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This is NOT investment advice... But anyone who thinks there is a plan running and trump is in charge.
Buy yourself some BBBYQ for like a quarter. I don't care if you throw $10 into it. But I believe there is a plan in place for a restructuring buyout. The deadline for bids is looking like June 1st. Not all brokers will even allow you to buy it but if you can and know how to trade stocks it's Well worth the shot IMO.
Enjoy the Show
40 years bonds did nothing but go up that run is over.I'm not sure that this breakdown is that level yet... but if the US defaults on anything than that is a Bingo.
Who'd buy BBBYQ?This is NOT investment advice... But anyone who thinks there is a plan running and trump is in charge.
Buy yourself some BBBYQ for like a quarter. I don't care if you throw $10 into it. But I believe there is a plan in place for a restructuring buyout. The deadline for bids is looking like June 1st. Not all brokers will even allow you to buy it but if you can and know how to trade stocks it's Well worth the shot IMO.
Enjoy the Show
Who'd buy BBBYQ?
Hmmm, checked out his twtr account... must be buried deep?It's a long and complicated story that involves laws that I don't care to read. However, have a look through this twitter account. A lot of research on Reddit if you dare.
There is still a lot of value in Bed Bath and Beyond. Whether or not any shareholders will receive some of it is the question. i think they have designed it for them to participate.
Hmmm, checked out his twtr account... must be buried deep?
The dividend was very nice on that. I never owned it but for a long time it traded 45-50's and back down after dividend. On the weekly it averaged about 1-2 million shares a week. Last few weeks it's been huge selling. 57 million plus one week, then 23, 10 and now 25 mil plus.. Not sure where the bottom is in that one and I haven't followed it to see why. Just earnings misses for last few 1/4's it looks like. It does look cheap compared to the last several years though. I dont know enough about the company to take chance on a turnaround yet.Maybe the OTC BK stock is not your style... what do you think about buying some IEP? It's gone from $50's to $18. It was paying $8 / year in dividends. I do think it was overvalued but I sold a couple puts. Got killed on the one in my margin account but rolled it down. Wouldn't mind some of those shares.
I've been looking for an exit for my ZSL (Silver short) It's done well over the last few weeks. Silver still looks weak to me though. 22.50 and maybe even 21.50 may be in the cards. So for now I will hold but if I see signs of a reversal I'll dump it.This sell-off in the mining shares is flashing a red flag for me. It's like it's April 2022 all over again - failed breakout everyone rush to the exit.
With gold holding so closely to it's all-time highs, the miners SHOULD be holding firm, or even moving higher. This flash crash makes you wonder.
FYI
They’re Taking the System and America Down – Bill Holter
39m
So far GDX daily looks to me to be in a classic ABC correction pattern, near as you get in my experience. EW guru's can chime in with a correction if warranted! 61.8% is about the limit for correction depth in an ideal world. Rally next week?
View attachment 8746
Also, for a pullback should you not measure bottom up?
Agree that this may be an ABC completing.
I think that's too narrowed in
Weekly GDX, on a closing basis the first retractment got close to 61.8% as well... just saying. Not very clear to me what the EW structure was on that down move.View attachment 8769
I would not move backwards on the chart. If I want to measure a pull back in a bull market I'd go from the low and up and to the right. In a Bear Market I'd go down and to the right. But never left/backwards in time.
Not clear to me where we would be on EW count with GDX. We have been contained within the low and high from 2020 for almost three years now...Weekly GDX, on a closing basis the first retractment got close to 61.8% as well... just saying. Not very clear to me what the EW structure was on that down move.View attachment 8769
I measure in the direction of the move I'm accessing, always 0 to 100 from the start of the move, down moves 0 is high, up moves 0 is low. e.g. All trend extension projections start with the 0 low. I'm measuring a historic move so going back in time is correct, we know the start and end point, measuring it that way won't violate any technical principle.
Besides the other way gives you the wrong answer. A 38.2% retracement in your world means you've' lost 61.8% of the gain. Doing it my way it means you have lost 38.2% of the gain. For all of my technical trading career a retracement has always been expressed as a percentage of the previous move, or the move being measured. Starting with 100 high simply delivers the wrong number in all cases except 50% moves!
Inflation stayed stubbornly high in April, potentially reinforcing the chances that interest rates could stay higher for longer, according to a gauge released Friday that the Federal Reserve follows closely.
The personal consumption expenditures price index, which measures a variety of goods and services and adjusts for changes in consumer behavior, rose 0.4% for the month excluding food and energy costs, higher than the 0.3% Dow Jones estimate.
On an annual basis, the gauge increased 4.7%, 0.1 percentage point higher than expected, the Commerce Department reported.
Including food and energy, headline PCE also rose 0.4% and was up 4.4% from a year ago, higher than the 4.2% rate in March.
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