/biz/ - Business & Finance

SMCI calls at the dip was a good idea.

>>57682063
Ok, so they beat, now watch the tricks the MMs use to not pay off weekly options.

>>55397550

I really don't know. It depends what you think will happen. If the US totally loses control and now all currencies have to re-peg to gold or something tangible to compete in the new world order, well... how much gold is really still in Fort Knox? What is the resulting dollar liability to gold ratio? Could we use other commodities to prop it up like natgas? $5000, $10000, $20000, even more? Nobody fuckin knows m8.

The warning I'd give is this will not be a linear process and don't underestimate how desperate the US is to stop this and the lengths they'll go to. Be careful about focusing only on things western governments can easily take from you via windfall taxes or direct seizures. Gold miners are especially vulnerable. With a stroke of a pen they'll just tax them 100% of profits or nationalize them, because after all, they're just digging up worthless shiny rocks and burning carbon for no socially useful purpose. Translated from government that means: 'fuck you for thinking you can escape paying your inflation tax or profit from betting against us'. They know who buys them and they hate those people.

There are all kinds of things which will be harder to seize than gold miners and will also go up with inflation and gold. Miners of other metals, especially 'green' metals, are less vulnerable. Physical gold (or basically any metal) in your possession is a good idea. As are any means of producing your own food, water, or electricity. Here's an alternative investment idea: as an individual you can sink money into cattle futures etfs. USG already wants this to get more expensive anyway because cows aren't green and they want you eating less of them, and they don't have any cow reserves to dump onto the market to try to screw you (like oil and gold).

>>54449988

T B H, no idea exactly how it goes. Probably we're currently offering them a deal like the Saudis got, and if they don't take it we'll regime-change them and impose it using whatever means.

If you start seeing articles about how Maduro is a brutal dictator who is a big meanie to gays and trannies or w/e then you know it's option B.

Ofc, it is also possible we will be crazy enough to try to regime-change the Saudis but that would be very messy and high probability the Chinese and Russians would intervene to prop up MBS.

>>54175446

Just a warning to gold chuds: oil and gold move together over the long term, but gold is more forward looking. Oil is dropping because we're def heading to recession so it will be hard for gold to make a big move up until oil comes back to join it.

Meanwhile Gold is clearly predicting QE is coming back and while that is probably right, a liquidity crunch and credit crisis may occur in between and now and then and gold may not be able to 100% float over that gap of margin calls. Tough time to be long anything rn, don't get exuberant.

>>53486946

The memes are fun but JPow is a figurehead.

https://www.blackrock.com/corporate/literature/whitepaper/bii-macro-perspectives-august-2019.pdf

See the date? This is who decides the policy.

>>52939816
when will your people pump the market? do they hate santa and thats why theyre crashing it every christmas?

>>52346272

It's interesting situation for sure. Western jews got overconfident, underestimated eastern jews and got outplayed because they couldn't control their greed. Nice little microcosm of world events.

Do they cut their losses, let the Chinese have it, and cry crocodile tears about the poor retailers to justify cracking down and locking westerners out? OR do they double-down and try to salvage their beachhead into having control of the crypto casino? Not like a few bill is a problem. Wall St can raise that easy. Decisions decisions...

>>52302269

It's a good thought but probly wouldn't cover the box fees for me personally so not motivated to find out. Don't order enough. I suspect they have ways of catching on to this tho esp if you did it too much. Online retailer stands to get fucked over if they don't police it I reckon.

Meanwhile irl I can pay cash on Hayden island, (aka Vancouver's duty free store) and ain't nobody gonna track shit unless we get a Chinese style facial recognition network.

>>52302332

Still tied up in legal limbo afaik:

https://www.freedomfoundation.com/washington/washington-supreme-court-will-hear-capital-gains-tax-appeal-in-january/

I've no illusions about it though. Someday this scam will end. Probly will move out to Astoria or smth to prepare for nukes flying over the Taiwan thing anyways.

>>51501971

With the velocity argument shredded, without missing a beat he immediately pivots to their next favorite: "QE isn't printing!", without addressing the argument at all.

>special account that cant be accessed

Yeah, yeah, bank reserves aren't money. We can all see the M2 chart blowing up, fren. Any USTs the Fed bought were ultimately bought with printed broad money because the Treasury doesn't accept bank reserves as payment (and neither do any non-bank intermediaries). The one (and only) exception to this is a commercial bank selling assets (other than treasuries, because they're net buyers of those) to get cash, to buy USTs, to then sell to the Fed for reserves. Basically like converting some assets in the form of stocks or securities or smth to bank reserves at the fed. Go ahead and find me some evidence the banks are doing that and you can have a point about QE not being technically printing.

>>51381874

Watching gold r/n. If it breaks below 1690 bobos win and we find new lows. If not, Jerome cucks soon and (((insiders))) know it in advance.

>>51296074

It obv wants to break below this trendline and will do so violently IMO. However, that will probably not occur until premarket. You gotta make sure retail is locked out when the big moves happen ya know?

>>51095038

Not saying it's necessarily a bad trade. Obv at some point it's yields down price up, sure as the sun will rise.

Issue is using daily TLT moves as predictive on the premise the bond bulls "know something", when every indication is that they know much less about inflation than everyone else. I do not trust their timing of events or their predictions about magnitude of moves at all.

>>50848600

Well of course they were manipulated, but both up and down. It's safe with gold because such a low % take delivery most of the time so bullion banks can naked short to push the price with little risk of getting squeezed, then balance the books when sentiment is crushed, ride it back up, rinse and repeat. Easy pump and dump profits.

The main tool for overall price suppression is simply government gold leasing into paper markets to allow the derivatives to expand 100x that and fight off any attempts at making a run for the deliverable bars. Complete with rule changes and legal problems if any citizen tries to pull a Hunt Brothers. This is run out of London.

Only another sovereign can bust this scheme, but that's a currency war, which takes a while to play out. BRICS v GAE is going hot, but it'll still take a while yet for the LBMA games to wind down. Probably years. DESU levered energy bets will probly outperform gold anyways, since gold is just a proxy for energy purchasing power.

>>50682901
no this is a spinning top

>>50642789

T B H wit u famalam I think we're in for 3 month of crabbing or slight upwards drift. Bond bulls are pissed about inflation and want a big crash to make it go away right this instant, but JPow is doing what congress wants instead. That is: make inflation start to come down so they can say "see, it's under control", and also don't tank the market too much so they can say "see, it's just a mild slowdown".

They're gonna try to have the appearance of getting rid of inflation without a big crash, at least until midterms. Problem is the energy speculators were only helping them bring down oil because they expected a big crash was the goal. If that's not in the cards we return to our regular supply/demand mechanics and geopolitical fuckery, which both dictate higher price.

It will become clear at some point, they're full of shit and haven't done enough demand destruction to put us back on track for 2% CPI. When that happens the bond market will have a shit fit. I think they're just gonna try and use mind-games to stall that moment of realization until after midterms.

>>50330526

Better still, make your own seltzer with a sodastream. But then out-jew the seltzer jews by getting an adapter valve of the internet and hooking it up to a generic (i.e. cheap) 5lb CO2 tank from any old brewing supply store.

I rub my hands together thinking of the nickels saved every time I carbonate another bottle.

>>50310879

>another VIX TA wierdo

Nice. Tho honestly I probly should have been in SQQQ immediately as soon as gold started breaking down. That is a REALLY bearish signal which had me thinking maybe VIX was gonna bounce again. Shoulda trusted my gut.

Also, I know this is not /pmg/ but everyone really should always be watching gold futures. It's one of the most forward-looking markets and it's telling you some real shit is coming.

>>49904812

Not tomorrow. Like later next week or week after maybe. Depends what 2 year does.

We may not, but only if shit hits the fan first in JPY and EUR. I think for now they will hold it together. But if we get a rally and DXY is still spiking... sell it. Trouble still ahead.

>>49253785
>half of smg seeing bears
bullish

>>24625486
we pumped into power hour... this means we pump into close and gap up tomorrow. Everybody who sells now is guaranteed to never make it.

>I'm a retard and forgot which week my biweekly paycheck for my second job comes in
>overdrew my account just enough to get a fucking NSF fee
>need to get groceries soon, go through portfolio for some things to sell on open to transfer some cash back out
>fuck, friday is worst sell day right?
>most of those leveraged ETFs that I bought in a little too high on and was worrying about are up now
>I still have a few INTC shares left after they cucked out on Twitter, they're up too and near ATH
>sell that flaming garbage at either the top or the base of a slow boring climb
>go to look up Communism Kills list of businesses that cucked out to check against my portfolio and sell any that are up
The $30 for a dumb mistake stings like hell, but I made that off my little portfolio yesterday alone. If this leads to me getting out of cuck stocks and having some cash left to buy SSL with after the fact, I guess it's a blessing in disguise.

Man these tickers that are over a yang in value, when you option them it's like fucking retarded.

>>17008081
I meant no disrespect sir.