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B4 The Bell Moonday September 27


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#76 machinehead

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Posted 27 September 2004 - 11:03 AM

The breakfast trade -- orange juice, coffee, sugar, and a silver spoon to stir it -- is leading the CRB index higher today:

CRB components (30 min delay)
"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

#77 longOnUranus

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Posted 27 September 2004 - 11:04 AM

Hard to believe the government would have released to totally BS housing related number on the same day Fannie is about to go into full cardiac arrest....

NOT!

With exisiting home sales declining, the off the cuff explanation may be that new home builders are undercutting the re-sales (hereinafter referrred to as "bagholders") with special financing or even price discounts.

I'm sure there is a more correct, obscure reason. The above is definitely happening in my area, though.

#78 soup

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Posted 27 September 2004 - 11:07 AM

Perhaps I am biased, but it sure *feels* like most think 10,000 wil lhold. Me, I have doubts about 9000.
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg

#79 brian4

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Posted 27 September 2004 - 11:08 AM

stop 1112.

#80 longOnUranus

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Posted 27 September 2004 - 11:09 AM

Perhaps I am biased, but it sure *feels* like most think 10,000 wil lhold.    Me,  I have doubts about 9000.

soup - I, for one, have never thought you were biased :D

I love the "resistance/shport" at these round number levels...but its like astrology..a lot of it works because other people think it works.

#81 lineup32

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Posted 27 September 2004 - 11:12 AM

Perhaps I am biased, but it sure *feels* like most think 10,000 wil lhold. Me, I have doubts about 9000.

Need a huge dose of FEAR..not enough yet lots of bear traps this AM..

#82 orvack

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Posted 27 September 2004 - 11:21 AM

My Gold Juniors are breaking out!

Best ones:

DSM.to (Desert Sun)
QRL.to (Queenstake)

#83 K Wave Rider

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Posted 27 September 2004 - 11:27 AM

SPX has 90 and 120 min support around 1100..if/when we break that, things should get interesting from a longer term perspective..

#84 brian4

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Posted 27 September 2004 - 11:28 AM

Da Bullz are about to hit the Electric fence! ;)

#85 Lock Limit Down

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Posted 27 September 2004 - 11:29 AM

FNM just went negative
Some more bagholders added today

HGX amazing
Perhaps there is work to be done on the shorts before they pull the plug

SOX 2% above the lows
Silver and gold have been flat for over one hour
Now how could that be?????
Matrix has so many fires to put out.
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

#86 orvack

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Posted 27 September 2004 - 11:31 AM

Gold is being sit on. Makes no effing sense to be flat as sugar, crude, silver, copper are moving up... :angry:

#87 Hiding Bear

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Posted 27 September 2004 - 11:34 AM

FNM selling 6b in bills

4.5b 3-mo
1.5b 6-mo

The Fed added $1.5B to the repo pool today, but more interestingly they increased repos on 'agencies' (think FNM) by $2 billion. Adding that to the existing $0.7b weekly agency repos outstanding (sorry, I neglected to note this last week) there is now a total of $2.7B agency repos outstanding. Well they are half way there in supplying 'capital' to FNM.

The Fed's level of concern is growing - but new fiat money always is available to paper over problems - or so they think.

BTW I would not consider selling or even reducing siilver/gold positions yet.

#88 Lock Limit Down

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Posted 27 September 2004 - 11:42 AM

Gold is being sit on. Makes no effing sense to be flat as sugar, crude, silver, copper are moving up... :angry:

Naked calls on silver and gold. Expiration TODAY
Patience
we are in the 9th inning and at the top of the order

TAKE DELIVERY
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

#89 K Wave Rider

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Posted 27 September 2004 - 11:43 AM

Today's low is da pivot fur da HGX..when it takes that out, it should be game over..

#90 KeyboardProspector

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Posted 27 September 2004 - 11:46 AM

Don't you just love the headlines:

'House panel to probe Fannie Mae on Oct. 6' :o

Bet Tom Delay is first in line.... :lol: :lol: :lol:





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