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IDS World Markets Mon 6th October 08


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#16 TURK

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Posted 06 October 2008 - 07:56 AM

Gold spot 858 +22

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Phat,
I was really happy to see the skepticism on the board last night regarding gold. That tells me that we have a long way to go for gold/silver prices. I hope you have some :D
"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

#17 DrStool

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Posted 06 October 2008 - 08:18 AM

A new special podcast was posted yesterday on http://radiofreewallstreet.fm

Special access for Professional Edition subscribers.

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#18 DrStool

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Posted 06 October 2008 - 08:33 AM

"Radio Free Wall Street 10/8/2008".

Doc, pretty bold to be making predictions that far ahead!  :-)

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Wait--I was only referring to the "10/8/2008" in the link description.

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wups! OK, I fixed it. :lol:

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#19 DrStool

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Posted 06 October 2008 - 08:36 AM

Fed's weekly game changes-

http://federalreserv...y/20081006a.htm

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#20 T_Slim

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Posted 06 October 2008 - 08:42 AM

Fed's weekly game changes-

http://federalreserv...y/20081006a.htm

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More Fed shennanigans. May be better to sit on the sidelines today as far as the fraudexes go. All day there will be rumors and Fed announcements to keep the pigs propped up.

#21 FauxCaster

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Posted 06 October 2008 - 08:51 AM

Hilarious cluelessness from congressmen on Crapvision, Rep Norton on CDS:

"Why didn't they come to congress and ask for regulation?"

Yeah, right, Madame. 'Cause congress really knows how to fix things!
"WE ARE BEING KEPT ALIVE by the Entropic movement of Dark Matter(Sino-Nippo-dollar purchasing of $UST)---as soon as there is a ringing sound,a sign of an clogged artriosclerotic wormhole on the emergency fiat-meter it will end--dynamic equilibrium,will have been achieved;better known as death" -- beardrech (Mar 15 2006, 01:17 AM)

"There's a good chance he was drunk or drugged. Only an idiot would jump into the bear cage." -- Belgrade Zoo Director Vuk Bojovic (August 20, 2007).

It's like you're dreamin' about Gorgonzola cheese when it's clearly Brie time, baby. -- Hitchhiker (S.A.M. 1998)

Mar 28 2003: July 2003 is the time I have identified as the low of the bear move...then the first leg of the bear is over ...many will be caught by surprise to see the market near it's all time high again within 3-4 years [2007] ..."depression" similar to 1932 doesn't come until 2010. -- blackbelt (Mar 28 2003, 10:05 PM)

#22 phatbubble

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Posted 06 October 2008 - 09:05 AM

Phat,
I was really happy to see the skepticism on the board last night regarding gold. That tells me that we have a long way to go for gold/silver prices. I hope you have some :D

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Yessir B)
Quod Severis Metes

Your life is the sum of a remainder of an unbalanced equation inherent to the programming of the Matrix. You are the eventuality of an internal anomaly, which despite my sincerest efforts, I have been unable to eliminate from what is otherwise a harmony of mathematical precision. While it remains a burden assiduously avoided, it is not unexpected, and thus not beyond a measure of control. Which has led you, inexorably, here.
You haven't answered my question.
Quite right. Interesting. That was quicker than the others.

#23 Lemur

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Posted 06 October 2008 - 09:11 AM

Yessir  B)

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Nice bear suck in move this morning before it broke out of the wedge and took off.

#24 cwd

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Posted 06 October 2008 - 09:13 AM

I was reading M2M last night after returning from wife's 50th HS class reunion last night It was an interesting weekend.
I want to commend the posters on some outstanding pieces, especially Scully, and am glad to see some old names return.
I also want to thank Doc for continuing his outstanding analysis of this terrible situation we find ourselves in. As one mentioned, a number of people on this board have seen this slow motion train wreck developing over the last six years.
but no one in his right mind wanted this situation to develope but many are prepared.
I closed my last shorts on the open Tuesday morning in preparation to leaving town, but have gold my GLD plus my physical. It looks like we have a lot more downside.

I am posting a link to historical data on Gold and silver off of KITCO. Silver actually did worst in the depression than I had remembered.


http://www.kitco.com...arly_graphs.plx

http://www.kitco.com...arly_graphs.plx

#25 cwd

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Posted 06 October 2008 - 09:14 AM

Hilarious cluelessness from congressmen on Crapvision, Rep Norton on CDS:

"Why didn't they come to congress and ask for regulation?"

Yeah, right, Madame. 'Cause congress really knows how to fix things!

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With people like her making decisions, it is easy to see how we are in this mess.

#26 phatbubble

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Posted 06 October 2008 - 09:15 AM

Does anyone have an opinion on how a bounce might dovetail with the reinstatement of shorting on Wed?

Having a tough time imagining a short term bottom with that right around the corner.
Quod Severis Metes

Your life is the sum of a remainder of an unbalanced equation inherent to the programming of the Matrix. You are the eventuality of an internal anomaly, which despite my sincerest efforts, I have been unable to eliminate from what is otherwise a harmony of mathematical precision. While it remains a burden assiduously avoided, it is not unexpected, and thus not beyond a measure of control. Which has led you, inexorably, here.
You haven't answered my question.
Quite right. Interesting. That was quicker than the others.

#27 stevieo

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Posted 06 October 2008 - 09:16 AM

$900 billion of TAF credit will potentially be outstanding over year end.
Is that a lot?

That last bit about transferring assets from a subsidiary's MMF to a parent bank is interesting. Just who is it that asked for permission? Are they transferring the MMF crap to the parent bank because the MMF doesn't qualify for the existing laundering operations and they can't wait for Paulson's plan to go into effect? There's already a Fed swap plan for MMFs.

They're headed for a 0% reserve solution. Bernanke's answer to the 100% reserve solution.

#28 Sudaca

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Posted 06 October 2008 - 09:18 AM

Brazil is absolutely crashing here....


Currency is down 8%

Market is down 7%

We're looking at a 15% decline in USD terms here...

Man, how the mighty have fallen.

Attached Images

  • ronaldinhobeforeafter1.jpg

Thanks, David

#29 Sudaca

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Posted 06 October 2008 - 09:19 AM

HOLY SHEET

Brazil now down +10% in local currency

Almost 20% down now in USD
Thanks, David

#30 ChicagoBear

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Posted 06 October 2008 - 09:19 AM

Art Cashin on CNBS was sporting a "Dow 10,000" baseball hat.
Hillarious!
If we don't change our direction, we're likely to end up where we are headed.
It wasn't raining when Noah built the Ark.
"and the vicious cycle will feed on itself in an orgy of cannibalistic self destruction until even the skeletal remains of the system are ground into powder." - Doc, 3/2/09





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