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The Lunatic Fringe - Trading talk.

Zed

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Hey you lot up there! WTF is the difference between the police and the sheriff up there in adventure land?
 

Zed

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Yawn... somebody strike a match and light a fire under gold's or silver's ass before I go into hibernation.

Phat bass.

 
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offourse2

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Hey you lot up there! WTF is the difference between the police and the sheriff up there in adventure land?
In Florida a sheriff is an elected position, they are the Executive Officer of the court, oversee the county jail and county law enforcement. Sheriffs are the big dog in the county and can even legally command anyone to assist them. A police chief is appointed and answers to the mayor or city council.
 

Lancers32

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Big week for the miners. Careful of getting too greedy.
 

dpong

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CHS. When you're hot you're hot.

tC2JmxPb.png
 

Lancers32

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Message about some insider selling in HL. I don't know what % of holdings were sold. CDE and SILJ look stronger. Not buying here.
 

Lancers32

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Dalio has that look about him. Dunno how old he is but I have seen this face on more people than I care to remember.

 

Zed

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In Florida a sheriff is an elected position, they are the Executive Officer of the court, oversee the county jail and county law enforcement. Sheriffs are the big dog in the county and can even legally command anyone to assist them. A police chief is appointed and answers to the mayor or city council.

So police defer to the sheriff or does the sheriff direct the police as needed?
 

Zed

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Zed

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Gold looks to have rolled over short term, expect 1840~60 at the least.
 

Zed

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SPX looks double toppy here, JMO.
 

Zed

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DXY still looking like a double bottom with TNX looking like it has downside. The whole picture looks like we might see a flight to safety the second half sometime. Aug/Sep/Oct ish.
 

offourse2

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So police defer to the sheriff or does the sheriff direct the police as needed?
In Florida the sheriff derives authority from the state constitution they are the Chief law enforcement officer in the county. Police only have authority in their city or town which is still within a county. They are separate offices, some cities will contract with the sheriff to provide law enforcement and not have a police force.
 

Uglytruth

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Sheriff is the highest power in the county unless there is a death then the coroner has authority.

City's are located in county's. That is why with Portland riots last year the mayor told the popo to stand down the sheriff should have taken over.
 

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DXY still looking like a double bottom with TNX looking like it has downside. The whole picture looks like we might see a flight to safety the second half sometime. Aug/Sep/Oct ish.
Zed, I been listening to a bunch of podcasts. Some commentators say that all this newly printed fiat is gonna strengthen the dollar, even if it is imaginary in the first place.
some expect a dollar rally and a pullback in commodities; right inline with what you said .
 

Zed

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Strengthen it relative to the other currencies? or commodities etc... IMO the USD will rise here but still lose value. The rest of the world is also racing their currency to the bottom and any hickup will still see a flight to the, for now, center of the system (safety!)... the USD.
 

Zed

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Don't forget that rising commodity prices are defacto rate rises. e.g. the higher oil goes the lower disposable income to meet debt payments. aka deflationary.
 

Zed

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In Florida the sheriff derives authority from the state constitution they are the Chief law enforcement officer in the county. Police only have authority in their city or town which is still within a county. They are separate offices, some cities will contract with the sheriff to provide law enforcement and not have a police force.

Sheriff is the highest power in the county unless there is a death then the coroner has authority.

City's are located in county's. That is why with Portland riots last year the mayor told the popo to stand down the sheriff should have taken over.

OK. Here the police forces are state wide and the sheriff has a completely different set of responsibilities, you rarely see them.
 

Uglytruth

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The rest of the world is also racing their currency to the bottom

Trying to achieve parity? Before a reset?
 

Zed

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Trying to achieve parity? Before a reset?

Who knows what is on the agenda, this can easily go another decade just getting worse and worse before they have to act.
 

dpong

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Weekend Trend Trader got us into these small oil, gas, energy companies a little early. Didn't feel good holding these for a while.

[Now starting to break out higher.]

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Uglytruth

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Been going on a ling time. "Experts" all of them.

 

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Zed

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Been going on a ling time. "Experts" all of them.


He is correct... basically saying that printing money doesn't create wealth. You need wealth to feed people not money.
 

Zed

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Meme stocks are back, or so it seems. The mechanism being used is options and the hedging that prudence requires of the option writers (aka market makers). In a nutshell, you find a heavily shorted stock, you go ballz out on cheap out of the money options giving you insane leverage ($ to stocks issued) which then forces the market maker (they write the majority of the options) to hedge their risk by buying the heavily shorted stock resulting in a short squeeze. Not such and issue when a lone trader goes there but when you get a reddit swarm....?! Ironically this isn't that dissimilar to the PPT tactics to support the indexes via futures.

It is believed in some quarters that if this dynamic gets too much momentum (too many "break the system" reddit kidz!) then it has (I quote) "the potential to bring the integrity of the system into question".

DYODD... etc. Watch the meme stock noise closely for the next few months.

JMO etc...
 

Zed

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Meme stocks are back, or so it seems. The mechanism being used is options and the hedging that prudence requires of the option writers (aka market makers). In a nutshell, you find a heavily shorted stock, you go ballz out on cheap out of the money options giving you insane leverage ($ to stocks issued) which then forces the market maker (they write the majority of the options) to hedge their risk by buying the heavily shorted stock resulting in a short squeeze. Not such and issue when a lone trader goes there but when you get a reddit swarm....?! Ironically this isn't that dissimilar to the PPT tactics to support the indexes via futures.

It is believed in some quarters that if this dynamic gets too much momentum (too many "break the system" reddit kidz!) then it has (I quote) "the potential to bring the integrity of the system into question".

DYODD... etc. Watch the meme stock noise closely for the next few months.

JMO etc...

If you have play money you don't mind risking find the meme stocks and go out of the money calls.

Or if you are late, wait and buy puts.
 

Zed

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Zed

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If the silver reddit mob adopted the gamma squeeze tactic with silver futures the bullion banks would be fucked. Live by the sword...
 

Zed

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