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Wattie

Wattie

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Froddy said:
At the moment it looks like gold is holding up, and the shorting has run its course - who knows?

The equity futures markets look weak again, probably due to the further spread to other countries within Europe, and now South America too.

Having spent 5 hours on trains yesterday, with another 5 due on my return journey today, I'm beginning to think (reluctantly) that I'm going to have to add miles to the Maz to minimise my exposure risks. I felt really uneasy on the Tube ...
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The American banks, JPM (Rico precious metals multi year manipulation lawsuit) will go all out to batter it down if they are on the wrong side- someone is as they clearly did not see this Cv19 event happening.
Good Luck Froddy. Kudos to you for putting yourself out there in this situation.
Most of my stops were sold on 98% of positions, unfortunately a couple weren’t as no mugs to buy were found.
I’ll hold, no biggie.
 
Wattie

Wattie

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Wattie said:
Look at how hard they're trying again and Gold just keeps bouncing back........ so far.

Now you know why I hate banks and bankers. They are criminal organisations.
I'll wager if you look at all the red spikes previously each month they would coincide with options expiry dates.

Heres another fun fact.
Stock buybacks amongst US companies were at record levels...... ie they have been buying back their own stock at higher and higher prices for years.....another form of ponzi.
https://www.zerohedge.com/news/2019-05-02/great-stock-buyback-debate

These stocks are now becoming worth less and less each day as markets keep falling.......
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66004
gold is money, not printed out of thin air.

Some trader will be about to lose his shirt if this is against his position.
Let’s hope he isn’t in for billions as his bank will collapse.
Popcorn and watching.
 
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Wattie

Wattie

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Contigo said:
Guys but ESL, Eddie Stobart, 8p, from 71p on delisting.

Turning things around.
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Yup Contigo, that’s going “short”.
You profit from a stock that is going down....until it’s banned which is what will happen....whenever positions move, the powers tha5 be move the goalposts. You will be banned from shorting this market very soon, airlines, transportation,.......all those mentioned in previous posts.
Banks!!!!!!!!!
When half the world’s population is ill, serious or just a slight wheeeze, but isolated....no income, mortgage or credit card to pay.....or an employer with no parts or a workforce to put them together.....

What do you think will happen....
 
Wattie

Wattie

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8,640
Please guys get your money out of equities.
Contact your pension advisor, tell them a lunatic has said you should do it for a couple of months.
Cash if you want,
Gold if u feel the need.

Sit back and watch.

Watch the future unfold

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Wattie

Wattie

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8,640
Wattie said:
View attachment 66004
gold is money, not printed out of thin air.

Some trader will be about to lose his shirt if this is against his position.
Let’s hope he isn’t in for billions as his bank will collapse.
Popcorn and watching.
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Here we go again BF3371AD-11AE-4B69-9F9F-B64C86DA0DCA.jpeg

Manipulation in action.
This graph is telling you, the worse the news gets, the less you need a safety net.
Bankers....on the wrong side of a trade.
 
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Wattie

Wattie

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Froddy said:
They're doing a beautiful job - got to hand it to them. As I type, gold is now negative for the week! The pivot is 1636 - that's the make or break battle area. If that goes, it opens the way to c. 1620 ...
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Makes perfect sense eh....bad news.
Steal a Rolex from a jeweller.- 5 years.
Manipulation of markets to the tune of several hundred million. Nowt.

Froddy you called it last week. This is a buying opportunity. Happy to buy gold at x. Well it’s on discount at x-.
Take delivery though.
 
Froddy

Froddy

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Wattie said:
Makes perfect sense eh....bad news.
Steal a Rolex from jeweller.- 5 years.
Manipulation of markets to the tune of several hundred million. Nowt.
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I have a feeling the futures contracts expire at 12.30 CT - will be interesting to see what goes on ...

Hearts broken, dreams destroyed! The house wins again!
 
Wattie

Wattie

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Froddy said:
I have a feeling the futures contracts expire at 12.30 CT - will be interesting to see what goes on ...

Hearts broken, dreams destroyed! The house wins again!
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Depends if you’re a trader.
Traders look for short term gains.
I’ve owned gold for years, a $1000 here or there is nothing. When I look at my gold it’s just sat there.its weight doesn’t change. I legally own it. It’s convertible to any currency in the world at any given time.
It’s value does change , but that’s been going up .....for around 75 currencies in the world and no central bank printing money can alter that.
If they whack it down, buy more.
The Ponzi is in desperation mode, watch Trump later.
 
MaseratiGent

MaseratiGent

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Short squeeze. Exited many delta 1 this morning and tentatively went long small in delta 1 only. Buying more puts as we rally and took profit on some ITM puts.
 
Wattie

Wattie

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MaseratiGent said:
Short squeeze. Exited many delta 1 this morning and tentatively went long small in delta 1 only. Buying more puts as we rally and took profit on some ITM puts.
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Can you explain that in Scottish?
Now I know why I didn’t retire at 35.
 
Froddy

Froddy

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MaseratiGent said:
Short squeeze. Exited many delta 1 this morning and tentatively went long small in delta 1 only. Buying more puts as we rally and took profit on some ITM puts.
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Yes, this could be the start of the "distribution" phase with violent moves and huge short-covering which accelerates the moves. Hold on tight everybody!
I've gone 50% cash as of 10 mins ago - I want to see where the battle lines are drawn ...
 
Wattie

Wattie

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Froddy said:
Yes, this could be the start of the "distribution" phase with violent moves and huge short-covering which accelerates the moves. Hold on tight everybody!
I've gone 50% cash as of 10 mins ago - I want to see where the battle lines are drawn ...
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Have you seen this , they are throwing the kitchen sink at it!
 
Wattie

Wattie

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So your number from a day or so ago was 1634.50.
15463298-5DF9-4B60-8578-16DBB404D270.jpegy
Froddy if you’ve time, can you explain the relevance. I know it’s mental out there
Currently.....
 
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