Today might just tell the tale.
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DAY WILL MAKE US BLEED !
AL AND FRINDS ! You always go back to your COMFORT ZONE !
AL ! Luke diss IMF witch joking your FIRST !!!!!!!!/Users/lesagefranky/Desktop/6839122251_a7f6353287.jpg ! luk may 1 post !
/Users/lesagefranky/Desktop/6839122251_a7f6353287.jpg
Gotta be able to sleep franky.
If you don’t get any sleep, you can accomplish nothing!
yes ok agree !
We are in a recession.
In order to determine growth, you take the GDP and subtract the price inflation.
If you lie about inflation and put it low, the GDP appears higher.
The REAL GDP is not growing, i.e. we are in recession already.
23% real unemployment is a depression and add to that the militarization of US police forces; even as a Canadian I’m getting a passport so I can spontaneously head for s. america.
You know anything about economics CFS? (Probably more than most of us!)
AL……..That cfs is one clever cookie……………
I agree with CFS…….we are in a recession………..Youth unemployment 50%….35 hour work week……….
Hey…..golds not doing well……the pig won’t move.
YOU’RE NOT USING ENOUGH………..LIPSTICK
Proshares just did a 4-1 reverse on AGQ. I am wondering why? Are they afraid silver is ready to explode and they want to discourage the run? Can anyone help me understand this reverse?
YOU can’t ask ape more shares to manipulate or less bye careful !
The knee-jerk reaction of so many investors is to sell anything that goes through a share consolidation. With ETFs this is a mistake. So this could be an attempt to shake a few people out before it launches. The higher price could also be intended to discourage small investor participation. Some people don’t like to buy just a few shares of something. There’s also the perception that upside is limited if the share price is high. With an ETF, this perception is wrong.
AGQ will offer the same leverage whether it’s $6.50 or $65.00. If you liked it before the reverse split, you should like it now.
Good point Matthew
Today is a buying opportunity. Silver and the juniors look the most attractive.
I mast agree ! Matthew good picking !
[…] […]
Proshares did not explain there actions. Does not make a lot of sense to me, unless they have been picking up a lot of small investors and simply don’t want to handle them.
ProShares Announces ETF Share Splits and Reverse Splits
Bethesda, MD, January 10, 2014—ProShares, a premier provider of alternative ETFs, announced today share splits and reverse share splits on the ETFs listed below. The splits and reverse splits will not change the value of a shareholder’s investment.
Splits
The following ETFs will split shares:
Ticker ETF Split Ratio
BIB ProShares Ultra Nasdaq Biotechnology 2:1
MVV ProShares Ultra MidCap400 2:1
FINU ProShares UltraPro Financials 2:1
TQQQ ProShares UltraPro QQQ 2:1
SVXY ProShares Short VIX Short-Term Futures ETF 2:1
All splits will apply to shareholders of record as of the close of the markets on January 21, 2014, payable after the close of the markets on January 23, 2014. The ETFs will trade at their post-split price on January 24, 2014. The ticker symbols and CUSIP numbers for the ETFs will not change.
The splits will decrease the price per share of each ETF with a proportionate increase in the number of shares outstanding. For example, for the 2-for-1 splits, every pre-split share will result in the receipt of two post-split shares, which will be priced at half the net asset value (“NAV”) of a pre-split share.
Illustration of a Split
The following table shows the effect of a hypothetical 2-for-1 split:
Period # of Shares Owned Hypothetical NAV Value of Shares
Pre-Split 100 $100.00 $10,000.00
Post-Split 200 $50.00 $10,000.00
Reverse Splits
The following ETFs will reverse split shares at the following split ratios:
Ticker ETF Split Ratio Old CUSIP New CUSIP
EWV ProShares UltraShort MSCI Japan 1:4 74347R347 74348A459
SPXU ProShares UltraPro Short S&P500 1:4 74348A632 74348A442
EPV ProShares UltraShort FTSE Europe 1:4 74348A301 74348A434
QID ProShares UltraShort QQQ 1:4 74347X237 74348A426
SQQQ ProShares UltraPro Short QQQ 1:4 74348A665 74348A418
SMDD ProShares UltraPro Short MidCap400 1:4 74348A657 74348A392
SJH ProShares UltraShort Russell2000 Value 1:4 74348A509 74348A384
SBB ProShares Short SmallCap600 1:4 74347R784 74348A376
SIJ ProShares UltraShort Industrials 1:4 74348A103 74348A368
FXP ProShares UltraShort FTSE China 25 1:4 74347X567 74348A350
MZZ ProShares UltraShort MidCap400 1:4 74347X211 74348A343
TWM ProShares UltraShort Russell2000 1:4 74348A202 74348A319
SDD ProShares UltraShort SmallCap600 1:4 74348A400 74348A327
SRTY ProShares UltraPro Short Russell2000 1:4 74348A640 74348A335
SKK ProShares UltraShort Russell2000 Growth 1:4 74347X195 74348A293
AGQ ProShares Ultra Silver 1:4 74347W841 74347W353
UVXY ProShares Ultra VIX Short-Term Futures ETF 1:4 74347W379 74347W346
All reverse splits will be effective at the market open on January 24, 2014, when the ETFs will begin trading at their post-split price. The ticker symbol for the ETFs will not change. All ETFs undergoing a reverse split will be issued a new CUSIP number.
The reverse splits will increase the price per share of each ETF with a proportionate decrease in the number of shares outstanding. For example, for a 1-for-4 reverse split, every four pre-split shares will result in the receipt of one post-split share, which will be priced four times higher than the NAV of a pre-split share.
Fractional Shares from Reverse Splits
For shareholders who hold quantities of shares that are not an exact multiple of the reverse split ratio (for example, not a multiple of 4 for a 1-to-4 reverse split), the reverse split will result in the creation of a fractional share. Post-reverse split fractional shares will be redeemed for cash and sent to your broker of record. This redemption may cause some shareholders to realize gains or losses, which could be a taxable event for those shareholders.
Illustration of a Reverse Split
The following table shows the effect of a hypothetical 1-for 4 reverse split:
Period # of Shares Owned Hypothetical NAV Value of Shares
Pre-Split 1,000 $10.00 $10,000.00
Post-Split 250 $40.00 $10,000.00
About ProShares
Offering the nation’s largest lineup of alternative ETFs, ProShares helps investors to go beyond the limitations of conventional investing and face today’s market challenges. Each ProShares ETF provides access to an alternative investment strategy delivered with the liquidity, transparency and cost effectiveness of an ETF. ProShares’ lineup of 144 ETFs includes Global Fixed Income, Hedge Strategies, Geared (leveraged and inverse), and Inflation and Volatility ETFs.
Media Contact:
Tucker Hewes, Hewes Communications, Inc., 212.207.9451, tucker@hewescomm.com
Jan 10, 2014
ProShares has the largest lineup of alternative ETFs in the United States according to Financial Research Corporation (“FRC”), based on analysis of all the known alternative ETF providers (as defined by FRC) by their number of funds and assets (as of 3/31/2013).
ProShares’ geared (leveraged and inverse) ETFs seek returns that are 3x, 2x, -1x, -2x or -3x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next, before fees and expenses. Due to the compounding of daily returns, ProShares’ returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.
Investing involves risk, including the possible loss of principal. ProShares are generally non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Please see summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.
Investing in ETFs involves a substantial risk of loss. ETFs are not suitable for all investors. AGQ, SVXY and UVXY are not investment companies regulated under the Investment Company Act of 1940 and are not afforded its protections. Regarding AGQ, the price of silver is volatile and may be affected by large institutional purchases or sales, indirect investment in gold and silver, industrial usage, and political and economic concerns. SVXY and UVXY invest in futures. VIX futures are among the most volatile futures contracts. A fund’s exposure to its index may subject that fund to greater volatility than investments in traditional securities, which may adversely affect an investor’s investment in that fund. VIX futures indexes are mean reverting; funds benchmarked to them should not be expected to appreciate over extended periods. Due to defined time periods and other features, VIX futures indexes and funds benchmarked to them can be expected to perform differently than the VIX.
Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing. Separate ProShares Trust II prospectuses are available for Volatility, Currency and Commodity funds. Obtain them from your financial adviser or broker/dealer representative or by visiting ProShares.com.
This information must be accompanied or preceded by a current ProShares Trust II prospectus. ProShares Trust II (issuer) has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at sec.gov. Alternatively, the issuer will arrange to send you the prospectus if you request it by calling toll-free 866.776.5125, or visit ProShares.com.
Gold price management game will end when GLD is down to it’s last 10 oz’s and reverse splits shares to 1 gram/share. How many grams in 10 ounces?
311.033333 grams = 10 troy ounces
SORRY 31,10333333 ok !
Franky, your number is for one ounce! OK?!
guess they’ll have to use nano grams then…
yes scooter nice ! i agree !
Thanks cfs
cfs……..you are a goldmine of information……..Thank You..for putting so much time & effort into what you post on this sight.
ditto
If gary is correct, about global destruction and there is a lot of sense in that, then rather than paper trading PM we all should be just buying physical and holding it, period. Its a matter of when and how, not if.
and in this case this bull market is a meltup and you had better have your chair when the music stops.
Not as of the end of today, hal!
Gold gives up $1270 very easy
Getting crushed.
$1250 is the next level to fail again.
Déjà déjà déjà vu
Gold has been clobbered from 1274 back to 1250. Old old story.
What about stocks and bonds? I would like to share a chart that I pulled up on stockcharts dot com last week. of the S&P500 and the 30 year Treasury bond:
http://1000gold.blogspot.com/2014/01/stocks-and-bonds-charts-for-usa-long.html
Are we currently just in another emerging market debt crisis like 1996-1997 and 1998? What will this do to US interest rates? Can we get a bounce in the bonds and a fall in US interest rates or is it all going pear-shaped for the USA too?
Gary has made some really astute and balanced comments, I feel. Stocks could take a dump here for a while and they could still go into a blow off phase afterwards. The 1998 correction in the S&P was severe and then the blow off occurred into 2000.
However, with regard to the fundamental picture, the economic picture right now is really DIRE compared to 1998-2000 period (except for the fracking boom which is a bit of a wild card).
IMHO the ONLY reason we did not see hyperinflation was due to the unleashing of multiple huge natural gas reserves from fracking innovations. Otherwise $12 gas would be in North America also.
Too many “investors” getting ahead of themselves. Way ahead.
James, at the moment, I think you are getting way ahead of yourself. Take a look at the daily chart for gold (GLD). It remains above the 50/55 day moving average; the RSI is still above 50; the MACD is nowhere near a sell signal; volume is still bullish; money flow is positive. It hasn’t even gone below the very short term 5,8, and 13 day moving averages.
Gold is being accumulated.
Gold needs a breather here. It’s not yet unhealthy. It has to bump its head on resistance somewhere and there has been plenty of resistance for 2 years!!
Probably would have to agree today.
Just like I thought the PPT is bringing the market right back.
I’m in the UK. and I see the same conspiracy nonsense on message boards over here. The fact is that virtually every commodity I look at has been in a downtrend over the last two years. A 2-3 year bear market was needed to wash out extreme bullish sentiment. Investors should embrace it for it ensures the secular bull trend could last until the end of the decade.
That is probably a pretty good point karl345345
a QUEEN LOVER SOO NICE !
GO KILL SAME IRAQES STRONG BOY THE QUEEN NEED MONEY AND OIL YOU REAL MAN !
Not attempting to justify in the least, but killing prisoners is pretty much standard procedure.
The Turks marching a million Armenians comes to mind, 1 in 10 captured Germans in Russia return after the war, somthing like that, the guys taken by the Japanese, natives on reservations after they surrendered and negotiated a peace, the consentration camps were full of prisners, examples are endless.
Nice if the world went christian, thou shalt not kill,steel, beware moneychangers, thou shalt be pretty unlikely if ya ask me.
Franky,
looks chemicals not depleted U.
I no like the stuff ! and all diss ! i go walk the dog ! bye !
Please name one weapon of mass destruction that uses depleted uranium.
Please define the word depleted, Franky. Maybe then you will understand.
That film was (pardon my language) utter crap.
Here’s why: No link between pictures and cause.
Clear display of at least one faked picture puts all pictures in question.
Maybe the US should return to poisoning through use of lead bullets?
No mass destruction long time crap !http://www.youtube.com/watch?v=yGUIUQp3LsQ
BYE BYE NOW ! go walk the DOG LONG WALK BYE !
I think the fact that gold was able to hold on to $1250 was a good thing.
With the Apple earnings in that could add more downside pressure to the stock markets tomorrow.
YOU THINK I’M JOKING ( IMF ) Day live in a total adder world ! OF OCCULT MASONIC LODGES AND NUMBERS ! A MAST LUK ! http://www.imf.org/external/mmedia/view.aspx?vid=3059557762001 !