Credit deflation and the reflation cycle to come (part 3)

[Majorpain]

1 hour ago, ThoughtCriminal said:

 

Special Administration = De facto nationalised.

 

100% Renewable, Green washing company.

🙊🙊🙊

There mission was to reduce "members" carbon dioxide emissions by supplying them with green or renewable energy (Ignore the gas??!! ).  Its a good thing its wasn't making a profit because despite doubling turnover to £1.5bn they still managed to lose £63m in the year.  

The directors were actually only on relatively frugal £113k each, less than the peoples energy shysters!

[HousePriceMania]

 

[HousePriceMania]

5 hours ago, Loki said:

Anyone got the balls to cost average down?

You need balls of steel in this game

 

Mine are plastic though.

 

[CannonFodder]

19 minutes ago, HousePriceMania said:

You need balls of steel in this game

 

Mine are plastic though.

 

I,ve made a small sized fortune on HOC today ....

My starting point was a medium sized fortune

[Errol]

Lol at gold falling on Powell news. Powell is a lunatic. Gold should rise!

Clear cartel/central bank action.

[CannonFodder]

4 minutes ago, Errol said:

Lol at gold falling on Powell news. Powell is a lunatic. Gold should rise!

Clear cartel/central bank action.

I personally feel Brainard was more of a loon, hence the falling.

PLUS if it all goes wrong, it was a Trump appointee

[Errol]

 

[DurhamBorn]

1 hour ago, Majorpain said:

There mission was to reduce "members" carbon dioxide emissions by supplying them with green or renewable energy (Ignore the gas??!! ).  Its a good thing its wasn't making a profit because despite doubling turnover to £1.5bn they still managed to lose £63m in the year.  

The directors were actually only on relatively frugal £113k each, less than the peoples energy shysters!

Its incredible how poor out MPs are for not seeing the dislocation in the energy market.All these companies simply took capital away from real energy companies who simply couldnt invest and instead had to slash to survive.All those costs now foisted onto all bill payers.People using these firms should lose their credit balances,after all they chose to pay slightly less for a dodgy company.

I had to phone the Drs surgery today to get my sick note extended  it took 55 minutes to get through 19 in line.Thats just the reception.The country is paying the highest tax ever for the worst services ever.If you actually want to see a Dr its weeks.Money making racket now nothing more.

I dont think we will see systemic collapse this cycle,but its not out of the question.The state now seems to tax at huge levels,but offer no services in return.

 

[DurhamBorn]

9 minutes ago, Errol said:

 

Nodody else wants the risk of unhedged supply so refusing these customers.

[janch]

6 hours ago, Loki said:

You are not alone mate, invested £1,110.54, now worth 427.68.

Me too and I don't think I will risk any more although it did work with AAL and I manged to get out with a very small profit.

I'm keeping an eye on it though as I think @Majorpaincould be right and people have panicked when maybe it was all bluster from the Peruvian government.

[Hancock]

22 minutes ago, Cattle Prod said:

Probably made up, but a nice story

But you can legislate the asset owning middle class and the rich into prosperity, its what out govt has been doing since its inception, legislation that has seemingly been on steroids for the last 25 years.

I do wish they would apply this logic to that breed instead of inferring its the scruffy working class who are looking for a free handout on the back of others.

Deregulate planning laws and we'll then see who the real scrounging bastards that are incapable of creating real wealth actually are. 

[Lightscribe]

I sold up in May due the political danger, this video at the time was posted on here IIRC.

Like others have said, I think it may just prove to be a strong arm bargaining chip, as mining takes up 60% of exports for Peru.

I was too slow to get in at the 70 mark this morning, I think it’ll have another downturn for tomorrow market open. I’ll put in a limit buy order at 90.

[MrXxxx]

1 minute ago, Lightscribe said:

I sold up in May due the political danger, this video at the time was posted on here IIRC.

Like others have said, I think it may just prove to be a strong arm bargaining chip, as mining takes up 60% of exports for Peru.

I was too slow to get in at the 70 mark this morning, I think it’ll have another downturn for tomorrow market open. I’ll put in a limit buy order at 90.

I got through with a price of 77 but baulked at the last minute as I didn't know the details of why they had dropped...now knowing the issue I don't believe it's one that cannot be overcome, and is simply the government posturing/'softening up' the PLC's for their planned tax increases i.e come on strong so that when they make them their offer they think they have got off lightly. What is interesting is that it didn't affect other miners that are have broader product/geographical locations i.e. AAL, so suggests this is why HOC got 'hammered' due to them being so reliant Peruvian mines for 70% their turnover.

[HousePriceMania]

Every cloud....my free skis, thanks to Rivian,  arrived today.

 

Market Summary > Rivian Automotive Inc

108.57 USD−20.03 (15.58%)today

NASDAQ: RIVN

[Chewing Grass]

1 minute ago, HousePriceMania said:

Every cloud....my free skis, thanks to Rivian,  arrived today.

 

Market Summary > Rivian Automotive Inc

108.57 USD−20.03 (15.58%)today

NASDAQ: RIVN

In the 1960s it was gas-turbine cars with fins.

Once this lot are finished most people won't be able to afford a trabant.

[HousePriceMania]

I've finally got my margin account approved by Interactive brokers, I had to do a questionnaire they had sent me  on the internal mail system.  Once I proved I was a big boy and could add up they approved my account.

I've opened up a short position on Rightmove ( given the figures I see on property lion I'd be a fool not to ).  If I profit from this I will smile for years to come.

The margin account has let me lever up around 3.5% not that I would do that but it's interesting to see and quite frightening.

 

 

[Democorruptcy]

Latest Hussman downdate, he's not feeling happy but it's not a market call.

Quote

 

Here and now, market conditions are characterized by:

1. The most extreme valuations in U.S. history, on the measures we find best-correlated with actual subsequent market returns over the past century, and even in recent decades, coupled with lopsided bullish sentiment and historic levels of margin leverage;
2. Deterioration and divergence across measures of market internals that we believe to be reliable gauges of investor psychology toward speculation versus risk-aversion;
3. The largest preponderance of overextended syndromes – typically associated with intermediate or cyclical market peaks – that we’ve ever observed in history.

Not a forecast. Not a “limit.” Not a market call. Just sharing what we’re seeing.

Still, it’s fair to add that we’ve never seen such a thing.

https://www.hussmanfunds.com/comment/mc211120/

 

 

[sancho panza]

@jamtomorrow and to any  other of the techy knowledgable types.

Apparently,there's some ETF lsited int eh US that tracks or invests in bitcvoin

I'm not really interested in buying crypto as I sjtu don't understand anything about it.However,I'm willing to have a look at some otpions trades on the ETF if they're avalaible.This ETF will allow some really inexperienced people to invest in crypto(not dissimialr to myself) and could create a real blow off top of retail money.

Dyor natch

 

Thanks if anyone can help.

[Majorpain]

1 hour ago, janch said:

Me too and I don't think I will risk any more although it did work with AAL and I manged to get out with a very small profit.

I'm keeping an eye on it though as I think @Majorpaincould be right and people have panicked when maybe it was all bluster from the Peruvian government.

Its something to really keep an eye on IMO, there are some unhappy people in the local area.  But tensions between locals and mines is something that occurs literally everywhere so its not new.

What is certain is a load of small people panic sold and got fleeced today, I know because I was one of the ones doing the fleecing #sorrynotsorry.

 

[Harley]

52 minutes ago, Democorruptcy said:

Latest Hussman downdate, he's not feeling happy but it's not a market call.

 

Plenty of podcasts this week mentioning we're topping with a material downside due.  Just talk of course.  Follow your data....

[BurntBread]

8 hours ago, Loki said:

Anyone got the balls to cost average down?

Fellow sufferer here with the "Paddington Bear share". I had a look at it a while ago, with an eye to doubling down, as it was showing red. I then realised that I shouldn't have bought it in the first place, as P/E was very high. Now, of course, "E" is a matter of speculation.

I'm going to hold (as always), but not add. Hopefully some of it comes back; if not, it won't bankrupt me. In sowing a portfolio, I guess some of the seeds are going to fall on stony ground, spring up, only to wither in a bad jurisdiction. Some will fall along the path, and be gobbled up by private equity; and some will be choked by Greta. The hope of course is that some fall on good ground ...

[nirvana]

[Axeman123]

24 minutes ago, Harley said:

Plenty of podcasts this week mentioning we're topping with a material downside due.  Just talk of course.  Follow your data....

I can't shake the feeling that isn't sentiment you see right at a top. I could see one last FOMO spike first, to get everyone drunk, before the rug pull.

Not that I know much of course.

[Loki]

Just an energy observation - it's a still Monday evening, not particularly cold.

Gridwatch shows consumption just nudging amber, at 45.50GW

CCGT 21.51GW
Nuclear 5.63GW
Wind 6.29GW
Coal 2.65GW
Pumped 2.04GW
 

[Underwhelmed]

1 hour ago, sancho panza said:

@jamtomorrow and to any  other of the techy knowledgable types.

Apparently,there's some ETF lsited int eh US that tracks or invests in bitcvoin

I'm not really interested in buying crypto as I sjtu don't understand anything about it.However,I'm willing to have a look at some otpions trades on the ETF if they're avalaible.This ETF will allow some really inexperienced people to invest in crypto(not dissimialr to myself) and could create a real blow off top of retail money.

Dyor natch

 

Thanks if anyone can help.

i dont believe you can anymore, FCA in their infinite wisdom banned it for UK retail.