The Market Thread

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Sep 6, 2012
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Edmond
I have been buying paper metals and mining stocks: SLV, GLD, GDX, GDXJ, AG primarily. I probably should diversity into physical soon though. There is already $5 handling fees on silver because of the demand. The dollar is not the only currency weakening, in fact gold has been reaching record highs in many other currencies for ~18 months. The more money that is printed, the more precious metals will be worth--at least in dollars.
Like you, I had some mining stocks. With fuel the way it is , they did well.
 
Oct 7, 2008
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Already did and sold all of it at 2009 per oz , bought at 1300. Of course I sell my gold about this time every year. I will buy more in the spring when its down again. It always does. You can look back through my posts here, I'm big on gold. My best friend / FA gets pissed at me, he wants that money lol
Any idea why it goes down in the spring?
 

steross

Bookface/Instagran legend
A/V Subscriber
Mar 31, 2004
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oklahoma city
Had a conversation about this the other day. Any chance people aren’t paying their rent/mortgage because there are no evictions or repercussions for not paying it? Also I wonder if that groups in the people who made arrangements with their lenders and don’t have to pay it for so many months.
Absolutely. And our number of zombie companies is also at an all time high. There is so much moral hazard going on right now.

it is like when you are a kid and you change the monopoly rules and everyone gets $1000 for passing go. It makes the game fun for 5 minutes until it destroys the bank and the game ends in tears.
 
Sep 6, 2012
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Edmond
Absolutely. And our number of zombie companies is also at an all time high. There is so much moral hazard going on right now.

it is like when you are a kid and you change the monopoly rules and everyone gets $1000 for passing go. It makes the game fun for 5 minutes until it destroys the bank and the game ends in tears.
hmmm that sounds like socialism
 

jobob85

Alcoholistic Sage
A/V Subscriber
Mar 11, 2009
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Really expecting a pop for TSLA and AAPL after their stock splits. It will open up the price to more investors and the ability to own a round lot for option trading. Of course when you get more option trading you get more volatility. And with volatility you get more day traders which will cycle to more price swings. It should be a fun time to actively trade these two stocks, especially TSLA which already has a lot of price swings.
 
Jun 18, 2010
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Where else but Stillwater
Wait until the market crashes again to buy TSLA and AAPL. I think with stock indexes soon looking to surpass all time highs, coming out of the coronavirus crisis real soon looks to be a sure thing. I don't think so. The market goes up to silly levels. In turn, it will crash silly to the down side.

On the other hand, if the stock market is even higher on Nov. 3 than it is now, then it will mean the virus crisis is over and Trump will win. It will likely have to do with new vaccines out that will already be proven safe and effective. So far, no bad news about the Russian vaccine. Since Harris didn't do well in most of the elections, I'm not sure she can offer much help to Biden to counter a Trump comeback.
 
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NotOnTV

BRB -- Taking an okie leak
Sep 14, 2010
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What does that imply? I need a translation.
It means that possibly Guitar Center is struggling to pay their suppliers. They are now owned mostly by Bane Capital if I recall correctly and have been having issues even pre-COVID. I still love going there and have given them a ton of business over the years.
 

bleedinorange

Banned
Banned
Jan 11, 2010
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In Pokey's head
Really expecting a pop for TSLA and AAPL after their stock splits. It will open up the price to more investors and the ability to own a round lot for option trading. Of course when you get more option trading you get more volatility. And with volatility you get more day traders which will cycle to more price swings. It should be a fun time to actively trade these two stocks, especially TSLA which already has a lot of price swings.
Yep. I bought at $428, sold about $775 and bought and held at $700. I'm glad for a 5-1 split. Hadn't checked my Zoom for a while. That $72 purchase looks really good now.

Thanks Trump. :)
 
Oct 30, 2007
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Absolutely. And our number of zombie companies is also at an all time high. There is so much moral hazard going on right now.

it is like when you are a kid and you change the monopoly rules and everyone gets $1000 for passing go. It makes the game fun for 5 minutes until it destroys the bank and the game ends in tears.
It's a natural occurrence for bad businesses to fail during an economic downturn. It's a culling of the herd that's healthy for the economy. I supported the initial round of stimulus because businesses were being forced to shut down, but what we're doing now isn't healthy. We have to stop printing money and allow some to fail. That may sound heartless, but it's for the greater good.

1597269249451.png
 
Nov 6, 2010
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It means that possibly Guitar Center is struggling to pay their suppliers. They are now owned mostly by Bane Capital if I recall correctly and have been having issues even pre-COVID. I still love going there and have given them a ton of business over the years.
Yea, I thought that is what you were getting at, but was just such an obscure reference I wanted to make sure.
 
Sep 6, 2012
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Edmond
It's a natural occurrence for bad businesses to fail during an economic downturn. It's a culling of the herd that's healthy for the economy. I supported the initial round of stimulus because businesses were being forced to shut down, but what we're doing now isn't healthy. We have to stop printing money and allow some to fail. That may sound heartless, but it's for the greater good.

View attachment 84913
Inflation is going to go up up up
 
Jun 18, 2010
17,116
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Where else but Stillwater
It's a natural occurrence for bad businesses to fail during an economic downturn. It's a culling of the herd that's healthy for the economy. I supported the initial round of stimulus because businesses were being forced to shut down, but what we're doing now isn't healthy. We have to stop printing money and allow some to fail. That may sound heartless, but it's for the greater good.

View attachment 84913
But absolutely do support corporate socialism?