Loading ...
Old Beaver and new paint, approaching Montreal
https://railpictures.net/photo/711470/
Richard Gush
What’s new with these ETFs. I suppose you could wait out the R/S with the inverse and grab a temp bottom as Gush drops to back where it was but still a etf. That would depend on where the sectors going.
GUSH to. split 10. for. one
Direxion to execute a 1-for-10 reverse split of the outstanding shares of the Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (NYSEARCA:GUSH), effective after the market close on November 21, 2019.
justabug
Well that sucks! C’mon Rob show us some magic!
https://finance.yahoo.com/news/mcewen-mining-announces-proposed-public-212749076.html
MUX Ouch. I am disappointed
TORONTO, Nov. 19, 2019 (GLOBE NEWSWIRE) — McEwen Mining Inc. (the “Company” or “McEwen”) (NYSE: MUX) (TSX: MUX) today announced its intention to offer shares of its common stock and warrants to purchase its common stock in a registered underwritten public offering, subject to market and other conditions. McEwen Mining also expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock and warrants sold in the public offering.
The Company intends to use the net proceeds from the offering for advancing its current mining projects and exploration prospects, for additional operating capital and for general working capital purposes.
Five Year Charts Below, Practically all commodities are lower than 5 years ago
Gold and Palladium are higher, all the energies are lower. Meats are lower, grains, softs, lumber? call it flat. All the “anti USA countries ” currencies are LOWER, US Traitor Import Dollar HIGHER.
https://finviz.com/futures_charts.ashx?p=m1
Nobody is going to make the USA great again until the USA has a FAR FAR lower dollar, combined with a substantially HIGHER base standard wage. For tax revenue. For budgets etc. The Rich can’t pay anymore. We have to tax a healthy wealthy and wise massive middle class. 🙂
Basically any and all small and large wholesale retail service manufacturing businesses with a non union work force would take the hit. Or pay the “tax”. A survival of the most fittest most profitable businesses.
Gov’t employees and gov’t vendor employees would need pay cuts. 🙂
drb2 @ 12:17
I remember that! I was just starting to invest in the Trusts when the gov changed the rules. They paid out like 20% in dividends. Yeah the gov sure effed that up.
@ Ipso – Save Canadian Mining …………@ Mr. Copper – PM dividends
Well I remember the Canadian Oil & Gas trusts in the early 2000’s.
Originally created to give ordinary Canadians an opportunity to participate in the natural resource wealth of Canada – they paid HUGE dividends ….MONTHLY. When they caught on with the public the share price also took off. It was wonderful.
Everything was cool until one day – the Halloween Massacre it was called. The Canadian Gov’t announced a decision to change the tax structure. It destroyed those companies. they have not recovered.
Mr.Copper
re miners earning loads of dosh.
I always remember some guy promoting Drooy on the Gold Eagle Board, he said he got more in dividends than he paid for some gold miners, in the 80’s mkt, I expect he was lieing, but I bet it has happened and it could well again,
Regarding Suppressed Gold Prices, Food For Thought
The Central Planners (and all of us) obviously know approximately how much it costs mining companies to mine an ounce of Gold. If TPTB did NOT suppress Gold, and allowed the natural price of Gold to where it SHOULD go???
The mining companies would make way way way too much money. It would be like a monopoly on “money creation”. They would be like the U.S. Mint, or U.S. Treasury Dept, or the Federal Reserve Banking cartel itself.
Who knows? Maybe bigger than Amazon? Apple?
Save Canadian Mining initiative launched
The CEO of Chilean Metals (TSX.V:CMX), Terry Lynch, launched this week Save Canadian Mining – an advocacy group whose goal is to give voice to the specific interests of Canada’s junior mining sector.
In a press release, Lynch explained that Save Canadian Mining will work to raise awareness of the importance of the junior mining segment for the country’s economy. It will also advocate for positive change on their behalf with government and regulatory agencies.
“The current rules in our equity markets have created an environment for predatory short-selling practices to thrive, particularly on our vulnerable junior markets,” the executive said in the media brief. “For smaller cap mining companies, short-selling activity spooks true investors into selling prematurely, effectively stunting the growth of these businesses at critical early stages. Save Canadian Mining is dedicated to helping ensure Canada’s capital markets remain viable for junior miners now and into the future.”
cont. https://www.mining.com/save-canadian-mining-initiative-launched/
Captain Hook
“Lead will probably be top dog in the end.”
Sure hope that doesn’t happen … but it’s a real chance. The socialists have been brain washing the kids for a long time.
Cheers
ipso facto @ 9:50
That’s what I think too.
Lead will probably be top dog in the end.
Just ask the folks over in Hong Kong.
Cheers
Maddog
Maybe a third bank will do the trick … or perhaps a collapse is already happening behind the scenes.
Without true price discovery who knows what is really going on.
We probably won’t have price discovery until the whole shebang crashes down … then we will find out what gold is really worth.
Cheers
ipso facto
Wouldn’t surprise me if HSBC ain’t got a Deposit run on, out of Hong Kong, or soon will have…..so with DB on the ropes as well, that makes two Derivative monsters in deep doo doo.
Someone told me decades ago, never do biz with HSBC, total cowboys…
CME Pledged Gold: Did The Comex Rescue HSBC
A couple days after the CME allowed clearing members to use warehouse warrants as collateral for the mandatory performance bond, the new form of collateral was implemented by HSBC.
With help from Craig Hemke (TF Metals Report) it appears as if the Comex activated a low-grade rescue of HSBC. Chris Powell at GATA believes this “hypothesis fits the decades-long practice of the international gold price suppression scheme of governments, central banks, and bullion banks. That is, to keep metal moving around so fast that it can be applied to pressure points before its real owners notice that it’s missing — to make a single ounce of gold seem to be in as many as a hundred places at once.”
cont. https://investmentresearchdynamics.com/cme-pledged-gold-did-the-comex-rescue-hsbc/
scum don’t want AU above 1470
@ 8 hrs ago, most mkts had built hourly flags AU had a bull flag, Dollar bear, SM bear and Bonds a bull…they all broke out and then reversed as scum took all the mkts on…..
We now have the SM breaking to new Hi’s as if ystdy never happened, all tks to scum.