Trading The Forex
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If you dont like Possum how about some tasty beaver lol.
ROASTED BEAVER
Needed are:
One 25 to 30 lb beaver (save the tail for beaver-tail soup)
Two cups flour
One cup bacon drippings
Salt and pepper to taste
3 or 4 bay leaves
3 or 4 medium onions, chopped.
First, scoop up a beaver. Skin it and take it the skin your local trading post. It's as good as cash. After skinning the beaver, remove all fat. Cut into serving size pieces. Soak in salted water overnight. Rinse meat well in cold water and drain. Roll meat in flour. Brown in skillet with bacon drippings and season with salt and pepper. Place in roaster alternately with bay leaves and onions. Add a small amount of water to remaining drippings in skillet and pour over meat. Roast at 350 degrees for 2 and one half hours or until tender. Uncover and brown 15 minutes before serving. Goes great with a California Merlot.
Roadkill Quarterly : Recipes
Aussie building approvals come in at -7.0 worse than the expected .07.
I guess this was the first decline in this data since August 2009.
Aussie retail sales come in at 1.2 better than the expected .5.
I am betting red short AUD/USD at 90.10.
I am think we will see a sell the news type scenario tonight.
Wow my stink bid on cable at 1.4800 got hit.
Took the 50 pips and ran.
No telling where the bottom is on this thing.
Closed my EU short for now.
Apparently there is a rumour circulating tonight that the Eurozone has put together a bail out package for Greece worth about 25 billion euros.
Apparently Germany has agreed to put up about 5 billion euros as part of the package.
Whether or not there is any substance to this remains to be seen but if its true could see a pretty big bounce in the EU.
One mistake I used to make was to over leverage my trades.
This morning I took a short on Eur/Usd at 1.3530 so I am down about 70 pips.
If it hits 1.3620 I will average down and again if it hits 1.3750.
Point being you can almost always trade your way out of a bad trade so long as your patient and you have not over leveraged yourself.
Looks like that last drop in EUR/USD may have been stop loss driven.
Grabbed some at 144.65.
Should not drop much more for now and we should get a decent retrace from this level but all bets are off if 144.00 does not hold.
Take a peek at the weekly chart we might be entering a new long term down trend IMO.
BRYN Scam POS being spammed.
BRYN, The fundamentals of BRYN and GOLD are solid, NOW is the time to
buy before the next leg up
BRYN closed @ .35 on Thursday which was up 16.7% for the day. The stock has
moved in straight line from .029 two weeks ago to .35. Members who followed
our initial alert are up 1106%.
Visit http://www.advfn.com/ct.php?ct=MzIzOTM=
THIS RALLY IN BRYN IS BASED ON SOLID FUNDAMENTALS.
We think BRYN is a triple from these levels. Members could make 200% or
more by buying in now.
The company has an LOI in place to acquire a project which could produce
$33 million in revenue.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=U-pTO653-U:BRYN-20091113&symbol=BRYN&news_region=U
Today they announced an LOI to complete the financing for this deal.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=U-pTO806-U:BRYN-20091119&symbol=BRYN&news_region=U
The rally in gold is of historic proportions. Gold gained again today
despite the USD rising.
http://www.reuters.com/article/usDollarRpt/idUSN1955955320091119?rpc=401
THIS GAIN IN GOLD THIS AFTERNOON IS A REAL EYE OPENER.
Investors are buying gold not just to offset dollar losses but also as an
investment.
THIS SENTIMENT CHANGE ON GOLD IS NEAR THE ALL TIME HIGH IN PRICE OF GOLD.
This confirms to us that gold is going much higher.
The rally in GOLD and BRYN are VERY real.
GET IN THE GAME. BUY BRYN NOW AND PROFIT WHEN THE STOCK TRIPLES.
The chart on BRYN is incredibly bullish. www.stockta.com sees no
resistance. When we get big news on BRYN and the stock will go KABOOM.
Members need to be in BRYN.
This email is sent on behalf of a paying third party.
InvestorsHub is paid only for the transmission of this email and offers no
opinion regarding the company being promoted.
GBOE scam stock getting geared up to sell some more stock.
Put out another BS Pr today about an acquisition that will never happen lol.
RVGD Scam.
Wheels are starting to fall off that pump and dump once again.
LMAO short sellers being blamed for the drop in price.
I think so right now the risk pairs are rallying very nicely.
Dow futures showing a green open right now.
Mixed NFPs - Keep the Risk Trade Capped For Now
Last updated 11/6/2009 9:03 AM EST (GMT -5)
0 Comments - Add your comment
Tags: unemployment, payrolls, eur, usd
Boris Schlossberg
Director of Currency Research, GFTlastchangevolumeLast Updated: 10 min ago
Non Farm Payrolls for October presented a decidedly mixed picture with headline unemployment rate jumping into double digits but the job losses from payrolls dropping bellow the -200K barrier, The unemployment rate reached 10.2% - the highest level in more than 26 years, breaking the psychologically important 10% barrier. However payrolls dipped below -200K to -190K for only the second time in more than a year indicating that layoffs are beginning to plateau. Additionally average hourly earnings increased to 2.4% y/y from 2.2% eyed suggesting that wage deflation has eased.
Despite the fact that the 10.2% unemployment rate may weigh heavy on consumer sentiment ahead of the key Christmas shopping season, capital markets displayed a relatively muted reaction to the data and were more encouraged by the deceleration in job losses rather than the increase in unemployment. Equity futures were off only modestly while risk trades in FX also saw only a moderate retreat. EUR/USD which had traded as high as 1.4900 ahead of the number retraced to 1.4850 in the aftermath the release.
The key question going forward is whether the capital markets will perceive today’s results as a wash out number and will look to the positive rate of change in the payroll data as precursor of better labor conditions to come. If so, equities and risk FX may stabilize as the day progresses and could stage a mild rally to the close. However, today’s NFP report fell far short of an unambiguously bullish result and therefore the risk trade appears to be capped for the time being at 1.5000 EUR/USD until markets see further evidence of recovery in economic activity
http://www.fx360.com/commentary/boris/2267/mixed-nfps--keep-the-risk-trade-capped-for-now.aspx?num=1257516421218
WDAS Scam one last pop before it goes down the tubes lol.
U.S. DOLLAR: FED SETS UP THE NFP
The Feds decision to reaffirm its interest in keeping rates exceptionally low was received well by the currency markets. The dollar was left to face the brunt of the decision, losing out against all majors except for the Japanese yen. The greenback declined the most against the euro in about two months by 1.03 percent, even as stocks posed a late-day retreat. Furthermore, the pound was a big gainer as traders seem to be finding more promise behind the ECB and BoE rate decisions for tomorrow. Each of the commodity dollars took their share from the dollar’s fall. The end of the Fed decision has set up the Non-Farm Payroll report for later this week, which will be a critical factor in keeping the risk trade afloat.
Exceptionally Low Levels
The long anticipated Federal Reserve Meeting has finally come, but produced little in terms of new developments. The big speculation going into the meeting was that the Fed would drop the phrase that indicates that they will keep rates at an “exceptionally low level, for an extended period.” Unfortunately this was not the case, and for the most part, the statement from the November decision was pretty much the carbon copy of the September decision, except for a few subtle changes. The Fed noted that financial market conditions are roughly unchanged, which was pared back from last month when they mentioned that markets had improved further. In addition, the Fed noted that they will only be purchasing $175 billion of agency debt, less than the previously mentioned $200 billion cap. Aside from these slight changes, the Fed’s concerns remain largely the same in that even though spending is improving, it is being constrained by a myriad of factors that include “ongoing job losses, sluggish income growth, lower housing wealth, and tight credit”. In addition, businesses continue to reduce fixed investment and inflation remains subdued due to “substantial resource slack.” The one outstanding factor that was not addressed is what they plan to do now that they have stopped purchasing Treasury securities. Nevertheless, the inclusion of the famous “exceptionally low levels phrase” will probably be a staple of future statements, as its removal would suggest that the Fed would be moving toward a hawkish bias. This is something we will definitely not see until the employment market makes a convincing recovery.
Key Indicators for Non-Farm Payrolls
Today saw the release of three key reports that usually have implications for the health of the critical US Non-Farm Payrolls report. The first, and most important of which, was the Service sector ISM report. As a real shock to markets, the report actually declined despite expectations that the industries would expand further. Even though the figure managed to remain above the 50 expansion level for the second straight month, the real cause for concern was that the employment component slipped 3.2 points to 41.1. This figure is our most trusted leading indicator for jobs and its decline makes it hard to support expectations for employment to show a comeback this month. The Institute for supply Management noted that respondents are in ‘wait and see’ mode, which explains the hiring hesitation. ADP also released its report today which showed a decline of 203,000 private sector jobs. Even though this showed a slight improvement over last month’s dismal 254K decline, it was still below estimates and therefore takes a bite out of NFP optimism. Finally, there was the Challenger Layoffs figure which was the most promising of the bunch, indicating that firings have subsided by 50.7 percent. These indicators are met with a very upbeat Manufacturing ISM that was reported on Monday and showed that its employment index actually improved. In total our indicators were relatively mixed which supports a growing conclusion that the unexpected expansion in third quarter growth was driven by productivity enhancement, not new hiring efforts. In this light, NFP is doomed to shed at least 100K jobs in the month of October.
EUR/USD: WILL THE ECB MAKE A MOVE?
The euro is seen dominating the dollar in today’s session on hopes that the ECB starts to give markets an indication on how and when they will start unwinding unconventional monetary policy. Data from today largely confirmed the general economic improvement as shown in Monday’s Manufacturing PMI. Today’s Euro-zone services purchasing manager index indicated that the sectors activity has expanded at the fastest rate in two years. However, even though Germany’s and France’s indicators remained above the 50-line, neither beat economic estimates. Nevertheless, the picture that has been painted over the last week is indicative of the improvement that might justify the large gains in the euro over the past few months. However, Producer Prices, despite being largely ignored by euro bulls, declined for the ninth consecutive month on a yearly basis. From last month, producer prices fell to -0.4% from 0.5%. The threat of consistently low prices is just one of the issues that the ECB will be considering at tomorrow’s meeting. Even though much of the emphasis for tomorrow’s schedule has shifted to the BoE’s decision, it is important not to count the ECB out. There is a growing possibility that the bank may formally discuss their plans to make an exit from some extraordinary measures like the 12-month loans that provide an unlimited amount of cash to the regions banks. The ECB’s Weber himself pointed out last week that there was the possibility of such a move. However, even though the announcement is expected soon, it is hard to pinpoint when the ECB will actually publicize its conclusions. Despite Weber’s comments, there is still the latest ECB lending survey which pointed out that credit crisis has not yet fully reversed itself. Nevertheless, it will be one thing to keep an eye on. To compound tomorrow’s frenzy, we will also be receiving Euro-zone Retail Sales.
GBP/USD: THE BIG DECISION
Traders are breathing some life back into the pound as the Bank of England’s rate decision quickly approaches for tomorrow. Pound strength may have been founded on two pieces of economic data that, combined with some other indicators, may have the ability to sway tomorrow’s decision. The first of which is Services PMI which reached the highest level since before the credit crisis started. This promising new release follows the very optimistic Manufacturing PMI that was produced on Monday. The second of today’s releases was Nationwide Consumer Confidence which has managed to reach an 18-month high. With house prices climbing, consumer confidence growing, and services and manufacturing improving, it begs the question of whether it will be enough to offset the negative effects of third-quarter GDP. According to current estimates, the answer is probably not. The BoE probably views the 0.4% decline in third quarter growth as the clearest indication that their efforts have not been effective. Expectations are deeply rooted in the BoE tagging on an additional £50 billion to quantitative easing programs. A move of such magnitude would clearly signal that the oldest central bank is behind the curve as most others are contemplating an exit. The last time the bank made an addition to QE was in August, when frenzy erupted on the news that Mervyn King dissented in favoring a larger expansion. In addition to tomorrow’s rate decision, we can also expect Industrial and Manufacturing Production.
AUD/USD: RETAIL SALES HAMMER RATE HIKE EXPECTATIONS
All commodity currencies are experiencing some gains, with the kiwi higher for the third straight day. Australian Retail Sales offered a big disappointment to chances for another consecutive RBA rate hike. Sales actually declined by 0.2 percent, after rising 0.9 percent last month. Indications of a weak consumer have spurred speculation that the RBA will have their hands tied at their next meeting. Markets are producing 50/50 odds that the bank will take rates higher in December. After making the obligatory 25bp hike yesterday, RBA Governor Stevens noted that the combination of several forces, including the significant rallies in the aussie, allows him to more ‘gradually’ take rates higher. This is a bit of a departure from last month’s urgency to take the benchmark off of historical lows. Furthermore, it is important to note that the RBA has never raised rates in three consecutive decisions. Building Permits were also released today and showed a substantial 2.7% climb over last month. However, the cause is predominantly the result of first-time home buyer grants which have boosted housing demand. We will receive both the Trade Balance and RBA’s Monetary Statement for tomorrow. The Bank of Canada’s Deputy Governor John Murray was recently reported as reiterating the fact that rates will remain at their historic lows until the second half of 2010. Murray also reaffirmed the banks discontent with the strengthening loonie. Canada will be producing the Ivey PMI for tomorrow. New Zealand is set to release their employment report for tonight.
USD/JPY: EMERGING MARKETS LIGHTEN RISK LOAD
The yen has weakened against most of its counterparts, with USD/JPY heading higher for the third straight day. Corresponding with the yen’s recent decline has been a steady downward drift in the VIX, an index that has consistently shown a high correlation with yen fluctuations. The Bank of Japan’s Shirakawa recently made comments pointing to the recovery in certain emerging markets as reducing key risks for the Japanese economy. Even though this is a good sign, it should have little to no effect on the bank’s decisions going forward. The big release for tonight is the Minutes from the BoJ’s last meeting. Since the bank recently decided to put an end to both purchases of commercial paper and corporate bonds, it may add emphasis to whether the minutes will reveal any other plans or deliberations that the bank might consider going forward. Other than the minutes, the rest of the week should be fairly quiet of data except for Friday’s Leading Index.
EUR/GBP: Currency in Play for Next 24 Hours
EUR/GBP will be the currency pair in play for tomorrow. We can expect loaded schedules for each country. For the UK, Industrial and Manufacturing Production will be released at 4:30 am ET or 9:30 GMT, followed by the critical BoE Rate Decision at 7:00 am ET or 12:00 GMT. The Euro-zone will provide Retail Sales at 5:00 am ET or 10:00 GMT before the ECB’s Rate Decision at 7:45 or 12:45 GMT.
EUR/GBP remains within the Bollinger band sell zone as uncertainties for tomorrow’s joint central bank meeting has kept the pair relatively unchanged. EUR/GBP is lingering right above a key support level at 0.8905. This happens to be the 50% retracement from the June 22 nd low to the mid-October high. Furthermore, it also has psychological backing as 0.8900 lies right below. On the way up, the pair could face resistance from the 38.2% retracement at 0.9205 from the same retracement. Even though it is uncertain how traders will react to tomorrow’s meetings, we can still expect a large amount of volatility in the pair.
http://www.fx360.com/commentary/kathy/2254/us-dollar-fed-sets-up-the-nfp.aspx
WDAS down again for the eleventh day in a row.
The promoters on that one need to find a new day job LMAO.
TGLN scam stock down another 25%.
Aussie retail sales come out tonight worse than expected and then building approvals came in better than expected. Made for a nice spike though.
WDAS scam down 26%.
POS now down 9 days in a row LMFAO.
TGLN scam now down 27%.
TGLN Scam already down 20%.
CDOI scam that is going down the tubes fast.
TGLN front loaded Scam.
Buy at your own risk
WDAS Scam down 18%. Will drop a lot further before its done.
WDAS 100% SCAM stock put out yet another pump PR this am.
AVEW scam still being diluted.
WDAS scam.
Great post put together by another poster.
Official Guide to the WDAS Scam (Edition #9)
I was trying to keep notes on the cast of players and said to myself, “Reverend Mullet, why not just keep WDAS notes on the WDAS board?” So I did. It’ll change from time to time and any contributions would be welcomed.
WDAS aka World Group Assurance, Inc. Contrary to what the iBox says, this is the company whose stock is being peddled, formerly known as A Alpha Bail Bonds, LLC and prior to that as Assets Realization, Inc. That’s a little confusing because LLC’s can’t sell stock but the LLC financial statements are listed in Pinksheets. WDAS Nevada SOS registration link: https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=D6XRSh80S8uJQ0mnu4F9hA%253d%253d
Anav Holdings Corporation Contrary to what the iBox says, this newly formed company is not publicly traded but it does serve as the operating company according to the press releases. Its registration was in default from July 31st until October 21st when it finally got around to listing its officers for the first time. At least the contracts entered into after the officer listing date will be enforceable. Nevada SOS registration link:
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=kVbcpFxXo5NKtcuxsPlhOQ%253d%253d
Frank B Ficarra This guy holds all the real power as president of WDAS according to the Nevada registration. A Colorado bail bondsman by trade, he has occasionally had difficulty retaining his bail bond license and has encountered a few other legal difficulties from time to time: http://www.dora.state.co.us/INSURANCE/enforcement/2007/O07-014.pdf
Sterling Griffin Griffin, a real estate agent from the Gig Harbor and Tacoma WA area, is the central character in the WDAS saga. At least two and probably all of the real estate deals presented to WDAS are under his control. Griffin has a thing for recruiting NFL players as investors. He went to school in Colorado which is the current best guess for the origin of the Ficarra/WDAS connection. He has also had legal woes involving real estate misrepresentation: http://caselaw.lp.findlaw.com/scripts/getcase.pl?court=wa&vol=2008_app/355051MAJ&invol=4
Student Housing, LLC This is the Griffin brainchild that is going to squeeze a 16 story student dorm in under a 100 foot height restriction with capacity for three times the entire entering freshmen class for the benefit of the UWT commuter campus. The effort is something of an unfriendly takeover of the very small UWT student housing market and there is no coordination with the school. Speculation is that they are bluffing construction in order to induce UWT to buy the property. Sterling Griffin and NFL player Raonall Smith are the registered members according to the state of Washington SOS registration:
http://www.secstate.wa.gov/corps/search_detail.aspx?ubi=602883801
A Tacoma area news site with discussion of Student Housing, LLC that also includes a comment that Sterling Griffin is filing for bankruptcy:
http://www.tacomauntapped.com/2009/03/nfl-player-and-real-estate-agent-buy-uwt-land/
Jonathon B Morgan This guy is listed as the president of WDAS (contrary to the Nevada registration) on the Anav website and press releases and is represented to be a New York licensed realtor with vast and impressive international experience hawking real estate. The only reference to be found on the guy outside of the press releases is an association with EZ Fast Realty, a firm with three sale listings and five rental listings on a borrowed website. It’s the fool’s name that’s usually seen publicly connected to a scam. (Info and link courtesy of SloJab and MarcNYCOTC)
http://www.citywiseny.com/
NFL PA, LLC The press release abbreviated the actual legal name of NFL Storage PA, LLC that is organized in the state of Washington with surprise, surprise, Sterling Griffin listed as a member. Also listed as a member is Withrow Investments, LLC (misspelled Withvow in the registration) that is owned by another NFL player. This project is for the joint development with WDAS of a self-storage facility. Coincidentally, Griffin has been trying to unload a $4 million storage facility for a client since January 2008. The Washington SOS registration for NFL Storage PA, LLC:
http://www.secstate.wa.gov/corps/search_detail.aspx?ubi=602798702
Sustainable Green, Inc Not including the company website and WDAS PR’s, a Google search for this company produced absolutely zero hits as of October 21st. They have presented no evidence of any prior building experience and yet they are going to take on Homex, the major Mexican builder that has vast experience building low cost housing with concrete. That’ll be before taking on Ecuador and the rest of the world. It’s no great surprise that SG is a Seattle based company with ties to Tacoma. Nevada SOS registration link: https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=A90w9VZkf0fjUI6SjsiJAw%253d%253d
Telephone Number (212) 613-6329 This is the main number for the worldwide operations of Anav Holdings Corporation according to the company website. A reverse search finds that the number is actually listed under the name of Metropolitan Doors & Windows appropriately located in Hell’s Kitchen. (Info and link courtesy of wEaReLeGiOn)
http://ny.citysquares.com/manhattan/hells-kitchen/contractors-construction-equipment/construction-supplies-services/metropolitan-doors-windows
WDAS Disclosing Promoters OTCMarketBulls received $100,000 from a third party for thirty days of advertising. Pennystockchaser has been compensated $80,000 from a third party for one month of “profiling”. Tumbleweed received $500 on October 12th from a third party for two weeks of market awareness. http://www.otcmarketbulls.com/disclaimer.php
http://pennystockchaser.com/disclaimer/ (Info and link courtesy of SloJab)
http://investorshub.advfn.com/boards/IRP.aspx?userid=119676
NFL Players Cory Withrow and Raonall Smith It’s a safe bet that their agents don’t know they’re mixed up with this mess.
Corrections and Retractions If you believe that any of the facts presented herein are incorrect, please point them out and we will be happy to make any necessary corrections or retractions. Apologies cost extra.
EXPU scam stock being heavily promoted.
The printing press is rolling LMAO.
Wow looks like the Dow could give back all of yesterdays gains.
Closed my beast short from yesterday at 149.50 for 200 pips and its still dropping lol
HDUP scam stock gearing up for a pump and dump.
WDAS scam stock red 6 days in a row.
Gotta love the attempt to paint it green at the end of the day lol.
Recent Trades - Last 10
Time Ex Price Change Volume
16:00:52 Q 0.52 +0.03 250
15:58:48 Q 0.48 -0.01 15,000
15:53:07 Q 0.48 -0.01 2,600
15:53:06 Q 0.48 -0.01 2,900
15:51:23 Q 0.51 +0.02 500
15:25:39 Q 0.51 +0.02 250
15:25:23 Q 0.51 +0.02 500
15:18:28 Q 0.48 -0.01 3,085
15:11:52 Q 0.49 - 100
15:11:45 Q 0.49 - 10,000
I agree they might go a little higher but I just cant see them getting as high as they were last week before the big drop.
One last sucker rally on the Dow and I think they will drop like stones.
Short the beast at 151.50 and cable at 1.6550.
GBP - GfK Consumer Confidence Survey comes out tomorrow.
WDAS scam stock that is being heavily promoted buyer beware.
BZCN another pump and dump circling the bowl this morning.
WDAS 100% scam imo.
Being pumped and dumped like crazy this morning play at your own risk.
WDAS pump and dump in full swing this morning lol.
WDAS heavy dilution in progress IMO.