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Total trading volume 7,521,449 X .00048 = $3610.00
No money here.
$1142 @ 6:43 Down $26
$1145 @ 6:40 Down $23
$1149 @ 6:37 pm Down $19
In JDST @ $19.63
New low on gold demands more lows.
Out of JNUG (loss) and sold 1/3 of FNMA (profit)
For what it is worth
I read an article about Goldman S using the light trading times in the Asian markets to dump thousands of futures contracts to control the PPS of whatever they are manipulating at the time.
It was a couple years ago and I wouldn't even try to find the link. I believe they were talking about silver futes at the time.
HHHG Wednesday, 10/08/14 05:21:33 PM
Re: barcoded post# 1020
Post # of 2195
Anyone who posts about fearing a Reverse Split on this or any 3x fund is a true naive amateur, so I suggest you ignore any comments made by people about such topic from time-to-time.
3x Funds or any ETF/ETN DO NOT operate and function in same manner as typical common stock shares.
I agree that rev splits are bad when referring to standard common stock shares... But whenever 3x funds do any splits, the market cap stays same in a split basis and all daily movements are based on the underlying fund based structure (such as JNUG moves % based upon daily of the GDXJ movement regardless of any split factor).
Before, during, after an effective split, the 3x fund will move the same % each day correlated to its underlying product (and GDXJ in case of JNUG-JDST).
For example:
I traded thru NUGT & DUST last year in August 2013 when they went thru Rev & Forward Splits, and there was no affect. They moved only on the GDX miners performance % was same on the $$$$ invested into them during the split processes. The # shares & price converted, but the capitalization of the Fund & invested $$$ stayed same and thus moved only based on GDX movement for NUGT & DUST.
Dan,
I have always had a problem with that film. If you look at the film on Youtube, you will see a wall phone behind the scene that has a coiled cord.
My research revealed that the phone and the coiled cord were not made available until 1957. Being old, born in 1951, I remember when the coiled cord came to the market.
That always made the film dubious to me.
Take a few minutes and try to find a coiled cord before 1957.
ETFs are "Rebalanced" after the close every day.
That means costs of buying and selling during the day are applied to the PPS. NEVER hold long term.
AMNESTIED ILLEGAL IMMIGRANTS TO COST TAXPAYERS $2 TRILLION OVER THEIR LIFETIME
http://www.breitbart.com/Big-Government/2014/11/24/Robert-Rector-Amnestied-Illegal-Immigrants-to-Cost-Taxpayers-2-Trillion-Over-Their-Lifetime
The undocumented immigrants granted amnesty by President Barack Obama’s executive orders will likely cost taxpayers $2 trillion, according to Heritage Foundation poverty expert Robert Rector.
“The net cost — which is total benefits minus total benefits paid in — of the amnesty recipients I estimate will be around $2 trillion over the course of their lifetime,” Rector explained in an interview with Breitbart News Monday. He added that the calculation is based on the assumption that 4 million undocumented immigrants will participate and they will live, on average, 50 years.
According to Rector — who has published extensively on welfare, poverty, and immigration — the cost has two components: The first is the potential to access Social Security and Medicare, given amnestied undocumented immigrants’ ability to obtain work permits and Social Security Numbers.
“What [Obama] is doing is he is putting these 4 million people — who on average have a 10th grade education — into the Social Security and Medicare programs,” Rector said. He used much of the same methodology he incorporated in his May 2013 study on the cost of amnesty to reach his conclusions.
With the expected earnings for an individual with that level of education, he explained that the amnestied immigrants will take vastly more out than they will contribute to those programs.
“Given their expected earnings, from someone that has a 10th grade education, they will draw about three dollars worth of benefits out of those programs over their lifetimes for every dollar they put into them. But the overall cost in outlays will be around a trillion dollars for those programs alone,” Rector explained.
The second component of Rector’s analysis looked at means-tested welfare programs.
While undocumented immigrants are not eligible for welfare dollars, Rector says he expects that within about a dozen years either through legislation or executive action the amnestied immigrants will be able to access welfare programs.
As a stop-gap — should there be no legislation or executive action granting the amnestied illegal immigrants welfare access — Rector noted that once the citizen children of amnestied immigrants hit age 21 they could be able to petition to have their parents obtain green cards without leaving the country.
“After 5 years with a green card status they are eligible for all the welfare programs,” he added.
Once the amnestied undocumented immigrants are able to access welfare, he argued, that will be another trillion dollars in means-tested welfare over the course of their lifetime — on top of the trillion dollars in Social Security and Medicare.
“Even if they are waiting 10 or 12 years to get access to these programs, that is still a trillion dollar cost once they begin to get into them,” Rector said.
The Heritage expert explained that on average in the U.S., households headed by an individual without a high school diploma take in about $50,000 in federal, state, and local government benefits.
“The bottom line to understand this is you are taking 4 million people with a 10th grade education and giving them access to the largest entitlement and welfare system in the globe,” he said. Rector added that his findings are expected to be published at the Heritage Foundation in the coming days.
New Virus Source From China
Starting in E Cigs but can be used in other ways.
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=e%20cig%20charger%20virus
I just got 2 chargers for a tablet that didn't work out of the box. They were Ebay from China. I bought them both from a US supplier but when I had to file disputes with Paypal, the responses came from China.
Reasonably Priced Acer I7 W7 Laptops
Both have HDMI out. The second one can be jacked to 16 GB RAM.
http://www.newegg.com/Product/Product.aspx?Item=N82E16834314525&cm_re=acer_laptop_windows_7_I7-_-34-314-525-_-Product
http://www.newegg.com/Product/Product.aspx?Item=N82E16834314680&cm_re=acer_laptop_windows_7_I7-_-34-314-680-_-Product
I know this will sound corny and self serving.....
But why would you want to retire a functional Terminator?
After 10 years, you are bored with it is a GOOD answer.
In JNUG @ $5.47
I am partial to 7
8 is supposed to be for touch screen. It sux for everything else.
A good Acer with a big screen and 64 bit
And I7 cpu.
Do a search of Acer Laptops I7 @ newegg and get the biggest screen you want to pay for.
I see no reason to buy a docking station.
Just make sure the laptop has a HDMI out and you can plug it into a HDTV. A USB keyboard can be attached to the laptop and works fine. I do use a wireless mouse with mine.
Any of these will do well
Not a noticeable difference in performance between them.
Probably not
Check for SATA connections.
Current motherboards and power supplies are setup for SATA connections to the drives. Also current mobos require a second power connection which an older power supply won't have. The "ribbon" cable and the 1.44 floppy have pretty much gone the way of the dinosaur. RAM is motherboard specific.
My last personal build didn't happen. Instead, I purchased an Acer Aspire 7745G laptop with an I7 CPU and a HDMI out for TV as an external monitor. I put a SSD hard drive in it to speed it up. Fits my lifestyle better.
http://www.newegg.com/Product/ProductList.aspx?Submit=ENE&N=100006740%20600364041%20600003982&IsNodeId=1&name=Intel%20Core%20i7
Right now, there is a 40" Panasonic LCD TV going on sale for $199 @ Best Buy Thursday afternoon. Target has one going on sale Thursday afternoon for $119. Either of those will give you the screen space of 4-20" monitors. HDMI hookup.
I figure something to trade on and check email. Right?
These combo deals from Newegg use the Intel Core i5-4440 Haswell Quad-Core 3.1GHz (3.3GHz Turbo) LGA 1150 84W Desktop Processor Intel HD Graphics 4600 BX80646I54440 $169 for the processor only. FAST-----
http://www.newegg.com/Product/ProductList.aspx?Submit=ENE&DEPA=0&Order=BESTMATCH&Description=motherboard+combo+intel+Core+i5-4440&N=-1&isNodeId=1
USD new high for the year
Just A Reminder
I apologize for being redundant.
If you purchased your FNMA in your margin account, you had to use cash to make the purchase. FNMA cannot be purchased on margin.
That also means that FNMA shares do not count as equity in a margin account for other margin purchases.
So. Now you would have used cash to purchase an un-marginable stock and it is sitting in your margin account taking up trading space and dollars.
What you may not realize is those very cash paid shares can still be loaned to shorts because any stock in a margin account can be lent by your broker even though they are fully paid shares.
That means the shorts are raiding your accounts and using your shares against you. There is nowhere else they can borrow shares from. Nobody in their right minds is knowingly allowing their fully paid shares to be loaned to shorts.
The only thing you can do to stop it is to move them to a cash account.
Again, I apologize for being redundant and hope everyone is already dealing from cash accounts.
Gold-Mining Industry Mostly ‘Under Water,’ Gold Fields CEO Says
By Kevin Crowley - Nov 20, 2014
Gold miners’ costs are mostly higher than current spot prices, increasing the likelihood of writedowns next year, according to Nick Holland, chief executive officer of Gold Fields Ltd. (GFI)
Across the industry, costs are about $1,300 an ounce including debt repayments, Holland said by phone from Johannesburg today, citing analysts’ research. Gold dropped 0.1 percent to $1,182 an ounce, bringing the decline since the beginning of 2013 to 29 percent.
“The industry by and large is under water,” Holland said. “I would expect further writedowns. Production I think will be curtailed but it will take some time to filter through the system.”
Gold producers are struggling to adapt to a lower bullion price after a decade of debt-fueled expansion, acquisitions and cost inflation during the boom years that saw bullion peak at $1,921.17 an ounce in September 2011. The spot price has tumbled in the past 18 months as investors speculate the Federal Reserve will raise interest rates due to an improving U.S. economy, lowering demand for the safe-haven metal.
Gold Fields is able to “ride this through” as it has a break-even price of about $1,050 an ounce, or $1,090 an ounce including debt repayments, Holland said. While the company calculates its reserves at $1,300 an ounce, that number includes a 15 percent profit margin, he said.
“Everything is fine for now, obviously the margin won’t be 15 percent at the current price, it will be less than that,” Holland said. “That said, the business continues to be run the same as before.”
Profit Drop
Gold Fields dropped 4.8 percent at 9:16 a.m. today in Johannesburg after the precious metal fell 1.2 percent yesterday, largely after South African trading hours. The FTSE/JSE Africa Gold Mining Index decreased 5.1 percent to 1,091.8.
Headline earnings for the South African producer with mines from Peru to Australia were $14 million in the three months to Sept. 30, compared with $18 million the previous quarter, it said in a statement today.
The Johannesburg-based company, which spun off three of its cash-generative but old South African mines to create Sibanye Gold Ltd. last year, is seeking to “aggressively” pay down debt over the next three years as it adjusts to the lower gold price, Holland said. The company is also on the lookout for cheap, in-production acquisitions that more troubled miners are offloading.
Gold Fields reduced net debt in the quarter by $137 million to $1.5 billion. All-in sustaining costs for the year are expected to be 3 percent lower than previous forecast at $1,090 an ounce, it said.
Gold production rose 2 percent to 559,000 ounces in the quarter compared with the previous three months, the company said.
To contact the reporter on this story: Kevin Crowley in Johannesburg at kcrowley1@bloomberg.net
To contact the editors responsible for this story: Will Kennedy at wkennedy3@bloomberg.net Ana Monteiro, Dylan Griffiths
USD within .1 of high for the year
Might make new high today. It appears ready for new highs after consolidating and forming new base near the top.
http://www.marketwatch.com/investing/index/dxy/charts
Doubled up FNMA again with a GTC at the open @ $2.34
Now 1/2 of portfolio.
Toyota to market Fuel Cell car in US
Option to emergency power the avg home for 3-5 days.
https://autos.yahoo.com/blogs/motoramic/toyota-launches-the-mirai--a-hydrogen-car-you-can-buy-%E2%80%94-sort-of-233839110.html
1. Mr. Watt said such a process would have to be initiated by the Treasury Department, and that in the “short term” he would rule out such an action.
2. Mr. Watt said such a process would have to be initiated by the Treasury Department, and that in the “short term” he would rule out such an action.
3. Mr. Watt said such a process would have to be initiated by the Treasury Department, and that in the “short term” he would rule out such an action.
4. Mr. Watt said such a process would have to be initiated by the Treasury Department, and that in the “short term” he would rule out such an action.
What part of "We aren't running this Conservatorship. The Treasury is" Don't you understand Judge Sweeney?
Yup
But then what do they say about starting your portfolio over @ 60+ yrs old with a crappy paycheck?
It is time here for me to put to work what I have learned from a lifetime of trading.
Meanwhile, protection of the principal is the rule here.
Note that FNMA runs hard then pulls back for a reload breather and then runs again.
Clearing the portfolio and putting on war paint.
Shorts are hammering the ask.
Millions going off @ $2.30. Sooner or later the shorts are going to get a call from their broker.
You should cover while you can still walk away with a profit.
Do you really think the Dems are going
To leave a cash cow like the conservatorship to the Reps?
I am clearing more $ and will go in for more tomorrow
At any price.
FNMA
Could be an easy 10 bagger and possible 50 bagger from here.
Gold is still iffy
http://finviz.com/futures_charts.ashx?t=GC&p=w1
Doubling my FNMA position
Head of Banking Committee calls for end of conservatorship in committee meeting this morning.
Some gold trader's cat sitting on the SELL button
Out @ $4.83 Gold tanking fast
IN JNUG @ $5.73