Fleckenstein
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Often wrong, never in doubt. – Bill Fleckenstein

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Q: I know you still like PVG. Do you think Jan 2021 calls offer a long enough time frame to capitalize on a gold rally and improvement in perception of their business?

regards

Q: Hi Bill - ALL the precious metals complex is getting uniformly ' shellacked ' . - Badly hammered . WHY ? - Is the Dollar THAT strong today ?

Q: Hi Bill,

On the inflation subject: The story about people living in RVs is doing the rounds again:

RV Living

None of the commentators make the connection that this is a result of money printing.

Furthermore, as more people abandon traditional housing and move into RVs, the 'owners equivalent rent' portion of the price inflation calculation will be 'subdued' thus there is no inflation. In California there are now 1.7 million people who pay more than 50% of their income on rent.

This is so maddening!

Q: These guys talk about the rolling of the futures contracts and the effects on the metals a little after the 4 minute mark. Seems like a confluence of events with futures roll and moving averages violated which brought in the HFTers.

He then goes on to talk about similarities to 2010. Pretty interesting stuff.
THE DROP IN PALLADIUM AND NOW THE BROAD PM SELLOFF. THE METALS NEED ONE KEY THING TO DRIVE THEM HIGHER.

Q: Hi Bill ,
I thought ' We ' ( the subscriber collective ) , were done with the precious metals ' Smack Down ' routine . . . Palladium yesterday ( -$27 ) I believe , & Gold today ( -$17 ) , as I write this . What GIVEs ??? Is it the Strong Dollar scenario ? Is Modern Money Theory ( MMT ) so good that people remain enamored with the mighty dollar , even though it gets pumped up with about $ 4 trillion or so with QE over the last 10 yrs. ? ( I think the national debt. is north of $20 trillion now . . . ) The only ' investments ' that keep going up are over valued stocks , paid for with overvalued dollars - what a scam ! ! ! The stock market should be crashing in 3 - 4 months I would think - Thanks for your Great RAP every day ! It keeps me grounded in reality !