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Looks like they whacked the metals for the weekend....
 
Goldhedge said:
anyone want to be a landlord?

Click to expand...
Whats the problem here? Looking at Zillow rentals are at least 1000 a month and most are 1300-2k plus. Place is a gold mine even if a 90% occupancy rate. Thats still like 466k a month renting at the low end of 1000 a month. Mortgage on 35 mil should be around 175k so plenty of wiggle room in there.

Rental Listings in Dallas TX - 12206 Rentals | Zillow

This is a list of all of the rental listings in Dallas TX. Don't forget to use the filters and set up a saved search.
www.zillow.com
 
IF you can collect the rent!

That IS the elephant in the room.
 
F buying opportunity. Apparently EV cars aren't a good idea after all?


This is insane:

Ford, $F, is expecting to lose $5 BILLION on its electric vehicle business this year ALONE.

In other words, Ford loses ~$44,000 on every EV they produce.

Ford’s EV sales were down a whopping 37% last quarter.

Disaster is an understatement.



 
Gold acting like that beatdown never happened. Silver on the other hand......
 
Bill Holter mailing list. This is from Jeramiah Johnson FWIW:

Good Morning and welcome to part 2 of the September Silver $200 Calls of confusion.​

Yesterday, I had witnessed a large scale purchase of this said option, within a 40 minute time period before the S&P close, within a trading range between .001 and .002, going from a Volume of 134 all the way up to a total of 1,080 swaps at the ICE close (International Commodity Exchange). By all measure, one would have expected to see a change in the Open Interest which was recorded at 4,812 (buyers/sellers combined). The option value closed at 0.001 cent = $5. As of this morning, even after shutting down my trading platform and restarting, the Open Interest has not changed. It remains at 4,812. To add, the is an “ask” price of 1.5 cents and no bids up on the board so far this morning.

Since this trade was done after the Comex close, 1:25 PM Est, it may be that the Open Interest won’t change until the next trading day (Monday).

Admittedly I have no idea what this means. I do see $125/$150/$175/$200 Calls spread out till March 2025 (excluding the Jan/Feb serial months, for now). It could be a form of what is called a Calendar Spread, but is way super overweighted in Sept.

If anything else noteworthy happens on Monday, I’ll send out another note. Have a great weekend and as always

Stay Long!
Jeremiah Johnson
 

Bank of Japan Pricks Everything Bubble As Nikkei Nosedives 13.47%.​

21
 
All the economic policies are catching up. The only problem is they want to crash asset prices to stop inflation rather than expand the economy with real growth.
 
 
EXk had a big drop on the news as you would expect. However, it almost gained it all back yesterday which is quite odd.. My hunch, they know silver is going to be repriced and they just needed an excuse to Stop selling it at these prices. Just start stockpiling it instead.
 
Bill's (Holter) Commentary:

"Here we are again!

I posted these three charts back on July 31 positing a move higher was imminent. It looked to be working well for a few days until the Japanese meltdown occurred and the moves were aborted. But here we are again in a very short period of time. Gold has already broken to new highs with the MACD crossing over to the upside. Both silver and the HUI have MACD lines touching and poised to cross to the upside. We have been watching the famed "Swiss stairstep" upwards since last October, it appears another step higher is imminent. I should also mention, when the system itself begins to break down, the step(s) higher will shock everyone!"








 
Ok, the talk on the street is the Fed's going to lower the funds rate 1/4% in September.

I think this will be MOPE before the election.

The market will be goosed for a short while and then (most likely) will crash a bit... 1000? More??

What's the ticker for the market going down? I forget what it is, or they are.
 
Metals are responding to JPow's threat to cut rates. Gold should hit $2,600 soon and silver just might break through $35 before the end of the year.
 
Just buy spy and qqq puts
 
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