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SQQQ. Short NASDAQ etf
SQQQ has a good cup-and-handle formation for a low. The NASDAQ should turn lower for a while.
From Dollar Collapse=is-the-1970s-gold-market-a-good-template-for-the-the-balance-of-the-2020s-lets-consider-the-similarities
A bungled exit from a pointless and costly war? Check: Vietnam then, Afghanistan now.
Rising inflation due to excessive debt and artificially easy money? Emphatic check. The current US CPI is showing a consistent 5%, while debt levels pretty much everywhere are off the charts.
Leadership that seems less competent and trustworthy every time they speak?Check: Jimmy Carter then, Biden/Harris now.
A rising power that threatens US military and financial hegemony – and by implication the dollar’s role as the world’s reserve currency? Double check: China and (again) Russia.
Energy crisis? Check: Natural gas and coal prices are soaring, stockpiles are at historically low levels, and winter is coming. Gas hoarding in the UK is likely to spread to Continental Europe and beyond. See here for more detail.
Toss in the pandemic that just won’t die, a labor shortage, supply chain disruptions, immigration chaos, and a weirdly-general societal shift away from discipline and rationality, and you get an economy that’s locked into an easy-money, soaring leverage trajectory until no one in their right mind will want anything to do with traditional financial assets.
In this environment, the boring market action in gold – a form of money that has protected against financial and societal chaos for all of recorded history – looks like the calm before the storm.
Vladimir Lenin Re shouting at school board meetings?? The political message for the White House on Jan 6th? BLM? Big List Out There
Did you guys ever hear about the one guy that got 70 Stop Signs put up? Not even in his own neighborhood. I know a lady that got her little street made a One Way because she didn’t like people using HER road for a short cut.
Maddog @ 16:06 Silver Miners Performance Leaders and Laggards
In the past year you can see, only four miners are up on the year. 10% to 18%. With silver lower by 23%. In general, the best performers have big corrections and big rebounds. Unfortunately I didn’t calculate in the percentages drops off the highs of March and June. So its obvious that only 4 miners were still positive. Pretty much everything is higher than Jan 1 2016.
For one, GATO the top performer is 43% off its high $19.40 to $11.25. So to make a choice? Is it the best performer with the biggest drop? Or the best one that DIDN’T drop so much. Then add in quality, does it have a p/e? A div? Decent market cap?
Lately I like HL and AG for silver. But will Silver ever get off its ass?? I’ve mostly played Gold miners for years. Just have some AG and HL. Also holding CDE 45% drop, its way off the highs and covers both AU and AG, 18% lower on the year.
But that building wasn’t hit by an airplane?
Facebook, Instagram, WhatsApp Down Worldwide After DNS Records Vanish; Employees Badges Reportedly Not Working
Downdector reports that Facebook, Instagram, Whatsapp, and Facebook Messenger are experiencing issues and /or outages worldwide. The outage comes just before a Facebook whistleblower is set to testify before Congress on Tuesday.
https://www.zerohedge.com/markets/facebook-instagram-whatsapp-experience-global-outages
Mr.Copper
Yr a true gent tks.
Still we all know the only reason we are in PM’s is because they should go up @ 10 % /day…….forever…..and that they are just bidding their time.
Cheers.
@Maddog re First Majestic down 2.6 %
It is annoying, but on the positive side on my Schwab software AG is up about 18% on a 1 yr chart today, was up about 90% during the year. Silver today negative about 23%, on a 1 yr chart, so AG still outperformed Silver (-23%) versus AG up 18%.
On a one year chart with GLD overlay to see percent only:
GATO+70% today was up 200%,
EXK up 20% was up $120%,
AG up 18%, was up 85%,
HL up 10% was up 80%,
EXN (-60%) was up 20%,
SVM (-48%) was up 5%,
AXU (-45%) was up 25%,
FSM (-40%) was up 50%,
PAAS (-30%) was up 10%,
MAG (-5%) was up 40%,
Gold (-15%) was $2050
Silver (-23%) $22.61 was $29.37,
Gold 1 yr: https://schrts.co/IJJZiTIm
Silver 1 yr: https://schrts.co/sDDfEJIM
FM is just a dog
Didn’t they sell the farm to Barrick SLW for like $4 an ounce with Silver. Morons
First Majestic down 2.6 %
with no news tells us the scum are still stinking the joint up.
Buygold @ 10:42
That doesn’t seem to happen much!
Hopefully a foreshadowing of the future.
Vaccinated people are more susceptible to the variants
What this study finds is exactly what vaccine developer Geert Vanden Bossche (Belgium) has been predicting. The predominance of antibody-resistant SARS-CoV-2 variants in vaccine breakthrough cases from the San Francisco Bay Area, California. [DATA LINK HERE]
The California study finds that vaccinated individuals are more susceptible to COVID variant infections than unvaccinated. Geer Vanden Bossche has been warning that vaccine antibodies would suppress natural antibody responses. The vaccine antibodies take control of the immune system and defend only against a targeted virus.
Among vaccinated individuals, a COVID variant virus is not recognized by the specialized antibodies provided by the vaccine, and the natural antibodies have been programmed to stand down.
Nice to see that pm’s are holding up
Despite the SM getting hammered pretty good.
Go figure.
Now that I’ve said this, it’s probably a jinx.
India’s Sept gold imports surge as prices correct ahead of festivals
MUMBAI, Oct 4 (Reuters) – India’s gold imports in September soared 658% from last year’s lower base as a correction in local prices to the lowest level in nearly six months prompted jewellers to step up purchases for the upcoming festive season, a government source said.
Higher imports by the world’s second-biggest bullion consumer could support benchmark gold prices , which have fallen nearly 15% from an all-time high of $2,072 in August 2020.
The surge in imports could increase India’s trade deficit and pressure the rupee
Maddog @ 9:29
I’m making a collection myself! Music to my ears.
Democrats gonna get slaughtered in the upcoming elections. I think. Fingers crossed.
Maddog @ 9:22
Ha Ha He’ll likely have them over to dinner some time!
ipsofacto
u can just see the Donald playing those Fuck Joe Biden chants to his mates…..
Buygold
scum are wacking PM’s as Earle takes out recent Hi’s…..as that will have no impact on inflation, as we are constantly told.
ipso facto
Re Taliban and Twatter
So President Trump is beyond the pale, but the Taliban are OK with Dorsey……
Whenever I post something bullish like I did earlier
Please ignore my posts.
As all of you know, I don’t have a G-Damn clue.
Taliban wipes out Islamic State cell in Kabul after fatal bombing at mosque during prayers for top official’s mother
The Taliban destroyed an Islamic State (IS, formerly ISIS) cell in Kabul, the group’s spokesperson has said, just hours after a fatal blast detonated at a major mosque that was holding prayers for his recently deceased mother.
Taking to Twitter early on Monday, Zabihullah Mujahid, the son of the deceased woman, confirmed that a “special unit” had carried out an operation on Sunday against “ISIS insurgents” in the capital.
https://www.rt.com/news/536508-taliban-islamic-state-mosque-attack/