Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Horgad who wrote (152126)	12/16/2019 8:13:05 AM
From: TobagoJack	2 Recommendations Recommended By ggersh Horgad Respond to of 218822

If helpful, closer today than was yesterday

To: Horgad who wrote (152126)	12/16/2019 12:12:14 PM
From: TobagoJack	Respond to of 218822

This below might be rehearsal ... bloomberg.com New Zealand Stock Exchange Halts Most Trading Until Tuesday Matthew Brockett December 16, 2019, 11:50 AM GMT+8 The New Zealand Stock Exchange in Wellington, New Zealand Photographer: Cassie Spencer/Moment Mobile ED LISTEN TO ARTICLE New Zealand stock exchange operator NZX halted all trading and said most platforms won’t resume until Tuesday’s open after traders experienced connectivity issues. “Following today’s network connectivity issue and consultation with cash market trading participants, NZX has determined not to reopen the cash markets for trading today,” the company said Monday afternoon in Wellington. “The cash markets will open to a normal trading timetable tomorrow.” NZX halted trading on its main board and debt markets at about 4:10 p.m. local time today -- 50 minutes before the scheduled close -- citing connectivity issues. It said its vendor has identified the root cause of the problem but didn’t give any further details. NZX’s derivatives market was also shut but may reopen later Monday. (Updates with re-opening planned for Tuesday) Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: Horgad who wrote (152126)	12/16/2019 6:57:12 PM
From: TobagoJack	Respond to of 218822

Re speculation and scams, as indicative of fiat money printing ... bloomberg.com Chinese Crypto Scam Unwind Suggests Bitcoin Risks Extending Drop Zheping HuangDecember 16, 2019, 10:00 PM GMT+8 Bitcoin may have a tough time getting out from under the fallout from one of the biggest cryptocurrency scams ever, according to researcher Chainalysis Inc. The largest cryptocurrency is likely to remain under pressure as perpetrators of the estimated more than $2 billion PlusToken scandal dump coins to cash out, the New York-based firm said Monday in the wake of a five-month investigation that continues to track the tokens as they filter through various blockchain ledgers. Bitcoin has tumbled almost 50% from its 2019 peak in late June, when Chinese authorities arrested multiple suspects in the pyramidscheme that promised returns as high as 600% and guaranteed that investors would be rewarded for inviting new members. Since that time, market observers have often pointed to possible sales tied to PlusToken suspects not in custody as one of many reasons for price declines. Chainalysis estimates that PlusToken conspirators have sold about 25,000 Bitcoins and another 20,000 Bitcoins are spread out across more than 8,700 anonymous crypto addresses. Additional coins such as Ether were also used to bilk investors. “That’s certainly something to consider when you are thinking about where the price is going, at least in the short term,” Kim Grauer, senior economist at Chainalysis said in a phone interview. “It could be, according to our research, continued downward pressure.” While the transparency of the decentralized ledger technology that powers cryptocurrencies makes it easier to monitor transactions, criminals still take advantage of the anonymous nature of the accounts to mask movements. Many of the transactions were conducted through so-called mixers such as Wasabi Wallet that offer coin shuffling services that make it almost impossible to identify the user, the researcher said. Chainalysis suspects that over-the-counter trading desks that deal directly with individuals outside of exchanges are helping to launder the proceeds and cycling the coins through exchanges in China such as Huobi. Bitcoin slumped as much as 5.7% to $6,831 in New York trading, dropping below $7,000 for the first time since Nov. 27. (Updates price in the last paragraph.)

To: Horgad who wrote (152126)

12/17/2019 3:38:40 AM

From: TobagoJack

Read Replies (1) | Respond to of 218822

speaking of speculation as opposed to scam ... amazing ... intending to short Pd at higher ledge ...

shall look at suitably increasing weighting of SBGL in order of battle Message 32464371

I get that supply increase is out of the equation, and that demand destruction might be as well, until the lurch to Pt

Given so, if so, then SBGL is a must even as one ramps up the short against Pd over time

We are in campaign mode

Key take-away, “So, it could continue to move higher from here, though perhaps with more volatility.”

bloomberg.com

Palladium Takes Out $2,000 as BMO Says This Time Looks Different

Ranjeetha Pakiam

Sometimes the usual rules may not apply.

Palladium smashed through $2,000 an ounce to a record as the metal extended a powerful annual advance driven by a sustained global deficit, with market watchers saying the shortfall will be extremely hard to fill.

“In most cases, the cure for high prices is high prices, but not for palladium,” Tai Wong at BMO Capital Markets, said before the $2,000 level was taken out. That refers to the notion in raw materials that a rally induces fresh output, triggering the conditions that then roll back the advance.

Palladium has surged to unprecedented levels in 2019 as tighter emissions rules spurred demand for the metal used in autocatalysts, while supply hasn’t yet been able to respond. Citigroup Inc. forecasts the move upward now has the potential to see prices gain to $2,500 in the first half of next year. Power outages in major producer South Africa have hurt mine operations this month, fueling gains.

“There doesn’t seem to be any new, ready supply at any reasonable price,” Wong said. “So, it could continue to move higher from here, though perhaps with more volatility.”

Spot palladium climbed as much as 1.1% to $2,000.35 an ounce, before trading at $1,990.50 at 8:02 a.m. in London. Prices are 58% higher this year, set to close out a seventh quarterly increase.

Read more:

Palladium Is Now More Expensive Than Gold Has Ever Been Palladium’s Up 50% in ‘19 and Citi Says Rally Still Has Legs Why Palladium Is Suddenly a More Precious Metal: QuickTake Palladium Bulls Shrug Off Growth Concerns in Bet on Records

Many raw materials gained this week after the breakthrough between the U.S. and China to forge an initial trade agreement, bolstering prospects for global economic growth and auto demand.