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IDS World Markets 27th February 08


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I hate to say it but short term top may be near......

 

 

*DJ Central Fund Prices 4.3M Shr Offer At $13.20/Class A Shr

 

NAV is 12.05 welcome to the hose job......This is why I do not like this fund.... the buyers at this level are paying a huge premium.... and the existing shares are being diluted... Their is a commission that is paid to the investment bank from this offering, that is where the dilution comes in.

 

I am a big advocate of owning the physical..

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New all time low for Bucky. It has support from a falling TL about 74.2, and that's it for a few buckys. Bucky needs to make a bottom pronto or it's started a new leg down. I'll include the weekly and monthly for those who weren't on m2m last nite.

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For those of you who do not subscribe to the Professional Edition, WHY THE HELL NOT??? Doc has made about 10 recommendations since Feb. 11th in the PRecious metals stocks. They are ALL green. The top 5 percentage gainers are up:

25.5%

17.8%

12.5%

11.6%

10.5%

 

You could have paid for years worth of subscription fees with these picks alone!

Good job Doc! Brick the Brown Noser! :D

647364[/snapback]

 

 

:lol: :lol: :lol:

 

Shhhhh!!!! You'll jinx it!

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Oil supply is apparently increasing finally, getting above the mid 05 peak.

 

Follow the link for some heavy sledding with the production stats for some after hours study perhaps.  The point being that no matter how you slice and dice the numbers funnymentals of oil don't scream bull.  We know they don't mean a thing trading wise but it's good to know the score. Blame the now tanking dollar, blame anything you want. It's crack up boom behavior.

 

http://www.theoildrum.com/node/3660

647358[/snapback]

 

 

How much has world wide consumption increased since 05? :unsure:

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DJ Fed Accepts $11.5 Bln In Overnight RPs

 

Type of transaction: Overnight RPs

Total accepted: $11.5 Bln

Total submitted: $36.25 Bln

 

Agency Collateral Operation

Total accepted: $3.849 Bln

Total submitted: $13.5 Bln

Stop-Out Rate: 2.92%

Weighted Average: 2.93%

High-rate submitted: 2.94%

Low-rate submitted: 2.82%

 

Treasury Collateral Operation

Total accepted: $2.089 Bln

Total submitted: $10.75 Bln

Stop-Out Rate: 2.19%

Weighted Average: 2.2%

High-rate submitted: 2.22%

Low-rate submitted: 2.1%

 

Mortgage-Backed Collateral Operations

Total accepted: $5.562 Bln

Total submitted: $12 Bln

Stop-Out Rate: 2.98%

Weighted Average: 2.99%

High-rate submitted: 3%

Low-rate submitted: 2.9%

 

(Data was provided by the New York Federal Reserve Bank).

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AAA label doesn't fool the markets

 

"Credit-default swaps indicating the risk that Armonk, New York-based MBIA's bond insurance unit won't be able to meet its obligations are trading at similar levels to companies such as homebuilder Pulte Homes Inc., which is rated 10 steps lower."

 

http://www.bloomberg.com/apps/news?pid=206...BRzE&refer=home

 

In the end "only" widows and orphans pension funds will suffer from the maintenance of the rating.

647363[/snapback]

 

 

Screw the widows and orphans. Save the Banksters. :ph34r:

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DJ Fed Accepts $11.5 Bln In Overnight RPs

 

Type of transaction: Overnight RPs

Total accepted: $11.5 Bln

Total submitted: $36.25 Bln

 

Agency Collateral Operation

Total accepted: $3.849 Bln

Total submitted: $13.5 Bln

Stop-Out Rate: 2.92%

Weighted Average: 2.93%

High-rate submitted: 2.94%

Low-rate submitted: 2.82%

 

Treasury Collateral Operation

Total accepted: $2.089 Bln

Total submitted: $10.75 Bln

Stop-Out Rate: 2.19%

Weighted Average: 2.2%

High-rate submitted: 2.22%

Low-rate submitted: 2.1%

 

Mortgage-Backed Collateral Operations

Total accepted: $5.562 Bln

Total submitted: $12 Bln

Stop-Out Rate: 2.98%

Weighted Average: 2.99%

High-rate submitted: 3%

Low-rate submitted: 2.9%

 

(Data was provided by the New York Federal Reserve Bank).

647373[/snapback]

 

 

There are reasons for this, as explained in the Wall Street Examiner Professional Edition Fed Report. Wait until we see what happens Thursday, Friday, and Monday. For those of you who are not subscribers, click the link below to try the service risk free for 30 days and get the inside dope (that's me :lol: ) starting RIGHT NOW!

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I hate to say it but short term top may be near......

*DJ Central Fund Prices 4.3M Shr Offer At $13.20/Class A Shr

 

NAV is 12.05 welcome to the hose job......This is why I do not like this fund.... the buyers at this level are paying a huge premium.... and the existing shares are being diluted... Their is a commission that is paid to the investment bank from this offering, that is where the dilution comes in.

 

I am a big advocate of owning the physical..

647365[/snapback]

 

 

They do this once or twice a year usually when the premium over nav is about 10 or more %. http://www.centralfund.com/Nav%20Form.htm

and they tell everyone who cares to read about it http://www.centralfund.com/Press%20Releases.htm :blink:

 

 

I have been trying to short CEF for awhile and there are no shares to short,

even my own against the virtual box. :angry:

I only buy cef after one of these offerings and only at less than 2% over nav which is typically what is charged for physical.

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