Guest Posted January 23, 2003 Report Share Posted January 23, 2003 Mark, Would you suggest covering at the open or wait for the wacky hour to run a bit? See if it levels off. TIA Link to comment Share on other sites More sharing options...
Hypertiger Posted January 23, 2003 Report Share Posted January 23, 2003 The Red areas are 200 billion dollar slot machine cranks and as you can see each 200 Billion crank has provided less enjoyment. The last one at the top was blown in Record time... Time to remortgage the house of cards with a drop in interest rates or touch the "Event Horizion" checkmate is fast approaching... Thursday the new numbers are in and I suspect they won't be pretty, refill the prescription for the nitro pills... Gold? Just a reminder, For the first time since 1949 the citizens of the PEOPLES REPUBLIC OF CHINA have been allowed to buy and own physical GOLD... and I'm sure they don't know much about TA or the difference between bulls or bears... they just watch the price... "We should support whatever the enemy opposes and oppose whatever the enemy supports" -Chairman Mao 1939 Could be a gold rush... Gold is a weapon of mass destruction against Fiat systems. They need a real miracle or an big event very soon... like tomorrow and the next day and the day after that... trade safe. Link to comment Share on other sites More sharing options...
brian4 Posted January 23, 2003 Report Share Posted January 23, 2003 Mark, Mark Mark- The Spx futures as we speak are barely one point over fair value, the Dow futures are down 13 points-yes the Nazquack futures are 9 above fair value at the mo but that can disappear in a heartbeat- Spoos and Dow set the tone and they aren't in rally mode. The Spoos just broke the neckline of the holy mother of all H & S formations at the close which has been in place for two years-in the A.M> it climbs back over it or it's lights out! Trade Safe! Link to comment Share on other sites More sharing options...
speculator Posted January 23, 2003 Report Share Posted January 23, 2003 I started a little experiment to measure the relative performence of the Rydex and ProFund 200% short funds. All the trade dates are the same and we have had a few ups and downs during this period so differences in slippage should show up. Link to comment Share on other sites More sharing options...
The End Posted January 23, 2003 Report Share Posted January 23, 2003 slight change in position. Doo-lar cost averaged in one more feb. call. What ever rally we get should be weak and short then down some more into the end of Jan. :wink2: Link to comment Share on other sites More sharing options...
brian4 Posted January 23, 2003 Report Share Posted January 23, 2003 Phat-Wazzup with our Good Buddy ROG??? Link to comment Share on other sites More sharing options...
Ned38 Posted January 23, 2003 Report Share Posted January 23, 2003 http://www.wwfn.com/sample/oscharts.html Overseas markets not impressed Link to comment Share on other sites More sharing options...
wndysrf Posted January 23, 2003 Author Report Share Posted January 23, 2003 Gold nearing $363. When is this rocketship going to drop?? Unbelievable. Link to comment Share on other sites More sharing options...
EasyAl Posted January 23, 2003 Report Share Posted January 23, 2003 Gold nearing $363. When is this rocketship going to drop?? Unbelievable. Looks like commercial shorts are getting squeezed hard by Asians, especially Chinese, when these exporters decide to replace some of their surplus dollar with gold. Link to comment Share on other sites More sharing options...
Tig 'Ol Bitties Posted January 23, 2003 Report Share Posted January 23, 2003 This is rather disheartening... XXXXX DRUDGE REPORT XXXXX WED JAN 22, 2003 15:02:37 ET XXXXX PHOTO-OP COVER-UP: BOXES READ 'MADE IN CHINA' NOT 'MADE IN USA' When President Bush gave a speech touting tax breaks for small businesses today, he stood against what appeared to be a backdrop of cardboard boxes stamped ?MADE IN U.S.A.? But the boxes in the south St. Louis warehouse had actually been painted on a large screen behind the president. The real boxes in the warehouse were stamped ?Made in China,? although someone tried to obscure the stamps by plastering over them with blank white labels. BOXES READ 'MADE IN CHINA' NOT 'MADE IN USA' Link to comment Share on other sites More sharing options...
Hypertiger Posted January 23, 2003 Report Share Posted January 23, 2003 When China allowed their citizens to buy gold they basically doubled the physical market demand... Link to comment Share on other sites More sharing options...
Guest alex Posted January 23, 2003 Report Share Posted January 23, 2003 Gold rocketing, USD tanking, markets floundering ... if you ask me, foreign money is slowly but surely deserting the sinking ship. EU is making eyes on diverting foreign money inflows with hints of neutrality in the war. Hyper: it's a week til Lunar New Year, maybe this year they're exchanging Pandas instead of mooncakes. B4: where do you trade the gold futures contracts (on-line trading service)? Have you ever used GCI? TIA. Link to comment Share on other sites More sharing options...
Guest Posted January 23, 2003 Report Share Posted January 23, 2003 Mark, Mark Mark- The Spx futures as we speak are barely one point over fair value, the Dow futures are down 13 points-yes the Nazquack futures are 9 above fair value at the mo but that can disappear in a heartbeat- Spoos and Dow set the tone and they aren't in rally mode. The Spoos just broke the neckline of the holy mother of all H & S formations at the close which has been in place for two years-in the A.M> it climbs back over it or it's lights out! Trade Safe! Have to go with you on this one. Whatever happens tomorrow am, we're still going down before close. Nothing has changed. Link to comment Share on other sites More sharing options...
3Martinis Posted January 23, 2003 Report Share Posted January 23, 2003 Talks are well underway, spearheaded by Malaysia, to introduce the gold dinar as a mechanism for settling trade accounts among islamic nations. Also rumours and sabre rattling about demanding gold as payment for oil. The silver bullet for the US dollar-reserve-currency-werewolf is gold returning as money, not a commodity. Don't think for a second that the US key weaknesses, dollar and economy, aren't front and center in the east. I suspect there is a strange new form of multi-headed warfare coming our way. Guns and bullets are soooo 20th century. My half sodden understanding anyway.... *hic* Link to comment Share on other sites More sharing options...
Guest Posted January 23, 2003 Report Share Posted January 23, 2003 Seeing the Naz Fucts down 15 so soon after the close had me a bit wacked but, B4 you do have a point. The diff between that and fair value as well as the Jokes' Fucts actually being red does seem to indicate a mellower pop than it first seemed, at least at this time. The morning will tell the tale. I have plenty of room to wait it out and probably will just stay pat. Link to comment Share on other sites More sharing options...
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