Hiding Bear Posted September 28, 2004 Report Share Posted September 28, 2004 In other words the Fed is not showing much fear about the GSEs and the economy - yet. Very suspicious. Have they done a deal with the Snowman to devalue the dollah by 20%? That's one way of offsetting the rate hikes. But there will be some 'unintended consequences' ... Good point. China will be participating in the G-7 meeting this weekend. Maybe some arm-twisting to start the Chinese revaluation and US$ devaluation will bear some fruit. My guess is that the first 'phase' of revlauation/devaluation would be for China to announce a new trading "basket" that would commence on a certain date - after the New Year starts. PS shorted 1 emini and reduced longs. Link to comment Share on other sites More sharing options...
machinehead Posted September 28, 2004 Report Share Posted September 28, 2004 HUI gold stocks index at 222 -- high of day -- SCREAMING higher. Gold smells a dollah devaluation. Cash dollah index at 88, close to a major breakdown ... Link to comment Share on other sites More sharing options...
traderfromhell Posted September 28, 2004 Report Share Posted September 28, 2004 HUI gold stocks index at 222 -- high of day -- SCREAMING higher. Gold smells a dollah devaluation. Cash dollah index at 88, close to a major breakdown ... Next stop 240 HUI. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted September 28, 2004 Report Share Posted September 28, 2004 Ahhhhhhhhhhhhhhhhhh! The smell of desperation in the air The all out tick jam just isnt cutting it SOX HGX WEAK Watch the BKX...holding on for dear life Link to comment Share on other sites More sharing options...
machinehead Posted September 28, 2004 Report Share Posted September 28, 2004 Dec. 2004 gold set an intraday high of $414.90 this morning. There's minor resistance at $416.80, an intraday high set in August. Major resistance is around $433 ... beyond that, clear sailing to $500. Metals are doing a classic "breakout dance." Link to comment Share on other sites More sharing options...
Lock Limit Down Posted September 28, 2004 Report Share Posted September 28, 2004 Breaking news FNM Any restatement of earnings will come from SEC "cause we dont have a clue" Who would buy that POS of such news? Link to comment Share on other sites More sharing options...
Lock Limit Down Posted September 28, 2004 Report Share Posted September 28, 2004 RUT looking over the cliff Link to comment Share on other sites More sharing options...
brian4 Posted September 28, 2004 Report Share Posted September 28, 2004 More from the Oil article..." I think you are going to see $60- @ Barrell before you see $40.-."..said T. Boone Pickens, who oversees more than one Billion $ in energy related hedge Funds in Dallas......"This is a market that is tighter than it was at the beginning of the 1973 oil crisis"...said Daniel Yergin, Chairman of Cambridge Energy Associates at a conference in Washington..."there is no margin for error"..."Everyone has to drive and heat their homes but lower income people will feel the most pain from higher gas and Heating Oil prices." said Jason Schenker an Economist at Wachovia Corp Link to comment Share on other sites More sharing options...
zensmoke Posted September 28, 2004 Report Share Posted September 28, 2004 Snap-On Sees Profit Below EstimatesTuesday September 28, 9:28 am ET NEW YORK (Reuters) - Snap-on Inc. (NYSE:SNA - News), which makes vehicle-repair tools, on Tuesday said third-quarter and full-year earnings would fall short of Wall Street estimates due to high steel prices and weak business in Europe. The Kenosha, Wisconsin-based company estimated profit of 37 cents to 40 cents per share for the third quarter, below the average outlook of 47 cents from anal cysts polled by Reuters Estimates. For the year, Snap-on forecast earnings of $1.35 to $1.45 a share. anal cysts on average expect $1.74, according to Reuters Estimates. This was the second time in less than two months that the company lowered its outlook for the year. http://biz.yahoo.com/rb/040928/manufacturi..._outlook_1.html Link to comment Share on other sites More sharing options...
Lock Limit Down Posted September 28, 2004 Report Share Posted September 28, 2004 Campaign manager for power sweating bullets right about now Nothing is working. Link to comment Share on other sites More sharing options...
brian4 Posted September 28, 2004 Report Share Posted September 28, 2004 Opening now till 10 past the hour we should be red by the end of the window! Link to comment Share on other sites More sharing options...
Darkdoc Posted September 28, 2004 Report Share Posted September 28, 2004 More from the Oil article..." I think you are going to see $60- @ Barrell before you see $40.-."..said T. Boone Pickens, who oversees more than one Billion $ in energy related hedge Funds in Dallas......"This is a market that is tighter than it was at the beginning of the 1973 oil crisis"...said Daniel Yergin, Chairman of Cambridge Energy Associates at a conference in Washington..."there is no margin for error"..."Everyone has to drive and heat their homes but lower income people will feel the most pain from higher gas and Heating Oil prices." said Jason Schenker an Economist at Wachovia Corp If true, and it comes about like this, I imagine this disaster causes Bush more problems and general revolt in those who previously supported him than any other issue faced by his administration. Link to comment Share on other sites More sharing options...
depends Posted September 28, 2004 Report Share Posted September 28, 2004 Please stomp your feet. My cake is dropping! Covered some extended gold BGO KRY NEM and PAL here. Am I crazy? Happy with the big gains. i will buy them back - got to to make a market. Link to comment Share on other sites More sharing options...
zensmoke Posted September 28, 2004 Report Share Posted September 28, 2004 The Latest Press ReleaseConsumer Confidence Index Declines in September September 28, 2004 The Conference Board?s Consumer Confidence Index declined again in September, the second consecutive monthly dip. The Index now stands at 96.8 (1985=100), down from 98.7 last month. The Present Situation Index fell to 95.5 from 100.7 in August. The Expectations Index was virtually unchanged at 97.6, compared with 97.3 last month. http://www.conference-board.org/economics/...rConfidence.cfm Link to comment Share on other sites More sharing options...
K Wave Rider Posted September 28, 2004 Report Share Posted September 28, 2004 HGX trying to pull the finger..should be lights out if it takes out yesterday's low Link to comment Share on other sites More sharing options...
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