Home Forums Hunting & Shooting Hunter's Campfire Stock Market Futures for Monday

Been looking at some charts and the indexes are getting within a few points of their 200 week moving averages which is big time long term support. For instance SPY is at 367 and the 200 week is a 349, qqq is at 271 and the 200 week is at 263.

I betcha the Al Gore Rhythms start buying there and kick off a rally when they hit the 200 week if not a bit before. Its either going to be the end of the bear market or a significant rally that will sucker the longs back in before the next leg down of the bear. Either way I don't think they will knife through it too far on the first try.

I expect its going to be the latter but there is no way to know until after the fact. If the averages start living below that line, financial hell is probably coming to town.

Going to start sending 4% back into the market for each 1000 points it drops from here on out. Hope it turns out to be a good plan 10 years from now.

Put in a limit order on AQMS

They announced they are harvesting cobalt from spent lithium batteries..

I think this deal could B 4 real

Quad witching tomorrow. Will be a ton of volatility.

Fiat currency collapse is coming. You need 10% in physical gold and silver. It's on sale NOW. don't wait until, 2% of the people start buying, it will be too late.

Long-term we average about 2.5% of savings in PM. Currently closer to 0.5%. Everyone chasing "returns" with equities pumped up by QE.

When we return to mean on the % in PM, the demand will be very impactful on the street price (who cares about the Comex?).

Bought the last 12 ounces of Gold I needed to hit my target, on this last dip. Might be early, but I'd rather be 3 months (or even 3 years!) early than one day late.

Already have enough silver for 20 years of subsistence.

You can never cover too many bases with the idiots we have in power.

It's a beautiful thing. When that old schmatta finally gets wrung out, we'll see what's still standing..

Like Cash said..

HARD COMMODITIES... PHYSICALLY HELD!

Housing starts down 14%.

When do we start buying 2x4's? $4? $3.50? $2.75?

I’m watching it closely. I’m about to start a large barndominium project on the place I bought in Mississippi.

I’ve contracted with a gentleman and his 2 sons to tear down and salvage the old home place there with him getting 1/2 of the lumber and all of the metal roofing. It’s a large home on pier and beam.

Closed at $130 and change

Sounds like a great place to rendezvous.

Keep us posted.

Bingo.

Congressional lawmakers now formulating a plan to raise social security by 2400$/year “to help with inflation costs”.

Bloomberg

$2,400 a year will cover the mortgage on your barndominium?

Hell, I'll take their (my) money..

Plan will extend ss system’s solvency by 75 yrs by taxing those making over 200k$/yr and recalculating COLA using CPI based on elderly people’s spending habits.

Sponsors are Sanders in the Senate with a replica of the same in the House by deFazio.

No comments on Medicare.

Yahoo Finance

Your money is long gone. This is my grandkids money they are spending now.

1) About 49 percent of the population lived in a household where at least one member received a direct benefit from the federal government.

2) The number of households receiving government benefits has steadily risen over time, particularly after the financial crisis.

3) Three-quarters of entitlement benefits written into law in the United States go toward the elderly or disabled.

4) 60 percent of Americans were receiving more in government benefits than they paid in taxes.

"There are 47 percent of the people who will vote for the president no matter what," "All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it."

Mitt Romney, 2011

Above was 30 seconds of Google Fu. "What % of Americans receive money from from government?"

https://www.washingtonpost.com/news...om-the-federal-government-in-six-charts/

That was 11 years ago... before the bologna virus and free money for everyone.

EVERYONE gets free money now... EVERYONE...

Now get your ass to work... I needs yo mo'ney!