is... watching & waiting
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Did not plan for this...
Fed To Hold Closed, Unexpected Meeting Under "Expedited Procedures" On Monday To Discuss Rates
http://www.zerohedge.com/news/2016-04-08/fed-hold-unexpected-meeting-under-expedited-procedures-monday-discuss-rates?page=1
Signs of desperation
Helicopter money perhaps? Fingers crossed
GDX clinging to $20.56 - should test $20.40 level if it breaks
Fed's George warns that delays on rate hikes could end badly
EconomyApr 07, 2016 08:17PM ET
By Jason Lange
(Reuters) - The Federal Reserve could stoke financial instability and set the stage for a recession if it waits too long to raise interest rates further, Kansas City Fed President Esther George said on Thursday. George said the Fed was tempting fate by keeping monetary policy exceptionally loose when the job market appears to be near full strength and inflation is picking up.
"I believe monetary policy should respond to these developments by slowly removing accommodation," she said in remarks prepared for delivery at an economic forum in York, Nebraska. George, the lone dissenter at the Fed's March policy meeting, is among the few policymakers at the U.S. central bank who appear ready to raise rates. The consensus at the Fed appears to be to wait until at least June to for another rate hike, after raising rates in December for the first time in nearly a decade, minutes from the March meeting released on Wednesday suggested. George, however, said easy money policies carried risks of fueling asset bubbles.
"Currently, commercial real estate markets, where prices have continued to drift higher, bear watching," she said.
The global economy currently does appear more vulnerable, George said, a view in line with other Fed policymakers. But she said the strength of U.S. consumer spending would likely be strong enough to keep the economy on track. The Fed could counter economic shocks by pausing rate increases or otherwise responding, she said, but keeping easy-money policies in place too long could push central bankers to tighten rates more quickly down the road.
"Historically, rapid increases in interest rates end poorly, resulting in economic recessions," she said.
http://www.investing.com/news/economy-news/fed's-george-warns-that-delays-on-rate-hikes-could-end-badly-394186
Out the rest of mine
GL fellas
Dumping right in front of you ... volume tripled since PR 45 minutes ago
Right on cue
Crude to the rescue
Pull your seat backs up
Probably should've led with - it's gone from .0084 ~> .0045 in the same span of time ... they'll be through Cal's shares soon
Only if you whisper ... 2025's a big deal
Vix cookin with grease, 2033/35 support, surprised to see the tutes continuing an afternoon sell off ... been awhile
And quietly USD is unch
Volume since Cal's exit announced: 38,348,842 (9 sessions)
Volume for all of February: 15,759,083
In lockstep with Oil, kicker is USD relatively flat ... all of the joy from yesterday's production numbers faded quickly
Help Janet - we're on the brink of panic out here
Added here - letting it ride until the Fed meets
Vix is having a morning
I'll take bloody sessions for 300 please Alex
It's worse - gl today
Back in $2.97, will add $2.8's
GDX finding $20.38 support, also recent downtrend line at $20.20 possible bounce, gold failing at 1238 [stop me if you've heard this before], USD strengthening into jobless claims at 8:30
Good trading today fellas
Got your $2.96's sarge... Gold having a morning but didn't breach 1238, USD kinda choppy not doing much
Hope granny janny provides the entry of a lifetime, she'll be followed by Esther George at 8:15pm who could provide a sound session for the USD overnight into tomorrow - she's the only one who voted for a hike in March if memory serves me
It's mind-boggling half of online forums recognize that and they don't.
Well, uh, we just, we don't want to raise rates, um, right now, because, well, the market just too dang volatile ...
Hello .... You're causing it!!
Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, James Bullard, Stanley Fischer, Loretta J. Mester, Jerome H. Powell, Eric Rosengren, and Daniel K. Tarullo.
Voting against this action: Esther L. George.
Ms. George dissented because she believed that a 25 basis point increase in the target range for the federal funds rate was warranted at this meeting. Although risks to the global economy had increased in recent months and financial markets were unusually volatile at times, she believed that monetary policy should focus primarily on progress toward the Committee's longer-run objectives.
http://www.federalreserve.gov/monetarypolicy/fomcminutes20160316.htm
How dare her...
$0.25 will prove a ceiling near-term ... warrants are a double-edge sword, initially a catalyst, long-term headwind - PPS rises above exercise price and holders can execute/sell at an immediate profit
Entity Name: ORCHID ENTERTAINMENT GROUP, INC.
Date Filed: 05/22/2006
Status: DISSOLVED
Jurisdiction: CALIFORNIA
Agent for Service of Process: TOM KIM
Agent Address: 1118 S SANTA FE AVE
Agent City, State, Zip: LOS ANGELES CA 90021
GDX would need to see $21, Gold 1260 ... both seem unlikely in the next five sessions
Pretty sure FB County is a DBA, it's Frisco County Inc.
http://www.manta.com/c/mm04426/frisco-county
Or...
CK West Motoring
CK West Inc
Orchid Entertainment Group, Inc.
http://www.veromi.net/summary.asp?from=kwVX00000000&vw=people&fn=Tom&ln=Kim&city=Santa%20Monica&state=CA
The LA Cash & Carry on Santa Fe ave is new [February '16], ironic they're an "Importer & General Merchandise Wholesaller", but Tom still owns the land:
http://www.arivify.com/property/search/ZB09LpvxQ
Eco Calendar still forecasts 3.15M build ... what's the purpose of API numbers? Cleveland Fed President at 12:20 on deck - this oughta be fun
+11bcf Gecko forecast for tomorrow ... rig declines aren't cutting it
The usual excuse for their being late filing ...
http://www.otcmarkets.com/financialReportViewer?symbol=NGCG&id=152209
Annual report: 4/14 - one day before taxes
Smh they'll pull the rug every headline ... $33 a share to $0.30, 200 million daily vol, day-traders dream ... if only you could hold it for more than an hour ... comfortably
You can't have a buy without a sell
LOD close may get retail's attention
$20.3/$20.4 tough nut to crack, if they hadn't ran it so hard I'd consider some N for story-telling time with Yellen ... if she uses 'caution' 26 times instead of 27 USD may stand a chance
Another 516,300 on the ask
Lol hard to be profitable, and sleep, in this market.. I ended up sitting on my hands with gold churning sideways - thought we'd see 1225 by now, but I do like this chart...
http://www.investing.com/analysis/gold,-apr.05,2016-200124011
525,300 on the ask ... resume celebration
Lol gold's relatively muted it's all GDX churning here around the $20 mark, USD beginning to retreat could yield another push to 1237
Confused candle there, retrace to VWAP $19.82 ... or just break out already
Sub $3.2 could be safe
Re-entering if she gives up another dime
2nd 5 min candle completely outside upper bolly, looks like $20 may cap GDX for the day, pull back to $19.76 consolidate upper 19's or retrace back to $19.6/.5's again
Battle at 2050 ... just waiting for them to cue the zombies and climb towards unch all afternoon personally