is...Pushing
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You don't think they'll run it up before the offering?
I'm with you! What's your thought on PGRX?
Lots of phones will be ringing in the a.m.
CME hikes Gold & Silver margins by approximately 18.5% ^CT
Selling stocks to pay for gold margin calls
That was a great alert Dav! Wish I got in.
For sure.
Margin increases should be coming soon to reduce volatility.
Good morning!!
Gold: WOW.
GOLD already down -4.52% $1433.70 last
China Q1 GDP 7.7%, Exp. 8.0%
4/15/2013 POMO: $4.75 - $5.75 billion
The amount of gold Cyprus has is merely 10.36 metric tons. Not enough to dent the gold market. Plus, the word has been out since Wednesday.
There was a report out last week stating that holders were taking physical possession of their gold. Comex reserves were down significantly... The timing smells.
Here is a recent article regarding gold default in another region:
Largest Dutch bank defaults on physical gold deliveries to customers
http://www.examiner.com/article/largest-dutch-bank-defaults-on-physical-gold-deliveries-to-customers
Algos ran it down and triggered stop losses. Crooks. Gold didn't sell off when Cyprus was on the verge of collapse, and its going to sell off now? Please. Criminals.
wow! nice. You see PCLN? Sheesh, the 730 calls went from .15 and is currently at 13!!
Did it really hit .07?
BAA - $1.26 : book value 2.10
Have fun Z!
J.C. Penney is seeking to raise $1 billion in cash. http://on.wsj.com/ZcJay6
Time for the ramp!! Hee haw!!
$AMZN cuts price on $BBRY Z10 to $99
Top of the morning to ya Bob!
massive change in AAII sentiment numbers: Bulls to 19.31% from 35.49%, Bears to 54.48% from 28.17%, neutral 26.21% from 36.34%
Pier 1 Imports (PIR) slip 3.9% in premarket trading after the company issues disappointing guidance. For FY14, the forecast from the retailer is for comparable store sales growth in the mid single-digit range and EPS of $1.26-$1.31 vs. $1.38 consensus.
Acadia Pharmaceuticals (ACAD) soars 51% after saying that the results of a Phase III trial of its Pimavanserin drug, plus other data, are enough for the company to file an application for FDA approval. Acadia will not now conduct a confirmatory phase III trial that was due to start this month.
$MSFT cut to sell at Goldman Sachs
Chancellor Merkel says Germany feels obligated to save the Euro, says Europe can't be a constant irritation for the rest of the world.
EU Head Dijsselbloem Expects No Euro Zone Recovery Until End Of 2013
Good morning Davy Dav! I'm not trying to scare you or anything, but your message came up as 666 on my inbox...
Cyprus bailout swells to $30 billion
BRUSSELS (AP) -- A draft document by Cyprus' international creditors shows the island nation will have to take on the lion's share of the measures needed to avoid the nation's bankruptcy.
The draft document, obtained by The Associated Press Thursday, says the restructuring imposed on Cyprus' financial system, including heavy losses on large bank deposits, additional taxes, privatizations and a part-sale of the central bank's gold reserves are expected to net 13 billion euros ($17 billion).
The country's international creditors — the European Commission, the European Central Bank and the International Monetary Fund — are set to grant the Mediterranean island nation a 10 billion euros ($13 billion) rescue loan package. Cyprus — a member of the 17-nation eurozone — was initially expected to contribute only 7 billion euros to the bailout package.
http://finance.yahoo.com/news/cyprus-bailout-swells-30-billion-100927545.html?l=1
Tomorrow is 6 years, 6 months and 6 days after the last all-time high in the S&P 500
Japanese Money Flooding European Bond Markets
The mystery, at least in my mind, of the rising Euro is now clear. Outflows of Japanese institutional money is pouring into the European bond markets in search of higher yield.
Consider the following - the yield on a 10 year Japanese government bond has fallen to 0.525%. Yes, that is not a typographical error. If you buy one of those things, you are locking money up in an IOU for TEN YEARS to obtain a half a percentage point of interest. If that is not bad enough, the underlying currency is also freefalling in value. Now, who in the world would want to do that besides the monetary authorities in Japan who are becoming and likely are going to end up staying that way, as the largest, if not sole buyer of Japanese government debt?
Believe it or not, with all the massive problems in Spain and Italy, the yield on the Spanish 10 year bond has now fallen to its LOWEST level in a year. Italian bond yields are down to 4.36%! Dow Jones is reporting that last Friday and this Monday, the yield on the 10 year notes of France, the Netherlands, Austria and Belgium hit RECORD LOWS! This is Japanese money fleeing into European bonds.
Now here is what is even more mind boggling - the Bank of Japan's own data shows that Japanese institutions hold a gargantuan $6.34 TRILLION of domestic government bonds! This is not a tide of money, it is a tsunami looking for yield!
Bubble in the US stock market? Yes, in my opinion but the bubble is going to get even bigger. Heaven help everyone of us on the planet when this man-made disaster finally reaches its crescendo!
UNLEASH THE KRAKEN.... here it comes..... where is Perseus going to come from?
http://traderdannorcini.blogspot.ca/2013/04/japanese-money-flooding-european-bond.html
No POMO tomorrow
Kyle Bass: I'd Much Rather Own #Gold Than Paper via @BloombergTV http://bloom.bg/Xq4Iql
Light POMO day today: $1.25 - $1.75 billion
$GOLD $RGLD trapped some bears pretty badly last week...these will continue to squeeze shorts for a while
GDX: next resis 36