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
23,443 Blog Posts

GOLD BUSTS LOOSE TO THE UPSIDE; FINANCIAL MARKETS IN DISARRAY

We are seeing precious metals STEAM higher now with gold +3.6% and silver +6.3%. Perhaps the great talked about SILVER SQUEEZE is finally happening. We have outsized moves in all miners, double and triple digit moves in a wide pastiche of oils and materials. I have been trading all morning, now +1.7% for the session and that’s very conservative compared to some of the returns of the traders in Stocklabs.

This is a hyperbolic market with parabolic moves and it will continue, as we heave over and collapse.

I am keeping a FAZ hedge — because financial collapse can happening at anytime.

True, these are feelings and much of my analysis is based off anecdotal experience trading my whole life, so take it with a grain of salt. But the mood is dark and grim and if you’re hoping for SAAS stocks to turn up, you might be waiting a long time.

There is a rush for materials, solar, alternative energy sources, oils, frackers, and even coal.

More later.

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8 comments

  1. Mr Devil Dog

    Good day iBankCoin. It is I, Mr Devil Dog. The world is collapsing around you – just as I foretold. Of course none of you listened; “boring” replied one of the (now bankrupt) commenters with a pea-sized brain. But mark my words, this is just the beginning. My target for the Dow Jones Industrial Average is zero, and that’s being rather conservative.
    Your government is determined to do everything in it’s power to destroy financial markets, jobs and wealth. I look forward to the upcoming collapse, levered short 30X my money in index funds and having bought all available credit default swaps on your banking oligarchies.

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  2. wolfdaddy

    I welcome 20 dollar gas while the idiot pushes for green energy alternatives.

    That should seal the deal for the left getting slaughtered during midterms. Additionally maybe there will be less boats in the lake and less care on the streets.

    He will also lose the brainwashed millennial vote when he regulates amd and fucks crypto. Let’s hope they do it right which would be super bullish for crypto

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  3. tha pirate

    Ancient history I know, but anyone remember when i said LAST WEEK that Jim Brandon killed Keystone XL on his FIRST day by executive order and that the entire fukin fiasco of pushing Russia into a corner to start a war was a strategy by the Dems so they could get the average MORON out there (who believes the mainstream media) to blame ‘Russia’ for the high energy prices and inflation? Yeah.

    -and Brandon just had the AUDACITY to give his speech minutes ago and claim that production under HIS administration was better than ‘bad Orange man’.. Narturally the lapdog media/press asked NO questions because he took NONE.

    Yeah, you’ve been had, but many of you purple haired Dems don’t even KNOW it.

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  4. jacked rabbit

    Please keep that FAZ hedge on…for the love of Livermore…

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