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Snowed Under


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Kool-Aid Jimmy Jones Cramer still leading his flock to the cyanide:

 

From today's RealMoney.com headlines:

 

"There Is More Upside Left in This Tape!!"

 

"Weak Dollar Not a Call For Doom!!"

 

"Is It Over?? Sounds Like Sour Grapes!!"

 

Can't wait until this guy gets punched in the face by his listeners.

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This chart shows the ?relative performance? of U.S. Bonds in Japanese Yen vs. Gold. While U.S. Bonds make new highs day by day back at home, the Japanese investors are faced with a continued ?erosion? ? series of lower highs. Note how the price of Gold is a ?mirror-image? of the chart above. With the Yen?s strength, the picture is worsening every day. The relative performance just triggered another intermediate-term ?SELL-SIGNAL? ? ?BUY SIGNAL? for Gold??.

 

 

.......hope the chart is not too big........have to get some web-space.....

bonds_for_japs.doc

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QUOTE (K Wave Rider @ May 19 2003, 03:10 PM)

Especially with synchronized cyclicity.

 

"Did everyone lock and load yesterday? No brainer entry on that one. Don't get those too often."

 

Kwave,

 

what signal that gave you that no brainer entry Friday to lock and load? TIA

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with weakening USD and plunging UST yields, are we gonna get some support from FURners (compliments to Bareister) for prime US real estate? betting we do, particularly from asia and particularly if uncle buck continues to slump. id buy good real estate before id buy bonds in US if i could play the trend in currency exchange rates and if i thought US demand for imports (their exports) might slacken and hurt an export-based economy.

 

with another round of refi's around the corner, potential Furner demand and weak yields from alternate investments, real estate could get it up one more time.

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Moved another 25% into RYVNX before the bell for 75% net on a close below 1120. Haven't had a good day in weeks it seems. :)

 

NDX continues to lead the decline just as it lead the market up in March. I expect the NDX to outperform further on the downslide.

 

Today's expected NAV pricing:

 

RYVNX +3.43 @ 50.43 (+7.29%)

RYTPX +3.80 @ 79.92 (+5.00%)

 

2.29% delta; Can't have enuf of that high-beta booty!

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What an absolute asshole. Lost his spine as soon as he accepted the job....

 

While insisting the U.S. still has a "strong-dollar policy," Mr. Snow redefined what that means in comments to reporters at an economic summit here. He said the U.S. government no longer measures the dollar's strength by its market value against the other major currencies -- the long-accepted premise of that policy. Instead, Mr. Snow said "strong" refers to such aspects of the dollar as the confidence it inspires in the public and its resistance to counterfeiting.

 

from wsj

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it's just starting

sell and hold shorts

like Livermore said the big money is made in the big swings not the fluctuations

gotta hold short

bulls still think they are right and many will not sell until forced to by margin calls

that will take many days

add to shorts on rallies

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Instead, Mr. Snow said "strong" refers to such aspects of the dollar as the confidence it inspires in the public and its resistance to counterfeiting.

Yeah! Just like the confidence we all have in the rail system in this country!

 

Talk about a super-productive use-of-capital industry! Heeheeheehee.

 

Methinks this dude's in over his head. :D

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What an absolute asshole. Lost his spine as soon as he accepted the job....

 

While insisting the U.S. still has a "strong-dollar policy," Mr. Snow redefined what that means in comments to reporters at an economic summit here. He said the U.S. government no longer measures the dollar's strength by its market value against the other major currencies -- the long-accepted premise of that policy. Instead, Mr. Snow said "strong" refers to such aspects of the dollar as the confidence it inspires in the public and its resistance to counterfeiting.

 

from wsj

What blatant double-speak. :angry:

 

And with regards to what is supposed to be the world's reserve currency. <_<

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I agree gold could go limit up very soon. Used to be $25 but now is $75:

 

Comex Gold Contract Info

 

Maximum Daily Price Fluctuation

 

Initial price limit, based upon the preceding day's settlement price is $75 per ounce. Two minutes after either of the two most active months trades at the limit, trades in all months of futures and options will cease for a 15-minute period. Trading will also cease if either of the two active months is bid at the upper limit or offered at the lower limit for two minutes without trading.

 

Trading will not cease if the limit is reached during the final 20 minutes of a day's trading. If the limit is reached during the final half hour of trading, trading will resume no later than 10 minutes before the normal closing time.

 

When trading resumes after a cessation of trading, the price limits will be expanded by increments of 100%.

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