Prognightmare said:

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oldarmy1 said:

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This is completely unverifed at this point but some other big investors are getting rumblings of a globalist push towards establishing a new benchmark away from the dollar.

Obviously this is something long desired by most foreign countries because the dollar forces them into a somewhat subserviant position.

Simply put their dissatisfaction exists around monetary policy whereby when they buy something it costs them that dollar. Meanwhile our government simply prints another $1B in $100 bills and increases our debt.

It's long been established that should the ferris wheel stop, where buying our debt would no longer be a safe transaction, then the ensuing ripple effect would be disastrous.

Let's say the IMF votes to move on this, establishing a global value based instrument. Suddenly who funds our Social Security and hundreds of other services? What would happen to inflation, home valuations, etc.

The dollar would become no different than any other foreign currency. Try spending a peso in the U.S. You can spend all the dollars you want in Mexico currently. What if that changed?

Again, I'm only hearing speculation and of course the majority of that is tied to globalist hating Trump's focus on the U.S., at the globalist expense. Therefore I could certainly see the above scenario at least receiving a trial balloon.

So I am buying gold leaps on a number of stocks, simply as a backstop. I'm doing this now for a number of reasons but the biggest one is that gold stocks have been crushed and are trading near lows.

Also, most talking heads are calling for gold to sell off lower. I like buying into that unified consensus with leaps, at these prices.

I'll out a list of gold stocks I'm considering and I might create a spread across all of them.

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This also applies to stock upgrades at highs and downgrades at lows.

Also, my parents would like to buy actual gold but I know there are several outfits out there that charge way too much commission. Who do you recommend I have them look into?

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spence10 said:

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Thoughts on AMD right now, OA?

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oldarmy1 said:

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NIO stair-stepped diwn to $7.85. 1st support attempt in play now. $8 becomes resistance now.

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Jizzle89 said:

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When was that?

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tailgatetimer10 said:

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Oil making a hell of a move this last month, I do worry about politics stepping in

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UpstateAg said:

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CHK working hard

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IrishTxAggie said:

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tailgatetimer10 said:

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Oil making a hell of a move this last month, I do worry about politics stepping in

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Saudis and Russians aren't budging on increasing production. I think give it a little time and the rest of OPEC will begin their cheating ways.

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Joseph Parrish said:

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IrishTxAggie said:

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tailgatetimer10 said:

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Oil making a hell of a move this last month, I do worry about politics stepping in

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Saudis and Russians aren't budging on increasing production. I think give it a little time and the rest of OPEC will begin their cheating ways.

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OPEC's not the dominate force they used to be. I do think they like oil prices much better where they are today, but there will always be countries that produce more than they forecast because they want the dollars.

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leoj said:

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SQ up 3% pm

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oldarmy1 said:

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leoj said:

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SQ up 3% pm

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Our options will be rocking.

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oldarmy1 said:

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Well ABX is one of my Gold stocks I was listing but the merger sent it up before I could get list posted.

GG, CDE, GLD, RGLD & DGL. A matrix of ETF and stocks. I own ABX and RGLD so I'll take positions on these others over next 30 days. Also, I'll likely opt for in the money calls on the lower priced CDE. I want it to have a move lower today so the Jan & March $5 calls drop for entry.

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Prognightmare said:

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MCHP cut this morning to market perform from out perform at Raymond James. It's near it's low.

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gougler08 said:

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Prognightmare said:

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MCHP cut this morning to market perform from out perform at Raymond James. It's near it's low.

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Opens at 3+% down

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