My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. With Loraine Souvenir, my portolio is doing really great and im proud of the decisions i made last year.
Having access to reliable information is crucial for us as investors to succeed both financially and in life. This is valuable, I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!
It's truly refreshing to see a comment about Loraine Souvenir. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure
The beauty of her approach is her dual focus: while she aggressively pursues profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve. This approach has enabled me to navigate the financial landscape effectively, making well-informed decisions about when to buy and sell.
Nice to see this here. A lot of folks downplay the role of advisors until they’re burned by their own emotions-no offense. I remember last year, I needed a good boost to help my business stay afloat, so I researched licensed advisors and thankfully came across Loraine. She’s helped grow my reserve, despite inflation, from $152k to nearly a 7-figure sum as of today..Her insights and daily siignals are worth following.
I remember the Lehman crisis so well. Larry summed it up nicely when it said it was hubris that took them all down but at the end of the day trillions of dollars were stolen and millions of people lost their homes and not one person was held accountable.
Thank you, James, for providing a forum for Larry to share his well-informed views and market pivot ideas. As Taleb says, Larry has "skin in the game". His experience spans equities and fixed income. Larry is a valid voice, with useful experience discussing strategies with professional investors involved in smart money market dynamics. I enjoyed the story about the West Chester group, and Jensen's latest marketing ploy.
Hi, thx. Should have clarified, I moved 40% out of gold miners recently to enter oil/gas markets, since I entered market back in early 2023 and some miners are nearing 100% gains (AGI, AEM, NEM). Wanted to realize profits on these investments while gold is up at highs $2700 and large miners appear will now take short break. Oil priced in gold is historical cheap, so rotated some, but not all. Also, I think Oil is being suppressed/manipulated prior to election and will soar afterward. As context, my entire invested portfolio in 2023 was 60% gold miners, and 40% silver miners. Am still holding my silver miners (up only 25% during comparable period), aside from mining stock investments, have significant amount of physical gold and silver holdings bought in 2020 at silver 14/oz and gold 1600/oz. I'll never sell this stuff , and will look to buy more when the inevitable "black swan" comes next year.and tanks markets..have indicators to exit prior to this happening and will then use the market crash as opportunity to use miner profits to buy more physical. Only had limited investment capital, so doing what I can for the largest asymmetrical gains based on the deliberate currency destruction by central banks. I do still own large gold miners and GDXJ, just not as much. Would like to keep rotating into uranium and platinum soon, but still liking golds potential, shall see..I appreciate channels like yours that give ideas how to manage all of this, your guest seemed to have confirmed what I've been doing and am.on right track, so thanks!
There are many people who have come forward with the inflation/stagflation argument. I do not agree because historical benchmarks do not confirm this thesis and the stagflation people fail to actually describe the mechanism that causes the inflation. To illustrate Lyn Alden (Investment Strategist) explained why lowering interest rates is not going result in much stimulus: Most people already have very low interest rates on their mortgages and refinanced in 2020. As interest rates go down there will not be a refinancing boom; and therefore no increase in discretionary income that would result from lower payments. During the 2010s the FED kept its rates very low and initiated several rounds of QE, yet there was little inflation - no comparison to 2020 to 2024. Why? What caused the inflation we have now? In 2020 and 2021 the FED lowered rates and bought treasuries. That money was handed out to consumers - stimulus. At the same time there was a break down in supply chains and many people were not working. So the government gave people money to spend on shrinking available goods and services and viola - inflation. It took 2 years of increasing rates, increasing service debt payments - money the government does not use on goods and services to increase inflation -- and the average consumer drilling through his/savings to see a marked decline in inflation. So baring stimulus what will re-ignite inflation in 2025 and 2026? Another historical benchmark is Japan. Japan has a much higher debt to GDP ratio and started QE well before the US. Japan has had very low inflation and very low growth during this period. And low growth as opposed to inflation appears to be the side effect. Saying the mechanism for inflation is the FED printing money is not correct. The Federal Reserve Act of 1913 actually prevents the FED from putting new money directly into the economy. The FED offers low interest and additional reserves to commercial banks. Only when these commercial banks make new loans is new money actually put into the economy. Now in 2020 the FED was a catalyst for money creation by lowering interest rates and buying government debt. Unlike the 2010's when there was low inflation this borrowed money was put directly into the hands of consumers. This is the mechanism that can cause inflation. However, simply lowering interest rates and even engaging in QE (buying treasuries) were not enough to cause inflation and instead of stimulating growth, US growth was actually lower than the previous decade. To sum up: when commercial banks borrow money from the FED and use their reserves to lend to commercial enterprise this new money is being used to create additional goods and services, hence not inflationary. However, when the FED lowers interest rates, buys up government treasuries, and that money is handed out to consumers, then new money is put into the economy but there has been no increase in goods and services. In this case more money is chasing after the same goods and services - inflation.
It's Jimmy Connor, thanks for the detailed comment/analysis Chris! I love it when viewers share their thoughts and opinions in such detail. I don't agree with the stagflation thesis but I believe inflation has not been tamed and it will accelerate later in 2025 and then the real fun begins.
Great analysis, thank you! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How should I go about transferring them to Binance?
unfortunately ppl that are still on side and just looking to other gains, they still have to wait few time for any recession. Untill there, others are growing their wallets. Market still have time and space to grow. Thanks many "analists" many ppl see how inflation eat their wealth, they wait on side for a big dip....but that dip is only up, only up.
I think IF he is correct about stagflation it will be a huge year for Gold and Silver as that economic scenario is like rocket fuel for PMs. By this time next year I can see 3500-4000 Gold and 60-70 Silver.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I have little or no interest in silver but I think your gold target is bang on.
@@BloorStreetCapital i think Silver ends up outperforming Gold next year into a market blow off top. Just like 1980, 2008 and 2011. But I will take it all however it unfolds as In 2018 I bought a huge amount of both metals plus I am loading back up this month on mining stocks as they are soon to run hard into mid 2025 as well.
@@AMP98765 I hope you're right! I've been overweight golds for 3 years and its been hurting my performance. fyi I have an interview with Eric Sprott coming out on Oct 12 at 10am ET.
Stagflation I dont know but inflation is still a big big problem. These longshoremen strike and how much they make infuriates me. Im trying to get by on $6ok a year and its impossible. I was just at Sams Club and spent over $600 on groceries and the same good cost we $300 3 or 4 years ago
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Inflation is real and I think we have to realign our view on what it is. It is no longer 2% but much higher at 5 or 6%.
