Jump to content


Photo
- - - - -

B4 The Bell Tearsday October 28


This topic has been archived.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

#16 Bastiat

Bastiat

    Stock Proctology Intern

  • Members
  • Pip
  • 203 posts

Posted 28 October 2004 - 08:47 AM

The US IOU has been pretty good so far in sticking to the channel. From the latest Clive Maund at 321 gold.

Posted Image

Clive Maund

#17 RockLedge

RockLedge

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,390 posts

Posted 28 October 2004 - 08:48 AM

Mark Haines said:

Oil fell yesterday on word that the supply of heating oil was higher than expected..."but don't worry, it will be lower than expected at some point in the future."

Obviously these guys know the real deal, and are so embarrrassed they need to resort to telling the truth every once in a while just to remain sane.

T. Bone Pickens was on Squawk this morning. He said:

"This noise about the Saudia and the Iranians wanting a lower oil price is just ridiculous. They're in the oil business. The world is more than half way through the hydrocarbon era and oil production is in decline while demand is rising. We simply aren't in a position to produce enough oil to keep up with this level of demand. Price is the only thing that can curtail demand."

One thing Mr. Pickens would never mention: Thank god we have Canada!

Mr. Pickens,.. we are the pigs, not the Middle East.

#18 Hiding Bear

Hiding Bear

    Associate Professor of Stock Proctology

  • Moderators
  • PipPipPipPipPipPip
  • 4,517 posts

Posted 28 October 2004 - 08:51 AM

The US IOU has been pretty good so far in sticking to the channel. From the latest Clive Maund at 321 gold.

Posted Image

Clive Maund

At first glance, I don't see how the Chinese raising rates will help the US$, unless it follows that the US will raise rates to compete with them.

However at this moment no Fed member or economist is looking at the steady deterioration in the money supply, which is an important indicator of where the economy is going.

And it's going down, and higher rates will make it go down faster.

#19

  • Guests
  • 0 posts

Posted 28 October 2004 - 08:55 AM

T. Bone Pickens was on Squawk this morning. He said:

"This noise about the Saudia and the Iranians wanting a lower oil price is just ridiculous. They're in the oil business. The world is more than half way through the hydrocarbon era and oil production is in decline while demand is rising. We simply aren't in a position to produce enough oil to keep up with this level of demand. Price is the only thing that can curtail demand."

Yes, Saudi Arabia and Iran are in the oil business. But unlike the U.S. and Canada,
they have very few other natural resources. Saudi, being mostly desert, has only
limited agriculture, no forests, so much of their food and lumber must be imported.
In that regard, Iran is in better shape. Saudi's also import a large labor force.

Consider that when the Saudi's can no longer pump oil, they will have literally no
income to sustain their people and not much else that I can see to replace it.
Even now, their need for de-salinized water (intensive energy input) is great.
I would think they would want to keep oil flowing as long as possible and at the
highest prices they can get. I see serious problems in that nation's future.

#20

  • Guests
  • 0 posts

Posted 28 October 2004 - 08:58 AM

jobless claims jumped.

All with a purpose, Doc!

Here comes the Ten Year Yield reversal to sub 4% and the jammoramma on the housing sector.

Laughable.

#21 Ned38

Ned38

    Doctor of Stock Proctology

  • Members
  • PipPipPipPip
  • 2,460 posts

Posted 28 October 2004 - 09:01 AM

Always seems like they jamm the markets before bad news. So this 2 day jam must mean it's real bad news

#22 flockofsheeples

flockofsheeples

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,288 posts

Posted 28 October 2004 - 09:03 AM

Here comes the Ten Year Yield reversal to sub 4%

did I blink and miss it? :unsure: :)
I don't know why they call it hamburger helper...it seems to do just fine on its own-Uncle Eddie, "Family Vacation"

#23

  • Guests
  • 0 posts

Posted 28 October 2004 - 09:08 AM



Here comes the Ten Year Yield reversal to sub 4%

did I blink and miss it? :unsure: :)

It hasn't happened yet...just predicting a reaction to the jobs data. In recent months, higher unemployment numbers = lower Ten Year Yield

#24 PeakOil

PeakOil

    Stock Proctology Intern

  • Banned
  • Pip
  • 382 posts

Posted 28 October 2004 - 09:24 AM

Currency traders are not fooled. Dollah Dead Cat Bounce.

EUR/USD Spot 1.2757

#25 brian4

brian4

    Clinical Professor of Stock Proctology

  • Banned
  • PipPipPipPipPipPipPipPip
  • 9,361 posts

Posted 28 October 2004 - 09:25 AM

Good Morning Crew-..The Chinese rate hike is the first turn of the "thumb-screw"...what you gonna do, when they come for you. Window 5 minutes in till half past the hour and yippers we are going down...Helmets on, Lock n Load! ;)

#26 dozer

dozer

    Assistant Professor of Stock Proctology

  • Banned
  • PipPipPipPipPip
  • 3,157 posts

Posted 28 October 2004 - 09:31 AM

Always seems like they jamm the markets before bad news. So this 2 day jam must mean it's real bad news

:lol: :lol:

mornin Ned, stoolies.

yah, must be bad....POG just leaped 3 bucks in 10 min... :D

#27 Bastiat

Bastiat

    Stock Proctology Intern

  • Members
  • Pip
  • 203 posts

Posted 28 October 2004 - 09:37 AM

Notice that price movements in currencies, precious metals and the stock market are becoming more volatile? That usually precedes something significant, although not always.

Posted Image

http://www.kitco.com...s/live/gold.gif

#28 machinehead

machinehead

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 13,180 posts

Posted 28 October 2004 - 09:41 AM

Nice, "textbook" new moon / eclipse reversal. This is the way it's "supposed" to work.

The Chinese rate hike while the moon mottled orange was icing on the cake.

If yuan deposits pay higher yields now, that can't be good for the dollah.
"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

#29 soup

soup

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 11,230 posts

Posted 28 October 2004 - 09:43 AM

still have two days of tape painting from the boyz in boston
""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

#30 RockLedge

RockLedge

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,390 posts

Posted 28 October 2004 - 09:43 AM

"This isn't a blame game," Snipes told The Miami Herald. "What we're concentrating on is getting the ballots to the voter." She was named to the job by Gov. Jeb Bush after the 2000 elections supervisor quit during the bitter presidential vote recount and her replacement was suspended for bungling.



Fla. County to Replace Absentee Ballots


Bush said Kerry was a candidate who "jumps to conclusions without knowing the facts."



First U.S. Unit at Iraq Site Did Not Hunt Explosives

And what would be the facts Mr President?

Attached Images

  • refinerysmoker.jpg






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