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IDS World Markets Fri 3rd October 08


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#31 Lemur

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Posted 03 October 2008 - 09:05 AM

Dollar rallying against the Euro on the jobs report.  How does a bad job report become bullish for the dollar?

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Gold looking pale today also.

Is this market tricky to trade or what?

Meanwhile, I spoke to one of the guys at Bullionvault this morning. He said they have no difficulty in buying gold inventory (bars). The coin shortage may just be a demand spike/fabrication issue?

#32 DrStool

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Posted 03 October 2008 - 09:06 AM

similar setup on spy at 112.82.

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#33 I_Am_Madness

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Posted 03 October 2008 - 09:13 AM

Gold looking pale today also.

Is this market tricky to trade or what?

Meanwhile, I spoke to one of the guys at Bullionvault this morning. He said they have no difficulty in buying gold inventory (bars). The coin shortage may just be a demand spike/fabrication issue?

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Really? Spoke with a rep in Kitco and they say they're 3-4 weeks behind on inventory.
Stop the Madness

#34 Dr.Correll

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Posted 03 October 2008 - 09:14 AM

we get a little run out of the gate, or is it right back to pound town.

 


#35 dogsie

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Posted 03 October 2008 - 09:15 AM

C down 3
Insanity: doing the same thing over and over again and expecting different results. Albert Einstein
You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time. Abraham Lincoln
Those who cannot remember the past are condemned to repeat it George Santayana

#36 Lemur

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Posted 03 October 2008 - 09:18 AM

Really?  Spoke with a rep in Kitco and they say they're 3-4 weeks behind on inventory.

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Was that for bullion or coins?

Spoke to Tustain himself, the founder/CEO of bullionvault. He was expecting gold to sell off on favorable bailout news but hes holding long term. He just does not like fiat or systemic risk exposure for his money.

#37 fxfox

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Posted 03 October 2008 - 09:21 AM

I wanna thank the forex god that he allows me to make so much money on my day off. Tanks.
'patriot' is formed with 'patria' and 'idiot'

#38 Lemur

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Posted 03 October 2008 - 09:25 AM

Bought gold at $820 support. Breakeven stop

#39 stevieo

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Posted 03 October 2008 - 09:26 AM

Oops! Deleted this post. Just checked M2 and my comment doesn't hold up.

#40 Peek Paper

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Posted 03 October 2008 - 09:31 AM

Really?  Spoke with a rep in Kitco and they say they're 3-4 weeks behind on inventory.

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My experience ordering from numerous sources. I'm starting to get nervous that some reputable :) dealers might not execute the counterparty part.

To wit, there is even a rumor that COMEX and/or NYMEX are severely strained by the discrepancy between digital gold (futures, GLD, etc.) and the actual physical price. So much so, that I am increasingly fearing that bullion is just another frozen market like everything else these days.

'don't have time to mentally reason this out. Maybe some of you Stoolies have a reference/link for this idea. ...
The deeper you dig into a pile of dung, the worse it smells ...

#41 I_Am_Madness

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Posted 03 October 2008 - 09:35 AM

My experience ordering from numerous sources. I'm starting to get nervous that some reputable :) dealers might not execute the counterparty part.

To wit, there is even a rumor that COMEX and/or NYMEX are severely strained by the discrepancy between digital gold (futures, GLD, etc.) and the actual physical price. So much so, that I am increasingly fearing that bullion is just another frozen market like everything else these days.

'don't have time to mentally reason this out. Maybe some of you Stoolies have a reference/link for this idea. ...

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Can't the owner of the futures simply exercise their position and ask for delivery?
Stop the Madness

#42 DrStool

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Posted 03 October 2008 - 09:37 AM

spx 3 day cycle MA 1131.20

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#43 DrStool

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Posted 03 October 2008 - 09:40 AM

My guess was that the potential for a sustained short squeeze was very low. That's about to be put to the test as the averages clear the first obstacle.

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#44 TURK

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Posted 03 October 2008 - 09:41 AM

Bought gold at $820 support. Breakeven stop

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Good show!! Gold at $830 now. edit: $834 now.

BTW, I am in the process of ordering a 1000oz comex bar for my daughter right now from Tulving....he has them in stock.
"Damn, the price of this stuff jumps around alot!"
Hokahay October, 2008

"Analyzing the spot price of gold is akin to analyzing the output from a randon number gereator." -ancient chinese proverb

#45 DrStool

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Posted 03 October 2008 - 09:43 AM

5 day cycle Ma 1139.50 and 37.83

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