Investing

[Tigeraholic1]

14 hours ago, Screwball said:

Interesting chart porn of the day. Silver must be the new tulips. What a ride. First chart a 3 year by week. The horizontal yellow lines go back 5 years ago. Nothing related to today. Haven't looked at the chart for quite a while.

As you can see it didn't do much for quite a while, then went up a bit in April/June of 24 until April of 25 and took a ****. Then went nuts. Looks like a hockey stick. A closer look;

I'm not sure what's going on here. Is it a tulip thing or... Silver needed for data chips?

On the other side of the coin (no pun intended) one would think the ass kicking winter has already brought us would drive the price of Natty Gas up, no? Well, it kinda did, but what's going here the last few days or week?

Looks like a gap to get filled there too.

Yes, sliver is used in many industrial applications.

[Screwball]

The pot stocks are flying today, some up 30-40%.  Most are small caps so they trade like a penny stock so you can make a killing - and get your face ripped off as well.

Silver is taking a breather so far today, down almost 5%. Gold down a little but gave up quite a bit from open. I'm kinda with this guy;

This probably has something to do with it, especially recently. 3 month chart by day of the dollar index. The metals usually trade inverse to the dollar index;

[gehringer_2]

11 of 12 Fed Rev Presidents reappointed. Powell might be on his way out but it's business as usual for the system.

[Screwball]

Well, you have people like Neel Kashkari and Austan D. Goolsbee on the FOMC, but I don't think Neel (cabin a woods or some sort of horse****) Kashkari has a vote right now. Goolsbee is a ghoul and FOS up to his ears.

Neel... I remember people defending that little creep back during TARP days. Spit!

[Deleterious]

Whoa.

 

[Screwball]

EV investments. Needs infrastructure to scale. Don't forget the crypto mining uses uses lots one may never consider. Add the data centers and the demand that comes along with them. Remember the "going green" push to use renewables and new tech for power? How long will it take to scale, if it can?

Tracking electricity consumption from U.S. cryptocurrency mining operations - from the eia.gov

How Much Additional Power Will Data Centers Need by 2035?

Crypto is a small percentage but I would guess location may matter for a grid.

Edited Tuesday at 01:14 AM by Screwball

[gehringer_2]

38 minutes ago, Screwball said:

Don't forget the crypto mining uses uses lots

Europe came close a couple of years ago but backed away from banning the so called 'proof-of-work' system of Bitcoin's which is what sucks so much power. It may yet happen though.

[Screwball]

Funny, from that EIA report:

Quote

Electricity demand associated with U.S. cryptocurrency mining operations in the United States has grown very rapidly over the last several years. Our preliminary estimates suggest that annual electricity use from cryptocurrency mining probably represents from 0.6% to 2.3% of U.S. electricity consumption.

I had a little AI conversation with my Aussie buddy. What kind of numbers are we talking about. Somewhere between .6 to 2.3 percent of US annual usage according to that EIA report. How much is that and what does it to?

That sounds nuts, but that's what it says.

 

 

Edited Tuesday at 04:53 AM by Screwball

[Deleterious]

When billionaires day drink.

 

[Deleterious]

They cant get memory for it.

 

[Tigermojo]

29 minutes ago, Deleterious said:

When billionaires day drink.

 

 

[Deleterious]

 

[Screwball]

4 hours ago, Deleterious said:

When billionaires day drink.

 

A fine line between a genius and an idiot... If Space X IPO's at some point, he might be our first trillionaire.

[Screwball]

How about some chart porn. First the S&P. Since the recent highs from interest rate euphoria the S&P is now back inside that long candle from back on October 10. Yellow arrow are the rate cuts.

And then there is this one - Silver.

The June 24th bubble at $35.195 to today at $67.18. What a ride! That's almost a double in 7 months. 

[Deleterious]

They might be the first ones to pop.  One of the companies loaning money for data centers turned Oracle down today due to high debt load.

 

[Screwball]

Yea, let's take a peek a some of them. First ORCL

How about NVDA

The MAGS ETF is holding up, but a big red candle today;

They are suppose to go from the bottom left to the top right...

 

[gehringer_2]

42 minutes ago, Screwball said:

They are suppose to go from the bottom left to the top right...

 

[Deleterious]

This is what I mentioned earlier.  I didn't realize it was a Michigan data center, though.  I swear, we must have 50 different proposed data centers in this state.