View Full Version : Long Position on Silver and Gold?
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I just noticed that both WTI and Brent are almost up to $50 a barrel.
WTI and Brent haven't been able to hold the $50 handle for too long, kinda like the DOW can't hold the 18K handle for a sustained period of time.
Gold and silver each had a 2.5% jump last Friday after the very dismal US jobs report came out, apparently the administration just cannot maintain the lie that the economy is doing great when it so obviously is not. That's not to say some individual economies are doing poorly, some individuals are doing fine but the country overall isn't doing well.
Aloha_Shooter
06-06-2016, 21:10
The Dow shouldn't be anywhere near $18K. Based on the way Obama has fscked the economy, it shouldn't be at $12K. Wall Street has been way overvalued for years.
Great-Kazoo
06-06-2016, 21:58
The Dow shouldn't be anywhere near $18K. Based on the way Obama has fscked the economy, it shouldn't be at $12K. Wall Street has been way overvalued for years.
Same people reporting the economy, also reported Clinton has the nomination wrapped up. Prior to CA going to the polls. Like they did in Bush v Gore calling the FL election before it's time. Says (to me) the fix has been in for some time.
HoneyBadger
06-06-2016, 22:35
I'm just waiting for it to meet a correction so I can jump in on XIV again... :D
WTI and Brent are both over the $50 handle this morning.
The Dow shouldn't be anywhere near $18K. Based on the way Obama has fscked the economy, it shouldn't be at $12K. Wall Street has been way overvalued for years.
It wouldn't be if TARP and QE hadn't occurred, if it wasn't for that artificial money pumping it might not even be over 10K even now.
Since we're on the topic, what do banking and insurance have to do with industrials? The DOW we're talking about is the DOW 30 Industrials which used to include companies that made durable goods like US Steel.
Oil hit $50 and is going higher, anyone notice any increased activity in the Weld County oil patch.
Gold and silver jumped up too.
Well, oil did just get to $50, maybe it takes a little while to ramp up production or maybe there is still an over-supply and they're waiting for that to dissipate.
Some light reading.
Stock up on baked beans and lemonade, bitchez.
http://bastionofliberty.blogspot.com/2016/06/keynesian-death-o-tron.html
Great-Kazoo
06-08-2016, 08:44
Oil hit $50 and is going higher, anyone notice any increased activity in the Weld County oil patch.
Gold and silver jumped up too.
Nothing that makes a difference on the real end. Orders from O&G companies to the manufacturers of separators, flares and combustors. Those orders have remained stagnant for the last 2 quarters
Nothing that makes a difference on the real end. Orders from O&G companies to the manufacturers of separators, flares and combustors. Those orders have remained stagnant for the last 2 quarters
thanks.
Silver is on the $17 handle.
Canada made one for the comic book fans.
http://www.coin-rare.com/2016-5-superman-coins-1-ounce-9999-pure-silver.aspx
Silver/gold up; oil down today.
Gold is over $1300, hasn't been at $1300 for nearly 2 years, silver is approaching th $18 handle. VIX is up; WTI and Brent are both under $50 and have been for a few days.
Oh yeah...Aunt Janet is going to hold on to ZIRP for a while longer, you know because zero interest rates FEEL SO GOOD. I'm sure your personal economies are all JUST GREAT, because Aunt Janet and the financial wizard of economics bar none Barack Obama SAID SO.
Besides, most of Flyover Zone America has been hammered by the four horseman of household inflation—- food, energy, housing and medical costs—-to the tune of 3.1% annually for two decades running. Yellen’s claim that inflation is only up by 1.3% during the past year—–and therefore that the Fed has not achieved it inflation goal and must defer normalization—–is just plain laughable.
http://davidstockmanscontracorner.com/janet-whiffs-again-take-cover-now/
Gold is over $1300, hasn't been at $1300 for nearly 2 years, silver is approaching th $18 handle. VIX is up; WTI and Brent are both under $50 and have been for a few days.
Oh yeah...Aunt Janet is going to hold on to ZIRP for a while longer, you know because zero interest rates FEEL SO GOOD. I'm sure your personal economies are all JUST GREAT, because Aunt Janet and the financial wizard of economics bar none Barack Obama SAID SO.
http://davidstockmanscontracorner.com/janet-whiffs-again-take-cover-now/
Not enough coffee this morning?
Oil hit $50 and is going higher, anyone notice any increased activity in the Weld County oil patch.
Gold and silver jumped up too.
Noble has been hiring over the past month.
Gold is over $1300, hasn't been at $1300 for nearly 2 years, silver is approaching th $18 handle. VIX is up; WTI and Brent are both under $50 and have been for a few days.
Oh yeah...Aunt Janet is going to hold on to ZIRP for a while longer, you know because zero interest rates FEEL SO GOOD. I'm sure your personal economies are all JUST GREAT, because Aunt Janet and the financial wizard of economics bar none Barack Obama SAID SO.
http://davidstockmanscontracorner.com/janet-whiffs-again-take-cover-now/
Noticed that. Missed a chance earlier this year, funny how that works about the time I'm saving to try and pay my taxes by April 20th is the best time to buy (a lot of things).
Rates aren't moving up IMHO without triggering massive defaults. Rock and hard place and that discount that only certain people get is the only thing keeping the music playing.
Gold and silver both ended the day down after a strong start.
Looking like the Brits or going to drop the eur on its ass. Guess there's rumors that the Dutch signs That's it's going to leave as well. Going to check out the London open and watch the circus. Eur crosses are all down except eurgbp which has had a decent run so far. Oh yea gold is up too.
Anyone watching the fun tonight?
Lovin it.
Globalists are getting their asses handed to them.
Gonna be an interesting year.
I wonder how many countries will follow suit. Just avoided Greece and there's already rumors that the Dutch will leave so who's next, Spain, Portugal, Italy, France?
Going to be a hell of a process that's for sure
Aloha_Shooter
06-23-2016, 23:39
More people decided to ignore the lies and scaremongering of the professional politicians and bureaucrats. It can only be a good thing in the long run for them to regain their freedom and kick the cans of the totalitarians. The French, on the other hand, have one less country to parasite off of.
The UK is the 5th largest economy in the EU so that's where your market fluctuations are hitting. Couple that with now Germany's power in the EU has increased so the smaller country's will be looking at following suit because of Germany. I guess it's a good day to have some longer term USD exposure because this exit wil be far from a clean break.
Great-Kazoo
06-24-2016, 01:16
UK leaving the EU will tide the flow of Muslims coming from the continent. Nobody really saying that, it is the 500 lb gorilla sitting in the corner. I can't see any real reason for drastic market changes of prices, except the British Pound.
The pound dropped, dollar made a jump, same with gold.
Very happy Britannia voted in favor of leaving. The people actually thought for themselves, not succumbing to the fear mongers. ESPECIALLY Soros. [LOL]
BREXIT WINS!!!
A great day!!!
Gold at 1317 and silver at 17.99 - http://www.kitco.com/market/
Oil is down - major indices futures are down - http://finviz.com/futures.ashx
I watch forex here - http://www.xe.com/ - seems to be pretty busy this morning
It will be splendid to watch the incompetent radical and shrillary make excuses and perform their donkey show.
The pound dropped, dollar made a jump, same with gold.
Very happy Britannia voted in favor of leaving. The people actually thought for themselves, not succumbing to the fear mongers. ESPECIALLY Soros. [LOL]
My thoughts as well. The EU had become a suicide pact. Looks like someone did an intervention on the UK and they listened.
I won't quote myself (above). I lost my chance for this year. :( I would bet the banks jump in and try to push gold down. They hate a strong dollar.
UK leaving the EU will tide the flow of Muslims coming from the continent. Nobody really saying that, it is the 500 lb gorilla sitting in the corner. I can't see any real reason for drastic market changes of prices, except the British Pound.
Exactly.
The EU determined how many "refugees" Great Britain would have to take. Cameron went to Brussels to ask for less and was told, No. Now they can decide their own immigration policies for themselves.
I'm thinking the Dutch will be the next to exit the EU.
Yup, I read the Dutch were next.
Why would you join a club where a couple of members (none of the staff) do all the work and pay all the dues, and all the other members are just parasites.
Sounds just like the UN doesn't it.
Aloha_Shooter
06-24-2016, 10:31
The Brits are taking a short hit while the Europhiles and self-appointed political elites throw their temper tantrum but their economy and national security will be stronger for it in very short order. The funny thing is, I suspect Remain would have had a slight edge if Obama hadn't gone over and threatened them with "back of the line" if they left the EU. Obama can be his own worst enemy sometimes.
LOL - I didn't know The Messiah had threatened them, this makes BREXIT even BETTERERER. :)
Ouch for Spain
World markets
Shanghai 2,854.29 -37.67 (-1.30%)
Nikkei 225 14,952.02 -1,286.33 (-7.92%)
Hang Seng Index 20,259.13 -609.21 (-2.92%)
TSEC 8,476.99 -199.69 (-2.30%)
FTSE 100 6,138.69 -199.41 (-3.15%)
EURO STOXX 50 2,776.09 -261.77 (-8.62%)
CAC 40 4,106.73 -359.17 (-8.04%)
S&P TSX 13,901.44 -230.01 (-1.63%)
S&P/ASX 200 5,113.20 -167.50 (-3.17%)
BSE Sensex 26,397.71 -604.51 (-2.24%)
TA25 1,432.64 -0.94 (-0.07%)
SMI 7,747.18 -275.87 (-3.44%)
ATX 2,084.22 -157.89 (-7.04%)
IBOVESPA 49,881.55 -1,678.26 (-3.25%)
SET 1,413.19 -23.21 (-1.62%)
BIST100 75,366.00 -2,623.87 (-3.36%)
IBEX 7,787.70 -1,097.60 (-12.35%)
LOL - I didn't know The Messiah had threatened them, this makes BREXIT even BETTERERER. :)
Yup, she mad.
Maybe sending that bust of Churchill back wasn't such a good idea huh? I know, I know, evil white male...
HoneyBadger
06-24-2016, 13:36
Ouch for Spain
World markets
Shanghai 2,854.29 -37.67 (-1.30%)
Nikkei 225 14,952.02 -1,286.33 (-7.92%)
Hang Seng Index 20,259.13 -609.21 (-2.92%)
TSEC 8,476.99 -199.69 (-2.30%)
FTSE 100 6,138.69 -199.41 (-3.15%)
EURO STOXX 50 2,776.09 -261.77 (-8.62%)
CAC 40 4,106.73 -359.17 (-8.04%)
S&P TSX 13,901.44 -230.01 (-1.63%)
S&P/ASX 200 5,113.20 -167.50 (-3.17%)
BSE Sensex 26,397.71 -604.51 (-2.24%)
TA25 1,432.64 -0.94 (-0.07%)
SMI 7,747.18 -275.87 (-3.44%)
ATX 2,084.22 -157.89 (-7.04%)
IBOVESPA 49,881.55 -1,678.26 (-3.25%)
SET 1,413.19 -23.21 (-1.62%)
BIST100 75,366.00 -2,623.87 (-3.36%)
IBEX 7,787.70 -1,097.60 (-12.35%)
XIV is a great buy now, especially if it gets under $20 Monday. Could go as low as $15 next week but will probably recover to $30+ by mid-July.
Pro tip: Don't ever take investing advice from friends. ;)
I just put some more money into my Acorns account. Stocks are on sale today.
Aloha_Shooter
06-24-2016, 15:33
XIV is a great buy now, especially if it gets under $20 Monday. Could go as low as $15 next week but will probably recover to $30+ by mid-July.
Pro tip: Don't ever take investing advice from friends. ;)
XIV as in VelocityShares Daily Inverse VIX Short-Term ETN? Hit 30 on Thursday and closed at 22 today?
HoneyBadger
06-24-2016, 19:17
XIV as in VelocityShares Daily Inverse VIX Short-Term ETN? Hit 30 on Thursday and closed at 22 today?
That's the one! [Abused]
Its an inverse volitility future, so as things get more stable after the drop, Xiv will climb quickly.
Futures are GREEN this morning, almost looks like all that hand-wringing and whining about brexit is over. Dollar dropped a little bit, other currencies gained a little bit. Keep watching.
Great-Kazoo
06-28-2016, 09:00
Futures are GREEN this morning, almost looks like all that hand-wringing and whining about brexit is over. Dollar dropped a little bit, other currencies gained a little bit. Keep watching.
IMPOSSIBLE ! The media says DOOM & GLOOM for an unknown number of years. Someone's LYING !
It is DOOM & GLOOM when their dreams of one government over 7 billion people takes a hit.
I found this chart comparing QE start/stop to S&P 500 interesting. S&P has been pretty flat since QE ended in October 2014.
http://ftmdaily.com/investing/stocks/chart-the-impact-of-feds-qe-on-the-sp-500/
Futures are GREEN this morning, almost looks like all that hand-wringing and whining about brexit is over. Dollar dropped a little bit, other currencies gained a little bit. Keep watching.
European Dead-Cat-Bounce Dies - Big Banks End Lower (http://www.zerohedge.com/news/2016-06-28/european-dead-cat-bounce-dies-big-banks-end-lower)
Now seems like a great time to start finding my retirement accounts. I need to get on that.
DOW is up 270, S&P 500 is up, futures are up, currencies look kinda flat right now this moment.
Now seems like a great time to start finding my retirement accounts. I need to get on that.
Half of that should be in your gun safes.
If you can't stand over it with your AR15, you do not own it.
I used to feel that way, but have concluded that if the market fails to the point that your shares are eliminated, it wont really matter what's in your safe. On top of that, people are always worried about the government seizing stock assets, so recommend gold and silver. That's interesting because while I don't think it's unrealistic to assume governments wouldn't seize stocks, or government actually HAS tried to seize gold in the past.
I used to feel that way, but have concluded that if the market fails to the point that your shares are eliminated, it wont really matter what's in your safe. On top of that, people are always worried about the government seizing stock assets, so recommend gold and silver. That's interesting because while I don't think it's unrealistic to assume governments wouldn't seize stocks, or government actually HAS tried to seize gold in the past.
That is a defeatist attitude mister - straighten out and fly right. :) I plan on seeing any calamity through, ANY calamity, my zest for life and my orneriness are indefatigable. And if the bastards do manage to kill me off I'm coming back as a werewolf and then I'll paint the streets red with their blood, the blood of their children and their children's children FOR ALL TIME!!! [Flower]
Was I over the top with that last part?
Historically people only held gold and silver so what else was the government going to take. Nowadays the government has electronic access to everything and they'll take the easiest things first with the help of their buddies on Wall Street.
That is a defeatist attitude mister - straighten out and fly right. :) I plan on seeing any calamity through, ANY calamity, my zest for life and my orneriness are indefatigable. And if the bastards do manage to kill me off I'm coming back as a werewolf and then I'll paint the streets red with their blood, the blood of their children and their children's children FOR ALL TIME!!! [Flower]
Was I over the top with that last part?
Historically people only held gold and silver so what else was the government going to take. Nowadays the government has electronic access to everything and they'll take the easiest things first with the help of their buddies on Wall Street.
Not defeatist at all, more wildly optimistic. The entire of history of the stock market is up, up, and up, over time. My take is that 1) if the market were to crash, it'd happen before the government had time to confiscate anything, 2) you still get to keep all your shares, so as long as you can ride the wave and aren't living off distributions, you'll come out waaaay ahead, 3) there are companies that pay dividends regardless of share value, and that is where you make your money, and finally 4) those videos where the guy tries to give away a bar of silver on the street and no one even wants it for free.
Market doesn't have to crash, the government in its endless quest for money will just take it no matter the market condition.
That I'm not nearly as concerned about. Most likely is taxing post tax accounts, but like I said, I've become wildly optimistic in that I am the one that controls my destiny and will be able to negotiate my future regardless of the circumstances, ideal or not. That said, I plan to make money while possible, rather than short myself holding precious metals in anticipation of an event that may never come. I wouldn't tell someone else not to hold precious metals, but I'm after taking full advantage of current opportunities.
Good plan. Hence your recommendation of 50% in safe.
Government taxation is the biggest enemy of our retirement plans and our biggest unknown.
My distrust of the government knows no bounds, as government continues to slide left we'll see more parallels with socialist history.
In total agreement. I plan to invest and make as much money as possible until then.
HoneyBadger
06-28-2016, 20:38
In total agreement. I plan to invest and make as much money as possible until then.
Sounds like a good plan.
Silver is up on 18 right now, gold is up a little. Futures are flat, VIX is down 4 points from this morning, currencies are flat.
These episodes of panic are fun to watch, I'd like to see a few more countries break out of the EU.
Green across the board except for the VIX - http://finviz.com/futures.ashx
beast556
06-29-2016, 10:27
That I'm not nearly as concerned about. Most likely is taxing post tax accounts, but like I said, I've become wildly optimistic in that I am the one that controls my destiny and will be able to negotiate my future regardless of the circumstances, ideal or not. That said, I plan to make money while possible, rather than short myself holding precious metals in anticipation of an event that may never come. I wouldn't tell someone else not to hold precious metals, but I'm after taking full advantage of current opportunities.
Im sure this has been said before, silver & gold are not investments they are a way to preserve you're wealth.
HoneyBadger
06-29-2016, 11:04
Silver is up on 18 right now, gold is up a little. Futures are flat, VIX is down 4 points from this morning, currencies are flat.
These episodes of panic are fun to watch, I'd like to see a few more countries break out of the EU.
And XIV is up 5%: https://www.google.com/finance?q=xiv&ei=QHzLVtmON8e9igKP1aho
:D
ETA:
Im sure this has been said before, silver & gold are not investments they are a way to preserve you're wealth.
It only preserves your wealth if someone else believes it has value. In times of crisis, I doubt anyone will be begging for gold or silver on the streets or shooting each other to get gold and silver for their families. After the crisis, perhaps... but that also means that you have to survive the crisis for your gold and silver to be worth anything.
Im sure this has been said before, silver & gold are not investments they are a way to preserve you're wealth.
It is the way you treat it but like any commodity it can also be traded.
Since this thread has added general investments is any trading company better than another i.e. Scott trade? Considering opening an account.
Im sure this has been said before, silver & gold are not investments they are a way to preserve you're wealth.
That is a common saying. I don't really have wealth, so investing in precious metals would be the same as keeping cash in my mattress.
It is the way you treat it but like any commodity it can also be traded.
Since this thread has added general investments is any trading company better than another i.e. Scott trade? Considering opening an account.
A lot of early retirement guys recommend the Vanguard Total Stock Market index fund. Do a quick search for JL Collins Stock Series and he does a great job of explaining that particular angle of investing. Not everyone (Honey Badger) agrees with that thought though.
HoneyBadger
06-29-2016, 11:24
A lot of early retirement guys recommend the Vanguard Total Stock Market index fund. Do a quick search for JL Collins Stock Series and he does a great job of explaining that particular angle of investing. Not everyone (Honey Badger) agrees with that thought though.
Whoa whoa whoa! I didn't ever say that index funds are the devil, did I? I just think you can do better. There are plenty of mutual funds that consistently outperform the market.
I think you misread my question. I'm looking for a trading app. Not a fund or stock investment system.
I trust the stock market about as much as I trust a politician but once in a while I have an interest in buying a company stock like when Japan air was .02/share and I didn't have a way to buy.
I already lost my ass once in the crash trusting index funds and the mantra of high risk when you're young. I lost over 90% of my 401k then they kicked me out because I didn't have enough in their system and I had to pay taxes on the measly left overs.
I have real estate that's doing well so far
I think the only way to make money on stocks is some sort of "insider" knowledge. Either you studied the hell out of it, paid for extra intelligence, or have a hell of a broker. Think of PM's like your AR and ammo. Most of the time you don't need it to survive. But when you really need it, it is your only chance of survival. Just my 2 dwt...
Studies show that index funds regularly out perform those people.
Glad I tossed some extra money into my fund when I did. The money went in when prices were down, and now everything rebounded and I can see an immediate increase in overall value and dividends.
HoneyBadger
06-30-2016, 17:43
Glad I tossed some extra money into my fund when I did. The money went in when prices were down, and now everything rebounded and I can see an immediate increase in overall value and dividends.
Buy low; Sell high! :D Guaranteed method to win at everything related to money.
Bailey Guns
06-30-2016, 17:51
Gouger!
Gouger?
I nearly choked her!
I think you misread my question. I'm looking for a trading app. Not a fund or stock investment system.
I trust the stock market about as much as I trust a politician but once in a while I have an interest in buying a company stock like when Japan air was .02/share and I didn't have a way to buy.
I already lost my ass once in the crash trusting index funds and the mantra of high risk when you're young. I lost over 90% of my 401k then they kicked me out because I didn't have enough in their system and I had to pay taxes on the measly left overs.
I have real estate that's doing well so far
If you have an iPhone, check out the app "Robin Hood". I have been using it since the first week in Feb when I saw too many buying opportunities in Oil to pass up. I have had swings with the commodities markets but trade volatility fairly well and have made over 40% so far this year. Robinhood is far preferable to etrade, Scotttrade, Ameritrade, etc because it doesn't charge a fee for trades. They make their money on interest in the cash you keep in your account and on margin trades. Seriously, check out Robinhood.
Batteriesnare
07-01-2016, 14:20
Almost to $20!
Buy low; Sell high! :D Guaranteed method to win at everything related to money.
I accidentally bought high and sold low twice last year. [Rant2][shithitsfan]
HoneyBadger
07-01-2016, 20:48
I accidentally bought high and sold low twice last year. [Rant2][shithitsfan]
Yeah. Nobody is infallible.
BUT, it sure helps to use your brain when making investment decisions (especially in real estate!)
Sooooo looks like Brexit had a very short term impact (2 days), we'll see what happens over the long run though. EU/US/Japan are all deeply in debt with no plan for getting out of debt. DOW might set a record today, we'll see if it can hold 18K for more than a week or two.
WTI and Brent can't hold the $50 handle although they are both up today. Silver is over $20, Gold is over $1300.
HoneyBadger
07-12-2016, 12:00
XIV is a great buy now, especially if it gets under $20 Monday. Could go as low as $15 next week but will probably recover to $30+ by mid-July.
Pro tip: Don't ever take investing advice from friends. ;)
If anyone was taking investing advice from me RE: XIV, you may want to consider selling part or all of your positions today or tomorrow. Not sure the current level is sustainable (or warranted). If the market doesn't do anything exciting, XIV will probably be $32+ by Aug. Or it could take a crap and drop back to $20 or less.
As always, side effects caused by unwarranted financial advice may include itching, sneezing, running nose, thinner wallet, loss of retirement accounts, angry spouses, and painful urination. Use your discretion.
If anyone was taking investing advice from me RE: XIV, you may want to consider selling part or all of your positions today or tomorrow. Not sure the current level is sustainable (or warranted). If the market doesn't do anything exciting, XIV will probably be $32+ by Aug. Or it could take a crap and drop back to $20 or less.
As always, side effects caused by unwarranted financial advice may include itching, sneezing, running nose, thinner wallet, loss of retirement accounts, angry spouses, and painful urination. Use your discretion.
I agree with you, HB.
sellersm
07-12-2016, 14:13
FAZ and UVXY are in play now... This market top is almost over. And I'm still looking for a drop in silver soon before it rockets up.
Yeah. Nobody is infallible.
BUT, it sure helps to use your brain when making investment decisions (especially in real estate!)
TRUE, and/or be more liquid.
After hanging around $20 for a while silver has fallen to the $18 handle at $18.71 as I type, gold is at $1329, WTI $47, and Brent $49 so oil had a push towards $50 and is hovering around the upper $40s.
My gold stock is tanking today
It's on sale, time to buy!
My gold stock is tanking today
patience my good man
beast556
08-24-2016, 14:19
Been wating for silver to drop back down. I think next weekend i might make a purchase.
BushMasterBoy
08-24-2016, 14:33
Been wating for silver to drop back down. I think next weekend i might make a purchase.
A lot of guy on a PM's forum (Kitco) say anything under $20 is a good buy.
beast556
08-24-2016, 15:38
A lot of guy on a PM's forum (Kitco) say anything under $20 is a good buy.
Yea all the reports im seeing say this dip might hit 16$ then they are saying Silver is going to jump to 24$. Dont know how they figure this out but figure ill make my purshase in approx a week.
Yeah, I need to buy some more again if this dips. Will stay tuned to see what happens.
Silver climbing back towards $20 today.
Today is a RED day for most markets (fiat, metals, oil) except for VIX.
Interesting article: Canadian Mint Employee Allegedly Smuggled $140,000 Of Gold Inside His Rectum (http://www.zerohedge.com/news/2016-09-21/canadian-mint-employee-allegedly-smuggled-140000-gold-inside-his-rectum)
Comments are hilarious.
Great-Kazoo
09-21-2016, 12:06
Interesting article: Canadian Mint Employee Allegedly Smuggled $140,000 Of Gold Inside His Rectum (http://www.zerohedge.com/news/2016-09-21/canadian-mint-employee-allegedly-smuggled-140000-gold-inside-his-rectum)
Comments are hilarious.
What about the strange way he would waddle into the bank with his knees tightly clamped together to keep his colon from hitting the floor
Wait a minute...
"Investigators also found a container of vaseline in his locker and the trial was presented with the prospect that a puck could be concealed in an anal cavity and not be detected by the wand. In preparation for these proceedings, in fact, a security employee actually tested the idea, Barnes said."
Looks like gold had a shitty day.
Wait a minute...
"Investigators also found a container of vaseline in his locker and the trial was presented with the prospect that a puck could be concealed in an anal cavity and not be detected by the wand. In preparation for these proceedings, in fact, a security employee actually tested the idea, Barnes said."
But did the security employee enjoy said test?
hollohas
09-21-2016, 17:11
Wait a minute...
"Investigators also found a container of vaseline in his locker and the trial was presented with the prospect that a puck could be concealed in an anal cavity and not be detected by the wand. In preparation for these proceedings, in fact, a security employee actually tested the idea, Barnes said."
What the WHAT?!?!?
Looks like gold had a shitty day.
If you're buying :) If you're holding it is great. Looks like a bunch of indices were up today, except VIX.
hollohas
09-21-2016, 20:39
If you're buying :) If you're holding it is great. Looks like a bunch of indices were up today, except VIX.
You missed the joke.
You missed the joke.
Rats.
OK, I didn't read the posts older than Brutal's - now I get it. :)
kidicarus13
09-21-2016, 21:07
Wait a minute...
"Investigators also found a container of vaseline in his locker and the trial was presented with the prospect that a puck could be concealed in an anal cavity and not be detected by the wand. In preparation for these proceedings, in fact, a security employee actually tested the idea, Barnes said."
Sounds like a company man to me.
What's in YOUR wallet keister!
Rats.
OK, I didn't read the posts older than Brutal's - now I get it. :)
[LOL]
Looks like gold had a shitty day. yesterday, but no one here is talking about it? I thought someone here would maybe be in the know of what happened to cause the big drop?
I saw the drop but I don't think anything of it, just another day of manipulated markets.
Oil is up over $50 a bbl, probably winter heating oil is pushing this unless the brilliant state dept did something completely asinine in the mid-east.
OPEC cut production.
So OPEC and the nature-tards must feel that they've "damaged" the US domestic oil extraction enough, now their cartel can go back to work, I wonder what their price point will be.
$65. Just a random figure, but it's also the price point where American production spools back up.
BladesNBarrels
10-10-2016, 12:52
In 2008 60 Minutes interviewed the Oil Minister of Saudi Arabia.
He stated that $55/barrel was their break-even point.
There's a target price of some kind.
Grant H.
10-10-2016, 14:02
$65. Just a random figure, but it's also the price point where American production spools back up.
Most all of the producers I work with would be spooling back up much harder than current at $65/bbl.
That said, the OPEC production cut has changed the near future pretty remarkably already (1 week). I'm getting swamped with requests for quotes, when we couldn't even get call backs a month ago.
I'm happy with $50, but would LOVE $65/bbl.
Yeah, it's wishful thinking on my part. I only have two bosses at work. When North Dakota is humping, one works up there, so I default back to one boss.
Oil is back under $50 for both WTI and Brent.
Gold and silver are inching back up.
I've noticed my Acorns stock has been plummeting as of late.
Great-Kazoo
10-28-2016, 17:12
I've noticed my Acorns stock has been plummeting as of late.
Try different socks
It's an index fund, so it's virtually the same as the market itself.
I've started watching the US Treasury 10 year note too. An article on the relationship b/t the 10 year note and fixed rate mortgages.
https://www.thebalance.com/treasury-note-and-mortgage-rate-relationship-3305734
It was 1.75 last week, now 1.85.
http://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
Silver and gold are up. Futures are down a couple hundred, not down 700 like they were last night. Oil kicked up just a little this morning. VIX is up but not like last night. 10-year note is up, glad I did my re-fi a couple months ago.
Election is looking more like a hiccup and not the massive drop as indicated on Monday when the FBI let the wicked witch of the west wing off...again.
Aloha_Shooter
11-09-2016, 09:55
Yeah, the financial "wizards" who panicked were smoking something illegal. Look at the economy today as compared to last year, 4 years ago, 8 years ago and then look at what Trump is likely to do. Nothing but good for the economy (but bad for those financiers practicing Enron-style accounting and getting free float from their Democratic powerbroker buddies).
DOW is down 16 points, BFD. All panicky overnight for nothing....NOTHING.
Gold was up over 1300 earlier, now it is down under 1290.
DOW is up 188 points as I type, I guess the panic is over.
BushMasterBoy
11-09-2016, 11:56
DOW= Dogs of War
DOW nearly set a record today, so much for the lying liberal scum telling us the markets would fall, BREXIT actually caused a drop.
Ya like I said in the other thread yesterday.
Man I hope the markets hold up well for the next four years.
I wanna retire and could use some extra portfolio growth.
You may want to sell any stock in the solar and wind energy areas. I imagine government subsidies may come to a halt. Might even be a good time to buy fossil fuel stock, could be on the rise.
You may want to sell any stock in the solar and wind energy areas. I imagine government subsidies may come to a halt. Might even be a good time to buy fossil fuel stock, could be on the rise.
I was thinking about this very thing earlier today.
colorider
11-09-2016, 23:42
I have a heavy investment position in oil transportation. It has been pretty shabby lately, but it is now really looking up!!!!!
Silver lost $1.22 on Friday, very strange unless people are selling silver and gold holdings to load up on the DOW and other fiat paper markets. 10-year Treasury up to 2.15, now I'm REALLY happy I did that re-fi a couple months ago.
WTI and Brent are under $45, VIX has been all over the place maybe due to the uncertainty in the election.
Trump's EPA guy Ebell is GREAT, now maybe the government will stop wasting our tax $$ subsidizing stupid wind energy bullshit. I have no idea how the oil markets will react, maybe OPEC will continue to use their monopoly to drive the US oil producers out of business.
DOW closed at 19,000+ yesterday, gold and silver are down today. Oil is down a little bit too but still over $45. Interest on the 10 year Treasury is at 2.39, up nearly a point from when I did my re-fi.
India trying to screw itself.
BushMasterBoy
11-23-2016, 12:17
I bought silver, go figure. Gold was down $41 this AM, but has recovered. GSR is still way too high for a conversion. Gold is always the end game.
DOW closed at 19,000+ yesterday, gold and silver are down today. Oil is down a little bit too but still over $45. Interest on the 10 year Treasury is at 2.39, up nearly a point from when I did my re-fi.
And I've been dragging my feet on a refi due to 2017 job uncertainties...
fack
Crude futures surged Wednesday on reports that OPEC plans to reduce its output (http://www.wsj.com/articles/irans-oil-minister-sounds-upbeat-note-on-possible-opec-deal-1480494933) by more than 1 million barrels a day, a cut that many market participants say could be significant enough to push oil supplies below demand levels sooner than expected.
http://www.wsj.com/articles/opec-deal-to-curb-production-in-doubt-oil-prices-rebound-1480481281
https://www.bloomberg.com/energy
Pump price will go up. Maybe we'll see a jump in domestic oil activity.
http://www.wsj.com/articles/opec-deal-to-curb-production-in-doubt-oil-prices-rebound-1480481281
https://www.bloomberg.com/energy
Pump price will go up. Maybe we'll see a jump in domestic oil activity.
We have 3 rigs by our house at this moment. One is freaking loud too.....
I saw the headline about oil going up, and as always, I'm like "Shit. Higher pump price" but at the same time up in Weld county we have so many rough necks that it would be good to see them working again. It seemed like it only slowed production and didn't stop it completely.
Sounds like OPEC's plan to bankrupt the U.S oil companies hasn't work'd and they figured they'd try to drive the price up a bit.
We have 3 rigs by our house at this moment. One is freaking loud too.....
I saw the headline about oil going up, and as always, I'm like "Shit. Higher pump price" but at the same time up in Weld county we have so many rough necks that it would be good to see them working again. It seemed like it only slowed production and didn't stop it completely.
Always a trade off.
Sounds like OPEC's plan to bankrupt the U.S oil companies hasn't work'd and they figured they'd try to drive the price up a bit.
The Sauds have to pay for their Yemen excursion, Daesh, their ongoing conflict with Iran, problem is that they're putting money in the pockets of their enemies too.
HoneyBadger
11-30-2016, 10:42
The US has been a net exporter of petroleum products since 2011. Our biggest recipients? Canada (20% of total exported petroleum products), Mexico (15%), Netherlands (5%), China (4%), and Brazil (4%), in that order.
We export more than 5 million barrels a day. I'm not too worried about the pump prices.
BushMasterBoy
11-30-2016, 11:39
Oil is up due to winter demand. DOW broke the 19,000 barrier. It is just the math of supply and demand.
Oil is up due to winter demand. DOW broke the 19,000 barrier. It is just the math of supply and demand.
OPEC just voted to reduce the future global supply, of course it will take a period of time to clear the current glut.
Oil is up due to winter demand. DOW broke the 19,000 barrier. It is just the math of supply and demand.
The DOW and oil are up due to winning. Non stop November winning. Are you tired of winning yet?
Get ready for more winning...
http://www.bloomberg.com/news/articles/2016-11-30/goldman-says-trump-s-presidency-will-benefit-stocks-in-almost-every-sector
Yes, I'm sensing some bull propaganda too. I think the market will need to adjust to Trump and market rates but we'll have to wait to see how that shakes out.
Strongest dollar since 2009 too. WINNING!
Side note... Gold is not winning today and I suspect there will be some buying opportunities in Dec/Jan. If Trump is sincere in trying to peg the dollar to gold (or PMs, an impossible task IMHO) we might see a bump after the inauguration just on speculation alone.
DOW is approaching 20K, I guess they're calling it the Trump Bump. Oil was climbing but stalled at $55 a barrel. Gold is under $1150, silver is close to $16, both are up today. 10-year Treasury Note down to 2.57, was over 2.60 earlier this morning - http://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx.
the DOW broke 19,000 on 11-30-16 and today it broke 20,000 for the first time. It's been a lot of fun watching the 457 climb at such a fast pace. Winning is fun.[Beer]
Great-Kazoo
01-25-2017, 13:29
Bush's fault ;)
Market is down...Trump's fault. Market is up...Trump's fault.
Having a President that isn't a wishy-washy wimp....Trump's fault.
There is alot of optimism out there especially on the paper markets. Growth over the last 8 years was propelled largely by the artificial inflation of QE, now I think we're seeing these markets propelled by optimism and the hope for additional deregulation.
Very interesting times.
Gold is in the $1200s, silver is over $18. Oil just can't seem to break into the $56 handle, it hits $55 and change then drops back down.
FYI I read this but I need to read it again and digest it.
http://chicagoboyz.net/archives/55042.html
Jamie Dimon of JP Morgan is, IMO, one of the more thoughtful of the financial industry CEO’s. In his annual letter to shareholders, he devotes considerable space to the current situation of the United States–our assets, our problems, and potential paths for improvement. The public policy section of the letter starts on page 32.
https://www.jpmorganchase.com/corporate/investor-relations/document/ar2016-ceolettershareholders.pdf
He talks about the explosion in student loans, workforce participation, infrastructure, capital and skills emigration.
Aloha_Shooter
04-08-2017, 08:27
Thanks for posting this. Dimon is a smart guy and I wish he had more influence with the White House during the Bush/Obama years instead of Goldman-Sachs alumni like Geithner. I agree throughly with his summary on Brexit (though he has much more experience and info on this kind of thing than I do).
Regarding Brexit, a key concern is to make sure our company is prepared to support our clients on day one – the first day after the actual Brexit occurs, approximately two years from now.
For example, underwriting debt and equity, moving money and accepting deposits, and safeguarding the custody assets for all of our European clients, including many sovereigns themselves. We must be prepared to do this assuming a hard exit by the United Kingdom – it would be irresponsible to presume otherwise.
While this does not entail moving many people in the next two years, we do suspect that following Brexit, there will be constant pressure by the EU not to “outsource” services to the United Kingdom but to continue to move people and capabilities into EU subsidiaries.
In particular,
We hope that the advent of Brexit would lead the EU to focus on fixing its issues – immigration, bureaucracy, the ongoing loss of sovereign rights and labor inflexibility – and thereby pulling the EU and the monetary union closer together. Our fear, however, is that it could instead result in political unrest that would force the EU to split apart. The unraveling of the EU and the monetary union could have devastating economic and political effects. While we are not predicting this will happen, the probabilities have certainly gone up – and we will keep a close eye on the situation in Europe over the next several years.
His essays on globalization are similarly educated and nuanced ... and honest.
Yeah..... JamieDimon is not thoughtful guy at all.
HE was protege of Sandy Weill.
http://fortunedotcom.files.wordpress.com/2012/05/jamie_dimon_spread.jpg?resize=360%2C244
http://wallstreetonparade.com/wp-content/uploads/2012/06/Dimon-Shadow-Boxing-at-Senate-Hearing-June-13-2012.jpg
http://www.roadtoroota.com/members/images/907a.jpg
parabellum9
04-12-2017, 21:34
Silver is up today to about 18.60/oz, and its up about 9.80% for the last 30 days. Uncertainty is up, precious metals are up...
Steelmakers like US steel were down around 8% today, so precious nonGold will drop in my view, in the short-term...
On the flipside the 10 Year Treasury note trades at a 2.38 yield, whichmakes it cheaper for the speculators to dump paper and go for silver/gold.
Dunno...You can lose money in precious metals if you can't hold them forever. I have...because I bought at the top. So the more people talkabout buying silver, the more you need to be careful.
No matter what anyone tells you, you need brass balls to invest in commodities. I mean invest, like in invest a lot at once.
Never a bad idea to buy coins slowly though, and accumulate that overtime...
Just my $0.02
Oil prices are falling, just in time for summer.
However, the shale industry withstood the tremors and how. Cost cutting, innovation, increased recoveries and prudent management showed the resilience of shale industry. The break-even cost fell to as low as $45 a barrel. In synch with market realities, Shale oil returned with a vengeance. And, Saudi efforts to strip away and undermine the emergence of US in the oil field reached a massive road block.
http://www.oil-price.net/en/articles/shale-producers-opec-oil-price-war.php
End of summer.
Oil is up a little but still not cracking $55 - https://www.bloomberg.com/energy
I found this recent article about the break-even price point for US oil production.
http://tennesseewatchman.com/2017/08/21/another-nail-in-opecs-coffin-fracking-old-wells-dropping-u-s-breakeven-points-further/
Ed Morse, Citigroup’s head of commodity research, told a Bloomberg television audience last week that OPEC’s position “is not sustainable over a long period. In the end, the markets are going to win, and [the winner] is going to be shale. If we’re in a $40 to $45 world, we’ll have enough drilling to add to the [world’s] surplus.”
Morse is reiterating the mantra sung for years: OPEC has long since run out of options and has all but lost its monopoly influence over world crude oil prices. If it reduces supply, prices go up, making U.S. frackers more profitable and inviting more capital in to expand production. If it increases supply, the lower prices cut further into each member’s cash flow, forcing them to continue to deficit spend without gaining any advantage over the Americans.
The breakeven point for U.S. frackers has been estimated to be between $40 and $50 a barrel. On Friday U.S. crude oil closed at $49 a barrel on the New York Mercantile Exchange (NYMEX).
I was wondering why oil was climbing besides the normal push for home heating oil back east. This is some of it.
http://www.oann.com/oil-extends-gains-turkey-threatens-to-cut-oil-flow/
Turkish President Tayyip Erdogan repeated a threat to cut off the pipeline that carries 500,000-600,000 barrels per day (bpd) of crude from northern Iraq to the Turkish port of Ceyhan, intensifying pressure on the Kurdish autonomous region over its independence referendum.
Effing turks.
Great-Kazoo
09-26-2017, 07:18
I was wondering why oil was climbing besides the normal push for home heating oil back east. This is some of it.
http://www.oann.com/oil-extends-gains-turkey-threatens-to-cut-oil-flow/
Effing turks.
Is it Istanbul, Or Constantinople ?
BladesNBarrels
09-26-2017, 09:15
Is it Istanbul, Or Constantinople ?
A rose by any other name?
Byzantium, Constantinople, and Stamboul, today Istanbul
Is it Istanbul, Or Constantinople ?
A rose by any other name?
Byzantium, Constantinople, and Stamboul, today Istanbul
I bet Great-kazoo's geography or history book has ottoman empire written in that region/area. [LOL]
I bet Great-kazoo's stone tablet has ottoman empire written in that region/area. [LOL]
FIFY
Gift of the day. Rite aid (rad) took a huge hit.
Perhaps someone new to replace Yellen.
https://seekingalpha.com/article/4111314-kevin-warsh-replace-janet-yellen-prepared
On Friday, September 29, several news agencies reported that President Donald Trump and Treasury Secretary Steven Mnuchin met with Kevin Warsh about his potential nomination to be the next Fed Chair. Notably, last week, NYT published an article saying that Warsh is one of the candidates reported to be on the shortlist to potentially replace Janet Yellen.
https://www.youtube.com/watch?v=g-zIbVEjVpQ
[ROFL2]
It's perfect! I don't know how much of that will turn out to be true/false, I just love his parodies.
The future could be full of millenials who don't have to work, and bought Bitcoin at the right time.
I bought 9.6 bitcoins in 2012ish for $100. I sold them all when the value spiked to $1,000 (combined). Then the exchange I had them on got hacked and I never got the $1,000 back. I started a thread on here about it and Jim told me it was a crappy return on investment. Oh well, what's $151,279.77 at today's value between friends?
I bought 9.6 bitcoins in 2012ish for $100. I sold them all when the value spiked to $1,000 (combined). Then the exchange I had them on got hacked and I never got the $1,000 back. I started a thread on here about it and Jim told me it was a crappy return on investment. Oh well, what's $151,279.77 at today's value between friends?
I remember that few years back on this specific thread. Even at 1000, it was great investment (if you gor your return). Now, $151k off of $100 investment would've been a lottery level investment.
I'll probably amend my 2012 taxes to reflect my losses, then reduce my yearly earned by $20,000 every year until 2020. ;)
Great-Kazoo
12-21-2017, 18:30
I bought 9.6 bitcoins in 2012ish for $100. I sold them all when the value spiked to $1,000 (combined). Then the exchange I had them on got hacked and I never got the $1,000 back. I started a thread on here about it and Jim told me it was a crappy return on investment. Oh well, what's $151,279.77 at today's value between friends?
A fool and his money are soon parted.
Would you have sat on them for 5 years or been here complaining your $10k was hacked?
I have little or no faith in any currency i am unable to hold in my hands. Bitcoin, stocks, bonds. eh worthless when the market tanks, worth lots when it doesn't. it's a crap shoot.
IF i dragged every hot rod and motorcycle i had when the market was $50 - 100 i'd be extremely rich. Instead i sold when i was offered above (for the time period) market value. I don't stress out about the 49 & 51 mercury's, 48 Indian, stock 66 electraglide or other items now worth $$$$. Their time has passed, i've reinvested, have a roof over my head and food on the table. Put a market value on that.
You mean my $150k?
I got some emails about bankruptcy proceedings for a few years. I've heard that since the bitcoin price is so high, the exchange may be able to pay more people back. I should look into that. $1,000 is enough to not just write it off.
I am officially going to invest significantly less. I will still invest little on super beat up ones with some potential. I will do very little options, but I do not want to tie my money in this stock market. I dont care i miss out at this price. Simply put, no long, no short for now.
Today is 2/15/2018.
BushMasterBoy
02-15-2018, 17:38
I kind of like these. 1 OZ sterling. Fairly rare as many have went to melt.
http://www.workingmancoins.com/ForSale/Pics/BicMed/ONBSil.jpg
I'm investing everything in Dogecoin.
Such Crypto! Very Etherium.
https://i.imgur.com/28h11aEh.jpg
I am officially going to invest significantly less. I will still invest little on super beat up ones with some potential. I will do very little options, but I do not want to tie my money in this stock market. I dont care i miss out at this price. Simply put, no long, no short for now.
Today is 2/15/2018.
Where are you moving your investments already purchased then? Curiosity mainly
I recouped that initial loss, but lost all the gains ($30K) I made in Jan too.
Kinda sucks, but at least I'm not significantly down. Up $3,500 since Jan 1. My rate of return since Jan 01 = 0.6%.
Wowsers I'm killin it.
[Sarcasm2]
Where are you moving your investments already purchased then? Curiosity mainly
Kinda looking at ^VIX(volitility index funds) for short term with very little (less than 10%) cash just to hedge inflation. Rest will be all cash until I figure out something.
I would rather miss out on 5-12% gain than have mega bubble burst on my face. :D
I agree with MrPrena that VIX makes sense for a while, but I would also recommend looking at biotech stocks that have anything to do with the new gene editing technology called Crispr, as well as emerging market ecommerce like JD.com. They’re super early in their life cycles and have already been extremely strong.
I agree with MrPrena that VIX makes sense for a while, but I would also recommend looking at biotech stocks that have anything to do with the new gene editing technology called Crispr, as well as emerging market ecommerce like JD.com. They’re super early in their life cycles and have already been extremely strong.
That's a pretty good idea.
ETA: Anyone familiar with the Robinhood App? A friend wants me to join, but I don't know anything about it.
nogaroheli
02-16-2018, 08:27
That's a pretty good idea.
ETA: Anyone familiar with the Robinhood App? A friend wants me to join, but I don't know anything about it.
I use Robinhood. It's pretty nice for frequent trades in standard stocks or ETFs since it has no trading fees. It also has no account minimum so to try it out you don't have to be on the hook for much. It's mobile so it's convenient. However they don't have as many options to invest in- no mutual funds or pink sheet for example. Overall it's a decent resource to have in addition to others you may have.
That's a pretty good idea.
ETA: Anyone familiar with the Robinhood App? A friend wants me to join, but I don't know anything about it.
I have been using Robinhood since February 2016 and have saved over $2K in trading fees. You don't have access to everything (NYSE only), but it's a fantastic option and could not be any more convenient/easy to use.
Friend wants to know which biotech companies he should look into.
Firehaus
02-16-2018, 12:32
Kinda looking at ^VIX(volitility index funds) for short term with very little (less than 10%) cash just to hedge inflation. Rest will be all cash until I figure out something.
I would rather miss out on 5-12% gain than have mega bubble burst on my face. :D
The whistle blower letter about possible VIX manipulation doesn’t concern anyone?
https://www.cnbc.com/2018/02/14/ex-cftc-head-bart-chilton-on-whistleblower-vix-manipulation-allegation.html
Sent from my iPhone using Tapatalk
The whistle blower letter about possible VIX manipulation doesn’t concern anyone?
https://www.cnbc.com/2018/02/14/ex-cftc-head-bart-chilton-on-whistleblower-vix-manipulation-allegation.html
Sent from my iPhone using Tapatalk
Index funds , ETF, and ETN has somewhat of oddities and some shady going on (opening relative to pre and post was one issue). Especially those leveraged ones are worse.
https://www.nasdaq.com/article/uwti-and-dwti-will-be-delisted-today-heres-what-you-need-to-know-cm718484
Friend wants to know which biotech companies he should look into.
The three I am long are EDIT, NTLA, and CRSP. I also hold a few much smaller positions in GILD, ABBV, and a 3x exposure etf LABU.
The whistle blower letter about possible VIX manipulation doesn’t concern anyone?
https://www.cnbc.com/2018/02/14/ex-cftc-head-bart-chilton-on-whistleblower-vix-manipulation-allegation.html
Sent from my iPhone using Tapatalk
Hate to break it to you but I think the whole market is manipulated. Personally, I just try to be early in or early out as I see new opportunities and trends... not sure how else to build an advantage anymore.
The three I am long are EDIT, NTLA, and CRSP. I also hold a few much smaller positions in GILD, ABBV, and a 3x exposure etf LABU.
Thanks, passed it on.
I agree with manipulation of market. Some private equities guys always think securities traders and investors are "rolling the dice." It can be a lot safer than private side.
Another thing to add is this stupid stuff like " you day trade?"
Day trading Era has been disappeared around since 2005ish after HTF makes up volume. Different game now. It is more of an position trading now.
Just look at the bid/ask on stock has substentiously shrunk. Compare to 12 years ago.
Firehaus
02-17-2018, 20:52
Hate to break it to you but I think the whole market is manipulated. Personally, I just try to be early in or early out as I see new opportunities and trends... not sure how else to build an advantage anymore.
Oh, I totally agree. Its why I invest in real estate. At least I have the illusion of control.
[emoji6]
Sent from my iPhone using Tapatalk
A little interesting - The 10-year Treasury Note is approaching 3% - https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
I am thinking about doing some Q projections and Funda Homework on.
Sturm, Ruger (NYSE:RGR)
Vista Outdoor (NYSE:VSTO)
American Outdoor Brands Corporation (NASDAQ:AOBC) - Formerly Smith & Wesson Holding.
BladesNBarrels
02-23-2018, 10:01
Headline in today's Denver Post:
Teachers in 12 states have pension funds invested in gun stocks, including Colorado
"Teachers across Florida and at a high school where 17 people were shot dead Feb. 14 pay into a retirement fund that invests in gun companies, it was revealed earlier this week.
It turns out they’re not alone."
[Help]
The fund managers are charged with increasing value of their funds so I'm sure many of them had funds that held positions in the firearms sector, especially during obama boom in gun sales. Politics didn't enter in the equation b/c this is all about maintaining and increasing fund value.
Now that this has been exposed we'll see what happens, will they divest or hold.
Oil on the rise, Brent crude has driven over the $70 handle to $70.36.
BushMasterBoy
03-23-2018, 18:07
Saudia Arabia said they will build a bomb if Iran is allowed to pursue theirs. Gold and silver have been relatively stable the past few years.
Now WTI is approaching the $70 handle, gonna pay more at the pump this summer.
Now WTI is approaching the $70 handle, gonna pay more at the pump this summer.
:(
It's been a fine run.
:(
It's been a fine run.
I don't know why either, looks like we're producing more stateside. Gotta remember that oil is a global commodity and priced on a global scale vs national scale.
https://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_a.htm
Global - https://www.iea.org/oilmarketreport/omrpublic/
Our forecast for global oil demand growth for 2018 is unchanged from last month's report at 1.5 mb/d. OECD demand in 1Q18 was revised up by 315 kb/d, partly due to cold weather in the US and the start-up of a petrochemical project. There are offsetting reductions to growth in 2Q and 3Q.
Non-OECD demand in 1Q18, by contrast, has been revised down by 260 kb/d due to weak Chinese data. India's early 2018 growth is strong at 380 kb/d y-o-y in the first two months.
Global oil supply eased by 120 kb/d in March, to 97.8 mb/d, after OPEC and non-OPEC producers deepened their cuts to 2.4 mb/d. Output was nevertheless 1.4 mb/d higher than a year ago mainly due to higher US production. Non-OPEC supply is set to grow by 1.8 mb/d in 2018.
OPEC crude production fell by 200 kb/d in March, to 31.83 mb/d, on further declines in Venezuela and lower output in Africa. Compliance with the output deal reached 163%. The call on OPEC crude and stocks will hover around 32.5 mb/d for the rest of this year.
OECD commercial stocks declined by 26 mb to 2 841 mb and were just 30 mb above the five-year average at end February. The average could be reached by May, on the assumption of tight balances in 2Q18. Product stocks are already in deficit.
ICE Brent futures averaged $66.72/bbl in March and in recent days have risen above $70/bbl to levels not seen since December 2014. Tension in the Middle East is a key factor alongside tighter compliance with the OPEC/non OPEC output deal.
After 1Q18's peak refinery maintenance in Europe and the US, global throughput will see a seasonal ramp-up in 2Q18. From March to July, runs will increase by 3.1 mb/d, but supply of refined products will lag behind demand growth.
Great-Kazoo
04-18-2018, 18:12
Keep rising. My O&G $$ is doing well.
Keep rising. My O&G $$ is doing well.
[HiFive]
Vic Tory
04-20-2018, 11:05
IMO, possessing the physical precious metal (Gold, Silver, Lead) is superior to "investing" in it. If you need it today or tomorrow....
I am compelled to remind everyone to buy some PM's... prices are decent right now. A few ounces of silver here and there is a very good idea, IMO.
Chaffee2
05-09-2018, 21:05
I am compelled to remind everyone to buy some PM's... prices are decent right now. A few ounces of silver here and there is a very good idea, IMO. Might add an ounce of gold if possible that wouldn't hurt either.
Might add an ounce of gold if possible that wouldn't hurt either.
Oh, for sure... it’s just a much higher $ entry point, but I definitely recommend gold too. I’ve even known folks to buy a little silver at a time until they have enough to trade for single oz of gold. Doing so makes for a lighter stash, that’s for sure.
I am officially going to invest significantly less. I will still invest little on super beat up ones with some potential. I will do very little options, but I do not want to tie my money in this stock market. I dont care i miss out at this price. Simply put, no long, no short for now.
Today is 2/15/2018.
I agree with manipulation of market. Some private equities guys always think securities traders and investors are "rolling the dice." It can be a lot safer than private side.
Another thing to add is this stupid stuff like " you day trade?"
Day trading Era has been disappeared around since 2005ish after HTF makes up volume. Different game now. It is more of an position trading now.
Just look at the bid/ask on stock has substentiously shrunk. Compare to 12 years ago.
People are saying that I am missing out right now.
It's okay. There are other good ways to make (at this inflation rate, it is more like hedging against inflation) $.
BTW, I just looked at my past post, and it is surprising that I've never posted here about Advanced Micro device since 2012.
Intel has been screwing the pooch in a big way. They've delayed their 10nm lithography since 2016 and hope to have it available toward the end of next year. Meanwhile, AMD is killing it on the server side with their EPYC CPUs. They have the highest density of CPU and RAM in the industry, which is important to cloud and virtualization businesses. They're sampling 7nm chips now, and will be shipping in volume next year.
Intel has been screwing the pooch in a big way. They've delayed their 10nm lithography since 2016 and hope to have it available toward the end of next year. Meanwhile, AMD is killing it on the server side with their EPYC CPUs. They have the highest density of CPU and RAM in the industry, which is important to cloud and virtualization businesses. They're sampling 7nm chips now, and will be shipping in volume next year.
Did lots of HW on AMD even during hector ruiz, rory reed era. Glad that Lisa Su became a ceo who is an engineer (FINALLY). Bought good amount of sr at ~1.80 prior to PS4./XBOX1 release. Then Sold bout 55% of my position @~4.50ish to buy 2 vehicles! One of the Dumbest financial decision of 2014.
I was suppose to buy it again when Su became a CEO and dipped under 2/sr, but I did not. I was busy looking at other stocks,.
[Mad] [Rant1] [Rant2] [hammer][Shake]
On top of it, i was called "AMD Fantard" "Villege idiot" "in your dreams" "This POS isn't going to $12/sr. You are an idiot!" etc. around 2012-2016ish.
Aloha_Shooter
08-28-2018, 21:28
MrPrena, if it makes you feel any better, I sold my AMD stock 20 years ago and forgot to buy again on the next dip. Worse, I sold Apple stock on an up cycle expecting another downturn because they had just come out with a dumbest product I could think of: the iPod. That let me walk into the Chrysler dealership and buy my next new car with a check, no loan. Never understood why in God's name someone would pay $300-400 for DRMed iPod when they could rip their own CDs and buy a generic MP3 player with more memory for $100 ... never saw another dip to buy the stock back. 16 years later, I looked at my beat-up Chrysler and figured out it had cost me $1M after repeated splits and stock growth ...
beast556
08-29-2018, 14:22
Reminds me I need toget some more bars.
MrPrena, if it makes you feel any better, I sold my AMD stock 20 years ago and forgot to buy again on the next dip. Worse, I sold Apple stock on an up cycle expecting another downturn because they had just come out with a dumbest product I could think of: the iPod. That let me walk into the Chrysler dealership and buy my next new car with a check, no loan. Never understood why in God's name someone would pay $300-400 for DRMed iPod when they could rip their own CDs and buy a generic MP3 player with more memory for $100 ... never saw another dip to buy the stock back. 16 years later, I looked at my beat-up Chrysler and figured out it had cost me $1M after repeated splits and stock growth ...
I sincerely believe that most of diciplined investors (another word, not greedy.no panicing) will have lots of opportunities like AAPL AMZN and the infamous YHOO and CSCO in the 90s. :D
I sincerely believe that most of diciplined investors (another word, not greedy.no panicing) will have lots of opportunities like AAPL AMZN and the infamous YHOO and CSCO in the 90s. :D
I believe JD and anything to do with Crispr like EDIT and NTLA stand a good chance at being such opportunities... I am holding all 3 for the long term.
I believe JD and anything to do with Crispr like EDIT and NTLA stand a good chance at being such opportunities... I am holding all 3 for the long term.
Thanks for the great tip, and I will initiate the HW. It is not the sector/ind I am huge fan of anymore (pharma/biotech), but definitely would love to start the heavily beat up (distressed) or ones with good potentials.
Thanks for the great tip, and I will initiate the HW. It is not the sector/ind I am huge fan of anymore (pharma/biotech), but definitely would love to start the heavily beat up (distressed) or ones with good potentials.
My pleasure. For those who don’t know, JD.com is currently the little brother to Alibaba (the Amazon of China), but JD has taken a lot of strategic moves the last year or so, which could help it overtake BABA in a number of ways over time.
Keep an eye on AOBC, up 42% on Friday
Keep an eye on AOBC, up 42% on Friday
That was a wild ride to watch. Funny how it wasn't covered so much in the media. There were a few articles, but that was pretty big news. I guess they don't want to mention money being made on 'guns'.
JD is down a lot this morning... could be a good time to buy a few shares.
BladesNBarrels
09-05-2018, 08:58
52 week low for JD and Fidelity ranks it as bearish (2.8 on 10 scale)
Hmmm, might have to sell a put.
[Coffee]
52 week low for JD and Fidelity ranks it as bearish (2.8 on 10 scale)
Hmmm, might have to sell a put.
[Coffee]
I've been bearish the last 2 quarters, buying more on dips like today, but still quite bullish for the long term... To put it in the simplest of terms, my opinion/strategy is based on the fact that China has twice the population that the US has and less than 50% of that population has internet access right now, but that's changing FAST. I am also long on BABA, but think JD has a good chance of higher % growth in the next few years...
For what it's worth, Amazon has a $1-Trillion market-cap with only 310-315 million users... JD's market cap is 38B and BABA's is 427B.... which of those two has the largest % growth opportunity given the population, internet, and ecommerce trends globally?
If I'm wrong and lose a few K, so be it, but if i'm right and that few K turns into the balance of my mortgage in 5-10 years, I'm thrilled.
Vitesse304
09-17-2018, 17:19
With the recent drop in spot on Silver, is anybody stocking up?
I was thinking of picking up a few more Silver Eagles and Canadian Maples...maybe a few others...
Anyone watching WTI or Brent?
WTI was down a smidgen but Brent lost 4.25% down to $76.44.
With the recent drop in spot on Silver, is anybody stocking up?
I was thinking of picking up a few more Silver Eagles and Canadian Maples...maybe a few others...
It wasn't that big of a drop, silver is under $20 so it is on sale, been on sale for a few years now.
I predict sucker rally coming afterward.
" yo sell your great grandpa's farm and ranch and buy it on a dip bro. My cuz said do Dollar Cuz Average."
So that smart money can get the hell out of the market without turbulence.
[LOL]
Housing inventory is on the rise in The metro area and I am seeing price reductions and houses on the market for longer than 2 weeks wonder if it’s the season or the correction has started
That's what all the reports have been saying.
That's what all the reports have been saying.
Which one or both? Season or correction? Don't home sales slow down as the school season starts and holidays approach?
Which one or both? Season or correction? Don't home sales slow down as the school season starts and holidays approach?
I've heard more stuff about a correction rather than the season.
Firehaus
10-23-2018, 21:55
I've heard more stuff about a correction rather than the season.
Correction slowly started last summer.
Population numbers are down from previous years.
Interest rates rising will have an effect on monthly payments. Especially in the slowest moving housing segment, $600k-$800k.
Sent from my iPhone using Tapatalk
The dip in Jan/Feb and the recent dip has wiped out any gains I made this year. Lost $50K+ in the market.
Blah. So much for retiring in two years.
Great-Kazoo
10-23-2018, 22:51
Which one or both? Season Don't home sales slow down as the school season starts and holidays approach?
Always a slow down. No one wants to relocate while the kids are in school, holidaze and weather. Too many family things going on w/out needing the insanity of trying to show and look for a house, keeping it clean and packing up in between Helloween and Christmas.
I have been watching the 10 and 30 year Treasuries, both are over 3% now. I'm glad I refied a couple years ago at 2.750%. My boss is buying a house, her interest rate is 4.2% I think.
Oil is falling a little, WTI is at $63 and Brent is at $73, might see a little relief at the pumps.
Silver is still under $15.
Oil continues to fall, WTI is under $60 and Brent slipped under $70. Apparently there is a little glut of oil out there plus we're looking at spring contracts so the home heating oil contract time has passed.
The Fed didn't raise interest rates at this past meeting but they indicated that they will next year.
The 10-year Treasury is at 3.2%, 30-year Treasury is at 3.4%, Wall Street Prime Rate is at 5.25% and the LIBOR is at 3.12%.
Big drop in oil, WTI is down 6% to the $56 handle and Brent is down nearly 6% to the $66 handle.
https://oilprice.com/Latest-Energy-News/World-News/OPEC-Cuts-2018-Oil-Demand-Growth-Forecast-By-40000-Bpd.html
OPEC expects global oil demand to grow at a daily rate of 1.5 million bpd this year, further slowing down to 1.29 million bpd in 2019, the organization said in the latest issue of its Monthly Oil Market Report. This is 40,000 bpd and 70,000 bpd lower in demand growth projections for 2018 and 2019, respectively, from last month’s report.
hollohas
11-14-2018, 09:10
Silver dipped down around $14 now. That's pretty darn low.
JM Bullion offers a deal for first time customers. You can buy ten, 1oz rounds for spot, shipped. You can't beat that.
Silver dipped down around $14 now. That's pretty darn low.
JM Bullion offers a deal for first time customers. You can buy ten, 1oz rounds for spot, shipped. You can't beat that.
Yeah, gold is around $1200 too.
...A N D my portfolio is down over $40K again.
Fawken Demoncrats.
BushMasterBoy
11-14-2018, 15:30
Democraps vs Repubelickans ? Doh!
kidicarus13
11-14-2018, 15:44
JM Bullion offers a deal for first time customers. You can buy ten, 1oz rounds for spot, shipped. You can't beat that.Thanks
Democraps vs Republicants ? Doh!
FIFY
Everything is too expensive (non-fundamentally speaking) right now. Less upside and lots of downside.
I will hold cash or invest in other areas and wait.
I am sure most of folks here are not going to buy
"chillax! Look at the PE and EPS. Fundamental is there!"
^
1987
2001
2008
Same talk different action by institutions while retail investors are holding huge bag of shit for decade to come.
Dillards missed and drags most of small details down.
Was surprised to see 1 year US Treasuries going for 2.74% this morning, 10 year at 3.10%. Little spike after a big bump.
I've been somewhat of a perma-doomer since 2007/08 but I still don't understand the markets right now with this higher cost of capital. When rates were 0% for Obama it made sense to me. With the metric shitton of liquidity created by 8 years of ~0% rates, the higher cost of institutional borrowing doesn't add up.
The higher retail cost of borrow does make sense (they are squeezing debt customers). And then I look at housing costs! :confused:
NVdia missed. Not too surprise after AMD earning conference being so similar.
Too bad that NVDIA options play wasn't in the picture during to being damn expensive prior to earning.
No surprise on JWN after Dillards.
I wanna see kohls ross and tjx .
https://www.marketwatch.com/story/nvidia-has-a-pascal-problem-and-its-stock-is-plunging-after-earnings-2018-11-15?siteid=yhoof2&yptr=yahoo
?Gaming revenue was short of our expectations, and our fourth-quarter outlook is impacted by excess channel inventory of midrange Pascal products,? Nvidia Chief Financial Officer Colette Kress said in a statement. ?We believe this is a near-term issue that will be corrected in one to two quarters, and remain confident in our competitive position and market opportunities.?
Gaming revenue rose 13% from a year ago to $1.76 billion, but that was way below the Wall Street consensus of $1.91 billion.
On a conference call, Kress said that the quarter ?included a $57 million charge for prior architecture components and chips following the sharp falloff of crypto mining demand.?
WTI is on the $50 handle and Brent is on the $58 handle, oil is really taking a tumble.
Gold is at $1223 and silver is at $14.36.
BushMasterBoy
11-23-2018, 18:23
Got two oz of AG this week. Avg 40% under spot.
NYSE=New York Scam Exchange
WTI is on the $53 handle and Brent is on the $61 handle, oil is rebounding some.
Gold is at $1238 and silver is at $14.59.
Found this article on the burning platform. https://www.theburningplatform.com/2018/12/02/tick-tock-4/
“This country, and with it most of the Western world, is presently going through a period of inflation and credit expansion. As the quantity of money in circulation and deposits subject to check increases, there prevails a general tendency for the prices of commodities and services to rise. Business is booming. Yet such a boom, artificially engineered by monetary and credit expansion, cannot last forever. It must come to an end sooner or later. For paper money and bank deposits are not a proper substitute for non-existing capital goods. Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. It has happened again and again in the past, and it will happen in the future, too.” – Ludwig von Mises – 1952
...but our betters in Washington, DC and on the NYSE don't read history.
The current artificial boom would have ended in 2018, but Trump’s massive tax cut for corporations, who used their windfall to buy back their stock at all-time highs, and reckless government spending increases directly into the pockets of the military industrial complex, gave the GDP one final burst. Pumping adrenaline into a patient with cancer will also give the patient a momentary appearance of health, but the cancer continues to grow.
I will refute the author's reference to windfalls, a windfall is defined as unexpected and these earnings were most certainly expected. The results of President Trump's corporate tax cuts are not windfalls, they represent real monies earned by companies and held offshore until President Trump made it possible for this money to come home. These monies would have remained offshore if the vile hag had won the 2016 presidential election. The author also appears to want to control how these companies spent their money. I may not like stock buy-backs but it is their money, they can do what they want.
The author also ignores the fact that we need a strong military, I know there is waste and corruption but those things are part and parcel of any business. We need a strong military because if we don't the Chinese and Soviets will and the rest of the world most certainly does not want that.
Wall Street is only paper but that paper has value so I continue to contribute to my 401K in spite of my aversion to Wall Street. I practice financial diversity so I buy gold and silver too.
BushMasterBoy
12-06-2018, 10:00
At the time of this post, all my indices are down.
76741
I just stumbled on this.
ECB ends €2.5tn eurozone QE stimulus programme
https://www.bbc.com/news/business-46552147
The ECB began its asset purchase programme in 2015, years after the UK and US took similar action to shore up their economies.
This was announced in June 2018. I know that the EU was running a QE program, just didn't pay much attention to it.
LOL, "shore up" their economies. You know, I never saw one red cent from TARP or QE done here so you know who this bullshit actually benefits.
Weibo Corp (WB) might be one to watch (or buy). It's China's twitter, in essence. I've been playing with it for months now, it peaked at about 140 and bottomed at 53. The 50MA is now gaining in it's 60's, with very strong financials every quarter.
Yes, it's China. Yes, there's probably some manipulation as there is in every stock. But, at this point its lower risk (can only bottom down so much further), very high value, which is unusual in the market. If anyone is wondering why it dropped, it's buyer confidence after trade wars, primarily, which is moronic on it's face because China's twitter isn't exported/imported. *but*, what is the stock market if not general buyer sentiment and a presumption of what buyer sentiment will be driving panic.
I agree 100%. Now is a great time to buy WB!
For what it may be worth, I have been buying WB, JD, BABA, IQ, BILI, and EMQQ (an ETF, providing exposure to more tech companies in the emerging market sector) during this down turn and am loving it, despite being "down"... I believe it is a very good idea to buy and hold equities like these for a few years.
I am officially going to invest significantly less. I will still invest little on super beat up ones with some potential. I will do very little options, but I do not want to tie my money in this stock market. I dont care i miss out at this price. Simply put, no long, no short for now.
Today is 2/15/2018.
https://www.ar-15.co/threads/91081-Long-Position-on-Silver-and-Gold?p=2119421&viewfull=1#post2119421
https://www.ar-15.co/threads/91081-Long-Position-on-Silver-and-Gold?p=2159131&viewfull=1#post2159131
whoop-de-doo..... [Roll1]
Sure I was right, but it was about 5-7% difference between right and wrong. Basically near even.
https://i.imgur.com/dIuAgAn.jpg
Looks like indicies will be head-and-shoulder- [knee and toes knees and toes].
It is just showing 1 shoulder and head forming as of 11am.
Fed raised the rate again.
The rates were too low during much of the messiah's reign but I think the Fed is raising them too quickly. There may be some relief as the Fed projects only 2 rate increases next year, not 3 like they planned in September 2018.
Can't overlook the politics here either, the Fed would have much preferred Hillary since they bought and paid for her.
I am taking a beating in the markets. Very depressing.
Yeah, I try not to look when I know the markets are down, and I look often when they are up. Just gotta remember, the long haul and all....
BushMasterBoy
12-20-2018, 11:52
Russia sabre rattling, technological stagnation, glut of oil,too much money vs too little good & services.
North Atlantic cod stock decimated, emerging infectious diseases. Xmas and investors withdrawing funds. Think pictures, not words. Merry Christmas.
I bought some stock in Newmont about a month ago. This may be interesting especially if gold prices come back up after the deal.
Newmont Mining to buy Goldcorp in $10 billion deal to create world's largest gold producerhttps://www.cnbc.com/2019/01/14/newmont-to-buy-goldcorp-in-a-10-billion-all-stock-deal.html
I seriously thought all indicies would be lower today.
During the siege of Stalingrad the gold to silver ratio was out of wack due to the weight of silver compared to gold. When people flee danger or oppression they travel light and gold is much easier then silver to carry.
I'm reconsidering my holdings of silver due to the current police state and the building of barriers to hinder my travel.
The population as a whole are to young to remember when silver was actually used in coins and the dollar was a silver certificate.
For some reason gold is always a attractive metal.
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