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Very interesting...cut my teeth in commodity trading for the first few years.
Kept a fairly light ledger going into this morning.
FCX Strangle 20.50 WC/19 WP for .16
DUST 14 WC for .15
IBB 305 WP
FFIV WC (Dead)
I'll be picking up some scalp positions after the open.
GL today
The market is jaded right now....there is not a person on earth who can front run tomorrow's move aside from ECB member housewives. You could be a genius be EOD tomorrow.
I took the Feb Calls, little time to see this shake out.
Nice call here. Looking forward to open action
IV should be stripped out by 10am tomorrow
Sent
In Jan 15 16.50 WC @ .10 for lotto
In NUGT weeklies now....likely sell shortly after bell and reassess once the SNB news shakes out
133% on weekly calls in 48 hours
Might take some weekly puts in the AM depending on PM action
Not bad, I can agree with the generalities. Everything I see says lower into mid year. Should be a very fun year to be in metals, miners and trip lev etfs. Good luck in the New Year.
Saw that....lose HFT guy almost lost his job. Programmer of that algo might want to add a 0 or 1 somewhere
Have list of miners, ETFs (silver and gold) and of course physical dealers I'm prepared to load up on at 1100 all the way down to 900 if it extends that far. Orders in for the miners and etfs.....prepared to hold/trade on the way up over the next 7 years. Once 2015 rolls around, after Q1 I believe this will make many many people wealth/wealthier with an opportunity that comes once or twice in a lifetime. Good luck everyone.
October 190/180 bear put spreads for $0.59 each in SPY
Pumping the same stock since you bought in and were touting the stock to go parabolic (I believe that was around .10+ over a year ago) is sophomoric. I take one look at your posting history and it says it all. You are either a paid promoter (I'm guessing those stock options aren't worth the monthly subscription on Ihub anymore) or you put every dime you had in this POS falling knife, in which case I feel just a tad bit sorry for you. Either way, this is not the choice bone to pick on a metals board. Sub penny land rarely gets anywhere.....much less hold water as a basis for giving "the business" to anyone serious about making money in this sector. Stop Spanky....just stop
I'm familiar. Thanks for sharing
Just Google it.
Here is the link to Rule 575 to eliminate "Disruptive Practices Prohibited"
http://www.cftc.gov/filings/orgrules/rule082814cmedcm001.pdf
Algos are no longer allowed to openly manipulate and rig the market on the CME as of today now that "disruptive market practices" are banned.
Let's see where this rabbit hole goes from here.
Doubt it will do much to deter the practices, wrist slaps don't do much to deter the fed. What this does do is open the door for the first time ever to some form of "recourse" moving forward. The costs will slowly but surely be appropriated accordingly over time. My personal opinion of this move is the recent emergence of a new gold exchange and increased sovereign chatter of alternative exchanges allowing truncated risks in settlements (ie. avoiding USD settlements, hence US market intervention). This is an opinion of course, but if it simply coincidence, it is one hell of a well timed one. COMEX can't touch what doesn't pass through their exchange. Time for some checks and balances is my assumption.
Doubt it will do much to deter the practices, wrist slaps don't do much to deter the fed. What this does do is open the door for the first time ever to some form of "recourse" moving forward. The costs will slowly but surely be appropriated accordingly over time. My personal opinion of this move is the recent emergence of a new gold exchange and increased sovereign chatter of alternative exchanges allowing truncated risks in settlements (ie. avoiding USD settlements, hence US market intervention). This is an opinion of course, but if it simply coincidence, it is one hell of a well timed one. COMEX can't touch what doesn't pass through their exchange. Time for some checks and balances is my assumption.
These Kinds Of Market-Rigging "Practices" Will No Longer Be Allowed On The CME
"Among other disruptive practices, Rule 575 prohibits certain of the disruptive practices added to Section 4c(a) of the Commodity Exchange Act (“Act”) as subparagraph (5) by Section 747 of thee Dodd-Frank Act. Specifically, Rule 575 prohibits the type of activity identified by the Commission as “spoofing,” “quote stuffing practices” and the disorderly execution of transactions during the closing period."
http://www.zerohedge.com/news/2014-09-08/these-kinds-market-rigging-practices-will-no-longer-be-allowed-cme
Good luck
"Chinese don't have the billions to naked short gold everyday."
You're right, they have $3 Trillion in reserves, along with the second largest holding of US debt in the world, second to the US itself. Not to mention they will likely surpass the US as the largest world economy by end of Q3 in terms of GDP.
TUT=Institution
The AH trade is VWAP. Generally settlement of TUT trades during regular hours which occurred in dark pools. Not irregular.
"Channel stuffing"
Is it really getting better based on car sales?? Incomes are going up right? Or.....is it just people maxing out credit and going more in debt? I think the later. Massive debt with less wages in a time of massive inflation does not a "better" make. It's worse.
Consumers Max Out Their Credit Cards In Month When Personal Savings Tumble
http://www.zerohedge.com/news/2014-02-07/consumers-max-out-their-credit-cards-month-when-personal-savings-tumble
94% Of March Consumer Credit Was For Student And Car Loans
http://www.zerohedge.com/news/2014-05-07/94-march-consumer-credit-was-student-and-car-loans
GM Sales Soar In May On Easy Credit As 74 More Deaths Revealed Due To Faulty GM Switches
http://online.wsj.com/article/PR-CO-20140602-904875.html
Consumer Credit Has Fifth Biggest Monthly Jump In History; Revolving Credit Soars By Most Since November 2007
http://www.zerohedge.com/news/2014-06-06/consumer-credit-has-fifth-biggest-monthly-jump-history-revolving-credit-soars-most-n
"My Credit Score Is Terrible...I'm Surprised They'd Give Me So Much [Credit]"
http://online.wsj.com/articles/credit-card-lenders-pursue-riskier-borrowers-1403807505
and just out an hour ago......
Consumer Credit in the US rises on demand for car and Student Loans
http://www.bloomberg.com/news/2014-08-07/consumer-credit-in-u-s-rises-on-demand-for-car-student-loans.html
Is there a better ticker on Ihub for gold that I don't know about?
Currently using GC\Q14 but it's acting strange, at leas to. The iPad.
Indian Temple Deposits Record 1,800 Kilos In Gold "Offerings"
http://www.zerohedge.com/news/2014-08-05/inflation-adjusted-bond-prices-tell-different-story-relative-value
I think Buffets father was the smarter of the two, at least realized that Gold is the only currency (yes it is, and possibly the only true currency according to China, Germany, half the known world and even the fine gentlemen guarding Ft Knox) which has been fought over since the beginning of recorded history, and the only currency which can never be worth 0. Fiat is a synthetic instrument created by synthesized organizations to print influence and leverage....not "currency."
5.50 puts......looking good so far.
Perhaps, but a change of guard on reserve status takes years, several years generally. This is not a long term prediction, more intermediate. At longest I would say through mid to late 2015.
Post proof or don't post. No pumping and no baseless info please.
Crap shoot at this point. Trading at this point until a direction comes.
I don't believe that will be the case. With weakness in the Euro and central banking problems in the eastern countries (worse than our current situation), I believe we see a flight to both the USD and Gold (I believe Oil and Nat Gas will join the run as well). It doesn't happen often, however it has happened in the past a few times when both the dollar and Gold run hand in hand. The fundamental dynamics as well as technicals are aligning along with geopolitics to produce such a market again. We shall see.
How would you know this?
Yes sir....basis of $31 looking nice here
Probably should have waited til Weds. But a good company regardless.