The Lunatic Fringe - Market and Trade Chat
- Thread starter TheRealZed
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Even that dog EXK is up 2% today. The spac I sold proceeded up another $1 but oh well, not gonna time everything great.
And if ya think the economy is fine right now Cause Stonks go up then think again.
jelly
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gold miners just keep sliding.
FOMC meeting tomorrow should be interesting. Gold miners in a support zone. Silver has been freefalling and due for atleast a bounce
Fed supposedly going to set a hawkish stance tomorrow. Sell the rumor, buy the news?
FOMC meeting tomorrow should be interesting. Gold miners in a support zone. Silver has been freefalling and due for atleast a bounce
Fed supposedly going to set a hawkish stance tomorrow. Sell the rumor, buy the news?
Is there ever a FED day where they let it go up? Perhaps, but they are just trapping people to hit it the next couple days.
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Recession Watch: Forget About That Soft Landing
Demand is cratering for houses, trucks, toys, you name it
rubino.substack.com
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Ok all you dweebs in dweebland... what the heck is all this??
more:
www.hokanews.com
more:
Breaking News! The Twelve Largest U.S. Banks Cease Credit Card Services: What's Happening - hokanews
Pi Network,Pi Network Open Mainnet,Cryptocurrency,Pi payments,Pi Network News,
Unsourced, baseless social media shit flinging IMO.
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CEOs of the Nation's Biggest Banks Warn That New Regulations Could Harm the Economy
The heads of Wall Street’s biggest banks used an appearance on Capitol Hill to plead with senators to stop the Biden administration’s proposed changes to how banks are regulated, warning that the proposals could negatively impact the economy at a time of geopolitical turmoil and inflationBy Associated Press
Dec. 6, 2023
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So you're saying it's BS? Just wondered as I hadn't heard this b4.
Yes. I saw folks posting this nonsense in other forums a few days ago. The source appears to be some dude on Twitter/X that stated it as fact and when pressed for a source just got snippy. It's garbage.
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This I can understand. Thing is everyone was using CC to pay for living expenses...Recession Watch: Forget About That Soft Landing
Demand is cratering for houses, trucks, toys, you name it
Gas at the pump is down around $2.50/gallon (hey, it's Christmas consumption time!) giving folks a jingle in their pocket.
CC bills always come after the 1st of the year....
This 'hard landing' is baked in the cake IMO.
I've seen a lot of speculation around that Dec 15 date. I hate dates.
This isn't a real market right now. But that doesn't mean some people are not selling silver for these prices and getting absolutely stolen from as a result.
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Some evidence. The economy is crashing into deflation right now. Nothing is selling, except stocks. But those are just priced by some VIRT computers anyway to whatever they want.
JPow on deck tomorrow to sink or launch everything. If he talks tough/hawkish (no cuts, maybe a hike), metals are likely sunk. If he says they are a good spot (with rates), it's likely neutral to markets. If he says the train is back on track and rate cuts are on the horizon, metals likely launch.
Cigarlover
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Dem green candles in the metals is sum big sumbitches.
Head and shoulders on gold 1 hr chart is negated. Roll the rockets back out.
Head and shoulders on gold 1 hr chart is negated. Roll the rockets back out.
That was powerful, we blew through that Important level going both ways. But the banks also soared today so I think we need a couple days to see which side really has the staying power. I think you all know which side I'm on.
It did almost set up a Larger Inverse Head and Shoulders within the smaller setup. The larger one points to perhaps $39.50 on GDX if confirmed.
Someone needs to go down under and get a check on ole Zed. He's gonna miss the main event. Hopefully the commies didn't come and pay him a visit.
Cigarlover
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EXK email I just got.
Dear Stakeholders,
We are writing to inform you of an important development regarding our company's stock, as we are receiving many questions regarding the performance and volume levels over the last few weeks.
We have been monitoring our market, as we received notification that our shares will be removed from the S&P/TSX Composite, effective after market close on Friday December 15th, as per its quarterly rebalance, measured, and announced in mid-November. The estimated outflow is approximately 8 million shares, on the TSX exchange. Additionally, the NYSE Arca Gold Miners Index (GDX ETF) announced its quarterly date of record on Friday December 8th that we were listed as an expected deletion as the Company’s market capitalization was below the US$450 million requirement level. The estimated outflow is approximately 11 million shares, on the NYSE, also effective after market close on Friday December 15th, 2023. While this news may be disappointing, we want to provide you with clear and transparent communication about these events.
As a reminder, the decision to remove our shares from these indices is predominantly based on market capitalization levels and trading volume criteria set by the index provider, not company fundamentals. Indexer trading patterns have little to do with market sentiment and are driven primarily by quantitative analysis. Deletion from indices can have a negative temporary impact on share price as this is a widely public and broadcasted event whereby certain investors and funds will position themselves ahead of the rebalance.
It's important to note that being removed from an index does not change the fundamental strength of our company. We continue to focus on our business strategies and growth initiatives to enhance shareholder value. Our team is dedicated to navigating the evolving market dynamics and ensuring the resilience of our business. Due to the cyclicality of our industry, this the second time that we have been added and removed from these indexes. As a management team, it is our job to execute on Terronera and hopefully get back into the Indexes in due course.
We encourage you to reach out with any questions you may have or to seek further clarification on this matter. We appreciate your ongoing support and trust in Endeavour Silver.
Dear Stakeholders,
We are writing to inform you of an important development regarding our company's stock, as we are receiving many questions regarding the performance and volume levels over the last few weeks.
We have been monitoring our market, as we received notification that our shares will be removed from the S&P/TSX Composite, effective after market close on Friday December 15th, as per its quarterly rebalance, measured, and announced in mid-November. The estimated outflow is approximately 8 million shares, on the TSX exchange. Additionally, the NYSE Arca Gold Miners Index (GDX ETF) announced its quarterly date of record on Friday December 8th that we were listed as an expected deletion as the Company’s market capitalization was below the US$450 million requirement level. The estimated outflow is approximately 11 million shares, on the NYSE, also effective after market close on Friday December 15th, 2023. While this news may be disappointing, we want to provide you with clear and transparent communication about these events.
As a reminder, the decision to remove our shares from these indices is predominantly based on market capitalization levels and trading volume criteria set by the index provider, not company fundamentals. Indexer trading patterns have little to do with market sentiment and are driven primarily by quantitative analysis. Deletion from indices can have a negative temporary impact on share price as this is a widely public and broadcasted event whereby certain investors and funds will position themselves ahead of the rebalance.
It's important to note that being removed from an index does not change the fundamental strength of our company. We continue to focus on our business strategies and growth initiatives to enhance shareholder value. Our team is dedicated to navigating the evolving market dynamics and ensuring the resilience of our business. Due to the cyclicality of our industry, this the second time that we have been added and removed from these indexes. As a management team, it is our job to execute on Terronera and hopefully get back into the Indexes in due course.
We encourage you to reach out with any questions you may have or to seek further clarification on this matter. We appreciate your ongoing support and trust in Endeavour Silver.
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Volume going up up up and they're pulling the plug?
Cigarlover
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Being forced out of the indexes because of market cap. Under 450 mil and they are out. I think they are down around 410 or so IIRC.
For me nothing changes. I have been buying based on the new project coming on line 4th quarter of next year. I expect to see improvement and a nice return on investment in 2025 and beyond. This will coincide with higher metals prices as well which will add to the pop we should see at that time. For now I am just holding. I'll buy more if it drops below 1.50.
Just more cheap shares to accumulate now. It will still be in some like GDXJ and SILJ etc. They will get back into those larger ones soon enough.
Also, that GDX news seems like complete Bullshit. GDX holds all kinds of MUCH smaller companies. Just a snipit.
Also, that GDX news seems like complete Bullshit. GDX holds all kinds of MUCH smaller companies. Just a snipit.
| RMS AU | Ramelius Resources Ltd | 0.53 | BBG000PMB297 | 62,239,350 | Stock | 63,953,189 | -- |
| OGC CN | Oceanagold Corp | 0.53 | BBG000RG1PM3 | 39,799,522 | Stock | 63,491,978 | -- |
| GMD AU | Genesis Minerals Ltd | 0.52 | BBG000J9HXY1 | 58,378,691 | Stock | 63,101,483 | -- |
| CMM AU | Capricorn Metals Ltd |
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I would bet that the number of shares sold of EXK is gigantic and someone is panicking and called in a favor to get some of the ETF shares. Just a WAG.
Cigarlover
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I have to assume the news is true since the email came from EXK. I sign up for email updates on all the miners I hold. I agree though, this will get resisted soon enough. probably by end of the next year and when it gets resisted it will also get bought up.
There is some confusion here. .NYSE Arca Gold Miners Index (GDX ETF). That seems to be a mix of 2 different things. I do know that the naked shorters have used ETF's as one way to hide and supplement their misdeeds. Much like they use GLD and SLV.
The VanEck ETF - GDX and
I did find a NYSE Arca Gold Miners Index - GDM (perhaps its different in Canada)
The VanEck ETF - GDX and
I did find a NYSE Arca Gold Miners Index - GDM (perhaps its different in Canada)
Spot gold struggling against the British pound as BoE keeps rates unchanged remains focused on fighting inflation
(Kitco News) - Gold prices are trading at session lows against the British pound after the Bank of England left interest rates unchanged and signalled that it doesn’t expect to cut rates until the second half of next year.
www.kitco.com
JPow and BoE said essentially the same thing, but JPow said it nicer.
jelly
Predaceous Stink Bug
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My only concern with the metals right now is that they are only moving higher in the USD. The past few days they haven't moved much in Aussie $ and Euro's. I'd really like to see worldwide movement higher in the metals to have more faith in this bounce.
The Dollar's exhorbitant privilege means the rest of the world has to deal with stronger inflation than the USA. The BoE and ECB are still talking hawkish on policy so Euro trading in metals doesn't yet see the same green light that JPow gave American traders.
Chaotic 'triple witching' set for Friday, as $5.3 trillion in options expire
Options contracts tied to more than $5 trillion worth of stocks, exchange-traded funds and indexes are set to expire on Friday as the latest "triple...
www.marketwatch.com
8 hours past the expiry deadline and bank credit cards are still working.