Off-Topic Stock Market & Crypto Discussion

[mr.h]

The mkt is sitting and waiting for tomorrow’s cpi numbers.

 

[Swerve]

Expected to come in on the low side and markets go rocketing

 

[mr.h]

07:30

USD

Consumer Price Index (YoY)(Aug)

-

-

8.1%

8.5%

Expectations are for 8.1% from last months 8.5%
8:30 EST

 

[mr.h]

No 8.3%..the mkt crashing. Down but above expectations

 

[Tony4Canes]

So. Another .75% increase??

 

[SpikeUM]

So. Another .75% increase??

That was already in the cards, today's number raises the possibility of future hikes being higher than expected. My concern is if with oil being down sharply, housing, cars, etc. also being down, Europe is in a recession, the $ is too strong, China is on partial lockdown, etc., that the number is still above 8%.

 

[mr.h]

 

[redcane]

I am getting very tempted to add to my Google position at these levels.

 

[nickster]

I would be cautious. I don't have a crystal ball but been investing for 50 years and I think the market is about to slide much deeper.

 

[Tdvv]

if you think the market is going lower take a look at these:

HIBS - https://www.cnbc.com/quotes/hibs
SARK - https://www.cnbc.com/quotes/sark
BITI - https://www.cnbc.com/quotes/BITI
SPXS - https://www.cnbc.com/quotes/SPXS
TZA - https://www.cnbc.com/quotes/TZA

 

[PanteraCanes]

Just a way to get the boomers back into jobs and out of retirement.

 

[mr.h]

I think this was a overreaction and if we slide some more it’s a buying opportunity.

 

[TpaBayFlyFisher]

If you voted for the demo-craps I hope you are eaten by abandoned dogs and cats. **** is going to get ugly.

 

[SpikeUM]

If you voted for the demo-craps I hope you are eaten by abandoned dogs and cats. **** is going to get ugly.

U.S. Incomes Fail to Grow for Second Year in a Row, Census Figures Show

Median household income of about $70,800 in 2021 wasn’t different in a significant way from the inflation-adjusted 2020 estimate, the Census Bureau said.

www.wsj.com

 

[SpikeUM]

I think this was a overreaction and if we slide some more it’s a buying opportunity.

I hope you are right, but if you read this, we are going down further:

Inflation isn't just about fuel costs anymore, as price increases broaden across the economy

Rather than fuel, it was food, shelter and medical services that drove costs higher in August, slapping a costly tax on those least able to afford it.

www.cnbc.com

 

[SpikeUM]

David tends to be overly bearish, but this is from a few weeks ago. Warning: Watch with a stiff drink

 

[mr.h]

David tends to be overly bearish, but this is from a few weeks ago. Warning: Watch with a stiff drink

The mkt will follow the CPI. If we see progress we’ll go up, if it stays stubbornly high the mkt. will drop.
Also keep in mind earnings and job numbers.

 

[CFLCane]

Another Wildcat drill success. This is a new field discovery (expect several offsets)....Still waiting on the plant to be finished and deliver.

DESERT MOUNTAIN ENERGY HAS SIGNIFICANT SHOWS OF HELIUM ON GUNNAR DOME WILDCAT WELL, by @newswire

VANCOUVER, BC, Aug. 4, 2022 /CNW/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the Company.

ceo.ca

Digital layout of plant

https://www.desertmountainenergy.com/wp-content/uploads/2022/06/Processing-Plant-Update-6-22-2022.pdf

Pics of a few of the plant modules at their respective assembly locations if you scroll right on the photos

Helium – Desert Mountain Energy-TSX-V: DME

www.desertmountainenergy.com

Hydrogen "Partnership" TIFWIW.

DESERT MOUNTAIN ENERGY ENTERS INTO AGREEMENT WITH BEAM EARTH LTD. FOR HYDROGEN PRODUCTION

/PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the Company. The Company is...

www.prnewswire.com

Government initiatives in the recently passed CHIPS act to recycle and conserve helium in response to supply concerns. (Hit control F on document and search for the word helium)

https://www.commerce.senate.gov/services/files/1201E1CA-73CB-44BB-ADEB-E69634DA9BB9

Some DME updates, and no the plant isn't finished yet.


DME reissued and closed the PP yesterday.

DESERT MOUNTAIN ENERGY ANNOUNCES CLOSING OF CDN$ 6 MILLION PRIVATE PLACEMENT, by @newswire

TSX.V: DMEU.S. OTC: DMEHFFrankfurt: QM01

ceo.ca

DME won their case on well 3.

COURT GRANTS MOTION TO DISMISS CLAIMS AGAINST COMPANY, by @newswire

TSX.V: DMEU.S. OTC: DMEHFFrankfurt: QM01

ceo.ca

DME bought land for to lay down an additional processing plant.

Desert Mountain Energy (TSXV:DME) secures land for future facilities

Desert Mountain (TSXV:DME) has has acquired an additional 40 acres of land for future facilities in Navajo County, Arizona.

themarketherald.ca

DME prepping the land for plant #1 arrival


Some additional pictures of plant modules in the MFG facility.

Helium – Desert Mountain Energy-TSX-V: DME

www.desertmountainenergy.com

Article highlighting some potential additional revenue streams for DME regarding Hydrogen and Ammonia production. Touches on massive government incentives regarding clean hydrogen production.

Desert Mountain Energy: An Explosive Path To Success (TSXV:DME:CA)

Desert Mountain plans to enter the ammonia market (via hydrogen). With the end user possibly being the fertilizer market. See why I'm bullish on DMEHF stock.

seekingalpha.com

 

[mr.h]

Talking heads saying that Tuesday’s crash was accelerated by option buying

 

[mr.h]

Unbelievable…retail sales up..[could be because prices are up].
Jobless claims down..all the talk of layoffs are not showing up