Trader Joe Posted September 19, 2008 Report Share Posted September 19, 2008 Trader Joe would just like to send a "shout-out" to all those folks that were kind enough to buy those Sep 34 UNG puts from me over the past few weeks..... Better luck next time suckers! Link to comment Share on other sites More sharing options...
Slappy Posted September 19, 2008 Report Share Posted September 19, 2008 Check out the stop run on TRE at 15:58 691011[/snapback] Incredible, check out the volume bar.... Link to comment Share on other sites More sharing options...
T_Slim Posted September 19, 2008 Report Share Posted September 19, 2008 So how soon will the 10 year yield hit 5%? 1 or 2.5 weeks? Link to comment Share on other sites More sharing options...
TURK Posted September 19, 2008 Report Share Posted September 19, 2008 Hammerin? Hank and Helo Ben are living up to their names this week for sure. Hank for much longer, but he learned the smiley-face media game quickly after some initial arrogance in first round of interviews. It?s just a p/r smiley face though, he is the Hammer. He hammered Barney and the CONgressional leadership into giving him a blank check to deal with Foney&Fraudie, scaring them with the alternative (something about if they set a limit number of $$ available, people would game the system to get there). This morning he did another scare-sales job in TV interviews, threatening the Congress and the citizenry with their futures, and their kids futures, which would be far worse and more expensive if they didn?t give him a ?couple of hundred billion?, which means at least $1 Trillion, probably. A trillion here, a trillion there, and pretty soon ?.. The Big Scare seems to be the main ?negotiation? tactic of the Hammer, and the whole neoCON experiment in totalitarian rule for that matter. Up until a few weeks back, a recession was only a ?remote possibility?. This week, we face Armageddon if we don?t do what the Hammer recommends. Up till now, Ben has been more aptly Lysol Ben, for sterilizing every big cash infusion, however narrow and targeted the slosh. But I think I see a propeller forming over his bald head. He clearly seems to have begun monetizing dead-duck toxic waste from every quarter. If he intends on buying up the lot, that?s gonna run into the tens-of-trillions, at least, I would think. But for meddling with forces much larger than your imagination or power, Chris Cox gets the golden stool award this week. The blow back of unintended CONsequences that is gonna be created from the overt attempt to set market prices by changing the rules of trade every friggin? week, will be a milestone in blunders. What an invigorating and exhausting and infuriating week this has been. A moment of silence, as Jim Grant asked at the end of an interview on bloombox, for the death of capitalism. I would only change it by saying the death of the fa?ade of capitalism. Never have so few stolen so much from so many. 691003[/snapback] Awesome rant Link to comment Share on other sites More sharing options...
Jorma Posted September 19, 2008 Report Share Posted September 19, 2008 There is no next. They're all in. This is it. It either works or game over. Timing is still an issue however. They need to get that trillion dollars off the books of the pigmen and the banks yesterday. Into the hands of the money market funds right now. Assuming they can pull it off, what ever 'it' is, then it's all in, unless there is a final step of simply having the Fed monetize. No, monetizing would be all out. If all turns out as planned then in a few years Bank America and Goldman paper will be the worlds benchmark and the Treasury, and congress, will be asking their permission to do anything, or some such..... Link to comment Share on other sites More sharing options...
fxfox Posted September 19, 2008 Report Share Posted September 19, 2008 That was a day at the bank, my goodness! Again mega volume in FX. many banks have problems with their electronic systems at the moment (CLS, Condor and so on) guess it is because what we are seeing right now is a real time stress test for those systems. During times like these we best do one thing: We step back and rethink. What they do with this "package" is obvious: They KILL the USD. Yes it is that easy. You have to think easy, not complicated. They print more, so the Dollar devalues. Also: With that package they dont reduce the risk appetite of the banks, because greedy banks get saved, so the not so greedy ones got the middle finger. The not so greedy ones will because of that become greedy ones too. The most greed we have in the USA, so that aint good for the Dollar too, becasue there will be not much confidence from outside the US. I say: we will see EUR/USD at 2.00 before the decade ends. Link to comment Share on other sites More sharing options...
Slappy Posted September 19, 2008 Report Share Posted September 19, 2008 This one's interesting, volume without the stop run.. Link to comment Share on other sites More sharing options...
Slappy Posted September 19, 2008 Report Share Posted September 19, 2008 Same hot and fast action from Gigi... *( sorry there, they just don't make fast loading 'Gigi' girl pics like they used too....) Goldcorp as well... Link to comment Share on other sites More sharing options...
jickiss Posted September 19, 2008 Report Share Posted September 19, 2008 jickiss is back! jickiss is back! and, like in the days of old, first the money moves, Then, Something Happens..... but, no matter. it is now very clear to your jickiss that nothing can stop gold from this point forward. why? da boyz bot every share that they could steal from them that were on margin since the top at 1033. da Boyz want gold to go up now. da boyz ran them stops at the close on certain jrs, and now da Boyz be dong. ding-dong, the Witch that Wacked Gold has flown away, flying on a jet powered Witch Broom, on the sound of a mighty rushing wind generated by a Trillion Watt diffusion of doolars that will roar through the canyons of world finance..... here below is the "Double Gold is Perfect" chart, DGP. remember the mantra: free leverage, no worries about the miners managements and the possible impact of the soon to be Earl Price Rise, driven by a Trillion of doolars, and 1,000 shares hardly costs much money, either.... DGP. Please, please, and PLEASE think weekly on this item, as the great Gann adivsed. "First, think weekly." Be right, sit tight. Stop trading and let the tide of liquidity make coin for your future on DGP. HOLD FAST to DGP. First stop will be around 38 for this item. 38 is the first place to even think about grabbing a capital gain. jickiss!!!!!!! Link to comment Share on other sites More sharing options...
T_Slim Posted September 19, 2008 Report Share Posted September 19, 2008 That was a day at the bank, my goodness! Again mega volume in FX. many banks have problems with their electronic systems at the moment (CLS, Condor and so on) guess it is because what we are seeing right now is a real time stress test for those systems. During times like these we best do one thing: We step back and rethink. What they do with this "package" is obvious: They KILL the USD. Yes it is that easy. You have to think easy, not complicated. They print more, so the Dollar devalues. Also: With that package they dont reduce the risk appetite of the banks, because greedy banks get saved, so the not so greedy ones got the middle finger. The not so greedy ones will because of that become greedy ones too. The most greed we have in the USA, so that aint good for the Dollar too, becasue there will be not much confidence from outside the US. I say: we will see EUR/USD at 2.00 before the decade ends. 691020[/snapback] It's funny that you mention this, because it looks like the pound and euro are ready to explode to the upside next week. Both look ripe for longs . . . and dollar swissie is a screaming short (dojis on the daily and weekly charts) maybe I'll post some charts over the weekend. Thanks for the insight FX. Link to comment Share on other sites More sharing options...
4shzl Posted September 19, 2008 Report Share Posted September 19, 2008 So how soon will the 10 year yield hit 5%? 1 or 2.5 weeks? 691014[/snapback] Sounds about right. No big deal -- in fact, a change for the better. Where have super-low interest rates gotten us thusfar? The difference between 5.75% and 6.75% mortgage is trivial. PUH-Leeze! Get with the program: higher rates are Good for 'Merica, and good for you. Savers unite! Demand higher rates today! Talking my book, of course. Link to comment Share on other sites More sharing options...
Lemur Posted September 19, 2008 Report Share Posted September 19, 2008 Jickliss, I picked up some of this puppy today. Thanks for the tip. But looking at their profile. Are you happy with their structure? It looks like a derivative play. Certainly no where near as solid as the hard stuff held at goldmoney.com. 'The investment seeks to replicate, net of expenses, twice the daily performance of the Deutsche Bank Liquid Commodity index - Optimum Yield Gold Excess Return. The index is intended to reflect changes in the market value of certain gold futures contracts and is comprised of a single unfunded gold futures contract.' jickiss is back!jickiss is back! and, like in the days of old, first the money moves, Then, Something Happens..... but, no matter. it is now very clear to your jickiss that nothing can stop gold from this point forward. why? da boyz bot every share that they could steal from them that were on margin since the top at 1033. da Boyz want gold to go up now. da boyz ran them stops at the close on certain jrs, and now da Boyz be dong. ding-dong, the Witch that Wacked Gold has flown away, flying on a jet powered Witch Broom, on the sound of a mighty rushing wind generated by a Trillion Watt diffusion of doolars that will roar through the canyons of world finance..... here below is the "Double Gold is Perfect" chart, DGP. remember the mantra: free leverage, no worries about the miners managements and the possible impact of the soon to be Earl Price Rise, driven by a Trillion of doolars, and 1,000 shares hardly costs much money, either.... DGP. Please, please, and PLEASE think weekly on this item, as the great Gann adivsed. "First, think weekly." Be right, sit tight. Stop trading and let the tide of liquidity make coin for your future on DGP. HOLD FAST to DGP. First stop will be around 38 for this item. 38 is the first place to even think about grabbing a capital gain. jickiss!!!!!!! 691024[/snapback] Link to comment Share on other sites More sharing options...
T_Slim Posted September 19, 2008 Report Share Posted September 19, 2008 Last time I checked the 10 year yield it was 3. 76 and went again for a final look just now saw 3.81 on Gloomberg. Yikes. This is going to end so so badly. Link to comment Share on other sites More sharing options...
fxfox Posted September 19, 2008 Report Share Posted September 19, 2008 Dow daily see, thats why i like TA. The lower channel line was hit almost by the pip. That we got a 1000 points move in just 2 trading days is another story, but that a very high level of caution was required around the lower channel line is nothing special. Now i would like to see a move to a bit above 12000, that should be a nice short entry then. Link to comment Share on other sites More sharing options...
prancing_cow Posted September 19, 2008 Report Share Posted September 19, 2008 Dow daily see, thats why i like TA. The lower channel line was hit almost by the pip. That we got a 1000 points move in just 2 trading days is another story, but that a very high level of caution was required around the lower channel line is nothing special. Now i would like to see a move to a bit above 12000, that should be a nice short entry then. 691030[/snapback] only if it is still legal to short. Link to comment Share on other sites More sharing options...
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