Pieczenik, Jones Get into Heated Debate Over Trump Conspiracies

There are some people who apologize for Trump for virtually every single thing he does. They like to blame the usual cast of villains, including Dina Powell, Jared Kushner, Gary Cohn, Gen. McMaster, Mattis and Kelly — even his own daughter Ivanka Trump. It’s easy to get swept into drama-filled theories of palace intrigue — depicting a cabal of evil people, all with ties to George Soros, trying to take down Trump.

But if you followed that logic all the way down to its root, it would suggest that Trump was, in fact, an idiot — unable to manage his affairs, permitting horrible people control and manage him, even isolate him from the grandeur of the alt-right media. None of this is conducive with the overarching theory by his sycophants that the President is always playing 3D intergalactic speed fencing championship tier chess — so they resort to blaming others for isolating the President.

Case in point. During today’s broadcast of the Alex Jones show, Roger Stone made the outrageous implication that the President was being drugged — as a precursor to a coup. He segued into that after discussing the resignation of long time Trump bodyguard, Keith Schiller. Stone said that Schiller had always been ‘the canary in the coal mine’ for the President and that with him out of the way, forced out by Gen. Kelly, the President’s life was in danger.

This all makes for a good radio show, drives up the click views on the website — but it cannot be substantiated, aside from a few ‘unnamed sources.’ Stone even said that McMaster made disparaging remarks about Trump while dining with the CEO of Oracle recently, with Jones chiming in that the behavior was in fact ‘treasonous.’

All of this rhetoric was checked and flushed down a Floridian toilet bowl when Jones called up Dr. Pieczenik to get his take on this ‘bombshell’ news. Starting off the conversation, Dr. Pie chastised him thricely for not being polite enough to ask how he was fairing during Hurricane Irma — then he laid waste to Jones’ conspiracies, pointing out that the President wasn’t a child and was smart enough to manage his own affairs.

I’ve never seen these two clash. Watch.

If you research Tungsten mines, you’ll find that they’re often overseas — in fucked up places in the world like Africa, China or S.America. Primarily used to Harden steel, used for ballistic missiles and drill bits, Tungsten is all the rage these days — especially with the specter of war casting its ominous shadow.

The real driver for tungsten is China today is fear of Chinese cutbacks. Approximately 80% of world wide tungsten supply comes from China. Like rare earth minerals, they literally control the market.

Source: Bloomberg

“The Chinese have been trying to impose control over the production in tungsten,” said Mark Seddon, senior manager at Argus Consulting (Metals). “They’ve used environmental policy to clamp down on non-quota production.”

The price of tungsten in Europe has jumped 52 percent since early July, according to Metal Bulletin Ltd. The advance has beaten all 22 major materials in the Bloomberg Commodities Index. Tungsten has gained for six straight months, the longest rally since 2012.

The European Union classes tungsten as a “critical” commodity and the British Geological Survey places it at the top of its supply-risk list of materials needed to maintain the U.K.’s economy and lifestyle. In 2012, it became a flash point when then U.S. President Barack Obama filed a complaint to the World Trade Organization against Chinese supply curbs.

China limits supply to about 91,300 metric tons a year, but routinely breaks its quota by as much as 50 percent, partly because a lot comes as a byproduct from mines that produce other metals such as molybdenum, Seddon said.

It seems that tolerance has gone, at least for now. China’s Ministry of Industry and Information Technology issued an edict on June 6 saying producers should stick to output quotas and that those without quotas, or which exceed the quotas, should halt production. Quotas also shouldn’t be granted to firms that infringe safety or environmental rules.

“The government wants to have control,” said Seddon, who has covered the industry for at least 15 years. “Whether this carries on into next year is more difficult to predict.”

Look at the subsequent appreciation.

Aside from the all important missile industry, the auto industry males up 25% of demand — mainly for cutting and machining tools. All of the publicly traded plays are abroad, with exception to one: KMT.

A few years back, they purchased a Tungsten mine in Bolivia, the first largest producer of tungsten. Not knowing much about the company yet, I do see their revenues and earnings have taken a recent uptick for the first time in years. Their share price is has risen by 17% this year and on a scale of 1-5, with 5 being the best, Exodus ranks it a 4.75.

I’ll do a little more research on this over the next few days. If any of you have any insight into this industry, feel free to share. Or do all of you simply genuflect to the retarded and illiterate church of technical analysis? It must be nice being you, living life without every having to think — simply reacting to things like a fucking savage animal.

Today was the knee-jerk trade, which is why you should’ve taken profits, or closed out any positions that stood to benefit from a weaker Irma. In the coming days and weeks to come, we will begin to get a better idea what the storm really did, in terms of damage to property and Florida’s agriculture.

According to the Commodity Weather Group, Florida’s citrus crop might’ve sustained damages up to 20%. Moreover, the all important sugar crop, which Florida makes up half of US production, might’ve taken a 10% hit, or 5% of overall US production.

Worse than that, the grapefruit crop, breakfast of grandfathers everywhere, stands to take a 30% hit — thanks to 80mph winds and at a time when the crop simply wasn’t ready to be picked.

During today’s session, ag stocks took off, as optimism set in. The worst case scenario didn’t pan out, so shares of ALCO, LMNR, SQM, IPI, AVD, MOS, UAN and POT took off.

I have no sense or special insight into this industry, but can only hope and pray that sugar costs spiral out of control — forcing the great and evil Pepsi to buyout FIZZ, whose fashionable and delicious La Croix beverages consist of zero grams of sugar — just sparkling and refreshing water with the essence of all natural fruit juices.

The entire downtown area of Charleston, SC is underwater.

More nothing-burgers. They taste stale.

Here on Wall Street, we’re flooded with profits — benefitting from a lack of serious damage done to the banks and the insurance sector. For a moment there last week, people were getting nervous about property damage, from the perspective of a banker who’d be forced to pony up to policy holders. Assessing the damage today, those fears were grossly exaggerated.

Property insurance stocks have risen from the dead and are eating the faces of short sellers.

My only moves today was profiting from my UVE and AEL positions and purchasing an initial spot in XIV.

Talk about a dick headline. How about that one?

Mostly everyone expected Irma to knock down all of the skyscrapers in Miami, killing and maiming people all across the peninsula, all the way to Iowa. But since Irma ended up to be nothing less than a dud, those pro-apocalypse stocks are pulling back here. Perhaps a buying opp?

I think not.

LL -7%
USG -5%
PGTI -4%
KIRK -3%
Gold sector -2.2%
OC -4%
MLM -3.6%
TPX -3.6% — because people were going to need new fucking mattresses.

While I get the profit motive for many in my field, I can’t help but think most of you are evil people. I don’t mean that in a bad way, per se. It’s not like you’re heading out at night, like Jack the Ripper, and killing hookers. But you’re all just a bit off, lacking empathy, and entirely greedy. If there is a God, he will surely send you to hell upon reaching the gates of heaven.

Personally, I just want to raise the kids in the nice northeastern lifestyle, then head out west with my fortune to cavort amongst liberals in Santa Barbara or maybe Monterey. I don’t have an interest in moving to conservatard towns down south. More or less, they lack artistic talents and are dullards.

Prove me wrong.

It’s over, weatherfags. I sold out of UVE and AEL — because some idiots thought it was a good idea to bet against a midwest life insurance stock because of thunderstorms in Florida. Both FIZZ and UVE have been fulfilling, but AEL was probably the easiest money I’ve made in years.

Markets are up bigly — there is nothing out there for you to play. If you want to dive back into LOW, LL and PGTI — go ahead and be my guest. But there isn’t the explosive money to be made in those, not yet at least. Bear in mind, the hurricane season is just getting started. People in Texas and Florida are gonna need those hurricane proof windows, if they’re interested in keeping those gusty winds out of their drawing rooms.

The only thing left to do, something I did a short while ago, is to dive back into the best investment over the past 5 years. The ETF that has returned over 500% by simply jogging on. It is the quintessenatial token of leisure, the windcock of Wall Street that serves as a reminder that the bull market can never be stopped. I am talking about fading volatility, via XIV.

Prove me wrong.

Not the most professional headline in the world and I am certain it wouldn’t bode over well with some of you more sensitive types. But I had to express my innermost animalistic tendencies, commingling 4 letter gutter talk with success in high finance.

You thought you were good, up until the point when you realized that someone like me existed — who effortlessly fulfilled the destiny of Ra’s al Ghul, destroying Florida, while making a fucktonne of money helping people rebuild and quench their thirst.

Observe.

I’m out of UVE — moving onto the next one — but still very much long FIZZ. From my vantage point, the people at Pepsi have a very easy decision to make. They could either remain the junk food kings — selling shit inside of garbage cans to kids in Mexico — or they can buyout FIZZ for $240 and repent for their fucking sins.

Markets are on blast off mode and I have little reason to sell my FAZ position — especially since banks are still screwed. I just thought I’d pop in here, amidst the celebrations and decadent lunches, to let you know that my first foray into discretionary trading in nearly 2 years has resulted in immense profit.

For some of us out there, it’s as simple as riding a tri-cycle.

***PRIORITY: watch UVE, BCRH, HCI, FNHC, HRTG, AHL, VR, UIHC, RE, GLRC, IBKC, CSFL***

Just saying the word ‘nothing-burger’ instantly makes you a dick. I find it to equal the use of the word ciao, especially for non-Italians.

Insurance stocks are going to pop the fuck off today. In the pre-market, UVE is +13.5%. Wait until normal people arrive to work and do some lines of cocaine off their desks and then apply some real money into these stocks. Shorts are going to rue the day they turned on the fucking weather channel.

Over in Europe, shit is getting sporty, with the IBEX leading the charge higher by 1.48%. The Eurostoxx 50 is higher by 1.2%. Expect this enthusiasm to transfer here at the open. Dow futures are higher by 127.

The only notable weakness is in gold, off by 0.77%.

Here are some analyst moves, courtesy of my god damned Twitter account. I have no reason to be this angry so early — but I am so don’t fuck with me.

Some quick items that just hit the tape.

Teva Pharma upgraded to Buy from Neutral at BTIG Research
NVIDIA: SepQ GPU and Ryzen pricing strong; positive for NVDA/AMD. data center remains key – Mizuho
Kroger: Spending forces Kroger off long-term guide – RBC
MasterCard upgraded to Buy from Neutral at Guggenheim

Gapping up:
IDRA +13.8%, TEVA +11.2%, ZUMZ +11%, BV +8.4%, ARRY +7%, KURA +6.4%, RDFN +4.3%, AGX +4.1%, OKTA +3.2%, AMD +2.6%, REVG +2.4%, YNDX +2.3%, CLDR +2.3%, INCY +2%, EXEL +2%, TSLA +1.8%, CLF +1.8%, MZOR +1.6%, AZN +1.6%, ACH +1.5%, GRFS +1.4%, AAPL +1.3%, OPK +1.3%, EA +1.3%, MU +1.2%, MT +1.2%, WB +1.1%, NFLX +1.1%, NVDA +1%, MOMO +1%, FB +0.8%, RIO +0.8%

Gapping down:
IDRA 13.8%, AOBC -17.2%, CHKE -16.1%, TNTR -13.9%, ACHN -13%, SAIC -5.9%, PAY -5%, PAY -5%, GG -2%, HMY -1.9%, CYAD -1.8%, FIZZ -1.8%, UTHR -1.7%, SIGM -1.6%, GOLD -1.3%, GDX -1.3%, SLV -1.2%, TLRD -1.2%, RGLD -1.1%, ABX -1%, AG -1%, NEM -0.8%, GLD -0.8%, NEM -0.8%

DEVELOPING…

I’m very glad that this storm wreaked havoc across Florida, as it put to bed the idea of moving to that bedraggled state at House Fly. Over on Wall Street, traders are enthusiastic, thanks to the perfumed scent of money wafting through the sky. Irma was bad, but hardly catastrophic, from a bankers point of view.

As I type this, from the darkest corner of my oversized house, lit with candles and the imbued with the tunes of Duke Ellington eerily echoing throughout the hallways, futures are frantically higher.

More than that, I’m heading into the morning session overweight a Floridian insurance stock that was placed upon the rack and shredded last week. Here are the stock, courtesy of Exodus, that will be in play tomorrow.

I knew the sector was oversold, based upon historical precedence on Thursday — because that’s what the software was built to do. Look.

Some of the crazies even started to hit life insurance stocks, domiciled in the midwest, as if Irma was readying to unleash an apocalypse on America — leaving millions dead in its wake. These are always the best opportunities. I bought AEL into the maelstrom and will be profiting soon.

As for my PGTI, FAZ and FIZZ positions. I think it’s fair to say this storm created enough fright to make PGTI’s sales pitch a bit easier for hurricane proof windows. People are still parched as fuck, running away from a category 1 thunderstorm and the banks are still screwed, unrelated to the storm — but thanks to the yield curve.

My weekend was fine, otherwise. I didn’t do much, other than saunter around — reading things — drinking a few cocktails — eating a few foods.

See you in the AM.

It looks like Irma was a big nothing-burger. Sure, there are some down palmed trees and power lines — a little flooding here and there. But the ghastly predictions of apocalyptic rage being unleashed on Miami turned out to be nothing less than superficial nonsense.

Alas, global warmingfags have been BTFO again and Dow futures are higher by 100. Subsequently, gold is off by 0.75%.

Gents and ladies leisurely loot during Hurricane Irma.

The NIKKEI is running higher by 1% this evening too, on news that nuclear war with N. Korea has been postponed. All in all, we stand to make a fucking fortune with our UVE positions, whilst giving back a tad in the FAZ.

All reports now say Irma will be reduced to a cat 1 by the time it reaches Tampa.