Executive Salad
543 posts


@JulesJules_L I cover ETF's to give an overall perspective in equities. Breakout signals are focused on single equities. Chart pattern statistics are compiled from single equity breakouts. You can easily add the 3% breakout confirmation and act on the breakout.
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@OzStomper @Kipsleyanne Let the market decide if nuclear is viable or not.
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@Kipsleyanne Fun fact nuclear energy is isgnificantly more expensive than renewables supported by domestic LNG...... Australia should have the lowest power prices in the world with that combination. All it needs is a gas reservation policy priced accordingly!!
Sydney, New South Wales 🇦🇺 English

@vtchakarova It’s missing the bottom half of the chart.
At least repost charts that show the whole story
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Certainly it’s nothing
Hedgeye@Hedgeye
🇺🇸 U.S. strategic oil reserve hits lowest level since 1983
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@OzStomper @HDealla Yeah the current gov is certainly acting in our interests
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I’m an immigrant woman business owner who’s been in Australia since 10 yrs old.
I got citizenship after being here 25 yrs.
I got it for 2 reasons.
1) I am an Aussie.
2) I wanted to vote for One Nation.
I’ve been here 38 yrs next month.
I haven’t been back to my birthplace for 35 yrs.
I’m still voting One Nation.
How about you?

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@TMFScottP Aus is the third biggest fossil fuel exporter in the world.
And yet labor gaslights the whole country claiming to care about net zero.
Crippling the country in the process.
We’re not doing anything for the environment.
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@calvinfroedge @LordPos3idon You have been a broken record for months now. Just trade the market, not what you think the market should be doing
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@LordPos3idon I'm investing in oil because we're getting the fastest inventory drawdowns in history and everything else is noise
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@AvidCommentator Absolute rubbish.
Their properties will be grandfathered
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Non paywalled article
'Mum-and-dad investors say tax grab forces them to hike tenant rents'
news.com.au/finance/real-e…
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@panpalobar Why is the $71 low on April 29 not a higher low?
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#gold #silver #preciousmetals
"It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!"
Quick Note>
1. There is NO pattern of "higher HIGHs, higher LOWs" in silver yet. These are NOT true highs and lows; that is why these same calls in February (and in the past) have failed.
2. The $95.56 level that I noted in February kept us on the safe side. Silver failed to close > that level and declined 37%. Above $95.56, the bulls are in control. Below $75, the bears will be in control.
3. My original idea was that the decline in gold and silver would most likely conclude by April. My max decline for gold was $4150-$4200 (spot). So far, this has been accurate.
4. The short-term situation in gold can be best described imo as "a lack of interest". (in terms of positioning).
5. In late February, I drew your attention to the Feb 17 low. Notice where the recent bounce was rejected. The high came exactly on April 17 (key date).
6. Gold has been forming "Lower highs and lower lows". The big boys are surely watching this. Under $4649, it gets into a tricky position. If we break the May low, it will attract speculative short positions.
CONCLUSION
In my opinion, the consolidation/correction is not over yet. A retest of the recent lows is still possible. I could be wrong (I have been wrong many times), but I think ~$3800s (gold) and $54 (silver) are still on the table.
This is a healthy correction after the massive moves we saw.
Long-term, much higher.

Palobar@panpalobar
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@calvinfroedge @WallStreetMav the question was about Gold, not miners
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@WallStreetMav "We're not interested in things that don't cash flow"
My sister in Christ, you're buying tech at the lowest cash flows of all time and miners are generating their highest FCF ever
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Before you post about the internet boom as being different because companies weren't making money. Could you please look at
Telcos
Hardware
Software (msft)
Databases
Switches
Semiconductors
Storage
And even fiber manufactures
These companies were the biggest in market cap in 1995 and made bank in 1995 and made 4-10x 1995 bank in 2000. Really huge companies making real bank.
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Based on the last week and parabolic moves of the past 48 hours ill say it now We are now in a bubble specifically a bubble in picks and shovels akin to the bubble in fiber and chips in 2000 or residential real estate in 2007.
Like those periods the bubble in the specifics also dragged all stocks up and the bubble popping drove all stocks down
Unlike George Soros who says when you identify a bubble you jump in long I am not George Soros and think he identifies it way earlier than me. So I am not going to join his protege and buy into the bubble.
I speak from my experience in the 1987 LBO bubble, the Tech bubble, the housing bubble and the bond bubble. I could be wrong but feel it necessary to share my views. I don’t use the term lightly. I have specifically said we are not in a bubble until today.
My options are to fade it or stay out of its way. I have some small risk remaining as my puts have fallen rapidly but I have NO intent of fading this in any more size. Happy to short down 5 or even 10% on the other side of the peak. Lots of opportunity in non equity macro today. But over the past week this has gone into territory I have no edge in capturing. IT will end very very badly but when and from where is unknown. But it will end with SPX below 6000 and NDX below 20,000 and Semiconductors at half of current spot. But that could be a wild and longer path than I can predict.
GIF
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@juliewdesign_ Really nice work!
How many images were involved in this?
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