MARKETS,Anybody even yet?

[wildman49]

Still a big seller in the Bond market.

[olds442jetaway]

I like history almost as much as VP. And of course, it always repeats itself.

[dinghy]

My top individual stock holding (AEM) is +4%. Normally that would be good.

AEM +4% again today. Now it IS good, as the broad market is going the other direction.

[olds442jetaway]

Yep. The billionaires and funds may have gained 9 percent or so yesterday, and may make another 5-10 percent today shorting almost everything. I should have bought Agnico back in January. . It’s doing much better than Barrick that has a higher dividend, but Agnicos climb is steeper.

[dinghy]

Oil cannot catch a break. Energy is today's worst-performing US sector.

It helps my gold miners a little though by reducing their costs.

I'm reluctantly selling out of my KWEB. Bessent spooked me when they asked him about delisting Chinese stocks, and he said all options are on the table.

[dinghy]

I should have bought Agnico back in January. . It’s doing much better than Barrick that has a higher dividend, but Agnicos climb is steeper.

Gold mining companies have a reputation for incompetent or corrupt management, and Barrick is probably an example of that, whereas Agnico is arguably the best in the industry. AEM is also relatively expensive though on the usual metrics.

Gold miners are still my heaviest allocation by far, but I'm gradually reducing as they're not as cheap as they used to be. I think the more compelling bargains, which I've been accumulating the last several days, are other natural resource companies.

[wildman49]

Just bear market now short sellers in control for now

[wildman49]

10 year in free fall so much for Trump put, this is a big problem.

[dinghy]

Just bear market now short sellers in control for now

I'm in the mood to buy, but everything I want is still well above the recent lows. Today I've only bought XES, and that was because I sold shares into the rally yesterday.

10 year in free fall so much for Trump put, this is a big problem.

Yield is pushing up toward 4.40, and supposedly the panic level is 4.50.

Currencies are also unstable. This year the USD has fallen from 158 to 145 against the JPY -- which could trigger stress related to the "yen carry trade." It's rumored that the Japanese have been big sellers of Treasuries just lately.

[olds442jetaway]

They own even more of our debt than China.
I did notice the p/e on AEM.