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The Achille's Heel here is the low volume. I did a test and tried to sell 100 shares at the HOD...and they kept dropping the bid all the way to $32 before they would let me out.
How are people going to dump their thousands of shares without collapsing the price back to the lows? Well, I don't see how.
I thought $100 was just hyperbole on your part....but you may be right. This is amazing.
Why hasn't this garnered more attention on Ihub?
Only 113 following...
It casually breezed through $25 like a walk in the park.
Not seeing a lot of resistance to this hot air balloon that only goes up.
Hard to buy this here based on the chart. It was .50 back in March and then went parabolic. Seems to me it needs a healthy pullback to attract new investors.
If this keeps going up 50 percent on a daiy basis, you'll get there soon...lol
And yet UVXY is green when the DOW is up 500 points? Hmmmm
Same here. My older brother told me about BTC when it was in the pennies. I looked at it and thought, "No way--this is an obvious scam!"
He made a lot of money on it. I didn't.
I'm not convinced either--if it's too good to be true it usually isn't true.
HOWEVER--it is worth a gamble, IMO. So I'm in.
Really nice follow through on the breakout. Not sure how long it can last--depends on PM prices.
Nice breakout. Let's see if this can hold the $4s.
Where does the power to charge car batteries come from? Fossil fuel (gas fired) power plants, nuclear, or hydroelectric. Wind and solar don't provide enough oomph.
Many places can't have hydroelectric and nuclear power is dangerous (despite what they say) and then there's the nuclear waste problem.
So oil-based energy isn't going away any time soon and there also myriad uses for it. Integral uses that won't go away with electric cars.
Futures are looking fairly red at this hour, but of course it means little. The Fed can pump in money and jack up the market by hundreds of points on a whim.
The flippers will drive it right back down from whence it came, though. Especially on a Friday. We've all seen it countless times. Maybe this one is the exception, but I'm skeptical.
TVIX was an 'ETN,' though...not an ETF. I forgot the intricacies behind such a note but it doesn't matter now.
I'll keep my eyes open for the 'The New TVIX,' though...thanks.
It will probably roll over tomorrow for sure--profit takers ahead of the weekend. Hard to shake off the fleas on this 'fat old dog.'
Looks rather tepid if you ask me.
The markets need to drop big time on consecutive days for UVXY to extricate itself from the downward doldrums.
The big question is--WHY did Credit Suisse suspend those instruments? Are they in some sort of trouble?
I miss TVIX...traded it along with UVXY.
A lot of shorts hurting--could see a big short squeeze here.
Market was up over 400 points and UVXY was briefly green?
Very curious....
Maybe some of the TVIX players will migrate here...now that their ETN is defunct.
When will the Robin Hood youngsters jump on this?
Is this halted?
One more day!
UGLD, USLV, DGLD, DSLV, ZIV, VIIX, and TVIX will no longer trade on any national securities exchange after July 2. UGAZ and DGAZ will stop trading after 7/10. They will be delisted on 7/12 and there will be no further issuances of these ETNs. More details
This junk needs to see the teens again.
Bad news abounds. Stock market drifts up anyway.
I don't think so.
Think of it this way--the world is awash in cheap currency that is endlessly created. That 'money' loses value quickly, so where is a good liquid place to put it?
Not treasuries--no return. Not real estate--not liquid. Gold and silver? Not liquid.
THE STOCK MARKET is where it goes. It's the only game in town. That's why this will continue to erode. Sure, there will be quick jellyfish-like pops here and there, but you have to guess at it. Mostly, it will drift down like it has done today.
All the easy money goes into the stock market regardless.
It has no other place to go. Gold and silver? Sure, but there's no liquidity there. And in the case of Chinese bars, it's gold coated tungsten or copper.
Looks like the Fed stepped in to prop up things again. No way will they let the market slide three days straight.
Exactly. They're either going to smoke real tobacco or quit altogether. They're not going to smoke some stuff that's used to make rope and probably tastes like it.
This is about diluting and dumping based on a product nobody really wants.
If you are doing a cursory hold over on the stock, it will tell you that the chart isn't available.
Because it's the weekend.
You have to click on the stock itself to bring up the chart and info.
I can find it just fine on Ameritrade--the chart and info, too.
ha ha--yeah, good point.
I read it. They are calculations subject to change. They use the word 'estimation' over and over again. That means they're guessing. Just as people here are guessing dollars for the stock price.
That's why the stock will see a pull back.
"VERIFIED proof "
Estimations are not verifications
I don't know what the palladium-to-gold ratio is in nature, but palladium is not exactly plentiful and the supply is not elastic. Nearly all of palladium is used up in industry whereas gold is used in jewelry or stacked up in the form of coins or bars in safes around the world.
If palladium were more plentiful than gold, why is the price of palladium higher than gold?
Regardless, I question the report and the resources listed. If it were as rich as stated somebody would have been gotten out of the ground a long time ago.
https://www.kitco.com/charts/livepalladium.html
If the resources are as rich as claimed, why wasn't it all mined before? Especially the palladium.
This was a around one cent last May. There WILL be profit taking after Friday's warp speed to 'plaid.'
Could be a gapper, but I think after that the pullback will be greater--down to the .20s again. I'll snag some there.
The geologist report was speculative. Sure it sounds great, but the resources aren't guaranteed. Plus it has a stop sign. All of this produces doubt and once it pulls back everyone will start dumping to ensure at least some profit.
Plenty of time to buy this at lower prices.