The Lunatic Fringe - Market and Trade Chat

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

For entertainment purposes. I can't imagine what the index will eventually decline against.


FoTnVryXEAQ8wBd.jpg
 
Wall Street Apes@WallStreetApes

How desperate do you need to be to BORROW 100,000 #AMC shares at a price of 385.2% borrow fee?

These criminals don’t care about burning through money because it’s not their money, they’re burning through your retirements. They’re trapped in bad bets trying to short AMC into bankruptcy for profit. If they had succeeded they wouldn’t have to cover their short or naked short positions. Now thanks to the APES they have to pay any price to try and stay in the game. @SpeakerMcCarthy any comment?

9e914ca7c6966b8d.jpg

more
 
Lancers32 said:
I can't imagine what the index will eventually decline against.
Click to expand...

That is the issue... DXY is 60% Euro an the EUD is a bigger big of crap than yours + US prospects are better.

It's almost like they knew this would screw over the competition harder than it would the USA.



JMO -> Race to the bottom with no clear winner. AKA the rest of the world will not let you devalue that much, they will out print you to compete.

Competitive currency devaluation.

Gold should win.

I could be wrong.
 
Goldhedge said:
Wall Street Apes@WallStreetApes

How desperate do you need to be to BORROW 100,000 #AMC shares at a price of 385.2% borrow fee?

These criminals don’t care about burning through money because it’s not their money, they’re burning through your retirements. They’re trapped in bad bets trying to short AMC into bankruptcy for profit. If they had succeeded they wouldn’t have to cover their short or naked short positions. Now thanks to the APES they have to pay any price to try and stay in the game. @SpeakerMcCarthy any comment?

View attachment 6665

more
Click to expand...

That's a fuck off, don't short this stock borrow price.

JMO.
 
JPow on tap for a speech today. Meanwhile...

Minneapolis Federal Reserve President Neel Kashkari said Tuesday that explosive jobs growth in January is evidence that the central bank has more work to do when it comes to taming inflation.

That means continuing to hike interest rates, as he sees a likelihood that the Fed's benchmark borrowing rate should rise to 5.4% from its current target range of 4.5%-4.75%.
...
Click to expand...

www.cnbc.com

Fed's Neel Kashkari says central bank has not made enough progress, keeping his rate outlook

Kashkari told CNBC on Tuesday that he sees the Fed's benchmark interest rate likely heading to about 5.4%.
www.cnbc.com www.cnbc.com
 
Federal Reserve Chairman Jerome Powell said Tuesday that inflation is beginning to ease, though he expects it to be a long process and cautioned that interest rates could rise more than markets expect if the economic data doesn't cooperate.

"The disinflationary process, the process of getting inflation down, has begun and it's begun in the goods sector, which is about a quarter of our economy," the central bank chief said during an event in Washington, D.C. "But it has a long way to go. These are the very early stages."
...
Markets briefly turned positive as Powell spoke as investors are hoping the Fed soon will halt the aggressive interest rate hikes it began last year. However, the major averages later flipped back negative after Powell cautioned about strong economic data like last week's jobs report for January.

Asked whether it would have influenced the Fed's rate call if it had the jobs report before the policy meeting, Powell said, "We don't get to play it that way unfortunately."

However, he said if the data shows that inflation is running hotter than the Fed expects, that will mean higher rates.

"The reality is we're going to react to the data," he said. "So if we continue to get, for example, strong labor market reports or higher inflation reports, it may well be the case that we have do more and raise rates more than is priced in."
...
Click to expand...

www.cnbc.com

Fed Chief Powell says the disinflationary process has begun, but has a long way to go

Fed Chairman Jerome Powell spoke Wednesday in a question-and-answer session at the Economic Club of Washington, D.C.
www.cnbc.com www.cnbc.com
 
Lancers32 said:
For entertainment purposes. I can't imagine what the index will eventually decline against.


View attachment 6659
Click to expand...
Hey Lancers, I'm not quite getting the lettering of this chart. Is it classic Elliot Wave or something different? I threw my own chicken-scratch on there using classic EW rules and had a slightly different outcome.
What stuck out is the low of Wave 4, was the same level as wave 1 . . which was @90.
Kinda odd. As if it were manipulated or sum...
This also affects Wave A and C levels. which suggests the correction won't be as deep as classic Fib levels.

What I'm saying is I don't have a fucking idea, and we should know by 2034.
These are not free markets and they won't comply with traditional charting. See below.
USDX.jpg
 
The USD falls when things are going well and rises when the poo is getting deeper. e.g. 2008.
 
Raoul is bullish...

Ask Raoul Anything | Real Vision

Instant replay: Through your questions, Raoul delves into the latest developments in the global economy and shares his insights and outlook on the markets for 2023. Recorded on February 2, 2023.
www.realvision.com www.realvision.com
 
Zed said:
SILBUR!
Click to expand...


KWN/Macleod telling Alf Field to hold their beer.

tenor.gif
 
JPow talks mildliy dovish. Other Fed members talk mildly hawkish. Seems like the Fed is trying to "good banker, bad banker" the market.

The president of the New York Federal Reserve said the central bank needs to maintain “restrictive” interest rates for a few years to make sure high inflation is restored to low pre-pandemic levels.

John Williams said in an interview with the Wall Street Journal that the Fed has a lot more work to do to bring inflation down and restore what economists call price stability.
...
Williams, a key ally of Fed Chairman Jerome Powell, said the Fed’s current forecast of a peak short-term rate of 5% to 5.25% was still a good goal.
...
Click to expand...

www.marketwatch.com

Williams says Fed needs to keep interest rates high 'for a few years' to kill off inflation

New York Fed President John Williams says higher or "restrictive" interest rates need to be maintained for a few years to make sure high inflation is tamed.
www.marketwatch.com www.marketwatch.com
 
Voodoo said:
Complete arrogant baloney. Banks can no more shut down Crypto then they could shut down Russia. Not that they won't try.
Click to expand...

If they shut down the on ramps it will be mostly useless. When the cbdc arrives they will do just that. While crypto may still exist it won't be very useful, in fact they will probably criminalize it's use.
 
Zed said:
If they shut down the on ramps it will be mostly useless. When the cbdc arrives they will do just that. While crypto may still exist it won't be very useful, in fact they will probably criminalize it's use.
Click to expand...

So, What do you think they use for the Dark Web now? The average American commits 3 felonies a day, and that was 20 years ago. What's another one.

They will try and do the same thing for gold. How do you think that is going to work?
 
Jodster said:
Hey Lancers, I'm not quite getting the lettering of this chart. Is it classic Elliot Wave or something different? I threw my own chicken-scratch on there using classic EW rules and had a slightly different outcome.
What stuck out is the low of Wave 4, was the same level as wave 1 . . which was @90.
Kinda odd. As if it were manipulated or sum...
This also affects Wave A and C levels. which suggests the correction won't be as deep as classic Fib levels.

What I'm saying is I don't have a fucking idea, and we should know by 2034.
These are not free markets and they won't comply with traditional charting. See below.
View attachment 6678
Click to expand...
I don't do EW even the guy who wrote the book about the guy who wrote the book screwed the pooch so hard I swore it off completely. I only posted the chart to show the last 20 years of price. Since it is a basket of all kinds of diluted crap it can't go to 0.
 
I don't trust this crypto business but I am an old man so while the paper is nothing at least I can pay for necessities with it at stores and online. Can't really do that with crypto now can you imagine being able to use it after CBDC is introduced? You'd be lucky to be able to use Gold and Silver for anything this other crap no thanks.
 
Look at this mess WXY where's the Z? Oh that's right can't use that letter anymore.



FoeMLBpXsAITi9_.jpg
 
Most Treasurys sold off Thursday afternoon following a weak 30-year bond auction, sending their yields higher on the day in a reversal of course from earlier in the session.
...
Meanwhile, the Treasury curve, as measured by the spread between 2- and 10-year Treasury yields, headed for its most negative reading since October 1981, when interest rates were 19% under Paul Volcker’s Federal Reserve. The spread was around minus 85 basis points on Thursday afternoon in a pessimistic sign about the economic outlook.
...
Click to expand...

www.marketwatch.com

2- through 10-year Treasurys sell off following a weak 30-year bond auction

Most U.S. bond yields are higher following a $21 billion 30-year bond auction.
www.marketwatch.com www.marketwatch.com
 
Lancers32 said:
I don't do EW even the guy who wrote the book about the guy who wrote the book screwed the pooch so hard I swore it off completely. I only posted the chart to show the last 20 years of price. Since it is a basket of all kinds of diluted crap it can't go to 0.
Click to expand...

I think that the market is fractal as Elliot observed BUT seeing that and quantifying it in real time is a movable feast. 20/20 hindsight is great with EW, but real time... never seen anyone be that good at it.
 
You must log in or register to reply here.
Back
Top Bottom