https://finance.yahoo.com/quote/KBWB?p=KBWB&.tsrc=fin-srch
Invesco KBW Bank ETF (KBWB)
Pre-Market: 08:00AM EDT
RECAF in a tear today, up 25% 🙂
30%…
…ended the day up 36.5% (!)
China and Taiwan
But this is a possibility with the current weak administration who thinks there all that with nothing to back it up but name calling.
More than getting your chips in order but antibiotics, otc pain killers, or anything else coming from China because they blew our security when they let or drive so much out of the country.
Not to mention I’m sure we’ll be sending Taiwan money too meaning more printing.
at least on most of the shares I have. I hope that means that we’re getting near a bounce
I think we need to pray for a really, really weak jobs report tomorrow. Something, anything to knock the USD out of rhythm.
I guess the ADP numbers came out. 132K jobs added in August. We’ll see if this helps, but I think we almost need a negative number. They say the economy is slowing.
Ps Not saying these people are scamsters but there not looking at a particular stock or its valuation or potential.
So choose well 🙂
Developed by Larry Williams, Williams %R is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.
Readings from 0 to -20 are considered overbought. Readings from -80 to -100 are considered oversold.
Williams %R reflects the level of the close relative to the highest
Yeah the stocks are cheap but what stocks will have the most value in this coming disaster the demos put upon us so what is the value?
It’s is deteriorating is why it’s cheap? Who’s running it?
Is there a demand for it’s product? Or is it a current bet they will but haven’t yet. That’s what people tend to do with gold stocks is bet they will instead of waiting till verification looking for the low. That’s why the explorers get pounded in speculation buying who don’t even have sales or small producers with limited supply and only go up in sympathy when demand is high.
So until validation and don’t listen to advice
you could play the short term bounces. I just don’t want to see good people get cheated out of what they made for themselves to scamsters. We got enough of that going on it politics right now.
Unless there experts more people lose more money on other people’s advice or when they’re selling you something than they would of on their own observations or instincts. Going long in the market starting young you’d do okay except maybe the PM market less all big producers. You might give the equities back over and over but at least you got dividends and goes higher each time.
When your older you don’t have that time.
You should already be set. In this market it’s not for retirement it’s a get rich quick mentality that goes on intimately because every time it reaches a target here comes the to da moon don’t sell yet.
Just like they did go the housing before 08 crash. Don’t sell yet its going higher because they wanted to Refi everyone and get their cut of these people equity. I’d say don’t give a bout what other people think. They don’t pay your bills. Not saying you can’t read what they think as long as it doesn’t influence you.
If your gonna go with someone else’s advice I’d say go with the monkeys. I looked for them but I think they’re hiding their picks until the end of the year.
The monkeys beat Wall Street every time.
I think some of them were even making bets against them. Lol
So what does that say about advice.
A couple things—I just got this from a very good friend who runs $200 mil. For a family office—he is not
Usdx is soaring again. Coming off it’s highs now. Some other currencies are nearing or on support. Dare we hope?
Maybe all our thieving politicians think they’re going to end up in luxury in Switzerland or Dubai after the USA is destroyed.
Re: The Market … I’m assuming the fetal position under my desk. ![]()
The RINO’s and Demonrats are stealing everything that is not nailed down, always happens before the collapse.
Speaking of collapses, silver is trying to come back. Amazing considering the USD strength and jump in the 10 year.
Edit: Curiously enough, the USD is giving up a little ground…
US to Ukraine “Here’s 100 billion”
US to Pakistan “Here’s 8 billion”
US to Israel “Here’s 3.8 billion”
US foreign aid “Here’s 47 billion”US to Americans “Sorry you lost your home. Sleep in your car.”
— Kim Dotcom (@KimDotcom) September 1, 2022
New NY gun law applicants have to provide social media accounts
NEW YORK – A new gun law that goes into effect in New York on Thursday will require applicants for a concealed carry permit to provide a list of social media accounts for the past three years as part of the review process.
State regulators will be able to browse the applicant’s social media posts to decide if a person has the “character” to carry a weapon.
https://www.fox5ny.com/news/new-ny-gun-law-applicants-have-to-provide-social-media-accounts
Seville is probably right from a technical standpoint. I didn’t think we’d collapse like we have in the shares and silver. Gold is just collapsing more slowly.
You’ll probably bank buying in here, just a matter of when.
I suspect banks are seeing defaults on the rise. If 1 in 6 homes can’t pay electricity, they sure aren’t making auto payments on other things.
https://finance.yahoo.com/quote/KBWB?p=KBWB&.tsrc=fin-srch
Harmony’s (HMY) Earnings Down, Revenues Increase Y/Y in FY22
https://finance.yahoo.com/news/harmonys-hmy-earnings-down-revenues-123612679.html
Wesdome Announces Amendment to Increase and Extend Credit Facility
https://finance.yahoo.com/news/wesdome-announces-amendment-increase-extend-203000044.html
Lundin Mining Announces Updated Share Capital and Voting Rights
https://finance.yahoo.com/news/lundin-mining-announces-updated-share-210000328.html
METALLIS COMMENCES DRILLING AT KIRKHAM
https://finance.yahoo.com/news/metallis-commences-drilling-kirkham-130000700.html
CMC Intersects CRD Mineralization at Silver Hart, Yukon and Identifies the Presence of Gold and Copper in the Mineralizing System
https://finance.yahoo.com/news/cmc-intersects-crd-mineralization-silver-133000387.html
McEwen Copper Completes Oversubscribed US$81.85 Million Offering Including a $25 Million Investment by Nuton, a Rio Tinto Venture
https://finance.yahoo.com/news/mcewen-copper-completes-oversubscribed-us-182200459.html
Benchmark Metals Announces $16.0 Million Brokered Private Placement Financing
https://finance.yahoo.com/news/benchmark-metals-announces-16-0-200200943.html
New Found Intercepts 18.95 g/t Au Over 5.75m in Near-Surface 60m Step-Out at Keats North and Provides Exploration Update
https://finance.yahoo.com/news/found-intercepts-18-95-g-103000795.html
MacDonald Intersects 0.41% Copper Equivalent (CuEq) over 90.44 m at Alwyn including 3.99% CuEq over 3.20 m; Visible Gold in all Drill Holes at Glade
https://finance.yahoo.com/news/macdonald-intersects-0-41-copper-113000439.html
Eskay Mining’s Maiden Scarlet Valley Drilling Commences
https://finance.yahoo.com/news/eskay-mining-maiden-scarlet-valley-120000849.html
VIZSLA SILVER ADVANCES ESG INITIATIVES AND PROVIDES CORPORATE UPDATE
https://finance.yahoo.com/news/vizsla-silver-advances-esg-initiatives-120000164.html
Kootenay Silver Drills 574 gpt Silver and 2,330 gpt Silver in D and F Veins Respectively at Columba High-Grade Silver Project, Mexico
https://finance.yahoo.com/news/kootenay-silver-drills-574-gpt-120000981.html
Sarama Resources – New High-Grade Mineralisation Discovered
https://ceo.ca/@accesswire/sarama-resources-new-high-grade-mineralisation-discovered-c91b6
Nighthawk Gold Reports 2.91 g/t Au over 54.35 metres at the 24/27 Deposit and 3.02 g/t Au over 20.25 metres at the Grizzly Bear Deposit within the Colomac Centre Area
https://ceo.ca/@businesswire/nighthawk-gold-reports-291-gt-au-over-5435-metres
Sanu Gold Defines Extensive Gold Anomalies from Termite Mound Sampling at its Bantabaye Gold Exploration Permit in Guinea, West Africa
https://ceo.ca/@newsfile/sanu-gold-defines-extensive-gold-anomalies-from-termite
Silver Bullet Mines Corp. Begins Processing of Higher Grade Ore
https://ceo.ca/@newsfile/silver-bullet-mines-corp-begins-processing-of-higher
Guanajuato Silver Provides Operations Update
https://ceo.ca/@accesswire/guanajuato-silver-provides-operations-update
ASANTE ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT FOR THE BIBIANI GOLD MINE
https://ceo.ca/@globenewswire/asante-announces-filing-of-ni-43-101-technical-report
Aton announces new discovery at the West Garida prospect, drilling 41 g/t Au and 263 g/t Ag
https://ceo.ca/@globenewswire/aton-announces-new-discovery-at-the-west-garida-prospect
Canagold Resources Arranges $4M Financing
https://ceo.ca/@businesswire/canagold-resources-arranges-4m-financing
Volcanic Gold provides update on activities in Guatemala
https://ceo.ca/@thenewswire/volcanic-gold-provides-update-on-activities-in-guatemala
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WASHINGTON, Aug 31 (Reuters) – U.S. private payrolls increased moderately in August, according to the ADP National Employment report, which likely exaggerates the slowdown in the labor market as government data continues to point to strong demand for workers and very tight conditions.
Private employment rose by 132,000 jobs in August after increasing 268,000 in July, the ADP report showed on Wednesday.
Oil back down after mounting a comeback.
Heard Stephanie Pomboy say she’s out of the market and holding cash, gold.
If she and Egon are right. This will be devastating. One thing Egon said that was disturbing, he said gold won’t ever go up it will just provide stable purchasing power. What the hell happened to his $50 – $100K prediction?
Adios $1700
5th day in a row down, GDX has already lost 10% in the last 4 days.
I’m with you folks thinking the whole house of cards is collapsing. Unfortunately, pm’s are leading the way down.
If the DOW is 31K, where will pm shares be if the DOW goes back to 10K? Probably bankrupt.
I’m ready to throw in the towel so hopefully that’s a good sign.
The Blue Chip miners BHP and RIO are breaking down again despite the dividend which no doubt will be cut.
Better buckle up now and be in the real things PDQ….and that is silver and gold! Not paper silver and gold, the real thing!
Remember the big Nickle issue at LBMA a couple of months ago ?
Well , since then PM’s in huge quantities are moving into vaults instead of promissary notes !
Trust is gone.
Our day is approaching .
Been getting information on the 87 thousand IRS workers under the inflation reduction plan.
Inflation reduction= tax collectors?
That this is said will not occur all at once but within 10 years. That 50 thousand IRS are going to retire within the next 10 years That leaves about 37k extra tax collectors within 10 years. We know that about 50 percent of the people they audit make less than 75 thousand. So out of the extra 37 thousand we can guess about 50 percent will not be auditing those over 400K but less.
The current government knows its spending more than its taking in.
We know there’re raising interest rates to combat the inflation they caused on Government expenses, spending and printing over budget. We know they can’t pay even the interest on the debt with raising interest rates.
It’s not like the 1980s interest rate hikes when we were more financially sound.
We also know we can’t depend on them to stop printing.
So it is what it is. They plan on not just going after those over 400K who didn’t pay or pay enough taxes, but small businesses , average citizen making under 75K, raising taxes and attempting to eliminate loopholes of both small businesses and big corporations like Amazon to raise money to pay off their debts. Inflation reduction by taxes.
No mention about those who took out PPP’s during the Covid outbreak who didn’t need it.
So on top of everything else will they keep inflating and like they did before Trump drive business right out of the country again?
People with businesses and assets will need good tax accountants that know the expenses, deductions along with the current documentations they may not be aware of and changes that will occurs over time so there no surprises.
little red CCP badges Lol
I got a idea for desperate times. Before the end of the year if you have any shares left sell them, then buy them right back or switch half to other sectors you think will survive. Claim the tax loss for next year to ward off all those new tax sharks out there. But when you sell them next time of we live that long you’ll get taxed more them buying low.
People know to buy low sell high but when it comes down to do it they never have the stomach for it.
I’m looking to start accumulating divi stocks and maybe even buy some oil stocks by the end of the year to go long. It depends but I can’t see this rabid party doing the right thing anytime soon. Maybe used car sales companies or pick and pulls in California.