dcb

Charlie Gasparino: Another Crash 'Has to Happen Again'

us senator asks you to sign a petition against too big to fail policy geitner is attempting to establish

please see link and consider signing I have.


sanders.senate.gov/pet...

Dark Pools Are Not Scary Damp Places Where Investors Get Ripped Off

There are times in life when you know things are wrong. Dark pools are one of them. Just the idea that we have exchanges offf the book is unamerican. I can assure you banks wouldn't be in such a huff about them if they didn't benefit their bottom line. Please once the banks start telling me how I benefit from something I don't want I know the thing is wrong. All market transactions on open exchanges. If HFT does not allow for trading large blocks of shares then HFT should be done away with. trading stratagies adopt to the exchange, you don't open new exchanges so banks/hedge funds can more easily maintain a trading strategy.

If it cost society more to have an open system where all players receive the same information it is worth the price. god knows what can happen in these pools, and it is simply something I don't want to worry about. seeing order flows, etc. It just opens a can of worms.

Please excuse me if I just decide not to trust banks at their word in this regard.

As for HFT, you should know that there really is no comprehennsive study on the subject. My intuitive gut is that they increase magnify a concept called resonance, meaning when I trade O try to find out what algorhythm the other person is using and follow it. this amplifies highs and lows. I am also sick of see what I think is a run and the HFT trader sells out. it turns the usual signals into useless mush. Very simply there should be a transaction tax. Think about it. the exchanges are paying people to trade on them. No wonder they want HFt. No paying for trading, and transaction tax. if you want to do HFT then do so, but by adding some kind of tax it means one would have to think about things like cash flow and valuation before trading. the idea that you get paid from the system for trading doesn't help anyone.

wth HFT, just mean those who have access to the discount window , and are the exclusive supplemental liquidy providers to and exchange have unlimited fire power in 2000 unit trades to do what ever they want with the market.

Big trades that would move the market and upset those delicate computer algos have to be kept off the system. that's why they don't want it.

Example from Jan to march indexes dropped but vix decreased. Because on lower trading volumes quants can tailor the drop to keep vix down. Big sell orders screw up the quants and that's what happened after Lehman. the systems couldn't cope and algo trading becomes useless. that is why dark pools are wanted. It just makes it easier for them to manipulate the market.

I have sold lots of vix options. I want to drop the market but not pay, I use my HFT quant fund to do it. See Jan to March this year. Means I can be short but not trigger those expensive options I have sold!!!

You think the market going down have anything to do with the call/put ratio being high. Now that the wall street players have sold so many calls they drop it in order not to pay off. they can buy puts, sell vix options, etc. control the movement with high speed computers that move like lightning. You can tailor your program to look at your entire portfolio and max your profits, shorts, call, etc.
Big trades fuck up the program so they have to be taken into dark pools. That is what this is about!!!

Nouriel Roubini, One on One: More Doom and Gloom

CAN SOMEONE PLEASE TELL ME HOW WE AREN'T GOING TO GET INFLATION WHEN COMMODITIES GO UP. IT WILL BE A DISASTER FOR AMERICANS. NO WAGE PRESSURE RISING COMMODITIES. DISASTER. BUT INFLATION HELPS OUT WALL STREET!!

Nouriel Roubini, One on One: More Doom and Gloom

hATE TO BURST YOUR BUBBLE BUT THE YUAN IS NOT FREELY TRADED AND IS FIXED. THEY ALLOWED IT TO APPRECIATE A WHILE BACK BUT THEN NOTHING. SO YOUR COMMENT IS NOT VALID. IT HAS NOT APPRECIATED SINCE THE BOTTOM OF THE CRISIS!!


On Oct 24 06:27 PM TLassen wrote:

> No it's cheaper for the Chinese to buy gold and other commodities,
> it is not because they are diversifying out of the USD, the commodities
> are bought to meet the demand needed for their expanding economy.
>
>
> They will move out of the USD when it strengthens again in the future,
> not now when it is at a low relative value to their currency.

The Secret Paulson-Goldman Meeting

Dude, you are drinking way too much of the cool aid they are handing out.
the problem is not a single episode. It is a pattern of behavior that has happened over an over again. May I suggeset doing some background reading on the issue. Any truly informaed person that has an understanding of the sum totality of events can reach conclusions that are not consistant with american democracy or capitalism (at least the way it should be).
My guess is that you wouldn't consider goldman having two stock trading days of losses in a quarter to perhaps indicate the ability to manipulate the market, along with the code that says the justice department could be used ot manipulated the market. the 100% on the dollar from AIG, the appointment of Liddy, the fact that blankfein wass the only person in the room when the meeting went down between treasury and AIG, or perhaps the variance become a commercial bank in record time but the waiver to have to follow commercial bank trading rules and risk positions. Yeah you're right there isn't any potential issue here.

I tried real hard to not be overly insulting, but I think your comments insult you enough.


On Oct 21 02:25 AM John Aislabie wrote:

> What is the matter with everybody? The frenzied to need to show everything
> is a conspiracy is puerile.
> The guy has a social meeting with his old colleagues - only after
> checking with General Counsel. What is he supposed to do to stay
> in touch with the currents of banking activity? ~Chat with Last National
> of Podunk, Arkansas ?
> We should want our administrators to be well informed and preferably
> on first name terms with the movers and shakers, this stuff is much
> too serious to be handled by amateurs.

Long-Term Interest Rates Suggest Low Inflation

Your view is benign compared to the conclusions I have decided I believe in. I think he had a good idea of what was going to happen. But the masters at the Fed down in wall street really didn't care because the goal was to keep the party going and they knew they would be cashing out with their gains and the tax payer would eventually have to cough up the dough to bail them out. The guy was the greatest student of the great depression and yet he didn't understand the role of leverage and excessive cheap credit in the cause of the crisis. I'm afraid I can no longer believe that. Esp one must consider that in the summer of 2008 they were all having meeting about what to do with the impending crisis when geitner suggested making all wall street debt backstopped by US government. Then they were all on TV all the way down saying all things were going to be fine.

If I knew were going to collapse when the price of oil got high because I understood the nature of how much debt was in the system and a bit of a commodity induced recession, inflation, would make consumers unable to pay their debts and then collapse. I saw it, yet the best and brightest on wall street and the fed didn't. Too hard to believe I'm afraid. That's just fiction for the public.

the crash, destruction of household wealth, and the reflation of the system in a manner they knew was going to happen suited wall streets interests. Esp Goldman Sachs. Investment banks are the power behind the NY Fed, and NY Fed is the power in the Fed. I see huge profits and record bonus as clear reasons as to why the crisis has been good for them. Big Ben knows he is going to be set for life on leaving the FED, as to the other policy makers. all they need to do with the current system is maintain plausible deniability. Conformation of this theory is appointments of Geitner, Summers, and reappointment of Bernanke. Why else would you be putting in people who have had such a large role in ensuring the crisis happened and not being able to see it would happen.

I hate to say it, but one should look for easy explanations before complex ones. Other explanations just involve too many errors and too many rewards for people who made those errors for me to believe.

It suits those who hold the power to have the cheap easy credit go on for as long as they can, to drop the dollar and cause inflation. remeber they were telling us there was no inflation before when oil was rocketing. all you have to do is follow commodity prices to see the inflation in the piple line.
they rig the data because thye make a comparison right before the crash when inflationary prices were the highist. There is absolutely no reason why anything is wrong after what happen to have deflation for a few years other than it doesn't help wall street to earn money. strong dollar= lower energy prices= more free spending money for over indebted consumers=faster recovery. Why don't the Fed choose to engage in policies that deliberately prolong the recovery, why do we keep funding costs low when the money isn't being used to expand credit but inflate asset prices, why are we forcing the banks to lend.

1% of the US own 24% of wealth, they took a big hit and policies are designed to restore that wealth desparity as quickly as possable under the cover of "helping us". The rise in oil helped to trigger the crisis. caused by Bernanke's early rate lowering. the thoery was that by lowering rates early we would recover faster and be early to raise. that hasn't happened and won't happen. I'm sorry but other ways to explain the crisis, the response, and the continued headwinds to reform, etc. just don't allow any other way to explain what happened.

why did we pay AIG debt at 100%? why did we convet goldman to holding company, the list goes on and on. Rob emanueal said never waste a crisis. Well wall street hasn't they have used it as a way to consolidate power in the system and used the excuse of helping us to do it!!!


On Oct 18 05:04 AM Dave Wrixon wrote:

> All this shows is that Bernanke's blatant attempts to rig the market
> are holding for now. If you are betting on long-term interest rates
> you would need to be very confident that this guy knows what he is
> doing. Don't forget, he never even seen the financial crisis coming
> and was a substantial contributor to the problem. He is also squandering
> tax payers money to attempt to redress the balance without having
> a mandate to do so. Frankly, I would sooner trust Madhof. At least
> he came clean before the scam was obvious to everyone.

Smart Guys on Wall Street: The Trillin Theory

If you take a look at this articleyou will see a graph. That graph clearly shows that a decline in united states power is directly correlated to earnings in the financial sector. weaker currency, excessive leverage, excessively cheap credit= excessive profits. The things that help out wall street hurt this country, but because of excessive power and influence you don't hear this. The American people are in conflict with their own government, they just don't know it.

My theory is this meant more money was actually going to productive investment capacity instead of being paid to the folks who just shuffle the money around skimming off what would be other wise better served in productive uses. This is the difference between a financial sector that serves the country and one that serves themselves.

Note also that in both cases we had financial crisis. Look at the years, the pay. This episode and the great depression. Maybe there is something inherently unstable about the system that allows so much excess profits.
The conditions that allow the creation this wealth disparity are inherently unstable. Yet our government wants to bring it back!!!

Note that the pay level distortion took off at exactly the same time as securitisation. When debt to GDP ratios took off and increasing amounts of debt did not increase nominal GDP. An excessively profitable financial sector is inherently unstable and bad for 99% of the country. The conditions that create the profitability create instability. Knowing what you now know is it any wonder these pundits keep saying what they do. All that concerns them is their excessive profitability, not america. They see we need securitisation for growth, the exact opposite is in fact the case. they need securitisation for excessive profitability. This creates instability. Austrian economics understands this, which is why they aren't allowed in our government and you don't see much of them working for corporate controlled media. It doesn't matter if they are fresh or salt water economists because this keeps the liquidity flowing. Of course the mountain economists (Austrian) take it away. Therefore you have a government, media, industrial bias on the information you hear and those that advocate these positions move up the ladder. After all they keep the party going!!!!

Smart Guys on Wall Street: The Trillin Theory

Note from the graph above the greatest period af american strenght was when the financial sector siphoned off the least amount of capital

Smart Guys on Wall Street: The Trillin Theory

there are times when the sum total of data in a very small amount of time proves how illegitimate the American government is, and what a huge ponzi scheme the system is. When it is shown without a doubt that the wealthy took a big hit last year and all government efforts are designed to get their money back your your expense with additional wealth disparity. When it is shown how corrupt the system is. That in fact the entire system is figged and designed to benefit the few, but marketed as something to help us all. I had my coffee today, seven folks there. I was the only person who even owned stocks or bonds. Yet the government is helping us. Let me be very clear. We are talking about the Fed, congress, White house. All are not legitimate representatives, and we do not have a representative democracy, but a corporate oligarchy that makes the rules and drives the discourse to ensure their continued wealth. I'll just let you read the articles, and you
decide.

JP Morgan profits lift Dow above 10,000
$3.6bn net income best figure since 2007
Investment banking arm provides boost
By Francesco Guerrera in New York
The Dow Jones Industrial Average climbed above 10,000 for the first time in more than a year yesterday after JPMorgan Chase kicked off the US banks’ third-quarter results season by reporting its biggest profit since 2007.
The $3.6bn in net income earned by JPMorgan in the three months to the end of September easily beat analysts’ expectations and has set the bar for rivals Goldman Sachs, Citigroup and Bank of America, which report later this week.
The unexpected results from JPMorgan, coupled with relatively resilient US retail sales, and better earnings than expected from Intel on Tuesday, sparked a broader market rally.
The Dow rose 144.80 points, or 1.47 per cent, to 10,005.86, finishing above the 10,000-point mark for the first time since October 3 2008, the day the troubled asset relief programme was approved by Congress and signed into law.
JPMorgan’s performance highlighted the contrast between Wall Street’s resurgence and the continuing weakness of US consumers. Analysts said they expected the divide to be evident as other financial groups report, with securities houses such as Goldman Sachs and Morgan Stanley expected to do better than banks with huge retail operations such as Citigroup and BofA.
“Wall Street is picking up quite smartly, while Main Street continues to suffer,” said Bart Narter at Celent, a research and consulting group. “Rising unemployment and declining house prices will cause continuing pain on Main Street and the banks that serve it.”
JPMorgan’s investment banking arm, which ousted its cohead Bill Winters last month, accounted for more than half of group profits, driven by strong revenues in its fixed-income arm and other trading divisions.
The securities unit also benefited from a $400m gain on its leveraged loans and mortgage-backed assets – the first time a US bank has disclosed a significant “write-up” on the value of securities that have caused huge losses to the sector.
JPMorgan’s net income of $3.6bn compared with $527m last year. It was the bank’s best profit since the second quarter of 2007. Earnings per share were $0.82, up from $0.09.
Yet its US consumer businesses continued to bleed, with its credit card unit losing $700m in the quarter and its retail bank, which was augmented by the purchase of the regional lender Washington Mutual last year, barely breaking even.
Jamie Dimon, chief executive, said he had seen “initial signs of consumer credit stability” but warned it was too early to call the end of the downturn.





Geithner aides had made millions of dollars
‘Counsellors’ worked on Wall St
Advisers escaped Senate hearings
By Tom Braithwaite in Washington
Obama administration officials now working on fixing and regulating the financial system were beneficiaries of several million dollars in pay from Wall Street and private equity companies, it has been revealed.
Financial disclosure forms show that before joining the government, Gene Sperling, a senior Treasury adviser, was paid $887,727 by Goldman Sachs and $158,000 for speeches to companies that included Stanford Group, the company run by Sir Allen Stanford, who has since been charged with fraud.
Mr Sperling’s compensation from Goldman was for work on a philanthropic project. His overall pay, including for his main job at the Council on Foreign Relations, totalled $2.2m in the 13 months to January.
The forms, first obtained by Bloomberg, showed that Matthew Kabaker, another adviser in the Treasury, earned $5.8m at Blackstone, the private equity firm, in the two years before joining the administration to work on plans to support banks and spur lending. Much of the package was in stock.
Lewis Alexander, another adviser, was chief economist to Citigroup before joining the administration; he was paid $2.4m in the past two years.
Even though some of the officials whose previous salaries were disclosed are senior, many were appointed as “counsellors”, so escaped Senate confirmation hearings that could have highlighted their past remuneration and employment at a time of heightened animosity towards the financial industry.
This month the release of the telephone call logs of Tim Geithner, Treasury secretary, showed that he had numerous conversations with a number of Wall Street executives, sparking allegations that the administration was too close to the industry.
Officials argued, then and yesterday, that it was important to have skilled people working for the government as it crafted complicated financial rescues and for Mr Geithner to communicate with financial sector executives. Mr Geithner, former president of the Federal Reserve Bank of New York, has never worked on Wall Street.
Mr Obama, however, has hit out at the culture that he said prevailed before last year’s financial crisis – at a time when many of the Treasury officials were working on Wall Street and related businesses.
“We will not go back to the days of reckless behaviour and unchecked excess that was at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses,” he said at a speech in New York last month.
Previous releases of disclosure forms revealed the $5.2m paid to Lawrence Summers, chief economic adviser to the White House, by DE Shaw, the hedge fund, in the two years before he joined the administration.
The disclosures come during a complicated time for the relationship between the Obama administration and business, with officials accused of being too close to companies on the one hand and encountering increased criticism from business lobby groups on the other.
The US Chamber of Commerce yesterday launched its “campaign for free enterprise”, arguing the private sector was under threat from various over-reaching government plans, including for a Consumer Financial Protection Agency and a cap-and-trade scheme to reduce carbon emissions.

Dollar falls to 14-month low after Fed signals no rise in rates soon
Minutes show support for new asset purchases
By Krishna Guha in Washington
The dollar fell yesterday after minutes from the Federal Reserve’s last policy meeting showed that some committee members favoured increased purchases of assets such as mortgage-backed securities to speed recovery.
While the committee simply agreed to keep open the option of either expanding or reducing the purchases if the economic outlook changed, only one policymaker made the case for scaling back buying – leaving an overall doveish skew.
This tone was echoed in the discussion of inflation. Most Fed officials “anticipated that slack in both labour and product markets would be substantial over the next few years, leading to subdued and potentially declining wage and price inflation.”
They agreed that inflation expectations needed to be “carefully monitored” but indicated that they would seek to manage these expectations by building confidence in their exit strategy, rather than by raising rates preemptively.
With inflation fears muted and forecasts of protracted high unemployment, the minutes suggest that the Fed is still a long way from raising interest rates. This undermined the dollar, which fell to a 14-month low on a trade-weighted basis.
The minutes confirm that the US central bank is examining “reverse repurchase agreements on a large scale, potentially with counterparties other than the primary dealers” as a possible way to mop up excess liquidity when the time comes to tighten policy. The other counterparties envisaged prominently include money market mutual funds.
The minutes also show that the Fed viewed the decline in Treasury yields as “puzzling” given the improved economic outlook. Fed staff economists raised their forecast for the second half and projected that growth would strengthen further in 2010 and in 2011. They “forecast core inflation to slow somewhat further over the next two years from the pace of the first half of 2009.” They thought unemployment would be about 9.25 per cent at the end of 2010 and about 8 per cent at the end of 2011.
The minutes show that many Fed policymakers also raised their growth forecasts. But many still expected the recovery to be “quite restrained” – in part, because credit “remained difficult to obtain and costly”.
They also “expressed considerable uncertainty about the likely strength of the upturn” once government supports were withdrawn.


So lets put this all together for those who can't actually see the PONZI scheme. The big banks are making huge profits again and folks are getting their bonuses. But they are cutting back giving out credit, so the money is being made by trading. Even though this is happening, it is too early to tighten rates so the big banks would actually have to pay for the money from the discount window to buy assets. This of course allows for huge leverage of asset price purchases for nothing. Thus really only benefiting people who own lots of stocks. In fact even though they are making profits the fed is going to keep buying their toxic assets with your tax money. Meanwhile your dollar in your savings account has dropped to a 14 month low and you aren't getting any interest to make up for it.

Now we add to that a President who said certain things during his election that turned out to be complete lies. Instead he appoints the head of the NY fed, who lies and said he has never worked on wall street (yet working for the NY fed is the same as working for wall street). Well what would you expect he is a tax cheat. To avoid appear as the out right liars they are and to avoid senate confirmation issues he appoints counselors who have made their money on wall street. "Back door appointments".

Lastly with their unlimited financial power and inherent advantage due to lobby money the American chamber of commerce starts a propaganda campaign to ensure that any and all reform efforts that would actually help the majority of people don't get enacted. This way our liar of a president can claim he got the bills done and had to make concessions to the right, when his treasury has been bought and paid for all the time. See the great majority of what you see is theater for your consumption designed to prevent you from putting two and two together. All along the White house was going to give industry what they wanted (because they have been bought and paid for). Industry fights a campaign of extreme positions asking for much more than they want. Then the president can claim victory for the little guy when he is getting nothing.

You see folks, the whole system is designed against you. This isn't democracy. It is a fictional theater designed to make you ever poorer while the wealthy stay in power and get richer at your expense.

For those people who call the folks bringing their fire arms to meet their elected representatives "crazy", well they aren't they are the rational ones who see what is going on and are tired of it. Does anyone really have the balls to say that our government is a legitimate representative democracy. It isn't.

When Will Deflation Turn Into Inflation? (And How Quickly?)

Because our Fed was so great they were the first to lower interest rates and in theory were were therfore going to be leading the recovery and therefore we would be early raisers. Well we knw that isn't happening. I will be you almost anything we be the alst to raise as we have the most structural issues to overcome and instead of dealing with those difficult issues we will just ensure the fed kills the dollar. This has been the clear long term plan for so long now I can't even talk about it.

When Will Deflation Turn Into Inflation? (And How Quickly?)

On a trade weighted basis the dollar is back to wear it was before the crisis. Shortly before that it was at historic lows. As it keeps dropping we are going to have inflation. in 6 months the dollar buys 11% less on a trade weighted basis. As far as I am concerned that is the same to me as 11% inflation. I care little for year over year measurements esp as just a short while ago oil as at an all time high. to compare outlier prices is a sham. We are in an overall inflationary cycle that brought us a small window of deflation. It is over and has been over for months. the market can do what it wants, but it would have turned inflationary well before if Bill Gross hadn't lined up behind the treasury to buy treasuries. That action was simply traders/ banks doing what they always do (which is pusing prices to the extreme) before making the turn. Wall street was also incentivized to do the trade as is allows them to unload excess housing at lower interest rates and maintain the false value of their housing inventory. We are aslo giving banks unlimited free money to buy treasuries so they can help themselves by keeping long term rates artificially low.

Inflation never went away, just the price of increases has slown. I have asked at least 30 people lately about their personal experiences with inflation and not one has said they are going down. The governement has told us before we weren't having inflation when everyone knew it was there. Why should this be any different. Inflation serves the interest of the banksters and our government a bit too much for the to be honest it. Take a look at DBA. we lost 10 years of stock earnings and this dropped two years at most. That isn't real deflation after a historic run of inflation by any means. Talk to me when prices get back to where they were five years ago and I'l say we are having deflation. (only housing).

You can't have deflation in an ever dropping currency, and the dollar fundamantals says it is going to keep heading down for a long time on a long term basis. Just the same way it has been happening for the past decade or so.

Is There Really a Global 'Cabal' Aiming to Dump the Dollar?

after reading many posts of yours I have decided you are a total loser. I have read so many posts of thing going up and then crashing, etc. You also post the same thing over and over. Looser. you remind me of cetin. do some work, make unique posts and stop posting how great you are. I recall the TBT posts, etc. UGH.

I hate to tell you this but australia raised interest rates, now lowered them.

the dollar bulls drive me crazy because all they do is cloud the game and prevent people from taking the the clear trade, which is agais the dollar. the dollar has been going down for years and years except in times of stress and when volker did something about it. Bernanke is going to ruin the dollar and try to drive in inflation to bail his wall street buddies out. It has been clear from day one this is his plan, because his actions make no other sense. If it is taking you this long to decide to get out of the dollr you are clearly behind the curve. as for the deflation assholes, tell me how you can have deflation in an ever dropping currency. Just look at the structural problems we have, and then look at the lies our government tells. Oh, our unemployement numbers were wrong by 800 plus K, oh, our inflation numbers are wrong. I have now asked 50 regular people if they see inflation or deflation all say inflation. Nothing is decreasing in price. You fools believe what you want. we are likely to have major problems in the future and I would advise a study of the french revolution, because everything we are going through has happen over and over again in the past 800 years (see new book by Rogoff). this isn't a topic for speculators, the history is already written, it is only the path we take to get there that is uncertain. Esp with the crooks we have in Fed, treasury, white house, and wall street there.


On Oct 06 02:00 PM Mad Hedge Fund Trader wrote:

> asg Of course you knew it was going to happen like this. After churning
> around just below the old high, and sucking in as many profit takers
> and short sellers as possible, gold blasted through to a new high
> for the year of $1,038. Never mind that the triggering event is complete
> balderdash, a story in Britain’s Independent newspaper asserting
> that the Middle East is holding secret global talks to price crude
> in the yellow metal or other currencies (click here for story at
> www.independent.co.uk/...
> ). It didn’t hurt that Australia cut its interest rates by 0.25%,
> the first G-20 country to do so. There probably isn’t enough gold
> in the world to finance more than a few weeks of global oil production.
> Total gold holdings would only fill two Olympic sized swimming pools.
> But never let the truth get in the way of a good trade. The confirming
> moves couldn’t be more ubiquitous, with the Canadian, New Zealand,
> and Australian dollars all up big, commodities strong, and silver
> also going ballistic. Regular readers will all recognize these as
> old friends of mine, core longs that I have been strongly recommending
> since the beginning of the year. I have been trying to get investors
> into gold since it was at $800. If you aren’t in gold by now, I can
> only tear my own clothes and flagellate myself for my abject failure
> to convince you of gold’s merits. US government debt is exploding,
> and with foreigners holding a large part of our paper, the only way
> to get out of this mess is to devalue the dollar. It’s like Obama
> invited China’s president Hu Jintao to dinner at an expensive Upper
> East Side restaurant, and was suddenly called away by a crisis, leaving
> him with a big fat bill. Next stop $1,200, then $1,500, then the
> old inflation adjusted high of $2,400. If you want me to help you
> get set up to trade futures in any of this stuff, please email me
> at madhedgefundtrader@yah... If you want to know where to buy physical
> gold and silver in size with the tightest spreads over spot, check
> with the experts at www.millenniummetals.net

Is There Really a Global 'Cabal' Aiming to Dump the Dollar?

af


On Oct 06 02:00 PM Mad Hedge Fund Trader wrote:

> asg Of course you knew it was going to happen like this. After churning
> around just below the old high, and sucking in as many profit takers
> and short sellers as possible, gold blasted through to a new high
> for the year of $1,038. Never mind that the triggering event is complete
> balderdash, a story in Britain’s Independent newspaper asserting
> that the Middle East is holding secret global talks to price crude
> in the yellow metal or other currencies (click here for story at
> www.independent.co.uk/...
> ). It didn’t hurt that Australia cut its interest rates by 0.25%,
> the first G-20 country to do so. There probably isn’t enough gold
> in the world to finance more than a few weeks of global oil production.
> Total gold holdings would only fill two Olympic sized swimming pools.
> But never let the truth get in the way of a good trade. The confirming
> moves couldn’t be more ubiquitous, with the Canadian, New Zealand,
> and Australian dollars all up big, commodities strong, and silver
> also going ballistic. Regular readers will all recognize these as
> old friends of mine, core longs that I have been strongly recommending
> since the beginning of the year. I have been trying to get investors
> into gold since it was at $800. If you aren’t in gold by now, I can
> only tear my own clothes and flagellate myself for my abject failure
> to convince you of gold’s merits. US government debt is exploding,
> and with foreigners holding a large part of our paper, the only way
> to get out of this mess is to devalue the dollar. It’s like Obama
> invited China’s president Hu Jintao to dinner at an expensive Upper
> East Side restaurant, and was suddenly called away by a crisis, leaving
> him with a big fat bill. Next stop $1,200, then $1,500, then the
> old inflation adjusted high of $2,400. If you want me to help you
> get set up to trade futures in any of this stuff, please email me
> at madhedgefundtrader@yah... If you want to know where to buy physical
> gold and silver in size with the tightest spreads over spot, check
> with the experts at www.millenniummetals.net

Today in Commodities: Will PPI and CPI Tell the Truth About Inflation?

I would add that i consider it confirmation with bond behavior today. clearly bonds and atocks at disassocited, but bonds and certain commodites are not. perhaps that is the better method of looking at bind price behavior not stocks.


On Sep 14 06:35 PM dcb wrote:

> I'm doing th oppposite of what you adise. only time will tell. ag
> (dba) is at ling term support and there are drought in india mexio.
> plus MACD is turning pos, and rsi indicates a buy signal.

Today in Commodities: Will PPI and CPI Tell the Truth About Inflation?

I'm doing th oppposite of what you adise. only time will tell. ag (dba) is at ling term support and there are drought in india mexio. plus MACD is turning pos, and rsi indicates a buy signal.