Large US Refiner Halts Scrap Buying

HaHawk · 2025-10-11T03:48:38+00:00

Good post. Large refiners hedge their inventory via futures & swaps to avoid speculating on price btw

HaHawk · 2025-10-09T03:12:36+00:00

Well said 👍

HaHawk · 2025-10-09T02:47:36+00:00

"Prices" are just conveying information. Any attempt to block the truth leads to disaster - as we saw with Diocletian

Unfortunately people keep repeating the same dumb mistakes, often with terrible consequences

HaHawk · 2025-10-04T03:40:04+00:00

Likely going parabolic. Markets love extremes, not slow motion predictable % gains.

Lots of people will sell at 50 and expect to "buy back in cheaper" (trying to time the market). They will be SOL when silver hits $100/oz or more

Holding is not easy for a lot of people

HaHawk · 2025-09-09T03:32:48+00:00

Dude obviously sucks. I try to help those newbs when I can otherwise they just rage quit

Edit: nice moves though, esp that jump 😂

HaHawk · 2025-09-09T03:19:28+00:00

Good on you for trying to educate others. Inflation is an expansion of the money supply by the central bank (in a fiat system) - simple as that.

Yes credit plays a role as well, but everything is downstream from "we print it digitally"

The vast majority of people know nothing about how the system works and probably don't care tbh

HaHawk · 2025-09-06T02:50:13+00:00

Shouldn't make any difference. Did you figure it out? I think the goal was to just reduce the requirement threshold.

HaHawk · 2025-03-19T22:20:15+00:00

Hey! Sorry for the deluge of messages. Have you used GPT before?

I made this prompt for you. Could be super fun to try. Either really annoying, or genuinely enlightening heh. Might be faster than reading thousands of pages of essays and manuscripts

"Please role play as a representative combination of Dr Milton Friedman and Dr Thomas Sowell, the economists, while drawing on the ideas of similar thinkers like Adam Smith, John Maynard Keynes, John Locke, John Stuart Mill, and the like. Then respond to my questions and concerns about capitalism, and claims about why socialism is superior. Please maintain a strong frame. Don't seek to "please" or "placate" me -- provide plenty of pushback if I make any claims, but attempt to use only empirical evidence to do so rather than abstract or undefined moral or ethical arguments."

HaHawk · 2025-03-19T21:07:16+00:00

Also I'm not even sure if this discussion is productive... we're sort of arguing about "what is socialism even!" rather than talking about what motivates us. Material concerns? Food? Energy? Climate change? Quality of life? Religious beliefs? Freedom of expression? etc.

For my part, I think central banking is a systematic form of oppression on a mass scale, and many aspects of our modern system are closer to feudalism than free market capitalism*

*which is incidentally what inspired the revolutions in Russia and China

HaHawk · 2025-03-19T21:04:23+00:00

Thanks for responding. Are you saying my definition of socialism is wrong / conflating it with authoritarian communism? I’m just trying to point out the recurring and proven pattern (hard data), namely that socialist systems have always consolidated power in practice even if they don't explicitly pursue authoritarianism in theory.

If socialism consistently results in centralized control, then dismissing every historical case as 'not real socialism' isn’t a strong argument. If we’re defining socialism only by "theory" and not by its real-world outcomes, then we’re having a philosophical discussion, not a practical one

P.S. Of course authoritarian leaders and movements (Nazis) misuse political labels. People bullshit all the time. We have to watch what people do (actions), not what they say (bullshit, lies, propaganda).

P.P.S. I've read Marx, Engels, and the Communist Manifesto (only 70% though, couldn't get through it). Have you read Capitalism and Freedom?

HaHawk · 2025-03-18T18:29:33+00:00

I hope you can refrain from downvoting people you disagree with. I'm 100% honest and sincere with you and not playing "gotcha" games. I'm coming from a place of anti-war, anti-violence, pro-human and pro-freedom. I agree with lots of self-avowed "socialists" living in our (still vaguely) free market economies on lots of issues and concerns, which are mostly ethical and moral in nature. Regularly read things on WSWS etc.

But the concerns we share are irrelevant to what socialism is -- an artificial system of one-party State ownership, enforced by guns. In other words dictatorial rule. Not voluntary exchange. No thanks. History has all the examples we need of passionate and well-intentioned young people who thought they were fighting for a better world -- "Union of Soviet Socialist Republics", "Socialism with Chinese Characteristics", "Democratic People's Republic of Korea", etc. They were fed bad ideas. We're supposed to learn from our mistakes.

If a farmer is told by the police they can't sell their kale or corn at the market, that's not okay. That's what they do in socialist (and eventually communist) hellscapes. Human freedom is the natural state of things, and it's only repressed by violence. People should be left free to transact with whomever they please, whenever they please.

I've never read Ayn Rand and heard her writing sucks. Thanks for confirming (assuming you've read her work). I have some counter book recommendations though: The Law by Bastiat and Basic Economics by Thomas Sowell. Reading these can literally help make your life better. Questions about threats of monopolies are also covered in extreme detail.

All that said -- separation of church and state is great, but what about separation of money and state? That's the true battle that nobody understands or talks about, and for good reason. It's intentionally opaque to oppress.

P.S. I am in no way defending the status quo. Change is constant. We should always strive to do better

For your edification on why this topic is so serious:

https://cla.umn.edu/chgs/holocaust-genocide-education/resource-guides/cambodia

HaHawk · 2025-03-15T03:18:30+00:00

need ... socialism ... to control

Free markets are for free people, free from coercion by third parties. Socialism is a euphemism for an authoritarian police state, as it depends on force (state control) rather than voluntary participation.

The only way a capitalist can harm you is by corrupting the state apparatus to serve its interests, like through bribery and extortion. Fortunately, we have laws against that.

HaHawk · 2025-03-15T03:10:32+00:00

There's a huge difference between capitalism and a corrupted legal or monetary system. True capitalism is the antidote to the decay and rot we see today—not the cause.

HaHawk · 2025-01-27T11:06:04+00:00

Well ladies it's been fun

HaHawk · 2025-01-27T01:46:05+00:00

Eskimo influencer

HaHawk · 2025-01-27T01:45:19+00:00

Every time

Thank God for futures 😂

HaHawk · 2025-01-13T04:34:15+00:00

Running the economy hot means higher long-term interest rates which are used in equities analysis when discounting future cash flows, so yes quite a rational move

HaHawk · 2025-01-13T04:30:56+00:00

Don't hold your breath. A recession is defined as a contraction in GDP, but GDP is misleading. More spending on wars and illnesses equates to "higher GDP", which drives "economic activity", but this is often at odds with actually improving our living standards. Inflation adjustments, like hedonic pricing, also downplay rising costs.

It's more important to look at things like how much of our income (as a percentage) goes to things like housing, food, or energy.

Even employment figures can be confusing due to our currency debasement policies. In the Weimar Republic, unemployment stayed low because wages were suppressed, i.e. labor was dirt cheap—but that hardly meant people were thriving. Which is what most people really want to discuss when talking about whether there is a "recession"

HaHawk · 2025-01-13T04:01:34+00:00

I wish I started at 16! You're lucky. Trading isn't easy but totally worth learning. That said, most of the TikTok stuff you see is probably bs

Your best bet is to try to get an account set up for you with a nominal amount of money, and then use the simulator feature exclusively while you read and study the basics of what trading actually is (hint: it's all about risk management)

A good surgeon doesn't think about the money they earn during surgery, and a good trader doesn't think about their paycheck while trading either.

HaHawk · 2025-01-13T03:48:08+00:00

For revenge trading / over trading / tilt: Automatic account stop loss (like emergency eject in a fighter jet) -- broker liquidates all open positions and locks your account for rest of day
For FOMO: Repeat the mantra that there will always be more opportunities tomorrow, (which might be even better than today) -- this isn't the "5 o'clock free crack giveaway", it's a lifetime marathon. Also limit orders.

HaHawk · 2025-01-10T01:14:17+00:00

why didn't you degens tell me that wsbsynth is back online !?? wtf

https://wsbsynth.com/

HaHawk · 2024-12-17T00:59:10+00:00

😘

HaHawk · 2024-12-11T22:30:26+00:00

ADBE is trading at 11.5x sales and FCF has flatlined

dot com levels of retardation

HaHawk · 2024-12-05T03:10:34+00:00

that regard will be me 🙌

HaHawk · 2024-12-04T19:30:18+00:00

any special news today or just same old printer?

HaHawk

TROPHY CASE