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Thanks for the chuckle!
This so-called company is a laugher, too. Have a good weekend.
Shares continue to be dumped faster than crap through a goose.
Sub cent easily on Monday. Just another miserable P&D.
Just another scam P&D.
How can this be red on a bright green day for oil?
Must be decay.
President Trump. He didn't beat the tar out of Crooked Hillary just to be called 'Mister.'
I wouldn't be surprised to see a US oil bailout...he has the Fed ready to create endless trillions in debt currency to solve problems. That won't end well.
I have no link, but everyone knows that when a company declares bankruptcy to 'reorganize,' the common shareholders are the first to get screwed.
Of course, the stock can still trade for awhile under bankrupt or 'Q' status, but it sure is not going to fly to the moon.
Game over. Just another miserable P & D. Hot board stocks soon become ice cold.
Well, they claim they are restructuring, so it means they may not be going out of existence, but the current common shareholders will be. They'll get nothing.
It's a fight. What will it be--a deflationary depression or an inflationary one? There's a tremendous build up of debt throughout the system and the average quarantined citizen is desperate for dollars to pay the bills. Deflation. Yet the Fed is creating endless trillions with a computer entry. Inflation.
Yeah, we could see one last big rally in the buck, but it indeed will be a mistake.
Are you sure? WLL just declared bankruptcy. OAS could be next.
"Any shareholders remaining in the funds will have their shares redeemed at net asset value on or about April 3, 2020."
This is a shame because OILD should have seen a good pop today with the oil price collapse.
I wonder what the 'net asset value' will be on April 3? Anything they want it to be? Fifty cents? LOL
This is heading to $5. I may be a buyer there.
With the endless QEs, this entire pumped up market can be considered a scam. It's no longer based in reality (and the current reality is horrific). Banks and big corporations aren't allowed to fail. It's no longer a capitalist system, but rather a fascist one. The Treasury and Fed are using currency created from thin air to prop up, buy up, and nationalize everything.
Apparently they don't like junior gold miners, though--lol.
I was hoping to snag some $3s. Playing this here for a bounce. It won't be a big one.
Thank you! Actually, I have written three books (unrelated to stocks and the economy) and I've been on many podcasts, but all that has no bearing here.
I have no prescient knowledge when it comes to JNUG. I wish I did--I'd then be more than a mediocre trader. I don't know what JNUG will do Monday, but if it dips into the $3s I'll probably buy some back.
Good luck.
I've followed you long enough to know you've made many good trades. There used to be a poster here who always and I mean ALWAYS bought on the exact low (at least, that's what he claimed) and then bragged about being perfect. We know that's not possible.
As much as I would like to say I'm a great trader as well...I'm often wrong. It still strikes me as so much guesswork and I often guess wrong. It seems more like hit or miss, etc. I suspect this is the case with many here.
Good luck and have a good weekend.
Some are predicting oil in the single digits. CLR is already in the single digits.
NOT GOOD!
I know you're a good trader, but do you want to hold over the weekend?
Yeah, that's why Wilson, supposedly the smartest (PhD) president, was also our WORST president. He promised to keep us out of WWI and then got us involved in that disaster, too.
Why did Wilson do it? Some say the conspirators had proof of an affair he had--love letters or some such. I dunno if that's true or not, but great damage was done and now we're at the end game over 100 years later.
The bear trappers have themselves been trapped. LOL
Gold and silver used to be money. Constitutional money. Gold in particular--silver also has industrial uses so it can also be considered a commodity. It's the best conductor of electricity--even more than copper--as well as being the most reflective element. Both silver and copper have been money in the past. A cent was a big splat of copper and it could be hammered out or melted down for other uses. Our money was intrinsically valuable and could be held in one's hand.
No more. We exchanged that money system for debt paper. IOUs in circulation. Who was the 'U' that one's labor was owed? Why, to the Federal Reserve banksters of course! They got to create currency out of thin air and that currency enslaved a nation. Several founding fathers including Jefferson warned us about such enslavement. It's why Jackson spent two terms to eradicate the central bankers of his time. Now they're back and our sycophant politicians still kiss their backsides. Even Trump, and I'm disappointed because he once expressed an interest in auditing the Fed. Now he applauds the fed. Yikes!!
What's happening now is similar to nationalization by socialist countries. Only this time it's the FED buying up everything--corporate bonds, treasuries, securities, and US. This is what they can do since they control a printing press--only now it's not a press, it's just computer entries.
What's next? A cashless society. This is the end game. They want to track ALL spending and tax us at every turn. Everyone will have digital credits as well as a social credit system similar to communist China. Don't obey the Illuminati? Don't get your mandatory vaccine? They will turn off your credits. This along with the usual gulags and reeducation camps.
Where are we heading? Well, ultimately to the eugenicist abattoir. That twerp Bill Gates is the face of Big Brother. Who'da thunk it?
Expensive lessons on heavy volume, lol
Yep, the Fed is the 'Creature From Jekyll Island," an excellent book by G. Edward Griffin that I read about 10 years ago.
All Americans should read it.
A lot of people compare the dollar to what happened in Zimbabwe and Weimar Germany. This is wrong because the latter two's currency was based on nothing.
The dollar is based on DEBT. It's a very foul, immoral, and pernicious system that allows the central bankers to eventually own and control everything and everyone and that's what's happening.
$5 trillion has been created by computer entry onto the Fed's balance sheet. Don't you wish you could simply sit down at your computer and enter any figure into your bank account? Well, that's what they get to do...and why? WHY did we allow globalist central bankers to have exclusive power to create currency? CONGRESS DID NOT HAVE THE RIGHT TO TURN THEIR MONEY REGULATION POWER OVER TO THESE CON MEN!
Sorry for shouting, but it's true. Nowhere in the Constitution does it allow the Congress to hand over power delegated to it over to a foreign entity. But that's just what they did--and then we got the gestapo IRS as well to 'service' citizens out of their hard-earned money and fork it over to the central bankers. It's enslavement.
NOW we're seeing the end game of that enslavement. A police state lockdown and soon we'lll see martial law and 'your vaccination papers please!' out on the streets.
Gold and silver may have helped us once, but now it's too late. We've passed the point of no return. The future is dark because We The People didn't march on Washington DC and demand the end of the Fed and their evil IRS.
Well, if you were one of those dominant men who control the Federal Reserve, all you'd have to do is sit down at your computer console and enter a digit followed by a big mess of zeros. Et voila!! You're richer by $trillions!
Then take that currency created out of thin air and plop it on JNUG. Or better yet, buy up gold.
Trouble is, those dominant men hate gold because it cuts into their game...therefore they create endless paper gold and dump it. They will continue to do this as long as their debt currency has value.
That's why JNUG is headed back into the $3s.
Because those who were in here SHOUTING IN ALL CAPS JNUG TO $100!!! got stopped out.
Really cratering now.
I'm hearing oil could drop to single digits. A lot of these smaller companies will go bankrupt without some sort of gigantic bailout.
Yes, JNUG as usual is a no hoper. People expect gold and the miners to fly up, but the forces of deflation are too strong. People are dumping everything to raise cash even though the Fed is pumping money into the system.
Gold and silver won't save people from what's coming. Maybe food, toilet paper, small bottles of booze, and ammo will. Maybe ammo will be the new currency, lol. Lead, not gold.
Can you explain what IS the balance sheet and why is it $5 trillion? Where does that money come from?
Well, we know where it comes from. Privileged, dominant men get to sit at a computer console and enter in a figure with a bunch of zeroes behind it. By doing so, they are stealing the labor of millions of Americans.
What a sick system. END THE FED!
JNUG wants to see the $3s again.
What a dog.
UVXY has no chance until they stop pumping in $75 BILLION into the market daily. Tomorrow is supposed to be the last day of such an outrageous QE, but who knows. Right now the Fed can create as much currency as they like--and they have been.
Congrats--well done. Always sell when others are screaming 'buy!' and predicting ridiculous price targets such as '$100 soon!'
All the flippers are crowding the exit door now. Hope 'y'all' can get out safely.
Blastoff? Ha! The JNUG rocket is blasting off upside down.
This needs to retest the $3s, lol
Just hit the $5s again...this is why traders should never EVER chase JNUG. This pooch can take your dough in big hurry.
I've seen JNUG not follow the rising price of gold or the rising price of miners or a rising Dow or a weakening dollar. It goes down because that's what it does!
LOL
Dow way up. Gold up. Dollar weaker. All good for JNUG, but JNUG IS RED!
Welcome to the whacky world of JNUG.
Nice recovery at the end. I wonder what happens when the Fed stops juicing the market (if ever).
The DOW is up over 1,000 and up over 2,000 yesterday and yet UVXY is green?
I don't get it.