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Looks like it’s gonna be a big up day for the $–up .500 already at 4:50am
Silver down 45…
Looks like we’re gonna have our sell off I mentioned yesterday–only question is who’s gonna buy the reduced merchandise….will the customers say “just looking” or wrap me up some of those”??
Signs are here they’re going out of their way not only to manipulate the stocks but the price and to have people loose confidence perhaps discourage buyers even in physical. I read something a little while back from Armstrong that in Europe they are “ again” trying to limit or block buying of physical.
I’m wondering if it’s because they want to set up their digital currency plan if they get away with it without any competition. The governments there are getting more Nazi by the day. History repeats they never learn.
The direction of both equities and commodities should become evident at least for now soon. Guess it’s about here as I guessed but still could be a little choppy but a direction might start to form.
IMO the world is being conned; a great magician’s trick. Get your audience to watch your right hand while you perform your trick with your left. So what are we really dealing with? Totalitarianism? Looks like the world just willingly gave up ALL their rights! Now what?????????????????
Thanks for the video but giving someone the wrong pet is not funny.
As far as leased cars people don’t need them more can afford them if they’re not working. I warned a few people about that. They’re usually foreign here and liked the look of being well off lol by getting a newer car after a year or two.
Then the Uber and Lyft drivers. You can have only a certain amount of miles on your car so they lease them for so many months then get another so they stay under the mileage. That is smart actually than buying a newer car and wearing out the mileage. So with so many out of work they are better off getting unemployment than one ride a day or can do both with their own car and get partial unemployment otherwise will not be able to keep food in their table either. That is if they don’t destroy the farmers yet.
Do you know Gates is buying into that too? That sounds like big trouble to me. Big big big trouble. Ororeef talking about Hoffa makes me wonder where is the gang when you need them lol Have them do some humanitarian work to increase their reputation.
The housing what make me wonder. Do they expect it to go up because if it’s going down why wouldn’t they hurry up unless they fear defaults.
I heard the banks stopped giving mortgages because they don’t know what these houses will be worth later on. A lot of tax break, “make work” Transit Oriented Developments 3 and 4 story, built on cheap industrial land right near rail tracks.
Also car dealers are stuffed with new/used cars. Many people dumping off their leased vehicles. Before the virus there was news about population dropping. Lots of empty shelves in the super market. I think a lot of people might enjoy not working for a change.
its ore has run out at the same time management has flooded the market with new shares,removed the up side leverage and any buyer is a fool and a sucker..its buyers must be working for the Gubberment investing stolen Government pension money …like Jimmy Hoffa…Central States Pension Fund . The Mafia is alive and well…
Hi Richard, What do you think about this move by Direxion?
I guess the recent 3x to 2x reduction in multiplier (just as PM rebounds) wasn’t enough punishment. Now Direxion wants to kick shareholders in the teeth as well.
IMO this is going to hurt anyone that held their shares during this beatdown. If my math isn’t wrong, the new shares will cost 25x as much; and psychologically it just seems easier to play with shares in the $10-50 range than playing with shares in the $250 – $1250 range. Not to mention – forget options at $25,000 – $125,000/contract.
I know, I know….. these products are NOT supposed to be held long term.
BUT, check a chart of TQQQ vs QQQ – if one bought TQQQ (or UDOW) – no problem holding and profiting.
Fiat currencies are irrelevant. They are part of the clusterfuck zero sum game bankers would have you believe is important.
The debasement is universal across all fiat currencies that are printed at accelerating rates — as they must be in order for the Ponzi schemes they create to be maintained.
The debasement measures, then, are outside of this cube.
The debasement measures are commodity money — with gold at the pinnacle.
Cheers
Total cases: 517 (13 newly reported)
Hawai’i County: 41
Honolulu County: 358
Kaua’i County: 21
Maui County: 88
Pending: 3
Residents diagnosed outside of Hawai‘i: 6
Required Hospitalization: 45
Hawaii deaths: 9
Released from Isolation: 333
Cumulative totals as of 12:00pm, April 14, 2020
Masks now required for store entry or public presence everywhere here. Graph looks like we might have passed the peak, but not out of the woods yet.
Another salient point: anybody still looking at charts for “resistance” levels is either an idiot or a shill. We’ve just conjured up $10T out of the blue for God’s sake, with likely another $90T on the way. Resistance is irrelevant in this environment as we will soon discover. Whatever resistance is still being deployed is strictly of a cartel making, and bears no relevance to reality.
Question: Who would dare short gold at its 2011 high when it could be $2k in a nanosecond? By then the cartel retreat will be much more chaotic, and less cohesive. Shorting gold will be like betting you will get a seat when they shut the music off.
***
This would be another bullish factor for the PM sector
NEW YORK, April 8, 2020 /PRNewswire/ — Direxion has announced it will execute a reverse split of the issued and outstanding shares of twelve ETFs (each, a “Fund” and collectively, the “Funds”). The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
After the close of the markets on April 22, 2020, each Fund will affect reverse splits of its issued and outstanding shares as follows
Fund Name
Reverse Split Ratio
Approximate decrease in
total number of
outstanding shares
Direxion Daily MSCI Brazil Bull 2X Shares
1 for 35
97%
Direxion Daily Junior Gold Miners Index Bear 2X Shares
1 for 25
96%
Direxion Daily Gold Miners Index Bear 2X Shares
1 for 25
Everybody has to know that. It just shows what a fake system we have. Each party gets 8 years pretty much automatically. But they have a make believe election anyway. This shell game reminds me of Mitt Romney republican running against Obama’s second four year term. Mitt Romney wasn’t even trying to win, he must have known it was all just wheel spinning. And a big waste of campaign funding money.
That’s how it is, generally, in s bull mkt.
Maddog–I agree…just go directly to the source=PMs-!
Up very strong today. The long gold/short platinum spreaders may be buying their shorts back.
MUX had a good breakout today. I hope to buy it on some kind of retracement.
rno
What u smoking out there….the Dog was up 4.3 %…it was a nigh on perfect day for the scum….
Cheers
Good call….They painted small tops in shares all over the place in PM’s today….lets see how long they can hold it back.
They got a new problem now, as long as the SM is strong, it’s saying printing will take it all up, as nothing else will ….so why not cut out the middle man and buy PM’s and their shares !!!!
True.
But today was a down day for the larger share complex so that’s out of the way.
Onward and upward tomorrow.
You might be right, but as you have pointed out many times, the bull will try to throw you off at every opportunity.
Cheers
It only occurred to me today…so i thought i would throw it out there…..always trying to help, as they say….:-)
but buyers saying tks!!!!!!!!
