Life Is Transitory and then You Die - Nick Santiago 5-12-21 #265

Source:
https://www.spreaker.com/user/appeal2/nick-265

1. Markets are lower again today across the board. Tech is leading the declines trading down by 1.50%. The semiconductor ETF (SMH) is trading lower by nearly 3.0%. Everyone should watch this very closely.

Earlier today, there was a hot CPI (Consumer Price Index) number released. CPI increased 0.8% in April, Core CPI, which excludes food and energy, increased 0.9%. The Fed heads (central bankers) call this transitory. We shall see about that.

They should take a look at the steel price, copper, corn or wheat or lumber. Prices have gone exponential but there’s nothing they can do about it. Will this cause the stock market to go down?

Leverage will blow up and take everything with it. There are others similarly situated to Archegos. The stage is being set. Billions and billions will be lost.

2. Gold/Silver yields are up and money is starting to flee. London Silver reserves were off by 3300 tons. Stronger dollar coming? Will the Fed tighten. Rates going higher, but still have a long way to go. The bond bubble is over.

3. Bitcoin making lower highs and the flight Ethereum. More Bitcoin distribution to come. There’s more crypto out there than

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