Adam Montana Weekly 15 April (NOT tax day!) 2020

[Adam Montana]

Good morning DinarVets!

 

So, day 1,354,298 of the lockdown... we now know everyone's actual hair color, most of us have forgotten how to tie our shoes and "pants with buttons" are things of the past.

 

Other things that have changed - Today would normally be "tax day" in the USA, but not in 2020! Thanks to the Kung Flu, that deadline has been extended to July 15. Everyone's personal situation is different, but I have to wonder how much more things are going to change between now and July 15... we can't just keep printing money and keeping people at home and expect it to all work out ok.

 

Don't take that the wrong way - I'm in favor of social distancing during this time. But I'm also in favor of being real about the overall effects, both immediate and long term.

 

 

 

The "dislike" button has been removed from DinarVets because I felt it was being abused and there are some members who only come here to hand out the rubies. Life is too short to be angry and bitter, my friends! I left the other reaction options - spread some love, you'll like it. 

 

❤️ 

 

Bernie Sanders, Elizabeth Warren, and Barrack Obama have all officially endorsed Joe Biden as the man to take down Trump. I'm curious who you all believe he will choose for a running mate? Kamala Harris appears to be the odds favorite, but tell me what you think! 

 

On to the Dinar - education is key in many things, especially when it comes to just understanding how it works. I explained how the Auctions and the Iraqi Budget work in pretty simple terms recently (you can find that here), and this article posted yesterday by @DWS112 ties in to those topics. 

 

OIL is currently under $20 (WTI), which is unsustainable on many levels. The largest OPEC production cut in history was agreed to on Sunday, in an effort to get prices moving up again... the markets don't seem to be reflecting that yet, but I have no doubt that OIL will go back up.

 

Here's the bottom line:

 

1. The world isn't going to stop using oil. Not even COVID-19 can make that happen.

2. OIL will never be free. Period, end of story, that's "all she wrote". Oil will never be free.

 

With Iraq being in the top ranks of all OIL producing/selling/exporting countries in the world, it has a lifeline that will never go away. Not in our lifetimes, anyway!

 

Perhaps the most interesting Iraqi thread of the week (so far!) is this one:

 

 

I say "so far" because one of these days we're going to have a huge winner in the Powerball Pool, and it may as well be today!* Get in here.  

 

*The lottery is a random chance. The IQD is not random. But if you play the lottery, you may as well join us in there!

 

 

That's all for this morning, my friends! Stay safe, stay clean, cover the coughs and wash the hands, and 

 

GOOO RRRRVVVVVV!!!!!

 

 

- Adam

[ChuckFinley]

Thanks Adam for the update. The ladies in my house are showing their true colors and I am minding my own business.

 

To you and your staff, stay safe and I will see you all on the other side.  

[Joel G]

Thank you Sir and have a Great day!   spread the love!

[olivesman]

THANKS.

I'm IN with Dinar ownership.

Now I'm off to get IN on the POWERBALL group.

 

 

Edited April 15, 2020 by olivesman

[Smokey Mtn. Dinar]

15 minutes ago, Adam Montana said:

So, day 1,354,298 of the lockdown... we now know everyone's actual hair color, most of us have forgotten how to tie our shoes and "pants with buttons" are things of the past.

 

 

Well, I wear boots, when I wear footwear. And Miss Clairol has been my best friend for YEARS! 😉   

 

If we only had one additional dinar for everyday we are in lock-down.......  🙃

 

As for your "pants" comet, I ain't sayin' nuthin  

 

 

Have a Great Day, and

 

 

GO RV

 

 

 

 

[DWitte]

I guess I must be different than most of the world.  I get dressed every single day.  Mo matter what.  Why do I tell you this???  Because I have nothing else to do.  Enough said or do you want more???

 

DW

[fredst]

Potential VP candidate for Biden: Stacey Abrams. 
waaaayyy Left, woman & black. 
From Georgia and is well liked in Florida (a key, must-win for either party. 
IMHO

[DWitte]

Just now, DWitte said:

I guess I must be different than most of the world.  I get dressed every single day.  Mo matter what.  Why do I tell you this???  Because I have nothing else to do.  Enough said or do you want more???

 

DW

BTW, I don't own any sweat pants and the women in my life are not allowed to wear them either.  There are enough "loose" fitting clothes that look much better.  I don't ask for much, but when I do........................I like my women hot.

Don't show the Mrs. please.

[eburt]

Thanks for the update - Hopefully one day soooon the CBI will RV their currency.....

[nannab]

Thanks Adam 

[WISKY291]

Thanks, Adam

[DinarThug]

1 hour ago, Adam Montana said:

Good morning DinarVets!

 

So, day 1,354,298 of the lockdown... most of us have forgotten how to tie our shoes

That’s No Problem - I’ve Just Been Painting My Feet !  

 

 

Which Reminds Me - I Need To Go To Home Depot To Pick Up A Few More Gallons Of Sherwin Williams ...

 

 

And Some More Rollers ...
 

     

[MyLadiesDaddy]

For me the definition of SUDDENLY is when absolutely no one is expecting something to occur. 

Pretty sure we're there.  So you say 

 

1 hour ago, Adam Montana said:

we can't just keep printing money and keeping people at home and expect it to all work out ok.

Sure we can 

When a Billionaire writes nearly everyone in the country a check you would do well to believe he knows how to pay for it. We're living in the biggest smoke screen in the history of the world. And I seriously doubt that life as we've known it will ever return, but one thing I know for certain........

Babylon Will Rise 

SUDDENLY 

[a-j516]

if anyone can figure out how to make it all work and the finances work its president trump.  everyone should back him now when it is crucial.

[yendor]

I,too, would like to know how much "freedom" we are expected to give up so as to not infect others. Myself, I think things have gone overboard...... People out of work.... the market has lost fortunes..... nothing on TV except COVID 19  stuff......people have lost their livelihood.... as for me (to quote Patrick Henry) GIVE ME LIBERTY OR GIVE ME DEATH !!!!!!!!

[psdon]

OR GIVE ME A  THANK you Adam

Edited April 15, 2020 by psdon

[alreis]

I don’t think it matters whom Biden picks as a running mate, it is dementially   assured he will not remember there name.

[NevadaSam]

Thanks for the updates Adam, I never used the "dislike" button, if I didn't like the comment, I would just go on to the next one, as for the lockdown, I have been laid off and looking for work, I have been working contract jobs (short term) since 2009. But when I was living in the Vegas area, there have been times, I would sit every day in front of my computer searching for a job, and I would do this sometimes for over a year.......sit there, find a job and apply, so, right now, nothing is different from what it has been like the last 11 years. Lots of practice for this lockdown/quarantine. Hope everyone is doing all right. Now....back to the job search

 

Stay safe everyone

 

Gooooooooo RV 

[Pitcher]

Thank you Adam.  

 

I think Harris is a good safe bet.  Maybe Abrams, or HRC.  It will be a female and probably a woman of color.  

 

I know some may be “angry” at the dislike button being removed.  Unfortunately some of those folks without a sense of humor have gone from the angry to the confused emoji.   I’m glad you got rid of it.

 

Some posters when they found out the dislike button was taken down

 

 

 

 

 

The US Stock Market got a little dose of reality and came off the sugar high of the Stimulus money thrown at it by our Government and Fed.  Q2 will be abysmal and there is no way to sugar coat it, earnings are going to be bad!!..  I’m not too sure the Market has priced in Q3 and Q4 yet but I believe today was the first sign that it might be doing so.  

 

We we are currently, at 2:30 PM ET, rallying to the 38.2 retrace line for today’s drop which is a real good sign.  The S&P is holding the 50% retrace of the overall selloff from its low in March.  (Incredible Rally). We may see a sell off into close but overall it wasn’t as bad a day as it could have been.  Some say the bottom is in and we won’t retest the March lows.  I don’t know how they make those claims ( do they have a crystal ball).  I want to see how Q2 earnings shake out and I want to hear the forward guidance.  

 

I had had one Swing going on RTX but it’s holding on by a thread.  If it breaks my disciplines I’m out with a small gain.  It’s a tough environment for longs.  My Day Trading has been going great.  I can find plenty to trade but it is a tough way to play the market.  Today I traded Pton, MRNA long and shorted UAL. 

 

Below is my Daily S&P board.  I circled 4 items of interest and below the chart are my thoughts. 

 

 

Starting with the top cicle and going down, 

 

1.  The top circle is the Price of the S&P 500.  It broke above the EMA 50 in fine fashion yesterday but fell today on some bad Bank earnings.  The uptrend is still intact and I believe we will be in for some chop the next 2-3 weeks as we get Earnings and forward guidance from the companies reporting.  We are basically sitting right on that Fib 50% retrace line from the lows in March.  We may retest the EMA 20 but in my mind if we can hold that line we should be ok.  We may be rangebound until we get horrible news or good news.  Personally,  I think the Markets are working well, they took the hit, got the Fed backstop, ran to high too fast, and now we wait for news on CV, opening our economy, and Earnings plus forward Guidance.  It’s very orderly even though it may no seem like it.  We are in VERY unprecedented times.  

 

2.  This is my own Indicator which shows the current uptrend is under pressure. As long as it doesn’t go Red the uptrend may continue to go higher. 

 

3.  This is the Williams Accumulation/Distribution Indicator..  It’s right at my halfway point, so it could go either way.  The Market is pausing to figure out the earnings.  It will change with the news,

 

4.  This is the MACD Histogram ( yellow bars) overplayed on Stochastic 13 %K 3.  It is showing a topping pattern for this current rally. We may need to come down some but I really believe we are going to be rangebound for a few weeks.  We are probably at top of the range (2850-2800) for the time being and the bottom may be around 2500-2550 on the S&P.  

 

I am always amazed at how the US Economy gets through these extraordinary crashes.  In the last 20 years we have had a Dot Com bubble burst, 9/11 Terrorist Attack,  2 Prolonged ME wars, the Financial Meltdown from the Housing Debacle, and now this Coronavirus Crisis.  As a fairly Conservative Money man I get very nervous about the US Government soon to be 22-28 Trillion Deficit.   Printing money like we are is unsustainable.  Maybe the RV helps pay for it all.  Go RV/RI and CV, be gone!! 

 

 

 

 

 

 

[RV-2-Day]

Pitcher -- Doesn't the debt and money printing signal inflation an Gold & Silver up.  Why, in your opinion are we not seeing them increasing faster  -- comments

 

[NoviceInvestor]

Thank you Adam and team-  your choice to remove the dislike  button is a good one, however those with grievance issues on their mind will verbalise their discontent but to no avail. 

On a lighter note I am praying your text comes soon. 🙏🏻

Edited April 15, 2020 by NoviceInvestor

[Man_Kind]

Biden will  probably have Greta Hamberg-er for a running mate.   like Joey says , I love to bounce  the youngsters on my lap.😛

[DinarThug]

27 minutes ago, Pitcher said:

Some posters when they found out the dislike button was taken down

 

 

Ya - Poor Weegie’s Concerned About What The Audience Will Throw If They Don’t Have Access To Any More Soft Red ‘Tomatoes’ !  

 

 

     
 

Edited April 15, 2020 by DinarThug

[Pitcher]

1 hour ago, RV-2-Day said:

Pitcher -- Doesn't the debt and money printing signal inflation an Gold & Silver up.  Why, in your opinion are we not seeing them increasing faster

You would think that is the case.  The powers that be are keeping a lid on inflation gold and silver.  Why and how?

They just keep printing what they need. They can get away with it as long as the dollar is strong and capital keeps flowing into our country. Also as long as other countries keep buying our debt.  It’s fiat currency and in World History that never ends well for the countries that are using it.  I’m hoping they have some way to pay off our debt or have something up their sleeve that we don’t know about. If not we won’t have inflation, we will have Super Inflation.  I have my personal feelings about what is going on but that is a discussion for the Conspiracy Thread.  There are many books written about the coming economic crash. Most were written 10 years ago after the Financial Meltdown.  Look up Harry Dent. His book maps it out as good as many I have read.  

[Pitcher]

1 hour ago, DinarThug said:

The Audience Will Throw If They Don’t Have Access To Any More Soft Red ‘Tomatoes’ 

Or both kinds of music, Country and Western!!😀😀