2026 Lunatic Fringe - Market and Trade Chat

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Spirit Airlines is gone. 17,000 jobs. 34 years. Shutdown effective immediately.

In 2024, Elizabeth Warren celebrated blocking its merger with JetBlue as a win for consumers. The logic: stop the merger, protect competition, keep fares low.

What actually happened: Spirit filed bankruptcy twice anyway, couldn't survive soaring fuel costs from the Iran war, and no buyer materialized. The Trump administration tried a bailout. That also failed.

Warren's "win" didn't kill Spirit alone. But she handed a terminally ill airline a shovel and called it a rescue.
 
Spirit was based in Dania which is next to the FLL airport (Hollywood/Ft.Lauderdale) a former military base famed for the lost squadron of Flight 19. Dania is a quiet beach town with remnants of segregation leftover from the 50s and 60s. East of US1 is generally nice, clean older homes and apartments. West of US1 is the ghetto and light industry.

The beaches are good and crowded. There is an artificial reef of concrete jacks near shore which was one of my favorite places to SCUBA dive, spearfish and harvest lobster. I will never forget the time I was surrounded by bull sharks on a spearfishing dive. I did not immediately bring the fish to the boat and was holding them in my bug bag. Needless to say I believe Jesus walked on water because I did the same with a full pack back to the boat.

Probably one of the most well known businesses is Jaxon's Ice Cream Parlor which has been around since the 50s or 60s. It has a bunch of antiques in the restaurant and serves homemade ice cream in large portions. They were know for the "Kitchen Sink". The original owner was a character who wore a straw hat and red striped vest. His daughter runs the place now.

Spirit Airlines was a low cost carrier and obsolete business model that could not make enough money to stay in business. They had zero customer service. Stay away from airlines stocks. I don't know of anybody that buys them other than employees?
 
Goldhedge said:
Who wants to be the first?
...
Click to expand...

I did it earlier this morning after a few failed attempts due to some cloudfare BS.

Post in thread 'Gold Backs, The New Gold Currency -- Jeremy Cordon'

They are now giving one 1/2 Goldback note away for free*:

Free Goldback

Claim Your Free Goldback Today Experience the power of gold-backed currency and begin building lasting financial security. Take control of your wealth with a tr
freegoldback.com

* You must consent to receiving promotional communications via email and/or regular mail

You get to choose which series from Florida, Oklahoma, Arizona and Idaho.
 
It'll be a collector's item... 1/200 troy oz....
 
Latest May 2026 Rebalance Highlights (from the May 5 post)15 new stocks picked for the month.

@grkportfolio

Top new pick: Sable Offshore ($SOC) at 8% weight. Thesis: DOE-authorized restart of Santa Ynez production (up to 50k bbl/day in $100+ oil), strong EPS potential, high short interest for squeeze setup.

@grkportfolio

Largest overall position: Broadcom ($AVGO) at 8.58%. Held from prior rebalance (up ~30% since entry). Thesis: Strong AI semis revenue growth, VMware software margins.

@grkportfolio

Key holding: Iris Energy ($IREN) at 7%. Thesis: Major Microsoft AI power contract, renewable energy capacity ramp.

@grkportfolio

Other mentioned picks in the thread: Micron ($MU), Vistra ($VST), MicroStrategy ($MSTR), Kratos ($KTOS), plus 8 more (full details behind the Autopilot paywall or images in the thread).

@grkportfolio

The portfolio has a clear AI/tech tilt (semis, data centers, power) with energy, defense, and other themes mixed in. Exact full current allocations and weights aren't fully public without accessing the Autopilot platform (link: https://marketplace.joinautopilot.com/landing/5/568906), as it's designed for users to copy trades automatically.

@grkportfolio

For the most up-to-date full list, performance, and theses, check the @grkportfolio
X account (they post monthly rebalances with charts) or the Autopilot page. Note: This is an independent experiment—not directly run by xAI—and past performance doesn't guarantee future results. Always do your own research before investing.
 
Could this be where tech starts to rollover? It recovered a bit today, but got slammed in the am. People will need to rotate out of tech and financials before PMs really explode.
 
I expect silver lease rates to blow out (again) very soon.

SLV broke it's see saw vault stock pattern yesterday with a second consecutive inflow (and a large 1.1M ozt at that). That's pressure on the LBMA.

COMEX Silver 5000 May26 contract EFP spread has been firmly positive for 3 days in a row now. There is no profit arb for draining COMEX silver and shipping it to London. That's zero support for the LBMA.

SFE+SGE continue adding vault stock. Presumably, the UK (LBMA) exports to Hong Kong/China are still running strong. That's pressure on the LBMA.

India just resolved an issue that was holding up silver (and gold) imports for the last 5 weeks or so. India also raised import duties, so Indian imports might slow down, but slow imports is still greater than the zero imports that reportedly have been the norm for the last few weeks. That's pressure on the LBMA.
 
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