KO100x
393 posts
@KObtceth
“Price speaks in silence; I only listen”| “Be still, and know…even the charts whisper”
Gold should touch $4,555 this week before moving toward $4,800. If that level doesn’t hold or play out, then $4,800 and $5,000 remain the next targets between this week and next, as I said last week.
If we can't find a good explanation, we come up with a bad one. This dictates human behaviour more than anything. We can't comprehend the lack of reason and we are very good at building it rather than discovering it. Most of the market is moved by this logic.
My guest today is Paul Tudor Jones (@ptj_official), one of the greatest macro traders of all time. He correctly predicted the 1987 stock market crash and shorted the Japanese bubble in 1990. For over 40 years, his flagship fund has had a negative correlation to the S&P 500. 100% of his returns are alpha. He says today's market has so many similarities to 2000, "the easiest bear market I've ever seen in my whole life." He makes the case for going long dollar-yen, why Bitcoin beats gold as an inflation hedge, and why he was wrong about Warren Buffett. But what I'll remember most from this conversation is Paul's zest for life. He's 71 and still wakes at 2:30 every morning to trade the London open. He works out for two hours a day. He walks with his wife every evening. He travels the country chasing peak spring and peak fall. He's so excited about the songs picked for his funeral that he wishes he could be there to hear them. Paul has lived five lifetimes in one. He's one of the most entertaining and interesting people I've met, and the conversation will leave you searching to be as passionate about what you do as he is about what he does. Enjoy! Timestamps: 0:00 Intro 1:00 The Kindest Thing 13:19 Trading vs. Investing 17:33 Lessons from Warren Buffet 22:24 The Existential Risks of AI 29:54 The Nature of Trading 31:46 Bitcoin 35:55 Bubbles 42:08 A Day in the Life of PTJ 46:00 Information Overload 47:07 Passion for Markets 50:49 The Robin Hood Foundation 54:18 The Workless World 56:03 Journalism 1:00:00 Principal Components of a Great Life 1:05:06 Kill Them With Kindness
Follow up: the LTF plan so far so good Expecting $77.6 for now but ideal HL would be at $76.2 BUT the market never gives ideal scenarios 🤣 Still the price hasn't lost $79.4-79.2K yet. This is KEY #BTC
