Investing General Discussion
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Sanrith Descartes
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Sanrith Descartes
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Election Wizard 🇺🇸 on GETTR : NEW: West Virginia State Treasurer Riley Moore announces his office will no longer use #BlackRock investment fund for banking transactions. Any company that thinks Communist China is a better investment than WV energy
NEW: West Virginia State Treasurer Riley Moore announces his office will no longer use #BlackRock investment fund for banking transactions. Any company that thinks Communist China is a better investment than WV energy or American capitalism clearly does not have the best intentions for WV...
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Mist
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Seems like virtue signaling.Election Wizard 🇺🇸 on GETTR : NEW: West Virginia State Treasurer Riley Moore announces his office will no longer use #BlackRock investment fund for banking transactions. Any company that thinks Communist China is a better investment than WV energy
NEW: West Virginia State Treasurer Riley Moore announces his office will no longer use #BlackRock investment fund for banking transactions. Any company that thinks Communist China is a better investment than WV energy or American capitalism clearly does not have the best intentions for WV...gettr.com
Why would a state treasury use Blackrock for "banking transactions?"
Notice it does not say they won't sell bonds to them.
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Vid's from a week or so ago, but this guy who's been linked here a few times had this vid up about the silver squeeze:
What do we think about this sort of thing? Personally, I've been hearing rumblings along these lines for years and years. Is there something to it this time? I don't see it. I think there's a nigh-limitless capacity for fraud even if this is a thing, and thus the plebs will never get another 'GME moment' for lack of a better term because all of the levers are controlled and all the people tasked with fighting fraud are actually facilitating it.
I think silver is a good hedge against the dollar collapsing, though I have a feeling that a hedge like that will be the least of anyone's worries should the dollar lose reserve currency status and go down.
What do we think about this sort of thing? Personally, I've been hearing rumblings along these lines for years and years. Is there something to it this time? I don't see it. I think there's a nigh-limitless capacity for fraud even if this is a thing, and thus the plebs will never get another 'GME moment' for lack of a better term because all of the levers are controlled and all the people tasked with fighting fraud are actually facilitating it.
I think silver is a good hedge against the dollar collapsing, though I have a feeling that a hedge like that will be the least of anyone's worries should the dollar lose reserve currency status and go down.
Furry
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I don’t like the fraud risk inherent to metals. I consider them a luxury good intended for personal pleasure IE a hobby. It might retain or gain value, but I’m not betting my retirement on my hobbies.
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I was looking at it from more of a gambler's perspective with low downside. If this silver squeeze plays out then you might get a massive payout. If not, well, it hasn't gone down in value very much and you can just sell it later if you don't want to hodl it.
Sanrith Descartes
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Zog
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Big Phoenix
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Jysin
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We're a long way off to the open, but pre looks really ugly.
From what I discussed a while back, we are below the macro ascending support trend line on both the SPY and QQQ this morning. We could get bought up a bit and open back above, but we can equally expect SPY to go test the 100D. Breaking this macro line is fairly significant though and should be paid attention to. Further, if we give up the 100D, expect some real panic with the next stop around 449. Failing that could very well test the 200D. I am not convcined yet that we get all the way there, it would be some real buying opportunities there. We've not tested the 200D since summer of 2020.
Not seeing catalysts to take us that low, but the market is a fickle bitch. Throw some buy orders out there in some value names and leave it.
From what I discussed a while back, we are below the macro ascending support trend line on both the SPY and QQQ this morning. We could get bought up a bit and open back above, but we can equally expect SPY to go test the 100D. Breaking this macro line is fairly significant though and should be paid attention to. Further, if we give up the 100D, expect some real panic with the next stop around 449. Failing that could very well test the 200D. I am not convcined yet that we get all the way there, it would be some real buying opportunities there. We've not tested the 200D since summer of 2020.
Not seeing catalysts to take us that low, but the market is a fickle bitch. Throw some buy orders out there in some value names and leave it.
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Jysin
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We've reclaimed the trend on the SPY. Still a while till open. Today should be fun.
Blazin
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Pretty sure it was tongue in cheek , in that what is the alternative a 1.8% yield during 7% inflation
Sanrith Descartes
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Sanrith Descartes
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Jysin
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