Good Morning Crew- It is an important day and a Lunar Eclipse day, are we going to give all of yesterdays gains back? With the eclipse it could happen or we could blast higher. If we move up like Lou I am inclined to short, conversely I will short any break of 9830. Colin Powells change of stance on Taiwan is interesting aside from it being the right stance. Methinks China threatened to withold support of the $ and the Idiot Prince folded.. Window at the Bell for 65 Minutes...Helmets on, Buckle up!
If we use the strategic reserve, at our current daily usage, it'd be gone in no-time anyway.
I believe Saudi is lying....they're -already- at capacity. The only thing they -might- be able to pump more of is sour hi-sulfur crude; and the world has -zero- additional refining capacity for that type.
ahh...tanks Wndy....nice to see gold shining in the morning
I read BD's post about Colin Powell early this AM while still in bed, and had to struggle for nearly 2 minutes to not start laughing out loud and incur Lady Fokker's wrath. Funny shit yo.
...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech
Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny
Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty
I have now seen five different charts from five different currency anal cysts calling for a very fast with no warning drop in the euro to 1.14, then 1.07, then parity. they insist that unless the monthly euro surpasses 1.2960, the euro will collapse and the dollar will rally. when that is completed, THEN the euro would go to 1.40. sounds like the gold shakeouts, actually. Looking at Doc's longterm dollar chart ( subscribe, folks), it looks like the buck will tank first - even if they are correct about the rebound.
I think currencies are like any other market. As soon as the sheep get in, it will crash.
They have been sitting on the +tick machine since the open
BUY BUY BUY
"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
Different traders on FX street - will take me some time to go through their posts - I'll send it to you. this is purely technical - some ewave, some not. If the long term chart on the dollar stays symmetrical, it looks to me like we go down to 78, then up to 92. then I don't know. all I am saying is that I own and have owned a lot of foreign currencies. sat on NZD, for instance, while it went from 66 to 58 pdq. this stuff happens, nutty as it sounds.