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VRA Letter: Keep Ignoring the Permabears. Bitcoin; Keep Buying Dips. Tesla; Keep Betting on Elon. Gold Miners Must Be Owned.

Good Friday morning. VRA Quick hitters this AM: 1) The markets fell rather sharply following yesterdays PPI data, before putting in another solid smart money hour with the generals leading the way higher. Textbook shakeouts…tex ...

Posted On March 15, 20243 MIN Read
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Good Friday morning. VRA Quick hitters this AM:

1) The markets fell rather sharply following yesterdays PPI data, before putting in another solid smart money hour with the generals leading the way higher. Textbook shakeouts…textbook bull market action. On his podcast yesterday Tyler explained this in detail, along with why we view most all government data with a general lack of belief. Disinflation is continuing to build…it’s the longer term trend that matters most to us.

One of our favorite market watchers over the last year has been Bryan Rich. Like us, he sees these dips as a buying opportunity. Please…don’t allow yourself to get caught up in the fear-mongering of permabears (clickbait list-builders).  Here are his thoughts on the PPI data.

2) Bitcoin

After hitting all-time highs yesterday of $73,740, BTC proceeded to drop to $65,765 overnight for an 18 hour correction of 8.5%. We’ve seen this movie before. 
This is the 3rd shakeout of the last 2 weeks, in the r...

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