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1. NBS (nbs@noagendasocial.com)'s status on Friday, 05-May-2023 00:04:58 JST NBS

   Another good example both gold and Bitcoin responding strongly to further bank failures/panic.

   PacWest Bancorp falls 58% after hours, down to $2.70. Down from $28 in March and $9 just days ago. Much of their problems lie in the CRE portfolio as opposed to the HTM portfolio like SVB. The situation continues to look worse.

   Gold futures after hours are up 1.05%, BTC up 2.9%. This isn't about what's better, as gold is just more stable/secure.

   Point is = bank panic is good for gold and BTC owners

   • GLUΞDToTheSCRΞΞN (gluedtothescreen@noagendasocial.com)'s status on Friday, 05-May-2023 00:04:58 JST GLUΞDToTheSCRΞΞN

     in reply to

     @NBS
     While direction and liquidity are similar, beta is the distinction. Got it.

     Care to speculate which bank is next?

   • NBS (nbs@noagendasocial.com)'s status on Friday, 05-May-2023 00:04:58 JST NBS

     in reply to

     • GLUΞDToTheSCRΞΞN

     @GluedToTheScreen

     In no particular order: Western Alliance Bancorp (ticker WAL), Metropolitan Bank Holding Corp (ticker MCB), and East West Bancorp (ticker EWBC) all look like total trash. I would keep your eyes on them, as they're most exposed.

     Less shit but still concerning: Eagle Bancorp Inc (EGBN), Business First Bancshares Inc (BFST), HomeStreet Inc (HMST), Keycorp (KEY), and HarborOne Bancorp Inc (HONE) are also not particularly well off.

     I would run from any of these banks.

     Woggy's Zeonic Frolicks likes this.
   • NBS (nbs@noagendasocial.com)'s status on Friday, 05-May-2023 00:05:00 JST NBS

     in reply to

     • GLUΞDToTheSCRΞΞN

     @GluedToTheScreen

     Wow. That was quicker than I expected. WAL down 62% today, halted for trading on news headlines and volatility.

     Move on to the next!

     Woggy's Zeonic Frolicks likes this.