Loading ...Hillary ,Biden have all been bought by Iranians ,but now MIKE wants in and he’s got the Cash …Its a marriage made in HELL…
Well shux
Didn’t see this coming. I was half kidding about $18 and $1600 but here we are.
The good thing is that it’s not news or event driven.
and…the shares are on fire…it’s about time.
I went out-just got home….when I left, I thought the mkt was on its way to
the unchanged line–I was surprised to see new lows…especially the treasuries coming back to their highs…Bell weather TSLA still up $44….
Gold and silver are the big surprises of the day and may be telling the real truth about where stock mkts are headed…if this 10 yr bull mkt is winding down, then its demise will feature many days like this that just seem like “healthy corrections”
Like I said earlier, maybe today will have the DOW break to a new low…then recover for a while….then another new low…and work its way down to an ole minus 600 by days end
More paper gold
Britain’s Royal Mint launches gold-backed securities tradable on LSE
Britain’s 1,100-year-old Royal Mint said on Monday it will launch an exchange-traded product this week backed by physical gold held in its vault in Wales, which will trade on the London Stock Exchange.
Gold exchange-traded products, which issue securities backed by metal they buy and store on behalf of investors, have become big business since the first was launched in the early 2000s.
They now hold almost 3,000 tonnes of gold worldwide, worth around $140 billion at current prices, according to the World Gold Council.
The mint said its product will have a management fee of 0.22% per year of the value of an investment, putting it towards the low-cost end of the market.
The Royal Mint was forced in 2018 to freeze plans for a digital gold token after the UK government vetoed a proposal to have it trade on a cryptocurrency exchange, Reuters reported at the time.
end
Britain’s Royal Mint launches gold-backed securities tradable on LSE
Supposed to be an arms embargo?
Libyan General Haftar’s forces claim they’ve bombed Turkish ship ‘loaded with weapons & ammo’ at Tripoli port
https://www.rt.com/news/481107-turkish-ship-destroyed-tripoli/
Kevin Muir. The Macro Tourist
[One last reminder – this is a TRADING CALL. Longer term, all of this China supply disruption means more stimulus throughout the world. The risks with this bearish short-term view is that the market sees through it and realizes the worse things get, the more stimulus will be applied.]
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TIME FOR A STAB ON THE DARK SIDE
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Will Apple warning prove the news that shakes the market into reality?
Remember the weekend of February 1st-2nd? It was the weekend when the market hit its most emotional point regarding the Chinese flu situation. Within the financial community, talk about conspiracies and all other sorts of crazy theories were flying around. Reading my twitter feed that weekend felt like the world was about to end. The talk was so dire, I wrote a special Sunday night MacroTourist piece titled “BUY THE PERIODIC TABLE” in which I argued a massive stimulus was coming out of China and this was not the time to panic.
I was only half right. I was correct in that a massive stimulus was coming, but unfortunately the first wave was mostly monetary. And instead of sending commodities flying, it mainly propped up financial assets.
Let’s look at what has happened to the Chinese stock market since that fateful weekend: Straight up on a stick!
I can already hear the pushback – “the Chinese stock market is not a real market. It’s manipulated.”
Yeah, maybe that’s true, but you could have still traded this rally and I am pretty sure the profits from the rally in the FXI Chinese equity ETF are the same colour dollars as any other profits.
But what about other “real” markets? Like the Nasdaq?Don’t send me your comments about how this market is “manipulated” as well.
I have no interest in debating what price indices should be at. I am only interested in what price they will be at.
That weekend at the beginning of February, with all the negativity flying through the air, with the Chinese stimulus on its way, I thought shorting was a poor risk-reward setup.
However, now that we have rallied hard, combined with the fact that the flu situation has not improved as much as I would have anticipated, leads me to think the right trade is now on the dark side.
At this point the fintwit-doomsayers-turned-infectious-disease-experts will be springing up with a “see! I told you so!” Yeah, ok, but aren’t I putting out my short higher than the hole you sold into?
I have no ability to judge the seriousness of the Chinese situation. I am sympathetic to both sides, but I know one thing, the shorts have been run over so hard, it is now a difficult position to hold. It is no longer as crowded.
As I write this Monday morning, the stock market is down on Apple’s warning that the Chinese supply disruption will be worse than expected.
| https://tinyurl.com/r3a5c9c |
WOW-!!!! What a dramatic first 10 mins–trannies-down 15–up 34–now down–a pt
TSLA up 58…then up 33–now up 41
amazon up 12….GOOG up 7.80
treasuries waaaaaaaay off their highs
TRANNIES NOW UP 39…LOL–HAA!!– HAA!!
Good luck bears…yer gonna need it…
TRannies were down 130 Friday–now they’re leading to the upside…it’s a Mad Mad World….[screech!]
Buygold-Maddog=9:33–Fuh-giddabout-it–TRannies just went from down 15 to up 20
That’s all ya need to know…is this strong opening stick save to be sold?? Doesn’t seems so…also Treasuries have come way off their highs
Trannies up 32 and moving fast
and now this … maybe AG companies a good move, long wheat?
Locust plague reaches coronavirus-hit China after wreaking havoc across Africa
https://www.dailystar.co.uk/news/world-news/locust-plague-reaches-coronavirus-hit-21513111
Buygold-the PPT already has stepped in…looks like another day like FRiday…a “hangin in there” day
But I gotta think that one of these days a very quick 10-20% plunge starts…then stabilizes…and tries to make a V bottom…and maybe….just maybe fails…and we get a real longish term correction…I hope not cause I want Trump for 4 more yrs…
Wish I’d pulled the trigger on this one WDO.TO
Exploration Drilling at the Eagle River Mine Continues to Return High Grade Values From Falcon Zones and 300 East Zones
https://finance.yahoo.com/news/exploration-drilling-eagle-river-mine-213010663.html
OK
So I was wrong – not unusual. DOW down 150 pre-market
The question is, how long before the PPT jumps in for the stick save?
Maddog–thanks for the 10 yr note observation! I see they are trying to
stabilise the u.s. major indexes…they have come back a bit…I could see a scenario wherein the mkt opens and they bring back the DOW to down 50 or so,,,,and then down 200…stabilise…down 150…then down 300..400…etc…maybe close down 600…but no panic yet–That said, I think panic could breakout at any time…the potential is there…
Chinese stocks have made up the entire 10% drop they initially made on the early news of the virus outbreak,,,last nite was-I think–the first down session of any significance…I wanted to take home some VXX calls on Friday but the risk of coming in today to the upside was too much for me…I’ll see if the indexes get a bounce on the open…remember the friday session–with bonds well bid and the transports down 130…they just couldn’t break the other indexes…then the DOW coming almost all the way back in the last 10-15 minutes….This 2020 Titanic is going to be difficult to sink
The news flow is mixed-I am hearing hopeful talk about “new cases peaking”…also hearing some new dire predictions…supply chain disruptions causing factories to close all over the world…etc etc.
“Wishful Thinking” – OPEC Drastically Underestimates China Virus
Coffee Time
Gold
New All Time High Canadian overnight session $2110
Coming to a country near you
I think it will take $2500 gold to wake up my micro caps
Onward Pilgrims
Winedoc
redneckokie1/R640
Aapl never made a new Hi…it still has that weekly reversal in place, from 2 weeks ago.
R640
Seems that the prospect of not being able to buy $ 2000 phone, has woken the mkt up….panic could ensue !!!!
The 10 ‘s are just above really critical lows, take out the 1.32% level and we break a Triple bottom, going back to 2012 …..that’ll set off a huge panic..
silverngold, 17:54
love it!!! let’s make this go viral!!!
Blackrock most older folks think of Blackrock
being in the hedge fund business. They own 7% GORO shares . That’s where my mux money went, it didn’t look good at first but I’m glad I switched.