Guns in August
have roared before.
Can there be peace
or must there be war?

It’s called The Stockholm Syndrome.
X1000

Welcome to the site. You will find many interesting and varied thoughts on the Fed discussed here on a daily basis. Your thoughts will blend in even with some of the “girls”.

Joe the Tell
Rang the Bell.
But is he Right?
NEM missed the Flight?

He is silently buying 🙂

Agreed on all points Steve. I’m sure if we see any market weakness in a few weeks or months, he’ll be back pounding the table to sell everything once again near another low. Yes, it’s good to be cautiously optimistic, but while recognizing we are a long way from out of the woods.

It’s helpful to look at things in different timeframes and be able to separate them in ones trading and investing approach. Whether one is a short-term trader or longer-term value investor, can alter at what point they feel like deploying cash, as well as one’s risk tolerance levels and trading process. Some look at placing trades over hours or days, some over weeks or months, and some over years or even decades. Some play for short-term intraday tradable rallies as day-traders, some for swing-trades over a few days or weeks, some as position-traders over a few months to a year, or some as value investors for an approach over many years. Some investors like buying where support is, some like to dollar cost average in, and some like to wait for the turn to be more well-established before feeling safe to enter the trade. All strategies have different associated risk and potential returns, along a spectrum.

For example, as shorter-duration swing-trader and medium-term duration position-trader, I was buying the dip the first 2 weeks of this month with both hands and mentioned so a number of times, for a number of good risk reward factors piling up:

– COT positioning had banks long and speculators/hedgies short – ripe for a short squeeze

– BPGDM plumbing a 13 then a 10 for several weeks, showing terrible breadth in the sector, and one of the lower levels seen in years. The 2016 low in mining stocks turned up at 16. The index also flashed 100 for a several weeks from late June-July 2020, right before topping in August. It’s sometimes a leading indicator that takes a while to unfold, but at extreme highs or low, it’s a fairly safe bet on either selling or buying respectively.

– Insanely oversold chart indicators on the hourly, daily and weekly charts in most mining stocks. Again, the prevailing trends was analysts shifting their dialog over to just looking at things through the monthly charts, quarterly charts, etc However, while those are good for longer-term trends, they will always miss where the actually turns happen for strong short-covering rallies, as the change in direction won’t be more clear on those monthly and quarterly charts until much more time has gone by. It’s not a bad approach for longer term value investors, and will limit losses in protracted corrective moves, but it will keep those kind of investors bearish too long at turns, and bullish for too long at tops, and they’ll miss some of the best rallies in the junior mining stocks which often happen in days, weeks, or months, not over quarters, and they’ll stay long too long after we start seeing gut-wrenching declines.

Sure monthly and quarterly charts are good for smoothing out the big picture “noise,” but many successful traders actually want to track that “noise” and appreciate the pricing whipsaws, as that is where some of the best base-hit wins come from in such a cyclical and volatile sector. Nobody makes money in a sideways trending market (unless they are selling options), and it is the double digit down days, followed by double digit up days in many stocks that provide many of the opportunities to trim or add to positions, or just generate new trading capital to deploy.

– Sentiment was terrible the last few months, culminating in early July, with everyone (even prominent bulls) on the bear side of the boat, a number of newsletter writers quit recommending to buy stocks when they were actually near the lows, and some NLWs even sold their resource stocks near the lows, and hardly anyone was putting money to work.

– When everyone is on the sidelines and not putting money to work or discussing what they are buying, but all talk is about selling or holding, then it is typically a huge tell, because most people read the markets wrong at turns and get emotional. Fear of loss is strong motivator than the desire to gain, and thus getting off the playing field of long or short trading, and instead sitting in the stands as spectator in cash is more comforting. Yes, it provides optionality and people should definitely raise cash, but during periods of strength, not near lows.

Instead lately everyone has been boasting about how large their cash positions are, which is really a position of uncertainty, because if they were convinced markets were going down they’d short them. If they were convinced markets were going up, they’d go long. Going to cash is essentially and “I don’t know what to do” position, where they are waiting for more clarity. The issue is, by the time the direction of a sector is more clear, the easiest and more explosive moves have already happened and they’ve missed the opportunity to buy low and the easiest money in the initial short-squeezes.

I understand going to cash though, when someone just is unsure what is going to happen, wants to wait for a lower target, but doesn’t have a strong enough conviction to short those markets they think will go lower. Nothing wrong with being a spectator and waiting for the setup one wants to see, but it’s not something to brag about, as it is a losing position getting eroded by 9% inflation at present.

What was worse was the droves of people at ceo.ca, stockhouse, hotcopper, seeking alpha, youtube, twitter, and even here at the KER advising others to sell or people declaring they were done with the sector and sold their miners to move to the metals. This is exactly the kinds of behavior that we see at bottoms. Everyone is convinced things can only go lower, people “Cry Low” instead of “Buy Low”, and leave blaming the sector or pundits in the sector, instead of their own terrible trading skills.

Obviously, it’s the inverse of that at tops, like what we saw in the growth tech stocks and cryptos culminating into Q4 of last year. They couldn’t lose right. We heard such trite statements like “Don’t fight the Fed”, “The Fed has your back”, “I’m going to HODL – Hold On for Dear Life” or my favorite stupid declaration these punters were making “I’ve got Diamond Hands” implying they could hold through anything. What a complete load of horse dung. When the poop hit the fan, they sold just like everyone else did, and then as people starting running for the exit doors, their HODL became RFDL [Run For Dear Life]. Human herd behavior is as hilarious as it is predictable. 🙂

Regardless, this desire to sell everything or people cowering in cash after most of the damage was already inflicted, is the exact same thing that happened during the Pandemic Crash from late Feb – April of 2020. Do people not remember that same exact thing playing out then?

Remember during that crash in the spring of 2020, when so many declared “I’m out” or “I just sold my positions and going to cash” or “going to the sidelines watching for XYZ signal…”. You couldn’t ask for a better contrarian signal, and it was of course the buying opportunity of a generation. That was the time to freaking be deploying Cash, but the vast majority of people in all sectors were far too scared to “buy low.”

They claim in defense of missing this buying opportunity of a geneartion… “Well, the world was ending and it was too uncertain of a time…” Yeah, exactly, that is precisely the time you want to be buying, and I sure was. When I had posted a few times mid March 2020 – joking around a little that I was “looking in the couch cushions for some spare change to deploy in resource stocks of all kinds – gold, silver, copper, zinc, palladium/platinum, nickel, uranium, lithium….” — A few people wrote back publicly telling me to be careful, or asking Why? Then people emailed me and instant messaged me that they were very nervous about the buying I was discussing on chat boards at such a uncertain time.

That gave me even more confidence to press my bets, figuring most people said the exact same crap after the 2008-early 2009 Great Financial Crisis, when I decided to up my contributions to my retirement fund in a big way, and moved my parents money out of CDs and low payoff funds into a variable annuity. Obviously the markets came roaring back in later 2009 for many years, and those that sold during that period f’d up bad, and those that went to cash for a while, took way too long to get back into the pool, and missed some explosive upside moves in the markets. The Pandemic Crash of 2020 was shaping up to be the exact same thing, and the more worried everyone got, the more the contrarian alarm bells were sounding. I decided to move over some funds from deep savings in March & April of 2020 to my trading account to buy even more gold, silver, copper, palladium/platinum, nickel, uranium, lithium stocks, while most were discussing their cash holdings from the sidelines.

The recent sell everything event in the markets was not nearly as dramatic as the 2008-2009 G.F.C or the Pandemic Crash from late Feb – April 2020, and as a result, the snapback rally may not be as strong or sustained, but coming into July and as the month started, people were way to bullish in the short-term, even if medium to longer-term there still is more pain in store. You gotta be in it to win it, and take advantage of deploying cash into those weak sentiment periods, even if you sell back out on the bounce to raise the cash back up again. Why in the world would you want to sit out the best part of the game on the sidelines? One word. Fear.

Those massive deflationary forces have been and will continue to be met by even greater inflation. Gold is now cheap relative to money supply growth (inflation). The Fed can ALWAYS depreciate the currency that they emit. Deflationists like Bob Hoye are out to lunch on that crucial fact.

Bring It On, YEAH BABY! DT

DT: Those are some good gains over the last couple of weeks. Mine didn’t move until Powell turned gold on Wednesday, and I had 3 good days. I will play it day by day as I want to see if infrastructure programs can see the light of day rather than rhetoric.

I can’t wait to unload everything and pay off half of my mortgage. I’m still up but my “pay-off-the-house” money took a hit.

The strategy is to sell, wait for a pullback and then deploy 50%. I was gonna do that June 2020. My portfolio was up a damn lot, was going to take some money off the table, but then greed took over and here I am, writing nonsense on this site.

Someone with a smart and winning strategy, please share. I’m all ears.

+2 OOTB. Yes, you are grandfathered in for sure amigo. 🙂

… and yes, the fake Fed does suck… at least more generalist are starting to wake up to that reality, and that their Wizard of Oz, is just some weird ole’ dude behind a curtain pulling levers, and there is nothing magical about them… in the slightest.

They said they weren’t even thinking of even “thinking about” hiking rates until 2023 just last year. Wrong.

They said inflation was not a concern from all their monetizing of debt or their huge balance sheet or from the insanely large government fiscal packages in the Trillions spending money like drunken sailors. Remember when their goal was 2% inflation? Who in the hell roots for any inflation anyway? (only bankers, as everyone else loses purchasing power).

They said inflation was “transitory” in Feb/Mar 2021 and indicated it was just a few months of supply chain issues. Yeah, right… anyone with 2 braincells to rub together could see it as all the money printing that was leading to inflation, and the supply chain issues, or later the war in Ukraine, were just adding to the mix and took the blame. So many fell for their B.S. that it would just be a few upticks to inflation for a few months into the summer of 2021, which served the Fed’s purposes well to announce they wanted to taper their bond purchases. Think about it, if they had messaged, “oh crap, it looks like inflation is going to be sticky and last longer and go higher than we imagined, everyone would have sold their bonds before the Fed could. How can people not see the sinister motives behind the Fed’s messaging?

Well, the latest CPI reading was 9.1%, and the latest PPI was 11.3%, so again they had no clue about inflation, and Janet Yellen (former Fed head and now Secretary of the Treasury) came out and admitted that they didn’t really understand inflation.

These people that should know the most about finances and economics are either clueless (which is possible), but more likely they know exactly what causes inflation… all their money printing. The reality is they are trying to engineer markets and failed at containing the implosion in the Great Financial Crisis, and so all they can do now is blow bubbles with liquidity, then kill demand with monetary tightening, then blow more bubbles, then tighten… keeping things on perpetual life support using their intervention. The big question this time is — Are they going to be able to put the Humpty Dumpty economy back together again this time?

Just a few months back they finally started their hiking of the Fed funds rates, waaaaaaaaay to late in the game and so far “behind the curve.” Real inflation adjusted rates were, are, and will remain extremely negative. Currently the Fed Funds rate is 2.25%-2.5% after their hike this week. More importantly the 10 year bond yield is 2.66%, while the CPI is 9.1%. That’s a negative real rate of 6.44%. Is that how a healthy market looks?

In June, suddenly Powell thought he had become Volker and was prepared to hike, hike, hike and “do everything necessary to fight inflation as long as it takes.” The markets reacted in kind, and sold off, and now a month later they’ve already dialed it back. Tragic comedy.

They said for months they would only do a 50 basis point hike in June and July, but then leaked info to the WSJ that in June it would be 75 basis points just a week or so out. Anyone that listened to what they said was surprised, but any thinking person knew they’d need to set up it up more to play catch up before the markets and economy got too weak. Then in July, the expectation went from what the Fed had said at 50, to the market catching on it would likely be 75 and many were even debating 100 basis points. So quickly people forget what was said just a few months ago, and act like the Fed has had their current stance all along. Instead, the Fed has been wrong-footed for the last 2 years and have overseen a huge policy misfire.

Now a month later, after even higher inflation readings (which supposedly they care about for price stability), they have also noticed the very stagnant and weakening economy staring them in the face. The weakening GDP, weakening housing sector, and the cracks showing up in many areas and metrics in the labor markets, are evidence to the contrary of the supposedly strong jobs number last time. Even though we are technically in a recession, the government officially changed their definition of a what their language was about 2 negative GDP growth quarters back to back, to rewrite what qualifies as a recession to be “data dependent.” Why would anyone trust a word these guys & gals say?

Remember when they restated QE and stated with a serious face “Oh… but this isn’t more QE.” Then by the end of last year they admitted all their $120 billion a month in accommodative bond purchase was QE and they were going to start to “Taper” it. Again… Why in the world would anyone believe what these people say?

Their language that they are on “the low side of normalizing rates,” that they “wouldn’t give forward guidance any longer on future hikes,” and that they’d be “data dependent” gives them plenty of wiggle room to start letting off the accelerator, just one month after they became super-hawks. All these folks do is flip flop, and either they are messaging the way the do to purposely mislead and try to manage expectations, or they truly are incompetent and making this crap up as they go along.

So their Fed messaging may be quite fake, but their actual policy decisions are all too real.

It’s best to deal in the real and look at what they actually do, and ignore most of what they say. Actually some of the Fed governors give better indications and float out trial balloons at times, and some of them are agents of the misleading the public to manage perceptions.

https://stockcharts.com/h-sc/ui?s=%24CDNX%3A%24GOLD&p=W&yr=6&mn=9&dy=0&id=p14575642842&a=1111516519

This low was 3 weeks in the making and looks “right”…
https://stockcharts.com/h-sc/ui?s=%24HUI&p=W&yr=5&mn=0&dy=0&id=p66304030157&a=1038741662

Managing The Inflation Narrative Versus Actually Managing Inflation

Jesse Felder – The Felder Report (07/27/2022)

“Today, the Fed is set to announce another rate hike of 75 basis points, taking the funds rate to 2.25-2.5%. And while inflation running over 9% appears to indicate that the debate over whether inflation will prove “transitory” has seemingly been won by the “not” crowd, markets are still pricing in a rapid decline in inflation. Some point to these “market-based” indicators of inflation expectations, derived from the yields of Treasury Inflation-Protected Securities (TIPS), as evidence the Fed is on top of the inflation situation.”

“However, there is a major problem with using TIPS-implied inflation expectations as a report card for Fed policy and that is the fact that the Fed, after buying up more than a quarter of the total outstanding, is now the single most dominant force in the market for TIPS! To some degree then the Fed, in managing its TIPS portfolio via QE and QT, is able to write its own report card. And this at least creates the temptation to try to manage inflation more by controlling the narrative than by actually addressing it directly.”

https://thefelderreport.com/2022/07/27/managing-the-inflation-narrative-versus-managing-inflation/

I’m watching for the possibility that copper and other commodities are getting in sync with gold and silver. If they are, it still looks like gold and especially silver will outperform for awhile and if they aren’t, it still looks like they could be in temporary alignment.
https://stockcharts.com/h-sc/ui?s=%24COPPER&p=W&yr=6&mn=9&dy=0&id=p79921881874&a=551528662&r=1659215259702&cmd=print

Haha! Thanks Wolfster and no that was just my rise and shine rant before any coffee or caffeine. Now that you nention it though, a triple espresso may be in order. 🥳☕🫖

As for the Uranium sector coverage I had already reached out to book the interview prior to your comments on Thursday (which I did see and respond back to). The synchronization is likely because we were on the same page that the Uranium mining stocks may have bottomed a few weeks back and it just seemed like a good time to get someone on that really understands the intricacies of the nuclear fuel cycle and macro, but that also has a solid grasp on the Uranium stocks, so Justin is our guy.

This whole competing bidding war for UEX by Denison over UEC is interesting to see play out for the U-stocks as well. Ever Upward!

IrishT – If the World Economic Forum “Great Reset” elites get their way, as Klaus Schwab noted “in the future you will own nothing and like it.” There won’t be any personal property left for people to barter with. 🙂

Yes and familar name on the other side of the deal as Serafino from GASX is an insider of GCM.

+1 Agreed Larry. We are blessed to have so many insights and real sharing of ideas here on the KER podcasts and from contributors here on the blog. Ever Upward!

While markets always have the possibility of moving lower, I’d tend to agree that it is more probabilistic that Silver just put in a bottom when it dove down to $18.01 earlier this month and then snapped back higher nicely popping up to over $20 by the end of last week, to close up the month.

Lots of silver stocks also made a good run higher the last few weeks, so that has been nice to see as well.

Personally I’d like to see Silver reclaim that $21.41 level on a closing basis, that was prior support and is now resistance. Ultimately, for more confidence that we’ve seen the low in Silver, it would be ideal to see it put in a strong weekly close in the mid $22’s.

Yep, That is a classic from Rockefeller that many people use, and they adapted it to the modern age with Uber drivers instead of shoe shine boys. It was no different in any other sectors at any other time period in the markets, but just happens faster now as news travels instantly online.

We saw the same thing happen when everybody finally got excited about Uranium last year and then it topped and rolled over for months for a nice corrective consolidation move. Then investors flip-flopped to extremely negative on Uranium stocks in just a few months from Nov 2021 to late Jan 2022, and so that was the time be buying and of course Uranium stocks had a great rally from late Jan through April.

We saw it by the middle to end of 2021 when so many resource investors, and even those investors not typically in mining stocks, finally got hip to the Lithium narrative last year after it already had made it’s big run for years, and was having it’s blow off top. The Lithium narrative was well established years ago, and like Uranium it was an eventuality that people just needed to get in position, when nobody cared about them a few years previous, because obviously prices would need to go higher, and so would the quality resource companies.

We saw the same thing happen in cryptos where everybody got super enthusiastic in 2017 only for it to mark a top and roll over by 85%, and then by last year in November 2021 we saw a repeat of even more unbridled enthusiasm for all things growth Tech, EV, Crypto, DeFI, NFTs, SPACs, you name it…, and of course that marked the top once again.

It rarely feels good or like a “smart idea” to be buying when assets are out of favor or even hated and left for dead, but that is the ideal time to be acquiring them.

Conversely, It is easy during those time periods to have bashers come in and kick sand and peoples eyes while they are down, and say sell sell sell it’s going down the drain, celebrating the misery of others.

Those type of individuals have something emotionally wrong deep inside of their hearts and psyche, but we see it all the time in multiple sectors and in individual stocks.

When certain “cult stocks” that the herd piled into on a hot narrative top out and roll over and start to plunge lower, it always brings out bashers and trolls that revel in others pain and aren’t even invested in that stock or sector.

There are always those disturbed individuals that get on chat boards like ceo.ca, stockhouse, twitter, youtube, reddit, wherever and cheer the correction, implosion, and capital destruction, taunting and trolling those still invested with calls to SELL, SELL everything and preserve what capital investors have left (as if they are people’s saviors or something). They don’t have any substantial or specific fundamental or technical data to share like legitimate bears do, but boy the just know everyone should sell. There is nothing special about Joe or his uninformed sell everything at extremely oversold level calls, enjoying the pain of others, and he is just like all those other garden variety bashers.

To be fair, it’s just as ridiculous when the permabulls say BUY, BUY, BUY, and use 3 rocketship emojis and “to the moon!!” on a sector or specific stock without providing and substantive or specific fundamental or technical reason for their bullish pumping and cheerleading.

When people feel overly emboldened to proclaim what others should do, and their chief claims simply mirror the most recent trend of an overly extended uptrend or downtrend, (where indicators and sentiment is already at extremes), then those are usually contrarian signals to do just the opposite of.

When things are already way overbought and sentiment is in euphoria, and people come on screaming Buy! and that “there is no limits”… then it is time to sell. When things are already way oversold and sentiment is in the toilet and everybody is expecting lower prices, and then someone comes on with this recency bias, and proclaims people must Sell! to save yourself and your remaining capital, then it is time to buy.

We just saw this in spades over the last few weeks when everybody was negative on almost every market, except the US Dollar (which people felt was going to keep breaking out to 120). Of course three weeks ago was the time to have been buying almost any sector that was beat up for a tradeable rally, and that is precisely what we’ve seen in almost every sector for the last few weeks, except for the over-crowded Dollar trade that did roll over. That doesn’t mean that there still couldn’t be more weakness in the general equities or commodities, or that the dollar can break out above 109.50 and go towards that 120 target many technicians had in their sights. It is more so a lesson that when everyone is in the bear side of the boat, it is natural for is to shift back bullish again, if only for a period of time for a good counter-trend rally to cash in on . If everyone is on the bull side of the boat, like we saw in the US Dollar, then shorting the dollar, or going long the Euro, Yen, or Pound is likely a good currency pair trade for a period as the pendulum swings back.

Again, it is key for people to understand sentiment extremes, technically overbought and oversold conditions, breadth warnings to the positive or negative, and importantly to know if they are executing a short-term swing trade for a bounce or for a short correction, a medium-term position-trade for more extended move over a few months to a year, or if they are accumulating as a value investor with a time horizon of multiple years.

This is so interesting, because people often claim to be long-term value investors ready to hold for years in many sectors (gold/silver, copper, nickel, uranium, palladium/platinum, oil/nat gas, rare earths, whatever…) and then they freak out at every little blip one way or another. That makes no logical sense. If you are buying with 2-3 year time horizons, and you believe you got positioned at a solid and low valuation based on where you believe things are heading, then why in the world would you even care about what is happening this week or this month or this quarter? If the longer-term thesis is that it’s going to take 2-3 years to play out, then check in a few times a year and go to the beach until 2-3 years go by.

On the more active trading side of the house, if one is getting in a swing-trade for a few days or a few weeks in a sector or specific stocks, to short it or play for a rally, then monitoring fundamental news and technical drivers makes a lot of sense. However, why in the world do you care about the 2023-2024 guidance or even what the Fed is doing next year? Get in, scalp off 20%-50% in a few days or weeks, and then get back out and do it again, when one sees the compelling trade setups. Rinse and repeat.

Really, it seems like most investors are not short-duration traders, but conversely, they are not really longer term value investors either. As Rick Rule so often quips… “Most investors have a hard time holding over a long weekend.” Most investors are actually position-traders that hold for period of a few months to a year in an equity before moving on to trade other equities.

This medium-term time horizon, has to straddle the fence a bit and still pay attention to extreme moves due to fundamental macro factors or due to technical setups, to be able to capitalize on downturns by deploying cash, and then capitalizing on upturns by trimming positions back to raise more funds to buy the next dip. Then eventually when the wind is in one’s sails for an extended period of time and one has met their investing objectives on that position, then the goal is to scale out of the position in tranches for a win on the ride up, or use a big liquidity event (like a takeover or merger) for a clean exit.

Personally, most of my trading is position-trading for about 2-3 months to a year time horizons, when I feel a sector or stock is obscenely oversold, and has a high likelihood of rallying higher over a 2-12 month period. I mix in some very short-term swing trading to play bounces for a few days to a few weeks to generate profits to use in my position trading. I do have positions I’ve been invested in for years as longer term value positions, but I’m always trimming and adding around the core position and rarely am all in or all out, although there are periods where that is the case.

For example, I’d been building up good Lithium positions since 2016/2017 and trading around them, and beefed up a number of them during the Pandemic Crash, but when things really got silly last year, I ended up exiting all my Lithium positions one by one by the summer and early fall. Same story with Uranium stocks. Now I’m back in 7 Uranium stocks and have traded them a few times this year into the rallies and corrections, but am pretty much at parity in most positions at present. If they run up really big in the next year, I’ll probably take the chips off the table. If Lithium companies correct a bit further, then I may get back in a handful of positions. Copper stocks are starting to look attractive and I’ve got 5 of them going at present that I’ve been accumulating as Dr Copper was taken out at the knees. It may be a bit too early on some of them, but if they drop a bit more, I’ll continue beefing up those positions. I’m only in one Nat Gas play at present, but if Oil stocks correct a bit further in the medium-term, then I’d like to get back in half dozen of them. My primary focus at present though (80%+ of my portfolio) is really on the Gold and Silver stocks & royalty companies, as they have the most compelling fundamental and technical setup IMO.

Good luck to everybody, regardless of your trading style, or which sectors you are engaged in. Ever Upward!

$1 per second equals $576,000 per month at 40 hours per week. That’s around $7 million per year. So $1 trillion also equals roughly $110 million per year since the year 0.

If you took one thousand dollar bills and piled them one on top of another, when they reached 58 miles that would be the equivalent of one Trillion Dollars. DT

From a weekly perspective it looks much more promising so the current daily cycle could top with a strong surge well above the current price. If it does, then I’d say the pullback from there would be a great buying opportunity.
https://stockcharts.com/h-sc/ui?s=URA&p=W&yr=3&mn=0&dy=0&id=p60719302115&a=1112001746

That could end up being the case is Nat Gas (the potential of a double top there). That will be an interesting chart to follow along with. I only have one remaining nat gas stock (GASX), but in retrospect should have held onto a few others in light of the resurgence. If it is a double top though in nat gas prices, then maybe some of them will go back on sale one more time. If it’s not a double-top, then I don’t really want to chase these stocks much higher.

Man, I’m surprised how hard N.G. rebounded right back up again, but a lot of that is due to the further issues Europe is having importing it from Russian, and the US exporting Liquid Natural Gas to Europe now with the prices skyrocketing. Also, it is a very hot summer in Europe, the UK, the US, really a lot of places, which is just further pressuring the demand side of the equation even further.

Terry, I’d say it was perfect timing. The market is generally unkind to share consolidations regardless of the company-specific circumstances so doing it at a major low is smart. Plus, I’d bet that Rob McEwan himself aided the post consolidation action with strategic bids of his own.

Once you know the Agenda of The Fed, their actions make sense.
A Fascist form of government is completely compatible with a transfer of wealth of citizen property. “Combined control by politicians and corporations”. Citizens rights are not part of the scheme.