Lawrence McDonald
@Convertbond
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NY Times Bestselling Author, pick up "When Markets Speak" on Amazon. Long-time @RealVision @CNBC Contributor, founder of the @BearTrapsReport
New York, NY
Joined March 2009
An essential look down the road ahead...
Kudos to Larry McDonald @Convertbond - whose excellent book 'How To Listen When Markets Speak' came out in March 2024, with a central conclusion that you needed to own hard assets. Since then Gold +76% v SP500 +27%. Catch up on our full convo here: https://t.co/fIMySewcjm
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"Gold is money, everything else is credit." JP Morgan, The panic of 1907.
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The "hard asset" bull market is here, so be careful —we are at extreme extension.
"Gold is money, everything else is credit." JP Morgan, The panic of 1907.
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Markets are Speaking in Recent Days A. US Ten-Year: 4.19% to 3.99% B. Oil: $66.42 to $57.68 C. Copper down 2% today D. Consumer Staples $XLP, recession-resistant stocks, +2% You tell me?
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https://t.co/5ppuqOJY8r Dear BS Pump Artists, ask Grok - nasty Bitcoin drawdowns hurt most investors in reality. Long-term track records are near meaningless. *Gold's most significant drawdown over the last decade is just 21%, which is a "real" store of value.
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A tale of two cities Gold all time highs vs. Bitcoin off 12% sale.
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JPMORGAN FACES RISING CREDIT COSTS AMID SUBPRIME LENDING RISKS - Bloomberg. It starts with $1B, then the whole truth oozes out one drop at a time - next four quarters. Must watch video below.
Business Development Companies BDC’s Private Credit - the slime show is oozing to the surface. Borrower “First Brands” used a Lehman like Repo 105 move to hide leverage and screw investors. Two size frauds in the last 10 days, stay tuned! https://t.co/izhwMnWfJp
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Extremely, maybe once in a 20 year event.
DSI was 87 last night. Let's see if we get to 90 today
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The GOAT -- Technical analysis stand-alone, is NOT worthless, but is just one tool in the toolbox. Listen to Stan. You have to be able to hit all the clubs in the bag.
How Stanley Druckenmiller (he managed over $12 billion in assets) looks at technical analysis:
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Since July, Bitcoin has been flat with platinum +22%, gold +25%, palladium +39%, and silver +45%. From "When Markets Speak." You are far better off owning a basket of hard assets, including Bitcoin.
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https://t.co/5ppuqOJY8r Dear BS Pump Artists, ask Grok - nasty Bitcoin drawdowns hurt most investors in reality. Long-term track records are near meaningless. *Gold's most significant drawdown over the last decade is just 21%, which is a "real" store of value.
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https://t.co/5ppuqOJY8r Dear BS Pump Artists, ask Grok - nasty Bitcoin drawdowns hurt most investors in reality. Long-term track records are near meaningless. *Gold's most significant drawdown over the last decade is just 21%, which is a "real" store of value.
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Hi Grant - 1. Financial repression - they want interest rates below the rate of inflation (monetizing the debt, inflate their way out of a $37T debt hole) — bullish hard assets. Forcing banks and trading partners to buy US Treasuries. A major theme (book ideas) in -- "When
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When was the last year silver's return was nearly 5x that of the top US tech stocks? Financial repression - in Washington. They are trying to hold the beach ball underwater by keeping interest rates below inflation. We need a whole new portfolio construction.
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Got Hard Assets? SILVER SURGES TO ALL-TIME HIGH ABOVE $52.50 AN OUNCE - Bloomberg. 2025 Silver $SLV +73% Nvidia $NVDA +36% Semis $SOXX +27% Bitcoin $IBIT +24% Mag7 $MAGS +15% Tesla $TSLA +2% Amazon $AMZN -1% Apple $AAPL -2%
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Since December Gold +56.8% Bitcoin: +5.5% Current Drawdown Gold: All-time high Bitcoin: -9.3% (2)
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Gold > Bitcoin Last Four Years by nearly 30% Largest Drawdown Last Decade Gold: -22% Bitcoin: -84%, -71%, -54%, -75%
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1. Rare earths, materials. 2. National security. 3. US taking stakes in companies controlling hard strategic assets. Extreme conditions above, historic FOMO.
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