DrStool Posted March 12, 2008 Report Share Posted March 12, 2008 How far will it go? Link to comment Share on other sites More sharing options...
Private Skidmark Posted March 12, 2008 Report Share Posted March 12, 2008 The good news is that if the dollar declines 1% every day for the next year, it will still retain 2.5% of its value. So, we have nothing to worry about. Ben says that because we are all US Americans, and such, and buy our goods in American soil, a falling dollar does not affect us. Like it would in Iraq. For the children. Link to comment Share on other sites More sharing options...
4shzl Posted March 12, 2008 Report Share Posted March 12, 2008 How far will it go? 650850[/snapback] According to my big red friend, to lower lows. TYX was the tell today. Regardless of what the TSLF ultimately does to relieve the short squeeze in Trashuries, March 27 is a very long ways off if you're $94 bil short right now. Link to comment Share on other sites More sharing options...
Private Skidmark Posted March 12, 2008 Report Share Posted March 12, 2008 Here's a chart that's easy to read. Hi-Ho Silver. Link to comment Share on other sites More sharing options...
Private Skidmark Posted March 12, 2008 Report Share Posted March 12, 2008 Here, let me fix that up. It's clearly a buy. Link to comment Share on other sites More sharing options...
4shzl Posted March 12, 2008 Report Share Posted March 12, 2008 Here's a chart that's easy to read. Hi-Ho Silver. 650858[/snapback] For those, like KW, who want to live on the edge. Link to comment Share on other sites More sharing options...
sarcastro Posted March 12, 2008 Report Share Posted March 12, 2008 http://seattletimes.nwsource.com/html/busi...goldrush12.html "But Jon Nadler, a senior anal cyst at Kitco Bullion Dealers of Montreal, is skeptical. A gold-watcher for three decades, he expects by summer that bankers will get a grip on their problems, the dollar will begin to recover and gold will sink to "more-normal" levels of $650 to $750 an ounce. Nadler argues that edgy hedge funds are ready to take a profit, while slowing demand from jewelers and growing supply will force gold back to earth." I think the only one who needs to get a grip is Jon Nadler. Has he been paying attention to what Bernanke & co. have been up to?! Amazing how quickly many "goldbugs"- like their stock bear counterparts- want to jump to the more "conventional" side of thinking as they see their own views grab some mainstream attention. He'll be sorry, as any correction in the gold market (I'd say $850 at WORST) will, more likely than not, be short lived.... Link to comment Share on other sites More sharing options...
4shzl Posted March 12, 2008 Report Share Posted March 12, 2008 Indispensable tool for those planning to trade commodities: Link to comment Share on other sites More sharing options...
GregFokker Posted March 12, 2008 Report Share Posted March 12, 2008 http://seattletimes.nwsource.com/html/busi...goldrush12.html "But Jon Nadler, a senior anal cyst at Kitco Bullion Dealers of Montreal, is skeptical. A gold-watcher for three decades, he expects by summer that bankers will get a grip on their problems, the dollar will begin to recover and gold will sink to "more-normal" levels of $650 to $750 an ounce. Nadler argues that edgy hedge funds are ready to take a profit, while slowing demand from jewelers and growing supply will force gold back to earth." I think the only one who needs to get a grip is Jon Nadler. Has he been paying attention to what Bernanke & co. have been up to?! Amazing how quickly many "goldbugs"- like their stock bear counterparts- want to jump to the more "conventional" side of thinking as they see their own views grab some mainstream attention. He'll be sorry, as any correction in the gold market (I'd say $850 at WORST) will, more likely than not, be short lived.... 650861[/snapback] I agree with your comments, but would qualify that Nadler is probably not a goldbug. Given the spread that Kitco charges, he's a middleman and no doubt doing gangbusters at it. Up down or sideways, the house *always* wins. Link to comment Share on other sites More sharing options...
Private Skidmark Posted March 12, 2008 Report Share Posted March 12, 2008 http://seattletimes.nwsource.com/html/busi...goldrush12.html "But Jon Nadler, a senior anal cyst at Kitco Bullion Dealers of Montreal, is skeptical. A gold-watcher for three decades, he expects by summer that bankers will get a grip on their problems, the dollar will begin to recover and gold will sink to "more-normal" levels of $650 to $750 an ounce. Nadler argues that edgy hedge funds are ready to take a profit, while slowing demand from jewelers and growing supply will force gold back to earth." I think the only one who needs to get a grip is Jon Nadler.? Has he been paying attention to what Bernanke & co. have been up to?!? Amazing how quickly many "goldbugs"- like their stock bear counterparts- want to jump to the more "conventional" side of thinking as they see their own views grab some mainstream attention.? He'll be sorry, as any correction in the gold market (I'd say $850 at WORST) will, more likely than not, be short lived.... 650861[/snapback] I avoid everything the Nadman writes, such as I'm not aware of him having been right once. Yet. You'd think Kitco would get someone to be its senior anal cyst who was actually bullish on gold. Seeing as Kitco sells the stuff. The house always wins but you'd expect more people to walk into the house at higher prices. Link to comment Share on other sites More sharing options...
Bungster Posted March 12, 2008 Report Share Posted March 12, 2008 I'm out of the market since this mornings pop to resistance on the NDX......I know as much as this guy about where the market will go next.... Link to comment Share on other sites More sharing options...
mdporter Posted March 12, 2008 Report Share Posted March 12, 2008 Moody's, S&P Defer Cuts on AAA Subprime, Hiding Loss (Update3) By Mark Pittman March 11 (Bloomberg) -- Even after downgrading almost 10,000 subprime-mortgage bonds, Standard & Poor's and Moody's Investors Service haven't cut the ones that matter most: AAA securities that are the mainstays of bank and insurance company investments. None of the 80 AAA securities in ABX indexes that track subprime bonds meet the criteria S&P had even before it toughened ratings standards in February, according to data compiled by Bloomberg. A bond sold by Deutsche Bank AG in May 2006 is AAA at both companies even though 43 percent of the underlying mortgages are delinquent. Sticking to the rules would strip at least $120 billion in bonds of their AAA status, extending the pain of a mortgage crisis that's triggered $188 billion in writedowns for the world's largest financial firms. AAA debt fell as low as 61 cents on the dollar after record home foreclosures and a decline to AA may push the value of the debt to 26 cents, according to Credit Suisse Group. ``The fact that they've kept those ratings where they are is laughable,'' said Kyle Bass, chief executive officer of Hayman Capital Partners, a Dallas-based hedge fund that made $500 million last year betting lower-rated subprime-mortgage bonds would decline in value. ``Downgrades of AAA and AA bonds are imminent, and they're going to be significant.'' Bloomberg Link to comment Share on other sites More sharing options...
DrStool Posted March 12, 2008 Author Report Share Posted March 12, 2008 CMON!!! PEOPLE!!! Nadler is a mouthpiece for a bullion dealer. WAKE UP! He's spouting this nonsense so that they can accumulate desperately needed inventory by flushing out nervous holders. If this was a Wall Street shill you would immediately recognize his comments to be bullish. Link to comment Share on other sites More sharing options...
mdporter Posted March 12, 2008 Report Share Posted March 12, 2008 From the bloomberg article: Bass estimates most of AAA subprime bonds in the ABX indexes will be cut by an average of six or seven levels within six weeks. Link to comment Share on other sites More sharing options...
potatohead Posted March 12, 2008 Report Share Posted March 12, 2008 Breaking News................... *DJ Bush: Repeats Strong Dollar Policy, Says Dlr Is 'Adjusting' *DJ Bush: Soft Dollar Hurting US Ability To Purchase Energy Link to comment Share on other sites More sharing options...
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