Loading ...401K to a 201 K lol lol
I don’t know about paying dues, you don’t pay to lose, money.
Mr Copper
Buygold
Busy day, still is, my grandson now has a shark tooth necklace from Florida his dad gave him.
Aglows lol, hard to say with thoughts but I think people or some of them are seeing this move and deciding to accumulate some early. Then other maybe just technicals.
I can’t believe Nazi Klaus
is still alive, he must have some good protection
@goldilocks re Gold charts $1,782 now, notice, down like the stairway and up like the elevator.
Its usually different for us. Up like the stairway and down with the elevator. Re Dow SnP I doubt the regular folks complaining about the 401k turning into a 201k would be lucky enough to be 401k again for a long time. They have to pay their dues. Even the crypto gang. It always takes a long time to recover after a real good run. We had highs in 2012, then highs in 2020 etc. We went thru the summer doldrums with PMs and going into fall and winter might be great.
Yeah Goldie
Unfortunately, those charts look like they’re going to rollover, don’t they?
Today was interesting, as soon as the SM started to fall, gold and bonds rose, and the USD fell. Have the algo’s been reprogrammed?
I’m reaching… LOL
FYI Heating Oil Spot $3.64, plus $1.61 over spot retail $5.25 per Gallon for 300 Gallon Delivery
It used to be .50 to .75 cents over spot. Most houses burn a 1,000 gallons a year. That’s $5,250 for the winter. $5.25/gal sounds crazy but its about right.
The price must have been suppressed, (like AU AG) or held lower than inflation somehow. Because I remember long ago 1970s .28 cents per gallon. Times X 20? $5.60/gallon. A slice and a Coke was .25 cents, gallon of gas .25, pack of cigarettes .25cents.
So in reality, if prices were below the inflation curve, and then rebound TO the inflation curve, its not really NEW inflation. It like catch up inflation. And let me tell ya.
People working in supermarkets and everywhere else at $15/hr divided by 20 are making .75 cents per hour in old dollars, when old low minimum wage was $2/hr. (s/b $40) If the wages jump the dirt bags media that educates the public for free, will say wages are causing inflation, a “wage price spiral”.
Its all more evidence of reality or normalcy coming back from ab-normalcy.
Abnormally flat $20/bbl Oil chart until 9/11. People were making about $200/week early on or earning 20 bbls a week, ($1700/week $88k/yr today at $85/bbl) How can a price stay flat when everything else like houses taxes and rents and postage stamps gradually climbed? A freak? Or artificially derived futures prices. The Arabs were complaining about that recently.
Buygold
Looks like their still following SM in miners.
Hui looks like it’s struggling like the little red train, I think I can I think I can trying to reach the 200 MA where XAU has that new thing where they show a huge red volume. So is it going to go sideways or continue with the SM bear rally. The young ones are still doing tec like perma bulls lol but can do puts too. Meta has been rallying.
Head Fake On The Indices This Morning Re B/S “Good News” On Inflation
I think this situation today suggests the Dow SnP have been on a bear mkt rally. A good chance for many to cash out of regular stocks. Many layoffs going on.
Also for fun, it may be a good time to go back to the short plays SOXS for lower Semiconductors, QID the QQQ short etc. This little dollar bounce may not last, and AGQ silver long might work.
Charlie Munger Is Smart, He Said Crypto Is a Bad Combo of Fraud and Delusion — ‘Good for Kidnappers’
Klous Schwab is just an employee. Stop giving him credit. Hes all washed up. Their influence and agendas for decades screwed themselves. And all the little poor countries they promoted. TPTB globally painted themselves into a corner. Relax.
All those little poor countries ended up having too many kids. Like animals in nature. They have a lot of offspring, now what? They overflow into countries where we have 1 or 2 kids. If he was smart he’d have his own business. Like Warren Buffett Charlie Munger Bill Gates etc.
Munger:
Berkshire Hathaway Vice Chairman Charlie Munger, a longtime cryptocurrency skeptic, said digital currencies are a malicious combination of fraud and delusion.
“This is a very, very bad thing. The country did not need a currency that was good for kidnappers,” Munger said in an interview with CNBC’s Becky Quick that aired on “Squawk Box” on Tuesday. “There are people who think they’ve got to be on every deal that’s hot. I think that’s totally crazy. They don’t care whether it’s child prostitution or bitcoin.”
The 98-year-old investor’s comment came after a wild week for the industry. FTX filed for Chapter 11 bankruptcy protection after concerns over the company’s financial health resulted in a run on the exchange and a plunge in the value of its native FTT token. Binance had backed out of a deal acquiring FTX after reports of mishandled customer funds and alleged U.S. government investigations into FTX.
“You are seeing a lot of delusion. Partly fraud and partly delusion. That’s a bad combination,” Munger said.
The price of bitcoin, the world’ largest cryptocurrency, has fallen more than 60% this year to trade below $17,000, according to Coin Metrics.
“Good ideas, carried to wretched excess, become bad ideas,” Munger said. “Nobody’s gonna say I got some s*** that I want to sell you. They say – it’s blockchain!”
Klouse Schwab Is An Idiot, Don’t Worry About Him He Just Said…..
Part:
“History is truly at a turning point,” Klaus Schwab said at the 2022 World Government Summit in March.
“We do not yet know the full extent and the systemic structural changes which will happen, however, we do know the global energy systems, food systems, and supply chains will be deeply affected,” Schwab said speaking on the economic fallout from Covid-19, dangers of climate change and clashing world governments.
Klaus Schwab said the answer to the global food and energy crisis is to expand government power.”
Comment:
The jerk buffoon with an accent in high places is not up to speed. I said what he said, way back on 9/11/01 and again in 2008 if anyone remembers. Simple crap, even a cave man would know it. Globalization was a mistake in 1970 and I KNEW it. These idiots running the world created a Frankenstein Rube Goldberg abnormal economy.
Exactly what we want to see
Lo and Behold gold blew thru $1780, silver asnd the shares coming back.
Rates falling fast.
Hey Goldie
I think the question now is whether we can rally in the face of a falling stink market, as DOW is now down.
Silver is sure taking a beating today, but oil is up.
Let’s see if the Nasdaq follows the DOW in the crapper.
G20 get their marching orders from the Head of the Universe/Galaxy, Solar System
plus Vaccine Billy is there as well…..
Mr Copper
Re Made Off
He was supposed to be investing in the SM…yet during all the time JP Morgan had him as a client, years and years, he never transferred any money to a brokerage account, or received any money back and JP Morgan never questioned him, why !!!!!
Caledonia Mining
Also, NO Debt!!
Caledonia Mining
Thanks ipso facto for including Caledonia Mining in your updates.
I have owned Caledonia for many years. Started paying dividends 10 years ago.
Strong Management. Small number of shares outstanding. Large percentage of inside share holders.
Large mineral base. Less then $800. p/oz mining cost.
In my opinion this is a Blue Chip.
The fall of USD, The Global Reserve Currency, will be worse than Theranos, Madoff, FTX and Covid Combined as Mr. Copper’s probes mount
Lets hope it doesn’t happen before we kick the bucket. But if it does happen first, lets hope it happens soon, so we don’t miss show. And the big profits on Gold, Junk Silver coins and related miners.
Re We Have An Abnormal Financial; System: The fall of crypto exchange FTX is ‘worse than Theranos, worse than Madoff’ as federal probes mount
John Reed Stark, the founder and former chief of the SEC’s Office of Internet Enforcement, pointed to reports that FTX transferred client funds to trading house Alameda earlier this year.
“This is worse than Theranos, this is worse than Madoff, if what I’m reading is true,” he told Yahoo Finance on Thursday, a day before FTX and its affiliates filed for Chapter 11 bankruptcy.
In January, a jury found Theranos founder Elizabeth Holmes guilty of defrauding investors out of hundreds of millions of dollars. In 2009, Madoff pleaded guilty to a Ponzi scheme that defrauded tens of thousands of investors of as much as $65 billion.
Stark noted “sophisticated” FTX investors have had to write down their holdings, even after performing due diligence on its financials.
On Thursday, Venture capital firm Sequoia Capital informed its partners that it wrote off its entire $213.5 million investment in FTX as a complete loss.
Bernie Madoff II? FTX crash is eerily similar to the Bernie Madoff scandal
part:
Sheila Bair, a top regulator during the 2008 financial crisis, told CNN there are eerie similarities between the dramatic rise and fall of Bankman-Fried and FTX and that of infamous Ponzi scheme mastermind Bernie Madoff.
Bair notes that 30-year-old Bankman-Fried, like Madoff, proved adept at using his pedigree and connections to seduce sophisticated investors and regulators into missing “red flags” hiding in plain sight.
“Charming regulators and investors can distract [them] from digging in and seeing what’s really going on,” Bair, who chaired the Federal Deposit Insurance Corp. from 2006 to 2011, said in a phone interview on Monday. “It felt very Bernie Madoff-like in that way.”
Long before his Ponzi scheme collapsed, Madoff was known as a wizard on Wall Street. He was the former chairman of the Nasdaq Stock Market, served on Securities and Exchange Commission advisory panels and managed money for the rich and the famous.
For his part, Bankman-Fried was a top campaign contributor to Democrats in the 2022 election cycle.
https://www.cnn.com/2022/11/15/business/ftx-madoff-bankman-fried-bair
Where do I send it? ………………………………. More than one million creditors!
Bankman-Fried Trying To Raise Fresh Capital As Bankruptcy Lawyers Reveal More Than One Million Creditors