PSLV held by the royal canadian mint.
I was lucky enough to buy more PSLV this am at 7.66 and 7.76.
I am buying more next Tuesday when my deposit clears..
What a bargain !
The other one is crooked banks in London like slv
From their profile (SIVR)
The investment seeks to replicate, net of expenses, the price of silver bullion. The shares are backed by physical allocated silver bullion held by the custodian. All physical silver held conforms to the London Bullion Market Association's rules for good delivery.
Yes they sold 2/3 of their shares..
DO you think they think it was going higher and they just want to make all of you rich like them ?
WHY did they just buy some big building ?
messages from linked in to the trash folder...
to stop printing one more or 2 at most and then the delay comes I am buying as much as I can one more tranche Friday...
This confirms the warning my masco last week (MAS)
and they tell me the fed is removing the punch bowl...
Home depot is red due to MBA index of applications for mortgage and refis falling to 24 year low
This is a leading indicator for construction of existing and new home sales...
This confirms warning by Masco who makes faucets cabinets etc last week.
And they tell me the fed is taking away the punch bowl so the next 90 days are going to be very interesting..
search for the story and read the details if you dare.
Home refi money is spent on home renovations which is why home depot is red....
Ebay tanking as is panera bread (PNRA) on warning....
Dupont revenues and earnings fell 3% but stock is up huge from 1 year ago price.
search for it and see what they say..
This refis money is spent on home renovations which is why home depot is red..
Ebay tanking as is panera bread on warning..
search for it.
Search for for MBA mortage bankers index see what they say about applications for refinancing and home purchase the refi money especially result in more visa transactions and people spend the money they borrowed but when there are no refis then there is no money to spend..
search for mba mortage index for details !
This can't be good news for Home depot can it ?
Did you see coach today ? (COH) and did you see EBAY tonight AH ?
this is the consumer !!
This is the well to do consumer in coaches case and the
buyer of non essentials for ebay !
This is credit card transactions !
This is you axp this is you !
this is the consumer !
this is credit card transactions !
This is you visa this is you !
The big stakeholders like fidelity are using your 401K money to buy he stock to make you think that the news was not that bad. For one thing they only have so much money that they have not already invested to buy it and for the second what they usually do is so slowly sell what they are buying to the naive retailers in the next few weeks.
I can't tell you what it will do today for sure of course because of this defending actin I can tell you with some certainty that upside is nil and downside is huge as you know next quarter the ceo said growth is going to be slower correct ?
So you agree it will not be going up if you were smart you would sell your shares now letting the big boys take the loss as it falls further..
You won't as you have been conditioned by them to never sell but you will remember I told you this when V was 201 and change and I will reference this later to prove to you I know what I'm talking about..
higher they were able to move the dow to record territory. The problem is that most dow stocks are hugely overpriced for their revenue growth. Visa should have revenue growth of at least 15% in order to maintain this stock price, But now you see the revenue growth rate was only 6.9% and the CEO is forecasting this to DROP next quarter to mid single digit level. He does say that he expects growth to pick up again in the 4th quarter but that is a long time from now you have to admit anything can happen.
Now the rest of the dow stocks reported negative or barely positive revenue numbers even though the earnings were matching estimates many many them due to one time charges that should not be used in my opinion in fact Visa had such a 1 time addition to make it appear that they greatly exceeded earnings but in actuality they just met them without this charge.
I will give you some facts about several dow stocks revenue numbers this quarter:
All year over year:
Dupont earnings and revenues down 3%
Coke revenues down 4%
PG revenues up 1%
Intel revenues up 1%
Mcdonalds us sales negative
This lack of revenue growth that is less than inflation (which is underreported) must impact Visa
going forward and make this whole stock market hugely overpriced the reason it got there was fed backstopping and stimulus but now they claim they are going to cut the stimulus each month until it end in the fall unless something changes in their forecasts !
Now this market has been going up up up on the fed stimulus and the wealth effect that makes a small percentage of people at the top 5%feel really rich and spend money but that is coming to and end and a correction in the market will cause them to cut the spending with accounts for 40% of total s;pending they tell me.
There are othe other reasons I told you why visa is going to have a tough time going forward.
Maybe some people will understand my points by probably not many until you learn the lesson the hard way with your wallets !