#Silver hasn't looked too good since Kevin Warsh's first FOMC meeting and press conference as Fed chair. It lost its 200 day moving average, and it appears to be headed to the bottom of its falling wedge formation (double bottom?).
But there's a glimmer of hope there, in the form of the SILJ to Silver ratio breaking out. If silver miners are outperforming their underlying commodity, this means that industry professionals are not impressed by the current price decline and don't think it has any legs.
No matter what Warsh had to say, the federal government is too indebted for the Fed to raise rates. Inflation is heating up again, and the Fed can't fight it. If people on Wall Street understood what this means they would be buying silver rather than selling it.
If SpaceX with $18b revenue can open at $1.77T market cap
Gamestop with $4.5B revenue can be worth $450 Billion
Or #bbbyq 3rd party settlement could be $100 Billion
Make shit up.
@jake2b@RockSol1d_ Subscribed. Although I’ve probably heard all of them. Will be good at some point to look back at them and share with family and friends.
yay! I've uploaded my $BBBYQ video series to YouTube.
the channel link is: https://t.co/ruTmd3s1UR and here is a playlist link for all of the videos: https://t.co/TxntfXOndz
I hope they are still helpful and I'll be adding more videos soon. I appreciate everyone's kind words and support plus the naysayers for the good laughs!
Ryan Cohen has been silent on X this week after posting the surprise early GameStop earnings on X
The 425s have stopped, I expect a strategic 13D to be filed Friday or Monday post market as $GME increase their exposure to $EBAY
13 days to the eBay annual owners meeting 👀