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Loading ...Ag down 14 out of 15 days and accelerating to downside……….on what news, other than the Rig.
and being hit after hours….do they imagine an Indian Lady will give up her jewelry, because of their games, or a Chinese hoarder, while the Fat Man threatens his family !!!!!
“Among the 16 analysts surveyed by Thomson Reuters, estimates ranged from a loss of $1.69 to a gain of 23 cents, and revenue estimates range from about $2.28 billion to $3.25 billion.
According to Thomson, Telsa posted a loss of $1.45 a share on revenue of $1.15 billion in the same quarter last year.”
http://www.cnbc.com/2017/05/03/tesla-first-quarter-2017-earnings.html
Comment: Is this the news that Fall St hated to hear?
I know where I would put one of those Horns into the scum….they would not sit down for a while !!!!!!!
right down the shitter.
Looks like the only thing that was mispriced besides the shares was the stock market as it should always be higher.
What a joke.
DOJ Probing Goldman For Rigging Treasury Auctions
the charge is that Goldman, one of the 23 US primary dealers, won almost all Treasury bond auctions from 2007 to about 2011 even after the Treasury department established safeguards to maintain competitiveness
http://www.zerohedge.com/news/2017-05-03/doj-probing-goldman-rigging-treasury-auctions
Hardly surprising, as they probably told the Treasury what coupon price they wanted according to their book…
scums problem here is that they ain’t triggering stops….looks like phys buyers are saying thankyou.
Plus their beloved SM is not rallying on the Dlr bid.
I’ll be on watch! 
and guess what, it is PM bearish, dollar and SM bullish… the scum don’t even try to hide the Rig anymore.
Either the metals and the USD or the shares.
I suspect we’ll find out in about 15 minutes which one.
Hookers and Blow: The Only Real Metric in the Junior Mining Industry
snip
Management: there’s one of the best metrics in a junior. Who are they, have they done it before, do they treat shareholders with respect, how transparent is their reporting, have they been able to raise capital on other occasions, how do they react in difficult times, how do they manage risk, is it a balanced team?
The last two items actually fit together into my favourite metric for the juniors, and it’s pretty basic: how does management spend the shareholders’ money? Is it like 2012, blowing it out the doors because it seems like fun, or is every day (even in the good times) like 2016 with a vice and velcro holding the purse strings tight? Does the money go into the ground, with a reasonable amount for overhead and management and marketing, or is there a disproportionate amount being paid out to promoters, investor relations teams, management and directors?
There’s someone in the public markets in Canada infamous for his phrase “hookers and blow”. He helps companies raise a fair bit of capital, but chooses to spend an unreasonable amount of it on illegal marketing involving women of negotiable virtue and illicit drugs. The phrase “hookers and blow” has become shorthand for “management is wasting the shareholders’ money on management”. That is in our opinion the best metric by which to measure the juniors.
How much is management getting paid? Are they continually issuing options to themselves at a discount to the market, and then bid-banging to get the cash to exercise the options? Does management rent its own space to the issuer (which is OK if disclosed) at a premium to the local real estate market (not OK)? Does management have irrational termination fees? Whose family is on payroll? Does the CEO answer shareholder phone calls / emails or do they get pawned off on a paid minion? How much is going to third party promoters for a short term ramp-up in the share price vs long-term investments in the data?
Right now, the cyclic mining market is emerging from hibernation, with the good times on the horizon. If the market were a calendar year, we’d be in March. It’s time to pay attention to Warren Buffet’s quotation and to be highly intelligent with your investing dollars. Invest in the mining assets and the management team – don’t get fooled by the hookers and blow.
It never ends, disgusting
Maddog – yeah I think there’s a fair chance we bounce. The guys holding up the shares always seem to have the inside scoop about what the metals are going to do. Silver shares holding up pretty well too.
Who the hell knows?
Ipso – so true
Why ya picking on Fakebook dude? I learns lots of crap from the site. I see my friends and generally I try not to piss them off. I’m easy go lucky. No real sense trying to educate people with my thoughts there. I will say Fakebook has really helped me out. I strongly dislike distant dumb cousins and my idiot brother in laws too. It really helps expose people’s sincere stupidity. But honestly I save lots of excellent articles and I participate alot in private groups. I work from home and some of my aunts have questioned why they always see me online. I don’t really troll Fakebook, I just love interacting with kind hearted like-minded individuals
“The problem is, of course, that not only is economics bankrupt, but it has always been nothing more than politics in disguise.”
Hazel Henderson
I’m not starting a new business, despite having a few of them in my back pocket. I won’t take business risk, I won’t create jobs and I won’t hire. It won’t be all that long before I tire of paying that outsized internet bill and chop that too, since most of it is there so you can consume this — then immediately discard the mathematical truth of it all as unworthy of action or response. I won’t entice my offspring to do something that is financially suicidal.  I will evade every bit of the scam to the maximum legal extent available to me, and I’ll evade all the people involved in it too, with my middle finger erected in their face if they won’t take the hint.  I won’t partake of the medical and educational scams you all explicitly and implicitly support and I will label every one who sits on their ass or preens on Facebook a scum-sucking bastard unworthy of the air consumed. If I require medical attention and can ambulate to somewhere it can be provided at a rational cost I’ll go there and deny all of your cronies a single penny of my money.  If I can’t for whatever reason then I accept death and will use my last breath and beat of my heart to give everyone in both areas of this scam — along with all who silently refused to act — a big fat bird.
Let me know what your decision is but remember the words of Rush in “Free Will”:
If you choose not to decide you still have made a choice.
I’ve made mine and now it’s your turn to make yours.
let me guess, they just have to test this line. Anyone else in the world would go bananas with all the damn shenanigans we deal with on a day to day basis.
I changed my mind, you know they have to eff with the bugs so $16 test instead
I think u may be right about the bounce, after Fed etc…mkt is so oversold here, it shud have bounced ages ago, were it a real mkt.
Maybe the Fed will cause a turn, by being doveish, there is little to be hawkish about and the debt situation needs higher rates like a hole in its head.
Plus as R640 says, the shares are relatively v strong here. Hell GDX is UP…where is the seller I wonder ???
but most likely not a bullish divergence
