On Wire

Breaking news, updates, and reports on current events.

BITCOIN CRASHING TO $16,000 WOULD BE COMPLETELY NORMAL IF WE LOOK AT ITS HISTORICAL PRICE ACTION

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by Chris Vermeulen of The Technical Traders Chris Vermeulen joins Greg Dickerson from Dickerson International for the first time to discuss the historical price action of bitcoin and what we can expect in the future. It may seem like the correction is over with bitcoin dropping 54% in a matter of weeks but when you look at its history, having … Read more

10Y Yields Plunge Below 1.50% As Record Short Squeeze Accelerates (Treasuries Resume Bull-Flattening Trend Ahead of 10-Year Auction)

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by confoundedinterest17 (Bloomberg) — The dollar slipped and benchmark Treasury yields slipped to a one-month low as investors braced for Thursday’s U.S. inflation report that may give clues on the direction of monetary policy. The greenback weakened against all of its nine developed-world peers. The 10-year rate traded a shade below 1.50%, at the lowest since May 7, … Read more

IRS Is Investigating Release of Tax Information of Wealthy Americans

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WASHINGTON—Federal authorities are investigating the release of wealthy Americans’ tax information, Internal Revenue Service Commissioner Charles Rettig said Tuesday. ProPublica, a nonprofit news organization, published details about the reported income and tax payments of some of the richest Americans, including Amazon.com Inc. Chief Executive Officer Jeff Bezos and Berkshire Hathaway Inc. CEO Warren Buffett. Taxpayer … Read more

Financial collapse is closer than most realize and will speed everything else up significantly in my opinion. I have been a trader for 15 years and never seen anything like this.

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by If_I_Was_Vespasian How can anyone look at all-time stock charts and NOT realize something is broken? Most people though simply believe that it WILL go on FOREVER. My dad is one of these folks. Retired on over $2M and thinks he will ride gains the rest of his life through the stock market. It’s worked … Read more

Senate passes a tech manufacturing bill to counter China. Numerous senators / house members purchased semi-conductor stock BEFOREHAND.

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🚨 BREAKING NEWS 🚨 Senate passes a tech manufacturing bill to counter China. Numerous senators / house members purchased semi-conductor stock BEFOREHAND. For example, Nancy Wyden bought $AAPL, $AMAT, $AVGO, $KLAC & $NVDA BEFORE the legislation. Link: https://t.co/kICdJpIP2u pic.twitter.com/JakvSrHWpU — unusual_whales (@unusual_whales) June 9, 2021

THE LEFT THINKS OF 1984 AS AN INSTRUCTION MANUAL:

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The ACLU has made the name of the organization Orwellian. The acronym “ACLU” stands for “American Civil Liberties Union.” Once a proud defender of free speech and other liberties, it stood by the principle of defending the right to speak even for those whose speech is offensive. But that’s so Twentieth Century. A brand new … Read more

LOOK OUT: The FED is draining liquidity at records

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the FED is draning liquidity at records pic.twitter.com/pVCe6529MA — Alessio (@AlessioTMAD) June 9, 2021 US FED ACCEPTS $502.904 BLN IN DAILY REVERSE REPO OPERATION, AWARDS AT 0.00 PCT TO 59 BIDDERS – NY FED — *Walter Bloomberg (@DeItaone) June 9, 2021 Bears are doubling down on short positions…$BTC priming up for a monster short squeeze. … Read more

Will Government Bonds Continue To Sink Lower?

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by Chris Kimble US government bonds have come under pressure over the past year. And that decline has come to an important inflection point. Time to bounce higher? Or will government bonds continue to sink lower? That is the theme of today’s “weekly” chart from Marketsmith.com, of the popular long-dated US Treasury Bonds ETF (TLT). TLT’s decline … Read more

Bonds & Bitcoin Bounce-Back As Stock Market ‘Complacency’ Reaches 20-Year High

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And stocks flip-flop again as Small Caps lag (after leading yesterday) and Nasdaq outperforming (after lagging yesterday), even though late-day ugliness took everything red… A late day surge of selling hit the entire market around 1525ET.. Source: Bloomberg https://www.zerohedge.com/markets/bonds-big-tech-bitcoin-bounce-back-complacency-reaches-20-year-high?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Basel 3 already has demolished claims that central banks don’t rig the gold market

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by Chris Powell of the Gold Anti-Trust Action Committee (GATA) 5:31p ET Monday, June 7, 2021 Dear Friend of GATA and Gold: Many predictions are being offered about the impact of the “Basel 3” regulations on “unallocated gold” that have been proposed by the Bank for International Settlements and that the European Banking Authority has scheduled for implementation in the … Read more

This is why house prices are shooting up

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Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers. Why are corporations, pension funds and property investment groups buying… https://twitter.com/APhilosophae/status/1402436816192503818 https://twitter.com/APhilosophae/status/1402438754804064262 https://twitter.com/APhilosophae/status/1402440093072343043 Tim Pool: WALL STREET ELITES ARE BUYING UP EVERY HOUSE, ITS THE GREAT RESET, YOU WILL OWN NOTHING AND BE HAPPY   … Read more

A list of some of the most shorted stocks

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Top Short squeeze list (based on flow + squeeze scores): $GME $AMC $BB $RKT $AHT $RMED $LOTZ $LAZR $SENS $BBIG $SKLZ $BBBY $SNDL $TLRY $SPCE $WKHS $NAKD $WISH $GOEV $NOK [Full list](https://unusualwhales.com/shorts     h/t Unusual-Whales   Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in … Read more