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For entertainment purposes. I can't imagine what the index will eventually decline against.


 
Wall Street Apes@WallStreetApes

How desperate do you need to be to BORROW 100,000 #AMC shares at a price of 385.2% borrow fee?

These criminals don’t care about burning through money because it’s not their money, they’re burning through your retirements. They’re trapped in bad bets trying to short AMC into bankruptcy for profit. If they had succeeded they wouldn’t have to cover their short or naked short positions. Now thanks to the APES they have to pay any price to try and stay in the game. @SpeakerMcCarthy any comment?



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I can't imagine what the index will eventually decline against.

That is the issue... DXY is 60% Euro an the EUD is a bigger big of crap than yours + US prospects are better.

It's almost like they knew this would screw over the competition harder than it would the USA.


JMO -> Race to the bottom with no clear winner. AKA the rest of the world will not let you devalue that much, they will out print you to compete.

Competitive currency devaluation.

Gold should win.

I could be wrong.
 

That's a fuck off, don't short this stock borrow price.

JMO.
 
JPow on tap for a speech today. Meanwhile...


 

 
For entertainment purposes. I can't imagine what the index will eventually decline against.


View attachment 6659
Hey Lancers, I'm not quite getting the lettering of this chart. Is it classic Elliot Wave or something different? I threw my own chicken-scratch on there using classic EW rules and had a slightly different outcome.
What stuck out is the low of Wave 4, was the same level as wave 1 . . which was @90.
Kinda odd. As if it were manipulated or sum...
This also affects Wave A and C levels. which suggests the correction won't be as deep as classic Fib levels.

What I'm saying is I don't have a fucking idea, and we should know by 2034.
These are not free markets and they won't comply with traditional charting. See below.
 
The USD falls when things are going well and rises when the poo is getting deeper. e.g. 2008.
 
Raoul is bullish...

 
JPow talks mildliy dovish. Other Fed members talk mildly hawkish. Seems like the Fed is trying to "good banker, bad banker" the market.


 
Complete arrogant baloney. Banks can no more shut down Crypto then they could shut down Russia. Not that they won't try.

If they shut down the on ramps it will be mostly useless. When the cbdc arrives they will do just that. While crypto may still exist it won't be very useful, in fact they will probably criminalize it's use.
 
If they shut down the on ramps it will be mostly useless. When the cbdc arrives they will do just that. While crypto may still exist it won't be very useful, in fact they will probably criminalize it's use.

So, What do you think they use for the Dark Web now? The average American commits 3 felonies a day, and that was 20 years ago. What's another one.

They will try and do the same thing for gold. How do you think that is going to work?
 
I don't do EW even the guy who wrote the book about the guy who wrote the book screwed the pooch so hard I swore it off completely. I only posted the chart to show the last 20 years of price. Since it is a basket of all kinds of diluted crap it can't go to 0.
 
I don't trust this crypto business but I am an old man so while the paper is nothing at least I can pay for necessities with it at stores and online. Can't really do that with crypto now can you imagine being able to use it after CBDC is introduced? You'd be lucky to be able to use Gold and Silver for anything this other crap no thanks.
 
Look at this mess WXY where's the Z? Oh that's right can't use that letter anymore.



 

 

I think that the market is fractal as Elliot observed BUT seeing that and quantifying it in real time is a movable feast. 20/20 hindsight is great with EW, but real time... never seen anyone be that good at it.
 
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