$40 plus, page-15

Whilst I totally agree that Brazil will have trouble supplying during the huge upsurge in covid numbers and this will benefit Aussie producers, nobody is factoring in a second crash. Surely the markets have disconnected from the economic realities throughout the world.Wake up everyone the US is broke and their money printing is doing irepairable damage to the global economy. And Trump cant control covid or Black lives matter and is clearly struggling with the demands of office to the point of being a laughing stock.
Technically the second crash is now overdue as in 2001 and 2008 the rallies from the first drop then lasted 47 trading days and this current rally has now gone longer, but maybe the fed have done enough to keep the markets inflated for a week or two more, who knows.All I know is gold price is about to sky rocket due to all this money printing devaluing the true value of the US dollar.
A fun fact, at current debt levels , some pundits are saying it will take the US economy 20 years to pay back the debt they have currently got and this is increasing every day by the multi billions of dollars due to the fed and QE.

Christopher

Positioning for the second crash by selling down holdings by about 50%