2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 380.06

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4:00 PM EST

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To: TobagoJack who wrote (168931)	2/25/2021 8:32:04 PM
From: sense	Read Replies (1) of 218012

OMP +8% UVXY +23% SRTY +11% One of those I didn't call: LUG.TO +5% Am noting a couple other things worth seeing on a bad day in the market... A relevance in the sort based on ROE, perhaps... as I cycle through charts on a list organized that way... I see a trend or two emerge in the price moves. Some is explicable as "diamond hands" shareholders in particular issues altering specific stocks performance relative to the market. But, the trend is pretty clear in a divergence right at the 0 limit in the ROE. Stocks above the limit might have had a bad day... if a less bad day for silver shares than others... and those above 0 having a less bad day (more in the extremes than the averages) than those below... but stocks above the limit show a stronger tendency to rise again, in after hours trading... while stocks below it tend to fall even more in the after hours, including some falling more after the close than during the trading day. Another issue I ran into... still not quite sure what to make of. Found it first as a news item I intended to address here as "the right way to think about alternative energy" in a proper application... Gold Fields Granted Approval for 40 MW Solar Plant at South Deep That aspect is not the source of my uncertainty. Solar makes solid sense for overlapping reasons when used at a mine site. For one, it enables power where there might not be any otherwise... as an off the grid solution... or, as here, in response to unpredictable grid supply being an issue. But, it also makes business sense for miners to pay more for power that has better features... including both a less variable quality reducing costs, and the independence from externally imposed issues paired with a predictability in price... so that a higher but predictable price doesn't constantly jerk the rest of the business around between a power based cash flow problem in paying the bills, and trying to manage everything else based on changing power costs. Freedom from problems others impose on you has value... and that freedom isn't free. It makes more sense to pay for that freedom when interest rates and inflation are low... since the interest rate sticks... and inflation will make your power independence get cheaper over time... as the alternative gets more expensive. But, while winding up for that pitch... I noted that in Johannesburg... the mining stocks all had strong performances... up on the day. And the least of those was Gold Fields. Chatting about it with a friend... a seven hour difference with New York... trading hours in Johannesburg 9 AM to 5 PM... trading hours in New York 9:30 AM to 4 PM... lazy bastards. But, ignoring pre-market trading, that still means the close in Jtown is 10 AM in New York. A half hour in overlap in trading... so trading is continuous. There isn't any coincident divergence to exploit in any arbitrage. But, there clearly was a difference in sentiment... between New York and Johannesburg... which wore off the moment Johannesburg closed. New York trading twice the volume in shares as trade in Johannesburg seems about right... What does that mean ?

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