Jump to content


Photo
- - - - -

B4 The Bell, Moonday, August 16


This topic has been archived. This means that you cannot reply to this topic.
260 replies to this topic

#46 Lock Limit Down

Lock Limit Down

    Professor of Stock Proctology

  • Banned
  • PipPipPipPipPipPipPip
  • 5,274 posts

Posted 16 August 2004 - 10:20 AM

Panic buying since the open
Look at the trin
HGX on fire
Money over brains rules the day
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#47 machinehead

machinehead

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 13,180 posts

Posted 16 August 2004 - 10:25 AM

From a Saudi business school professor in Jeddah:

The most likely trigger for a reversal in foreign investment is the falling purchasing power of the dollar, especially in the market for oil.

These facts, combined with the skyrocketing, over 20 percent annual growth in "Super Money," mean investors must be on the lookout for rising commodity prices and higher interest rates.


Where US Interest Rates and Inflation Are Heading

Tres mauvais. The big, dumb vendors weren't supposed to catch on so quickly to our polished sleight-of-hand.

What are we gonna do, Al? Huh? Huh? :huh:

Maybe the US $ is already in the process of being rejected by OPEC - they just haven't announed it yet. :o

The article mentioned pretty much hits the mark - but I think the effect on foreigners pumping up the US money supply is not as signficant as stated there.

Yes, the professor may have misstated that. The effect of financing the U.S. current deficit is on the foreigners' money supplies.

The most recent Federal Reserve H.4.1 release shows that the Fed has an $804 billion balance sheet. Off-budget, though, is a 50% larger $1.256 trillion held in custody for foreign central banks.

This is not counted as part of the U.S. money supply, but it's definitely part of foreign money supplies (listed under foreign exchange reserves). The custody account has been growing at an incredible 34% annual rate, as shown by the annual change:

http://federalreserv...es/h41/Current/

This huge reservoir of foreign purchasing power is available to drive up the price of dollar-denominated internationally-traded goods, particularly Crude Earl. :o

What's not clear to me is who's in the driver's seat -- whether the U.S. drives the custody account growth with its deficit financing -- or the foreigners, who decide how much of the deficit to kick back into Treasury and Agency debt in the custody account.
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

#48 purdymouth

purdymouth

    Assistant Professor of Stock Proctology

  • Members
  • PipPipPipPipPip
  • 3,068 posts

Posted 16 August 2004 - 10:26 AM

Posted Image

#49 BearHugs

BearHugs

    Stock Proctology Intern

  • Members
  • Pip
  • 249 posts

Posted 16 August 2004 - 10:28 AM

Volume on the light side.

#50 Lock Limit Down

Lock Limit Down

    Professor of Stock Proctology

  • Banned
  • PipPipPipPipPipPipPip
  • 5,274 posts

Posted 16 August 2004 - 10:30 AM

Today will be very telling as to how many shorts are left..
Can anybody EVER imagine the matrix allowing this kind of action on the downside seen since 1530 Friday.
UB
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#51 brian4

brian4

    Clinical Professor of Stock Proctology

  • Banned
  • PipPipPipPipPipPipPipPip
  • 9,361 posts

Posted 16 August 2004 - 10:31 AM

Opening now till 15 past the hour-! Helmets on, Buckle up!

#52 Hiding Bear

Hiding Bear

    Associate Professor of Stock Proctology

  • Moderators
  • PipPipPipPipPipPip
  • 4,517 posts

Posted 16 August 2004 - 10:42 AM

From a Saudi business school professor in Jeddah:

The most likely trigger for a reversal in foreign investment is the falling purchasing power of the dollar, especially in the market for oil.

These facts, combined with the skyrocketing, over 20 percent annual growth in "Super Money," mean investors must be on the lookout for rising commodity prices and higher interest rates.


Where US Interest Rates and Inflation Are Heading

Tres mauvais. The big, dumb vendors weren't supposed to catch on so quickly to our polished sleight-of-hand.

What are we gonna do, Al? Huh? Huh? :huh:

Maybe the US $ is already in the process of being rejected by OPEC - they just haven't announed it yet. :o

The article mentioned pretty much hits the mark - but I think the effect on foreigners pumping up the US money supply is not as signficant as stated there.

Yes, the professor may have misstated that. The effect of financing the U.S. current deficit is on the foreigners' money supplies.

The most recent Federal Reserve H.4.1 release shows that the Fed has an $804 billion balance sheet. Off-budget, though, is a 50% larger $1.256 trillion held in custody for foreign central banks.

This is not counted as part of the U.S. money supply, but it's definitely part of foreign money supplies (listed under foreign exchange reserves). The custody account has been growing at an incredible 34% annual rate, as shown by the annual change:

http://federalreserv...es/h41/Current/

This huge reservoir of foreign purchasing power is available to drive up the price of dollar-denominated internationally-traded goods, particularly Crude Earl. :o

What's not clear to me is who's in the driver's seat -- whether the U.S. drives the custody account growth with its deficit financing -- or the foreigners, who decide how much of the deficit to kick back into Treasury and Agency debt in the custody account.

For the most part I think that CBs are reactive - especially Asian central banks whose primary motivation to buy US$'s appears to be a stabilized exchange rate.

As the US trade deficit vis-a-vis OPEC expands, their willingness to stabilze their exchange rates becomes more important. However they have less problems dealing with exchange rates - mainly because of a lack of an effective forex exchange market for their currencies. The Sauds and a few other Arabian peninsula OPEC members may be the last countries buying US$s for political reasons.

#53 brian4

brian4

    Clinical Professor of Stock Proctology

  • Banned
  • PipPipPipPipPipPipPipPip
  • 9,361 posts

Posted 16 August 2004 - 10:49 AM

1072 to 1075 is critical resistance failure here and we unravel fast. Big move coming Blast Shields up may the force be with us! ;)

#54 Mars

Mars

    Stock Proctology Intern

  • Members
  • Pip
  • 286 posts

Posted 16 August 2004 - 10:53 AM

"Good day... Well, I left you all on Friday with the thought that the
Trade Deficit would be bad... That was not giving it the credit it
deserved! The Trade Deficit for June wasn't just bad it was AWFUL! The
Deficit soared to $55.8 Billion from a previously revised $46.8
Billion... OUCH! That's going to leave a mark! "

From Everbank's Chuck Butler's newsletter: The Daily Pfennig. You can get these on The Daily Reckoning site (below Mogambo's citation) or by going to

http://www.everbank....in.asp?affid=eb

and signing up. Provides a great short summary of the news of the day from a forex standpoint.

#55

  • Guests
  • 0 posts

Posted 16 August 2004 - 11:00 AM

CNN runs the same Foundation for a Better Life commercials almost nonstop for weeks on end. Just who are these foundation people?

Foundation for a better life: more

#56 The brown one

The brown one

    Associate Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPip
  • 4,509 posts

Posted 16 August 2004 - 11:07 AM

Reuters: Shiiite miltia have set an oil well on fire in Southern Iraq

Aha! That would explain it!

New Olympic world record for repairing blown-up oil wells :lol:

Attached Images

  • charts_pvk.png


#57 Lock Limit Down

Lock Limit Down

    Professor of Stock Proctology

  • Banned
  • PipPipPipPipPipPipPip
  • 5,274 posts

Posted 16 August 2004 - 11:11 AM

I wouldnt stand in front of this thing if they held a gun to my head.
This will be a wire to wire day
Count on it.
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#58 lucid and confused

lucid and confused

    Stock Proctology Intern

  • Members
  • Pip
  • 422 posts

Posted 16 August 2004 - 11:13 AM

CNN runs the same Foundation for a Better Life commercials almost nonstop for weeks on end. Just who are these foundation people?

Foundation for a better life: more

Posted Image


Kinda sums it all up

#59

  • Guests
  • 0 posts

Posted 16 August 2004 - 11:14 AM

I wouldnt stand in front of this thing if they held a gun to my head.
This will be a wire to wire day
Count on it.

Sure is looking that way. The bushman is speaking on how good things are and how much he is doing for Americans.

#60 Lock Limit Down

Lock Limit Down

    Professor of Stock Proctology

  • Banned
  • PipPipPipPipPipPipPip
  • 5,274 posts

Posted 16 August 2004 - 11:15 AM

Hopefully my last post was a sure sign of the top for this move. :D
Seriously I think Ill sit this week out.
Lots of writers underwater. Wouldnt surprise me to see all kinds of upgrades and spin to rescue the lowlifes.
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson





Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
Download 
The Anals of Stock Proctology now!



The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.


The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!
Get Mugged!


Dr. Stool's
Book Search

Enter title, author, or keyword
Just books
All Products





Old Stool Depository

Live Steaming Pile Chart