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choad
just looking to lock in some higher rates on some savings I have. Bond yields for the last few years have been worthless
d
It looks like NEM could go to 37 to me to complete a big ABC correction. I think that would put gold around 350
Enough analysts thinking the dollar has to get turned back at 92 that I think it probably wont happen that way.
Hopefully rates go a lot higher so the dollar gets stronger before eventually tanking.
s.
Further evidence of a bubble of yr 2000 proportions.
D
I think Japan's "terror" was more related to a collapse of the U.S. stock and bond markets. The knuckleheads are the only ones buying this shiat and if they ever lose control of the dollar and gold they are in deep gumpshi. So Friday was a kamakazi attack on dollar shorts.
d.
Keep in mind some of these mining companies are rolling in profits. NEM earnings tripled year over in the last quarter. GSS earnings were up 350%.
Someone is buying the stuff and at these prices these cos. are raking it in.
d.
This version pretty much interprets it as a green light to continue to bring the dollar down.
http://story.news.yahoo.com/news?tmpl=story&cid=530&ncid=530&e=1&u=/ap/20040207/ap_o...
The currencies closed so strong on Friday and did not waver in electronic trading after the pits closed. Gold was equally strong. These guys obviously know the outcome of these things before they get together on the big yachts having caviar and champagne...
d
The G7 meeting this weekend and gold going up were not a coincidence imo. The fat cats have been working over all the specs in gold and shaking out all the shares so they could collect them prior to the meeting.
There probably has already been a consensus that the price of gold has to go up to compensate the central banks of Europe and Great Britain. Not sure how it all works but considering the sudden turn of events on Friday, I doubt it was someone taking a big bet ahead of the G7 meeting.
d.
GE was not positive at any time on Friday.
I shorted it just on the relative weakness.
d.
Long Nat gas futures just based on the number of shorts in it.
Its going up no matter what the bogus government reports are imo.
d.
Do you mean Feb contract going to delivery or are there options expiring?
thx
d
VIX did not make a new low, with indicies at highs here
fwiw
d.
Trying to short SNDK 62.7 <eom>
Amazing how NAZ futures are up even with SNDK stuff going on.
Something is rotten in Denmark as they say.
d.
Next stop 58.60 imo hope that holds
The best plan on this stock is to stay away unless you have a postion you need to get out of imo.
Margin calls
d
Yeah but its dropping kind of fast dont you think to bounce?
Doesnt look real good to me. I can see that thing in the 40s very quickly. Its starting the C leg of an abc correction or a 3rd leg down either one not good.
good luck though
d.
If it breaks 62 then its look out below imo. Major fib at 62.
Falling knife catching 101
d.
Only problem with these "sales" like in SNDK is you have a bunch of people on margin and you have no idea how many and how low it can go before they are relieved of their margin call.
This whole market is propped up on margin, thats why the downside will be so ugly when it does come
D.
Ominous set of dojis on the indicies and the ten year note. Quite a line up <ng>
It appears Japanese are financing everything from natural gas to bonds. Hope they dont run out of money....
d.
One big flaw in the guys thinking is that for some reason he assumes that the dollar can only move .90 from its 200 dma yet on the upside gold can move 1.2 above it.
The chart clearly shows the dollar is headed down towards a double bottom breakdown to put it more the 10% below its 200dma. The biggest warning here imo is anything in US $ demoninated assets. The bottom can easily fall out of the dollar here imo. Gold will do just fine until its shown that there is support for the dollar and at the moment the evidence is strongly contrary to that.
s.
Nice hanging men on the SP and Dow...
d.
They used the old derivative trick to tuck crude back in today.
Pay me now or pay me later. We are in a big heap o trouble when all this derivative stuff unwinds.
d.
Crude breaking out! Nat gas not far behind
Woa, greenspan bubble stoppers really working! ROFL
d.
Goldman will get killed from gold derivatives.
And yes I am taking it personal, but it works for me.
LOL
Because the earnings are all based on sitting on their ass trading derivatives and worthless paper around imo.
Theres nothing real about what these guys do, they produce nothing. jmho
d.
Fish in a barrel shorts imo
GDW, LEN, PHM, CFC, NCEN, JPM, GS, MER, FRE, STU
d.
Bribery arrests tied to IBM made in Korea
http://cbs.marketwatch.com/news/story.asp?guid=%7BF3EF4EA6%2D0D6D%2D48CB%2D98F0%2D733A9738B615%7D&am...
The big question this morning is will the futures ramp last:
a. 30 minutes after the open
b. 5 minutes after open
c. reverse and go negative before the open
Whatever derivative programs are holding the market up here everyday, lets hope they hold up because this is one scary arse market imo.
d.
Is it just me or are we having a few too many earthquakes lately?
http://earthquake.usgs.gov/recenteqsww/
And now this
http://www.chron.com/cs/CDA/ssistory.mpl/space/2335356
Evidently a meteorite also hit a town in Iran. Hopefully this isnt the end of the world, I was hoping to get a few good ski days in this year <ng>
d.
Thx basserdan and fed for the links. <eom>
Fed
Could you please re-post the web site that shows the repos outstanding in graph format. thx in advance
d.
If nat gas closes above 9.80 I have next projection (fib) to 12.80
I think 12.80 is very possible if indeed it turns out production is not able to be increased significantly from current levels (Hubberts peak)
I think nanotech companies were also hot at the end of the previous bubble - 2000 top <ng>
Maybe this time something can come out, theres definitely potential.
<China's number one problem is corruption>
Same deal here in the U.S., except here we dont do anything about it.
d.
I also think we will have "gap and crap" on Monday. Gap limit down and then bleed from there.
d.
<sums up the seriousness of their potential water problems>.
We have the same problem here in the US but still in denial stage. Many food producing areas are dry and have been for several years.
d.
It should reduce the volatility by bringing the bigger trades forward. Easy to lose your butt trading commodities in the first place due to the leverage. Combined with thin trading and extra volatility it can be loads of fun.
I would rather take a fill after the big guys as a trade off. Probably getting closer to the "true price" at the time I purchase anyway, based on volume.
d.
Thought some more about that Liffe Connect system and the more I like it. It could really eliminate a lot of monkey business that goes on with the commodities trades. Forcing the big trades to come to the top will actually help us little guys not get taken advangtage of (as much)
This could be really good. Probably the pit traders want to retire and trade electronically so they're just now getting around to straigtening this out >g<
Cant wait until gold goes to electronic trading
d
Egyptian Charter Jet Crashes Into Red Sea
Email this Story
Jan 3, 2:56 AM (ET)
By MOHAMED KHALIFA
CAIRO, Egypt (AP) - A charter airliner with 141 people aboard - mostly French tourists - crashed into the Red Sea shortly after takeoff on Saturday from the resort of Sharm el-Sheikh, officials said. No survivors were reported.
The Boeing 737 jet took off shortly before 5 a.m. (10 p.m. EST Friday) and quickly disappeared from radar about seven miles south of the airport, said airport officials using customary anonymity.
No distress signal was detected, according to officials at Egypt's Ministry of Civil Aviation.
The crash occurred amid a week of heightened concerns about terrorist threats from the air that have led to increased security and canceled flights around the world.
But an initial statement from aviation ministry ruled out terrorism, calling the crash an "accident" that may have been caused by a mechanical problem. The ministry said no one was believed to have survived.
Officials said 135 passengers and six crew members were aboard the jet operated by the private Egyptian company Air Flash en route to Cairo - 129 of them French and six Egyptians.
Rescue teams rushed to the scene and found the wreckage of the jet close to the coast. They were attempting to find survivors or bodies, according to an official quoted by the Egyptian news agency MENA.
Engineers from the national carrier Egyptair rushed in to try to help determine what happened. Officials at Air Flash could not immediately be reached for comment.
The weather was clear in Sharm el-Sheikh and other flights were taking off without incident, officials said.
Sharm el-Sheik is a popular Red Sea tourist resort that also frequently hosts major political and economic summits. Egypt has held several meetings on Middle East peace there, including one in which President Bush met with regional leaders in June over the "road map" plan toward creating a Palestinian state.
Local news media reported Saturday that vacationing British Prime Minister Tony Blair was to meet there later in the day with Egyptian President Hosni Mubarak.
Thx for the info.
Wheat ripped today! Yeahaw
<G>
d.