Powell said there was a shortage of labor. I can tell you it's true. Most of the people I know who own businesses can not find employees. It's a fact. Why work if the govt. is giving free money? Of course if you pay 1 million a month, you will find employees but not at what they were being paid
As dollar falls , gold and silver are also falling. This is the only losing part of my portfolio. Of course I never buy SLV and GLD but I have some miners/royalty stocks. They all fell today.
Do you think it’s got room to run? I agree with Greg, going to get some more events to drive it higher. Another analyst I pay for research set 48.90 as a trigger to get in and it took that out today
As of this writing, $50 is a large resistance (all the options activity surrounds the $50 strike). 57% of those options expire tomorrow which could cause a stock reversal. This is due to market maker activity (the ones who provide liquidity to the public). On the bright side, the calls are in control when the price reached above $50. If that occurs a drift to $60 is fair to say.
You are a blessing...everything else: a curse
Powell said there was a shortage of labor. I can tell you it's true. Most of the people I know who own businesses can not find employees. It's a fact. Why work if the govt. is giving free money? Of course if you pay 1 million a month, you will find employees but not at what they were being paid
As dollar falls , gold and silver are also falling. This is the only losing part of my portfolio. Of course I never buy SLV and GLD but I have some miners/royalty stocks. They all fell today.
Anyone getting in on xle calls?
Two days ago
Do you think it’s got room to run? I agree with Greg, going to get some more events to drive it higher. Another analyst I pay for research set 48.90 as a trigger to get in and it took that out today
As of this writing, $50 is a large resistance (all the options activity surrounds the $50 strike). 57% of those options expire tomorrow which could cause a stock reversal. This is due to market maker activity (the ones who provide liquidity to the public). On the bright side, the calls are in control when the price reached above $50. If that occurs a drift to $60 is fair to say.
Greg you are such a beautiful inspiration to light up our days and teach us.
I think Greg's analysis is slightly off on the economics and market in that if
people aren't buying as much because they have less or are just stuffing money
away, even if prices of consumer items goes up, that will mean the shelves will
be full of "stuff" less and less people are buying. This provides a direct and adverse
effect of the owners of the stores whether brick and mortar or internet stores having
inertial force of increasing stocks of items and less and less sales. In that type of
situation, the stores then have to sell things at a literal loss to keep their cash
liquidity going for operational bases. In this echo chamber, you then have store
owners buying less inventory in months thereafter as consumption drops or finding
less costly suppliers of items who just may be American Producers rather than Chinese
and others as the dollar domestic economy will just work fine regardless of the lower
value of the dollar. Conversely, if the dollar goes down that means just another reason
to produce things inside the US as labor and costs are provisioned in that lower value dollar used
for things produced in the US "and" therefore exports of US Produced, Manufactured
items will go up not down as people with higher valued currencies will buy US Produced
things as well as shift production plants to this environment conducive to both domestic
production/consumption as well as exports as outlined.
In referencing the currency flow ratios as being low, you then have to conjecture than how
can inflation rise above the lower currency flow and other factors? You then have to add
technology advances that rather than incurring higher costs are now producing deflation
synergistics.
So, let's say copper or steel or whatever commodity explodes to higher per ton value
and the US has been importing at lower costs for these same items, this would then
cause pressure from the internal domestic economic environment to mine more here rather
than "over there". This also works in strategic angles as well, as we have seen there are forces
currently trying to divide nations, regions, peoples into competing dynamics all of which
make production, mining, technology production strategically imperative to the US as
"trade routes", "shipping lanes" and free passage over oceans will become more tenuous
as China produces more blue water navy ships and then pushes out their sphere of influence
further much as Japan had done pre WWII and the US has done post WWII and thereafter.
So, whether we get a wave of so called inflation over the next several months the fact remains
there are so many deflationary and economic indices that will be pushing those increases
downward over time with the world economic outlook looking lower even as nations and
companies have to assume more debt. In terms of the 10 Year Yield at or around 1.62 or
so, my own opinion is based, not on just worries about increases of yield here in the US but
more so worldwide downtrends in valuations of bonds in a negative interest environment.
This is not also inclusive of China Bond Failures reported in the last several days so even if
you are a bond buyer, who would you buy your bond from in todays stew of low rates, negative
interest, etc.?
This is not only a US phenomena but more so a worldwide event horizon as well as the
deflationary pressures and lower economic activities in the larger and wider sense. So,
we end up with what folks? People unemployed or under employed, factories idled or
going a 35% of efficiencies, new electric cars traded out across the world for the old
gas and diesel guzzlers via the governments doing these trade in measures to reduce
oil consumption as well as green house gas emissions. This all means we are in for some
"BIG" Changes in the way we live, travel and conduct our lives as well as business. Maybe
all markets will falter for some time but then a New Horizon and New Ways to live and
do business more inclined to better quality of life, more enjoyment of life, and a much
more robust and vibrant societ(ies) over time. Maybe, just maybe the Earth will begin
to be cleaned up by everyone like "family members" maybe some grumbling but cleaning
up the proverbial "house" we all live in. This is an exciting time to live!