buffalogiraffe

Buying a bunch of IAU and GLD in the age of helicopter money and inflation? It's a great idea, but these etfs get taxed as collectibles, which is at a nasty 28% rate. The best way I found to get around this is PHYS, Sprott Physical Gold Trust. You can sell this for the normal 15% long term rate. All you need to do is fill out a tax form every year. More info here https://sprott.com/investment-strategies/physical-bullion-trusts/tax-guide/

Does anyone here use fibonacci retracement levels? Looks like we've been trading right in between the 78.6% level of 244.12 and 61.8% level of 264.41.
https://imgur.com/a/yEesPI8

You might be wondering how these percentages are determined. This page from investopedia explains it, note the area circled in red at the bottom. So yes, this TA is literally based on the ratio between each spiral of seeds in a sunflower.

1. Buy Calls
2. Announce Unlimited QE
3. Use call profits to fund QE
4. Buy More Calls

Literally can't go tits up.

I remember WSB during the December 2018 crash. SPY was down almost 20%, and the sub was full bear. Everyone was convinced that it would go lower, down to 200 or even below. Then as we rallied into January and February, the sub was filled with comments like "low volume rally", "dead cat bounce". But the further drop never came, and all the bears were dead.

Now with this crash, we are over 30% from highs. Again, most of reddit is full bear, and are looking for SPY sub 200. Lets look at previous declines.

The average is -32%, with the previous two being -57% and -49%.

But what caused us to crash this much, this quickly? Is it people dying from Corona viru