potatohead Posted January 9, 2013 Report Share Posted January 9, 2013 The market must be open How do I know? GDX = down BWHAHAHAHAHA about the only thing acting worse than GDX is "BOIL".........any thoughts on natural gas? Link to comment Share on other sites More sharing options...
Dopamine Posted January 9, 2013 Report Share Posted January 9, 2013 I will be looking to short at the close. But I doubt this is the top. If we finish in this anemic manner, will wait for tomorrow morning. If we get another half percent, I am in. Link to comment Share on other sites More sharing options...
Trader Joe Posted January 9, 2013 Report Share Posted January 9, 2013 about the only thing acting worse than GDX is "BOIL".........any thoughts on natural gas? I think nasty is probably farked for awhile Seems as though we got all we need and then some Recent global warming winter weather here on the east coast is going to kill it even deader The minute it gets any legs, someone will be waiting in the wings to "drill baby drill" If 50 degree + temperatures in January in NJ are the result of Global Warming, I say Thank You and bring it on! Link to comment Share on other sites More sharing options...
Chrisrock Posted January 9, 2013 Report Share Posted January 9, 2013 Hello,especially fxfox DAX cant be compared witrh SP500. DAX is total return index. SP500 is price index. DAXK is a price index and is right now above 4000: http://www.bloomberg.com/quote/DAXK:IND SP500 total return (like DAX) is above 2550 http://www.standardandpoors.com/indices/sp-500/en/us/?indexId=spusa-500-usduf--p-us-l-- Now you see that Germany index is not so strong. Keep this diff in mind. cheers Link to comment Share on other sites More sharing options...
DrStool Posted January 9, 2013 Report Share Posted January 9, 2013 I don't know what to say about this $spx chart. A picture is worth a thousand words anyway. Link to comment Share on other sites More sharing options...
K Wave Rider Posted January 9, 2013 Report Share Posted January 9, 2013 Crude showing first hints of rally tiredness...maybe gonna lead down by a day or 2 again? been bangin' away on 200 day back kiss for about a week now... Link to comment Share on other sites More sharing options...
DrStool Posted January 9, 2013 Report Share Posted January 9, 2013 Pretty warm here in Quebec 100 miles north of Montreal too. 30° F. Link to comment Share on other sites More sharing options...
K Wave Rider Posted January 9, 2013 Report Share Posted January 9, 2013 Dr. Copper with morning finga....bullz had better hold right about here, or the good Doctor may lose his footing at the edge of the cliff... Link to comment Share on other sites More sharing options...
juggler Posted January 9, 2013 Report Share Posted January 9, 2013 Hello,especially fxfox DAX cant be compared witrh SP500. DAX is total return index. SP500 is price index. DAXK is a price index and is right now above 4000: http://www.bloomberg.com/quote/DAXK:IND SP500 total return (like DAX) is above 2550 http://www.standardandpoors.com/indices/sp-500/en/us/?indexId=spusa-500-usduf--p-us-l-- Now you see that Germany index is not so strong. Keep this diff in mind. cheers Welcome Chrisrock to the fun-ny farm ... where iam-madness rules and Doc despenses supputories ... :lol: Link to comment Share on other sites More sharing options...
DrStool Posted January 9, 2013 Report Share Posted January 9, 2013 Welcome back Swordfish. Link to comment Share on other sites More sharing options...
Trader Joe Posted January 9, 2013 Report Share Posted January 9, 2013 No love for the Utilities Those stocks aren't the ones that git'er dun for the Fed Move along Link to comment Share on other sites More sharing options...
Trader Joe Posted January 9, 2013 Report Share Posted January 9, 2013 Link to comment Share on other sites More sharing options...
Trader Joe Posted January 9, 2013 Report Share Posted January 9, 2013 An observation __________ http://www.federalreserve.gov/releases/h41/current/ What appears to have happened under the Gold Reserve Act of 1934 is the Treasury seized the Fed’s gold, taking full ownership and claim to its proceeds. The Treasury as an aside transferred a sum of special 1934 series gold certificates to the Fed amounting to the statutory value of gold ($20.67 per ounce) times the quantity of gold transfered from the Fed to the Treasury. The official gold price was later revalued to $35 an ounce, an effective 40.94% devaluation of the currency, and stood at that value until the passing of the Par Value Modification Act of 1972. Under this act, gold was revalued again, this time to $38 an oz, and the Treasury account was credited upwards by $822 million in miscellaneous receipts to reflect the change in the gold price from $35 to $38. The gold was revalued one last time in 1973 to $42.22 and again the Treasury was credited with more additional value to their gold, $1.157 billion to be exact, to account for this. As of today, the Federal Reserve is left with $11.16 billion dollars worth of gold certificates and the Treasury holds 8,133.5 tonnes of gold still valued at $42.22/oz. http://www.goldnews.com/2011/06/02/fed-lawyer-alvarez-the-federal-reserve-does-not-own-any-gold-at-all/ Link to comment Share on other sites More sharing options...
Trader Joe Posted January 9, 2013 Report Share Posted January 9, 2013 Market crashing It's so over Market down = GDX even moar downer Link to comment Share on other sites More sharing options...
Jimi Posted January 9, 2013 Report Share Posted January 9, 2013 Answer: Gold is measured in Troy ounces and 1 Troy ounce equals 1.0971428571 ounces. 1 metric tonne = 32,150.746 Troy ounces. 1 long ton of 2240 lb (UK) ... https://www.google.com/search?q=8135+tons+of+gold+in+ounces&ie=UTF-8&oe=UTF-8&hl=en&client=safari 32,150 x 8,133 x $1,650 = $4.314^11 Is that a lot? Link to comment Share on other sites More sharing options...
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