Ira’s end of day

https://youtu.be/l1He7d_tR6Q?t=13

Off Topic:

US Searches Of Phones, Laptops At Airports Rising, Suit Says
By DEB RIECHMANN – Associated Press – Tue Apr 30, 5:39PM CDT
WASHINGTON (AP) — U.S. government searches of travelers’ cellphones and laptops at airports and border crossings nearly quadrupled since 2015 and were being done for reasons beyond customs and immigration enforcement, according to papers filed Tuesday in a federal lawsuit that claims scouring the electronic devices without a warrant is unconstitutional.
The government has vigorously defended the searches, which rose to 33,295 in fiscal 2018, as a critical tool to protect America. But the newly filed documents claim the scope of the warrantless searches has expanded to assist in enforcement of tax, bankruptcy, environmental and consumer protection laws, gather intelligence and advance criminal investigations.
Agents with U.S. Customs and Border Protection and U.S. Immigration and Customs Enforcement consider requests from other government agencies in determining whether to search travelers’ electronic devices, the court papers said. They added that agents are searching the electronic devices of not only targeted individuals but their associates, friends and relatives.
The new information about the searches was included in a motion the Electronic Frontier Foundation and the American Civil Liberties Union filed Tuesday in U.S. District Court in Massachusetts.

“The evidence we have presented the court shows that the scope of ICE and CBP border searches is unconstitutionally broad,” said Adam Schwartz, senior staff attorney for the EFF, based in San Francisco.

“ICE and CBP policies and practices allow unfettered, warrantless searches of travelers’ digital devices and empower officers to dodge the Fourth Amendment when rifling through highly personal information contained on laptops and phones,” he said.

The problem is that if you complain, you will be taken into a separate room and made to wait to see an official, which will virtually guarantee a long delay; the idea being to cause a missed flight and teach you a lesson not to fight or complain.

Greg Mannarino talks to Greg Hunter about Gold and Silver:

https://www.youtube.com/watch?v=jUG4p07USGg

Good interview with Chris V. today. I agree with his longer term analysis of the 2016 surge being a distinctive move higher as the first initial impulse leg, but that the last few years have been a painfully boring basing pattern from which PMs and related stocks will move out of this to the upside. Yes it may still take a while, but I expect the move higher to take out the $1377.50 high from 2016 this year in 2019.

As for the strategy:

1) Survive = intelligent trading around key positions to bolster them and scalp a few profits here and there by selling the rips and then repurchasing the dips.
Build up cash reserves for deployment. Don’t go all in on just a few speculative names, but balance ones portfolios across a basket of names, stages of mining sector (producers, developers, explorers, royalty/streaming companies), and across different commodity sectors (Gold, Silver/Zinc/Lead, Copper, Nickel, Platinum, Uranium, Lithium, Specialty metals).

2) Thrive = by capitalizing on any future weakness to establish one’s core positions in the stocks that have the ability to outperform their peers based on the quality of their project, their economic margin increases on rising metals prices, and one that won’t dilute you to infinity and beyond during the next year or so as we await the next impulse leg higher of the cyclical bull to take off, for the last big chapter of the larger secular bull.

Ever Upward!

Told ya……..real estate soft…..and has been
https://www.zerohedge.com/news/2019-04-30/blow-top-bay-area-median-home-price-drops-first-time-7-years
The Tax write off was a BIG ONE…..

/Es…this is a tough short, period..spxs needs 19.01 for me to get even….Shorts need to see a vix over 14.18 50 ema for any downside traction