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Rusty Shackelford

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Posts posted by Rusty Shackelford

  1. 59 minutes ago, bernorange said:

    Any gold I may have bought in the past was lost to the bottom of a large lake in an unfortunate boating accident. 

    I'm not buying much of anything these days as business activity has fallen off a C19 cliff and the future is uncertain.

    How many oz did you lose, if you don't mind me asking? 😉

  2. I don't care necessarily for the partisan political sniping in the following, but it is good to see the primacy of the monetary policy issue being asserted with respect to modern problems.
    ... Thomas Piketty. His chart 9.8 shows a sudden and staggering take off in the inequality rate, first in America, then in Europe. Yet it wasn’t the rejection of socialism that swept the world at that juncture. Socialism was rejected after World War II. What happened in the 1970s was the advent of fiat money — money with no legal attachment to any standard of value.
    ...
    https://www.nysun.com/editorials/could-left-and-right-agree-on-this/91179/
    Bretton Woods was untenable circa 1970, but the untethering of fiscal policy to sound money is the root of the exponential math issues that are on our horizon.


    Are you buying gold or holding?
  3. 50 minutes ago, Dnaguy said:

    What's the argument?

    Per the dictionary:

    Moral hazard (n):

    lack of incentive to guard against risk where one is protected from its consequences

    Isn't that exactly what happens when the fed

    • Directly buys ETF's
    • Directly buys municipal bonds
    • Directly buys corporate bonds
    • Directly buys stocks 
    • Directly loans to businesses
    • Does this in an election year (they aren't going to stop and make it look like they're trying to help the 'other guy')
    • Continues to do it even when the market is at levels at all time highs (NASDAQ) or at levels it was at a year ago (DOW)

    Again, the tacit acceptance that the Fed is going to bail us out of any event from now on is a crazy thought.

    It's literally like driving 100 mph down the road with no brakes and relying on your driver to get you out of any jam... an upcoming wreck, road debris, a jaywalker, etc.

    Hell yeah you're going to make great time if / when you get there, but damn if it ain't a stupid and reckless way to do it. 

    But I guess we all need to get to our destination (retirement) and there's really no other mode of transportation left (in this analogy our horse is dead or something and we can't walk?).

    We've allowed our car's brakes to wither away or in some cases, we've actively removed them.

    Preaching to the choir here.  Don't forget about all the banking industry regulations that have been suspended or relaxed by the Fed in the past 4 months.

  4. 22 minutes ago, bernorange said:

    I was reading something the other day where the author was claiming that once 1800 was breached, there would be a bit of a short squeeze propelling gold higher.

    I think you can take your pick of reasons why, but I see a new multi-year gold bull market starting.

  5. On 6/25/2020 at 4:06 PM, Sabalo said:

    I've heard rumors of a huge offering by WKHS. I'm not in it, but if that happens it will definitely give you your dip opportunity.

    Part of that $250 million shelf offering came down today ($70 million) 

    WKHS stonk price rocketing on the news.

  6. On 6/26/2020 at 10:03 AM, Rusty Shackelford said:


    Took profits today at $9, looks like they will start issuing some of those shares off the shelf.

    Furk, now WKHS is over $15.  Oh well, still holding about 25% of my shares.

    • Like 1
  7. I've heard rumors of a huge offering by WKHS. I'm not in it, but if that happens it will definitely give you your dip opportunity.

    Took profits today at $9, looks like they will start issuing some of those shares off the shelf.
  8. 52 minutes ago, Sabalo said:

    I've heard rumors of a huge offering by WKHS. I'm not in it, but if that happens it will definitely give you your dip opportunity.

    They already filed the shelf offering a couple of months ago for up to $250 million.  The thinking is they will issue shares as needed, when/if they get the USPS contract.

    • Like 1
  9. So one of my medium term investments turned stonk this week. Anyone else on WKHS?  
     

    I first bought about a year ago and went through a long agonizing grind waiting on them to deliver. Finally started making some real money and of course I sold about 1/3 way too fast, I just can’t believe how fast it rocketed. 
     

    Just holding 2,600 shares now but will add after the dip (I’m expecting a big dip by the end of the week) ‘Cause I’m betting they have even bigger news coming in a month or two (USPS)

  10. 43 minutes ago, BevoSwag said:

    Where I have a problem with the Fed's strategy and agree with Toomey is that this is not needed.  I'm also puzzled as to who in the Fed decides which bonds to buy?  Am I too much of a conspiracy guy think this leaves room for insider trading by officials privy to insider information? 

     

     

     

    BlackRock decides which etfs and bonds to buy, so no worries!

    https://www.pionline.com/markets/fed-chooses-blackrock-pandemic-support-programs

    • Haha 1
  11. 6 hours ago, Wulaw Horn said:

    If you can train a wife and a kid then it’s definitely on the simple side. Ah, who am I kidding- you should sell books and put on webinars. 

    The kids were easier, took the wife several years. I think I drove the point home pretty hard when she opened the door to a drunk homeless guy. At least I was home (In the back yard) at the time. 🤦🏻‍♂️

  12. 15 hours ago, NorthLoop said:

    Why do yall get so worked up? Either don't answer the door or answer and say fuck off. 

    This. I’ve finally trained my wife and kids to use the peephole and to not answer the door if it is someone they don’t know. Simple enough. 

    • Like 1
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