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Deadline: June 11, 00:00 UTC
To the community on Twitter encouraging me to sell IREN shares, here is the extract from my letter to my LPs from 1st of October.
We had covered all our ai positions with a collar during Q2.
To my long time silver friends, why Silver is more likely heading to $46 before turning bullish again.
Silver blow-off moves take a lot of time to retrace and rebuild a base. And often the last weekly cycle from the blowoff phase has to be retraced, in this case to $46.
From a trend perspective, this remains an intermediate time frame retracement from the January blow-off move. The arrows show the corresponding gold Cycle highs/low, which are in decline. And the next weekly cycle low is not due until the end of 2026.
From past experience, Silver in a bull market offers one of the best opportunities to post significant portfolio gains. It's because when it goes into a parabolic advance, it's generally just one relentless and straight move up, allowing for good positions to sit tight in. But those parabolic moves are short-lived (6 to 12 months) and then it takes a long time for another such environment to build.
I feel strongly that Silver will go through another such environment in the near future, but know that it's always a process.
To my fellow western investors:
In China when we do any type of search these days the default is either Doubao or Xiaohongshu. It's no longer Baidu. I thought it's common knowledge but apparently it's not, Baidu hasn't been a verb for a while now.
To my Jewish friends and neighbors who will soon be observing Yom Kippur: May you be inscribed for a good year in the book of life. I'm looking forward to continuing to work together to build a better Michigan and a better world.
To my UK friends: I don't guess with supplements and you shouldn't either.
The Methylation Genetic Test reads the 13 genes that decide how your body uses B12, folate and the rest. I explain every result on video, and your supplement protocol is built from what it finds.
You can now buy one Methylation Genetic Test, get one free until stock runs out.
To my fellow summer lovers out there, think of this weekend, not as the “end” but as an opportunity to remind ourselves why this season is the best one of all!!
Cc: @jmart , @lieslhickey