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We need to stop calling it a 'market,' because the rigging is too obvious. It's all owned and controlled by the Fed and the banks that own the Fed--including Wells Fargo.
Wells Fargo can't even be bothered by something as petty and inane as customers now...what does that tell us?
Another all-time low today. We all know the bubble has grown to ridiculous proportions, but it continues to grow year after year. UVXY would do great if that bubble ever popped, but I think the bubble will last longer than UVXY can.
I wish I had said goodbye a decade ago....
Someone on Zero Hedge nailed it...
Its utterly disgusting and not a market but some weird index of the Feds balance sheet. Some of these companies are 50x their earnings.
So, the folks going to JHole can announce they'll double the money supply and double THEIR subsidiary (the stock market) while at the same time they'll tell us inflation is low.
It's low because they say so.
Their pronouncements always trump reality, ya know...
I commend you for what you are doing and it's great to see rugged American individualism is still alive and well, even if confined to a dwindling few such as yourself.
I don't blame you for doing it yourself. Especially in the silver world, there are too many siphoning off too much from the shiniest metal--from JP Morgan down to coin shops. Too much rigging. Too many ripoffs. Too much dilution (as in the case of USAS).
It will be both exciting and satisfying to mint one's own silver. I'd love to do that myself, but I lack the means. Best wishes to you in your endeavor.
It's a dog. She's running the wrong way.
new technology and geological methodology
Gold mining scams often claim they have the latest gee-whiz technology that will unlock additional resources from worn out properties. Bull.
Not short--there is not much shorting going on here--just insider dumping and bag holders galore.
Pierre Delecto?
Posting in secret code will not make this trash go up.
Hopes being propped up as this slides back down to the .002 area.
That's interesting, but I've read about the fat cats loading for bear before and they ALWAYS lose.
Always.
Jhole taper talk will be offset by them making their market more lubricious.
Are the mines in the Silver Valley?
Remember this book by David Bond?
https://www.amazon.com/Silver-Pennies-David-Bond/dp/0976821109
Unfortunately he passed away last year and never updated his 2005 book.
This junk will return to the .002 level.
Yes--they never had a mine. THEY have to prove they do and they can't.
That happens to us all. I sold my UVXY too soon and failed to reenter. I'm sure not going to buy it on a Friday and hold over the weekend. Mondays usually pop green. Of course, most days have gone green over the past 11 years.
There's nothing real about this scam.
I certainly wouldn't. I'm only here to see the soap opera. What will they pretend to have next? Rare earth? Lithium? The Baumans acquired the worthless claims because they were cheap.
Once upon a time BONZ told us there had been an ancient river bed on their property. In fact, a waterfall had been there and under the ground was a bonanza of placer gold.
So they set up an elaborate wash plant complete with wells and ponds and the CEO even set up web cameras so investors could observe the operation. Back hoes dug up earth and fed the plant and expectations were high and the stock price ran up, too.
It was quite a show, but in the end only 1/4 of an ounce was produced. There was almost no gold there. The CEO left in disgust and the company was subsequently sold to the Baumans.
Sure looks that way. It might be done all the way back down to .002
Seems like a bargain here, but damn. The bottom keeps dropping out. Will it become a penny stock?
BONZ has rocks. Not gold. How much gold have they produced since inception? Do you know? Some of us here know.
LOL--yes, they have too many rocks not to rock!
Lithium, lol.
They also have plenty of dustium, rockium, and gravelium.
The biggest problem here has been dilution. No respect for shareholders.
"When one becomes a producer, with no overhead."
Not possible! Then there's all the government regulation, MSHA, etc.
Frankly speaking, wouldn't AGQ be a safer bet here?
The Fed sure is spending.
Their operatives such as Black Rock are buying up all the overpriced homes and renting them out. As Klaus Schwab said, "You'll own nothing and be happy."
“Every lie we tell incurs a debt to the truth. Sooner or later, the debt is paid.” -- Valery Legasov
John Williams' Shadow Stats gives the truth. Can't trust the goobermint.
http://www.shadowstats.com
(August 12) PPI INFLATION - Annual Inflation surged to new record highs in the July 2021 Producer Price Index (Bureau of Labor Statistics – BLS). The July 2021 Producer (PPI) jumped 1.03% in the month and by a record 7.77% year-to-year (BLS). The July 2021 Producer Price Index continued to explode across the board, setting new record levels of year-to-year Inflation at 7.77% [previously 7.31% (last month)] for the Total PPI-FD (Final Demand), 11.87% [previously 11.68%] for the PPI-FD Goods Sector and 5.82% [previously 5.18%] for the PPI-FD Services Sector. Those record annual Inflation levels were in context of the current PPI historical series that began in November 2009. Headline Inflation rates for both the June PPI and CPI [see the continued to exceed financial-market expectations, meaningfully, with an expected monthly 0.5% gain for July PPI again coming in at 1.0%. Despite continued surging energy (gasoline) prices, “Core” Inflation, net of Food and Energy, hit a new historic peak for the PPI of 7.53%.
Food prices continue to climb. Car prices too (including used cars). Home prices are nuttily high. So is the price of rent.
Bought some of this dip today--hard not to.
Yep--hoping for grand slams usually results in strike outs here.
I got out at 25.50....could have sold near $26, but at least I finally had a winning trade here again.
If those Jholes talk about tapering we could see another big pullback, but it will only be talk. I doubt they'll actually do anything to stop inflation.
I got out already--gotta take the green while it is given here.
The VVIX/VIX ratio is signaling that a correction in S&P500 looms. All that needs to happen is a catalyst, and that could happen at Jackson Hole.
https://www.zerohedge.com/markets/calm-storm-vvixvix-ratio-hits-level-not-seen-last-market-crash
Finally making some money on this. FINALLY!
LOL! Roger that.
I don't know why I don't permanently run from this. Glutton for punishment, I guess.
J-Hole will be a nothing burger
This is correct.
Nickels actually have nickel in them so there's metal value there. Supposedly. Quarters have a bit of copper. Not as good as precious metals of course, but better than wisps of paper.
S&P 500 closed at a record high.
It will go higher still. Next reverse split for UVXY coming sooner than later.