Long Position on Silver and Gold?

[brutal]

Democraps vs Republicants ? Doh!

FIFY

[MrPrena]

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.

[MrPrena]

Dillards missed and drags most of small details down.

[Skip]

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!

[MrPrena]

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/nv...of2&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.?

[roberth]

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]

Got two oz of AG this week. Avg 40% under spot.

NYSE=New York Scam Exchange

[roberth]

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/2...2/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]

At the time of this post, all my indices are down.

stock crash.JPG

[roberth]

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.