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yep saw that will be interesting if usa and rest of the world follows.
Canada cut their rates
We did ?
Yeowch !.......Holy smokes !.........Man, talk about "Resistance"
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Ary&x=53&y=8&time=11&startdate=1%2F4%2F1999&enddate=6%2F5%2F2024&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
September 2023 - Was at 130 - Correction ; Make that 122
8 months later...... Yup it dipped (and precisely down to where I frickin' figured it might) ?
But then it just went BOOM.......Question is ;
Thing's almost frickin' parabolic......but then ; That's what inflation DOES !
Por ejemplo look at Argentina - Thier index is at 1.6 million now !....This was back in February
Wo.......Man.......Talk about "Nutso"..........What are we all freaking DOING ?
Go USA Go !
.
Royal Bank of Canada NYSE $RY Total Debt (mrq) $510.24B
Canadian Professional Bank Fraud Week
RY Reported
https://ca.finance.yahoo.com/news/royal-bank-raises-dividend-following-143300018.html
Broad mkts generally do what RY does - and visa versa - They're a 1/2 decent INDICATOR
Altho they're not really one that I've ever used !......Perhaps might use them THIS time.
.
The Office of the Superintendent of Financial Institutions (OSFI), on Thursday, November 5, lifted the pandemic-led prohibition that had halted dividend hikes and share buybacks for federally controlled banks.
The banking regulator of Canada had restricted such capital distributions in March 2020 to tackle COVID-led financial risks.
As shareholders rejoice this development, let us discuss five Canadian banks listed on the TSX that investors can look into in the hopes on increased dividends.
.......IS RY BUYING FIRST CITIZENS BANK AND TRUST.......in Raleigh, North Carolina, USA.....................?????...................
........come clean Mr. McKAY.....................
The Royal Bank of Canada (TSX:RY) saw its net income catapult by C$ 2.5 billion year-over-year (YoY), or 171 per cent YoY, to C$ 4 billion in the second quarter of fiscal 2021. The bank, which is the largest of its kind in Canada by market cap, released its latest earnings report on Thursday, May 27. Ahead of it, on Wednesday, RBC stocks jumped about one per cent to close at C$ 124.45. Hopefully to see a positive trend coming ahead. RBC’s pre-provision and pre-tax earnings amounted to C$ 5.1 billion in the latest quarter, reflecting an increase of 11 per cent so I dont think it will be a loss in keeping RY in portfolio
Follow the Money ?.....
9 sessions ago :
Worlds' Most Sophisticated Rat-Bags.....9 sessions ago
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=CA%3Atd&x=49&y=16&time=100&startdate=1%2F1%2F2020&enddate=6%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
Odious cycle.
Gratitude for sharing sir.
It's my Hedge against inflation with banks. I don't see the economy rebounding for at least a year. Not financial advice just what I'm doing.
I'm buying August and September Puts....OTM...will load them all month.
Unfortunately, RBC is going to be a falling knife and a lot of people are going to get cut thinking that they are in a safe long-term holding!
playing out very well.
So have you researched citadel and holding in RY? If citidel gets margin call (note a down market may also triger as less asset value to cover margin) what is impact to whole market? Well that to cascade into melvin you think?
Good strategy IMO. Should move down when Citadel is called. BB
bought a few puts here just in case.
Guessing $RY is first bank to panic. BB
The FINANCIALS are all just LOVIN' it tho (the prospect of higher rates)
And THEIR climbing share prices are likely the only thing keeping the S&P from crashing.....
High 130.50
Oh, just what to DO, when dealt a lemon ?
Make lemon-aide (should'a bought banks - 2 weeks ago)
During...
Canadian Professional Bank Fraud Week....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161950105
Any minute now....
Worlds' Greatest Market Thieves
Careful shorts....
Contra mkt sentiment
Will release its first quarter 2021 results on Wednesday February 24, 6:00 a.m. Eastern
We're dealing with another (looming) Canadian Professional Bank Fraud Week
These guys are more "clever" than Goldman Sachs...
And they know what is comin'...*where the markets in general are headed.
And levels like this don't get constructed fer nuthin'....
They get constructed for the sole purpose of gettin' busted up thru !
High hit 391.5 - closed at 390.08 (not shown)
Oh yeah ; Stage is "set".....Fer a looming up-side bust-out.....
Fer another Canadian Professional Bank Fraud Week.....
The week in which most all Canadian banks report
Up-gap !.......BREAKOUT !.......OH MY GOD !
Who'd have ever thunk it ????
$RY Canadian bank stocks could fall as much as 20% into 2021: Analyst
https://www.bnnbloomberg.ca/company-news/video/canadian-bank-stocks-could-fall-as-much-as-20-into-2021-analyst~1848847
Canadian banks face revenue growth challenges as focus shifts from managing loan losses
https://reuters.com/article/canada-banks-outlook-idUKKBN28E1CI
Oooops - wild - Double post there - Didn't mean to do that
Anyways here is an update of sorts :
It's The GLD H&S, DXY 99, jonny 180 and HUI 200 - That's where we're at now perhaps
But to name a few because we're probably at a bunch of others too. JPMorgan for example.......
Exciting times as usual.....Every day's like a Super-Bowl
Oh-oh.....
Oh-oh - Yeah/no - Don't wanna be on the short side of this !
Or maybe we do wanna be - Look at BNS
Well - I'm HOPING that bullions' support is right HERE !
Although, that'd likely represent a MIRACLE........WOULDn't it ?
6 month chart
Bank stocks (T.A.) : Holy duece !
Why this whole thing just seems a little bit "fishy", no ?
As in ; Like ; What the hell's goin' on 'round here ?
Our Canadian Bank of Nova Scotia ;
Shouldn't one be SHORTING that BS ?.....
That BLATANT chart-based (bogus ?) up-spike ?
And as for a JPM Bull Pennant ?.....Well, we spotted THIS one (whilst it was down AT $110
And I suspect it's ONE OF the underpinnings of this whole freaking up-spike
Next day spotted one in WEED.....Stock shot up to 37.50
Bank stocks (T.A.) :
Why this whole thing just seems like - a little bit "fishy" :
As in ; Like ; What the hell's goin' on 'round here ?
Our Canadian Bank of Nova Scotia ;
Shouldn't one be SHORTING this BS ?.....
This BLATANT chart-based up-spike ?
And as for a JPM Bull Pennant ?.....Well, we spotted THIS one AT $110
It is ONE OF the reasons underlying this whole up-spike
Next day spotted one in WEED.....Stock shot up to 37.50