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sandy beach

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Everything posted by sandy beach

  1. Oxford is about to piss all over Imperial College of London's tooth brush: https://www.dropbox.com/s/oxmu2rwsnhi9j9c/Draft-COVID-19-Model (13).pdf?dl=0 PDF warning. They are basically saying Imperial College is full of hot air and that the majority of people in Italy and the UK are already infected and the case fatality rate is therefore only a small fraction of what was projected. So they should be reaching herd immunity soon. I have a really hard time buying this but I will let the data convince me. Luckily this is a theory that can be tested. This will be very interesting.
  2. We just past the 50K confirmed cases mark in the U.S. A few days at most before we hit 100K.
  3. We now return to our regularly scheduled selling of the US indexes.
  4. Nothing like a rip your face off bear market rally!
  5. You may be right about that. I've been watching Singapore, Hong Kong, Taiwan and South Korea infection rates hoping to time a rebound trade but they haven't even contained this and they will probably be the first ones to contain it. We have a long way to go.
  6. Block-chain with a unique ID tagged to the underlying allocated commodity would be the way to build a proper gold paper market. Then there could be no more funny business.
  7. Potatohead, you could say the same thing about a lot of traded financial assets. If traders were required to settle trades at the moment the trade was made trillions of dollars would vaporize. That's why big traders are totally against a block-chain style market. They've built empires on those dollars. The underlying just isn't there.
  8. We also had a lot less debt back in the 1970's and early 1980's. Can you imagine now if he get inflation and a Volcker type move in interest rates? If they lose control of inflation and have to chase it after the fact with higher rates it will not end well.
  9. If you look at the 1970's post Nixon closing the gold window than yes, real estate kept value in real terms almost but stocks in real terms did poorly.
  10. That's weird MRNA is down about 8%. They are doing the human trials on a vaccine. I guess with the markets up we no longer need a vaccine.
  11. Yes, I remember when Potatohead started his business. Smart guy!
  12. Thanks Jimi! This is why I don't trade gold. I didn't even know refiners were shutting down.
  13. CalPERS loses $69 billion in biggest market losses since Great Recession https://www.sacbee.com/news/politics-government/the-state-worker/article241391841.html
  14. So I take it that OTC prices are way above Futures on CME. The futures are depressed by market markers going short gold. So EFP isn't possible. Still not sure why refiners are shutting down if they have demand for product.
  15. EFP = Exchange for Physical on the CME. There I learned something!
  16. For us dummies can you please explain this is small words? Why are refiners shutting down? Why aren't metals moving? Who are these market makers and what is EFP? Are CME futures way below OTC spot? I don't follow gold at all. Sorry to be such and idiot.
  17. We need to get a patent on your gut Greg and start a Stool hedge fund.
  18. Dropped off a few care packages today - some fresh food, baked goods, periodicals, potted flowers,, etc. to the at risk we know. Keep them engaged. Isolation can cause permanent psychological damage. So let's not do that - give them a call if you can. XO XO XO Sandy
  19. This is remarkable out of 29 radiological scans of pneumonia patients 20 tested COVID19 positive by a radiologist in France since 9AM this morning. The age group was 34 to 92 years of age. This is far worse than even I would have imagined.
  20. CDC: Morbidity and Mortality Weekly Report: The coronavirus survived for up to 17 days aboard the Diamond Princess cruise ship... Is that a lot? https://www.cdc.gov/mmwr/volumes/69/wr/mm6912e3.htm?s_cid=mm6912e3_w
  21. I think it's time to reason with the coronavirus. Sit down find out what it wants and just pay it off.
  22. Selective buying today in techs and biotechs today for certain. Let's see what happens tomorrow.
  23. That raccoon in the video is actually looking pretty healthy right now compared to the market.
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