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Sam Jennings

Joined: 04/03/15


Comments by Sam Jennings
Dollar Index Futures Apr 30, 2021 1:32PM ET
 Exactly...the T Bills sit, idle, but they are sold for cash, which does get spent...and they seem to always be selling more and more T Bills... and THAT is an inflationary trend... because they keep selling more and more of them. Exactly...the T Bills sit, idle, but they are sold for cash, which does get spent...and they seem to always be selling more and more T Bills... and THAT is an inflationary trend... because they keep selling more and more of them.
Dollar Index Futures Apr 30, 2021 1:06PM ET
 But you are (maybe unwittingly) concealing the other side of the equation.  The T Bill is SOLD for USD... the buyer holds the T Bill... but the issuer takes the money they got from it, and spends that... resulting in more money cycling through the economy...which is an inflationary thing... also: There's no limit to how many T Bills they can issue (Well, there is, right?  But they keep raising the national debt limit.).  If the number of T Bills they can sell is an infinite number, then by issuing them, and using the dollars from those sales to fund the government, they are printing money... especially if banks lend money with fractional reserve lending, so that others can buy them... then they are creating money out of thin air...it's like a crazy juggler act. But you are (maybe unwittingly) concealing the other side of the equation.  The T Bill is SOLD for USD... the buyer holds the T Bill... but the issuer takes the money they got from it, and spends that... resulting in more money cycling through the economy...which is an inflationary thing... also: There's no limit to how many T Bills they can issue (Well, there is, right?  But they keep raising the national debt limit.).  If the number of T Bills they can sell is an infinite number, then by issuing them, and using the dollars from those sales to fund the government, they are printing money... especially if banks lend money with fractional reserve lending, so that others can buy them... then they are creating money out of thin air...it's like a crazy juggler act.
Dollar Index Futures Apr 30, 2021 12:57PM ET
 They're like two sock puppets...right and left hand... They're like two sock puppets...right and left hand...
Dollar Index Futures Apr 30, 2021 12:51PM ET
 And honestly, it can't be accurate... if they print money to make the budget work, they are (by definition) SPENDING it... which means they are doing anything BUT storing it away in the fed's vaults. And honestly, it can't be accurate... if they print money to make the budget work, they are (by definition) SPENDING it... which means they are doing anything BUT storing it away in the fed's vaults.
Dollar Index Futures Apr 30, 2021 12:50PM ET
 No, that still sounds like fakery.  They are still inflating, either way. No, that still sounds like fakery.  They are still inflating, either way.
Dollar Index Futures Apr 30, 2021 12:47PM ET
Maybe the printer got jammed for a few hours.
Dollar Index Futures Apr 30, 2021 12:45PM ET
Is there any official narrative that goes with today's dollar spike?
Copper Apr 30, 2021 12:35PM ET
Today's B. S. was all about the USD climbing... it climbed more than this dropped.
Copper Apr 30, 2021 12:15PM ET
 Actually, that's from the Holy Bible. Actually, that's from the Holy Bible.
Copper Apr 30, 2021 11:31AM ET
Pride goeth before destruction, and an haughty spirit before a fall.
Copper Apr 30, 2021 10:58AM ET
Good thing we have shorts, here, to go dig up more copper, after it runs out. http://www.copperenews.com/copper-warehouse-stocks.asp
Copper Apr 30, 2021 10:57AM ET
LME Copper Warehouse Stocks Level is dropping, fyi
Copper Apr 30, 2021 10:46AM ET
Selling copper that doesn't exist, yet, to the EV boom.  "Real smart".
Copper Apr 29, 2021 10:59AM ET
 I don't honestly know how they derived it, but I suspect Goldman's model took all the broadest trends into account. I don't honestly know how they derived it, but I suspect Goldman's model took all the broadest trends into account.
Copper Apr 29, 2021 10:52AM ET
 But they aren't going to dump it, when the copper price is projected to rise.  In fact, auto companies are good candidates to stock up, ahead of time, in anticipation.  It's not just a material they need.  It's a great investment.  I'm not saying they will, but if they did, it would be a smart move. But they aren't going to dump it, when the copper price is projected to rise.  In fact, auto companies are good candidates to stock up, ahead of time, in anticipation.  It's not just a material they need.  It's a great investment.  I'm not saying they will, but if they did, it would be a smart move.
Copper Apr 29, 2021 10:45AM ET
What Goldman says is that Biden's EV plan is going to drive up the cost of copper a lot.  If you think about that, it makes a lot of sense... copper for home based car chargers... copper for charging stations... copper for EV motor windings... copper for high amp EV battery terminals/harness/power transmission... copper for more power plants... copper for thicker power lines... copper, copper, copper... As things seem to be headed, Biden is going to drive it up... logically.
Copper Apr 29, 2021 10:23AM ET
Goldman already said copper is projected to hit 15k by 2025.  I'm thinking about all the wire and stuff I should buy early. https://seekingalpha.com/news/3681842-copper-on-path-to-15kton-in-2025-goldman-says
Copper Apr 23, 2021 12:37PM ET
 Okay, awesome.  Thanks for explaining that.  I see you aren't just trading FCX options, only.  lol Okay, awesome.  Thanks for explaining that.  I see you aren't just trading FCX options, only.  lol
Copper Apr 23, 2021 12:27PM ET
Question for yall... new to futures trading... if I get the May 21 contract (with 6 days remaining), and it expires... what happens next?  Do they try to force me to buy that much copper?  Or does the future roll over into the next month, with me under no special obligation from that transition?
Freeport-McMoran Apr 20, 2021 11:33PM ET
Well, you're the guy trying to use ad hominem argumentation against me, as if that refuted Goldman Sachs, which has a research team much bigger than your own conjectures... but go on. Keep making false assumptions. See where that gets you.
Freeport-McMoran Apr 20, 2021 3:28PM ET
Yea, I hedged too... just in case... but I'm really optimistic about this one.
Freeport-McMoran Apr 20, 2021 3:23PM ET
I don't know what it's going to do, but Goldman Sachs understands this market much better than I do... and they say copper is going to shoot the moon.
Freeport-McMoran Apr 20, 2021 2:57PM ET
DEMAND, not "domand". lol
Freeport-McMoran Apr 20, 2021 2:57PM ET
Read Seeking Alpha's recent article, about Goldman's price projections for copper, by 2025... Goldman claims that it will hit 15k a ton, by then, b/c of domand surrounding the EV transition.... which is not just copper to make EV's, but also the infrastructure (home charging stations, higher amp transmission lines, new "gas" stations with electric, bigger electricity production infrastructure, etc). Only a very deliberately self-blinded person would ignore that, and short FCX.
Freeport-McMoran Apr 20, 2021 2:51PM ET
IMO, the shills and con men who are trying to bash this down are poised to lose, big. GS put a much higher estimate on copper prices, by 2025. FCX's FORWARD earnings justify a higher price, on this... GS cites a pending EV revolution.https://seekingalpha.com/news/3681842-copper-on-path-to-15kton-in-2025-goldman-says