Buying JNUG and NUGT Yet Again, Tesla Drug Trafficking?
Keeping in mind that markets are due to drop long and hard, and that metals could do so in tandem as happened in 2007-2008, we will add further to our JNUG and NUGT positions.
We'll add JNUG if it trades at $8.45 or higher.
We'll add NUGT if it trades at $14.40 or higher.
If these continue to plummet in coming days we'll revise the buy level lower each day to slightly above the previous day's high.
For now we're feeling like this man below, Tesla CEO Enron Musk (sic), about our gold and silver-related positions, however extreme drops that look like capitulation along with multi-decade lows in sentiment usually precede magnificent rallies.
"Several Tesla Gigafactory Workers Allegedly Trafficking 'Significant Quantities' of Cartel Drugs, says Ex-Employee"
"A former Tesla employee has filed a formal whistleblower complaint with the Securities and Exchange Commission, alleging the automaker failed to disclose to shareholders that authorities had uncovered an alleged drug trafficking ring involving employees at its Gigafactory plant in Nevada.
...
One of Hansen’s most startling claims is that Tesla failed to reveal information sent by the U.S. Drug Enforcement Administration, regarding evidence of “substantial drug trafficking” by Tesla employees at the Gigafactory.
...
Hansen also alleges that he discovered that $37 million of copper and raw materials had been stolen from Tesla’s Gigafactory between January and June. But he claims that he was “instructed not to report the thefts to outside law enforcement” and “that he was directed to cease his internal investigation into the issue,” according to the summary of his claims."
We are short Telsa.
We'll add JNUG if it trades at $8.45 or higher.
We'll add NUGT if it trades at $14.40 or higher.
If these continue to plummet in coming days we'll revise the buy level lower each day to slightly above the previous day's high.
For now we're feeling like this man below, Tesla CEO Enron Musk (sic), about our gold and silver-related positions, however extreme drops that look like capitulation along with multi-decade lows in sentiment usually precede magnificent rallies.
"Several Tesla Gigafactory Workers Allegedly Trafficking 'Significant Quantities' of Cartel Drugs, says Ex-Employee"
"A former Tesla employee has filed a formal whistleblower complaint with the Securities and Exchange Commission, alleging the automaker failed to disclose to shareholders that authorities had uncovered an alleged drug trafficking ring involving employees at its Gigafactory plant in Nevada.
...
One of Hansen’s most startling claims is that Tesla failed to reveal information sent by the U.S. Drug Enforcement Administration, regarding evidence of “substantial drug trafficking” by Tesla employees at the Gigafactory.
...
Hansen also alleges that he discovered that $37 million of copper and raw materials had been stolen from Tesla’s Gigafactory between January and June. But he claims that he was “instructed not to report the thefts to outside law enforcement” and “that he was directed to cease his internal investigation into the issue,” according to the summary of his claims."
We are short Telsa.
We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.
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posted by C. Guinness @ 4:46 PM
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