Post by
tdsb on Nov 06, 2021 2:29pm
Strong Jobs Report verses Inflation
It was pretty obvious that the market considers inflation a mugh bigger problem than the growth of jobs. Gold has gone up a lot in the last two trading days because of inflation. Inflation is not transitory it is here to stay. Gold has only one trajectory in the short, medium, and long term, that is up because the weak dollar has been a result of years and years of money printing. Now that inflation is here to stay it will take years and years to tame, but first they have to do something about it. That hasn't even crossed The Fed's mindset becase the pain of higher rates will crash the economy. Gold has nothing but a strong wind at it's back now. The gold explorers with real drill results will benefit Biglee especially in the leverage to the price of gold.
Do You Like Scorpio, Si Signor! CHEERS
Comment by
BasementTrader on Nov 06, 2021 5:52pm
the stock traded over 512,000 Friday. Most of it in the dark markets. Every uptick was not the market maker actually only bought 14,000 and sold 10,000....
Comment by
BasementTrader on Nov 06, 2021 5:56pm
the stock also closed 14 cents on the dark market... The 27 % holder of Scorpio built Solaris Mining, Equinox Gold, I-80 Gold, Augusta Gold, Titan Mining and sold many others. Scorpio will NEVER have a cash problem with Richard Warke involved. Know your facts, Richard is a big player and having him involved brings insane value. check the link https://www.stockwatch.com/Quote/Detail?C:SGN
Comment by
fordster on Nov 06, 2021 6:12pm
Nice factoid BasementTrader...I'll check this out-thnx
Comment by
tdsb on Nov 06, 2021 6:13pm
Hi Again BasementTrader, I think I know who Richard Warke is, is he a Finance Banker.
Comment by
tdsb on Nov 06, 2021 6:02pm
Hi BasementTrader, on Friday I put in an order for 26000 shares at 13 cents, the Bid was 12.5 cents and the ask was 13.5 cents. The trade went through immediately at 13 cents. The change in volume and the bid and ask from my share buy was not recorded on my desk top. I thought this is odd, what do you mean by the dark markets, please elaborate. CHEERS!