GCap #1: Beware the Ides of March

As Frank Hickey writes in his latest High Tech Strategist, “Once Again, The Music Stopped (Without Much Warning)”.

Imagine if you will, the US markets, as measured by the DJIA experiencing:

…all within the space of a week, I would say that volatility is back and I am going out on a limb to posit that The Everything Bubble has finally topped out.

This is, of course, inexcusable, and the powers-that-be will do whatever it takes to keep asset prices inflating, coronavirus be damned….

As it stands now, gold is powering higher, looking to blow through $1,700/oz, but the gold miners aren’t really confirming (yet).

Bonds are the last man standing of the Everything Bubble and once that pops, look out. See below…

I started fiddling with the idea to do a monthly newsletter during the last week of February, and my rough notes contained ideas like:

That was around two weeks ago, and most of that stuff has been rendered obsolete:

The TSLA share price has already nose-dived below the secondary offer price of $767, closing Friday at $703.48. That’s an 8.3% haircut in 10 trading days.

Warren threw in the towel after super-Tuesday.

Canada’s supply chain now faces a much bigger existential threat because of COVID-19 (as does everybody else’s)

My mini-rant against the goal of equality of outcome never progressed much further than observing that anybody who espouses that as an ideal is really saying, in effect that,

“nobody else should be more successful, or happier, than me”

and that the sentiment is almost exclusively advocated by miserable and frustrated Marxists who meet many of the symptoms of being mentally ill.

Prove me wrong!

… was as far as I got with it. Other than that the progressive’s zealousness over the certainty of their own morality crowds out self-awareness.

I set up my Thinkspot account in February. That’s the new social media platform developed by the likes of Jordan B Peterson and Sam Harris, intended to be a place where ideas can be freely expressed without the spectre of cancel culture hanging over one like a Sword of Damocles.

If you’re interested, just reply to this email and the first 10 people will get an invite from me. I’m @markjr on that system so look me up once you’re there (I even seem to have a blue checkmark!)

Should I keep writing a monthly GCap newsletter? Please reply to this email and let me know if this was of any value to you or a complete waste of your time.

Thanks!

Feel free to forward to your friends and colleagues, and if they want to subscribe to Out Of The Cave, just go here, and I’ll send you a free copy of 1893 novella Pictures of the Socialistic Future with a new foreword by me when you opt-in.