Loading ...Buygold @ 9:45
It looks like the dollar is in trouble here so expect the Fed to wax hawkish tomorrow (to support the dollar) — especially with stocks so strong.
Everything is fine again.
See — riots are good. Whites are bad but riots and lawlessness are good because the dollar gets creamed.
Anywho — buy the crap out of any Fed engineered weakness tomorrow — that’s for sure.
The money printing will only accelerate from here as the left continues to destroy America so they can save it from Trump.
Cheers
D’oh!
Chesapeake Energy Shares Halted By NYSE Amid Reports of Chapter 11 Bankruptcy Plans
They tried gapping and crapping the shares at the open
but shares are fighting back a little.
I still think it’s all about what silver does.
Possible…long shot…maybe…nah! it couldn’t be…anyway here’s the scenario
!st of all the 30 yr is UP a full point…the 10 yr is up 20/64ths…and they were green all day yesterday when they shouldn’t have been causa the rally…today stock futures are bravely-devil-may-carely rising off their lows…the ideal set up would be a ragged rally the 1st 1/2 hr or hr.–then take a shot at some SQQQ calls…but gotta check the treasuries and the DAX to see if they are confirming the bounce…still no guarantees but great risk/reward if it were to be some kind of short/long term top…especially if the DOW ended the day down 500+ pts
Yeah R640 – the 8 am EST gang arrived
cut gold’s gains in half – per the norm
Did reality set in to the stock market overnight?
DOW futures actually down a few hundred?
I guess the only bad thing is they want to take now “industrial” silver down with it.
Another day in the life…
COVID-19 Has Properties That Have Never Been Found In Nature Before
And still the ignorant media parrots the CCP line….
https://www.zerohedge.com/geopolitical/covid-19-has-properties-have-never-been-found-nature
Richard640 @ 18:21
Talk about throwing your money down a rat hole! It’s the Madness of Crowds!
OIL % GAS
some others SM up 26%…Jroof up 22.5 %..oxy Up 17.3 % I Dont own own any and dont intend to…..I got fatter Fish to FRY….
Comments on Chesapeake
I thought the market always supplied perfect information on commercial conditions, and was essentially self-correcting in real time. This virtue made market economies far superior to any form of Central Planning.
“Efficient Market Theory” LMFAO
This will all end as badly as the last time(s).
The idiot momentum chasers are only padding their accounts in time to funnel the profits over to us who have a clue and experience.
Every last one of them will end up with less than they started the month/year with.
It’s NEVER different.
last week and today saw massive dash for trash into energy small caps
huge spikes
wondering how many of those are going BK in the wake of CHK
that whole sector is going obliterated
BP announced cutting global staff by 10,000
CHK down $29.80 after hrs-by morning will this have crashed and topped the entire market?
For those who are about to say that there may be some value to the equity, just a take look at the June 2021 bonds which are about to default and are trading at 3 cents on the dollar and just keep your mouth shut.
Chesapeake Prepares To File Bankruptcy After Stock Surges 300%
CHK was up $45 today=Chesapeake is preparing a bankruptcy filing=as in no value to existing equity
by Tyler Durden
Finally, for those are about to say that there may be some value to the equity, just a take look at the June 2021 bonds which are about to default and are trading at 3 cents on the dollar and just keep your mouth shut.
@Buygold re Silver Up .49 Cents
Even though Silver is up .49 near $18 its still down from near $19 last week. So maybe shares are still reflecting a net lower from last week price. Even tho Gold up today at $1700 its still lower than last weeks $1750 and April high $1775. We have to go with the flow.
BTW the higher Dow SnP can’t hurt us, if anything they help us. After all, we are shares also, just like them. If the dow crashes it could take our shares down too. Relax, the Fed et al are boxed in. I’m certain they prefer higher Gold and commodities to maintain an mental inflationary psychology. They are fighting a “low wage dragging things down” deflation situation re retail sales etc. Low wage deflationary tax receipts.
Mr Copper
Just that on a day like today, especially with silver up $.40 and gold at $1700 the shares should be up big.
It looks to me like the manipulators are trying to keep the large caps like NEM below their 50 dma’s to quell any technical buying.
Couple that with an endlessly rising SM and who needs pm’s.
Yet again.
June 19th $8,50 call—15,746 vol—1,539 o.i.—Volume 10X open interest=WOW…BUT IS IT PREDICTIVE?
I remember 2 large purchases in Feb of about 21K and 23K $20 march 21st calls on the VXX–which was about $14 at the time of purchase-they went to about $1500+ for each call
SQQQ call volume today
June 12th $8.50 calls—16,858 vol.—17,237 o.i.
June 12th $9 call—6,056 vol—7,524 o.i.
June 12th $9.50 call—1,634 vol
******************************************************
June 19th $8,50 call—15,746 vol—1,539 o.i.
June 19 $9 call—1,929 vol—4,876 o.i.
June 19th. $9.50 call—1,059 vol—2,106 o.i.
@Buygold re Concerned With Mining Shares
Lets face it, they in general have been beat up and abused too many times over the decades and have a bad reputation. They move crazy and volatile along with the stupid skitzy heavy margined futures buyers, even though share buyers are so different than futures buyers.
It also depends on which miners we buy. Small cap, pink sheet, bulletin board, mid cap big cap blue chip miners royalty miners etc. Some gold miners are making all time highs, and spot Silver and its miners are simply annoying, like my useless CDE that can’t seem to get up off its fat ass.
That’s why we but a variety and I’m spread around with 10 12or 15 miners and doing ok.
Mr. Copper, Ipso
The concern with the shares as I think Ipso may be pointing out is that they top before the metals every single time.
I’m just hoping that’s not what we’re seeing now.
The shares look like shit.
story: The Next Corvid Crisis Could Be a Wave of Suicides
Parts:
The isolation, grief and economic hardship related to Covid-19 are creating a mental health crisis in the U.S. that researchers warn could make the already-rising suicide rate worse.
A study tried to quantify the toll. The paper, which was not peer-reviewed, found that over the next decade as many as 75,000 additional people could die from “deaths of despair” as a result of the coronavirus crisis, a term that refers to suicides and substance-abuse-related deaths.
“One of the main things people should take away from this paper is that employment matters,” said Benjamin Miller, chief strategy officer at the Well Being Trust and a clinical psychologist who worked on the paper. “It matters for our economic livelihood, and for our mental and emotional health.”
Comment:
Lunacy the state of being a lunatic; insanity (not in technical use). extreme folly or eccentricity.
intermittent insanity once believed to be related to phases of the moon wild foolishness : extravagant folly a foolish act Absurdity, stupidity, idiocy,
The cheap prices we pay for high quality under priced imports and Chinese products is GREAT!! But obviously long term, now a global virus, is not worth it. Tobacco, cocaine, heroin, oxycodone, fentanyl, morphine etc all feel great too, but not worth it.
Some Things Matter Too Much, like Plastic bags and straws, and Some Things Like Gold And Isolationism Don’t Matter Enough.