Terry Steffen
@steff147
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Statistics geek, programmer, career background in finance. Tweets are not investment advice.
Grand Rapids
Joined May 2009
Gold is a good example of an asset that should be traded rather than owned. During the last 34 years, gains were made in just 9 of those years. The other 25 years, or 73% of the time, it was dead money. All while the stock market was on fire.
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$ASTS looked great at the close. It's down 5% pre-market. It needs some time to shake out the weak hands. Similar story for $RKLB.
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If Platinum is going play catch up Gold, it has a long way to go.
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$IREN Today's close could be a turning point for this data center stock.
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Santa has been kind to Silver (SLV) as well. For the 19 years I have data, there were 84% winners with an average gain of 2.88%.
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As someone else pointed out, the Santa Claus rally period has been a good time for gold (GLD) as well. The last 20 years were all winners except 1 with an average gain of 2.48%.
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One of the differences I've observed between the miners and the commodities is that they have a harder time when stocks are weak like today. Silver and gold have no problem thumbing their noses at the market but the miners are still stocks after all.
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$SLV - Silver is breaking out for the 3rd time in about a month.
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Lack of insurance ads is not the problem. It's the abundance ads for drugs and lawyers. Real cost drivers: 1) the slimy way pharma drugs are distributed 2) if I am harmed by a medical product or procedure I suddenly become extremely wealthy and so does my lawyer
Scalise: "Everybody complains, 'Why when I watch TV commercials do I see this Gecko lizard and emu and all these other animals out there selling car insurance and homeowners insurance? Why aren't they selling health insurance?' That's because the laws at the federal level
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Combine this with the Put/Call ratio spike and a $TRIN spike and it's "Hey dude, let's party!"
Volume typically spikes near market bottoms Yesterday, $SPY volume surged above 122 million Over the past 3 years, this saw the S&P 500 higher every single time 3-4 weeks later. 3 week average gain was 4.9%
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Health care costs in the United States are beyond outrageous. They reflect a badly broken system that starts with Congress. In a properly functioning system of government by the people, the people would never stand for this.
Rep. Roy in @RulesReps: “Now we're sitting here, and we're listening to nonsense about health care, where my colleagues on the other side of the aisle sit here saying, 'Well, you guys aren't doing anything about the massive, expensive cost of health care.' Why do you think it's
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$TRIN spiked above 2 this morning which can often mean a rally in the next couple of days
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