For so much pumping in Q1 it is hard to believe I didn't get my 300M new shares. This does not bode well fro Q2! This stock just keeps shrinking and losing money amazing.
Since the bullish reversal the 22-day has served as support, and we're parked on it right now. Good news is this consolidation has put the 50-day almost $4. So if macro or fed or other central bank event pressures gold we should be solid at $4 at least. That said, with Yellen set to speak later this week, I'd consider the 22-day likely remaining support. The last 3 times AUY rested on 22-day was followed by a short spike based on looking at the 1-year today.
So will they report 300M new shares later today on lower revs and margins?
All the US debt will still be paid in dollars at whatever low rates they were issued. The Fed would see to that. So if you're going to bring about a new system, you are actually losing money on all that paper because of the coming inflation through a market demand for higher rates on US debt, eventually. I would also need to look into the treasury inflation protected securities to really understand how that works and what implications. But for your basic bills bonds and notes, if you happen to have established a gold exchange, you can devalue your own currency to drive down gold in dollars while also selling dollars and buying gold in your own currency. You're reducing low fixed interest rate exposure (avoiding inflation) and also getting a deal on physical gold (avoiding inflation again).
So this means imported products could face a sharp increase of price in dollar terms due to lower international dollar demand, you are right about that. But domestically produced goods and services I am not so sure would be as severe. That would take longer to develop as Fed is eventually forced to be buyer of last resort to keep rates low just for Treasury to make the minimum payments. Meaning, if/when Treasury enters a state of permanent default if not for Fed purchases alone, rates will have to go up or the currency scrapped, obviously increasing costs domestically as well.
I say if/when because that part of the saga doesn't have to happen. Will we get the right people in power to do what needs to be done? Hard to imagine. But since that will take a long time to play out, how nice to reduce your exposure and grab cheap precious along the way in exchange?
GWPH, a real company, has a 100% CBD product in phase 3 trials. MJNA has a 30% CBD product that no one is buying. MJNA is issuing stock to suckers on the heels of GWPH.
Sharedoctor Titus calls his investors suckers
India's gold exchange will supposedly g operational later this year as well.
Yahoo Finance leading the charge in this afternoon's piece titled "2 things everybody missed":
But hold on a minute. The Fed’s meeting at which it discussed labor market conditions and other factors was held on April 26 and 27. Since then, the labor market has weakened or at best, flatlined. The employment report for April, which came out on May 6, showed that employers created only 160,000 during the month, a sharp drop from the 243,000 new jobs averaged during the prior six months. And initial claims for unemployment insurance have been ticking upward the last few weeks, running about 10% higher in May than in April.
Because yeah, this hasn't become a complete gambling game in the prediction markets and the VIX. When you know you can make a comment and swing global markets, and you do it often, isn't it fair for an observer to question the motive?
Wow, a downtick on today's session AND only 60% volume. It's like the market thinks the "Crisis" video and the CBG trials are a bunch of garbage just like MJNA stock!
Dollar is topping out at the upper end of the next spike of the bearish continuation from November. Moving the chart forward by a couple months right here looks like a natural peak continuing on the way down.
Gold back over $1250 and the USD is struggling to maintain a slight gain today. Something's going to snap here and it's not going to be gold.
It reminds me of listening to Chris Wallace for 20 minutes this past Sunday keep asking every guest about Trump's reprehensible treatment of women. That's all he kept saying, what about his terrible history with women. Never discussed a story or even an example not at least while I was listening. Just browbeating his audience "trump... woman... bad man!" That garbage might work on all the heavily medicated youth out there today but mommy and daddy have started paying attention. This applies perfectly to commentary about the Fed. No one asking how this became such a big trade over and over again while the rest of the world is shrinking.
They even said "if economic conditions warrant it" if they were smart they would let WS have their temper tantrum and just say "we are not discussing rates at this time" and go to the next subject. My god. What would Bloomberg do all day if they didn't have rates to discus?
This latest pumping effort failed to generate any volume and did not even keep MJNA over $0.05