- yes it's above 75 again and POG is $1140......... --
Kitcotodd, 12:35:00 11/17/09 Tue
That tells me the relationship constantly changes.
[Edit]
- Apollo -- Mikikis, 12:29:34 11/17/09 Tue
Sounds fair....but it is above 75 again, isn't it? Even if it is short lived....
[Edit]
- Besides, you're are getting a USD bounce on PPI/CPI -- APOLLO, 12:26:24 11/17/09 Tue
very typical for Currency traders to go to the sideline in the event inflation triggers hawkish comments/action from the FED. It will reverse back down after CPI tomorrow.
[Edit]
- We saw gold ignore the USD last & what followed? -- APOLLO, 12:22:13 11/17/09 Tue
a pretty powerful move up. Option-Ex this week is a wild-card, but most of the bets on PM stocks are accretive - unlike last month when the pressure was down.
[Edit]
- For reference, the USDX is 75.47 now -- Mikikis (), 12:16:14 11/17/09 Tue
(one here - Voy ticker)
Last edited by author: Tue November 17, 2009 12:16:40
Edited 1 time.
[Edit]
- Deep pockets apparently want the Dow higher as well -- Mikikis, 12:14:50 11/17/09 Tue
That connection is alive and kicking these days (POG/Dow)....
[Edit]
- Question is, does it use Win7 -- Earl, 12:13:17 11/17/09 Tue
The most powerful supercomputer in the world, the Cray XT5 - aka 'Jaguar' - is a computing monster with the ability to clock 1.759 petaflops (1759 trillion) calculations per second.
[Edit]
- RIP - USD/POG -- Mikikis, 12:13:16 11/17/09 Tue
I totally agree...but the POG is due for a correction and the USD is due for a bounce IMO. We'll see if my call yesterday doesn't hold....I called yesterday an exhaustion gap top in gold.....so far so good...but it is waaaaaay too early to know....we'll see in the next few days.
[Edit]
- Mikikis....sure -- RIP, 12:10:46 11/17/09 Tue
The dollar/gold relationship ain't what it used to be.
Deep pockets want POG higher.
[Edit]
- RIP -- Mikikis (), 12:07:52 11/17/09 Tue
Sportsman's bet: If the dollar doesn't crash tomorrow....if it even just barely holds water...that the POG will be significantly lower than it is today. You game?
Price right now $1136.40
Kitco voting in your favour here:
http://www.kitco.com/kitco-gold-index.html#RT
Last edited by author: Tue November 17, 2009 12:10:12
Edited 2 times.
[Edit]
- Fair? Schmair -- Earl, 12:09:23 11/17/09 Tue
Costco stops carrying Coke drinks in price dispute
(AP) – 4 hours ago
PORTLAND, Ore. — Costco is no longer carrying Coca-Cola products in its stores nationwide because of a pricing dispute with the beverage maker.
A Costco executive confirmed the move Monday. The Issaquah, Wash.-based wholesale club operator would not discuss the matter further.
Atlanta-based Coca-Cola Co. said it won't comment on ongoing negotiations but said Costco is an important customer that it is committed to working with "in a spirit of fairness."
[Edit]
- @ dollar -- RIP, 12:05:59 11/17/09 Tue
Shouldn't POG be down about $30 by now?.....lol
[Edit]
- Denninger -- LSteve, 12:03:14 11/17/09 Tue
That Denninger is a funny guy. I wouldn't be surprised if he doesn't get into some sort of hot water over his letter to the Chinese premier.
If I were the Chinese I would be buying the 30 year bond, then borrowing in other currencies and using the 30 year bond as collateral. Then I would use the borrowed money to develop China's infrastructure so that they can survive if everything goes to crap. Also I would invest as much as possible in the internal mining and agriculture sectors.
[Edit]
- Grigg -- RIP, 12:02:40 11/17/09 Tue
....According to a report compiled by the group Iraq and Afghanistan Veterans of America, more than 30,000 single mothers have been deployed to those countries since 2001. In what it probably regards as a gesture of sacrificial generosity, the Army permits new mothers to spend four months with their newborn children before returning to the business of killing other peoples' children abroad.
http://freedominourtime.blogspot.com/2009/11/leviathans-orphans.html
[Edit]
- It all seemed like such a good idea at the time -- Earl, 12:02:27 11/17/09 Tue
US Tax Avoiders Confess to IRS in Wake of UBS Pacts
Wall Street Journal - Brent Kendall, Anita Greil - 27 minutes ago
More than 14700 US taxpayers took advantage of a special US Internal Revenue Service amnesty program that offered reduced penalties to those who voluntarily revealed their previously undisclosed offshore bank accounts, ...
http://news.google.com/news/section?pz=1&cf=all&ned=us&topic=b&ict=ln
[Edit]
- Silver's Outperformance Of Gold -- Earl, 11:59:50 11/17/09 Tue
With everyone focusing exclusively on gold these days, what has received little media attention is that over the past year, silver has actually outperformed gold substantially, and on a relative basis the comparable outperformance has been material. The chart below is a simple relationship between the spot price of gold and silver. As the declining line demonstrates, while the Gold/Silver price ratio at the end of 2008 was 84, it has now dropped to to just under 62. For the Fibonacci fans, that represents a 0.50 retracement. With Gold popping, will silver continue its price acceleration as it attempts to hit the lower trendline, which crosses at about 52, and implies a silver price of $22/ounce?
http://www.zerohedge.com/article/silvers-outperformance-gold
[Edit]
- Gold down today -- Mikikis (), 11:54:35 11/17/09 Tue
Maple price up again...they must be seeing an increase in demand here for physical...up $30 per coin (CAD) since I first looked recently.....ouch...
http://www.bullioncoinsandbars.com/products-gold-coins.htm
Of course gold IS up over $9 CAD today.
Last edited by author: Tue November 17, 2009 11:56:32
Edited 2 times.
[Edit]
- Silverdome sells for %583,000 -- WALIAC, -- Earl, 11:55:03 11/17/09 Tue
The toys are cast aside early.
"Assets are liabilities" .... Studio R
[Edit]
- adrian ash -- mugwump, 11:46:36 11/17/09 Tue
But] over the past two-plus weeks it seems that any retracement in the price of gold has presented a buying opportunity for those who are out of the market and wish they were in, or those who are already in the market and wish they were longer."
Writing at Prudent Bear, "When investors lose trust in conventional currencies, because monetary policy appears set to debauch them, gold is the immediately available safe haven," said Martin Hutchinson late Monday.
"During such periods, gold's former importance as a store of value becomes uppermost in the public mind, and its price becomes a major economic indicator.
"We now appear to be at the beginning of another such period."
Forecasting a spike to $2000 per ounce within six months, "The supply of gold from new mining is around 1 million ounces per year LESS than in 1980 and the supply of speculative capital that could flow into gold is many times greater," Hutchinson notes.
"Hence a $5000 gold price is possible (though not certain) if present monetary policy is continued or only modestly modified – and that price could be reached by the end of 2010
[Edit]
- Corruption Perceptions Index 2009 -- Mikikis (), 11:38:05 11/17/09 Tue
Canada and Australia tied for 8th place as least corrupt.....UK 17th...U.S.A. in 19th place....Panama 84th...Mexico 89th......
" * The Corruption Perceptions Index (CPI) table shows a country's ranking and score, the number of surveys used to determine the score, and the confidence range of the scoring.
* The rank shows how one country compares to others included in the index. The CPI score indicates the perceived level of public-sector corruption in a country/territory.
* The CPI is based on 13 independent surveys. However, not all surveys include all countries. The surveys used column indicates how many surveys were relied upon to determine the score for that country.
* The confidence range indicates the reliability of the CPI scores and tells us that allowing for a margin of error, we can be 90% confident that the true score for this country lies within this range."
http://www.transparency.org/policy_research/surveys_indices/cpi/2009/cpi_2009_table
http://media.transparency.org/imaps/cpi2009/
Last edited by author: Tue November 17, 2009 11:46:16
Edited 3 times.
[Edit]
- @ For Waliac -- Mikikis, 11:29: -- MoreGold, 11:45:39 11/17/09 Tue
Its Obvious...
Your cat is addicted to this VOY site, and is watching the POG very closely...
[Edit]
- Pyrite - LOL! -- WALIAC, 11:44:14 11/17/09 Tue
That must be it! lololol
[Edit]
- Earl - Silverdome sells for %583,000 -- WALIAC, 11:42:06 11/17/09 Tue
Proving once again what a lousy investment all these stadiums are. Playgrounds that are sold as infrastructure.
[Edit]
- Not sure what fascinates her.--WALIAC -- Pyrite, 11:39:07 11/17/09 Tue
http://img5.imageshack.us/img5/2610/catporn.jpg
[Edit]
- It's déjà vu all over again -- Sherlock, 11:38:00 11/17/09 Tue
By Irwin Kellner, MarketWatch
PORT WASHINGTON, N.Y. (MarketWatch) -- Guess what? Bubbles are back for a return engagement....http://www.marketwatch.com/story/irrational-exuberance-takes-an-encore-2009-11-17
[Edit]
- Mikikis - :-) -- WALIAC, 11:36:00 11/17/09 Tue
Mine stares at the screen...studying it harder than I do. Not sure what fascinates her.
[Edit]
- Pension deficits in Britain underestimated by £268bn -- doran, 11:31:09 11/17/09 Tue
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6583915/Pension-deficits-in-Britain-underestimated-by-268bn.html
[Edit]
- For Waliac -- Mikikis, 11:29:34 11/17/09 Tue
Today's view of the computer screens....she has actually just started sleeping there as of a week or two ago...since I'm not trading anymore I've let it slide.....boy cat usually sleeps on the seat in the office so he gets booted every time I need to work....she's smarter....
[Edit]
- Personal mnemonics turned into more secure passwords -- Earl -- Pyrite, 11:28:37 11/17/09 Tue
I use EIAA. "Earl" is the first letter.
[Edit]
- Personal mnemonics turned into more secure passwords -- Earl, 11:23:32 11/17/09 Tue
Fix Your Terrible, Insecure Passwords in Five Minutes
http://www.slate.com/id/2235503/pagenum/2
[Edit]
- Speaking of CALVF.... -- Mikikis, 11:22:03 11/17/09 Tue
Up over 9% today! Still at 7c.....magic stock only goes up but never gets past 7c......
[Edit]
- Knuckles wakes up grumpy? -- RIP, 11:18:02 11/17/09 Tue
Das Rheingold
http://www.kitco.com/ind/nadler/nov172009.html
[Edit]
- Chinese banker: -- WALIAC, 11:13:56 11/17/09 Tue
Yuan a loan?
[Edit]
- Nuclearson - ERHE the 'sure thing' -- Mikikis, 11:10:56 11/17/09 Tue
Rest of your nest egg in CALVF then (the other 'sure thing' here on Voy)?
Just kidding....
[Edit]
- ABC Investing: "Anything But Cash" Keeps Driving Stocks Higher -- Sherlock, 11:09:50 11/17/09 Tue
Investors and pundits have tossed out many reasons over the last few months to explain the epic equities rally. Mark Dow, who manages $2.5 billion at the hedge fund Pharo Management, points to two fairly simple reasons: "Cash pays so little and as we know from history nothing brings out buyers like higher prices."...http://finance.yahoo.com/tech-ticker/article/373611/ABC-Investing%3A-%22Anything-But-Cash%22-Keeps-Driving-Stocks-Higher
[Edit]
- No gold for Buffett -- RIP, 11:09:38 11/17/09 Tue
Or silver.
http://network.nationalpost.com/np/blogs/tradingdesk/archive/2009/11/17/no-gold-for-buffett.aspx
[Edit]
- New trend? -- WALIAC, 11:07:46 11/17/09 Tue
Asia brings it down overnight and NY brings it back up?
[Edit]
- Who Was Really Bailed Out? We Still Don’t Know -- doran, 11:04:19 11/17/09 Tue
http://norris.blogs.nytimes.com/2009/11/17/who-was-really-bailed-out-we-still-dont-know/
[Edit]
- A hedz up on futures trading?? -- Earl, 10:58:05 11/17/09 Tue
Worried About Senseless Futures Action? Blame HFT, Which Is Now Taking Over "Multi-Dimensional Arbitrage"
http://www.zerohedge.com/
[Edit]
- Obama Urges China to Heed Commitment on Currency Appreciation -- Sherlock, 10:54:28 11/17/09 Tue
Nov. 17 (Bloomberg) -- President Barack Obama called on Chinese counterpart Hu Jintao to make good on a commitment to allow the yuan to appreciate to help prevent trade imbalances that exacerbated the global economic crisis....http://www.bloomberg.com/apps/news?pid=20601083&sid=azpDN1eEsrnY
[Edit]
- ZoomZoom -- Sherlock, 10:52:46 11/17/09 Tue
Look at the dollar go... Lacker talking tough, but talk is cheap . And there are hints that China will revalued the Yuan in the next few weeks.
[Edit]
- Fed Can’t Be ‘Paralyzed’ by Weak Parts in Economy, Lacker Says -- Sherlock, 10:46:22 11/17/09 Tue
By Scott Lanman
Nov. 17 (Bloomberg) -- Federal Reserve Bank of Richmond President Jeffrey Lacker said central bank officials can’t be “paralyzed” by weak parts of the economy that may keep them from raising interest rates to contain inflation....http://www.bloomberg.com/apps/news?pid=20601110&sid=aBk3yfc51NMQ
[Edit]
- Denninger says: -- Pyrite, 10:45:45 11/17/09 Tue
"The so-called "paper" you hold denominated in our dollars will not be paid in full."
How long til he admits that ...gold.... should have been omitted from his famous "failure" list?
[Edit]
- KD open Letter; if the chinee are dumb enough to keep buying the US Debt -- AZAU, 10:44:00 11/17/09 Tue
that they know will not be paid, then ok, they deserve to be dragged under with the gigantic receding tide.
USA has the power to drag the globe down with it.
too big to fail?
Is the globe too big to fail?
No. A game of confidence-chicken dead ahead.
[Edit]
- Speaking of bucks -- RIP, 10:44:00 11/17/09 Tue
...I'm looking at one right now.
About 150 yards back in the field.
[Edit]
- Detroit's Famous Pontiac Silverdome Sells For Just $583,000 -- Earl, 10:37:48 11/17/09 Tue
Detroit News: Nearly 25 years after taxpayers spent $55.7 million building the Pontiac Silverdome and a year after a $20 million sale fell through, city officials have sold the arena once called the most desirable property in Oakland County.
The price: $583,000.
The broker, David J. Leitch, is quite upset about the final selling price. And hey, can you blame him?
"The property alone, at $10,000 an acre, should have gone for more than that. And you have the Silverdome, its contents, and the infrastructure already in place. I had estimated it would probably go for between $1.2 million and $3 million. I can't believe it."
http://www.businessinsider.com/pontiac-silverdome-sells-for-a-paltry-583000-2009-11
[Edit]
- KD writes a love letter to the Chinese Premier -- RIP, 10:37:39 11/17/09 Tue
http://market-ticker.denninger.net/archives/1632-Open-Letter-To-The-Chinese-Premier.html
[Edit]
- Pyrite......easy, just fill the walmart shipping containers with them -- AZAU, 10:37:38 11/17/09 Tue
then return them.
By the way, how do you feel about a chinee bank atm in every Walmart?
This would be another way by which to catch the stupid and illegal for "return" in the transport containers.
[Edit]
- Perhaps we can convince them to take on all the US debt? -- Pyrite, 10:34:25 11/17/09 Tue
How do we ship the stupid and illegal?
[Edit]
- Bagholders R Us......how can long term US debt be classed as an asset? -- AZAU, 10:22:01 11/17/09 Tue
Perhaps we can convince them to take on all the US debt?
_________________________________________________________
Foreign demand rises for long-term US assets
Foreign demand for long-term US financial assets rises in September, China boosts its holdings
* By Martin Crutsinger, AP Economics Writer
* On 9:46 am EST, Tuesday November 17, 2009
WASHINGTON (AP) -- Foreign demand for long-term U.S. financial assets rose in September as China and other countries boosted their holdings of Treasury securities.
Continued strong foreign demand for U.S. debt is critical to financing America's soaring budget deficits and keeping American interest rates low enough to support a recovery from the recession.
The Treasury Department said Tuesday that foreigners purchased $40.7 billion more in assets than they sold in September, the biggest jump since June. The September gain compared with a revised $34.2 billion increase in holdings in August.
[Edit]
- Looks like they definitely figured out HL -- APOLLO, 10:20:54 11/17/09 Tue
got $6 in its eye - today.
[Edit]
- Thanks Philbond - did you get a Buck? -- APOLLO, 10:14:22 11/17/09 Tue
Which state were you hunting in?
[Edit]
- Greetings -- philbond007, 10:09:37 11/17/09 Tue
Back from the annual deer hunt (booze, casino's, cigars, etc...):
Looks like gold took out that wrap-around trendline shown in green. Note the "weekly" XAU chart shown below has plenty of room to run, however, it's a "weekly" so "patience" is required.
[Edit]
- Platinum Jewelry Demand Will Reach Six-Year High, Matthey Says -- Sherlock, 10:03:57 11/17/09 Tue
By Nicholas Larkin
Nov. 17 (Bloomberg) -- Demand for platinum jewelry is surging to a six-year high after a plunge in prices spurred record Chinese consumption, compensating for the weakest usage by carmakers since 2000...http://www.bloomberg.com/apps/news?pid=20601012&sid=a9_jm_MLg5R8
[Edit]
- Industrial Production in U.S. Rose 0.1% in October -- Sherlock, 09:53:07 11/17/09 Tue
By Bob Willis
Nov. 17 (Bloomberg) -- Industrial production in the U.S. rose less than forecast in October, restrained by a reduction in auto manufacturing as the effects of trade-in incentives dissipated and a decline in demand for business equipment.
http://www.bloomberg.com/apps/news?pid=20601068&sid=aGLJaaH3DtFg
[Edit]
- Well....... -- Hambone, 09:50:00 11/17/09 Tue
Sold my CAT puts for a steak dinner profit thanks to this morning's pull back.
[Edit]
- Watch out for PAL. -- Kitcotodd, 09:45:51 11/17/09 Tue
warning I own
[Edit]
- @ Ho Hum ... More GOLD -- MoreGold, 09:42:51 11/17/09 Tue
TORONTO, ONTARIO--(Marketwire - Nov. 17, 2009) - Central Fund of Canada Limited (TSX:CEF.A - News; TSX:CEF.U - News; NYSE Amex:CEF) ("Central Fund") of Calgary, Alberta is pleased to announce that it has completed the sale of 16,975,000 Class A Shares of Central Fund at a price of U.S.$13.56 per Class A Share to a syndicate of underwriters (the "Underwriters") led by CIBC, raising total gross proceeds of U.S.$230,181,000. The Class A Shares offered were primarily sold to investors in Canada and in the United States under the Multijurisdictional Disclosure System.
Related Quotes
Symbol Price Change
CEF-A.TO 14.73 0.00
Chart for CENTRAL FD OF CANADA LTD
{"s" : "cef-a.to,cef-u.to","k" : "c10,l10,p20,t10","o" : "","j" : ""}
The underwritten price of U.S.$13.56 per Class A Share was non-dilutive and accretive for the existing Shareholders of Central Fund. Substantially all of the net proceeds of the offering have been invested in gold and silver bullion in international banker bar denominations, in keeping with the asset allocation requirements in the constating documents of Central Fund and the policies established by the Board of Directors of Central Fund, with the balance of the net proceeds reserved for working capital purposes. The additional capital raised by this underwriting is expected to assist in reducing the annual expense ratio in favour of the Shareholders of Central Fund.
The new total of issued and outstanding Class A Shares of Central Fund is 212,982,713. The refined bullion and small bullion certificate holdings of Central Fund are now represented by approximately 1,346,502 fine ounces of gold and 67,322,479 ounces of silver. Cash and short-term interest bearing certificates, less accrued liabilities, now total a net amount of approximately U.S.$73,994,923.
[Edit]
- Apollo Gold Reports Third Quarter 2009 Results -- Sherlock, 09:40:00 11/17/09 Tue
Ouch ...!http://finance.yahoo.com/news/Apollo-Gold-Reports-Third-bw-1520745833.html?x=0&.v=1
[Edit]
- Bank of America, UBS, JPMorgan Sued Over Derivatives -- doran, 09:33:33 11/17/09 Tue
http://www.bloomberg.com/apps/news?pid=20601087&sid=aBMy4gnnFIk4&pos=7
[Edit]
- Mortgage Delinquencies Hit Another Record -- Sherlock, 09:28:01 11/17/09 Tue
By: AP
The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows....http://www.cnbc.com/id/33986655
[Edit]
- @an tries to sell $1100 one ounce gold coin for $50; no takers -- skys39, 09:27:29 11/17/09 Tue
see !!! how dumb are americans ??? duuuuuuuumb !!!
rotflmao!!
[Edit]
- @Army tells its soldiers to 'bribe' the Taleban -- skys39, 09:24:24 11/17/09 Tue
the romans tried that with atilla the hun
[Edit]
- Dude on the street can't sell 1 oz Maple Leaf for $50, even $20 -- moonshot, 09:20:37 11/17/09 Tue
http://www.youtube.com/watch?v=Gk5aRIz17fk&feature=player_embedded
[Edit]
- gold will go green by the end of the day? -- AZAU, 09:15:11 11/17/09 Tue
and silver too?
the slap downs are getting weaker
[Edit]
- Obamma trip to china a rousing success....... -- AZAU, 09:13:35 11/17/09 Tue
now you will have chinese bankers!
[Edit]
- welfare recipients growing angry -- skys39, 09:05:31 11/17/09 Tue
http://southbendtribune.com/article/20091117/News01/911170329/1130
[Edit]
- Todd - going to buy the open for the 10PM bump -- APOLLO, 08:56:21 11/17/09 Tue
& then we'll see - weakness could continue until CPI tomorrow, or we could reverse today. Nothing in the PPI number that really changes anything, other than the USD gets bump while the numbers come out.
[Edit]
- Apollo - Can't always expect a bullseye, but nice call once again. -- Kitcotodd, 08:47:14 11/17/09 Tue
[Edit]
- PPI - EUR recovers. -- Glyndwr, 08:44:10 11/17/09 Tue
Glod should follow. bbl
[Edit]
- PPI -- Glyndwr, 08:34:23 11/17/09 Tue
Dolla likey, Glod don't, for now. http://www.bloomberg.com/markets/ecalendar/index.html bbl
[Edit]
- What's next? Chinese owned US Banks! -- AZAU (), 08:20:10 11/17/09 Tue
how would you like for the chinaman to be your bankster and your creditor?
China, U.S. eye pact to help troubled banks: sources
* On 4:34 am EST, Tuesday November 17, 2009
By George Chen
HONG KONG (Reuters) - Chinese and U.S. regulators are negotiating a pact aimed at encouraging Chinese financial institutions to buy into small and medium-sized banks in the United States, bankers briefed on the plan said on Tuesday.
Chinese bankers have complained that it's been difficult for them to set up branches or invest in banks in the world's leading economy, due partly to U.S. regulators' tough supervision and strict approval process for financial deals.
But the global financial landscape has been revamped by the credit crisis, and cash-rich Chinese banks are now bigger players on the world scene and are scouting around for investment targets.
To illustrate the global shake-down, Industrial and Commercial Bank of China (Shanghai:601398.SS - News; HKSE:1398.HK - News) is now the world's biggest bank by market value, while Citigroup Inc (NYSE:C - News), once the world's No.1 bank, is worth the same as a second-tier commercial bank in China.
Two senior Chinese bankers said they had been invited this year by U.S. officials, investment bankers and financial advisers to look at several potential investments in U.S. banks, mostly in financial trouble...
_______________________________________
In another 5-10 years they will own every blade of grass in the USA that has a mortgage on it.
Don't be afraid of the Lawnmower Blade!
hahahahahahahahahahaha!
Last edited by author: Tue November 17, 2009 08:25:30
Edited 2 times.
[Edit]
- Thanks Kip -- Smythe, 08:16:05 11/17/09 Tue
we shall C.
[Edit]
- sorry for the chart size, but it is a nice one -- Winston, 06:50:07 11/17/09 Tue
from http://astrocycle.net/Silver.php?DIV=CRB
[Edit]
- Airbus Parent EADS Reports Heavy Losses -- doran, 06:45:59 11/17/09 Tue
Victim of the Weak Dollar
http://www.spiegel.de/international/business/0,1518,661535,00.html
[Edit]
- Wiffo .. -- Delta-au, 06:41:54 11/17/09 Tue
thx fer reminding us about CTO.AAX ..
I'll have a look over it in next few days ..
health permitting..
..
btw, I still have the same email if ya wanna contact me ..
[Edit]
- FWIW .. Money Management Tip .. -- Delta-au, 06:38:38 11/17/09 Tue
When buying stock in any co'y ..
work out how much you can afford to loose (k) ..
one method is to risk only ONE PERCENT of total capital on any one trade ..
Say you have capital $100,000 ..
then .. max loss on any stock is $1,000
..
[Edit]
- U.K. Inflation Rate Increases More Than Forecast -- doran, 06:37:59 11/17/09 Tue
http://www.bloomberg.com/apps/news?pid=20601087&sid=arGo2pU5bMmA&pos=2
[Edit]
- 'Northern Taliban' threatens Central Asia -- doran, 06:35:04 11/17/09 Tue
Taliban counter-moves against United States coalition efforts to forge a supply route from Central Asia to northern Afghanistan have ended the relative calm in that part of Afghanistan and could drag Central Asian states into the conflict. As more foreign fighters from groups like the Islamic Movement of Uzbekistan join the ranks of the emerging "northern Taliban", the issue is rapidly climbing up the coalition's agenda.
http://www.atimes.com/atimes/Central_Asia/KK18Ag01.html
[Edit]
- Waiting for the train wreck -- doran, 06:32:20 11/17/09 Tue
Central banks have lost the opportunity to change policy, indicated by gold's breakout above US$1,100. The huge weight of global stimulus money ensures that the gold and commodities bubble will now run to its full extent, with the world heading towards another train wreck. - Martin Hutchinson
http://www.atimes.com/atimes/Global_Economy/KK18Dj01.html
[Edit]
- :-: -- Kip, 06:25:31 11/17/09 Tue
[Edit]
- leave it to me to screw things up... -- Nuclearson, 06:14:47 11/17/09 Tue
put too much on erhe cos it was a "sure thing"
and continue to lose while I COULD have put it in something else and made money right now
oh well
I am my worst enemy!
[Edit]
- mauritius also famous for its stamps -- mugwump, 05:58:08 11/17/09 Tue
a cover recently sold for $4 million
http://www.stampsmauritius.com/
[Edit]
- paper buys 2 tons of gold- mauritius stealing again -- mugwump, 05:56:42 11/17/09 Tue
http://www.quamnet.com/newscontent.action?listSectionCode=NEW_REST&articleId=1377067
[Edit]
- Volatility -- Smythe, 03:44:15 -- Kip, 05:47:33 11/17/09 Tue
true analysis imo, & excellent analogy.
[Edit]
- 64 % oppose insurance mandate -- mugwump, 05:40:04 11/17/09 Tue
http://spectator.org/blog/2009/11/16/ap-64-oppose-insurance-mandate
[Edit]
- Volatility -- Smythe, 03:44:15 11/17/09 Tue
Gearing, leverage, stagging. Small inputs, leveraged up, yield big outputs. Instead of dampening it down we are adding leverage. Positive feedback.
It has always been a casino, now it is just on steroids. Eventually the system will shatter like that bridge in Tacoma. I would call that moment discontinuous deflation. A universal default.
That's my guess. FWIW.
[Edit]
- IMF chief says more stable global currency needed -- doran, 02:57:08 11/17/09 Tue
BEIJING (Reuters) - The need for greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on Tuesday.
http://www.reuters.com/article/ousivMolt/idUSTRE5AG0I720091117
[Edit]
- Norwester- San Antonio -- lonestar, 01:43:33 11/17/09 Tue
[Edit]
-
lonestar.....hope it will be of help...wasn't sure WHERE in... -- Norwester, 01:04:42 11/17/09 Tue
.
..the Lone Star state you actually reside, but figured
you might be near Dallas....where are you, actually?
[ or, if you'd prefer anonymity, just the "general" area
of the state...i.e., SE or Central, etc. ]
*******************************************************
[Edit]
- drool-over material -- mercury, 01:03:42 11/17/09 Tue
http://www.brownsafe.com/
[Edit]
- The importance of a proper diet -- lonestar, 00:57:29 11/17/09 Tue
A Woman walked into the grocery store and told the clerk to get her a case of their best dog food as it was for her husband. The clerk said that she should not feed it to her husband as it would kill him. The woman said to just fetch it and to be quick about it. Some time later the clerk inquired about her husband. The woman answered that he had passed. The clerk said, "I told you not to feed him that dog food." The woman said,"well smart ass, it wasn't the dog food that killed him. Actually, one hot August day he was lying in the middle of the road licking his dick, and a pickup truck come along and runned over him."
[Edit]
- Chrisophilos -- mercury, 00:47:24 11/17/09 Tue
post something
[Edit]
- bullishonplatinum -- mercury, 00:46:50 11/17/09 Tue
hope all is well!
[Edit]
- was a time, less than 100 years ago, that a bank would go under -- mercury, 00:44:09 11/17/09 Tue
and the new 'consolidated bank' would simply write down their new name over the last bank on the printed checks.
and folks would honor the check!
things have gotten so complicated for most folks nowadays, they don't even understand the contract language of their investment/mutualfund/mortgage/ETF/insurance policy.
much less their FRN...
[Edit]
- LSteve "Gold...what else" Excellent advice. -- lonestar, 00:42:45 11/17/09 Tue
Started doing the same this past week
[Edit]
- actually, there have been a number of periods when -- mercury, 00:41:54 11/17/09 Tue
Gresham's Law was invalid.
Private and public paper have circulated together a number of times in just the past 150 years.
Up unitl the 1910s Bank CDs circulated as currency in Nevada.
[Edit]
- You can really get a handle on how gold is supposed to look -- mercury, 00:37:53 11/17/09 Tue
by examining california territorial gold pieces.
the coinage was struck with all manner of alloys and karats. Gold was plated over silver and copper. Higher karat gold plated over lower plated gold, etc.
Amazing the level of workmanship that those guys were able to put into such small little coins, under very minimal working conditions.
Even after the SF mint opened up a couple of the better token makers were hired by the mint to continue producing private coinage.
[Edit]
- pay off your enemies with bags of gold! -- mercury, 00:34:31 11/17/09 Tue
sure, why not, trillions to blow!
actually - sounds like the tungsten manufacturers association looking to expand product lines...
[Edit]
- Lonmin - world's third largest plat producer -- mercury, 00:32:50 11/17/09 Tue
and do believe I've seen it mentioned here 4 times since 1999.
(maybe cuz their website sux?)
I've held SWC but am looking for a rotation play...
[Edit]
- China’s New Missile May Create a ‘No-Go Zone’ for U.S. Fleet -- doran, 00:30:20 11/17/09 Tue
“The mere perception that China might have an anti-ship ballistic missile capability could be a game-changer, with profound consequences for deterrence, military operations and the balance of power in the Western Pacific,” the article said.
Paul Giarra, a defense consultant who studies China’s weapons, called the missile “a remarkably asymmetric Chinese attempt to control the sea from the shore.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=annrZr9ybk7A&pos=9
[Edit]
- Norwester- Thanks again for the detailed info re. -- lonestar, 00:13:28 11/17/09 Tue
Dillon-Gage. Actually, my wife and I plan to be in Dallas the first part of Dec for the birth of our grandson. As chance would have it, my son lives only a couple of miles from Addison, Tx I also plan to stop by their refinery during that time. Should prove interesting
[Edit]
- IMF Announces Sale of 2 Metric Tons of Gold to the Bank of Mauritius -- -- WileE, 23:28:50 11/16/09 Mon
they now kick the Bank of Canada's ass...
[Edit]
- JoeB - stick with -- WileE, 23:23:53 11/16/09 Mon
us morons and make some real money.
[Edit]
- Got gold??? -- Iainmac, 23:15:09 11/16/09 Mon
Army tells its soldiers to 'bribe' the Taleban
British forces should buy off potential Taleban recruits with “bags of gold”, according to a new army field manual published yesterday.
Major-General Paul Newton said: “The best weapons to counter insurgents don’t shoot. In other words, use bags of gold in the short term to change the security dynamics. But you don’t just chuck gold at them, this has to be done wisely.”
http://www.timesonline.co.uk/tol/news/world/Afghanistan/article6919516.ece
[Edit]
- I hope you understand. - Earl -- JoeB, 23:08:09 11/16/09 Mon
Certainly, my condolences.
[Edit]
- I didn't know, that's all. ........ JoeB -- Earl, 22:48:37 11/16/09 Mon
My branch of deflationistas is actually ashamed of our position ........ it's so non-mainstream ....... we prefer to keep it hidden. I hope you understand.
[Edit]
- Seriously, I don't understand - Earl -- JoeB, 22:18:41 11/16/09 Mon
Simma down now, simma down. I didn't know, that's all.
[Edit]
- Sacre Bleu! You a deflationist Earl? ....... JoeB -- Earl, 22:14:32 11/16/09 Mon
Beraa Brahahahahaha (he cackled evilly)
Seriously, I don't understand why it's necessary to become unhinged over the matter. If you are an inflationista, more power to ya. I'm not offended in any way whatsoever. It's just a difference of opinion.
[Edit]
- "Pinhead Retards"..........I like it......thanks Winston... -- AZAU (), 22:04:37 11/16/09 Mon
"Collapse....... it's baked in the cake."
hahahahahahahahahaha!
Let them eat cake.
Last edited by author: Mon November 16, 2009 22:05:57
Edited 1 time.
[Edit]
- speaking of peak gold- SA gold death watch -- mugwump, 22:04:14 11/16/09 Mon
well, you can kiss SA gold production goodbye
http://www.mineweb.co.za/mineweb/view/mineweb/en/page34?oid=93062&sn=Detail
[Edit]
- Come over to the dark side JoeB. - Earl -- JoeB, 22:01:36 11/16/09 Mon
Sacre Bleu! You a deflationist Earl?
[Edit]
- More of "god's work".............. -- AZAU, 22:00:55 11/16/09 Mon
Ex-BofA exec says no role in bonuses
Ex-general counsel of Bank of America says he had no role in controversial Merrill bonuses
* By Marcy Gordon, AP Business Writer
* On 9:45 pm EST, Monday November 16, 2009
WASHINGTON (AP) -- The deposed top attorney of Bank of America Corp. says he played no role in drafting the bank's agreement to allow Merrill Lynch to pay billions of dollars in bonuses to its employees nor in decisions on whether to disclose the bonuses to shareholders.
Timothy Mayopoulos was fired as general counsel by Bank of America in December 2008. He is scheduled to testify before Congress for the first time on Tuesday as a House oversight panel examines the $45 billion federal bailout of the second-largest U.S. bank and its shotgun acquisition of Merrill last year at the height of the financial crisis.
[Edit]
- -- -- Winston, 22:00:05 11/16/09 Mon
Atilla
Right after bernanke tried to assure that Fed will keep an eye on sliding currency, USD started cratering.
Listen, I am really getting scared of some stuff I am seeing. We have some pin-headed retards sitting in high places and they have no clue about what is going on out there. I believe it is already too late to reverse the process, because at this juncture, as soon as they stop pumping steroids, the whole body will collapse on its own weight. During the last 9 months, neither public nor small businesses benefited from anything the government did, there is no credit available, no consumption and production , no jobs. It will be beyond your comprehension once this is over.
http://www.xtrenders.com/
[Edit]
- citigold- interesting early production miner -- mugwump, 21:56:35 11/16/09 Mon
http://www.citigold.com/viewasxrelease.asp?Releasenumber=311
[Edit]
- the deflationist believe they are the smartest folks in the room ... JoeB -- Earl, 21:52:15 11/16/09 Mon
You could be one of the smartest too. Come over to the dark side JoeB. Join the winning team. Become one the few. One of the proud.
[Edit]
- AZAU -- RIP, 21:51:07 11/16/09 Mon
I CAN see the difference in order of magnitude.
That's why I long for the old days.
When a few thousand was a major hit.
This market cannot be cured.
It can only be subdued....temporarily.
We will be back to 'normal' in no time.
Up.....or down.
[Edit]
- @Gold is out of the box ... it's running ... and it's taking no prisoners ... -- mozel, 21:48:28 11/16/09 Mon
[Edit]
- For all you dollar teat sucker deflationistas........... -- AZAU, 21:47:44 11/16/09 Mon
Gold will stay above $1,000 an ounce forever -Dr. Doom
Now say it with his german accent:
_________________
Ingott Ve Trust!
[Edit]
- RIP..........somehow the BIG criminals get special treatment....... -- AZAU, 21:44:59 11/16/09 Mon
perhaps because it is a corruption based economy based on a corrupt society?
Old, New, etc....ALL the same. Too bad you can't see the difference in orders of magnitude.
[Edit]
- IMF Announces Sale of 2 Metric Tons of Gold to the Bank of Mauritius -- RIP, 21:44:00 11/16/09 Mon
India.....Mauritius....where is the next 'safe' place they can dump their gold.....yet still maintain physical possession?
Are they running out?
[Edit]
- Tons of Gold to the Bank of Mauritius -- 2bro2b, 21:41:10 11/16/09 Mon
Mauritians revolted agains the global warming CFL lighting mandate. They won't give up their incandescents.
[Edit]
- Shittalker Shows Up................. -- AZAU, 21:40:03 11/16/09 Mon
Obama, Hu hold talks as world watches
Obama prods China to take global role on big issues -- sharing 'burden of leadership' with US
* By Jennifer Loven, AP White House Correspondent
* On 9:25 pm EST, Monday November 16, 2009
BEIJING (AP) -- President Barack Obama is opening his talks with China's leader by saying that strong dialogue between the U.S. and China benefit not just those two nations but the whole world.
_______________________________
Another High School student council election speech.
[Edit]
- modern songs -- 2bro2b, 21:38:23 11/16/09 Mon
Here's a quote from Roger Nichols, one of the participants on that panel. "Last month, I listened to all the CDs submitted
to NARAS for consideration in the 'Best Engineered Non-Classical' Grammy category. We listened to about 3 to 4 cuts
from the 267 albums that were submitted. Every single CD was squashed to death with no dynamic range. The Finalizers
and plug-ins were cranked to 'eleven' so that their CD would be the loudest. Not one attempted to take advantage of the
dynamic range or cleanliness of digital recording." - Roger Nichols Grammy winning engineer for Steely Dan, Beach Boys and
more. EQ Magazine January, 2002, issue.
http://www.cdmasteringservices.com/dynamicrange.htm
2min audio sample with accompanying waveforms and brief description to hear and understand the difference
http://www.cinchreview.com/bob-dylan-audio-scandal/570
[Edit]
- The Vet pic SLR - another high.. -- Iainmac, 21:37:37 11/16/09 Mon
http://finance.yahoo.com/q?s=SLR.AX
[Edit]
- AZAU -- RIP, 21:37:00 11/16/09 Mon
My problem is I am more comfortable with old crooks.
Crooks have always existed.
If you care to put your money in a position where modern crooks can take advantage of it....then that's your problem.
Call me old fashioned.
[Edit]
- IMF Announces Sale of 2 Metric Tons of Gold to the Bank of Mauritius -- Iainmac, 21:35:40 11/16/09 Mon
November 16, 2009
The International Monetary Fund announced today the sale of 2 metric tons of gold to the Bank of Mauritius, the nation’s central bank. The sale was conducted on the basis of market prices prevailing on November 11, 2009 with proceeds equivalent to US$71.7 million (SDR 44.7 million). This transaction is part of the total sales of 403.3 metric tons approved by the Executive Board in September 2009 (see Press Release No. 09/310), and it adds to the 200 metric tons already sold to the Reserve Bank of India (see Press Release No. 09/381).
As previously announced (see Press Release No. 09/310), in accordance with the guiding principle of avoiding disruption of the gold market, the IMF’s Executive Board adopted modalities for the gold sales consistent with guidelines it had earlier established. In particular, the Fund is standing ready for an initial period to sell gold directly to central banks and other official holders that may be interested in such sales. Thereafter, on-market sales of any amounts remaining from the 403.3 tons would be conducted in a phased manner over time, following the approach adopted successfully by central banks participating in the Central Bank Gold Agreement.
As previously indicated, the Fund will inform markets before any on-market sales commence, and will report regularly to the public on progress with the gold sales.
http://news.goldseek.com/GoldSeek/1258437355.php
[Edit]
- capstone finds more copper- a great net income story -- mugwump, 21:33:30 11/16/09 Mon
http://www.mexicomike.ca/php/phpBB2/viewtopic.php?t=12927
[Edit]
- Banksters........as Rippy would say, are to the point of criminal behaviour -- AZAU, 21:29:31 11/16/09 Mon
to save their sorry corrupt @sses.
They obviously have an addiction problem.
[Edit]
- When you listen to the auld songs, you realize the modern songs are -- mozel, 21:26:35 11/16/09 Mon
so sorely lacking true soul ... some things, you cannot buy ...
[Edit]
- I see the banksters are tightening the screws on their benefactors.... -- AZAU (), 21:20:50 11/16/09 Mon
the taxpayers-consumers. Getting all sorts of amendments to credit card agreements...giving them instant power to lower credit limits and stick higher rates to the card holders. Amex sent a notice stating 23.99% plus prime for the late rate. I paid them off long ago when they started that shit.
Cancel every one of those fecking criminals as they try to make their catastrophe into your problem.
BLOODSUCKING VAMPIRES! Beyond usury even...to the point of criminal insanity....
And things are getting "better?"
drowning in their own excrement, trying to get you to pull them up!
Too late!
Cut them off!
Last edited by author: Mon November 16, 2009 21:24:47
Edited 1 time.
[Edit]
- gold up 2%- silver up 6%, yeah baby -- mugwump, 21:23:47 11/16/09 Mon
http://news.goldseek.com/GoldSeeker/1258434000.php
[Edit]
- kgc to buyout gil property from teryl resources -- mugwump, 21:17:30 11/16/09 Mon
http://finance.yahoo.com/news/AXcess-News-Kinross-Gold-Bids-iw-404575889.html?x=0&.v=1
[Edit]
- @WALIAC @so the generation who always thought singing along at music concerts -- mozel, 21:17:16 11/16/09 Mon
is political action hits the wall, huh ? LOL LMAO
[Edit]
- LilDevil -- RIP (), 21:15:34 11/16/09 Mon
I have been involved in the horse racing game for years,
Yet nothing can compare with what has happened since the slots were introduced to the tracks.
The race track was never pretty.....but electronic gaming has destroyed it completely.
Purses have risen due to slots....although I feel only temporarily.
The teat is running dry....and there will be a nasty price to pay.....both economically and socially.
fwiw
Last edited by author: Mon November 16, 2009 21:17:01
Edited 1 time.
[Edit]
- out old pal steve peutz shows up -- mugwump, 21:12:05 11/16/09 Mon
About 18.8 million homes stood empty in the U.S. during the third quarter as banks seized properties from delinquent borrowers…. [That compares to the miniscule September annual pace of new home sales reported at] 402,000, the Commerce Department said yesterday…. There were 130.3 million homes in the U.S. in the third quarter, according to the report. In addition to the 2 million empty properties for sale, the report counted 4.6 million vacant homes for rent and 4.6 million seasonal properties that are only used for part of the year. Foreclosures are included in a part of the Census Bureau that also includes vacation homes intended for year-round use and homes that are unoccupied because they are under renovation or tied up in legal proceedings. There were 7.7 million such properties empty in the first quarter, up from 7.5 million a year earlier, the report said…. U.S. banks in the second quarter held $34 billion of properties acquired through foreclosure, including repossessed homes and condominium projects gone bust, according to the Federal Deposit Insurance Corp. in Washington. That’s almost double the $18.9 billion of real estate [that banks held] a year earlier.” [Howley, 2009]
In addition, a few reporters have recently written about banks that have completed all pre-foreclosure procedures but then held off with the final eviction process – the rationale being that it’s better to have someone in the house somewhat watching and maintaining the property (even if they fail to make monthly mortgage payments) rather than leaving the house sit empty. This is being driven by the fact that bankers are hoping for a rebound and don’t want to sell additional properties into a weak market. Nonetheless, the delay tactics aren’t improving cash-flow at banks, and the delays fail to permanently address the issue of the true value of questionable assets held by the banks. The delays simple serve as another indicator of the “pretend things are still OK” mentality that has gripped our nation’s leaders and money managers.
[Edit]
- Rip, but of course the banksters aren't addicted to those CDO's -- AZAU, 21:08:05 11/16/09 Mon
and all the high risk gambles they took, and lost, sucking down the entire banking system with them. Now, WHO'S got the addiction problem AND WHO's to the POINT OF CRIMINAL BEHAVIOUR?
[Edit]
- mai- $5 million net in qtr -- mugwump, 21:03:27 11/16/09 Mon
http://finance.yahoo.com/news/Minera-Andes-Reports-iw-1846043272.html?x=0&.v=1
[Edit]
- RIP @ It is as bad as alcoholism and drug abuse combined -- LilDevil, 21:02:52 11/16/09 Mon
Gimmee a break! lol
[Edit]
- AZAU.....everything is gambling -- RIP, 21:00:26 11/16/09 Mon
The casino point was.....the same stooges are losing time after time after time......to the point of criminal behaviour.
It's called addiction.
[Edit]
- ya beat me to it. -- 2bro2b, 20:59:29 11/16/09 Mon
Codependency. What is ir with that newspaper, change of management, editor, trying to swim instead of sink.
They are behaving completely out of character lately,
two or three times now, for the first time in twenty years,
they've graced their pages with something I've found to be
of interest instead of irritation and annoyance.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Estimates of intermarriage rates are imprecise. A 2000 book by Harvard professor Werner Sollors says more than half of married Native American adults in the U.S. in 1990 were married to a non-Native. The Encyclopedia of American History puts that number at about two-thirds in 2000.
http://www.oregonlive.com/news/index.ssf/2009/11/oregon_family_at_heart_of_stic.html
According to this article the difference between a powwow
and a northern Idaho Mountain Man Jamboree honoring past traditions with recreations is the casino license/monopoloy. Someone put something in the water cooler jugs in the newsroom.
[Edit]
- @ Denninger -- RIP, 20:54:04 11/16/09 Mon
Is he nuts?
Are you nuts?
Your dollar is going no where.
[Edit]
- rippy.......what's the difference between lotto and the Stock market or options trading or ????? -- AZAU, 20:52:15 11/16/09 Mon
Do you think those are not "gambling", especially when the corrupt banksters and assorted seedy criminals manipulate and control the markets? do you think one is more acceptable because the criminals wear suits? Pots and Kettles of dark colours..
[Edit]
- @ gambling -- RIP (), 20:47:54 11/16/09 Mon
Wow...I'm torn on this one.
On one hand I believe in personal responsibility....on the other, I have seen the damage done by compulsive gambling.
It is as bad as alcoholism and drug abuse combined.....because people somehow believe they can get even.
The goo should not ban gambling....but neither should they promote it.
It's a demon the goo has no business in.
Last edited by author: Mon November 16, 2009 20:49:52
Edited 1 time.
[Edit]
- ackerman 1174.90 -- BUFFORD, 20:46:37 11/16/09 Mon
http://www.rickackerman.com/2009/11/central-banks-cant-stop-golds-rampage/#more-11784
"After 1174.90, What?
So what do we expect after 1174.90 is hit? As is our wont, we’ve pushed expectations aside, ahead of the actual event. We’d prefer to let gold tell us what it will do next, based on how it interacts with the target. Because it has been so long in coming, however, and because the price pattern that produced it is so clear, we’re pretty sure that the 1174.90 pivot will not be a pushover. To take advantage of this prediction, we have advised long-term gold bulls to lighten up when the target is closely approached. It can also be shorted by day traders with a very tight stop-loss. If the futures should simply barrel past 1174.90 without much effort, though, the “chopped liver” rule would be in effect. Basically, it says that if a clear target shows little or no discernible resistance, we should infer that the underlying trend still has plenty of power behind it. We’ll say more about that when December Gold hits 1174.90. Until then, we should simply sit back and enjoy gold’s romp in the face of a probably doomed effort by the central banks to suppress it. "
[Edit]
- -- -- Winston -- JoeB, 20:45:16 11/16/09 Mon
So the smartest man in the world (and he'll confirm that) believes there's a chance that the dollar could collapse? How does that jive with his deflationary dogma?
BTW, ever notice how the deflationist believe they are the smartest folks in the room (just ask them)?
[Edit]
- Winston.....who?...................NOONE.........let it go down the TEWBS... -- AZAU, 20:44:32 11/16/09 Mon
there is too much evil in the system to save it.
prey for its demise.
[Edit]
- -- -- Winston (), 20:37:02 11/16/09 Mon
Denninger
The market took about 10 minutes to discern that Bernanke's "concern" was BS, and now has pushed in the chips - "all in" - breaking key support below 75 on the Dollar index- and still going.
The carry traders have redoubled their bets and obviously intend to force Bernanke to either put up or shut up.
It appears the FX market intends to force Bernanke (and Geithner) to either defend the dollar or allow it to collapse. The violence of this move and the concurrent "ramp job" that accompanied it in the S&P 500 makes clear a few points though.
•The "efficiency" of transmission between this move down and the move up in the stock market is lower than the previous moves have been, although the correlation remains intact.
•The FX markets will press this bet incessantly as they did when Geithner last mouthed the "strong dollar" mantra.
The Fannie and Freddie game wound up bankrupting both firms and forcing the government to bail them out.
Who is going to bail out the United States Government if and when the FX markets and carry traders cause a disorderly collapse in the dollar?
http://market-ticker.denninger.net/
[this is reminiscent of the breakdown of the Pound Sterling in the 60's. The global leveraged trading community smells blood in the water.]
Last edited by author: Mon November 16, 2009 20:41:41
Edited 2 times.
[Edit]
- @ nicotine and casinos -- RIP, 20:35:36 11/16/09 Mon
At least you don't smoke a cig in the hope of getting your mortgage money back.
Nothing is more addictive than gambling.....especially in an economic downturn.
And your state now sponsors it.
Shhhh!
Bring back bookies and a beat cop and a bought off vice squad.
They were far less harmful than this shit.
[Edit]
- Ooops ......... ya beat me to it. -- Earl, 20:33:57 11/16/09 Mon
[Edit]
- The Oregon Lottery's 'loyal customers' -- 2bro2b -- Earl, 20:33:06 11/16/09 Mon
According to the front page article in y/d's bird cage liner, one third of the gambling addicts eventually commit a crime in order to support their habit. So,..... the state lottery stands in support of criminal behaviour in order to maintain it's cash flow. Purty neat.
[Edit]
- The Oregon Lottery's 'loyal customers' -- 2bro2b, 20:21:48 11/16/09 Mon
The Oregon Lottery spends tens of thousands of dollars a year to learn the gambling habits of its players, but hardly anyone wants to know what it has found.
But The Oregonian's Brent Walth took a long look at the Oregon Lottery's player research, and what he found is disturbing evidence of a state dependent on heavy losses from a small number of heavy gamblers -- many compulsive, problem gamblers -- to pay for schools, parks and other essential public services.
In The Sunday Oregonian, Walth reported that more than half the money the lottery collects from video gambling -- $375 million last year alone -- comes from a fraction of lottery players. Only 10 percent of Oregon's video gamblers account for a whopping 53 percent of the money lost to the lottery.
Walth had to use Oregon's Public Records Law to gain access to the lottery's extensive research into the habits of its players. From what he found, it sure looks like Oregon is living off the backs of a small number of people hunched over those video lottery machines losing hundreds, sometimes thousands, of dollars a month.
The lottery has an obligation to report everything it knows about those people and their gambling problems.
"People in the Legislature have no idea about these numbers and the damage that is done to people's lives," says Rep. Carolyn Tomei, D-Milwaukie. "It's a message that frankly wouldn't be welcomed in the Legislature right now, because we've become so dependent on the lottery's money."
"With any product, there's typically going to be loyal customers," Hardy says. "What you see in our business is in fact not all that different than any other product."
More than one third of people seeking treatment in Oregon say they committed crimes to get gambling money. Peterson used to work as a restaurant bookkeeper and skimmed $20 here, $40 there. The end came when he stole $500 and tried to cover it up.
http://www.oregonlive.com/politics/index.ssf/2009/11/oregon_lottery_addicted_to_big.html
http://www.oregonlive.com/opinion/index.ssf/2009/11/the_oregon_lotterys_loyal_cust.html
[Edit]
- The Oregon Lottery's 'loyal customers' -- 2bro2b, 20:14:39 11/16/09 Mon
The Oregon Lottery spends tens of thousands of dollars a year to learn the gambling habits of its players, but hardly anyone wants to know what it has found.
[Edit]
- @ Cycle Pro....decent stuff -- RIP (), 19:59:49 11/16/09 Mon
Deleted through author's taste.
I sucked.
Last edited by author: Mon November 16, 2009 20:05:14
Edited 1 time.
[Edit]
- Cycle Pro Updated -- Iainmac, 19:44:42 11/16/09 Mon
http://www.cycleprooutlook.com/Charts/SP500/Outlook.htm
I have no doubt the dollar carry-trade is being used to rally stocks, and probably gold too. Because this is largely a Wall Street event, you can be sure that they are employing leverage, lots of leverage. Once the carry-trade unwinds, this leverage collapses just as fast as it went up. Well actually, it comes down faster because Wall Street's desire to lock in paper profits assures a stampeed to be the first in line to sell.
Any asset that is currently trading directly inverse to the dollar is subject to a radical reversal in the event the carry-trade ends.
Wall Street is having a $Trillion private party, we're not invited, but we're allowed to watch by the sidelines and are expected to clean up the mess afterward. Rule changes and regulations by Congress won't take effect for a year or two so Wall Street is living it up while the theft and fraud is still being allowed.
[Edit]
- How to Make Convincing Fake-Gold Bars (03.14.2008) -- doran, 19:42:10 11/16/09 Mon
http://www.popsci.com/diy/article/2008-03/how-make-convincing-fake-gold-bars
[Edit]
- request by Hong Kong 2-3 months ago when they requested their gold -- 2bro2b, 19:20:07 11/16/09 Mon
The Hong Kong Monetary Authority, which functions as the territory's unofficial central bank, will transfer its gold reserves stored in other vaults to the depository later this year, the Hong Kong government said in an earlier statement.
The monetary authority reported $63 million in physical gold reserves as of July 31, according to its International Reserves and Foreign Currency Liquidity statement. The authority wouldn't disclose where the reserves are held, but local media reports cited gold traders as saying that London's the most likely location.
http://www.marketwatch.com/story/hong-kong-recalls-gold-reserves-from-london-2009-09-03
$63m@$1000/oz in Sept. works out to 2 or 3 tons.
[Edit]
- And as sad as it is -- RIP, 19:15:08 11/16/09 Mon
..the escape hatch will likely consist of paper dollars in hand.
Fractions don't work with the uneducated.
Who Spent $43.7 Million On 200 One Dollar Bills?
http://dealbreaker.com/2009/11/who-spent-437-million-on-200-o.php
[Edit]
- The trick is knowing when you are well fed enough to escape. -- Pyrite, 19:12:58 11/16/09 Mon
I'm gettin OUT of the....frying pan.
[Edit]
- Greed is good. -- RIP, 18:47:41 11/16/09 Mon
Pigs get fat...hogs get slaughtered
And so on... and so forth.
The trick is knowing when you are well fed enough to escape.
[Edit]
- Bufford -- Miniminer, 18:43:22 11/16/09 Mon
since I only have half of the gold I once had, I am comfortable with it going either way...In the back of my mini-mind however, I weigh heavily on a massive deflationary bust where everything is liquidated because there is NO MONEY-only credit and debt piled on top of each other...but the frontal lobe of my mind says--hyperinflation is now and anything other than cash explodes to the upside....I don't know.
[Edit]
- I know... FUNDAMENTALS ... mean nothing. -- Pyrite, 18:38:48 11/16/09 Mon
But ya gotta step back and wonder if China and India have ever had any experience as money LENDERS.
I know as a shylock that profligate spenders ALWAYS default.
I bet they do too.
[Edit]
- Miniminer...........what side of PM fence are U on here -- BUFFORD, 18:36:51 11/16/09 Mon
Up Down...........
[Edit]
- another low volume dow rise -- skys39 -- Pyrite, 18:36:40 11/16/09 Mon
wunner if enuff was sold to slam into bonds? Anticipation of a drop could have fueled the bond rise.
[Edit]
- Tungsten gold bars -- Miniminer, 18:33:26 11/16/09 Mon
I just wonder if this story has to do with a request by Hong Kong 2-3 months ago when they requested their gold held by London transfered to their depository....I could see the HK depository verifying and assaying the product when it arrived..1-2 months seems like the timeframe to transfer and test the gold bars... The Great Hong Kong ripoff attempt.
maybe the Gold Eagles are also fake?
[Edit]
- Todd - I depends on whether they sold or not in 08 -- APOLLO, 18:31:40 11/16/09 Mon
& institutional traders rarely let taxes dictate their decisions.
[Edit]
- Tom Obrien open to $1200 gold ................Larry -- BUFFORD, 18:31:14 11/16/09 Mon
Persavento sez silver $22
[Edit]
- APOLLO - Just asking............ but might last year's carry overs kill P-taking? -- Kitcotodd, 18:15:13 11/16/09 Mon
[Edit]
- Keep editing -- RIP, 18:09:43 11/16/09 Mon
I'm sure someone will make sense of your post.
[Edit]
- Devil -- RIP, 18:06:40 11/16/09 Mon
Isn't something being launched....somewhere?
[Edit]
- RIP's Bible ----- 83 6" thick Volumes -- LilDevil (), 18:01:55 11/16/09 Mon
12454 Psalms
733 Books
8324 Saints
902 Prophets
988 Commandments
Last edited by author: Mon November 16, 2009 18:05:11
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[Edit]
- RobotTrader -- RIP, 18:03:39 11/16/09 Mon
Yet another strategic upgrade of U.S. Steel and other issues sent the short sellers reeling and backpedaling. At the same time, hundreds of fund managers desperate to "make their year" piled into whatever was moving the fastest. Currency gaming has resumed its one-way trade, as the FX Megadroid and Forex GridBot players are now "watching the money roll in" for once.
As usual, U.S. Steel had bounced from an oversold position to resistance, and the JP Morgan Prop Desk Crocodiles saw it as an opportunity to blow out some shorts who had gotten out their slide rules on Friday and pre-calculated the optimum place to lay out a short line on that stock.
http://www.zerohedge.com/article/jp-morgan-upgrades-spark-another-rally
[Edit]
- Sherlock, no crystal ball - just my gut & intuition -- APOLLO, 17:53:57 11/16/09 Mon
for what its worth.
[Edit]
- Meredith Whitney: “The Market Makes No Sense To Me” -- RIP, 17:53:34 11/16/09 Mon
http://dealbreaker.com/2009/11/meredith-whitney-the-market-ma.php
It doesn't have to answer to a woman who married a professional wrestler.
Think about it.
[Edit]
- Someone's CV (resume) -- Iainmac, 17:53:03 11/16/09 Mon
http://www.flateric.net/downloads/dinosaur_cv.pdf
[Edit]
- Todd - I am anticipating a pretty good P-taking season -- APOLLO, 17:52:33 11/16/09 Mon
in the past 10-yrs, we've only had one P-taking like what we are about to experience & that was the NAZ in 01 - not really P-taking, more like P-losing. DEC this year is a tough call, but should settle down after Christmas at the latest.
[Edit]
- Chrisalias - if you do the math, the accrued dividend is pretty much priced in -- APOLLO, 17:50:34 11/16/09 Mon
If you don't want an intermediate rocky ride via Dec, you can sell now & your fine - you had a great ride. I am holding very long term in my IRA where I have about 9,000 shares & will be selling probably half in my open account where I have 11,000 shares in Feb.
[Edit]
- The poor performance of most of the juniors tells us -- The_Vet (), 17:42:47 11/16/09 Mon
that the small retail investor isn't in this market yet.
The big funds only buy the big liquid stocks and usually shun the juniors. The little guys who suddenly feel that they missed out, jump into the only remaining PM stocks that look cheap, the juniors, explorers and all the well promoted holes in the ground with a liar on top.
They do minimal DD, read tips sheets, boards like this, and emailed "sure things" (and believe them) and it doesn't take a lot of buying to move some of these juniors. When they really start to move, consider getting out while the demand is still there; don't wait for the top because if you are a minute too late the fall will be dramatic!
Last edited by author: Mon November 16, 2009 17:43:50
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[Edit]
- On one hand I hear the market is too high -- RIP, 17:39:27 11/16/09 Mon
...on the other...I hear naked shorts are evil.
Wanna bubble?
You got one.
Shorts don't stick their neck in a guillotine.
You will miss them.
Party on.
[Edit]
- Blow off tops are usually caused by short covering -- The_Vet, 17:35:40 11/16/09 Mon
and shorts are not natural buyers. In fact they hate anything that they have been forced to buy, and the longs who eventually sell to them only do so because they believe the top is in...
Keep that in mind..
[Edit]
- SVR.UN & WT ... Another Fund/ETF In CDA For Phys SILVER ... -- MoreGold, -- The_Vet (), 17:29:20 11/16/09 Mon
Be careful to do the math on this one. All the warrants are in the money but the NAV is quoted on the value of the silver and cash divided by the number of shares issued at the present time not the fully diluted figure.
When the warrants exercise then the number of shares almost doubles but it only adds $10 US cash per warrant to the pot and almost halves the amount of silver per share. Net result the NAV will drop a lot the moment the warrants exercise and there will be much less than 1/2 ounce of silver per share.
Despite this it can be traded (the warrants are a bit thin to trade) and I have done so (at a profit) but I am out now.
Last edited by author: Mon November 16, 2009 17:31:16
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[Edit]
- Nothing is insanity -- RIP, 17:30:54 11/16/09 Mon
Today closed at a perfect balance between who think it should be higher...or lower.
That's not insanity.....short of shorts...it's fact.
Care to fight em?
[Edit]
- you guys trying to short -- WileE, 17:30:42 11/16/09 Mon
remind me of would-be tacklers trying to stop Earl Campbell.
Like Ram No. 58 at 1:26 in. Watch for the yellow arrow. Go ahead, give it your best shot:
http://www.youtube.com/watch?v=LxugRBWN8gw
[Edit]
- The whole thing is run by GoldmanSacks alumni -- Miniminer, 17:24:41 11/16/09 Mon
Gee, with the country run by goldman sacks, who needs real elections? the masters that are posing as bankers are in for life so go ahead and elect someone that is from the approved list..
[Edit]
- The fraud and theft never end in this corrupt system. -- Earl, 17:20:02 11/16/09 Mon
Kill it with fire!
[Edit]
- Running the stock market up with Funny Munny...... -- AZAU, 17:19:11 11/16/09 Mon
Near zero per cent interest facilitates the fraud and manipulation. The Market is in BIG trouble, since there is no basis for the run up.
Collapse of the entire system is the only remedy left.
[Edit]
- The SM going up is pure insanity......the POG going up is -- AZAU, 17:02:43 11/16/09 Mon
telegraphing one very IMPORTANT FACT:
There really are fraudulent, fake gold bars out there, and somebody has gotten screwed or is going to be.
The fraud and theft never end in this corrupt system.
Let it collapse and die.
[Edit]
- Bank Stocks: Too Far Too Fast? -- Sherlock, 16:57:15 11/16/09 Mon
The banking index has advanced some 136 percent but the sector may have been at least fairly valued, says Meredith Whitney, Meredith Whitney Advisory Group CEO...http://www.cnbc.com/id/15840232/?video=1332936523&play=1
[Edit]
- Apollo / Let it be known -- Sherlock, 16:45:43 11/16/09 Mon
Have you got a crystal ball, or just a willingness to stick your neck out ? Because all I seem to be able to do with this market, is make a continuous chain of lucky guesses.
[Edit]
- Apollo - I'm surprised you say until after Christmas......... -- Kitcotodd, 16:42:53 11/16/09 Mon
.... generaly PM investments do well from midDecember on.
[Edit]
- Apollo HL pref C -- Chrisalias, 16:41:52 11/16/09 Mon
Apollo in regard to HL+C, in your opinion does it make sense to hold through the dividend?
[Edit]
- Let it be known - when this thing turns, everyone is gong to get creamed -- APOLLO, 16:38:31 11/16/09 Mon
there will be no place to hide unless you are short. I don't expect that turn in earnest until March. But, we will get a nasty taste of it via year-end profit-taking which will start in front of the Nov UE Report. From there until after Christmas, its going to be not so jolly.
[Edit]
- Rip's new bible -- 2bro2b -- RIP, 16:32:35 11/16/09 Mon
amen.
[Edit]
- Postal Service reports $3.8 billion loss -- Sherlock, 16:29:16 11/16/09 Mon
By Hibah Yousuf, CNNMoney.com staff reporter
Last Updated: November 16, 2009: 3:52 PM ETNEW YORK (CNNMoney.com) -- The U.S. Postal Service reported a $3.8 billion loss in the 2009 fiscal year, despite $10 billion in cost-cutting measures....http://money.cnn.com/2009/11/16/news/companies/US_postal_service/index.htm
[Edit]
- fed to regulate gift cards -- skys39, 16:28:50 11/16/09 Mon
rotflmfao
http://www.businessinsider.com/ben-bernankes-fed-tries-to-reinvent-itself-as-a-pro-consumer-watchdog-2009-11
[Edit]
- nearing multi-year lows -- skys39, 16:23:07 11/16/09 Mon
http://quotes.ino.com/chart/?s=NYBOT_DX&v=dmax
[Edit]
- I still don't like the crappy performance of the juniors I follow. -- Hambone, 16:21:29 11/16/09 Mon
JMO, FWIW.
[Edit]
- buffet bought almost a million shares of exxon -- skys39, 16:21:00 11/16/09 Mon
in june.
just passing the wires
[Edit]
- ... good corporate citizens ... -- BWP, 16:17:56 11/16/09 Mon
"General Motors Generates $3.3 Billion in Cash, Will Start Repaying Loans"
... yeah, after executive bonuses, that leaves $2.57 ....
[Edit]
- A short term put buyer's prayer. -- Hambone, 16:12:40 11/16/09 Mon
Lord, please give me 3 sharp down days in a row. Or, if not that, two. Or if not that, at least one and the intelligence to cover.
[Edit]
- another low volume dow rise -- skys39, 16:12:19 11/16/09 Mon
somebody's gonna get creamed
[Edit]
- To go with the 10-yr being down - S&P 1200 maybe & then a whipping -- APOLLO, 16:08:27 11/16/09 Mon
Eric Fry, assessing the markets from Montevideo, Uruguay...
As the financial markets charge into another week of trading, the US stock market keeps staking its flag at ever-higher levels...sort of.
The Dow Jones Industrial Average ended last week at 10,270 a new 13- month high for this high-profile index. But most of the broader failed to keep pace. In fact, they slumped lower! Options expert, Jay Shartsis, founder of the Shartsis Options Alert in New York, calls this development a "very serious negative divergence."
"The new Dow highs have not been confirmed by the widely-based Value Line (over 2300 stocks)," Shartsis points out, "and divergences between these two indices have marked important turning points in the market in past years. This divergence, in my opinion, trumps the still bullish sentiment data and calls for a stock thrashing dead ahead.
"Traders should also note that a head-and-shoulders top is building on the Value Line Index," Shartsis continues, "with the right shoulder top lower than that of the left - an extra bearish element. At the current 2,138, the Value Line is about 4% from a new high and it doesn't look like it is headed back to that level any time soon."
Armchair technical analysts might also find it intriguing that the NYSE Financials Index (which has been leading the stock market since last March) is tracing out a head-and-shoulders formation that closely resembles the Value Line's. These bearish auguries do not guarantee that the stock market will retreat, of course, but they do provide some modest cause for concern.
[Edit]
- ... growin' into the job .... -- BWP, 16:07:08 11/16/09 Mon
“Bernanke: It is inherently extraordinarily difficult to know whether an asset’s price is in line with its fundamental value,” he said today in response to audience questions after a speech in New York. “It’s not obvious to me in any case that there’s any large misalignments currently in the U.S. financial system.”
... yeah, it's not obvious ta him ... ya want he should know stuff 'bout finance and then take away his power too?
[Edit]
- selling the close -- skys39, 16:06:34 11/16/09 Mon
will not make you poor
[Edit]
- Rip's new bible -- 2bro2b, 16:06:23 11/16/09 Mon
Having fallen far from any tree of knowledge,
thus free of sin, is given license to cast the first stone,
incessantly.
[Edit]
- All I can say is.... -- Sherlock, 16:05:06 11/16/09 Mon
Wow !...music please...http://www.youtube.com/watch?v=laO91yhxobc&NR=1
[Edit]
- Rip's new bible -- Sherlock (), 16:00:34 11/16/09 Mon
First chapter... Adam and Eve engage in naked short selling of apples.
Last edited by author: Mon November 16, 2009 16:01:40
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[Edit]
- Usury works fine until it does not -- RIP (), 15:55:48 11/16/09 Mon
Then....it becomes a stone on a dry camel's hump.
Do you toss the stone....or shoot the camel?
Next.....I will write a new book for the Bible...lol
Last edited by author: Mon November 16, 2009 15:57:55
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[Edit]
- Isn't all usury some form of terrorism? -- RIP -- Permabear1 (), 15:49:34 11/16/09 Mon
Well it must have caused a great deal of mischief in times past because there are all sorts of laws, religious and secular that have attempted to limit it or forbid it outright.
It all comes down to that 'pound of flesh'http://www.20thcenturyflicks.co.uk/imagesFilm/12169.jpg
Going back to the past:
Rags Make Paper
Paper Makes Money
Money Makes Banks
Banks Make Loans
Loans Make Beggars
Beggars Make Rags
-----Anon. English 19th C.
My wife cross stitched this and I have it hung up in the house to remind me!
Last edited by author: Mon November 16, 2009 15:52:27
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[Edit]
- ... well tan my hide to a pinkish glow .... -- BWP, 15:51:11 11/16/09 Mon
... the metals are swervin' back up .... revel inna glory ...
[Edit]
- @ palladium up 20 bucks -- RIP, 15:50:03 11/16/09 Mon
Another few hundred...and LDI may go back into production.
The days of those Ford palladium hedges are long over.
[Edit]
- Sorry -- Sherlock (), 15:46:12 11/16/09 Mon
but still (water) Wow !
Last edited by author: Mon November 16, 2009 15:47:15
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[Edit]
- Palladium Wow! -- Sherlock, 15:46:12 11/16/09 Mon
Up twenty bucks! That's 5.65% ! PAL is up 9% and SWC up 17%
[Edit]
- Bottom line -- RIP, 15:45:41 11/16/09 Mon
Most money is made while things don't make sense.
Once it does....people reverse.
[Edit]
- Darn... -- WALIAC, 15:45:02 11/16/09 Mon
I wanted to pay these exorbitant taxes, but there was this headwind...
[Edit]
- You can't tell me gold is being bought as an inflation hedge -- RIP, 15:43:36 11/16/09 Mon
....while the largest market....bonds...scream higher.
Even the US$ has not collapsed.
Maybe Lord Jim can explain this.
[Edit]
- CAL (CALVF) 0.070 +0.005 (7.69%) -- BWP, 15:41:58 11/16/09 Mon
... takes my bref away .... gives ya a reason fer bein' alive ....
[Edit]
- Things - -- Hambone, 15:41:09 11/16/09 Mon
are looking down tomorrow.
[Edit]
- Sherlock....bingo -- RIP, 15:30:23 11/16/09 Mon
And that goes quadruple for what is seen as risk stocks...like PMs.
And who knows what else.
Someone is severely wrong here.
[Edit]
- ... and here comes the gold/tungsten market dump ... -- BWP, 15:28:06 11/16/09 Mon
... the Cabal Feckers are unloadin' the yellah/gray crap ta MANIPULATE the price .... wait 'til I tell their mamas what they're doin' ...
[Edit]
- !0 year yield down near 10 bps -- RIP, 15:27:14 11/16/09 Mon
This is more important than what stocks and commodities are doing.
No comment.
Oh well.
[Edit]
- Rip /Bonds up ? -- Sherlock, 15:26:53 11/16/09 Mon
That would indicate that many investors are starting to doubt the staying-power of this rally in stocks and aren't
so inclined to chase them at these levels.
[Edit]
- Headwinds -- LSteve, 15:25:40 11/16/09 Mon
I think the origin of the headwinds is coming out of Helicopter Ben's ass.
[Edit]
- ... pointin' the finger .... -- BWP, 15:22:17 11/16/09 Mon
"Federal Reserve Chairman Ben Bernanke said Monday economic "headwinds" will restrain the pace of the U.S. recovery."
... yeah, headwinds ... they fuck up everythin' ...
[Edit]
- Hambone/ UXG stock doesn't act well -- Sherlock, 15:20:48 11/16/09 Mon
Yeah , your right. That's why I bought it. It was the only PM stock I could find that wasn't jumping. I guess it took a big rise in the physical to peak other's interest . I'm thinking if the pm prices can hold these levels, more traders will be looking for laggards and it could get to at least $3. I'd like to see it at least hold $2.90 today. Look at that, AUY all the way down to $13.02 from $13,27. And look at FAZ and SDS go !
[Edit]
- Knuckles is right -- RIP, 15:20:02 11/16/09 Mon
Problem is...he just won't believe the power of the specs.
Is he talking Kitco's book?
Is there a 'Junior' Kitco analyst we could ask?
[Edit]
- SDS has always been a fave on Cyclist's thread -- RIP, 15:12:31 11/16/09 Mon
Beauty....eh?
[Edit]
- nyuk nyuk nyuckles -- 2bro2b, 15:12:09 11/16/09 Mon
In the meantime, funds will "carry" on. Greed (as fear) knows no bounds.
Jon Nadler
Senior Analyst
Kitco Bullion Dealers Montreal
http://www.kitco.com/ind/nadler/nov162009.html
Jon Nadler further went on to say that he had been rrr...rrr...rrr...rrr...but then went to get his clock fixed.
[Edit]
- Gold....what else? -- LSteve, 15:11:24 11/16/09 Mon
If you own physical gold...tell no one.
If you have told people that you have physical gold....tell them that it had risen so high that you sold it and that you don't have any more.
A word to the wise is sufficient.
[Edit]
- SDS or FAZ or both... -- Sherlock, 15:10:01 11/16/09 Mon
are starting to look interesting. I'm always more inclined to buy something near it's lows than near, or at it's highs. But with all this liquidity sloshing around that's definitely not a sure thing. More decisions.
[Edit]
- Does anyone have an explanation of why bonds are up so strongly? -- RIP, 15:09:38 11/16/09 Mon
And no....Goo buying won't work.
[Edit]
- Sherlock -- Hambone, 15:05:44 11/16/09 Mon
Bought UXG this morning and sold it 5 points higher. I understand your dilemma. Actually, the stock doesn't act that well. IMO, if it hits 2.93 it goes higher. If not, anybody's guess. JMO.
[Edit]
- I bought a laggard PM stock UXG -- Sherlock, 15:03:07 11/16/09 Mon
I got impatient with pm stocks last friday and sold all my Yamana So I bought the laggard, U.S. Gold, and now, I have the same results as if I held Yamana Friday. The thing is should I sell UXG right here ? Decisions,,decisions. There's bound to be some profit taking... yup. they're starting to drift lower already. But that might be another head fake. Decisions, decisions.
[Edit]
- No, I would say Droopy is "Short" if I ever saw one -- APOLLO, 15:00:15 11/16/09 Mon
into the depths of zool
[Edit]
- Hambone @ Volcker -- RIP, 14:59:11 11/16/09 Mon
Like I said....different times.
Currently....a 2% US interest would crush gold and the carry trade.
One thing the US needs....despite how bad the economy is....is to keep the dollar circulating on a global basis.
It's a reserve currency thing.
The other option is protectionism and calling those dollars home to roost.
That's the nuclear option.
[Edit]
- DROOY -- forthecraic, 14:57:56 11/16/09 Mon
Time to do the old triple double down double down here?
[Edit]
- Tall Paul -- 2bro2b, 14:56:45 11/16/09 Mon
They keep him around for fossil evidence that they once existed and actually got that big.
[Edit]
- Fed 'attentive' to US dollar drop -- doran, 14:54:11 11/16/09 Mon
http://news.bbc.co.uk/2/hi/business/8363322.stm
[Edit]
- being driven deep into poverty -- 2bro2b, 14:52:36 11/16/09 Mon
Domestic heart-clutching terrorism, part of the planned savings.
[Edit]
- RIP -- Hambone, 14:50:28 11/16/09 Mon
He was a different person all right. He knew what was wrong and had the guts to do something about it.
[Edit]
- ... geez, never mind gold ....... -- BWP, 14:49:17 11/16/09 Mon
... look at what silver 'n plat are doin' .... my Engelhard doorstops are smilin' ...
[Edit]
- roan- jim sinclair's fax enclosed -- mugwump, 14:49:11 11/16/09 Mon
http://jsmineset.com/contact-us/
[Edit]
- volcker -- WileE, 14:48:57 11/16/09 Mon
just like before--they will need 20% interest rates to bring gold down. Until then, party on.
[Edit]
- gfi up over 4%- yeah mama -- mugwump, 14:46:38 11/16/09 Mon
http://finance.yahoo.com/q?s=GFI
[Edit]
- Isn't all usury some form of terrorism? -- RIP, 14:46:19 11/16/09 Mon
Just because you have grown up used to it....does not make it right.
[Edit]
- -- -- Winston, 14:46:08 11/16/09 Mon
Famed short trader Jim Chanos thinks that China's economy has real problems and is overvalued. He's therefore shorting China.
http://www.washingtonsblog.com/
[Edit]
- Jim Sinclair email -- ROAN, 14:44:31 11/16/09 Mon
Does anyone have the direct emaill address for Jim Sinclair?
[Edit]
- Hambone - crime -- WALIAC, 14:43:55 11/16/09 Mon
What the seniors are going through is like sitting on the roof of your house and watching the flood waters rising steadily. Plain and simple, it's terrorism.
[Edit]
- So they will be "watching"...... -- Mikikis, 14:43:36 11/16/09 Mon
"Bernanke: Fed will keep eye on sliding dollar, but pledges anew to hold rates at record-lows'
http://finance.yahoo.com/news/Bernanke-Fed-will-keep-eye-on-apf-2941100460.html?x=0&sec=topStories&pos=1&asset=&ccode=
[Edit]
- Volcker was a different person in a different period -- RIP, 14:43:34 11/16/09 Mon
...and I doubt he has much hair to pull out.
[Edit]
- wow -- Miniminer, 14:43:05 11/16/09 Mon
look at everything fly.
time to panick
[Edit]
- Volker - -- Hambone (), 14:41:40 11/16/09 Mon
must be tearing his hair out.
Does he have any left?
Last edited by author: Mon November 16, 2009 14:42:35
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[Edit]
- Can't you just see Timmy -- WALIAC, 14:40:32 11/16/09 Mon
Standing there with fake tears streaming down his face like Jimmy Swaggert and clutching at his breast sobbing, "I confess...it was gold that did it."
[Edit]
- -- Mikikis -- Gspot, 14:39:54 11/16/09 Mon
Can someone here show me conclusive proof that gold does well in a deflationary environment?
http://www.lesjones.com/2009/10/09/inflation-or-deflation-no-deflation-since-us-left-gold-standard/
[Edit]
- To me - -- Hambone, 14:38:56 11/16/09 Mon
the number of elderly depending on some interest income to live, and being driven deep into poverty by Obama, Ben and the big banks is a disgrace, if not a crime.
[Edit]
- @ glod in deflation -- RIP (), 14:37:25 11/16/09 Mon
A freely trading POG offers no example of what it would do in a prolonged period of deflation.
This time..it's different.
Oh....and global.
Last edited by author: Mon November 16, 2009 14:38:53
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[Edit]
- @conclusive proof -- skys39, 14:38:30 11/16/09 Mon
we are in uncharted territory now
to destroy everything.. that is the plan
enjoy the ride while you have one
[Edit]
- Deepbreather - I don't doubt they'll try to blame gold -- WALIAC, 14:35:52 11/16/09 Mon
But what fool would buy it from these charlatans?
[Edit]
- Can someone here show me conclusive proof that gold does well in a deflationary environment? -- Mikikis, 14:34:24 11/16/09 Mon
Without using fixed gold prices during deflationary periods.....
[Edit]
- Barrick speculate? -- RIP, 14:31:48 11/16/09 Mon
I AM SHOCKED.
[Edit]
- RIP -- Mikikis, 14:31:48 11/16/09 Mon
Seems to me like $1000 was the big turning number...not that many hadn't already accumulated some positions by then. But the Barrick things sticks out for me as a key moment. So from there they are only up 11% or so....of course in the banker world of 20:1 leverage that's not bad......but in oil for example they hit a solid 40-50%....which would place us closer to 1400 or 1500.....
[Edit]
- Mikikis - Rats...Nothing's sacred! -- WALIAC, 14:30:45 11/16/09 Mon
We'll have to go with: 'It's the Mexican and the declining peso thing...'
Doesn't roll off the tongue as easily, but at least snopes can't deny it.
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- Forget Your Inflation Fears, Think About Investing for a Deflationary Environment -- Sherlock, 14:28:52 11/16/09 Mon
Rip will like this one...Gary Shilling, president of A. Gary Shiling & Co. "I see a world of excess supply," says Shilling, ...http://finance.yahoo.com/tech-ticker/article/373084/Forget-Your-Inflation-Fears-Think-About-Investing-for-a-Deflationary-Environment;_ylt=AmVNStnc5Fqui3buZD3uPJpl7ot4;_ylu=X3oDMTE2NWxtaGtiBHBvcwM0BHNlYwNyZWNlbnRQb3N0cwRzbGsDZm9yZ2V0eW91cmlu?tickers=%5Edji,%5Egspc,EEM,dia,spy,XHB,DBC
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- Mikikis -- RIP, 14:28:22 11/16/09 Mon
I have no idea when they will reverse.
But they will......and the guessing is what keeps the game interesting.
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- Love to short GBG. -- Hambone, 14:28:17 11/16/09 Mon
But given the mania here, I don't have a clue where.
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- "I also think the grand collapse will be blamed on gold." -- Mikikis, 14:28:11 11/16/09 Mon
We get to be the bad guys then I guess.
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- @ Something isn't right. -- BWP, 14:27:48 11/16/09 Mon
... I'm still goin' wif the story that these miners forward sold their production at spot prices way under a grand ... none of 'em can take advantage of these prices fer now ... need ta know how far out they sold ... add ta that the munny-suckin' ETF's and ya got the rest o' the story ...
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- in the spirit of christmas -- 2bro2b, 14:27:07 11/16/09 Mon
What's that mean? It means that if a panhandler asks him for a little money or food, Malice says, "I could, but then you might live longer, so you see my dilemma."
Does Michael Malice admit to being an unreconstructed 33-year-old Ayn Rand Asshole?
http://www.gq.com/entertainment/books/200911/ayn-rand-dick-books-fountainhead?currentPage=1
Any spiritually committed Randian could sympathize but then how does one express the charitable impulse that accompanies any decent superior morality worth its higher moral ground. I've found leaving money on the table for the second lot sold of SVM at fifty cents higher than the
first suffices but it really should be a tax deductible giving. Maybe Goldman can bend TurboTax Timmy's ear. A couple extra algorithms of code capturing what was left for the indigent, if they're quick about, at a billion trades/sec could keep track for the tax accountants to report charitable contributions for period.
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- Waliac -- Mikikis (), 14:26:18 11/16/09 Mon
That is a myth of course....
Mozel's Snopes on the case
http://www.snopes.com/critters/wild/frogboil.asp
Last edited by author: Mon November 16, 2009 14:26:29
Edited 1 time.
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- In the ned -- DangerBird, 14:26:04 11/16/09 Mon
It will be all about the metal, not the mining stocks IMHO. I have thought this since I started buying the stuff in 1997. I think what we are seeing is a rush to get the bullion and soon it won't matter because everyone will see that Bernake and Tiny Tim have no clothes (or gold)
I also think the grand collapse will be blamed on gold.
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- Obama in China - -- Hambone, 14:25:42 11/16/09 Mon
while the dollar tanks. Bet the Chinese love that one.
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- RIP -- Mikikis, 14:25:11 11/16/09 Mon
Are you saying that the specs will dump and not come back? Do you see the next 100 bucks as the big top in gold? Seems way too low...not enough money for them to be happy with this IMO. I'd say 1300 minimum.
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- Ghold @ $2012.00 -- skys39, 14:23:57 11/16/09 Mon
= the end of the whirld
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- Mikikis -- WALIAC, 14:23:27 11/16/09 Mon
Yeah, it's the boiling frog thing.
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- Mudturtle - HL+c -- APOLLO, 14:23:21 11/16/09 Mon
if you don't want to see the year-end swoon wash it out a bit, then one might sell in the next five trading days - set a limit at 75 & good chance you hit it before Thanksgiving. I am holding out for 2/15, but nothing wrong with what's in front of us.
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- morbius -- RIP, 14:22:13 11/16/09 Mon
Are you sure $1200 is a magic number?
I'm not.
I doubt they will be too greedy...but if spec money keeps ploughing into the SM.....the funds will be more than friendly to keeping this spec frenzy going.
Someone's gonna be wrong again.
There is no doubt.
Maybe you can tell me why bonds are much higher today....lol
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- Hambone -- Mikikis, 14:20:46 11/16/09 Mon
I live in a country where the currency devalues pretty much every year without much exception. You'd be shocked how quickly apathy kicks in and people don't do anything except have less purchasing power. The inflation concept is built into the social fabric to a certain extent (unfortunately)...so it would really have to tank for people to really get agitated...like 20-30% from here.....
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- I tell you - -- Hambone, 14:19:40 11/16/09 Mon
a lot of the juniors I follow, while up, are nowhere near their yearly highs. Something isn't right. This isn't the speculative blow off top for PM stocks. That tells me we have at least one more correction in order.
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- Hambone - storming -- WALIAC, 14:19:21 11/16/09 Mon
That comes after the little girl is thrown into the pond.
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- Space Shuttle Launch Live Coverage -- LilDevil, 14:18:30 11/16/09 Mon
http://www.nasa.gov/multimedia/nasatv/index.html
http://www.nasa.gov/home/index.html
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- That reminds me -- WALIAC, 14:17:37 11/16/09 Mon
Where are my rose-colored specs?
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- One of these days - -- Hambone, 14:17:34 11/16/09 Mon
it will dawn in the minds of the great unwashed that a collapsing dollar means nothing but a reduction of the standard of living for 99% of the citizens of the US. Now when that reality dawns is a good question. When it does, they'll be storming Frankenstein with torches at the windmill. (You have to have seen the original to get that one)
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- Can't remember the last time sludge was up a full buck -- Mikikis, 14:15:51 11/16/09 Mon
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- Spec driven -- WALIAC, 14:13:33 11/16/09 Mon
Well, it's certainly not borker driven. Those friendly little 'mutual monitors' keep sending out red flags...
* Too much risk
* Too much in metals
* Too much in one sector
I could take them more seriously if their reco didn't include zero pm holdings.
Why wouldn't they at least say 10% when the financial system teeters on collapse?
Having lost all faith in all leadership, I'll stick with the specs.
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- Apollo -- Mikikis, 14:13:18 11/16/09 Mon
Could be. The USDX just accelerated to the downside...so this could get interesting.
Either way I'm not buying here.
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- Come on. -- Hambone, 14:13:10 11/16/09 Mon
Nobody on the board KNOWS what's going to happen, but everyone has an opinion of sorts. So far, mine's been wrong (expected somewhat of a correction before now).
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- Mikikis - that said, the anticipation that the USD is toast -- APOLLO, 14:13:10 11/16/09 Mon
is driving this move & if you look now, 75 isn't looking so good. Philbonds PO resolution on the USD is 71.5 - when we start to approach 72, you can count on a move to the sidelines.
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- @almost as excited as SKYS39 -- fedfighter, 13:26:43 11/16/09 Mon -- skys39, 14:11:37 11/16/09 Mon
yes... but are they up to their neck in pools of drool ?
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- Jeeees... Talk about 'crosses'... -- Glyndwr, 14:11:12 11/16/09 Mon
Indeed going nuts - and EUR just broke the infamous $1.50 again. (Posting from a kitchen work-top, preparing a large curry for a number of guests, perplexed at my 'animation'! Lol) Gon...
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- Gold manipulated higher? -- morbius, 14:11:11 11/16/09 Mon
BULLSHIT.
Anybody want to play the attack@1200?
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- @ SOMEBODY Here Actually Trusts The Crapex Paper Check ... -- MoreGold, 14:09:51 11/16/09 Mon
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- Kitcotodd -- Mikikis, 14:09:26 11/16/09 Mon
You do whatever you want to do.
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- Goro ....not going for the AU breakout -- BUFFORD, 14:09:11 11/16/09 Mon
actucally have a platinum stock down today
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- Mikikis - I fully expect a pull-back tomorrow -- APOLLO, 14:08:44 11/16/09 Mon
I do not think this is a top - we have until Thanksgiving to make further gains. But after that, all bets are off - just too much on the table.
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- Hambone - blow off top -- Mikikis, 14:08:33 11/16/09 Mon
Tough call...would be scared to be the person shorting here though...just keeps on moving up.....
Intuition says to stay out of this though with an additional purchase at these prices...holding what I'm holding...wanted more but will not chase this when it moves like this.....
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- Mikikis - I'm not holding on to anything..... -- Kitcotodd, 14:08:15 11/16/09 Mon
My indicators agree with Apollo that we have another week left. I will likely be off by exact day as well. But I won't post everyday that today is the top.
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- Mikikis.....why do you hate to admit it?.....lol -- RIP, 14:05:26 11/16/09 Mon
The question is at what price, or economic news will the specs turn.
You know they will.
There is not one TBTF TARP funded US bank that could not turn POG in a second.
Ask yerself why they have not.
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- It's a bit odd. -- Hambone, 14:04:48 11/16/09 Mon
The dollar is down, but certainly not crashing. Perhaps tomorrow - at least that's what the market is saying. Either that, or we're blowing off a top.
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- What It Would Take to Get Bearish Gary Shilling to Say, "I'm Dead Wrong" -- Sherlock, 14:03:45 11/16/09 Mon
Last year, in 2008, Gary Shilling of A. Gary Shilling & Co. was as right as anyone could ever hope to be. Just about every one of his (bearish) predictions came true--and he was one of the few forecasters who saw the collapse coming.
This year, Gary has had a rougher go of it. The market tanked in the winter, as he expected, but since then it has gone on a 60+% rocket ride.....http://finance.yahoo.com/techticker/article/373215/What-It-Would-Take-to-Get-Bearish-Gary-Shilling-to-Say,-;_ylt=Aq8KwBePWqWbzoVkWtanEuXlba9_;_ylu=X3oDMTFnYWdjbHNwBHBvcwMxBHNlYwNjb250ZXh0dWFsLXRlY2h0aWNrZXIEc2xrA3doYXRpdHdvdWxkdA--
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- Kitcotodd -- Mikikis, 14:03:06 11/16/09 Mon
Correct, exactly why I think this may be an exhaustion blow off short term top here...the wave was done there IMO....
Anyways, this isn't an exact science as you know. I'm not buying here.....no need to chase gold. If it goes higher here, then great. If it corrects from here...I wait...then I buy.
Either way I do well, and that's what counts...not whether or not my call on a given day was exact. But feel free to hold on to that if you wish....
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- My CAT puts - -- Hambone, 14:02:56 11/16/09 Mon
are absolutely killing me.
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![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
