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this was just under the tweet aboveI can't speak to the veracity of the claim, but it sounds curious:
GameStop shares rallied dramatically on Monday after "Roaring Kitty," the man who inspired the epic short squeeze of 2021, posted online for the first time in roughly three years.
The post, a picture on X of a video gamer leaning forward on their chair as if to indicate he's taking the game seriously, marked Roaring Kitty's first post on the platform — or on Reddit — since 2021. The post has garnered 63,000 likes in 13 hours.
GameStop last traded up 68% after soaring as much as 110%. Trading in GameStop was halted multiple times due to volatility. AMC, another meme stock, jumped 19% Monday, while Reddit traded 11% higher.
Roaring Kitty, whose legal name is Keith Gill, is a former marketer for Massachusetts Mutual Life Insurance. Also known as DeepF------Value on Reddit, Gill drew an army of day traders who cheered each other on and piled into the brick-and-mortar video game stock, and GameStop call options, between 2020 and 2021.
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short covering?Gamestop round 2?
Wholesale prices jumped more than expected in April, putting up another potential roadblock to interest rate cuts anytime soon.
The producer price index, a gauge of prices received at the wholesale level, increased 0.5% for the month, higher than the 0.3% Dow Jones estimate, the Labor Department's Bureau of Labor Statistics reported Tuesday. However, the March reading was revised from an initially reported 0.2% gain to a decline of 0.1%.
Stripping out volatile food and energy prices, the core PPI also rose 0.5% compared with the 0.2% Dow Jones estimate. Excluding trade services from that core group showed a 0.4% increase on the month and 3.1% on a 12-month basis, the highest level since April 2023.
On a year-over-year basis, wholesale inflation rose 2.2%, also the highest in a year. The core PPI inflation was at 2.4%, the biggest annual move since August 2023. Both numbers were in line with estimates from Reuters.
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But it is transitory... it transitions you from wealthy to poor....As most anyone who is paying bills already knows... inflation is not tamed.
Gamestop round 2?
You said it better than I..!The markets are all FAKE. There are so many fraudulent schemes and methods of control I couldn't even come close to naming them all. I think this is a two-headed monster that is going to slay everything in its path. With silver being that second head. I just watched the Big Short and they started to see the real problems. Somehow it was papered over for a looooong time but that is over. A.) Yes they are ALL Criminals B.) COUNTER-PARTY RISK <----- that is your focus.
Wonder if sammie is still around, or does elon have sole rocketing license...Good morning, silver enthusiasts!
I think SS was one of Scorpio's side hussles.Wonder if sammie is still around, or does elon have sole rocketing license...
Has anyone seen or heard from the bear or his car dealing sidekick?I think SS was one of Scorpio's side hussles.
[But I don't know that for sure.]
with those numbers you should start a youtube channel lol35, then 37.50 then 50 then 100, then 3000
The dollars that get repatriated will first buy PMs, then domestic real estate and businesses.That topping tail at 29.90 from a few weeks ago is still in play. Unless we get above that I think this move is done for now. A break above 30 that holds and confirms would tell us that this time is different and something is amiss.
Big picture. Companies are starting to warn that the consumer is tapped out. This will lead to a recession and that's when the fed has to cut rates. I do expect that by the end of the year and maybe the market is also sniffing that out. It is an election year though so the fed really doesn't want to have problems right about now. Maybe unavoidable, maybe not. Time will tell.
Possibly a market correction of 10-15% before the election only so the market can rally by years end after the election results.
If the previous post about a brics announcement is true then we will see the mother of all inflation coming home to roost. gazillions of trillions of dollars coming back to the US all at once will make the 1970's look tame in comparison. All that inflation we sent overseas so we could live comfy lives here in the US and it all comes home at the same time. Very ugly. Gold and silver would go higher than anyone could ever imagine but I wouldn't be selling any for worthless currency. So we better hope this isn't true. I have serious doubts that it is true. There is no other currency large enough to be the next world reserve currency.
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