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At least they appear to be telling the world what is happening and not trying to cover up the severity.
The current new wave of coronavirus infection in Beijing is throwing a cat among the canaries. The degree to which the government is closing down the area and testing everyone in sight shows deep concern.
It seems to be a new strain of COVID 19 and seemingly more contagious and more virulent.
https://www.theguardian.com/world/2...break-travel-restricted-china-severe-measures
The current new wave of coronavirus infection in Beijing is throwing a cat among the canaries. The degree to which the government is closing down the area and testing everyone in sight shows deep concern.
It seems to be a new strain of COVID 19 and seemingly more contagious and more virulent.
https://www.theguardian.com/world/2...break-travel-restricted-china-severe-measures
Hopefully not and hopefully not with a direct connection between the sterilisation and the convulsing and dropping dead.I guess we can expect to see more mass outdoor sterilisation & citizens convulsing and dropping dead in the streets again.
At least they appear to be telling the world what is happening and not trying to cover up the severity.
Interesting to compare this approach with Trump saying that the US they would have far fewer COVID infections if they just stopped testing people.
Yeah it was a reeeeally choppy day.The current new wave of coronavirus infection in Beijing is throwing a cat among the canaries. The degree to which the government is closing down the area and testing everyone in sight shows deep concern.
It seems to be a new strain of COVID 19 and seemingly more contagious and more virulent.
https://www.theguardian.com/world/2...break-travel-restricted-china-severe-measures
Nah take a look at FMG, RIO and BHP - aside from one big dip, they were all flat early april-early/mid may and then took off. Iron ore took off late april/early may.
Also worth thinking about what made iron ore take off - precisely because of a realisation of a future collapse in brazilian supply perhaps?
Yeah it was a reeeeally choppy day.
U.S didn't care about chinese virus cases over the weekend like AU did though - AU tanked on monday, U.S didn't.
People should practice common sense and have a data driven rather than visceral response.
The thing is that with the USD being the world's trading/reserve currency, it doesn't even really debase it. The fact that it's the trading/reserve currency is precisely why they're able to get away with abusing it like they do.It was the FED, as usual, that stepped in to calm the markets with their announcements. The FED will never be able to raise rates now, and I mean absolutely never. They are completely backed into a corner of currency debasement, in perpetuity, so long as the FED is a functioning institution.
The thing is that with the USD being the world's trading/reserve currency, it doesn't even really debase it. The fact that it's the trading/reserve currency is precisely why they're able to get away with abusing it like they do.
And when you consider the upside down demographic nightmares that the rest of the world has, money's going to continue to flow into the U.S for decades yet on account of the rest of the world being an even worse option.
The 30 year bond rate is as low as it is for a reason.
When did you get into DEG?Oh and it might be worth taking a crack at some gold miners - I made some tidy return in the GFC buying a couple of penny stock gold miners. Currently I hold DEG & MGV, will probably buy SLR again too as it's in a nice dip at the moment. If you run the graph out to max, you'll see how that yielded a 10-20 fold return if you bought around the gfc era & sold in the wake of it.
Chronus - nah not correct. I actually used to think this myself. Do yourself a favour and watch this video:
And then this one:
And then this one:
It's a half day of time, but it'll blow your freaking mind.
Also, I'm in my 30's too, but I'm one of those guys that's been trading since his teens. I kind of had no choice but to run penny stocks all those years ago!
American economic power waning. Almost the entire rest of the planet (certainly all of the first world aside from AU & NZ) has upside down population pyramids - america's the only one even close to positive at roughly chimney shaped.
America has also been securing global trade since the end of ww2 and it's basically just no longer bothering because it's now oil independent and self reliant for absolutely everything, so the whole planet can burn and they won't even notice, hence no longer securing all the trade.
Not being funny/patronising here - watch the videos.
Not MYL I hope.The play for me is gold and silver developing and/or producing stocks. This is where I want to be for the next decade. At the moment I only hold 2 stocks; one an explorer in Peru, and the other a developer in Myanmar that will mine one of the world's largest silver mines with about ~30% silver leverage to their revenue based on the PFS.
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