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[Wattie]

I wrote a few days ago there will be the ultimate short squeeze lasting days, after QE + Fiscal Bailout. Dow could easily get to 25,000 before its slow decline over months to lower than it's recent low (with less vol).

Lots of talk about rebalancing.

Insanity: Stocks Enter New Bull Market On Day Initial Claims Hit 3.3 Million | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Your. Previous comments re month end...terrible volume too!

Traders Betting That "$850BN Buyer" Is In The Market | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

US JOBSS!!
Whatever the case, the longer the crisis goes on, the more jobs that will be lost. Some economists think job losses could surge to 20 million or even higher. The St. Louis Federal Reserve estimated a whopping 67 million jobs are at high risk of unemployment.

 

[lozcb]

https://dailyreckoning.com/the-great-dollar-shortage/

 

[Delmonte]

Looks like getting into bullion in my sipp is not going to be easy... and opening a new one not easy either, staff of providers isolating, working from home, using **** internet phones etc being my experiences so far..... plus resistance from some wanting me to do it via an IFA, large fees, I could go on.... not easy, but I’ll keep looking.

Anyway. I can easily invest in my existing sipp, into this, with a few clicks:

GOLD BULLION SECURITIES SECURED UNDATED ZERO CPN NOTES (USD)

I don’t know really what this is. Like I’ve said before I’m amateur. Can anyone explain it, and what are the pros and cons vs physical gold, other than the obvious pro of no storage or delivery?

 

[Wattie]

Can you invest in the mutual fund run by Pictet- PPMF (ch) physical gold fund via your Sipp.

Legal provisions (Disclaimer) | Swiss Fund Data

In this section, you will find extensive data, documents and announcements regarding your investment funds. The latest market data will provide you with an insight into the Swiss fund market. The MyFunds user account allows you to pool all of your funds in one account and keep track of all...

www.swissfunddata.ch

 

[Delmonte]

Can you invest in the mutual fund run by Pictet- PPMF (ch) physical gold fund via your Sipp.

Legal provisions (Disclaimer) | Swiss Fund Data

In this section, you will find extensive data, documents and announcements regarding your investment funds. The latest market data will provide you with an insight into the Swiss fund market. The MyFunds user account allows you to pool all of your funds in one account and keep track of all...

www.swissfunddata.ch

It appears not... lots of pictet funds, equities, regions, emerging markets, biotech, but not that one

Can you tell me anything about the bullion securities thing I mentioned before? What it is, how it works?

 

[lozcb]

As and when this virus thing is over , looks like it would be worthwhile going back to work for a few months and getting my operation back underway , i might actually be everyones new friend lol

 

[lozcb]

As and when this virus thing is over , looks like it would be worthwhile going back to work for a few months and getting my operation back underway , i might actually be everyones new friend lol

Unforutnately not one of those professions you can run remotely , with 20 african staff all itching to get there hands in the till .........so sorry i mean the sluice lol or worse all standing around the concentrate chute of the shaker table hahaha .......... Makes me giggle the first time we were operational they were amazed that this stuff had been sitting in the gravels of their rivers for generations ...............

 

[Wattie]

It appears not... lots of pictet funds, equities, regions, emerging markets, biotech, but not that one

Can you tell me anything about the bullion securities thing I mentioned before? What it is, how it works?

Sorry I can’t assist, no idea what that is but it’s not physical gold.

 

[Wattie]

Well that was quite a week and a big Dow drop to end.
Some observations.

Central banks are throwing the kitchen sink at this, more debt to fix a debt problem is just ultimately making it worse.

"If Getting Us Into $6 Trillion More Debt Doesn’t Matter, Then Why Not $350 Trillion?" | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

The stimulus package to Americans of a grand or so isn’t enough. It was almost a diversionary ruse to hide the billions in bailouts to corporate America who had been buying their own stock previously- making them billions in the process.Outrageous.
Fed balance sheet expected to double to over 10 Trillion.
US covid cases doubling every 3 days.....next Tuesday, 200,000.
US unemployment expected to hit 10,000,000 soon.....14 million work in hospitality alone.
UK credit rating downgraded.
Riots starting in China....

I can’t see any light at the end of the tunnel- yet.

 

[MaseratiGent]

Where do you see Mainland China riots?

 

[Wattie]

Where do you see Mainland China riots?

Hubei Residents Riot After Quarantine Lifted; Police Beaten With Their Own Shield, Cop Cars Overturned | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Quite a lot Online during the week in Mexico too.- supermarkets ransacked. Early signs perhaps of civil disorder.

Gang of 70 loot México state supermarket en masse

Dozens of men and women rushed a Bodega Aurerra Express supermarket in Tecámac and ransacked the shelves on Monday.

mexiconewsdaily.com

 

[lozcb]

https://canadiandimension.com/articles/view/goodbye-to-the-dollar

 

[Delmonte]

https://canadiandimension.com/articles/view/goodbye-to-the-dollar

That is very good article. Very good. Unfortunately the very last few words tell us that the author hosts a show on RT.....
Makes me lose all faith in what he's saying

 

[rockits]

Regardless of the source or author we all know that much of the sentiment or majority of it is pretty true.

This sums up some of the US population IQ level:

 

[Wattie]

That is very good article. Very good. Unfortunately the very last few words tell us that the author hosts a show on RT.....
Makes me lose all faith in what he's saying

No more than me watching something on Fox.

 

[Wattie]

This is an interesting read.

"It's A Different World Now" - The Global Solvency Issue Is Becoming Systemic | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Future Market direction.......the loss of buybacks.

This Is The Only Question Goldman's Clients Are Asking | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

"There's No Gold" - COMEX Report Exposes Conditions Behind Physical Crunch | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Sent from my iPad

 

[outrun]

I feel like I’m living the script of Trading Places with gold replacing Frozen Concentrated Orange Juice and toilet rolls replaying Pork Bellies.

Randolph, Mortimer, what have you done this time?

Feeling good Billy Ray? Looking good Louis.

 

[CatmanV2]

Feeling good Billy Ray? Looking good Louis.

Other way round, surely?

C

 

[Wattie]

This really pisses me off.
That’s around 7.5 billion AUD$!!!!

So why is he asking for a bailout of

Coronavirus: Virgin Australia may not get $1.4b bailout as it considers closing Tigerair base

The federal government has reportedly indicated it will not provide Virgin Australia with a $1.4 billion loan that the airline has requested.

www.news.com.au

Why are we being asked to bail out Billionaires?
It is outrageous.

 

[Wattie]

Good call Contigo,
Beginning to move in the right direction.