Loading ...Got dice? Chicken bones?
This rally sure fooled me…I was in and out of JNUG-I made $1900–but would have been
up $5000 grand had I not sold…I love that the $ is down .180 and PMs not going down with stocks…markets always fake out the majority…don’t they…I better unpack my fishing gear…
Never sell a dull market, huh?
So do I chase…?? …silver could be doing better…but why quibble?
Oro–thanks for that–guess I’ll go fishin up in Minoqua, Wisconsin…see you in June…
Minoqua=often referred to as the island city–population 4388.
Dividends are nice. Just reading about how Deutsche Bank is charging big depositors negative rates. Such a deal!
Yamana hikes dividend, cuts guidance
Yamana Gold (TSX:YRI; NYSE:AUY) has raised its annual dividend by a further 25% to $0.0625 on the back of strong first-quarter results. This is the third dividend increase announced by the company over the past year, representing a cumulative total increase of 213%.
For the three-month period, Yamana posted net earnings of $45 million or $0.05 per share, an improvement over the $4.1 million net loss reported a year earlier.
Adjusted net earnings came to $47.2 million or $0.05 per share, nearly double the $24 million or $0.03 per share recorded last year.
Cash flows exceeded all comparable measures in the prior-year quarter, with net free cash flow of $91.1 million exceeding the average of the past four quarters by 14%. As a result, the company managed to reduce net debt by $20 million.
cont. https://www.mining.com/yamana-hikes-dividend-cuts-guidance/
HUI Gaps
There were 3 big Gaps on Hui…that is a classic blow off top signal.
We filled the 1st yesterday, the next is 251.90…right on the 1st Fib retracement No of 23.6 % and the next is at 213.11, bang on the 50 %.level.
That is almost too perfect.
When I say blow off top…I only think that is for the 1st wave…once the correction is over we blast way higher.
The $2 Trillion stimulus bill – what a farce
American population: 330,483,530
Stimulus bill: $2,000,000,000,000.00
Dividing the cost by every person in America is $6,051.74. (man, woman, child)
The government could have given every person over $6,000.00, but instead will give $1,200 to each adult under a certain income. (not every man, woman & child)
Because of bailouts.
Wanna know where the missing 96% of your tax dollars went?
$300,000,000.00 for Migrant and Refugee Assistance pg. 147
$10,000.00 per person for student loan bailout
$100,000,000.00 to Nasa,
$20,000,000,000.00 to the USPS,
$300,000,000.00 to the Endowment for the Arts
$300,000,000.00 for the Endowment for the Humanities/ because no one even knew that was a thing
$15,000,000.00 for Veterans Employment Training
$435,000,000.00 for mental health support
$30,000,000,000.00 for the Department of Education stabilization fund/ because that will keep people employed
$200,000,000.00 to Safe Schools Emergency Response to Violence Program
$300,000,000.00 to Public Broadcasting / NPR
$500,000,000.00 to Museums and Libraries / Who the hell knows how we are going to use it
$720,000,000.00 to Social Security Admin / but get this only 200,000,000. is to help people. The rest is for admin costs
$25,000,000.00 for Cleaning supplies for the Capitol Building / I shit you not it’s on page 136
$7,500,000.00 to the Smithsonian for additional salaries
$35,000,000.00 to the JFK Center for performing Arts
$25,000,000.00 for additional salary for House of Representatives
$3,000,000,000.00 upgrade to the IT department at the VA
$315,000,000.00 for State Department Diplomatic Programs
$95,000,000.00 for the Agency of International Development
$300,000,000.00 for International Disaster Assistance
$90,000,000.00 for the Peace Corp pg. 148
$13,000,000.00 to Howard University pg. 121
$9,000,000.00 Misc. Senate Expenses pg. 134
$100,000,000.00 to Essential Air carriers pg. 162 This of note because the Airlines are going to need billions in loans to keep them afloat. $100,000,000.00 is chump change
$40,000,000,000. goes to the Take Responsibility to Workers and Families Act. This sounds like it’s direct payments for workers. Pg. 164
$1,000,000,000.00 Airlines Recycle and Save Program pg. 163
$25,000,000.00 to the FAA for administrative costs pg. 165
$492,000,000.00 to National Railroad Passenger Corporation (Amtrak) pg. 167
$526,000,000.00 Grants to Amtrak to remain available if needed through 2021 pg. 168 (what are the odds that doesn’t go unused.
Hidden on page 174 the Secretary has 7 days to allocate the funds & notify Congress
$25,000,000,000.00 for Transit Infrastructure pg. 169
$3,000,000.00 Maritime Administration pg. 172
$5,000,000.00 Salaries and Expensive Office of the Inspector General pg. 172
$2,500,000.00 Public and Indian Housing pg. 175
$5,000,000.00 Community Planning and Development pg. 175
$2,500,000.00 Office of Housing
Are you angry yet?
Day 6 of the downturn?
I’d be pretty surprised and disappointed if we were to breach 235-240 in the HUI. Took a helluva long time to bust through it.
Then again, I’m not sure why anything should surprise me with pm’s.
So the question is, are they really going to make a worthless jobs report into an event to take pm’s down?
Captain–thanks for the remarks!! makes sense. Here are my 1st impressions for the day of 6:30 am
i like that silver is down only 2 cents and gold down 12.20—no panic for the dollar cause dow futures are down 420-the $ is down .110—no big deal but DOWN—the relative strength in silver is impressive….all these factors taken together tell me there is a chance that gold has just pulled back for the pause that refreshes…and it’s not starting a 1 to 3 month correction—in which case I would just pack up and say “see you in a month or two”.
Even though gold lookd looks friendless and weak as a new born kitten, I will probably try to buy it after the jobs report at 8:30 if they drop gold a bit more….of course the lousey report will be gold bullish–that’s a given but they may hit it anyway…then maybe some buying would flood in—-DYOD JMOl”
however the waves are suggestive more of the insanity (rising prices) should be expected after only moderate pullbacks. (for both stocks and PMs)
That is, for example, the HUI might pullback to test the 220 to 240 range, and then take another run at 280.
Respiratory therapist
Watch before taken down.
He’s basically saying if you go into the hospital in respiratory distress weather by COVID or not your gonna be put on vent and probably gonna die. He mentions deep state so is aware. He might be from Georgia or south somewhere.
He started mentioning vaccines but it got cut off.
https://youtu.be/s03CQX0afSE
Maya
Yeah if Demi’s still control the house Pelosi will be running things if Biden wins.
Terrifying Thought
If Biden wins the election, the Deep State will be running things and keeping Joe comfortably out of sight with his dementia.
I have trouble sleeping with that thought.