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In JNUG @ $5.73
I know. But....
I had to explain to Karen this morning how I lost three grand overnight.
The good news is 1/3 of it is already back. (g)
Thought I could trade while at work yesterday
Opened a big position in JDST. 10 minutes later, a tornado touched down in the county and crossed over I-75.
Being a Paramedic, that trashed my day. I spent until midnight saving lives and cutting people out from under trees that fell on houses and cars. That plus the number of wrecks on the interstate where the drivers seem to think that they can still drive 80+ MPH no matter what the weather is doing. It is amazing what a 2 foot diameter pine tree lying across the highway does to a SUV that hits it at 80 mph.
We even had a State Trooper trapped between two trees that fell on either side of his car while on his way to an accident scene.
"We know you are a member of the team but, if you aren't hurt, read a book or something until we can get away from the really hurt people and get to you."
Lesson learned: Don't trade at work and don't trade leveraged ETFs unless you can watch them every minute.
In JDST @ $21
Also look in your AV to see if
It is not allowing you to go to that site.
Quick check is to turn it off and see if you can hit the site.
Don't forget to turn it back on.
Banks cut lending on gold as prices fall
Nupur Anand & Abhijit Lele | Mumbai November 17, 2014 Last Updated at 00:50 IST
Banks have swung into action as gold prices continue to slide. Reduced loan-to-value ratio (LTV), cautious lending, and a close monitoring of the gold loan portfolio have prompted them to hedge their loan books against the reduction in prices.
The yellow metal has lost 14.5 per cent in the past year and fallen to Rs 26,660 for 10 gm from Rs 31,190 for 10 gm a year ago. In the past six months, the speed of slide has increased, with gold losing 10 per cent.
To safeguard themselves, lenders have reduced the LTV (the part that can be given as loan) on gold. For instance, Federal Bank was earlier financing up to 70-75 per cent of LTV on gold ornaments, and has reduced it to around 60 per cent for a one-year tenure.
"We are also looking at starting short-tenure loans of up to a month, three months, etc. For such loans, we will be ready to provide higher finance. But for a loan of one year, we are now looking at an LTV of 60 per cent or so compared to the 70 per cent or so we were lending earlier. The prices have become very volatile," said A Surendran, general manager and head (retail business) at Federal Bank.
Lenders have also started monitoring their gold loan portfolio more cautiously, as risk rises with a fluctuating prices.
According to a senior Indian Bank official, the sharp fall in gold prices increases the risk for existing gold loan portfolios. Therefore, the bank is marking the portfolio to market (revaluing an asset at current prices) daily. With the fall in prices, the eligible amount for loan is also coming down. So for existing loans, borrowers are being asked to bring in additional collateral or prepay for amount, which is in excess of the eligible sum. The bank has kept the loan to value ratio and risk margin intact as the daily mark to market exercise captures the pricing trends, said the executive.
With the drop in gold prices, the customers have also become reluctant to lend by pledging their gold ornaments, says another banker. As a result of the falling prices, for the same amount of gold, a customer would be eligible for a lesser amount of loan now compared with last year.
Gold prices are likely to be under pressure for some more time and, as a result, banks continue to grow their portfolio with more caution.
"With favourable conditions for an appreciating dollar, and given the strong correlation between gold and the dollar, we would not be surprised if the price of gold dropped below $1,100 per ounce during the first half of 2015," says a report from Natixis Commodities Research.
Currently, gold is around $1,189 an ounce.
http://www.business-standard.com/article/finance/banks-cut-lending-on-gold-as-prices-fall-114111700031_1.html
If I had any money....
I wouyld buy JDST here for a day trade.
Treasuries Fall as U.S. Retail Sales Increase More Than Forecast
By Susanne Walker and Daniel Kruger Nov 14, 2014 9:12 AM ET - Comments
Treasuries fell, led by five-year (USGG5YR) notes, as a report showed retail sales rose more than forecast last month, adding to speculation an improving U.S. economy will position the Federal Reserve to raise interest rates next year.
Yields on five-year securities, more sensitive to Fed monetary policy than longer-term peers, reached the highest level in a week. Benchmark U.S. 10-year yields headed for a weekly increase. The Fed on Nov. 19 will release minutes of its October meeting, when policy makers concluded a bond-purchase stimulus program.
“It does show consumer spending heading into the holidays off to a good start,” said Tyler Tucci, a U.S. government-bond strategist at Royal Bank of Scotland Group Plc’s RBS Securities unit in Stamford, Connecticut, one of 22 primary dealers that trade with the Fed. “That could be a healthy boost to fourth-quarter GDP, which could help the Fed-hike story.”
Five-year note yields advanced four basis points, or 0.04 percentage point, to 1.66 percent at 9:10 a.m. New York time, according to Bloomberg Bond Trader data. They touched 1.67 percent, the highest since Nov. 7.
The benchmark U.S. 10-year note yield increased two basis points to 2.36 percent. It has added seven basis points on the week.
The Fed has maintained its benchmark interest-rate target at virtually zero since 2008 to support the economy.
Retail sales increased 0.3 percent after a 0.3 percent drop in September, the Commerce Department reported today in Washington. The median forecast in a Bloomberg survey of 86 economists projected a 0.2 percent advance. Eleven of 13 major categories showed gains, indicating broad-based growth.
To contact the reporters on this story: Susanne Walker in New York at swalker33@bloomberg.net; Daniel Kruger in New York at dkruger1@bloomberg.net
To contact the editors responsible for this story: Dave Liedtka at dliedtka@bloomberg.net Greg Storey, Paul Cox
Thank you Ameritrade
For not clearing money from yesterday's sale.
I would have been in JDST @ $28.50 this morning and been getting my _ss handed to me for a hat. (g)
Dollar making new highs again
http://www.marketwatch.com/investing/index/dxy/charts
Gold Demand in China Slumps 37% Amid Drive to Root Out Graft
Bloomberg
By Glenys Sim - Nov 13, 2014
Gold demand in China shrank for a third quarter as slumping prices failed to boost the purchases of bars, coins and jewelry in the world’s biggest user and officials pressed on with a nationwide anti-graft campaign.
Buying by Asia’s largest economy tumbled 37 percent to 182.7 metric tons in the three months to September from the same period in 2013 as last year’s price-driven surge in demand wasn’t repeated, the World Gold Council said in a report today. India was the only Asian economy tracked by the producer-funded group that bought more bullion than China as usage across the biggest consuming region contracted 15 percent to 473.4 tons.
An anti-graft drive in China this year hurt demand for luxury goods including bullion, while volatility that sank to a four-year low damped interest in the metal as an alternative investment. Banks including Goldman Sachs Group Inc. expect prices to extend losses, in part as the buying frenzy that accompanied gold’s drop into a bear market in April 2013 hasn’t been sustained. China surpassed India as the world’s largest gold user last year as prices retreated 28 percent.
“The scale of 2013’s exceptional buying continued to overshadow the market,” the London-based council said in the quarterly report that surveys global demand patterns. “The quiet environment provided China’s notoriously price-savvy investors with a further reason to stay out of the market.”
Spot gold lost 3.4 percent this year to $1,161.14 an ounce at 8:03 p.m. in Shanghai, after dropping to $1,132.16 on Nov. 7, the lowest since April 2010. Prices fell 9 percent in the three months through September, the first quarterly drop in 2014, compared with a 7.7 percent gain a year earlier.
‘Catch Its Breath’
Jewelry consumption in China fell 39 percent to 147.1 tons in the quarter, while demand for bars and coins slid 30 percent to 35.6 tons, the council said. Usage in the nine months to September was 638.4 tons, according to Bloomberg calculations based on figures in quarterly WGC reports in May, August and today. Last year, mainland demand was a record 1,275.1 tons, according to the council at a briefing in Shanghai today.
“China’s jewelry market continued to normalize following last year’s rapid expansion,” the council said. “Chinese investment demand this year has paused to catch its breath. Fourth-quarter bar and coin demand is shaping up to be much the same -- steady, but unremarkable.”
Buying in Indonesia, Southeast Asia’s largest economy, plunged 45 percent in the period as the Presidential election in July created a degree of political instability, according to the council. Japan’s bullion purchases fell 45 percent as a new sales tax damped demand, while consumption in Thailand fell 42 percent amid the unstable political climate, it said.
Bullion will extend losses as the U.S. economy recovers and the dollar strengthens on prospects for higher interest rates, according to Goldman, which has predicted that bullion may end this year at $1,050. The chances are increasing that the metal will slip to $1,000, according to Societe Generale SA.
To contact the reporter on this story: Glenys Sim in Singapore at gsim4@bloomberg.net
To contact the editors responsible for this story: James Poole at jpoole4@bloomberg.net Jake Lloyd-Smith, Ovais Subhani http://www.bloomberg.com/news/print/2014-11-13/gold-demand-in-china-slumps-37-amid-campaign-to-root-out-graft.html
Out @ $25.77
Got things to do and need to leave early.
Out of JDST @ $25.77
+3 bucker
Gold bounces around here. Then $1100.00
Next Stop From here is $1100 gold
On the off chance.......
http://www.wikihow.com/Block-a-Website-in-Internet-Explorer-7
If I advised you to play Russian Roulette
With 4 bullets in the gun, would you do it?
Reload a good AV NOW!
Never run naked in the brier patch.
In JDST @ $22.77
In JDST @ $22.77
Clear your Cache and try again.
Does she actually believe she can make fraudulent
Statements like that and get away with it?
Used to be that the media would take it hook, line and sinker. Too many people and scientists are now demanding proof.
Do a system restore to the day before the update.
FORBES ASIA 11/12/2014 @ 11:41AM 199,848 views
Obama In China: Taking Candy From A Baby
Comment Now Follow Comments
Chinese leader Xi Jinping knows something Barack Obama doesn’t: America is finished. The U.S. economy is an ocean liner holed below the waterline. In the stateroom, the band plays on – but, on the bridge, the outcome is clear.
With the arguable exception of the late-era Soviet Union, America is sinking faster than any Great Power in history.
As a proportion of national output, America’s foreign debts are already larger than those of any Great Power since the rotten-to-the-core Ottoman a century ago. For those who need reminding, the Ottoman Empire, which had flourished for more than six centuries, was then within a decade of final collapse.
Because every dollar of current-account deficit (the current account is the largest and most meaningful measure of trade) represents an extra dollar that has to be funded from abroad, America’s foreign indebtedness is now accumulating at a rate of more than $1 billion a day.
There is no way America can export itself back to national solvency. As Xi Jiping knows only too well, this is a matter of technology. As soon as American corporations come up with a more efficient new production technology, they ship it to China or elsewhere overseas where it will boost the productivity of foreign workers. Any corporation that wants to sell in China must not only manufacture there but bring its best technology. Then it is expected to export back to the United States. All this means that the American economy has passed the tipping point. It is now simply too hollowed out to make a recovery. Even apparently solid U.S. manufacturers like Boeing BA +0.41%, Caterpillar CAT +0.45%, and Corning Glass have long since sourced many of their most advanced components and materials from Japan, Korea, Germany, and other manufacturing-focused nations. (For a closer look at Boeing, click here and here. Much of Boeing’s most valuable technology has long since been transferred to East Asia, not least its avionics and its incomparable wing technology.)
In proceeding full steam ahead towards national bankruptcy, the United States is world history’s ultimate example of the triumph of ideology over commonsense. Beginning in the Eisenhower era, succeeding Washington administrations have bet the farm on ever-freer trade. Supposedly this would strengthen American economic leadership. To say the least, the powers that be in Tokyo, Seoul, and Taipei, as well as in Bonn, Frankfurt, and West Berlin, discreetly laughed at such epochal naïveté.
No nation has understood the stupidity of America’s trade policy more clearly than post-Mao China. On the one hand, American leaders have thrown the U.S. market wide open to Chinese exports. On the other, they have ignored Beijing’s in-your-face blocking of virtually all advanced American exports to China. The United States has been by far the most serious victim of Chinese protectionism.
English: President Barack Obama tours the Grea...
Barack Obama meets the Great Wall of Chinese protectionism. (Photo credit: Wikipedia)
As Chinese leaders know better than anyone, the ultimate issue is American corruption. Washington is actually far more corrupt than Beijing. If you want to get something done in Washington, you do what you do in Jakarta: just slip some money to the right people. The point was made as far back as a generation ago by the prominent Japanese commentator and author Shintaro Ishihara. From an East Asian point of view, the United States is already, in its political dynamics, a Third World country.
Even South Korea, with just one-seventh of America’s population, is a bigger exporter to China than the United States. On a per-capita basis, South Korea’s China exports are eight times larger than America’s. Korea’s exports moreover consist almost entirely of leading First World goods such as highly miniaturized electronic components, whereas the main things America sells to China are Third World-ish items such as iron ore, coal, and wheat.
This is not to suggest that American brands are absent from China. Actually they are everywhere. But virtually all American-brand goods sold in China are made there — using American production knowhow that, in some cases, has taken the American nation generations to build up. In an egregious sell-out of the American national interest, U.S. corporations now almost reflexively comply with China’s technology demands. Unlike their peers in places like Korea, Japan, Germany, and Taiwan, they have not had much choice: whereas other nations’ governments stand behind their corporations and work hard to stem the leakage abroad of key production technologies, Washington lets the “wisdom” of the market prevail.
As the New York Times has pointed out, a current example concerns Intel and Qualcomm, which have very similar technologies that China is angling to acquire. From Beijing’s point of view, it is taking candy from a baby. The two American companies can be pitted against one another in the certainty that one or other will soon cave. It is the group versus the individual and in a well-organized groupist society, the group always prevails.
There is a one-way valve here. Key production technologies leak out of the United States: they don’t leak in. Other nations have industrial policies to make sure that their most productive technologies stay at home. By contrast in a latter-day America, corporations have no national loyalty and they have every reason to transfer their technologies abroad. That way they can aim to earn brownie points with foreign governments, not least the communist regime in Beijing. Their executives also max out their stock options.
Eamonn Fingleton is the author of In Praise of Hard Industries: Why Manufacturing, Not the Information Economy, Is the Key To Future Prosperity (Boston: Houghton Mifflin, 1999).
Bruce A Thompson Member Level Wednesday, 11/12/14 03:49:24 PM
Re: lee kramer post# 1010
Post # of 1013
Out of JDST @ $25.31
+$.32 on 1/2. + $2.38 on the other 1/2
Out of JDST @ $25.31
+$.32 on 1/2. + $2.38 on the other 1/2
Green for me again.
Saw off my legs and call me Shorty! I'm green again.
Not really a discussion of any meaning
FHFA does not care one whit about what the shareholders need or want.
I promise you they are not even thinking about a RS. Much less discussing it.
This whole conversation is just a waste of time and an inroad for the shorts.
Sweating bullets now. (g)
In JDST twice @ $24.99 & $22.93
2nd serving of JDST @ $22.93
In JDST @ $24.60 in Pre-market
Depends on the reason for the split.
Mostly shorts say things like that so they can scare the mooches into selling and help tank the share price.
I predict that, now that you have brought it up and hammered it ad nauseum, the shorts will take the subject up for you and run with it.
The RS did NOT hurt AIG.
Buy @ 10,000 @ $2.18 = $21,800.00
Released and stock goes to $43 with the warrants issued = $430,000.00
1/4 reverse leaves 2500 shares @ $172 = $430,000.00
Math talks and BS walks.
Out of JDST @ $27.10 in PM