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The Lunatic Fringe - Trading talk.

Cigarlover

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I think that kind of move down if we do indeed get one will apply to CCJ DNN UEC URA take your pick.
All of them on my watch list.
USO is another thing I am looking at for the next leg up in oil.

Is there an ETF for natural gas?
Actually a complete list of all commodity eta's would be a good thing to have on a watchlist. Corn, SoyB, USO
 

Cigarlover

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All of them on my watch list.
USO is another thing I am looking at for the next leg up in oil.

Is there an ETF for natural gas?
Actually a complete list of all commodity eta's would be a good thing to have on a watchlist. Corn, SoyB, USO
I wanted to ask, can the ETF's be traded like stocks? Go long and short? Do they also have options?
 

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Yes, most have options as well though some are illiquid.

Some I have been watching

SOYB
CORN
WEAT
UNG - US Nat gas
UGA - US Gasoline
USO - Oil
TLT - Long US Treasuries
TBT - Short US Treasuries
DBA - All food items

Just off the top of my head anyway.
 

Cigarlover

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Yes, most have options as well though some are illiquid.

Some I have been watching

SOYB
CORN
WEAT
UNG - US Nat gas
UGA - US Gasoline
USO - Oil
TLT - Long US Treasuries
TBT - Short US Treasuries
DBA - All food items

Just off the top of my head anyway.
Awesome. Thank you.
 

Lancers32

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Big runs in the commodities I think they get whacked too. Look at what they did to lumber.
 

Cigarlover

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Big runs in the commodities I think they get whacked too. Look at what they did to lumber.
I' just want start watching them and be ready if there is another leg up. I think there will be, especially in gld, slv, USO and nat gas
 

plata_oro

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Time flies huh? August 7th marks the $30 top in Silver and the first top around $2070 for Gold which has since recently put in a double top. Anyone else find it interesting that Gold can challenge a previous top or make a new high while 42 years later Silver still can't make a new high?
Not since 1/3 of new silver supply comes as a byproduct of other industrial metals and gold. Whereas gold is mined because it's gold. Do believe me. Silver Wheaton became Wheaton Precious Metals to become a primary gold miner. The stock is doing way better since the change.
 

gnome

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Crude really got dumped today. Whats the news on that?
Attributed to recession fears - that's actually plausible.
US Gasoline demand has been flat to down since 2008.
Months of $5 a gallon causes demand destruction and a recession sure won't help.
Don't think we're gonna hit 9.5 mb/d anytime this summer.

US-fuel-demand-2022-06-16-gasoline-weekly.png
 

gnome

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Jodster

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Attributed to recession fears - that's actually plausible.
US Gasoline demand has been flat to down since 2008.
Months of $5 a gallon causes demand destruction and a recession sure won't help.
Don't think we're gonna hit 9.5 mb/d anytime this summer.

US-fuel-demand-2022-06-16-gasoline-weekly.png
The cure for high prices is high prices.
 

Lancers32

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Gold. Maybe or we go to 10K immediately. Don't think so.



GC 061922m.JPG
 

jelly

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Bitcoin selling over the weekend, a sign for more selling in the general markets when US markets open Tuesday?
Silver miners looking weak here
 

Lancers32

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Sentiment is in the toilet now but that doesn't have to mean we rally. 100% cash now.
 

Lancers32

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When you have so much money you don't care how your portfolio does. Can you say private placement?

FVoeEyQXwAYwP8c.jpg
 

Uglytruth

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RSX update. Got some paperwork in the mail.

bla bla bla "In addition, since March 4, 2022 Cboe BZX Exchange, Inc the funds listing exchange, has halted trading of shares of the fund. There can be no assurances that trading of the fund will resume." bla bla bla not meet it's objective. significante premiums or discounts of the fund's NAV and wider bid-ask spreads.
 

Jodster

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RSX update. Got some paperwork in the mail.

bla bla bla "In addition, since March 4, 2022 Cboe BZX Exchange, Inc the funds listing exchange, has halted trading of shares of the fund. There can be no assurances that trading of the fund will resume." bla bla bla not meet it's objective. significante premiums or discounts of the fund's NAV and wider bid-ask spreads.
I had about $8K in ERUS. Fuckers.
 

Uglytruth

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My vanguard paperwork shows I still own 500 shares. With the rising rubel if they ever let it trade I will have done well.
 

JayDubya

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'I trusted them with my savings:' Crypto investors scramble after accounts frozen​

https://finance.yahoo.com/news/crypto-investors-scramble-173004105.html

Months ago, Sydney, Australia-based Hamish Tipene took out two loans with Celsius Network. Buying a new home above his pre-approval rate, he staunchly supported the crypto lender’s motto “Unbank Yourself” and used his crypto holdings as collateral instead of selling it for cash.

But when the value of crypto started plummeting a week ago, the collateral Tipene put up for the loan rapidly dwindled and he received a margin call. He needed to add more collateral.

Before he could, Celsius froze Tipene's account, making it impossible to meet the margin call in time. The company liquidated 0.59 of one bitcoin, a value of $11,800 by today's rate. He now faces another margin call that would wipe out another $13,000 in bitcoin, but with his account still frozen he’s up against the same dilemma.

“I tried to reach them for days. You can’t remove someone’s ability to resolve a situation and then punish them for not resolving it,” the 46-year-old carpenter told Yahoo Finance. “I trusted them with my savings and it’s unfair.”

Last year, cryptocurrencies gave retail investors the chance to secure wealth at what seemed to many as a once-in-a-lifetime money-making opportunity. Now as the tide is pulling out for risk assets with cryptocurrencies hit especially hard, investors are rethinking their trust in some crypto firms, including Celsius Network, after the companies took drastic steps in the face of a liquidity crisis.

Crypto’s total market capitalization has dropped by over $237 billion since the release of May’s hot inflation data, from $1.15 trillion to $913 billion as of Monday morning but since its November peak the figure has lost 70% - over two thirds of its value - according to Coinmarketcap.

Accustomed to delivering high returns for investors and growth to shareholders during the bull market, industry players are now yanking back capital with several major trading venues, including Robinhood, Gemini, Crypto.com, BlockFi, and Coinbase, announcing significant layoffs.

Then there’s Celsius.

The firm offers high-yielding interest accounts, often misconstrued as bank-level savings accounts, to retail investors. According to its website at the beginning of May, Celsius had 1.7 million users and held $12 billion in customer funds, the majority of which are retail.

For over a week, the firm has frozen its customer accounts to stabilize its operations. But the move has also made it more difficult for customers to meet margin requirements, like in Tipene’s case.

For Northern-California based Yevhenii Marchenko, he can’t access the $85,000 in Solana, Cardano and Chainlink crypto tokens locked in the platform. He’s been a customer since November when the crypto market peaked.

“Almost every YouTube crypto related channel was recommending Celsius and that’s why I thought it was safe,” he told Yahoo Finance, adding that he had more confidence in Celsius for being a U.S. based company. “It’s a really hard and depressing situation.”

Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration

Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration

Celsius also has offered little in the way of assurance of its financial health, causing customers and onlookers alike to speculate whether the firm is “risking insolvency,” which would put any additional collateral investors offer up in jeopardy.

Celsius has hired restructuring lawyers as well as bankers with Citigroup. Meanwhile, some of its customers are rallying around the cause to sue the firm.

“As unsecured creditors, we are basically at the back of the line in bankruptcy court,” Ben Armstrong, a crypto influencer and Celsius customer explained to Yahoo Finance. “We still probably won’t get more than $1 each, but at this point, for me, it's about holding Celsius accountable.”

Behind the content brand and company, Bitboy Crypto, which boasts over 3 million social media subscribers, Armstrong has promoted Celsius by running a paid affiliate program for the firm on its website as well as appearing as a guest on Celsius’ own podcast.

But as the value of crypto assets diminished over the last two weeks — Bitcoin down 29% for the month — Armstrong began threatening the company and its founder and CEO, Alex Mashinsky, over social media with a class-action lawsuit. According to Armstrong, currently $2 million to $3 million of Bitboy Crypto’s own money is stuck on the platform.

“I’m already considering that money gone. This is about standing up for all the people who watched my channel and trusted Celsius. They’re not going to be able to absorb a loss like I can,” Armstrong said, noting he has discussed possible scenarios with his lawyers. “This is about holding those people accountable for what they’ve done.”

A crypto currency ATM machine is pictured in a shop in Union City, New Jersey, U.S., May 19, 2021. REUTERS/Mike Segar

A crypto currency ATM machine is pictured in a shop in Union City, New Jersey, U.S., May 19, 2021. REUTERS/Mike Segar

While small investors may have a lower chance of getting their money back from Celsius in a bankruptcy scenario, there may be financial redemption in small claims court, according to Joshua Browder, CEO of DoNotPay, a so-called “robo-lawyer” which helps people file minor lawsuits using artificial intelligence.

The service, which is also backed by some of crypto’s biggest players such as venture giant Andressen Horowitz (a16z) and FTX Founder and CEO Sam Bankman-Fried, takes a fee for its service and, as of Monday morning, has received over 1,000 claims against Celsius in the past week.

Browder told Yahoo Finance if the crypto lender doesn’t declare bankruptcy in the next two months, small court claimants “can actually get their money back from [Celsius’] corporate bank account before everyone else.”

Even if Celsius goes bankrupt, Browder argued, the judgment for small claim lawsuits —$10,000 to $25,000 based on state regulations — take priority over other unsecured creditors.

“Unless Celsius shows up to your court case, investors will win by default. Bear in mind that Celsius is completely swamped right now,” Browder said. “I don’t think they’re going to be sending executives across the country to defend against a $10,000 lawsuit.”

A staunch supporter of the legal efforts, Tipene himself can’t file a small claims case in U.S. court because he lives in Australia. Instead, Tipene has given up on hope of seeing his remaining assets, even after his second loan liquidation, which he said he cannot meet in time.

“Bitcoin can drop to $10 and it wouldn’t bother me because I think it will go up again,” said. “It's these companies. They’re playing with people’s money and they shouldn’t get away with it.”
 

Voodoo

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RSX update. Got some paperwork in the mail.

bla bla bla "In addition, since March 4, 2022 Cboe BZX Exchange, Inc the funds listing exchange, has halted trading of shares of the fund. There can be no assurances that trading of the fund will resume." bla bla bla not meet it's objective. significante premiums or discounts of the fund's NAV and wider bid-ask spreads.

Does it add up the NAV? Should be really nice. If the commies ever relent or they come up with a work around.
 

Uglytruth

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Does it add up the NAV
No. It's so vague it makes one believe you own it and might have done well but might lose it all.
Would not surprise me to see investments in Russia confiscated as punishment for NOT supporting the ds.
That's OK. I'm sure europe will have those windmills cranked up by this winter. Heat will be by burning .gov buildings.
 

Lancers32

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It's alive.

FVvyTj6X0AIChne.jpg
 

Lancers32

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Does it add up the NAV? Should be really nice. If the commies ever relent or they come up with a work around.
You mean Russia goes back home? The way the West is playing this now leads me to believe Russia has no choice but to push on.
 

dpong

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All in on ca$h.
 

Uglytruth

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Russian Ruble Becomes World’s Best Performing Currency, Reaches Seven Year High Against Dollar Despite Sanctions​


June 21, 2022 | Sundance | 154 Comments
The New York Times reported this. There is a certain irony in the New York Times outlining the consequences of the U.S. led sanctions are essentially that western governments and NATO countries are essentially punishing themselves with continued sanctions against Russia. Then again, the WEF coalition doesn’t really seem to care as long as they can continue chasing their Build Back Better agenda.
Ruble-valuation-1.jpg

(Via New York Times) – The ruble cemented its unlikely status as the world’s best-performing currency, rising to new multiyear highs this week. Since collapsing in the weeks after Russia’s invasion of Ukraine, which triggered sweeping international sanctions aimed at crippling the Russian economy, the ruble has come roaring back.

On Tuesday, it traded at its strongest level against the U.S. dollar since June 2015. It has gained about 35 percent so far this year, beating every major currency, and has more than doubled from its post-invasion low.
[…] Higher earnings from oil and gas exports, which have surged as prices rise and demand in Asia makes up for cutbacks in Europe, have kept the ruble elevated. At the same time, Russian imports have fallen sharply, partly the result of many foreign companies pulling out of Russia, which also support the ruble. (read more)

Biden-Putin-Ukraine.jpg
Biden-Putin-Poll-1.jpg

“More Americans believe that it would be better for them for Biden to be removed (56 percent) than Putin (43 percent).” {Poll DATA}
 

Lancers32

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Uraniums don't hold around here it is goodbye Charlie.
 

Lancers32

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RTSI Russian stock index from under 800 to nearly 1400.
 

Lancers32

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Copper Fund.


CPER.png