[aussiebear]

Seen on a menu in a coffee house in Kyoto, Japan.

[aussiebear]

http://finance.yahoo.com/intlindices

[aussiebear]

http://money.cnn.com...s/morning_call/










http://www.kitco.com




http://www.kitconet....ase_metals.html

Energy futures

[aussiebear]

Green start but now testing the depths. All Ords -0.3% with REITS in the downside lead, -1.3% followed by Financials -0.8% and Energy -0.5%. Gold is the big winner, +6.4%.

[swordfish]

Farewell America by Wegelin & Co
http://www.wegelin.c...e/kom_265en.pdf

[aussiebear]

A lopsided meander today. All Ords finished -0.1% with sectors evenly divided between winners and losers. On the upside Gold was the big winner, +7.2%, Utilities +1.4% and Miners +1.1%. At the other end, REITS -1.7% and Financials/Consumer Staples both -0.8%.

Over in Asia, a big rise for China, +4.3%, Honkers +1%, India +0.5% and Nikkers -0.6%.


On to UK/Europe:

Footsie




DAX




CAC 40

[Jetlag]

Keeping with yesterday's M2M topic I feel compelled to make some amendments to the following post

POTUS, on Sep 2 2009, 07:30 PM, said:

There clearly some clarification needed here about the TARP FRN "money"......

There is no TARP FRN "money", sheeple!

It's all just IOU's!

Debt!

Unprinted Electronic FRN's!

It's "money" Gold the Merkin Gubmint does not have.

So, in the future, please refer to Gubmint expenditures accurately, such as

"TARP FRN debt that will bankrupt our grandchildren and never be repaid"

[Rationalize]

Trader Joe, on Sep 3 2009, 04:49 AM, said:

Here's how it plays out:

[1] UNG trades down to $4-5

[2] CFTC changes "the rules"

[3] UNG is forced to liquidate due to "regulatory event"

[4] Washington passes some sort of clean energy must use Natty Gas for electricity and fleet vehicles legislation

[5] Natty Gas triples within 2 months
________________________________

Maybe I need to open a futures account.....

My point of view is that futures are the only way to trade commodities in a fair and orderly manner.

ETFs are for douches. Why pay for a product when you can build it yourself, for less?

[Jetlag]

Rationalize, on Sep 3 2009, 05:28 AM, said:

My point of view is that futures are the only way to trade commodities in a fair and orderly manner.

ETFs are for douches. Why pay for a product when you can build it yourself, for less?

I concur. Commod ETF's with an investment strategy that is limited to buying and rolling futures are for entry level reamtail crowd.

The real douche bags invest in fuctures directly and OTC tailored products Don't we?

[POTUS]

swordfish, on Sep 3 2009, 06:14 PM, said:

Farewell America by Wegelin & Co
http://www.wegelin.c...e/kom_265en.pdf

Drivel, written by apologists with criminals for clients.

[ChickenLittle]

One word for our predicament:

KANSEI FUKYO

look it up.

(what the Japanese call kansei fukyo, a “recession brought about by government policy error”, )

[ChickenLittle]

in this era we dont seem to have the old Bond Vigilantes - but a new sherriff is in town.
The Currency Vigilantes.

makes sense. You wanna goose yer market up 1% - go ahead - your currency loses 2%. Oh and gold goes up accordingly.
Happy?

[DrStool]

Treasuries up. Gold up. The fear trade is back.

[shorty]

The U.S. Securities and Exchange Commission has a new motto: We're not crooked, just incompetent.
Even if you agree with the report's conclusion that the SEC was not complicit in the Madoff case, the agency's lack of corrective action clearly aided and abetted his crimes.

[ChickenLittle]

shorty, on Sep 3 2009, 12:12 PM, said:

The U.S. Securities and Exchange Commission has a new motto: We're not crooked, just incompetent.
Even if you agree with the report's conclusion that the SEC was not complicit in the Madoff case, the agency's lack of corrective action clearly aided and abetted his crimes.

Crooked, Incompetent -whatever. The important thing is there must be no consequences whatsoever. Nobody goes to jail, no hearings, no public humiliation, no fines. Of course nobody loses their jobs - especially not the top guys/gals. Just business as usual.
That is fully accepted in our society as the proper way to deal with things.