Jimbo Posted May 20, 2010 Report Share Posted May 20, 2010 "The Market" ...is the dumbest money anywhere on the planet (CNBC, Q.E.D.) Just trade over it, around it and under it for acres of diamonds...pick'em up one by one " The market is like any other sweet smelling corpse It attracts an interesting facinating and almost endless variety of carrion and predators. How do you sterilize quantitative easing - you buy gold. "The market" is just an average - there will be speculators smarter than the market and speculators dumber than the market. If your smarter you make money - if dumber you lose. The markets are like a crime scene because its where victim and perpetrator meet. Link to comment Share on other sites More sharing options...
DrStool Posted May 20, 2010 Report Share Posted May 20, 2010 Link to comment Share on other sites More sharing options...
TenaciousG Posted May 20, 2010 Report Share Posted May 20, 2010 Long bond futures (ZB) going parallel now @ 123'30 Link to comment Share on other sites More sharing options...
cooper77 Posted May 20, 2010 Report Share Posted May 20, 2010 This seems to jive with what dharma is saying: http://jessescrossroadscafe.blogspot.com/2010/05/gold-is-in-classic-cup-and-handle.html Any thoughts about Jesse's analysis? Link to comment Share on other sites More sharing options...
Lemur Posted May 20, 2010 Report Share Posted May 20, 2010 I guess the volatility is needed by the Cartel to shake more money out of cry babies that can't take it... Weak longs -- kill'em Weak shorts -- kick their teeth in Standing stop loss clowns -- run'em down Steel Stomachs and Brass Balls to be rewarded on commensurate basis to risk What happens when you buy/short something and it does not come back. Like the silver traders in 1980 Hedge funds short the Nasquack in 1999/2000? Guys short gold in 2002? Long Enron Long KBH in 2006 Long LEH etc Link to comment Share on other sites More sharing options...
Lemur Posted May 20, 2010 Report Share Posted May 20, 2010 I like eurusd and audusd long here. Link to comment Share on other sites More sharing options...
DrStool Posted May 20, 2010 Report Share Posted May 20, 2010 Link to comment Share on other sites More sharing options...
Lemur Posted May 20, 2010 Report Share Posted May 20, 2010 Still short Amzn from $135. Target $95. Link to comment Share on other sites More sharing options...
DrStool Posted May 20, 2010 Report Share Posted May 20, 2010 Precious Metals Update 5/20/10 Link to comment Share on other sites More sharing options...
phatbubble Posted May 20, 2010 Report Share Posted May 20, 2010 This seems to jive with what dharma is saying: http://jessescrossroadscafe.blogspot.com/2010/05/gold-is-in-classic-cup-and-handle.html Any thoughts about Jesse's analysis? It's not especially fashionable at this particular moment, but I'm with dharma. Greece was just warmup. A global sovereign debt crisis is the Voldemort of this era. It's almost time for the Battle of Hogwarts....at which time capital will flee to wherever it seems safest. JMHO Link to comment Share on other sites More sharing options...
Lemur Posted May 20, 2010 Report Share Posted May 20, 2010 Nice aussie and euro going my way now. Link to comment Share on other sites More sharing options...
rdkyote Posted May 20, 2010 Report Share Posted May 20, 2010 I was wearing my Dow 12,000 party hat and I forgot what I did with my Dow 10,000 one. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted May 20, 2010 Report Share Posted May 20, 2010 Still short Amzn from $135. Target $95. Bravo. Great trading. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted May 20, 2010 Report Share Posted May 20, 2010 Nice aussie and euro going my way now. A move above 1.25 on EUR/USD and we're going to get the mother of all squeezes. Link to comment Share on other sites More sharing options...
Lemur Posted May 20, 2010 Report Share Posted May 20, 2010 Bravo. Great trading. Oh I don't know, I also went short on the pop to $147.30 and then they took me out on the final pop to $151.21. Still at least I got back in on the way down. Link to comment Share on other sites More sharing options...
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