GoldTent Oasis is dedicated to our friend and founder John F. Murphy (Wanka) of Key West, Florida without whom this website would not exist. Gone but never forgotten.
ENTER ~ Post by the Golden Rule. Gentlemanly conduct is the attire of the day. GoldTent Oasis is not responsible for content or accuracy of posts DYODD. ~~~~~~~
The action on Friday was awful…there is a chance. that even with a weakish number they either limit gold to a few buck gain or actually sell it of 10 or 20 bucks…whatever happens, it’s an exciting day!
Chief Executive Officer Christian Sewing is poised to adopt a sweeping restructuring plan focused on as many as 20,000 job cuts worldwide and a pullback from large areas of investment banking, the people have said. The bank may shutter U.S. equities trading entirely and a number of senior executives including U.S. chief Tom Patrick are leaving the bank, they said. The bank hasn’t yet detailed the cuts or how they’ll be distributed.
Chief Executive Officer Christian Sewing is poised to adopt a sweeping restructuring plan focused on as many as 20,000 job cuts worldwide and a pullback from large areas of investment banking, the people have said. The bank may shutter U.S. equities trading entirely and a number of senior executives including U.S. chief Tom Patrick are leaving the bank, they said. The bank hasn’t yet detailed the cuts or how they’ll be distributed.
Actually gold needed more of a time out sitting on the bench-that helps it get its [RSI] overbought situation in better shape–Alex Batmusky, a J.P. Morgan bond trader said “an absolutely blockbuster number would be. required to get the FED to not cut at the July meeting” Here is the supporting documentation from a most reliable source–none other than J.P. Morgan–if they’re betting on. a rate cut, then this jobs report is nothing to worry. about=
J.P. Morgan Asset Buys Bonds Mulling Fed at Zero, Return of ECB QE
(Bloomberg) — JPMorgan Asset Management is buying Treasuries and Italian bonds betting the Federal Reserve will cut interest rates multiple times this year and European policy makers will resume quantitative easing.
The $1.7 trillion money manager is snapping up U.S. five- and 10-year notes as it predicts slowing inflation and global trade tensions will convince the Fed to lower its benchmark by 75 basis points this year. Italian bonds will be one of the major beneficiaries if the European Central Bank restarts debt purchases, said Seamus Mac Gorain, head of global rates in London.
Italy Attractive
JPMorgan has turned constructive on shorter-maturity Italian bonds, including five-year securities, in a bet they will be boosted as the ECB resumes debt purchases.
1977 footage… cool. I saw Joe & The James Gang at Asbury Park, New Jersey in 1972. My claim to fame is..,, I once outbid WB6ACU on eBay for a JW Miller tuning coil for an antenna tuner. Of course I paid too much. He stopped at a rational price.
put up with and how it will look by morning–I guess we can expect the usual holding silver to a penny or 2 gain…I hope we don’t repeat Fridays “gain” that saw JNUG DOWN on the day,,,
Glad they’re building the buildings better. Kern has awesome fishing and water rafting.
Unusual to have a summer quake.
Glad there getting over it before I head down to Disney.
Up here a lot of rivers and lakes for the forth I went on one mellow river ride or though where you kick back and can have drinks.
Instead a lot of young out there with powerful squirt guns attacking people with ice cold water and having water fights.
To make it worse one of my friends had Ptsd VN and scared some guy so bad he jumped out of his boat and hid. Some idiot threw water on him knocking of his expensive sunglasses and wasn’t young and in a flash got hit with a beer before I could even react to the water Just one of those roudy areas in mostly a good way still at lot of patriots.
This Folsom here people will be hanging out too. This isn’t happening now but the beauty of this area.
They have s new bridge with a giant Flag the biggest I’ve ever seen. Those offended don’t cross.This is the old bridge.
when the socio-commie-libtard-left AND THE DAMN PRESS finds an excuse to diss the President of the US for a patriotic parade on this country’s ‘Independence Day’.
We need to be independent from these country-destroying idiots. We need a deep state regime-change to get rid of these cancerous, traitorous Demo-liberals!
Trotting out a ‘veteran’ who says he supports veterans, but NOT the President and his parade??! Beyond the pale.
Oh, yeah…. best wishes for a Happy Independence Day for any true patriots left out there. Please shove a big firecracker up the nearest libtard for me.
Id rather have $11.50 at risk than $59.00 at risk in a falling cycle,reverse splits never happin in a rising stock always a falling stock.Its great for the short sellers .REAL dollars are at risk ,not % dollars.Run as fast as you can from any reverse split.this cycle down bottom looks like $35.00 ,,those are real dollars ,not theoretical.jnug is always a wasting asset ,just like a Gold mine ! You only make money by catching cycles on the up swing .Its a mathematical certainty the day of the split is its inherent top ,after that its a wasting asset ,so wait till the next cycle bottom before buying,dont fight the trend.and never ,ever buy after a reverse split in a stock with NO earnings …..theres nothing to hold the price up .New buyers wont touch a $59.00 stock with no earnings ,but will buy an $11.00 stock because of the DOLLARS at RISK.NEW buyers view it very different than those already in pre split.$59.00 is a much harder sell than $11.50 …Its the DOLLARS at risk,not the percentage..
In this chart each successive bottom has been lower ,I wouldent be a buyer here,not until I see a change in direction probably around $35.00 or lower.The chart will tell me ,I dont guess.but in any case there are fewer buyers @ $59.00 than $11.50 pre split.Deeper pockets needed.I did trade jnug successfully before ,I avoid now ..
It kind of looks like a crack, doesn’t it? But I seriously doubt it is. This is the double-track transcon mainline of the Santa Fe, and I’m sure it is structurally inspected regularly. The white color suggests to me it might be calcium deposit on the surface.
JNUG’s 7th split took place on June 28, 2019. This was a 1 for 5 reverse split, meaning for each 5 shares of JNUG owned pre-split, the shareholder now owned 1 share. For example, a 50 share position pre-split, became a 10 share position following the split.
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JNUG closed at $59 yesterday–divide that by 5 and you get
59 / 5 = $11.80
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that seems too cheap—how is it overpriced? I must be missing something–could u please explain what you mean? TIA
U.S. stocks continued to hit new highs via this ratio until the most recent high in September 2018. This represented a seven year equity bull market of historic proportions, but since last fall the ratio has consistently lagged nominal highs in stocks as you can see in the chart below.
What I find so interesting about the above chart is that both of 2019’s new record highs in the U.S. equity market came at considerably lower levels in the SPY/GLD ratio compared to last fall’s high. In fact, today’s SPY/GLD ratio is not just 14% below where the ratio was during last September’s stock market high, it’s also 3% below the prior equity market high in May.
Did you see low IQ AOC condem threats to this child. But but but she cares about children right.
Mini AOC last imitation should of went ” Mirror mirror on the wall, who’s the fairest of them all Mirror says it’s mini AOC. AOC sends out the henchmen.
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Id rather have $11.50 at risk than $59.00 at risk in a falling cycle,reverse splits never happin in a rising stock always a falling stock.Its great for the short sellers .REAL dollars are at risk ,not % dollars.Run as fast as you can from any reverse split.this cycle down bottom looks like $35.00 ,,those are real dollars ,not theoretical.jnug is always a wasting asset ,just like a Gold mine ! You only make money by catching cycles on the up swing .Its a mathematical certainty the day of the split is its inherent top ,after that its a wasting asset ,so wait till the next cycle bottom before buying,dont fight the trend.and never ,ever buy after a reverse split in a stock with NO earnings …..theres nothing to hold the price up .New buyers wont touch a $59.00 stock with no earnings ,but will buy an $11.00 stock because of the DOLLARS at RISK.NEW buyers view it very different than those already in pre split.$59.00 is a much harder sell than $11.50 …Its the DOLLARS at risk,not the percentage..