Thanks to my recent banishment from Steemit, I am waiting and waiting and waiting for my powerdown.
I know the powerdown rules are what they are BUT seeing as I have been banished and none of my post on Steemit are even visible, ya woulda thunk that if they wanted me gone they would just let me go!
Have you ever had one of those times when everything just seems to come to a stand still?
You know something is about to break loose BUT just not yet!
Alright, since I have taken the time to write a post I might as well share today's precious metals charts.
The BIG news in the gold market is that well it remains range bound trading sideways since the beginning of April. A nice day to the upside but then again tomorrow is turn around Tuesday so probably down.
And of course, tomorrow begins the Federal Reserve meeting with a Press Conference on Wednesday.
I am waiting with bated breath for the wonderful elucidating from Chairman Powell on how the FED stands ready to stabilize the economy.
Speaking of the economy a nice article on zerohedge about a 48% increase in bankruptcy filings last month. https://www.zerohedge.com/economics/corporate-bankruptcies-soar-48-may-most-financial-crisis
But then again I must be missing something. A few weeks ago I mocked people for buying Ford Motor Company Stock. I mean with people defaulting on car payments and Hertz Rental filing bankruptcy forcing a liquidation of its fleet, who would buy a car company?
Right is right and wrong is wrong! Money talks and BS walks.
Speaking of Hertz look at this bad boy's stock.
Ford ain't got nothing on this star! From 29 cents to $5.53 in NINE DAYS! To hell with cryptos BUY HERTZ! Because nothing says huge PROFITS like a bankrupt company.
I don't know I thought it would be a great storage of wealth. But that is not a great looking chart and we are heading towards the Summer doldrums.
Which of course that will probably mean what?
Peace out and Stack On, if you like waiting, if not buy Hertz! What could possibly go wrong?