The Lunatic Fringe - Market and Trade Chat

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more. You can visit the forum page to see the list of forum nodes (categories/rooms) for topics.

Please have a look around and if you like what you see, please consider registering an account and joining the discussions. When you register an account and log in, you may enjoy additional benefits including no ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Zed said:
Silvergate blowing up..

Click to expand...


Interesting, it is down 30% after hours. I'm pretty surprised after all the Dirty Billionaires recently pouring money into the thing. Guys like Ken Griffin (meme stock enemy #1), Soros, etc.

finance.yahoo.com

Silvergate slumps 28% after delaying annual report, warning about viability

Silvergate had been trying to ease investor concerns over its future after reporting a $1 billion loss for the fourth quarter in the wake of crypto exchange FTX's bankruptcy, which shook confidence in the digital asset sector. Federal prosecutors in Washington are probing Silvergate and its...
finance.yahoo.com finance.yahoo.com

Just going to guess that this is part of the FTX/global money laundering scam that has been imploding.

www.fool.com

Ken Griffin Is Buying One of the Most Shorted Stocks In the Market | The Motley Fool

Ken Griffin is the CEO of the hedge fund and market maker Citadel Securities.
www.fool.com www.fool.com

Gotta love this -> Citadel purchased a more than 5% stake in a stock
 
Cigarlover said:
No iPhone or even cell phone and no interest ingesting one. Now I see all this Ai crap everywhere. Will people ever wake up to the fact that technology isn't our friend?
Click to expand...

This revolution will get scary IMO.
 
Cigarlover said:
ok I take that back. I probably should have warned everyone, I sold my puts on Tuesday. 🤣 Probably time to start a subscription service. I announce all my trades and everyone does the opposite and gets rich.
Click to expand...
You aren't posing as Jim Cramer in drag are you???
 
10 Year Yield Daily - On the march to the old highs...

US10Y_2023-03-03_10-23-41.png
 
20 Year Yield Daily - Broken out of range and looking to set a higher high. Resuming the up trend?

US20Y_2023-03-03_10-24-49.png
 
USDX Daily - Much over 105 and it is looking like a completed base build.

DXY_2023-03-03_10-36-18.png
 
Goldhedge said:
Click to expand...

I think this is part of the CB plan. Destroy capital and you destroy demand, investment, and job creation. Powell has been pretty clear, there will be pain. He wants lower stock markets, lower housing prices, and higher unemployment. In his mind all of that will lead to capital scarcity and destroy demand. Not arguing he is right or wrong, just stating that that is what he is looking for. After a year of his tightening policies he isn't getting what he wants. NQ is down 25% and housing is starting to come down but the recent numbers in housing and unemployment are working against him. Thats why he also says he may have to raise rates higher and for longer than he anticipates.
 
Cigarlover said:
I think this is part of the CB plan. Destroy capital and you destroy demand, investment, and job creation. Powell has been pretty clear, there will be pain. He wants lower stock markets, lower housing prices, and higher unemployment. In his mind all of that will lead to capital scarcity and destroy demand. Not arguing he is right or wrong, just stating that that is what he is looking for. After a year of his tightening policies he isn't getting what he wants. NQ is down 25% and housing is starting to come down but the recent numbers in housing and unemployment are working against him. Thats why he also says he may have to raise rates higher and for longer than he anticipates.
Click to expand...
I don’t think Powell has any respect for the Lagging Factor. The repercussions of what he’s already done will be increasingly felt until 2025.
If he continues to raise interest rates until a retracement back to 2% inflation, the global economy will be decimated.
And I’m actually OK with that.
 
Cigarlover said:
I think this is part of the CB plan. Destroy capital and you destroy demand, investment, and job creation. Powell has been pretty clear, there will be pain. He wants lower stock markets, lower housing prices, and higher unemployment. In his mind all of that will lead to capital scarcity and destroy demand. Not arguing he is right or wrong, just stating that that is what he is looking for. After a year of his tightening policies he isn't getting what he wants. NQ is down 25% and housing is starting to come down but the recent numbers in housing and unemployment are working against him. Thats why he also says he may have to raise rates higher and for longer than he anticipates.
Click to expand...
This kind of fits in with the theory (conspiracy?) they want to reduce the population of the world. Killing demand, killing off the population all have the same effect.

They're wiping out the dollar (because it's past its 'use by' date) so they can introduce digital controls on the rest of the world. They tried WWIII in Ukraine but that's failing miserably. 'War' is their 'go to' for reorganizing the financial geography of the world.

Stacy Abrams is in Nigeria 'monitoring' their elections. Neuland is there as well - not sure why. A sign of the Deep State looking for a new home because Ukraine is a lost cause??

None of it is a natural progression.
 
Jodster said:
I don’t think Powell has any respect for the Lagging Factor. The repercussions of what he’s already done will be increasingly felt until 2025.
If he continues to raise interest rates until a retracement back to 2% inflation, the global economy will be decimated.
And I’m actually OK with that.
Click to expand...
Or, maybe he does but he sees what fed gov is doing (spending like drunken sailers and working against him) So he says hey, lets make it painful for them to keep spending.
 
A barometer of business conditions at service-style companies such as hotels and hospitals held steady at a robust 55.1% in February, showing the U.S. economy is still in expansion mode.

“Sales activity is generally strong despite economic headwinds,” a senior restaurant executive told the Institute for Supply Management, publisher of the report.

Numbers above 50% are a positive sign. The closely followed ISM reports are the first major indicators of each month to offer clues on how well the economy is performing.

Economists polled by The Wall Street Journal had expected the index to drop to 54% from 55.2% in January.
...
Click to expand...

www.marketwatch.com

Most U.S. businesses still growing, ISM finds, in sign of economy's resilience

A barometer of business conditions at service-style companies held steady at a robust 55.1% in February, showing the U.S. economy is still in expansion mode.
www.marketwatch.com www.marketwatch.com

Strong economy = moar Fed pain
 
Russell 2000 Weekly chart.

On this weekly chart in the short term stocks remain stubbornly positive.

If the price closes a week below that 10 week moving average, my Weekend Trend Trader strategy becomes defensive (and I would kind of appreciate that.) But for now we are in condition green playing offense. On Monday I will sell 1 stock for +0.56% gain and buy 2 new ones.

IWM_2023-03-03_17-35-42.png
 
Zed said:
How dare they!

www.abc.net.au

A former bikie walked into a government-owned mint to buy gold. Officials didn't ask any questions

A Four Corners investigation uncovers major holes in the money laundering defences of Australia's biggest mint — failings that could cost taxpayers billions of dollars.
www.abc.net.au www.abc.net.au

... on the other hand we do know he bought it and I guess if they could have locked him up for summin they'd have him behind bars... so?! Anyway... outrageous!!!
Click to expand...
Propaganda but to what end? CBDC? Or merely anti-gold? Anti cash?
 
AI is going to be so disruptive. I heard Zed when he said "Get long AI." [I'm not long now, but makes a lot of sense.]

www.caktus.ai

Caktus - Educational A.I.

The most powerful AI built for students. Instantly write, solve, code, and more!
www.caktus.ai www.caktus.ai
 
dpong said:
AI is going to be so disruptive. I heard Zed when he said "Get long AI." [I'm not long now, but makes a lot of sense.]

www.caktus.ai

Caktus - Educational A.I.

The most powerful AI built for students. Instantly write, solve, code, and more!
www.caktus.ai www.caktus.ai
Click to expand...

It's going to be a problem...

Most of academia could fake it using AI, we don't look for or even like original thinking let alone gear testing toward original thought.

Brings a whole new dimension to "phoning it in"!
 
dpong said:
AI is going to be so disruptive. I heard Zed when he said "Get long AI." [I'm not long now, but makes a lot of sense.]

www.caktus.ai

Caktus - Educational A.I.

The most powerful AI built for students. Instantly write, solve, code, and more!
www.caktus.ai www.caktus.ai
Click to expand...

I'm afraid I can't do that Dave.

Now way, no how do I let Woke AI teach my kids. You'd have to be beyond stupid to think that's a good idea.
 
dpong said:
Propaganda but to what end? CBDC? Or merely anti-gold? Anti cash?
Click to expand...

My opinion has always been that they want the middle class out of the asset. Volatility scares them off, tainted rep helps and IMO it's one of the reasons they never went after GATA. They look like tin foil hat wearing goldbugs and what middle class family wants that sort of rep attached to them. It's the whole mad eyed 'goldbug' thang that Wall St has fostered over the years.

JMO etc..
 
dpong said:
AI is going to be so disruptive. I heard Zed when he said "Get long AI." [I'm not long now, but makes a lot of sense.]

www.caktus.ai

Caktus - Educational A.I.

The most powerful AI built for students. Instantly write, solve, code, and more!
www.caktus.ai www.caktus.ai
Click to expand...

The question is... is it the new 'calculator' or will it fundamentally undermine understanding of the subject being taught? Most people can't calculate mentally now, but do they really need to?

When it comes to tax it is obvious that they patently misunderstand percentages! Maybe it's the calculators fault!

{sigh}

I just don't know... embrace it or fear it?
 
Voodoo said:
I'm afraid I can't do that Dave.

Now way, no how do I let Woke AI teach my kids. You'd have to be beyond stupid to think that's a good idea.
Click to expand...

It's a 'tool' for students but I am sure teachers will find lots of value in it.
 
... The spread between BBB rated dollar-denominated corporate debt and the earnings available on the S&P 500 Index of stocks is now above zero for the first time since the global financial crisis. ...
Click to expand...

Credit-Stock Spread Sends Flashing Alert Signal | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Irrationally exuberant
 
Nice! WTT up 72% on PTGX. Good clinical trial results.

[As of the close, up 89.57% since purchase.]

PTGX_2023-03-07_16-02-23.png
 
Last edited:
pmbug said:
www.cnbc.com

Fed Chair Powell says interest rates are 'likely to be higher' than previously anticipated

Citing earlier data showing that inflation has reversed the deceleration in late 2022, Powell warned of tighter monetary policy ahead.
www.cnbc.com www.cnbc.com

The markets really wanted their hit of crack, but didn't get it. Bloodbaths all around.
Click to expand...

I think he is making a mistake jawboning that aspect, the market seemed to be discounting a reversal and cut. IMO he should be stressing the duration angle, probably not much higher but we will be here for years. From what I have read/listened to the most credible commentary says it should be a long time before we cut rates sustainably.

.... but who knows. Prolly crash then cut... LOL!
 
Gold Daily - Not broken but that really needs to be a flash crash event. We need to hold up @ ~1800 odd @ the worst, other wise...

GC1!_2023-03-08_13-14-45.png
 
2 year yield pushed higher, 5 year a smidge higher and 10 year below its recent highs. The 10/2 spread is now ~ 1%
 
You must log in or register to reply here.
Back
Top Bottom