Loading ...Ya that would be a gift.
Cheers
Buygold
Tks for yr Sons thoughts…that makes plenty of sense….i think the one thing that has gone wrong, is that travel has not been shut down, anywhere near early enough….it’s too late now…..but a few months inconvenience could have stopped the spread much easier.
But that doesn’t fit the Globalist agenda…the EU still has not shut anything down, nor has the UK…
Now we might have something worse to worry about.
The Bird Flu has broken out in China.
https://www.dailymail.co.uk/news/article-7987009/Bird-flu-breaks-two-Chinese-provinces-near-coronaviruss-epicentre.html?ito=social-facebook&fbclid=IwAR2W1v0mgk_Zon7X4WRlVhpj8nFOY-mk3gNNthGyEHPz72_1cng4YOMl1VA&fbclid=IwAR0ZWVRNW4IQAyrK4elN0gGW4UUPf7V0lLwkJmYFJhbr8sw97IiB0Lz4hmU
Good Funny Biden Gaff
Joe Biden sums up his campaign:
"We cannot win this re-election. We can only re-elect Donald Trump." pic.twitter.com/TrO7pCUCUT
— Trump War Room (@TrumpWarRoom) March 8, 2020
Buygold @ 9:32
Have to send that one on! 🙂
Captain–thanks for the input…I’m thinkin 20-25 bucks for a panic plunge in crude is possible
https://futures.tradingcharts.com/marketquotes/CL_.html
That said….at $30 I’d start building a position…
My Gush was $42 within the last year-I stopped tracking it at about $3…then it had a 10 for one reverse split
so it was about 30 or 40 bucks–as of friday it was $5…so without the split GUSH went from $42 to 50 cents…and if oil craters to $20…then what? 20…30 cents?? [$2 or $3 bucks post split down from 30-40 bucks??
They’s gonna be lots of freebies like that all over the energy landscape–it’ll be like the 1974 low in stocks
Richard640 @ 9:17
Yes that’s bound to happen at some point.
It will trade with a positive correlation to the stock market while stocks are crashing however.
So based on the indications right now,which you pointed out looks bad for tomorrow, one should perhaps be both patient and nimble if you are thinking of taking a whack at it.
Myself I like the short stocks – take profits regularly – turn them into physical silver for as long as it’s still available trade.
That’s what I am doing because at some point the geniuses of the world (sarcasm) will figure out just about everything will need to be coated with silver in order to prevent the spread of these deadly viruses and a severe shortage of physical can develop over night.
That’s why the bankers are abandoning their Comex silver short and it would be surprising if they step back up to the plate when it starts to rally because they know what is happening.
But they are on a suicide mission so who knows — they might try to continue fighting it because it’s all over for the asshole bankers once silver is out of the barn.
Cheers
The great Ballinger on Friday said that financial mkts reminded him of 1987-a Black Monday looks possible-usually mid-east mkts don’t set the tone but we shall see.
Saudi Arabia’s index closed down 8.32% at its lowest since November 2017, with most of its constituents trading in the red. State-owned Saudi Aramco tumbled 9.1%, its sharpest percentage fall in a day, to 30 riyals ($8.00). The stock traded below its initial public offering price of 32 riyals for the first time. “Aramco is under pressure because of the failure of the deal,” said Marie Salem, head of institutions at Daman Securities. Al Rajhi Bank and the country’s largest lender National Commercial Bank fell 7.1% and 10% respectively. Saudi Arabia, which slashed its official selling price (OSP) for crude for April, plans to raise its oil production above 10 million barrels per day next month, sources told Reuters.
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Kuwait’s index dived 10%, its second biggest ever single day loss. Financial shares weighed on the index the most, with National Bank of Kuwait sliding 9.3%.
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The Dubai index dropped 7.9%, its sharpest intra-day fall since October 2008. Emirates NBD Bank fell 9.6%, and Dubai Islamic Bank lost 7.7%.
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Abu Dhabi’s index closed down 5.4%, its biggest intra-day percentage loss in more than five years. Market heavyweight First Abu Dhabi Bank plunged 6.7%.
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The Qatari index shed 2.9% as the Gulf’s largest lender, Qatar National Bank, and Industries Qatar decreased 4.7% and 3.6% respectively.
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Egypt’s blue-chip index was down 4%, with most of its constituents closing in the red. Market heavyweight Commercial International Bank Egypt fell 4.7%. SAUDI ARABIA plunged 8.3% to 6,846 points
***********************************************
ABU DHABI fell 5.4% to 4,394 points DUBAI lost 7.9% to 2,267 points QATAR was down 2.9% to 9,037 points EGYPT dropped 4% to 11,849 points
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BAHRAIN slipped 3.4% to 1,563 points OMAN fell 2.8% to 3,995 points KUWAIT dived 10% to 5,750 points ($1 = 3.7520 riyals) (Reporting by Maqsood Alam in Bengaluru; Editng by Mark Potter)
Little Billy’s Education – one of Dad’s emails – Yikes
Billy was having trouble in school. His teacher constantly yelled at
him, “You’re driving me crazy, Billy! Can’t you learn anything”Billy’s mother met with his teacher at fall conferences. The
teacher told her Billy was a disaster, getting the lowest marks of any
of her students. She had never had such an unmotivated and ignorant
boy in her teaching career. Billy’s mom, shocked at the feedback,
withdrew her son, moving from Detroit to Cleveland.25 years later, the teacher was diagnosed with severe cardiac
disease. Her doctors advised open heart surgery that only one surgeon
at the Cleveland Clinic could perform.
The teacher decided to have the procedure which was remarkably
successful. In the recovery room, she saw the young doctor who headed
her surgical team, smiling down at her. She wanted to thank him.
Instead, her face turned blue as she tried to speak and she quickly
died.The doctor was shocked, wondering what went suddenly wrong. When the
doctor turned to leave the room, he saw Billy, the janitor at the
Clinic, had unplugged the life-support equipment in order to plug in
his vacuum cleaner.If you thought that Billy had become a heart-surgeon, there is a
good chance you’ll vote for Bernie Sanders or Joe Biden!
Captain–like silver, the oil sector is setting up nicely…I am looking for a series of exhaustion drops before I buy
If the article below on Saudia Arabia is correct, oil may soon make a series of exhaustion moves down on the charts and be the buy of the century
Looking for El Cheapo option plays in the energy sector—looking at the XOP may 15 and june 19 $18 to $20 calls…The rsi on the daily chart is 16 and on the weekly is 21…not sure this sector is “ripe” just now for purchase…but at some point it will be…the best trades are usually the “I just can’t imagine/shaking hands ones to make…and one never knows when they could turn…so having ones baited hook in the water via, say, some june 19 2020 $20 options at $9/$10 bucks is a way to play it…in the past 5 yrs XOP has made some significant highs at $55-$43 & $23-it closed at 12.91 on Friday—here is the XOP weekly chart
SPDR Series Trust – S&P Oil and Gas Exploration and Production ETF (XOP) has 0 splits in our SPDR Series Trust – S&P Oil and Gas Exploration and Production ETF stock split history database. Saudi Arabia Starts All-Out Oil War: MbS Destroys OPEC By Flooding Market, Slashing Oil Prices |
Hawaii asks to Ban Cruise Ships
Hawaii Lt. Gov. Josh Green, an M.D. himself, has been spearheading the state preparedness. Today he asked the Federal Government to temporarily ban cruise ships from docking in Hawaii. Apparently the State does not have the authority to make this ban independently. So the State is willing to crash that sector of the tourist economy here… which is considerable. Air tourism is now non-existant from Asia.
Stick a fork in Hawaii…
HAWAII HAS IT! The ‘Grand Princess’ off California has 21 cases of COVID-19 confirmed aboard. One passenger who debarked at Honolulu has now tested positive as the first case in Hawaii now. Now we wait to see how many locals the ‘silent spreaders’ at the ports have infected. Give it two weeks and I believe we will see cases on the four ports here that the ship visited. There goes the Hawaii tourist industry. Stick a fork in it.
I’m sticking to the ranch… far from tourists.
Captain Hook
“covering their shorts with prices at relatively elevated levels signals price are going much higher because they are getting out of the way.”
I’m looking forward to it! We haven’t seen this in quite some time.
Cheers
ipso facto @ 19:36
Screw being fair (I know you are only joking). These cretins (code for assholes) would keep PMs in the doghouse forever if you let them. The fact they are covering their shorts with prices at relatively elevated levels signals prices are going much higher because they are getting out of the way. They can no longer suppress real world constraints the corona-virus is exposing.
Just look at earnings. The silver producers won’t last long if prices remain at these levels.
I think once the majority of losses in stocks are seen in coming weeks silver will explode higher.
The gold/silver ratio is close to topping out somewhere around 100 here – a multi-generational high.
Cheers
Coronavirus
Talked to my son the budding Dr. – 3rd year med student at the University of Washington – now doing his family medicine rotations in Boise. Apparently, UW has shut down their med school classroom sessions and having the students do their work remotely.
Course he now sounds like a Dr. when he speaks, but no doubt they are taking this very seriously and he expects to be exposed as will the physicians /staff he works with.
I guess the big thing is the respiratory nature of the virus and it’s effect on the lungs, which is why it’s so tough on the elderly or those with pre-existing conditions or are pre-disposed to lung issues or cancer.
Said no doubt it will get a lot worse in terms of spreading and the death rate will be higher than the regular flu, but not such a threat to younger or healthy people. Still a lot they don’t know.
That’s his story and he’s sticking to it.
Captain Hook
To be fair the cretins should at least let the silver miners make a profit. I guess fairness is far from their minds as they peruse their Snidely Whiplash Manual of Skulduggery, Fraud and General Piracy.
Cheers
ipso facto @ 17:34
And that’s as of Tuesday with a bunch more covered since then. Comex silver is setting up nicely as long as the asshole bankers don’t get their collective finger stuck on the sell button again when it gets back up to $18.
Cheers
Buygold
Yeah that’s a good chunk of silver shorts covered. We don’t have much good to say about silver lately. I don’t think most miners are even making a profit.