speculator Posted July 3, 2003 Report Share Posted July 3, 2003 I think the gold coins look and feel fab but who will buy them from you if the Matrix really blows up. You going to trade a coin for a cow or something like that? I still dont understand why people buy physical gold. I would think farm land would be more useful in the Mad Max future where all paper currencies are worthless. The only reason I can really think of is to hide assets and then you have the storage and transport problem. Link to comment Share on other sites More sharing options...
wndysrf Posted July 3, 2003 Author Report Share Posted July 3, 2003 Devil's Advocate: How many times have we heard of these large "at market" sell orders? I'm not really worried. Nothing that Team Al Green can fix with some futures jamming or a convenient "Globex outage". At this point, The Matrix has the upper hand. The Matrix at the moment is now larger than the market, and The Incredible Hulk Program Robots from offshore have lots of firepower for the necessary "candle jamming" if and when we go down more than 125 points. How can The Matrix outmuscle The Market? Easy. It has lots of help: - Record short interest on NYSE and Nasdaq - Record number of new IDB Screamer Stocks hitting 52-week highs which have been impervious to bear market selloffs. - Record number of HedgeHogs trying to game every downtick by shorting the momo screamers like EBAY - Record low Specialist Short Ratio readings - Hapless Ameritrade Dippers now turned into short sellers trying to game the turn. - Endless E-Woofers, Astrologers, and Chart Wizards trying to pick tops. - But most important, record amount of liquidity, record high MoGauge readings, and the widest spread trade margins in fixed-income history. Just keeping everyone on their toes, as promised at the beginning of 2003. Link to comment Share on other sites More sharing options...
coboy Posted July 3, 2003 Report Share Posted July 3, 2003 What does this tell ya? :wink2: http://www.decisionpoint.com/affiliate/NHNL.html It tells me extreme, unsustainable momentum vaned and corrected itself and market is ready for another push, so much to go.. New high/lows differential peak should at leasts be tested.. Link to comment Share on other sites More sharing options...
MrHanky Posted July 3, 2003 Report Share Posted July 3, 2003 JUST SOLD MY HOUSE FOR AN 82K PROFIT IN 8 MONTHS!(about 65k after commish) closing in 30 days....I don't believe it,I hope it gets to closing without any problems. anyone want to rent me a place to live?...I'm about to be homeless. Link to comment Share on other sites More sharing options...
MyGoldenStool Posted July 3, 2003 Report Share Posted July 3, 2003 The only reason I can really think of is to hide assets and then you have the storage and transport problem. I don't see anything difficult about the can buried in the back yard. Transport? At over $6000/lb, I don't think that it would be too difficult to transport, either. The only thing I could see going haywire is the possibility of requiring the reporting of all transactions conducted in gold. Link to comment Share on other sites More sharing options...
BigWave Posted July 3, 2003 Report Share Posted July 3, 2003 JUST SOLD MY HOUSE FOR AN 82K PROFIT IN 8 MONTHS!(about 65k after commish) closing in 30 days....I don't believe it,I hope it gets to closing without any problems. anyone want to rent me a place to live?...I'm about to be homeless. Good job Hanky...Hell of a lot easier than trading short now . EDIT- Make that the last 3 months..I think it gets easier soon.. Link to comment Share on other sites More sharing options...
coboy Posted July 3, 2003 Report Share Posted July 3, 2003 Devil's Advocate: How many times have we heard of these large "at market" sell orders? I'm not really worried. Nothing that Team Al Green can fix with some futures jamming or a convenient "Globex outage". At this point, The Matrix has the upper hand. The Matrix at the moment is now larger than the market, and The Incredible Hulk Program Robots from offshore have lots of firepower for the necessary "candle jamming" if and when we go down more than 125 points. How can The Matrix outmuscle The Market? Easy. It has lots of help: - Record short interest on NYSE and Nasdaq - Record number of new IDB Screamer Stocks hitting 52-week highs which have been impervious to bear market selloffs. - Record number of HedgeHogs trying to game every downtick by shorting the momo screamers like EBAY - Record low Specialist Short Ratio readings - Hapless Ameritrade Dippers now turned into short sellers trying to game the turn. - Endless E-Woofers, Astrologers, and Chart Wizards trying to pick tops. - But most important, record amount of liquidity, record high MoGauge readings, and the widest spread trade margins in fixed-income history. Just keeping everyone on their toes, as promised at the beginning of 2003. That's good stuff.. Thanks Mark.. I'm seeing extreme put buying in the slightest sign of weakness.. I won't go against specialists... I've started to think most conventional metrics will not work this time around like oscillators don't mean anything in trending markets.. Link to comment Share on other sites More sharing options...
tpark Posted July 3, 2003 Report Share Posted July 3, 2003 I think the gold coins look and feel fab but who will buy them from you if the Matrix really blows up. You going to trade a coin for a cow or something like that? I still dont understand why people buy physical gold. I would think farm land would be more useful in the Mad Max future where all paper currencies are worthless. The only reason I can really think of is to hide assets and then you have the storage and transport problem. Farm land would be nice if you have sufficient force to hold it. In the event of a real crisis where things have sunk to the state of total barbarism, gold coins would be of limited value too, it would be better to have things like tools, dried food, weapons and ammo. Trading gold and silver for things you require may be required in the future, if these metals once again are used as money. Link to comment Share on other sites More sharing options...
DICK BUTTkus Posted July 3, 2003 Report Share Posted July 3, 2003 I think the gold coins look and feel fab but who will buy them from you if the Matrix really blows up. You going to trade a coin for a cow or something like that? I still dont understand why people buy physical gold. I would think farm land would be more useful in the Mad Max future where all paper currencies are worthless. The only reason I can really think of is to hide assets and then you have the storage and transport problem. I've wondered the same thing. What it seems to come down to is that gold has held value throughout all the civilizations that have come and gone, i.e. it has passed the test of time. It seems highly unlikely that gold will become worthless any time soon. Its physical properties and its scarcity give it a suitability for exchange/backing exchange that can be matched by very few other tradeable items. Trading a gold coin for a cow -- or for a gun or a vehicle -- is awkward from our perspective, but still much easier than trading an acre of ground. Link to comment Share on other sites More sharing options...
Sigmoid Friend Posted July 3, 2003 Report Share Posted July 3, 2003 For those who doubt the french fry story, here is the ebay auction: http://cgi.ebay.com/ws/eBayISAPI.dll?ViewI...3&category=1469 Here is a copy cat trying to get in on the action: http://cgi.ebay.com/ws/eBayISAPI.dll?ViewI...1&category=1469 Guys--Ever wish you could have a longer French Fry? Email me for the secret formula. Add 2-3 inches in less than a week! Link to comment Share on other sites More sharing options...
summoner Posted July 3, 2003 Report Share Posted July 3, 2003 Think like Daboyz...hold market up after pathetic jobs report...suck in more bulls who see the market not selling off on bad news...then wham....went balls to the wall short today ....holding ladder of puts from 1075 to 1000...also went six figure long in rydex tempest at the close....ps anybody who doubts the market cant be manipulated look what happened with that misprint futures trade today...all the ppt needs to do is buy some futures when they want to jam this thing..problem for bully is the boys are now short...and so am I...firing up the pits for the post fourth of july fireworks....remember I was laughed at in Vegas when I brought my Philharmonic to the table...demand about to soar for gold coins.....All you riverboaters remember when you go to bail on your pennies there may not be any bidders....reference Richard Russells interview on FSO last week... talks about putting a buy order in on a 10 stock at 5 and getting filled...turns out the seller put a market order in and he was the only Bid @ 5.....just wait till the MM's stop answering the phones and taking sell orders ala 1987...trade safe! Link to comment Share on other sites More sharing options...
coboy Posted July 3, 2003 Report Share Posted July 3, 2003 From Mark Boucher : Deflation would destabilize the entire debt structure, the bedrock of the so-called ?modern economy.? It is therefore politically and socially unacceptable, so it is being fought tooth and nail by massive fiscal policy stimulus as well as hyper-stimulative monetary policy, and an announced ?soft dollar? policy. But now that interest rates on mortgages are unlikely to go much lower as bondholders catch-on to this huge shift in policy, consumption growth will be unsustainable without an increase in corporate profits. The Fed hopes to bring back pricing power by engineering higher inflation rates that will help corporations raise prices and profits. Thus investors should expect a gradual upswing in inflation in the years ahead as the most likely scenario of this policy dilemma. Yet the swing from deflation and disinflation to inflation will take some time and there will be a time lag before the policies in place produce inflation in actual measured economic variables. This environment is one of significant instability. Markets can become explosive once opportunity and direction are recognized and capital rotates to a favored asset-class or sector, creating mini-bubbles that can shift very quickly, only to leave investors stranded who do not shift rapidly to the next area, as almost no move is sustainable in the long run. Eventually interest rates will wake-up and rise high enough to choke off the recovery and inflationary pressure. Yet there is likely to be a significant lag between the new policy and the popping of the bond market bubble via substantially higher interest rates. If policy is successful at engineering inflation, which is by far the most likely intermediate-term outcome, then one would have to suspect that stocks will become a focus of speculative activity again. If it takes more than six months for rates to choke off the rcovery, stocks could retrace 50%-75% of the entire decline since 2000 in a mini-bull-bubble environment. Bonds are a bubble now, and though they may hold up until it is clear that global economic weakness has abated, investors should be shifting out of them. The dollar is likely to continue to decline, and since Asian currencies are tied to the dollar, most of the pressure will come versus the Euro and commodity currencies. Asia will be a prime beneficiary (as will Emerging Markets in general) of any economic uptick. Gold should embark on a long-term bull market in this scenario. Real estate may also become the focus of speculative bubble like activity until rates rise enough to choke things off. But, investors need to be aware that the TERMINAL decline in the stock market (and possibly economy and real estate) could well be brought about by the eventual bursting of the current bond market, and by high interest rates choking off the new policy toward inflation much more quickly than during any previous cycle. Link to comment Share on other sites More sharing options...
Guest Icky Twerp Posted July 3, 2003 Report Share Posted July 3, 2003 From Mark Boucher : The Fed hopes to bring back pricing power by engineering higher inflation rates that will help corporations raise prices and profits. Thus investors should expect a gradual upswing in inflation in the years ahead as the most likely scenario of this policy dilemma. so I see the sense in this, BUT, shouldn't we (the FED) be inducing inflation in CHINA, instead of the US? All inflation does here is make China imports cheaper and life here more expensive Link to comment Share on other sites More sharing options...
Klingon Posted July 3, 2003 Report Share Posted July 3, 2003 Had to emerge from lurker status to post the following from Robert Novak's column: 'Rate cut 'disaster'' poses a threat to President Bush's re-election Greenspan had prepared Wall Street for a reduction in the federal funds (inter-bank lending) rate from 1.25 percent to 0.75 percent--dropping 50 basis points. Instead, the committee astounded the financial world by cutting half that much--25 basis points, down to 1 percent. Without McDonough's presence, a passive Greenspan submitted to the powerful Fed staff. The immediate consequences were opposite to what the central bank intended. The stock market fell and long-term interest rates rose. Longer-term consequences could be far worse. With the Federal Reserve's credibility shattered, investors might fear future central bank tightening. Higher bond rates discourage corporate investment, which has not responded vigorously to the Bush tax cuts. That foretells continuing low growth of 2.5 to 3 percent, and continued loss of jobs. Those prospects should terrify the president's re-election team. ***snip*** Disappointment among investors was reflected in a quick drop of 100 points at the New York Stock Exchange. More worrisome, however, was its inverted impact on interest rates. The 3.24 percent rate on 10-year bonds soared into the 3.5-3.6 percent range. Thus, a cut of 25 basis points in short-term rates translated into a 25-basis point increase in long-term rates. That is the worst outcome for a central bank in any country at any time--''an absolute fiasco'' in the words of one ex-Fed official. One former Fed governor called this ''the worst single performance that Alan Greenspan has ever had.'' Looks like the Matrix agents are losing control Link to comment Share on other sites More sharing options...
brian4 Posted July 3, 2003 Report Share Posted July 3, 2003 Summoner- Once again we sail with the tide. T-Park you're the only one that picked that up, they didn't bust any trades-2 services I suscribe too are advising clients who got filled to sit tight-when that death drop triggered it blew out the longs stops and also triggered under the market buy orders those bulls who got blown out lost big, ditto the bears who had put orders filled and had 30 seconds where they felt they had died and gone to heaven only to find out they were going to hell. Now the betting is since there was no annoucement other than rumour from Bob Piss on me that it must be a legitimate trade, if it was big enough to momentarily blow out the black boxes it had to be of gargantuan size and was at the market so someone or something wanted out real bad and shoved it right up da boyz wazoo. As I said earlier look where the trin and tick went out. If it's legit or not it will prompt the same anger as the mysterious Globex outage that occurred one day prior to the market falling down a cliff. CoBoy-I am going to ignore that remark-respect has to be earned on this board that is by making $-haven;t seen you make any yet. Trade Safe! Link to comment Share on other sites More sharing options...
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