Five days to May and the Dow down 393 .
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Five days to May and the Dow down 393 .
Bump.
No need to list all the reasons why. DB looking reallllllly perilous, especially while Italian bonds go parabolic. DAX closed at 12,666.
I would expect the market to continue with stagnation the remainder of the year .
http://themacrotourist.com/images/2017/02/TRFeb1617.png
Dow basically same as it was when the tax cuts were signed. Just look at how much they are boosting things!
Dow futures down 400 pts as of 3:30am.
implied open -365 and moving quickly as of 4:55am. active market today!!
When the Fed completely shuts off the PPT (looks to finally be starting imo), it'll get interesting in a hurry. Expect lots of "Due to extreme activity, brokerage XXXXXX web access is unavailable. We apologize. Have a nice day." messages.
Just look at the absolutely ridiculous valuation of Tesla (though Tesla is merely a conduit to funnel money to SpaceX and Boring Co.) to estimate how much fake digital currency the PPT/ESF has pumped into the markets. Tesla is probably fair valued around $75-100/share, if that much.
I think TPTB will try to keep the center holding until a September or October surprise crash to affect the mid terms. It really depends on how important to the globalists it is to stop Trump immediately with a change in balance in Congress, or if they would rather keep their powder dry until 2020. Perhaps a mini crash this fall, then a mini recovery and the bottom falls out in 2020.
I'm fairly neutral on Trump, but I do think he is mucking up the NWO plans, for which I am grateful.
I know stories like this are a dime a dozen.
https://banyanhill.com/exclusives/70...arns/?z=977298
Nothing will happen until Sept/October my guess.Could be a crash around then.
Probably a good spot to pick up gold and gold stocks. A little bit of blood in the streets
GDX- Goldminers- 18.64
My tiny position on ALO is getting killed and only because their quarterly earnings weren't to "Wall St Expectations". Still profitable, still extracting metals but share price knocked into the dirt and will probably be delisted soon. These markets are so messed up.
On the "bright side", the indexes will absolutely start tanking before the end of August. We won't have to wait too much longer for the illusion to finally start to crumble.
It is funny there no gold threads right now when it actually makes sense to be a gold bull. There were all sorts of them in 2013 during euphoria. A couple of interesting factoids.
Here is the average return of gold miners when you have selloffs like this.
2009: Market Crash Looming.
2018: Longest Bull Market in History (it will be on Wednesday).
https://cbsnews1.cbsistatic.com/hub/...s-2009-now.pngQuote:
Unless the stock market drops significantly by the end of trading Wednesday, the bull market that started March 2009 will have lasted nine years, five months and 13 days. The long rally has added trillions of dollars to household wealth and boosted the economy.
https://www.cbsnews.com/news/u-s-sto...r-bull-market/
My hold time is pretty short. So I am the wrong person to ask. But since you did ask...
USAS in the low 2s high 1s might be worth a look. https://www.americassilvercorp.com/s...1/2018q2fs.pdf
Trades right at book value. Their primary business was silver but mining silver is unprofitable at these prices. The company figured out how to survive by focusing on lead and zinc production and if silver prices ever recover they will be in position to take advantage. Silver is at 2006 levels right now. Seems at least possible Silver could trade up over the next few years.
This company could be dead money for a year and could easily get cut in half. But could also trade up to 4.5-5 if mining stocks catch fire. It is a real company which distinguishes itself from almost all penny stocks and especially junior miners.. It will probably take a while for things to play out.
If you're a bearish sort that plays the markets, I advise checking out SPX puts with end of November expiry (or longer if you can afford the time premium). Avoid November 16 expiry, only after.