Comments
Transcript
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JAIs BKX also known now as the KBW Bank Index?
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CMWhat 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?
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JMRaoul, 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.
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lyIt 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!
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AFThanks 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?
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DHRaoul, 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.
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LMRaoul 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!
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BMI 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?
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AHThanks Raoul. Do you see GDX/GDXJ susceptible to a risk off move, or do we power through following the long gold thesis?
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SSThank you very much Raoul!
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ESI 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.
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KRDid you mean you expect dollar weakness or dollar strength?
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JMRaoul, 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?
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mpWhat'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" ;)
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GPRaul - 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
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rdcould someone please remind me what were the big BBB names in each sector Raul was watching, cheers
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DWThanks!
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DWGreat 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.
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ESRegarding 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.
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RAThanks Raoul, much appreciated. Any interest in shorting the regional bank index and is there a suitable ETF with which to do so?
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CARaoul, Whish is your target on KBX, GE and T. ?
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GLPuts on equities are fully priced - it will be very difficult to make any meaningful gains by shorting stocks.
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AP@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.
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MLMany thanks Raoul! Appreciate the update, as always. Cheers
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NRThank you
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SRAppreciate the update Raoul, cheers.
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nwThank you. If we could have a transcript please? NW