OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

It’s official: The virus is a non story as far as stocks are concerned-time to move on.

Posted by Richard640 @ 23:46 on February 10, 2020  

it’s hard to imagine what could possibly end America’s decade-long shopping binge or even slow it down.

Posted by Richard640 @ 23:44 on February 10, 2020  

THE MORNING LINE

Either Drink the Kool-Aid or Shut Up 

Wall Street and the conference room at Goldman Sachs are apparently the only places on earth where no one seems terribly worried about the growing spread of coronavirus. Crazed investors have driven U.S. stocks into a nearly vertical ascent that will soon push the Dow Industrials to 30,000.  Over at Goldman,  a couple of heavies are predicting the virus will not have much impact on the global economy and even less of an effect on America’s consumption-driven, debt-financed GDP. Tell that to China, India, Canada, Africa and a dozen other countries where officials are bracing for a dramatic slowdown. Read more about it  at ZeroHedge.  Complicating the picture for U.S. stocks is the fact that they are being viewed as a haven asset by foreign investors. Just what stocks needed 11 years into a very mature bull market that could use a rest, even in the estimation of the most wildly bullish fund managers. There is also the problem of a very strong dollar that is certain to hurt the earning of U.S multinationals for the foreseeable future. Even so,  We’ll find out eventually, of course, but for now it’s either drink the Kool-Aid or enjoy the show from the sidelines.

Bit Coin and the Dollar taking a Moon shot

Posted by Ororeef @ 21:45 on February 10, 2020  

where does that all end ?

Lying Dog Faced Pony Soldier

Posted by commish @ 20:32 on February 10, 2020  

This one sells for 2 cents with a $6 million market cap. They’re on an island which is a negative. When the Bull really gets going there’ll be money to be made in this kind of stock.

Posted by ipso facto @ 17:17 on February 10, 2020  

Redstar Gold Announces 395,825 Gold Eq Ounce Resource grading 14.2 g/t Gold Equivalent on Part of the SH-1 Gold Zone at the Unga Project, Alaska

https://www.redstargold.com/news/2020/redstar-gold-announces-395-825-gold-eq-ounce-resource-grading-14.2-g-t-gold-equivalent-on-part-of-the-sh-1-gold-zone-at-the/

Buygold-Captain-Maddog el al.==there is only one diagnostic clue that lends some hope for the bear case today

Posted by Richard640 @ 15:04 on February 10, 2020  

That is that the 30 yr bond and 10 yr treasury are near their highs of the day and very well bid….otherwise it seems like the stock market has “gotten over” the virus and is on its way-once again–to get back ti its task of running the DOW up to 30K-35K

https://futures.tradingcharts.com/marketquotes/ZN.html

to a lesser extent gold snd silver provide, perhaps, a yellow lite for the bulls–both up modestly today

Does this satellite image show the scale of China’s coronavirus cremations? Sulphur dioxide emissions which are produced when bodies are burned reach alarming levels in Wuhan

Posted by ipso facto @ 14:43 on February 10, 2020  

https://www.dailymail.co.uk/news/article-7986553/Does-satellite-image-scale-Chinas-coronavirus-cremations.html

Treefrog

Posted by deer79 @ 14:03 on February 10, 2020  

I hope so too!

svm

Posted by treefrog @ 13:54 on February 10, 2020  

getting a little bounce.  lets hope it’s not a dead cat.

 

re Ban on Broker Fees for Renters NYC

Posted by Mr.Copper @ 12:56 on February 10, 2020  

Another Middle Man bites the dust?

part:

In New York City’s competitive rental market, tenants are often required to pay a fee, sometimes up to 15 percent of the annual rent, to a broker even if they found the apartment on their own by using websites like StreetEasy and Craigslist.

For a $2,000 per month apartment, a broker’s fee could reach $3,600, which would have to be handed over when a lease was signed.

Few cities in the United States have a similar network of brokers who collect fees from renters and control everything from listings to appointments to leases. Elsewhere, landlords either handle the marketing and leasing of units, or pay a broker to provide that service.

more:

The Fed. Pumps Yet Another 38.2B Into The Markets.. ITS OVER AND YOU LOSE=they do this daily TO PUSH MONEY INTO THE STOCK MKT

Posted by Richard640 @ 12:55 on February 10, 2020  
What is happening is unprecedented. Factories are shut in china, shops closed, but stock price goes up. For the first time, there is no need for a functional underlying real economy for stocks to go up. Factories, shops, labour, goods is now an overhead expense that can be done away with.
The 10TY is lower than the 1M

The Fed. Pumps Yet Another 38.2B Into The Markets.. ITS OVER AND YOU LOSE. Mannarino https://www.youtube.com/watch?v=N_2J9F6p6CI&feature=em-uploademail

 

Thanks Captain-Amazon stock buyers unfazed that Bezos sold $4 billion last week–Amazon up $42 as I write.

Posted by Richard640 @ 12:39 on February 10, 2020  
Amazon CEO Jeff Bezos‘ stock sales reach nearly $4B over past weeklatest filings show. Update, Feb. 7: Bezos soldanother 283,632 shares Friday, worth more than $579 million, according to new filings. This brings the total to nearly $4 billion over the past week.How much of China is in quarantine and how long will it last? 
Wait another three weeks, when the numbers are much more dire than reported, China shuts down completely, and the sheeple panic sell stawks. No amount of FED money will stop the implosion in that case.
 

2 percent gdp growth on a $20 trillion dollar economy is $400 billion…add in a $1.2 trillion annual debt (reported) and you have negative gdp growth of 4 percent a year for the last ten years at least.  that’s a 40 percent reduction in purchasing power over the last decade alone.  Statistics are the most easily manipulated game in town.

 
 
45 minutes ago

Ya, greatest ever? The participation rate on the numbers are still below the great recession numbers. Here is the M2 Money Velocity number that shows you basically how fast a dollar changes hands in today’s economy. And yes, the constant stream of propaganda is at deafening levels and especially by the Whitehouse and the morons on CNBC and Bloomberg. Does it look busy to you?
But…but…Foxconn just reopened with 10% of their employees.
To the moon and all is green
 
The sheeple stopped mattering on the stawk “market” a long time ago. Their chicken scrap paychecks can never compete with the banks front of line access to unlimited QE/REPO.

Richard640 @ 10:52

Posted by Captain Hook @ 11:57 on February 10, 2020  

Ya looks like Trump gave the order for no down stock market with the election year.

Good luck with that.

That said, the SPX just triggered a buy signal projecting to 3450ish.

The shorts are getting creamed as the economy is imploding with the virus.

Talk about a dangerous situation.

If the institutions ever stopped buying protective puts and / or the specs finally throw in the towel this thing could implode election or not.

We will see.

Cheers

10:49am–Hmmm…bonds still green…maybe this rally’s a Fugazy…good I bailed….my options have collapsed

Posted by Richard640 @ 10:52 on February 10, 2020  

The rally looks solid otherwise…

Might as well jump off a bridge

Posted by ipso facto @ 10:16 on February 10, 2020  

Barrick denies Freeport tie-up in the works

Barrick Gold (NYSE: GOLD) is not looking to merge with copper miner Freeport-McMoran, CEO Mark Bristow said on Thursday, although he is interested in the company’s Grasberg mine in Indonesia, and indicated he wants to expand in the Pacific Rim.

Rumours the world’s second-largest gold miner planned to combine with Freeport are “completely wrong,” Bristow told Reuters on the sidelines of the Mining Indaba conference in Cape Town.

But he said he was interested in Freeport’s Grasberg mine in Indonesia – the world’s largest gold mine, and second-largest copper mine.

“People say, are you interested in Grasberg? I say I have to be, it’s a tier one asset,” he said. Tier one assets refer to high-grade, long-life mines.

Barrick denies Freeport tie-up in the works

OceanaGold Announces its 2020 Guidance

Posted by ipso facto @ 9:59 on February 10, 2020  

https://finance.yahoo.com/news/oceanagold-announces-2020-guidance-064600209.html

I got eyes…I seen that across the board buy program hit…I’ll be looking to sell this bounce if conditions warrant it.

Posted by Richard640 @ 9:41 on February 10, 2020  

FilledSell to Close44VXX Feb 14 2020 16.0 CallLimit0.16—-09:33:48 02/10/20

FilledSell to Close44VXX Feb 14 2020 16.0 CallLimit0.16—-09:33:48 02/10/20

FilledSell to Close3VXX Feb 14 2020 16.0 CallLimit0.17—-09:33:47 02/10/20

FilledSell to Close76VXX Feb 14 2020 16.0 CallLimit0.16—-09:33:48 02/10/20

FilledSell to Close3VXX Feb 14 2020 16.0 CallLimit0.17—-09:33:47 02/10/20

FilledSell to Close53VXX Feb 14 2020 16.0 CallLimit0.17—-09:33:47 02/10/20

FilledSell to Close18VXX Feb 14 2020 16.0 CallLimit0.16—-09:33:48 02/10/20

FilledSell to Close9VXX Feb 14 2020 16.0 CallLimit0.16—-09:33:48 02/10/20

Ding-a-ling.. Jeff Bezos Sells Over $4 Billion Of Amazon.com Stock last week

Posted by Richard640 @ 9:10 on February 10, 2020  

Futures suddenly moving down fast…DOW down 91…”they” had me sweating bullets…who said trading was easy work?

Fungers crossed….

Image result for fingers crossed

A good read

Posted by Richard640 @ 8:58 on February 10, 2020  

THE MORNING LINE

Could It Possibly Get Any Better?

Could it possibly get any better?  Trump has shrugged off impeachment and taken a well-earned victory lap, the Democrats are headed for a landslide loss in November, and the U.S. consumer economy is hitting on all twelve cylinders, powered by shop-till-you-drop exuberance that has made even the ongoing, trillion dollar writedown of shopping malls a relatively niggling concern. There are job opportunities for every American who wants to work, and real wages are rising for blue collar jobs. As for the stock market, it is not merely at a permanently high plateau, as it was famously described in the halcyon days of the Jazz Era; it continues to rampage skyward without ever selling off for more than two consecutive days. Third-day bets on the pass line haven’t enjoyed such surefire odds since Secretariat bolted out of the gate in the 1973 Belmont.

A Bull’s Checklist

Just look at Tesla, the feistiest stock of them all.  The price of a single share recently came within an inch of $1,000 (shades of RCA, aka ‘Radio’!) after nearly quadrupling since October. Some analysts are saying the stock eventually could hit $6,000.  Need more reasons to be crazy-bullish? Here’s a checklist from John Jay, who posts regularly in the Rick’s Picks forum: 1) easy access to low interest car loans — “No job, No credit, No problem!”; 2) a vast ‘off the books’ business universe; 3) 22 million people working for some level of government, almost twice the number working in manufacturing; 4) God-knows-how-many-people from #3 above now retired with great pensions/healthcare + COLAs; 5) the “Port Royal” effect, as buccaneers from all over the globe come here to buy mansions and kick back; 6) easy access to HELOCs for those home equity to burn; and, 7) Silicon Valley-types cashing in on stocks, options, IPOs from their cash-burning, publicly traded corporations.

Contrarian Alert!

All of which has led me to recommend, in contrary fashion, that subscribers sell the S&P 500 index short if it falls from last week’s record peak at 3348 to a certain price not far below. That would trigger an ‘rABC’ sell signal, according to the proprietary rules of the Hidden Pivot Method, generating a position with the potential to make money even if the S&Ps eventually go on to achieve new record highs. The signal works more or less mechanically, but in this case I’ve added a smidgen of instinct in order to go gently against my own rules.

My concerns about coronavirus played a role in this recommendation, since the potential of the disease to put the global economy in recession is, in my opinion, being seriously underestimated.  Even if I am wrong and the spread of the virus is checked, we won’t know it for probably another month or two. Under the circumstances, the stock market, priced for perfection at these levels, seems like a risky place to be. Bear markets do happen, and they usually seem to come out of nowhere. If one were to kick in now, queering Trump’s sunny re-election odds, the Dow could find itself at 10,000 not long after some rancid flavor of Socialist takes the oath of office on January 20.

Ruh Roh

Posted by Buygold @ 7:18 on February 10, 2020  

TSLA is back above $800 this am – up over $60

I see the PPT was busy overnight, making sure the markets looked less scary by morning

Typical action – no panic to be found anywhere.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.