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 Replies: 3,175 / Views: 105,742 |
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Pillar of the Community
United States
2656 Posts |
two weeks of gains gone in two hours... funny how stocks never do that.
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Pillar of the Community
United States
1269 Posts |
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two weeks of gains gone in two hours... funny how stocks never do that. LoL what do you mean? I made a few hundred bucks today buying Puts on a stock that lost almost a months worth of gain's in 2 hours. Iren Ltd. Or go have a look at what happened to Marvell Technology today. PayPal stock lost two months worth of gain's today, go have a look.  I could show you a hundred stocks that have done this. This happens every single day in the stock market. Edited by Harry213
08/28/2026 6:10 pm
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Pillar of the Community
United States
1269 Posts |
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Bla bla bla, jawboning by Warsh.
Let them raise rates and bankrupt the Federal government. I believe it when I see it. That's true, raising rates triggers a chain reaction that ultimately leads to a death spiral in the U.S. Debt If there is no interest rate increase in September then Gold and Silver will skyrocket.  |
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Pillar of the Community
 United States
5252 Posts |
My money is on cooking the CPI. Strip out everything that goes up, place Americans on a virtual diet of dry bread and water....et voila. The CPI is now 2%.   |
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Pillar of the Community
United States
6845 Posts |
I would be shocked if any administration raised Fed rate anywhere near an election with so many close races. Older voters are a huge demographic, and a shock to equity values can provoke a knee jerk reaction at the polls.
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Moderator
 United States
193975 Posts |
Bring it.  Silver is back in the ~$67 zone.  |
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Pillar of the Community
United States
1269 Posts |
Gold and Silver both fell back to prior support levels over the weekend and in the overnight session and have rebounded slightly. Last I checked they were just about even from Fridays close. Oil started rising higher over the weekend not helping matters much.
I think the Market over reacted Friday and there is a chance we'll see a bounce today, or sideways action until the next reports are released this week.
Over the next three weeks we'll see a skew of economic reports for August that the Fed will use as a gauge for a rate hold or rate hike in September.
The 2 important ones this week are:
*Wednesday- we get the ADP National Employment Report.
*Friday- we get the August Employment Situation Report (Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings).
I don't remember the exact numbers but I think the Market's are expecting to see around 60,000 job's added in Aug and unemployment rate of about 4.1 percent.
Remember that 'bad news is good news' for the metals.
So that means if less jobs were added and if the unemployment rate went up from the last month then the market will breathe a sigh of relief. Lesser odds of a hike.
If we get the opposite numbers then expect some more panic selling.
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Moderator
United States
193975 Posts |
Quote:
there is a chance we'll see a bounce today, or sideways action until the next reports are released this week.  |
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Pillar of the Community
 United States
5966 Posts |
A lot of sideways chop today. Nothing to write home about, nothing really to complain about, either. It is what it is.
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Pillar of the Community
United States
5966 Posts |
And, sadly, the night crew didn't do their job. Looks like we're back all the way down to the ~$64 zone.
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Replies: 3,175 / Views: 105,742 |
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Posted 08/28/2026 5:55 pm
