Bastiat Posted October 28, 2004 Report Share Posted October 28, 2004 The US IOU has been pretty good so far in sticking to the channel. From the latest Clive Maund at 321 gold. Clive Maund Link to comment Share on other sites More sharing options...
RockLedge Posted October 28, 2004 Report Share Posted October 28, 2004 Mark Haines said: Oil fell yesterday on word that the supply of heating oil was higher than expected..."but don't worry, it will be lower than expected at some point in the future." Obviously these guys know the real deal, and are so embarrrassed they need to resort to telling the truth every once in a while just to remain sane. T. Bone Pickens was on Squawk this morning. He said: "This noise about the Saudia and the Iranians wanting a lower oil price is just ridiculous. They're in the oil business. The world is more than half way through the hydrocarbon era and oil production is in decline while demand is rising. We simply aren't in a position to produce enough oil to keep up with this level of demand. Price is the only thing that can curtail demand." One thing Mr. Pickens would never mention: Thank god we have Canada! Mr. Pickens,.. we are the pigs, not the Middle East. Link to comment Share on other sites More sharing options...
Hiding Bear Posted October 28, 2004 Author Report Share Posted October 28, 2004 The US IOU has been pretty good so far in sticking to the channel. From the latest Clive Maund at 321 gold. Clive Maund At first glance, I don't see how the Chinese raising rates will help the US$, unless it follows that the US will raise rates to compete with them. However at this moment no Fed member or economist is looking at the steady deterioration in the money supply, which is an important indicator of where the economy is going. And it's going down, and higher rates will make it go down faster. Link to comment Share on other sites More sharing options...
Guest Posted October 28, 2004 Report Share Posted October 28, 2004 T. Bone Pickens was on Squawk this morning. He said: "This noise about the Saudia and the Iranians wanting a lower oil price is just ridiculous. They're in the oil business. The world is more than half way through the hydrocarbon era and oil production is in decline while demand is rising. We simply aren't in a position to produce enough oil to keep up with this level of demand. Price is the only thing that can curtail demand." Yes, Saudi Arabia and Iran are in the oil business. But unlike the U.S. and Canada, they have very few other natural resources. Saudi, being mostly desert, has only limited agriculture, no forests, so much of their food and lumber must be imported. In that regard, Iran is in better shape. Saudi's also import a large labor force. Consider that when the Saudi's can no longer pump oil, they will have literally no income to sustain their people and not much else that I can see to replace it. Even now, their need for de-salinized water (intensive energy input) is great. I would think they would want to keep oil flowing as long as possible and at the highest prices they can get. I see serious problems in that nation's future. Link to comment Share on other sites More sharing options...
Guest Posted October 28, 2004 Report Share Posted October 28, 2004 jobless claims jumped. All with a purpose, Doc! Here comes the Ten Year Yield reversal to sub 4% and the jammoramma on the housing sector. Laughable. Link to comment Share on other sites More sharing options...
Ned38 Posted October 28, 2004 Report Share Posted October 28, 2004 Always seems like they jamm the markets before bad news. So this 2 day jam must mean it's real bad news Link to comment Share on other sites More sharing options...
flockofsheeples Posted October 28, 2004 Report Share Posted October 28, 2004 Here comes the Ten Year Yield reversal to sub 4% did I blink and miss it? Link to comment Share on other sites More sharing options...
Guest Posted October 28, 2004 Report Share Posted October 28, 2004 Here comes the Ten Year Yield reversal to sub 4% did I blink and miss it? It hasn't happened yet...just predicting a reaction to the jobs data. In recent months, higher unemployment numbers = lower Ten Year Yield Link to comment Share on other sites More sharing options...
PeakOil Posted October 28, 2004 Report Share Posted October 28, 2004 Currency traders are not fooled. Dollah Dead Cat Bounce. EUR/USD Spot 1.2757 Link to comment Share on other sites More sharing options...
brian4 Posted October 28, 2004 Report Share Posted October 28, 2004 Good Morning Crew-..The Chinese rate hike is the first turn of the "thumb-screw"...what you gonna do, when they come for you. Window 5 minutes in till half past the hour and yippers we are going down...Helmets on, Lock n Load! Link to comment Share on other sites More sharing options...
dozer Posted October 28, 2004 Report Share Posted October 28, 2004 Always seems like they jamm the markets before bad news. So this 2 day jam must mean it's real bad news mornin Ned, stoolies. yah, must be bad....POG just leaped 3 bucks in 10 min... Link to comment Share on other sites More sharing options...
Bastiat Posted October 28, 2004 Report Share Posted October 28, 2004 Notice that price movements in currencies, precious metals and the stock market are becoming more volatile? That usually precedes something significant, although not always. http://www.kitco.com/images/live/gold.gif Link to comment Share on other sites More sharing options...
machinehead Posted October 28, 2004 Report Share Posted October 28, 2004 Nice, "textbook" new moon / eclipse reversal. This is the way it's "supposed" to work. The Chinese rate hike while the moon mottled orange was icing on the cake. If yuan deposits pay higher yields now, that can't be good for the dollah. Link to comment Share on other sites More sharing options...
soup Posted October 28, 2004 Report Share Posted October 28, 2004 still have two days of tape painting from the boyz in boston Link to comment Share on other sites More sharing options...
RockLedge Posted October 28, 2004 Report Share Posted October 28, 2004 "This isn't a blame game," Snipes told The Miami Herald. "What we're concentrating on is getting the ballots to the voter." She was named to the job by Gov. Jeb Bush after the 2000 elections supervisor quit during the bitter presidential vote recount and her replacement was suspended for bungling. Fla. County to Replace Absentee Ballots Bush said Kerry was a candidate who "jumps to conclusions without knowing the facts." First U.S. Unit at Iraq Site Did Not Hunt Explosives And what would be the facts Mr President? Link to comment Share on other sites More sharing options...
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