Lower Price For TNX Shares?(Yahoo T.TNX Conversations wouldn't post this.)
All the buyers/holders that got caught mistakenly in the "spike" are probably out now. Shorts of T.TNX covered recently. The T.TNX shares short has declined 40%. What do they know, or was the "spike" a squeeze? It could have been Gamestop/social-media or confusion with Tron the crypto... The price of gold is down since then.
I saw a headline about the coming US dollar collapse... Another 3 trillion US dollars is being called for as part of Biden's economic plan... That 3 trillion might happen - it might not... The US National debt is over 28 trillion now. It will surely take some time for Congress to approve another 3 trillion. The market is very high right now - is the economy really needing another stimulus...? Oh, I forgot, this is about science and government deciding for its citizens that we must convert to earth-friendly sources of energy, and the freedom of choice to own gas-powered vehicles is going to end; the result of new government laws that will save our Earth. In any case, where is the stimulus money to make this good choice for us coming from?
India banned crypto. India wants the government to control crypto. Will other countries follow suit...? I saw a headline ...crypto could go to zero!
Seems like real money - gold - ought to catch more interest and move up. There was lots of talk of gold reaching a new high this summer. It might, it might not... It might be right that we will see a much better price for an ounce of gold this summer.
If the price of gold goes up, the share price of T.TNX will go up too. I still want to see the deep, drill results. That's another bit of news that could spark T.TNX's share price.
Somebody said market crash... Gold would go down at first if that were the case, but does anybody really want a lot of cash, with paper being created the way that it is? Maybe a little cash short the market might be a decent play. Where else can you park cash right now? On the sidelines waiting to buy the bottom of this gold dip, or the bottom of a sharp market sell-off, might be a good idea.
If I short the market, my bet will be small. With a big crash it could be a nice winner.
Does anybody think US taxes are going down? Higher taxes to pay the interest on all of this yet-increasing debt can't be good for the economy - can it? Yes - maybe some sort of sell-off on its way...
Was there a European country or two that are back to shutting down, due to Covid? That can't be good news for the global economy the USA is part of.