George ‘The Devil’ Soros Ups Stake in $ABX

The reporting of his positions is meaningless subterfuge at this point in his net worth arc. I wouldn’t be surprised to learn that his reported positions were merely press releases to misdirect the public into onerous investments. His malevolent position against life, liberty and the American way make anything he says or does suspect.

The only interesting thing about his renewed interest in ABX is that he timed the top in gold when he sold it earlier this year.

Soros Fund Management LLC bought 1.78 million Barrick shares in the third quarter, taking total holdings to 2.85 million, according to a regulatory filing. The fund rebuilt its stake in Barrick, one of the world’s two largest gold producers, after selling 94 percent of its holdings in the second quarter to cash in on the stock’s best first-half performance ever.

The billionaire investor’s purchase comes after Barrick began steps to cut costs and sell assets to lower its debt. The Toronto-based producer reported third-quarter earnings that topped analysts’ estimates even as gold prices posted their first quarterly decline this year.

Barrick shares have fallen to a seven-month low of C$19.86 as haven demand for gold wanes amid prospects of rising U.S. interest rates. Bullion has slipped more than 7 percent since June, in part because of speculation that U.S. President-elect Donald Trump’s pledge to increase infrastructure spending will widen the deficit and boost yields, hurting the appeal of non-interest bearing gold.

“The Barrick train keeps chugging as the company’s continual focus on lowering the cost per ounce of gold produced is paying off, positioning it well for the long term,” Bloomberg Intelligence analysts Kenneth Hoffman and Sean Gilmartin said in an Oct. 27 report.

What a thoughtful man. In light of so many people wanting to leave America after the Trump victory, this Tulsa based traffic reporter offered his viewers directions to Canada.

An epic watch.

Insensitive is one way to describe the flippant remarks of Symone Sanders on CNN this morning, mocking the man who was beaten by several ‘super predators’ for being a Trump supporter, saying ‘OMG, poor white people.’

The fuck?

She carried on, haggardly, suggesting violence is never the answer — but that it sort of wasn’t the fault of any protester for committing acts of violence since the rhetoric out of Trump is, in fact, violent. Pray tell me, S. Sanders, how is Donald Trump fomenting violence?

Here is the incident Symone thought it was appropriate to trivialise and mock. After all, black lives matter, not white. Yes?

anti-Trump protestors beat innocent elderly Trump supporter, jump him, steal his belongings, then drag his bloody body by his own vehicle… pic.twitter.com/f2tftYuroG

— Democrats For Trump (@YoungDems4Trump) November 12, 2016

According to her LinkedIn Page, she’s a DNC strategist and CNN commentator aka unemployed.

Stupid bitch. She was, however, the National Press Secretary for Bernard “Shill Hard” Sanders, a job destined for the unemployment line.

The great thing about the left is that they’re mentally ill, which makes their destruction all the more easier. This shit is on autopilot now.

Tepper once made a small fortune in DAL, if I’m not mistaken. He just reported a small, almost peevish, 480k share position in DAL. Buffett, on the other hand, reported some manly positions in three different airlines: AAL (~21.77 mln shares), DAL (~6.33 mln), UAL (~4.53 mln).

It’s an interesting call, as the airliners have done nothing all year long. Over the past two years, in spite of oil being down by more than 50%, the airlines are only up by a mere 12%.

Based on price to sales valuations, the airline sector is the cheapest it has been since 2011.

Back in January of 2012, after a tumultuous 2011, AAL pressed higher by 66%.

UPDATE: Berkshire is reporting a new position in another airliner, LUV. The sector will be on fire tomorrow.

Crude oil was about to die earlier today, up until the moment when an OPEC rumor hit the tape — saving the House of Saud and everyone who is employed in their harems. I won’t even bother discussing the rumor — because it’s likely 100% bullshit. It did, however, produce the desired affect on markets: sharply higher WTI and Brent crude prices.

Today’s obvious winners were in the dry bulk shippers. Shares of DRYS lifted higher by a genteel 212%, while EGLE and ESEA lifted by more than 40%. None of this makes sense, whatsoever. Speculators have returned to the market with vigor — bidding up all of the fashionable global growth story names.

In other words, a Trump candidacy means global growth will return in full force. Or, maybe ‘they’ are bidding up these assets now, while Obama is in office, in order to crash them after the inauguration. This way, the optics of a Trump administration is damaged from day 1, effectively neutering his administration.

While that theory is heavily conspiratorial, like a bitch, it isn’t far fetched when taking into consideration how high the stakes are for our globalist overlords.

What a fucked up tech sector. The whole market, sans oil, is celebrating the Trumptification of the markets but the freedom hating tech nerds in Silicon Valley. Couple them with the plight of Saudi Arabia and we’re beginning to see a trend here.

If you hate freedom and American apple pie, you die.

Since the election, the FANG bangers are down in the magnitude of 8%. This is significant because the market has gone the exact opposite way, leaving retrograde keyboard polishers like Mark Zuckerberg and Tim Cook very sad, in their billionaire homes.

If anything else, the flight from ‘safe’ FANG stocks into more riskier plays, like hobo homeless dry bulkers, is not a coincidence. Investors are bored of Jeff Bezos and his 650 PE. They want pizaz, not to be confused with the pizza that John Podesta likes to eat for an hour.

What in the fuck is going on here? Had I been long leveraged, I’d be blasting my music so loud now, the vibrations from the speakers would literally kill my elderly neighbors. This is too much. I draw the fucking line at the dry bulkers, a sector that has mystified me for the better part of the past decade. It’s like the industry is run by idiot pirates.

Look at DRYS go.

Part of the reason why we’re seeing renewed interest in this shit sector is due to the sudden heart attack spike in the BDI. The cargo on these ships, mainly, is metals — iron, steel, copper, zinc etc. The shippers, as told plainly by a prominent CEO in the space, is a play on China. He told me ‘if you don’t like China, don’t buy out stock.’

This all meshes nicely with the 20% lift in copper. It’s almost as if the market believes Trump will be this great boon for China. Are they fucking nuts? Have they listened to a single word he said? Or, this is the greatest fucking short squeeze in the history of mankind.

With the lift off in yields, the spread between the 2 and 10 yr bonds are blowing out — now at 125bps. This spread was 70bps a short while ago. Every basis point it widens is pure profit for the banksters and their diabolical schemes.

As a result, financials are lifting off again, extending the Wagnerian operaesque dramatic gains enjoyed last week. Many of these banks, which have been dead money for the past 5 years, are higher by double digits over the past 3 days. The move higher caught a lot of people by surprise and the momentum is now causing shorts to run for cover.

Who would’ve thought Goldman Sachs would be higher by 15% in less than one week after a Trump victory? The market is the eternal humbling mechanism, filled with surprises.

Ever since Trump was elected President last week, Americans have been racing to the shopping malls to buy faggish clothes and prance around with frappacinos in tow and lots of diamonds and handbags. The Obama economy is dead. Long live Trump’s

The only issue with that thesis is Obama is still President and these gains only buttress his legacy. By the time Trump gets in, the market might’ve topped the fuck out and the apocalypse will likely ensue. The hacks who shill for globalist scum play 4d chess and have their eyes on 2020 now.

Retail stocks are breaking out today, ahead of National Festival, a day of thanks made official by none other than President Lincoln in 1863. Also, did you know that from the Victorian era until the 1950s, it was customary for children to parade in ragamuffin outfits and black smudged faces? Idiot country from day 1.

Seasonally speaking, retail does terrific in November. That sort of looks like a middle finger right? I’d be reticent to bet against retail now. You might as well wait for these pole smokers to exhaust themselves ahead of Thankgiving. Then you should pounce on these fucking stocks like wild turkeys and short the shit out of them.

The almighty Exodus is warning the sector is overbought. Generally speaking, buying retail up at these levels, algorithmic wise, has resulted in wanton humiliation and depravity.

I’ve always thought the mall was dead, ever since I started to hate going. I believe I’ve been hating on the mall since 2009ish, a time when Amazon because all the more important to me. After enjoying the splendor of Amazon and their speed demons delivery men, I cannot fathom why anyone would ever subject themselves to the spartan experience of the shopping mall any longer.

Fuck the mall.

But what do I know?

Jeff Macke, who seems to know a thing or two about retail likes them here.

@The_Real_Fly (my thoughts on autocorrect are it blows. "Let retailers run"

— Jeff Macke (@JeffMacke) November 14, 2016

All of this awesome bullish dollar action has The House of Saud shitting their pants. WTI is down again, off by 1.5%, to 3 month lows — in spite of the fact that copper is soaring and economic prosperity has returned to the world, with the election of Donald Trump.

Bear in mind, our beloved oil industry will be needing to refinance a boatload of debt in 2017. This late year drop in prices doesn’t exactly make financing easy for them.