iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
15,842 Blog Posts

Copper and Zinc Rally on Chinese Optimism

You’re all watching the wrong commodities. For China, you should be watching copper and zinc, key tells on the global growth narrative.

Thanks to a boolish Chinese GDP number, base metals are climbing higher today.

There are lots of ways to plays this, such as HBM, VEDL, TECK or FCX. All of the metals have been beaten to a pulp, so this isn’t a case of chasing higher.

Personally, I still prefer to have a globalist neocon portfolio of stocks that can profit off the deaths of millions. Until Bill Kristol is somehow stopped, I will remain steadfast in my belief that war is the path of least resistance.

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China is Great Again: The Great Walled Nation Surprises to the Upside

China is great again. They’ve got a great big wall, zero tolerance on their borders, right wing goon squads, and they have a booming economy. What the fuck, I love China now.

Chinese GDP surged by 6.9%, while debt financing rose by 12%. Imports climbed by an impressive 22.7% and the country seems to be complying with the wishes of our globalist champion of a President, Donald Trump.

Source: BBG
The first quarter figure is undoubtedly upbeat and encouraging and it seems to have changed the short-term sentiment substantially,” said Zhu Ning, author of “China’s Guaranteed Bubble” and deputy director of the National Institute of Financial Research at Tsinghua University in Beijing. “But a large part of growth is achieved by another unprecedentedly large fiscal stimulus, infrastructure investment, and debt escalation, which is currently being camouflaged by increasing housing prices and land values,” he said.

Look, there’s always going to be haters, people out there with an agenda to tear down China’s great big wall. While credit growth is nothing more than a shell game to trick the masses into thinking shit is good, China won’t have an issue raising money in the credit markets to further their exploration into the world of ponzi.

Steel output hit a record high in March, which should come in handy when Donald Trump orders our bridges and tunnels to be rebuilt from the very best Chinese steel money could buy.

At a minimum, the global growth scare is off the table. This news out of China should embolden investors to buy the dips in basic resources, something I touched upon in Exodus on Friday.

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Former Afghan President Accuses Current Regime of ‘Treason’ For Permitting America to Drop MOAB

Remember Hamid Karzai? That was Bush’s puppet in Afghanistan, post Taliban. Thanks to Karzai, Afghanistan’s opium production rose an impressive 20x under his rule — fulfilling an insatiable appetite for drug addled Americans in need of firm opiate-laced needles in their necks.

Now retired, Karzai is pissed off that the current Afghan ruler, Ashraf Ghani, permitted the United States to drop the MOAB on their ISIS loving asses, saying, “How could you permit Americans to bomb your country with a device equal to an atom bomb?If the government has permitted them to do this, that was wrong and it has committed a national treason.”

Ghani’s  answer to Karzai’s charges was, err, freedom: “Every Afghan has the right to speak their mind. This is a country of free speech.”

Clearly, Karzai doesn’t agree with Fox and Friends assertion that the MOAB is equal to freedom.

More from the former Afghan leader, calling the bomb ‘poison’ and bad for the environment — because ISIS is all about preserving a low carbon footprint.

Local villagers said they thought the end of the world was upon them, after the U.S. dropped a MOAB on the terrorists traversing underneath the ground in elaborate tunnels.

Via Daily Caller:
“The earth felt like a boat in a storm,” one villager told The Guardian. He continued, “My ears were deaf for a while. My windows and doors are broken. There are cracks in the walls.” Achin’s Mayor Naweed Shinwari said “my relatives thought the end of the world had come.”

“Last night’s bomb was really huge, when it dropped, everywhere, it was shaking,” one resident told Reuters. He characterized the strike as a “positive move” to rid the village of ISIS fighters. One man who lived two miles from the blast area told CNN “we were all scared and my children and my wife were crying. We thought it had happened right in front of our house.”

Freedom.

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Jesus Has Risen; Time for Stocks to Come Alive

Good evening, Easterfags.

Did you enjoy your day stuffing your fat faces with pasta and pork? The pastel colored holiday is one of my favorites, due to the weather and laid back nature of not having to do much other than eat. Last night we hosted a few people, played some cards, and drank a few gin martinis — ate a few birds.

Quick pro-tip: when hosting card games, be sure to lose most of them. If you go about winning too frequently, your guests will think you’re a wholesale asshole. Last night I lost 30 games in a row, only winning on the final hand — like any true gentleman of distinguished qualities.

As I type this now, I have a rib roast in the oven with root vegetables — eagerly awaiting to be drowned by a red wine gravy. I am particular about my gravy — as it must have fresh herbs and stock — properly filtered as not to possess any of the said herbs upon serving. In life, there are few things when the details are worth minding — food and drink are two of them. One of my better qualities is an ability to see details, down to the subtleties that often go unnoticed. I find there is a significance in just about anything made with care — an artful expression that should be appreciated.

I know these sentiments fall upon deaf ears — as most of you are banal, knuckle-dragging, miscreants — accustomed to teevee dinners and crafted beers. I cannot change any of you. More to the point, you can’t change yourselves either. Understanding the essence of living, having an appreciation for the finer things in life, takes a certain genetic disposition — disqualifying most to base lives amongst the bottom of the pyramid — relegated to a life an indecorous booze hounding.

Enough philosophy.

Now through June, stocks should start to get busy and really ripping heads off to the upside. All of my broker friends will be banking extreme coin — while I toil away on the computer like a typing monkey. I have my portfolio positioned for EXTREME GLOBALISM. I’ll be shilling so hard over the next two months, my neck might break from the whiplash. I do believe we are overdue for a truly great rally — a very big, very beautiful, very big rally.

Believe me, when I get done with this market, you’re not gonna know what hit you.

Peace and happiness on this Easter evening — iBankCoiners. Tomorrow we skin some bears alive and burn their estates down to cinders.

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Pro-Trump and Antifa Factions Riot in Berkeley, During ‘Free Speech’ Rally

For the record, I fully support these violent outbursts and will not be one of those people who, hypocritically, call for ‘right wing goon squads’ to sashay throughout the country, while putting down the left’s right to ‘express’ their democratic freedoms.

Growing up in Brooklyn, pre-gentrification era, the way we settled disputes in my neighborhood was to punch each other in the face until both parties were exhausted. After the fight, we’d make up and go chase down an iced cream truck together and then see about a game of stickball.

Now today a bunch of Trumpsters descended upon Berkeley, in an effort to rally for ‘free speech.’ You and I both know they went there angling for a confrontation. Lucky for them, there were plenty of left-leaning scum, with enough time on their hands in between smoking legal marijuana at their local skateboarding parks, to oblige them.

On the right were genuine American heros, clad in capes and make shift armor — adorned in the splendor of the American flag. They fought bravely and with honor.

The Bad Guys

The Good Guys

The Warriors on the right

The left

Chivalry

This photo just about sums it up. ‘Merica.

And begin.

BONUS: The ‘Based StickMan‘ made another appearance.

TEAMWORK!

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Large Cap Stocks Stuck in a Bear Market for 2017

The investment landscape has been moribund for the past month. Much of the Trump inspires gains have been ceded to the market forces — taking some names all the way down into bear market territory — down more than 20% for the year.

Here are some large cap names ($10b+) off by 20% of more for 2017.

$FNMA, $CVE, $LB, $TGT, $FMCKJ, $HPE and $HES.

And here are some that are approaching -20%.

$QCOM, $AV, $SNAP, $APA, $AAP.

When I reduced the market cap screen in Exodus to $5b-10b, here’s what stood out.

$UAA, $EBR, $EEP, $AYI, $SMI, $LULU, $CPG, $RRC, $KSS, $PRGO, $IEP and $M.

Clearly, the downside is emphasized on oil and gas and retail.

And here are the biggest losers with caps over $500m.

$WINS, $VSTO, $GRAM, $FMSA and $RAD.

If you’d like to check out the platform, now’s a good time to do it — as we’re running free trials until Jesus rises.

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Savage Asks, ‘Is Trump’s War Over?’

Here’s a little gallows humor by conservative talk show host, Michael Savage.

‘Is Trump’s war over?’, asks Savage. He did, however, claim a small victory in the N. Carolina bathroom case being tossed out by the DOJ.

Moreover, Savage lamented with a dispirited tonality to expect ‘small wins’ during the Trump reign — humorously saying we’d have ‘small wars’ — ‘here a lunch, there a launch, everywhere a launch launch.’

If you’re eating something while listening to the clip, please swallow your food first. At around the 2:55 mark, Savage described our missiles as being ‘beautiful missiles’ and then our submarines as ‘beautiful, big submarines, very beautiful, very big submarines’ — an obvious attempt to mock President Trump’s repetitive cadence and syntax.

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Pompeo Declines to Offer Proof that Assad Gassed His Own People, Say Putin is a Liar

Our new CIA director, Mike Pompeo, made a few comments today regarding claims by both Assad and Putin that the chemical attack in Idlib was staged.

He declined to provide proof that could put this debate to rest, saying ‘there are things that were used to form the base of our conclusions that we can’t reveal.’ Then he went on to discredit Putin, by pointing to previous instances when the Russian leader was less than forthcoming — such as eastern Ukraine and the Malaysian airliner incident.

Pompeo also discussed Julian Assange’s Wikileaks, saying: ‘This absurd definition would have all serious media organizations (with the exception of state owned media) transformed into ‘non-state intelligence services’– with the explicitly stated goal of stripping constitutional protections for publishers.’

Assange replied with a mic drop tweet.

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Facebook Scrambles to Shut Down Pro Le Pen Accounts Before Election

The first round of French elections will be held on April 23rd, prompting Facebook to shut down pro Le Pen accounts, which they deem to be ‘fake.’

In an effort to fight ‘fake news’ or misinformation, Facebook has targeted 30,000 ‘fake accounts’ in order to control the information that its users consume.

In a statement to AFP, the company said they were trying to “reduce the spread of material generated through inauthentic activity, including spam, misinformation, or other deceptive content that is often shared by creators of fake accounts.”

They are targeting accounts with the highest amount of traffic — since they pose a grave threat to the croissant eating frog lovers in France.

In addition to outright bans, the company, in conjunction with French media, are running ‘fact checking’ programs — designed to fight ‘fake news’, heightening their efforts around the elections — which spans from 4/23-5/7.

All of this hysteria happened after Hillary Clinton lost to Donald Trump’s twitter account this past November — prompting officials to pressure Facebook and Twitter to do something about the brazen belittling and subversion of the main stream media. Last week, the company launched a tool to help its users identify ‘fake news’ in 14 countries — including the U.S., France and Germany.

About a month ago, Facebook disabled our Facebook account, after we posted a picture of Chuck Schumer with Vlad Putin. This was a widely circulated news story at the time, which involved zero deception or any of the hallmarks that could be construed as being ‘fake news.’ Nevertheless, we lost access to the account and have ceased using the platform since then.

For those who publish independently and rely upon the ‘socials’ for traffic, heed the warnings given by Matt Drudge, founder of the Drudge Report, who compared them to ghettos — corporate controlled denizens of propaganda.

 

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Fox News and Friends: ‘This is What Freedom Looks Like’

Face it, fuckers, this is what freedom looks like — an insidious cocktail of blood and guts strewn out across a blackened landscape filled with death, despair and the sounds of agony.

You know Fox has gone off the rails when Bill Kristol is the voice of reason.

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