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

To: Dr. Voodoo who wrote (155256)	3/25/2020 4:34:35 PM
From: sense	Respond to of 218002

Also... converts $0.20 into $0.44 in two days:

To: Dr. Voodoo who wrote (155256)	3/25/2020 4:41:52 PM
From: TobagoJack	1 Recommendation Recommended By Dr. Voodoo Read Replies (1) \| Respond to of 218002

I was on conference call at 9:30pm Cape Town time (3:30pm NYC), with folks in France and San Francisco. During the call sensed that the world is not well, worse than i gave debit for, and that TSLA, newly bouncing, needed to be short. My wife interrupted the meeting informing me that we are stuck in Cape Town - I was okay w/ the news, as I am somewhat indifferent to HK ocean view and Cape Town ocean view. All international flights are cancelled to and from Cape Town by edict. Wife shall confirm in the morning. Very interesting. The TSLA stock closed at 539.25. I asked less than the bid in the after-hours market and could not get the trade done even at 137 when the indicated bid was 138 real time. IOW, the bid price is an alt-bid price. The market is broken, and tomorrow might be a bad day. In the meantime I did manage to realize profit before the start of the call.

To: Dr. Voodoo who wrote (155256)

3/25/2020 11:57:30 PM

From: TobagoJack

2 Recommendations

Recommended By
Dr. Voodoo
marcher

Respond to of 218002

Up, and alert. The after-market bid-price of TSLA was 538 and I asked to short at 537 (as opposed to 138 and 137, respectively) Message 32632906

First thing just now, at 5:30am, I off-loaded paper gold in HK. Depending on what happens, may short HK paper gold and off-load same or remain true in London.

Below Bloomberg article did not scare me. The Indian situation does, for it may liberate long-held gold due to imperative for eating. ‘They’ are not going to ban the sale of gold, even as they would short selling of stocks.

bloomberg.com

Gold Declines a Second Day as Investors Weigh Squeeze, Stimulus

Ranjeetha Pakiam
March 26, 2020, 4:11 AM GMT+2

Gold dropped for a second day as concerns over the threat of a trading squeeze eased and investors digested the text of the U.S. stimulus bill.

Bullion had a fraught start to the week as logistical disruptions caused by the coronavirus pandemic led to a divergence of prices in New York and London, with traders worried about getting supply, although there are signs that the peak tightness may have eased for now.

Late on Tuesday, CME Group said it would rush the launch of a new gold futures contract under which 400-ounce bars would also be deliverable. The move offers a way to address the squeeze, if holders of Comex futures are willing to exchange for the new contract.

“Spreads are looking much better today,” Stephen Innes, chief global market strategist at AxiCorp Ltd., said in a note. “Lower spreads are always welcome in any market, especially in gold, when physical is especially tight with refiners shut down around the world.”

Gold’s been in the spotlight as the pandemic draws attention to the metal’s role as a haven in times of crisis, and how it’s become harder to trade between global markets as flights are grounded and refineries temporarily close.

Bullion investors are also weighing plans for massive stimulus worldwide, including unprecedented moves by the Federal Reserve to backstop large swaths of the financial system through unlimited quantitative easing. Goldman Sachs Group Inc. said gold’s probably at an inflection point and it is time to buy.

Meanwhile, Senate negotiators circulated what was labelled a final draft of the negotiated agreement, although the text may still not be the final deal, following intense talks on the $2 trillion aid package of spending and tax breaks.

Spot gold fell 0.8% to $1,604.14 an ounce at 9.56 a.m. in Singapore, after dropping 0.9% on Wednesday. It surged 5.1% on Tuesday, the most in more than a decade. The Bloomberg Dollar Spot Index was flat after setting a new record on Monday.

Among the other main precious metals, silver declined 1.9% and platinum retreated 1.6%. Palladium was steady after a 21% jump on Wednesday, the most since 1997, as the prospect of mine shutdowns in South Africa raised concerns of a widening global deficit.

Read more:

World’s Rich ‘Desperate’ for Gold With Metal in Short Supply Russian Lender Sees Gold Exports Slowing on Coronavirus Deaths Top 20,000; Tokyo Residents to Stay Inside: Virus Update