Is BKX also known now as the KBW Bank Index?

What inverse ETF would best approximate his recommendation to "sell BKX?" I can't find any inverse ETFs that are based on the BKX. I find them based on Dow or S&P financials, Russell 1000 financials, or Soloactive Microsectors US Big Banks Index. For example these: https://finance.yahoo.com/news/short-financial-sector-etfs-151503719.html Do any of these best represent shorting the BKX?

Raoul, I would appreciate your comments: 1) Now that Galaxy has had a sharp drop, is it a buy again? 2) I understand Galaxy had a quick run up and so the temptation to take profit. However I thought Galaxy was a 'buy and hold' given the long term potential of cryptocurrency. So should I really trade it and potentially just be left behind? Thank you.

It has been an interesting journey with Galaxy Digital. I bought the stock after Crypto Gathering because I like what I watched about Mike Novogratv. Earlier this week Mike and Raoul were tweeting about Galaxy and I was thinking I didn't sell a share because I believe in Mike's business. The next day I felt the parabolic upswing is too much and I felt uncomfortable. I put in an oder to sell at $5.50. Didn't go thru! Meanwhile I saw the price dropping. Last night Raoul sent out the advice to get out and this morning I sold for $3.81! I have been in biotech venture capital investments(twice as founder) three times. This kind of ride is the nature of this business. After investing in venture cap for 35 years I still need a holding hand to make the move! This membership is worth every penny of it! So much to learn!

Thanks for this Raoul. You have been consistently bearish on developed market banks. Would you be a buyer of Indian banks against the backdrop of India's covid/economic problems?

Raoul, a longer term question. At the festival of Learning I think I heard Pippa Malmgren opine that a government takeover of Crypto is inevitable. Would like to hear your reaction after you have had an opportunity to review her presentation.

Raoul is definitely a market mover. Got in a day late after his Galaxy buy recommendation and had to pay a huge premium, and then sold a day late after his sell rec and took another big hit in the other direction. Still, 50% in pocket with a decent position still alive and free-rolling is nothing to complain about. Thanks Raoul. Love this site!

I have blown the GLXY Trade. I got in late at $4.25 after signing up for Pro just last week. I didn't realize it was such a speculative play. Thought it was a 12+ month hold so didn't think of selling as it got over $5.00. Rahoul, at this point with GLXY around $3.85, would you sell and take the loss or hang tight?

Thanks Raoul. Do you see GDX/GDXJ susceptible to a risk off move, or do we power through following the long gold thesis?

Thank you very much Raoul!

I am confused. "There is a potential for dollar weakness. I bloody well hope so because I have taken a lot of pain in this trade." I thought you were strong USD and Julian was weak USD. Can you please clarify.

Did you mean you expect dollar weakness or dollar strength?

Raoul, are you indicating that you think GE and T are going bankrupt longer term? I understand they are highly indebted but I think they are also considered strategically critical businesses in the US (aerospace and 5G). I doubt US government would just let them go out of business? Also, these are two companies in very different industries. While I understand that the impact in air travel fundamentally hurts GE, T is a telecom company and I doubt cell phone service is going away (it's pretty much a necessity). Why do you think the economic situation is going to hurt their income stream so badly?

What's the rationale selling Galaxy Digital while maintaining an "irresponsibly long" position in Bitcoin? Bitcoin wasn't a flight to safety last round, why would the next leg down be any different? Not opposed to a hopium type response because I too am "irresponsibly long" ;)

Raul - At the beginning of the video you highlight the rise of the dollar as the something that is potentially destabilizing the markets. But then towards the end of the video ( 4:55) you mention you are worried about dollar weakness. What am i not understanding? Thanks

could someone please remind me what were the big BBB names in each sector Raul was watching, cheers

Thanks!

Great update, thank you. I put on a decent sized Euro short as it tried to breach 1.20 USD. This is totally off topic but being somewhat of a compulsive workaholic, I've only just been able to take enough time off to finally watch the videos from the RV Crypto workshop that happened a few or so months ago. They're great, I've opened an account at Kraken and have bought myself and my two kids a Ledger Nano and am sending them small amounts of crypto, getting them into the crypto space. Am looking forward to watching the Festival of Learning videos later as well.

Regarding silver and the dollar.... Julian had some good insight in his Festival of Learning video with Raoul this morning. Recommended viewing if you are involved in the USD and/or silver.

Thanks Raoul, much appreciated. Any interest in shorting the regional bank index and is there a suitable ETF with which to do so?

Raoul, Whish is your target on KBX, GE and T. ?

Puts on equities are fully priced - it will be very difficult to make any meaningful gains by shorting stocks.

@Roul I really really want to hear from you on the last interview that was done with Steve! Where low interest rates and QE's are actually deflationary and not inflationary.

Many thanks Raoul! Appreciate the update, as always. Cheers

Thank you

Appreciate the update Raoul, cheers.

Thank you. If we could have a transcript please? NW