Community Discussion
In our community we students of the market openly discuss our various market insights and thoughtful opinions in support of a wider understanding of price behavior. Join us and share your thoughts!
In our community we students of the market openly discuss our various market insights and thoughtful opinions in support of a wider understanding of price behavior. Join us and share your thoughts!
Building positions in green energy: PLUG, BE, CSIQ, BLDP; some years out from full potential, but expect they will pay off. PMs portfolio continues flat, was looking good earlier today until Fed meeting at 230PM and it reversed.
Hudbay Announces Extension of Mineralization at its Copper World Project in Arizona (yahoo.com)
What if ??…. what if Editas brought the two people in the very first LCA 10 in vivo crispr editing trial, to the September 29 presentation… ??… and they were functionally cured of blindness.. ?… That moment would equal the day that Steve Jobs revealed the I Phone on stage at the company presentation- he waited till the very end of his talk… had not even mentioned the ‘ secret ‘ that people had speculated on for months… he Thanked all in attendance, and turned to leave……. Apple’s stock started sliding sharply ( as CNBC was live broadcasting the event… Read more »
CL_F which is the NY Merc. price finished at $71.98 (US); some US production still offline in GOM, and the crude draws continue for 7th straight week; offsets from SPR releases not helping all that much; its still volatile tho’; daily winners in the #energy portfolio:
IMO +5.5%
SU +4.22%
MRO +5.35
MEGEF +3.10%
TRMLF +2.54%
CVX +2.96%
very nice, your largest $$$ holding is cvx? broke out of its ‘wedge-‘down’ pattern, technical analysts might say. CVX Chevron Corporation Stock Quote (finviz.com)
CVX and XOM been lagging; all you hear is ESG; good div. stocks; by next summer crude will be to US what nat. gas is to Europe now; good leverage with Canada so I hold; exited CLR and DVN with profits but think I sold too early.
Which Big Tech CEO sold the most stock during 1H2021?
The Visual Capitalist shows it was Bezos and Zuckerberg by a long way
Bezos sold the most but did it in just 15 transactions while Zuckerberg was selling every 1.3 days on average.
Bullion Banks ignore Powell and crush Gold, for now There is no need to think too deeply about the Fed/FOMC report and Powell discussion. The Fed anticipates US inflation is to be averaging 4.2% this year and 3.5% in 2022. Powell says that inflation is well above targets and will remain so for several/many months before moderating. He claimed that supply bottlenecks are the big problem causing higher rates in the short term. Regarding tapering, i.e., lower or elimination of bond purchases, he indicated that it would likely be mid-year 2022 based on the data the Fed has today. At… Read more »
Powell also said that Evergrande is a China problem and not really a US problem, but that the banks in the region seem to be handling it ok. He stated that China has the greatest debt to GDP of the emerging economies in the region, and so they will have to deal with problems in the corporate area that the US has not seen domestically.
Powell, when asked about “falling behind” on digital currencies, stated that he didn’t think the US was behind but that he wanted studies done to come up with the right decision rather than a fast one. Then he said the Fed would have to have a meeting of the minds with the Administration (including, he means, Treasury and SEC). He also very much wanted Congress involved.
So, what he’s saying is that Crypto investors (in legal instruments) are safe for now and that the SEC can slowly apply the regulatory squeeze. So, all clear on the Western Front for Crypto.
Dats just plugging along.. up 18% from Monday
Cool Crispr company from San Francisco… GRPH … love the name….Graphite… awesome leadership.
Solid Biosciences (SLDB) mentioned by baz22 a few days ago is down 8%.
I initiated a position @ 2.89
Not to bad…. after a 30% run up from Monday… 😇… Data this week.. hedges ???
9 am. Thursday, September 23, 2021… in 13 hours… 💥
Gold drops $5 and then pops +$16 in minutes after the Fed report
The action started at precisely 2:00 pm ET.
I plan to listen to chair Powell at 2:30 and then watch the narratives being rolled out after that before commenting.
$usd jumped . . shake down? 😦
Aloha!
Popped and dropped again! I have bought the hell out of the most beat up sector in all the markets YTD.
I buy Mene(jewelry). I buy Kitco and Vaultchain(gold and silver) and I have been accumulating XAU(TSX) XAUMF, many tens of thousand of shares.
Waiting for the XAU gold based storage totenpass.
CytoDyn (CYDY) up 10% on Brazil news
https://finance.yahoo.com/news/cytodyn-receives-clearance-brazil-fda-120000476.html
ah kool i have a few shares, thanks alexx.
looking for Bill’s thoughts on the Fed.
sibanye stillwater $13.80 up 4%, rbc has a price target of $28.00 More than double it’s current price. tough to find earnings listing though? investing.com has . . .
$0.58 vs 0.62eps estimated?
SBSW Earnings Date & Report (Sibanye Gold) – Investing.com
$0.58 GAAP is correct on Rev. of $6.18 Billion; S. Africa, as well as Australian co.’s typically report semi-annual results vs. quarterly; I usually just read the company Press releases for Earnings numbers…
QuantumScape “solid-state lithium-metal batteries for electric vehicle”. small position, at low of day?? QS QuantumScape Corporation Stock Quote (finviz.com)
gm eia crude report: “crude oil inventories . . . decreased by 3.5 million barrels from the previous week. At 414.0 million barrels, U.S. crude oil inventories are about 8% below the five year average . . motor gasoline inventories increased by 3.5 million barrels last week and are about 3% below the five year average.” gas production 9.6M per day
Weekly Petroleum Status Report (eia.gov)
Industrial Miners are soaring
My holdings:
This is a combination of analyst upgrades and Evergrande relief.
But the Fed/FOMC report is upcoming. The narrative scripts are in the can and ready to roll.
Hopefully my way.
TECK Price Target increases:
9/21 Analyst Day
https://www.bloomberg.com/news/articles/2021-09-14/teck-resources-is-said-to-weigh-options-for-8-billion-coal-unit Teck produced more than 21 million metric tons of steelmaking coal last year from four locations in western Canada. The business accounted for 35% of the company’s gross profit before depreciation and amortization in 2020, according to its website. Metallurgical coal is a key raw materials used in steelmaking, which remains one of the most polluting industries on the planet and faces significant pressure from policymakers to clean up its act. China, the world’s largest metal producer, has indicated it will curb steelmaking in an effort to reduce carbon emissions. Prices of metallurgical coal prices have continued to rise this year as bets on… Read more »
Who will be left standing….. ?
Cassava Sciences Announces Top-line Results of 12-month Interim Analysis from Open-label Study Evaluating Simufilam in Alzheimer’s Disease
https://finance.yahoo.com/news/cassava-sciences-announces-top-line-123000408.html
SAVA is up bigly: +9.5% yesterday and +6.5% in pre-market this morning.
It’s now down 7%.
???
There are a lot of haters out there, and many law firms hoping to make a buck out of SAVA
finance.yahoo.com – September 22 at 9:56 AM
finance.yahoo.com – September 22 at 8:44 AM
finance.yahoo.com – September 22 at 8:44 AM
INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Securities Class Action Lawsuit Has Been Filed on Behalf of Cassava Sciences, Inc. (SAVA) Investors and Encourages Investors to Contact the Firm Before October 26, 2021
finance.yahoo.com – September 21 at 5:41 PM
finance.yahoo.com – September 21 at 5:41 PM
finance.yahoo.com – September 21 at 1:49 PM
finance.yahoo.com – September 21 at 12:35 PM
Is Crypto up or down this morning?
My IB monitor shows Bitcoin (BTC) and Ethereum (ETH) up +0.36% and +1.05% respectively, at the moment. But coinmarketcap.com shows the real-time prices to be the same but 24-hour performance as being down -2.26% and -3.54% respectively.
I’ll have to figure this out.
Clever Leaves is promoting Cannabis research for chronic disease treatment This article by Benzinga is informative: https://www.benzinga.com/general/biotech/21/09/23048928/clever-leaves-is-advancing-research-into-cannabis-for-chronic-disease-treatment-with-project-chan From the article: Fortune Business Insights™ projects the global cannabis market to be worth $97.35 billion by 2026 with increased medical and therapeutic use purposes to fuel this growth. This means that there seems to be a lot of potential for cannabinoids and the future of their medicinal use may be bright. I hold a 3.0% portfolio position in Clever Leaves Dec 2025 warrants (CLVRW). This is a long-term position that started out wonderfully with a larger position but lately has not gone well.… Read more »
BMO hops on the TECK bandwagon It’s usually the case that sell-side analysts issue positive reports just as share prices are rebounding, and that’s the case today with BMO and TECK. I have often said that TECK is Canada’s finest mining company (steelmaking coal, zinc, copper, and gold) that operates in Canada, Peru, Chile, and the US. The Company has a superb management team led for many years by Don Lindsay. As the long-term chart shows, TECK is a cyclical play. I frequently hold a portfolio position, and I do today. Presently there are 14 analysts with Buy ratings, four… Read more »
The future role of graphene and hydrogen For many years our friend kaimu has promoted investment in graphene technology for its role in electrical energy storage devices (batteries, supercapacitors, and hydrogen fuel cells) in addition to many other useful applications. Graphene facilitates more storage and faster charging of these devices. This weekend I will be meeting the CEO of HydroGraph Clean Power Inc., a new (2017) Canadian company that claims “Synthetic detonated hydrogen is the perfect clean fuel but current production methods (via electrolysis or steam methane reforming) are neither economical nor green. Our precisely controlled detonation method for graphene… Read more »
Evergrande says interest payments due tomorrow will be made Suddenly the Evergrande pressure is off, which is what I have been saying would happen. The stock prices of HSBC and Standard Chartered Banks, which are the large Hong Kong banks that would be impacted by an Evergrande collapse, were much higher in London today. Presently, HSBC and Standard Chartered stocks are up +4.0% and +3.8% respectively. The broad market is also strong in London and elsewhere today. The London FTSE 100 is up +1.2% and the Paris CAC 40 is up +1.1% at this point. Copper is up +2.6% to… Read more »
I received this personal note from an appreciative reader:
I thank the reader but I wish more would comment in the blog, for or against anything I have to say.
Airbus to push ahead with hydrogen technology and fuel cells
The Airbus CEO Guillaume Faury was interviewed at length this morning by Bloomberg News where he talked of the plan of the company to adapt hydrogen technology and fuel cells to future airplanes.
This is a significant development that will lead to substantially higher investment in hydrogen.
Look for PLUG…. * Bloom Energy- BE – would be the Power Plants…. Restarted SPWR yesterday. With their spinoff of MAXN , Sunpower is ultra-efficent in design and installation . A complete system can be designed online in less than 5 minutes .. With the Biden initiative and best in class panels, the future looks pretty good…
Big night for Copper
To this point at least
Let’s see what tomorrow brings
Big report to come from the Fed/FOMC
api crude report: “inventories decreased by about 6.1 million barrels . . . also showed that gasoline inventories declined by about 432,000”
Oil Inventories Fell by 6.1M Barrels Last Week: API By Investing.com