Sunday, January 31, 2021

What Will Tomorrow Bring? A Short Sunday Sermon


What will tomorrow bring? Will $GME (Gamestop) go to Mars and everyone's favorite crypto, the lovable Shiba faced Doge, go to the very Moon and hit $1.00? Who knows, it was trading at 0.044 this afternoon before falling to 0.038. Woof.

In the meanwhile, Melvin Capital's lost a reported 53% on it's investments in January, that's around $6 billion vaporized in blown up shorts, not least the now fabled $GME. More hedge fund pain's surely soon to follow because an autist army of raiders, backed up by a few billionaires, are HOLDING THE LINE and not selling. There's apparently plenty of uncovered shorts out there yet to plunder.

House of Gold

According to Millionaire Socialists like Elizabeth Warren and assorted shills in the lying, corrupt, venal, mendacious, aggressive, smug, hypocritical media this is nothing less than an act of violence by white supremacist, anti-semite extremists. Like, how dare they attack our sacred Hedge Funds of Progressive Democracy!

You Utter Frauds

Come on, Commies, shouldn't you be against our stratospherically wealthy Oligarch Overlords? Apparently not, and to be fair, it's not easy being a Millionaire Socialist without millions of dollars to make it happen. But here at the Compound we have a different take. In the words of the Apostle (Eph 6:12):

For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. 
Ain't that the truth, and if it looks like holding $GME and sending the world's most attractive e currency into orbit, backed by the full faith and credit of bones buried in the garden, well, so be it. Buy low, sell high. In the meanwhile, put on the whole armor of God.

Here endeth the lesson,


PS. Some say there's a bizarre disparity between physical silver SLV and paper silver and if everyone suddenly demanded the real deal, as if pirates, there might be an issue with the procurement and delivery of bullion. Don't say JP Morgan. But that's a different sermon.


drjim said...

I look at it this way: If I don't have physical possession of it, I don't own it.

Well Seasoned Fool said...

A friend who is knowledgeable about these matters wanted physical gold from whoever he was dealing with. I took them a few days and, while the value was there, what he held "on paper" didn't match what he received. He has since changed his strategy and demands physical gold every time.

Kid said...

Then there's all that gold in a London vault found to actually be gold plated Tungsten. They can keep that game.

And when they're pushing hard on TV is not the time to buy it

That aside can you help me LSP? I went all in on GME at 350 at the open and now it's at 212.00 !! Hep Me! Hep Me !somebodies Hep Me ! -Cleavon Little

Just kidding.

LSP said...

drjim, there's great wisdom in that.

LSP said...

WSF, it looks like some people are scrambling to fulfill physical silver orders. Interesting. But me? Just going long $DOGE

LSP said...

Kid, word to the wise. Buy the dip, don't eat it.

But seriously, GME's holding in the 200s, which is remarkable. Maybe all those short positions haven't been covered and the real squeeze is yet to come. We'll see, in the meanwhile, let's see what comes into play tomorrow. GME in the 200 range has plenty of explosive potential.

Not that I have a dog in the fight, long DOGE :)