/biz/ - Business & Finance

>>29419885
Market blood red.

$GME up 15% on the day!

It's our time, lads.

Total comparable store sales increased 4.8% compared to last year and reflected a 29.6 percentage point sequential improvement from the third quarter of fiscal 2020. ;

Net sales were $1.770 billion, a 3.1% decrease compared to 2019, as strong console demand was offset by store closures under the Company’s planned de-densification strategy, temporary store closures mandated by local governments due to COVID-19, and industry-wide limited supply of new gaming consoles, and supply chain constraints broadly.

E-Commerce sales, which are included in comparable store sales, rose 309% and represented approximately 34% of total company sales, with total worldwide E-Commerce sales year to date reaching over $1.35 billion, far exceeding the Company’s $1.0 billion growth objective;

Regional Sales, in Australia/New Zealand, where the Company’s operations were materially less impacted by the effects of the COVID-19 pandemic, total comparable sales for the nine-week period increased approximately 31%, outperforming the Company’s other operating regions.

George Sherman, GameStop’s chief executive officer said, “GameStop maintained its status as the omni-channel destination for gaming and entertainment with unprecedented demand for the new gaming consoles and a significant increase in E-Commerce sales.

Demand for the new generation of consoles remains very strong, and as a result, we anticipate the consumer’s excitement for the new console technology will benefit us going forward well through 2021.

We reported a 4.8% increase in comparable store sales, including over 300% increase in E-Commerce sales reflecting demand for new consoles, continued strength for Nintendo Switch and our expanded gaming product assortment.

I've been running /pmg/ threads, someone bring me up to speed with the markets. Futures down? How bad we looking? Bullrun over?
Is this Bidens "Build back better" economy?

>The Situation:

The bankers use a derivatives market called the COMEX to manipulate the price of silver. 500 digital ounces of silver are traded back and forth for every real ounce held in the vaults. Equivalent to fractional reserve banking. The banks heavily short silver here. So much so that they would go bankrupt if the physical was taken delivery of. The regulators said when first setting up silver-trading on the COMEX in the 70s that the purpose was to scare off the average investor with suppression and volatility. Don’t let them beat you. Adjusted for inflation, silver should be $966 (ShadowStats).

If you buy silver, only buy either physical coins or if you do go with ETFs, PSLV. DO NOT buy SLV.

PSLV: Run by billionaire silver-bull and banker-killer Eric Sprott, fully audited and backed, with a delivery mechanism at 10,000 ounces for anybody

SLV: Scam with no proven metal, run by JP Morgan, only a few big banks have access, delivery for 500,000 ounces only if you're a big bank, can pay you out in cash in case of a default

If you can't buy PSLV then buy AG (First Majestic Silver). It's the next GME. Support the squeeze on this company which has a 30% short-float. The bankers are trying to punish CEO Keith Neumeyer, who refuses to supply the COMEX.

>$AG Fundementals:

Future $silver price (end 2021): $50
AISC: $15
Net profit per $silver ounce: $35
Yearly production: 30 million $silver eq ounces
Future NET INCOME: about $1B
Estimated P/E ratio: 40
Future market cap: $40B
Future $AG stock price: $200 (MC / shrs)

"Keith Neumeyer: Miners Need To Stop Supplying the COMEX"

https://www.youtube.com/watch?v=mmOkpRYjIc8 [Embed]

Any coincidence that AG's float became 30% short after Neumeyer gave this interview? Buy AG, bankrupt JP Morgan.

>>27130843
based, going straight for the neck