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I will probably trade CVAC… as usual, headlines read ‘ Failure ‘… OK, Curevac didn’t reach the 63% efficacy rate the EMA was looking for … remember last year and Fauci ?? .. ” at this point, 50 % efficacy would be accepted ” Fauci stated….. you know, like the yearly Flu shot is about 50 % effective… CureVac conducted its 40,000 person trials with ” At least 13 identified variants circulating ” – CVAC Chief Executive Officer… Of the 124 identified viral infections so far, only ONE was the original Covid 19 virus. No Other vaccine trial had to… Read more »
The NVAX vaccine showed 60% effectiveness when tested against one Covid variant, the ‘ South African ‘ strain ( the same strain as what Pfizer/BNTX tested against ) when the subjects did not have HIV, but had only 49% effectiveness when the subject had HIV…
A very recently released study ( June, 2021 ) in the British medical journal, The Lancet, showed that when the Pfizer/BNTX vaccine was used against the Delta Variant ( first identified in the UK ), Six Times Less neutralizing antibodies were produced than when used against the original Covid 19 strain, and in the Beta Variant, ( first identified in South Africa ), Four Times Less neutralizing antibodies were produced than when used against the original Covid 19 strain……
With margin calls and options, its possible to see $ 40 or $ 41 next week… maybe $ 39’s…
Last edited 5 hours ago by baz22
kaimu
June 16, 2021 7:38 pm
Aloha! WOA-WIDE OPEN AG BUILDING PROCESSING PLANT
Scaling for production and offtakes and build a collection of lupin-based protein IP.
I am in this for the “protein” and the fact that the state of West Australia produces 60%+ of global lupin protein crop. Its a big vertical they have! From the farm to your kitchen table!
Position opened at $48.60 10/05/2020 9:30 am
Position closed at $101.70 12/04/2020 10:03 am
Profit was +109.3% in 60 days
I never had the time to monitor those Biotech trades and I knew that a bad clinical trial result would trash the stock. Today was a learning experience for traders.
I was soooooo lucky… had sold the last bit after lunch when it was 5% below original purchase.. but, the delay and need for another readout was the tipoff…… Sell: 200 shares CVAC … $ 94.96, 2:45 pm….. original buys Last year.. > 500 shares at average of $ 52.50… sold all at $ 148.20’s….. rebought > 1,000 shares last month at $ 98.50 avg… sold 500 shares at $ 120’s… sold 300 at $ 98’s – $ 102’s … sold 200 today…
Oh yes…. bought 200 shares ( total ) at $ 113’s and $ 111’s on sudden drop below $ 120’s over one week ago ( as discussed with dave raj on the blog ) but sold quickly for a $ 5/share loss – $ 1,000. , as volume to the downside grew…( also posted on blog the same morning ) ….. * buys had been premarket…. My sell loss rules ( adopted from William O’ Neil, founder of IBD ) will always be there……. * Lesson ?… You better know Everything about your stock when its Biotech…. Everything from many… Read more »
Rumors in January – March this year, at Stocktwits for BNTX had said CureVac was having troubles…. There is some Really good information on Stocktwits at times… ** My 7 % sell-loss rule is ALWAYS in effect…. When I am betting this kind of stake, I keep it at 4 % to 5 % loss….
Bluestone Resources (BSR.V)(BBSRF) I bought 40,000 Bluestone in the past couple of days. I bought these shares to add to my mine developers list. Excellent presentation today by Jack Lundin, son of Lucas and grandson of Adolf. I have been investing in their companies for years, and I can see that Jack is going to become a major player in the industry too. Here is the link to today’s presentation: https://6ix.com/event/cerro-blanco-2-0-good-to-great/ This is a developing open-pit mine. Financing is anticipated in mid-2022 with production likely in mid-year 2024, probably early Fall. They are permitted for underground mining, but still will… Read more »
Fed’s Powell speaks CNBC summarized: The Federal Reserve dialed up its inflation expectations for 2021 on Wednesday, according to the central bank’s Summary of Economic Projections. The Fed now sees inflation running to 3.4% this year, above its previous estimate of 2.4%. The Fed also slightly hiked its PCE inflation estimates for 2022 and 2023. The Federal Reserve has indicated there could be two rate hikes by 2023. Previously its consensus forecast indicated there wouldn’t be any rate hikes until beyond 2023. The central bank now expects real gross domestic product to grow 7% in 2021, compared to its forecast of… Read more »
Fed keeps rates unchanged but projects two rate hikes by end of 2023
Why this report caused a major decline in Copper and Gold is beyond my comprehension. But the first reaction is typically a deception, so let’s wait till Power finishes his discussion.
bill, maybe alexi could add an ignore feature. consideratly, you have added a political channel for comments not related to the market. perhaps a “button” would be appropriate. thanks.
kaimu
June 16, 2021 1:34 pm
Aloha! BIDEN TALKS
From his speech! “We are resolved that the method of consultation shall be the method adopted to deal with any other questions that may concern our two countries, and we are determined to continue our efforts to remove possible sources of difference, and thus to contribute to assure the peace.”
I don’t agree with many of his policies, but you have to admit he spoke and looked like one should expect of a US president.
JimG
June 16, 2021 12:59 pm
The Swiss contribute 0.1% of world carbon emissions. So the Swiss government decided that the people should pay higher taxes? a levy of between CHF30 and CHF120 ($32-$129) on airline tickets, for flights taking off from Switzerland an obligation for car importers to sell more energy-efficient vehicles an increase of the surcharge on diesel and petrol from CHF0.05 to CHF0.12 per litre, to be levied by fuel importers an increase of the tax on CO2 levied on diesel from CHF120 to CHF210 per tonne https://www.swissinfo.ch/eng/politics/swiss-climate-strategy-to-be-decided-at-the-ballot-box/46515048 But the Swiss people said no. https://www.swissinfo.ch/eng/switzerland-votes-on-controversial-co2-law-/46695016 I am sure the Swiss government will try… Read more »
Aloha!
First part of last year Paris burned! That’s what the French said to Macron’s “carbon tax”!
kaimu
June 16, 2021 12:27 pm
Aloha! PUTIN IN HAWAII Okay, strategic metals time! Lockheed and General Dynamics time! Biden is moving the West to war mode. Neocons are happy! My military pick is PLTR! While Putin played with Biden in Geneva his navy was 300mi off the coast of Hawaii. Close enough that F22 jets were sent from Pearl to push back! Maybe we can send BLM out to demand that Russia obey them! LINK: https://nypost.com/2021/06/16/russia-provokes-biden-in-largest-military-exercises-since-cold-war/ Our current president is a clear and present danger to global stability! Both Putin and Xi see that Trump is gone and the USA is back in “lead from… Read more »
Why you want to be out of Bitcoin and into Blockchain I was preparing a paper on this topic when newsletter writer Chris Dehaemer sent a video that says it all. I have NEVER in my life recommended a sales pitch video, but I will say there are reasons to watch his video: The $400 Trillion Blockchain “backdoor”. https://www.angelnexus.com/o/web/329077 The video refers to Biden starting today June 16, 2021, to destroy Bitcoin, the date he says the Fed will announce the Digital Dollar. I don’t know a thing about Chris Dehaemer except for this video, which I received today in… Read more »
Last edited 17 hours ago by Bill Cara
skyler
June 16, 2021 10:33 am
eia crude report: “crude oil inventories . . decreased by 7.4 million barrels from the previous week. At 466.7 million barrels, U.S. crude oil inventories are about 5% below the five year average for this time of year. Total motor gasoline inventories increased by 2.0 million barrels last week and are about 0% above the five year average . .” gasoline production 9.9M per day Weekly Petroleum Status Report (eia.gov)
Aloha! That is a positive step forward but as you know it takes years to put anything Earthly into production, whether it is a mine or an oil or gas well. Government gets in the way whether the judge ruled in favor or not! Woke governments are anti-Working Class! Blue collar bows down! What concerns me more is CAPEX. It pains me to see Shell back out of the Perminan because of “climate activists”. Shell had another hit in Dutch courts from yet another “climate judge”! This steady cut in CAPEX will keep the price of oil and gas rising!… Read more »
Base Metals and Precious Metals stocks may be rebounding Although prices of the metal miners in London have been weak again today to this point, I was impressed by yesterday’s trading action in New York, so I bought FCX and Copper Mountain heavily. Today, however, will be a matter of waiting until the Chair Powell of the Fed provides some indication of their stance on inflation. My thinking this morning is that no matter what Powell says or is interpreted as saying, investors will be net buyers of the metal miners and the Goldminers as well. If so, this will… Read more »
Copper at $4.3445 must rise to above around $4.44 before I think the Copperminers will recover. The reports from China are causing anxiety. On the other hand, the UK inflation data reported today reflects an inflation condition that is more than temporary. I believe that Copper, Silver, and Gold will become part of the Inflation Trade.
Now let’s see what the Fed has to say and the market reaction to that.
FCX is now in recovery. My purchases yesterday afternoon are in the money.
I find it interesting how closely watched and quickly traded is FCX. It has long been a favorite stock of mine for trading although I admit to being too early on most trend reversals.
After I purchased the Copperminers late yesterday afternoon, I drew this chart with a heart.
I push myself to follow through with all my trades to decide if they were good or not.
So far, it was a good call although late last evening as stories came out of China the authorities were cracking down on inflationary commodity prices I had my doubts.
Gold is gold.. it will always be gold, whether in a vault, the ground or jewelry…. Bitcoin is a technology and it will always change. Most trading is done by hedge funds , Institutions and Big money traders.. The individual buyers of bitcoin are not buying to trade or using bitcpin to buy Tesla’s.. They are buying for the future. For the technological changes that will inevitably come. The ‘ Taproot ” installment to Bitcoin this week was one such change… I have given first hand reports on five individuals that I personally know who bought small ( less than… Read more »
do not let the “digs” or comments about “saran wrap”, etc, etc diminish your enthusiasm for bitcoin…do not believe anyone “mocked” gold during the multi year downtrend……Respect to all is key for a valued discussion. Now if EDIT would only firm up……..
The fact that “gold is gold” has zero to do with any discussion of Bitcoin or Blockchain. The fact you personally know people who bought BTC in its formative stages years ago has no interest to me or I suspect most readers. It’s nice to hear but it means nothing to us as we have no Fear Of Missing Out. I will fight FOMO as long as I live, which means as long as I write here at this site. I have never said that Bitcoin buyers are intending to buy Tesla’s because I have no proof and I also… Read more »
Clearly, my pithy writing style is not well received by many people. But the truth is that I write the way I live. I am not easily impressed by style. It’s facts and substance that get me involved. Anyone can see why I never did well in the boardroom except making close friendships with the few similar people I met.
Why the Fed will tell us tomorrow that inflation is not a problem While YoY prices have increased so much under CPI and PPI measures, the Fed is more concerned about wage growth stats. Here is what the Economic Policy Institute reported in January, which was following the 4Q2020 datapoints that met their minimum 3.5% nominal wage growth criteria for pushing into inflation territory: Slow wage growth is a key sign of how far the U.S. economy remains from a full recovery.On some fronts, the economy is steadily healing from the Great Recession. The unemployment rate is down, and the… Read more »
As Copper popped a bit in London near the close and in Toronto and New York, I bot more CMMC.TO and FCX to increase my Copperminers portfolio-weighting to 21.26%, almost up to what my cash position is.
As I say, let’s see what the week brings. First up, of course, will be the Fed telling us tomorrow if inflation is still just a temporary phenomenon.
China is still a net importer and still paying a premium over market price on its imports of Copper. Copper is close to a demand-supply balance today but almost for certain falls into a supply deficit in the next few years that will propel prices higher. So, when Copper prices are smashed, I buy the Copperminers, and when prices become over-bought according to various technical indicators, I sell. But it’s important to understand that, while I expect to miss tops and bottoms of short-term cycles, the long-term moneyflows into the Copperminer stocks are unquestionably in my favor. In fact, I… Read more »
Where is “debt over leverage”? I think debt related collapse should be one of the top concerns. I am still wondering how this business “debt forgiveness” and “mortgage and rent moratorium” will work its way through the markets. We always know who gets bailed out, but who will be the collateral damage? At some point it will be sovereign debt! $28.4tril and counting! A real WW3 right now would be unfunded!
I think speculating on Elon Musk should have been included
kaimu
June 15, 2021 1:31 pm
Aloha! THE TEXAS TWO STEP Okay the TEXAS PUSH BACK has started! Texas is going against Wall Street and tech and climate change agendas. Every major US state involved in oil and gas and nuclear and coal and metals mining needs to join in the battle against the Finks of the world! That also needs to include major provinces like Texas in Canada! I am happy to cut Wall Street banks out of funding oil and gas. I am happy to send refined oil and gas products to New York with “climate surcharges” on them! I just spoke with a… Read more »
I will probably trade CVAC… as usual, headlines read ‘ Failure ‘… OK, Curevac didn’t reach the 63% efficacy rate the EMA was looking for … remember last year and Fauci ?? .. ” at this point, 50 % efficacy would be accepted ” Fauci stated….. you know, like the yearly Flu shot is about 50 % effective… CureVac conducted its 40,000 person trials with ” At least 13 identified variants circulating ” – CVAC Chief Executive Officer… Of the 124 identified viral infections so far, only ONE was the original Covid 19 virus. No Other vaccine trial had to… Read more »
The NVAX vaccine showed 60% effectiveness when tested against one Covid variant, the ‘ South African ‘ strain ( the same strain as what Pfizer/BNTX tested against ) when the subjects did not have HIV, but had only 49% effectiveness when the subject had HIV…
A very recently released study ( June, 2021 ) in the British medical journal, The Lancet, showed that when the Pfizer/BNTX vaccine was used against the Delta Variant ( first identified in the UK ), Six Times Less neutralizing antibodies were produced than when used against the original Covid 19 strain, and in the Beta Variant, ( first identified in South Africa ), Four Times Less neutralizing antibodies were produced than when used against the original Covid 19 strain……
With margin calls and options, its possible to see $ 40 or $ 41 next week… maybe $ 39’s…
Aloha!
WOA-WIDE OPEN AG BUILDING PROCESSING PLANT
Scaling for production and offtakes and build a collection of lupin-based protein IP.
I am in this for the “protein” and the fact that the state of West Australia produces 60%+ of global lupin protein crop. Its a big vertical they have! From the farm to your kitchen table!
LINK: https://www.wideopenagriculture.com.au/sites/default/files/asx-announcements/61037084.pdf
Did not work out for CureVac
CVAC is down to $45.50, losing more than -50% in after-market trading.
CureVac plunges as COVID-19 vaccine candidate indicates below par efficacy
https://finance.yahoo.com/quote/CVAC?p=CVAC&.tsrc=fin-srch
My CVAC trade for Trade Exchange
Position opened at $48.60 10/05/2020 9:30 am
Position closed at $101.70 12/04/2020 10:03 am
Profit was +109.3% in 60 days
I never had the time to monitor those Biotech trades and I knew that a bad clinical trial result would trash the stock. Today was a learning experience for traders.
I was soooooo lucky… had sold the last bit after lunch when it was 5% below original purchase.. but, the delay and need for another readout was the tipoff…… Sell: 200 shares CVAC … $ 94.96, 2:45 pm….. original buys Last year.. > 500 shares at average of $ 52.50… sold all at $ 148.20’s….. rebought > 1,000 shares last month at $ 98.50 avg… sold 500 shares at $ 120’s… sold 300 at $ 98’s – $ 102’s … sold 200 today…
Oh yes…. bought 200 shares ( total ) at $ 113’s and $ 111’s on sudden drop below $ 120’s over one week ago ( as discussed with dave raj on the blog ) but sold quickly for a $ 5/share loss – $ 1,000. , as volume to the downside grew…( also posted on blog the same morning ) ….. * buys had been premarket…. My sell loss rules ( adopted from William O’ Neil, founder of IBD ) will always be there……. * Lesson ?… You better know Everything about your stock when its Biotech…. Everything from many… Read more »
Rumors in January – March this year, at Stocktwits for BNTX had said CureVac was having troubles…. There is some Really good information on Stocktwits at times… ** My 7 % sell-loss rule is ALWAYS in effect…. When I am betting this kind of stake, I keep it at 4 % to 5 % loss….
Bluestone Resources (BSR.V)(BBSRF) I bought 40,000 Bluestone in the past couple of days. I bought these shares to add to my mine developers list. Excellent presentation today by Jack Lundin, son of Lucas and grandson of Adolf. I have been investing in their companies for years, and I can see that Jack is going to become a major player in the industry too. Here is the link to today’s presentation: https://6ix.com/event/cerro-blanco-2-0-good-to-great/ This is a developing open-pit mine. Financing is anticipated in mid-2022 with production likely in mid-year 2024, probably early Fall. They are permitted for underground mining, but still will… Read more »
Skyler… I’m buying Riot in the 33″s…..
Skyler … PLUG., in $ 27’s 3 weeks ago..; $ 28’s today..
Skyler… restarted Sgmo today…
Fed’s Powell speaks CNBC summarized: The Federal Reserve dialed up its inflation expectations for 2021 on Wednesday, according to the central bank’s Summary of Economic Projections. The Fed now sees inflation running to 3.4% this year, above its previous estimate of 2.4%. The Fed also slightly hiked its PCE inflation estimates for 2022 and 2023. The Federal Reserve has indicated there could be two rate hikes by 2023. Previously its consensus forecast indicated there wouldn’t be any rate hikes until beyond 2023. The central bank now expects real gross domestic product to grow 7% in 2021, compared to its forecast of… Read more »
Interview with author Diego Parrilla “The Anti-Bubbles”
Throw out the text books. The rules have changed.
Parrilla lays out the path the fed will take ( Don’t expect any rate hikes )
https://markethuddle.com/podcast/everything-is-an-option-guests-diego-parrilla-kuppy/
marathon oil ‘an independent exploration and production company’ small position.
MRO Marathon Oil Corporation Stock Quote (finviz.com)
Fed keeps rates unchanged but projects two rate hikes by end of 2023
Why this report caused a major decline in Copper and Gold is beyond my comprehension. But the first reaction is typically a deception, so let’s wait till Power finishes his discussion.
bill, maybe alexi could add an ignore feature. consideratly, you have added a political channel for comments not related to the market. perhaps a “button” would be appropriate. thanks.
Aloha!
BIDEN TALKS
From his speech!
“We are resolved that the method of consultation shall be the method adopted to deal with any other questions that may concern our two countries, and we are determined to continue our efforts to remove possible sources of difference, and thus to contribute to assure the peace.”
Yada yada!
I don’t agree with many of his policies, but you have to admit he spoke and looked like one should expect of a US president.
The Swiss contribute 0.1% of world carbon emissions. So the Swiss government decided that the people should pay higher taxes? a levy of between CHF30 and CHF120 ($32-$129) on airline tickets, for flights taking off from Switzerland an obligation for car importers to sell more energy-efficient vehicles an increase of the surcharge on diesel and petrol from CHF0.05 to CHF0.12 per litre, to be levied by fuel importers an increase of the tax on CO2 levied on diesel from CHF120 to CHF210 per tonne https://www.swissinfo.ch/eng/politics/swiss-climate-strategy-to-be-decided-at-the-ballot-box/46515048 But the Swiss people said no. https://www.swissinfo.ch/eng/switzerland-votes-on-controversial-co2-law-/46695016 I am sure the Swiss government will try… Read more »
Aloha!
First part of last year Paris burned! That’s what the French said to Macron’s “carbon tax”!
Aloha! PUTIN IN HAWAII Okay, strategic metals time! Lockheed and General Dynamics time! Biden is moving the West to war mode. Neocons are happy! My military pick is PLTR! While Putin played with Biden in Geneva his navy was 300mi off the coast of Hawaii. Close enough that F22 jets were sent from Pearl to push back! Maybe we can send BLM out to demand that Russia obey them! LINK: https://nypost.com/2021/06/16/russia-provokes-biden-in-largest-military-exercises-since-cold-war/ Our current president is a clear and present danger to global stability! Both Putin and Xi see that Trump is gone and the USA is back in “lead from… Read more »
Why you want to be out of Bitcoin and into Blockchain I was preparing a paper on this topic when newsletter writer Chris Dehaemer sent a video that says it all. I have NEVER in my life recommended a sales pitch video, but I will say there are reasons to watch his video: The $400 Trillion Blockchain “backdoor”. https://www.angelnexus.com/o/web/329077 The video refers to Biden starting today June 16, 2021, to destroy Bitcoin, the date he says the Fed will announce the Digital Dollar. I don’t know a thing about Chris Dehaemer except for this video, which I received today in… Read more »
eia crude report: “crude oil inventories . . decreased by 7.4 million barrels from the previous week. At 466.7 million barrels, U.S. crude oil inventories are about 5% below the five year average for this time of year. Total motor gasoline inventories increased by 2.0 million barrels last week and are about 0% above the five year average . .” gasoline production 9.9M per day Weekly Petroleum Status Report (eia.gov)
there’s sunrun ‘run’ up 7%, from a morgan stanley upgrade?
RUN Sunrun Inc. Stock Quote (finviz.com)
Anxiety in the Bitcoin world this morning
It could be that traders are thinking maybe BTC was on the Fed meeting agenda. But BTC is down and so are 17 of the 18 coins I monitor this morning.
I think the bigger concern ought to be the upcoming G-20 meeting July 9-10.
Biden’s plan to stop Oil&Gas lease sales on federal land is blocked by a federal judge
kaimu must be thrilled
https://www.manufacturing.net/energy/news/21509113/judge-blocks-bidens-pause-on-new-oil-gas-leases
Aloha! That is a positive step forward but as you know it takes years to put anything Earthly into production, whether it is a mine or an oil or gas well. Government gets in the way whether the judge ruled in favor or not! Woke governments are anti-Working Class! Blue collar bows down! What concerns me more is CAPEX. It pains me to see Shell back out of the Perminan because of “climate activists”. Shell had another hit in Dutch courts from yet another “climate judge”! This steady cut in CAPEX will keep the price of oil and gas rising!… Read more »
Hear Hear!
sm energy down 2% small position.
Earnings Whisper Number for SM: Sm Energy (earningswhispers.com)
SM Energy Stock Price (SM) – Investing.com
Base Metals and Precious Metals stocks may be rebounding Although prices of the metal miners in London have been weak again today to this point, I was impressed by yesterday’s trading action in New York, so I bought FCX and Copper Mountain heavily. Today, however, will be a matter of waiting until the Chair Powell of the Fed provides some indication of their stance on inflation. My thinking this morning is that no matter what Powell says or is interpreted as saying, investors will be net buyers of the metal miners and the Goldminers as well. If so, this will… Read more »
Copper at $4.3445 must rise to above around $4.44 before I think the Copperminers will recover. The reports from China are causing anxiety. On the other hand, the UK inflation data reported today reflects an inflation condition that is more than temporary. I believe that Copper, Silver, and Gold will become part of the Inflation Trade.
Now let’s see what the Fed has to say and the market reaction to that.
FCX is now in recovery. My purchases yesterday afternoon are in the money.
I find it interesting how closely watched and quickly traded is FCX. It has long been a favorite stock of mine for trading although I admit to being too early on most trend reversals.
Trading is always going to be a challenge,
After I purchased the Copperminers late yesterday afternoon, I drew this chart with a heart.
I push myself to follow through with all my trades to decide if they were good or not.
So far, it was a good call although late last evening as stories came out of China the authorities were cracking down on inflationary commodity prices I had my doubts.
api crude report: “crude supplies fell by 8.5 million barrels for the week ended June 11, according to sources. The API report reportedly also showed gasoline stockpiles up by nearly 2.9 million barrels”
API data reportedly show a weekly decline of more than 8 million barrels in U.S. crude supplies – MarketWatch
SOS…The green machine.
Gold is gold.. it will always be gold, whether in a vault, the ground or jewelry…. Bitcoin is a technology and it will always change. Most trading is done by hedge funds , Institutions and Big money traders.. The individual buyers of bitcoin are not buying to trade or using bitcpin to buy Tesla’s.. They are buying for the future. For the technological changes that will inevitably come. The ‘ Taproot ” installment to Bitcoin this week was one such change… I have given first hand reports on five individuals that I personally know who bought small ( less than… Read more »
do not let the “digs” or comments about “saran wrap”, etc, etc diminish your enthusiasm for bitcoin…do not believe anyone “mocked” gold during the multi year downtrend……Respect to all is key for a valued discussion. Now if EDIT would only firm up……..
well that stinks, having pocketed 10% trading ‘mara’, which wouldn’t
have been on my radar but for your (valued)comments.
The fact that “gold is gold” has zero to do with any discussion of Bitcoin or Blockchain. The fact you personally know people who bought BTC in its formative stages years ago has no interest to me or I suspect most readers. It’s nice to hear but it means nothing to us as we have no Fear Of Missing Out. I will fight FOMO as long as I live, which means as long as I write here at this site. I have never said that Bitcoin buyers are intending to buy Tesla’s because I have no proof and I also… Read more »
Clearly, my pithy writing style is not well received by many people. But the truth is that I write the way I live. I am not easily impressed by style. It’s facts and substance that get me involved. Anyone can see why I never did well in the boardroom except making close friendships with the few similar people I met.
Why the Fed will tell us tomorrow that inflation is not a problem While YoY prices have increased so much under CPI and PPI measures, the Fed is more concerned about wage growth stats. Here is what the Economic Policy Institute reported in January, which was following the 4Q2020 datapoints that met their minimum 3.5% nominal wage growth criteria for pushing into inflation territory: Slow wage growth is a key sign of how far the U.S. economy remains from a full recovery.On some fronts, the economy is steadily healing from the Great Recession. The unemployment rate is down, and the… Read more »
Copper showing signs of life
As Copper popped a bit in London near the close and in Toronto and New York, I bot more CMMC.TO and FCX to increase my Copperminers portfolio-weighting to 21.26%, almost up to what my cash position is.
As I say, let’s see what the week brings. First up, of course, will be the Fed telling us tomorrow if inflation is still just a temporary phenomenon.
China is still a net importer and still paying a premium over market price on its imports of Copper. Copper is close to a demand-supply balance today but almost for certain falls into a supply deficit in the next few years that will propel prices higher. So, when Copper prices are smashed, I buy the Copperminers, and when prices become over-bought according to various technical indicators, I sell. But it’s important to understand that, while I expect to miss tops and bottoms of short-term cycles, the long-term moneyflows into the Copperminer stocks are unquestionably in my favor. In fact, I… Read more »
As you know, I buy into (extreme) weakness, and today we had some extreme weakness in the Copperminers. So after 2 pm I have been buying a lot.
The world’s biggest business risks
The Visual Capitalists presents the case:
Aloha!
Where is “debt over leverage”? I think debt related collapse should be one of the top concerns. I am still wondering how this business “debt forgiveness” and “mortgage and rent moratorium” will work its way through the markets. We always know who gets bailed out, but who will be the collateral damage? At some point it will be sovereign debt! $28.4tril and counting! A real WW3 right now would be unfunded!
I think speculating on Elon Musk should have been included
Aloha! THE TEXAS TWO STEP Okay the TEXAS PUSH BACK has started! Texas is going against Wall Street and tech and climate change agendas. Every major US state involved in oil and gas and nuclear and coal and metals mining needs to join in the battle against the Finks of the world! That also needs to include major provinces like Texas in Canada! I am happy to cut Wall Street banks out of funding oil and gas. I am happy to send refined oil and gas products to New York with “climate surcharges” on them! I just spoke with a… Read more »
oil trading over $72, if that don’t crash into the close, i’ll eat my hat?
Crude Oil Prices Today | OilPrice.com
skyler, Is that your Trinity Tweed or the black Fedora?
toronto blue-jays 😉
They would have a potential World Series contender if they had Tampa’s relievers