Member Info for 1onic

https://dealbreaker.com/2019/03/lyft-ipo-you-are-all-diseased

I caught it at 81.00 on the way back down a couple of hours ago, couldn't get a quote before, finished around 78.00 so going ok so far :-)

Thank you kenny

25bn ipo valuation for a taxi company that's never made a profit and lost 1bn last year...only in the US could this madness happen ;-)

Morning all

Nothing trumps a nasty cases of the MACDs

I'm sure you all know how this nonsense works but.....

Gold was smacked $22 from top to bottom overnight and this morning. It was a classic paper derivative raid on the gold price, which was implemented after the large physical gold buyers in the eastern hemisphere had closed shop for the day. This is what it looks like visually:

As you can see, as each key physical gold trading/delivery market closes, the price of gold is taken lower. The coup de grace occurs when the Comex gold pit opens. The Comex is a pure paper market, as very little physical gold is ever removed from the vaults and the paper derivative open interest far exceeds the amount gold that is reported to be held in the Comex vaults (note: the warehouse reports compiled by the banks that control the Comex are never independently audited).

Today is first notice day for April gold contracts. Any account with a long position that does not intend to take delivery naturally sells its long position in April contracts. Any account not funded to accommodate a delivery is liquidated by 5 p.m. the day before first notice. This dynamic contributes to the ease with which a paper raid on the gold price can be successfully implemented.

In all probability the price of gold (June gold basis) will likely not stay below $1300 for long. China’s demand has been picking up and India’s importation of gold is running quite heavy for this time of the year. Soon India will be entering a seasonal festival period and gold imports will increase even more. Today’s price hit will likely stimulate more buying from India on Friday.

- Dave Kranzler

RSI matey.

Techs IH, always techs. But seriously folks. Been cycling on the 4hr since February, hit 70, sell off....no mystery ;-)

Bit of a holding pattern I suppose

https://ibb.co/bNpTznJ

Has the M board gone to 'subscription only' already ;-) very quiet.

I'll make the broad assumption that anyone buying gold stocks at the moment is broadly bearish about the terrifying bubble of everything overinflated on irresponsible CB policy. This is the article, sound and transcript that brings up interesting empirical conundrums behind share buy back but Imo the whole thing is worth listening to/reading.

read:https://seekingalpha.com/article/4230188-david-collum-everything-mattered-2018

YAWN markets

mrt, apposite post this morning re JPM, looks like a big paper dump on gold today.

Agreed

Cowichan, I appreciate investors always want to see sp appreciation but I don't believe share buybacks deliver value. At best they're a short term blip former. There's an interesting article about this from the beginning of the year. I'll try and dig it out to bore everyone with. Regards

Story of Triumph

Wass,equally could be admin and wipe out.......lot of risk if a during trading hours RNS drops

Mick, the compression is playing out and today the top and bottom prices matched the resistance and support. Unfortunately with this pattern convention suggests the direction of breakout is only confirmed on breakout. All other things being equal I'm not expecting anything too dramatic, it's a fairly gentle trend.

From my Johnny come lately, relatively short term perspective I'm looking for a technical breakout tomorrow or Thursday, fingers crossed.

Rather suspect it's 2.0 because of the high possibility of zero value being left for equity holders.

Nae bovs. I don't post much so if you go back a couple pages in my history it shows how I arrived at the TA here (post on TECA usually)

Unless we've got a seriously distressed seller would hope the macro gives at least a little boost here tomorrow

ATB