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Yep. Going down for the count now.
I know, it's completely divorced from economic reality. This is the mother of all bubbles and it can be traced to one source: The immoral bastardization of our money.
The debt dollar is sorely lacking in one basic and intrinsic characteristic that defines money: It's no longer a store of value. Therefore it has to chase stock market 'gains' and the stock market is no longer based in reason.
TSLA's PE may as well be 5,000--and the national debt may as well be $100 million billion trillion. It's all nutty.
You may be right. Could be a devil of short squeeze too, though...stay tuned.
Here's a positive for you: Gold is up $30 right now and shares of CGLD are flying off the shelves.
Oh wait...no....CGLD is flatlining with very little interest. Because they have no gold. Just lies.
"and new GOLD coming out of the mine"
Thanks for the laugh. This thing went from shell to scam until they prove otherwise. And they can't.
No use buying this right now. Continued dollar weakness means more cash into the stock bubble chasing the gains. Sure no gains due to chronic low interest rates.
What a pathetic scam the Federal Reserve is and they've turned everything into falsity.
The Fed is not the economy, although they've done a good job at screwing it up.
They predicated its creation on eliminating booms and busts, but instead they CAUSED the bubbles. They created the Roaring 20s bubble, The Great Depression, and subsequent bubbles and bursts including the housing bubble and burst, and now the biggest stock market bubble in history. Not to mention constant war.
Instead of capitalism, we have madmen at the helm and it won't end pretty.
It's going to hell in a hand basket--and very quickly!
Free fall. Headed under $10 at this point. It's a POS.
Of course it's too powerful. Congress ILLEGALLY gave away their power to control money to the Fed and over 100 years later we're seeing the result. They have a printing press (virtual and real) and therefore their owners (central banking families) get super duper fabulously rich while most Americans are impoverished.
Jefferson warned us about this.
Silver futures up nicely. This should hold $50 tomorrow.
Good luck--I didn't think it would get this low this fast. There could be some short covering here.
This is like watching a big truck hurtling down a steep grade with no brakes. Selling is relentless.
Unless the Robin Hood newbies step in en masse to prop this up, it will soon be back at the price from whence it came.
$21s melting away like an ice cube tossed on the surface of the sun. Selling is relentless. Shorts are cleaning up!
My predicted teens will be here shortly.
Very close indeed. Almost down to the $21s.
I said upper teens, which are still a possibility.
It happens to us all at one time or another. Those that say otherwise are lying.
The pony is now running all the stops. It's getting more and more bloody.
Still needs to see the teens. It will get there sooner than later.
This had a very irrational pop. Now it's time for a rational and sustained drop.
KODK just turned RED. It will get REDDER.
Shorts will get their money back shorting now.
Upper teens. This bloated pig has a lot of air left and it wants to deflate.
Who predicted $150 in 2-3 weeks? Why would it do that?
Not always, but generally. If the market goes down several days in a row, then UVXY can start gaining momentum. A crash could send UVXY skyrocketing.
You don't play it, it mostly plays you. lol
The Fed has made it clear it will prop up the markets for their monied masters no matter what.
UVXY will only go up if they decide to do a big crash ahead of Trump's re-election.
I tend to agree, but they may pull a flash crash just ahead of the election and blame it on Trump. The globalists want a socialist style system that they control--make no mistake about that.
They also want a cashless system. Which they control, of course.
UVXY's best chance for a good pop will be an intentional takedown of the markets. Otherwise, it will continue to drift down as they prop things up and pad their own capacious wallets.
SUMMIT, N.J.--(BUSINESS WIRE)--ETF Managers Group LLC (“ETFMG”), a leading thematic ETF issuer, announces that the first thematic product brought to market by the issuer, the ETFMG Prime Junior Silver Miners ETF (NYSE Arca: SILJ), has exceeded a significant milestone of $300 million* in assets under management. The first to market product targets small cap silver miners and has enjoyed asset inflows equating to a +341%** increase year over year. SILJ, which launched in November 2012, remains the first and only ETF to provide direct exposure to the silver mining exploration and production industry.
This stock is as dead as a dead dodo and it couldn't happen to a nicer bunch of scammers.
Many wish they could go back to March and buy up JNUG and SILJ--and many others.
Silver boom has started.
https://www.zerohedge.com/markets/silver-futures-spike-above-23-has-long-way-go
No, Bernie wouldn't have done anything. He supported Hillary. That's when I knew he was fake. He would never have ended the Fed.
RON PAUL--he would have ended the Fed. It's why I supported him.
It may all be too late now. The Fed will collapse under it's own corruption and take the USA with it.
AGQ breaking out--silver is the next gold. All precious metals should go nuts and considering how many trillions of digibucks the Fed is tossing at the stock market, it's way past due.
JNUG really has gathered steam here.
Silver's huge two-day move.
https://finviz.com/futures_charts.ashx?p=d1&t=SI
WILL IT LAST?
Stay tuned. Could be the most massive short covering event in history, or it could just be a bump in the road for the corrupt traders ruling the COMEX.
It will be very interesting to see what the silver shorters try next. Will they again collude and drive silver down several bucks in a few minutes? If they do, they could attract more attention from the agencies ostensibly designed to prevent such rigging--the SEC, the CFTC, and the FBI.
Time for these agencies to go to work against those massively corrupt entities at the top. For a change.
Silver flying up AH. JPM could be in big trouble due to their years of collusive shorting.
USAS is finally going up!
Got back on the AGQ horse about a week ago and I got lucky. Silver has broken out! AGQ flew up AH--is now in the $40s! Whoo hoo. Finally.
JPM is in hot water with their collusive shorting. Time for silver to punish THEM for a change.
AGQ to $100.
No brainer.
That's why we must end the Fed. They are privately owned and serve the interest of the globalist banks. They have not prevented busts and bubbles--instead, they have created them. This is not capitalism, it's fascism when the Fed gets to decide which business will received bailouts.
Congress is supposed to regulate money. They had NO right to hand over their constitutional powers over to private bankers. Andrew Jackson would have been furious.
It disgusts me, too. Using the virus distraction, the top .001 have grown fantastically wealthier and they already were fantastically wealthy. The Fed doles out currency to them with a flip of a switch. Many are Malthusians in that they HATE the middle class. They want us ALL poor--and then dead. They are eugenicists. Think the Georgia Guidestones.
The masses can do nothing about it. They trained everyone to put masks on and join their satanic death cult. How easily an unelected few are able to shut down businesses and keep global box stores open. They are able to shut down schools and sporting events--they are getting ready for the final shutdown of humanity with their foul vaccines and digital IDs.
So yeah...THEIR stock market will continue to go up as the losers below pay for it in higher taxes and higher inflation.
It all disgusts me, like I said.
I've thrown in the towel plenty of times myself with this one. Yet I'm still here on the board...ha!
Never marry UVXY--it usually ends up in a divorce and the ex takes all your money.
Back to the usual pummeling today. The markets go up up up despite threat of more lockdowns.
Irrational, but it is what it is.
My point was...if UVXY was green when the DOW was up 500....somebody knew there would be a late-day takedown and that's what we saw.
Only insiders know for sure--the top 1 percent control the market.