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Dear Fellow Traveler: I got a text message today from an old friend and colleague… he joined up with StockTwits last year as a producer, and they’re building out their video content. They snagged a fantastic sports and financial journalist, Michele Steele (ESPN and Bloomberg), so they’re building a great operation. I look forward to their content. With gold at $5,400 and silver at $115, Michele and her team decided to invite a macro- and commodity-nerd named Garrett Baldwin… The guy who uses “monetary policy” in casual conversation… and can’t shut up about the repo market. If you haven’t heard of this guy… check him out. He has his hand on his chin in this picture, so you know he means business…  It’s a quick conversation… Just to note, given that gold is at $5,400, I mentioned that gold’s monthly RSI is rather manic. When I say I think it will hit $5,000 before $6,000, I mean I expect some profit-taking (and some deeper concerns about liquidity that weigh on speculation). I still expect gold to move higher over the long term due to structural buying. Cool experience, since StockTwits was one of the first profiles I wrote on Fintech back in 2016 when I joined Modern Trader, and I’m a big fan of their evening letter, The Daily Rip. Thanks to their team. Let’s do it again sometime. Subscribe to their YouTube channel for free here. Meanwhile… just FYI. We’re now in the territory where I’m going to focus on hedges with the PSQ or the SQQQ. Bitcoin’s move today suggests there are some bigger issues… and we’re not out of the wood yet. This chart is just screaming at me right now…
All right! Great talk… Stay positive, Garrett Baldwin About Me and the Money Printer Me and the Money Printer is a daily publication covering the financial markets through three critical equations. We track liquidity (money in the financial system), momentum (where money is moving in the system), and insider buying (where Smart Money at companies is moving their money). Combining these elements with a deep understanding of central banking and how the global system works has allowed us to navigate financial cycles and boost our probability of success as investors and traders. This insight is based on roughly 17 years of intensive academic work at four universities, extensive collaboration with market experts, and the joy of trial and error in research. You can take a free look at our worldview and thesis right here. Disclaimer Nothing in this email should be considered personalized financial advice. While we may answer your general customer questions, we are not licensed under securities laws to guide your investment situation. Do not consider any communication between you and Florida Republic employees as financial advice. The communication in this letter is for information and educational purposes unless otherwise strictly worded as a recommendation. Model portfolios are tracked to showcase a variety of academic, fundamental, and technical tools, and insight is provided to help readers gain knowledge and experience. Readers should not trade if they cannot handle a loss and should not trade more than they can afford to lose. There are large amounts of risk in the equity markets. Consider consulting with a professional before making decisions with your money.
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