ETETET

What's Up with Gold Inventories?

India beating China in buying gold? Are you kidding? China doesn't like to tell the world up front what he's upto. It's buying large quantity of gold constantly with its USD reserve while purchasing only short-term US bonds. It certainly has bought more gold recently many times over than India does. This is why gold doesn't go down and USD keeps falling.

Opportunities for Both Shorts and Longs in Natural Gas

I think it's better to go long on short squeeze than shorting NG during short-term oversupplies.

Natural Gas Has Spiked 60% Since Labor Day. Why?

Dian, Thanks for the contrarian view.

Rough Times Ahead for Natural Gas

Record low NG prices start forcing smaller/ highly leveraged companies into filing for bankrupcies. If prices stay low, the situation for gas producers will get worse. Storage vol. may gradually decline because of fewer producers, involuntary cut back on production, or an increase in consumption.

www.statejournal.com/s...

Crude Oil Soars

I also don't believe the lower inventory news. It's full of crap. Today's oil looks more like short covering than the real thing. They may short it afterwards though.

Crude Oil: Where to Next?

Hey John, your prediction of an unsustainable oil rally has become reality today. How far do you think oil will dip before the next rally? Thx

Will the S&P Hold 879?

All bull market begins with shitty data. We may not see significant bottom but instead range bound consolidation pattern.


On Jul 12 12:13 PM Mad Hedge Fund Trader wrote:

> Nope. Every once in a while I stumble across a chart which is so
> clear, so vivid, so unequivocal in its implications, that it lifts
> the investment fog. This is that chart. Drawn up by stockchart.com’s
> Arthur Hill (see www.madhedgefundtrader...
> ), it shows that we are going to spend the rest of our summer probing
> for the bottom right hand shoulder in a screamingly obvious “head
> and shoulders” pattern. It gives a range of possible bottoms from
> 850 all the way down to 666 by the end of August. The chart fits
> my own fundamental scenario like a hand in Michael Jackson’s glove
> (see “The Worm Has Finally Turned” at www.madhedgefundtrader...
> ). Soaring unemployment, terrible earnings reports, collapsing commodity
> prices, a catatonic consumer, real estate of every flavor in free
> fall, and tidal waves of government spending are not what bull markets
> are made of. Did I mention the weather is terrible? Every feeble,
> half hearted, low volume rally we saw this week pushed us closer
> to the edge of the cliff. The charts of every stock and commodity
> market in the world, rolling over in lockstep like a thirties Busby
> Berkeley musical, gives you all the smoking gun confirmation you
> need. Hold on to those shorts as if your life depended on it.

Barron’s Confidence Index Indicates Bottoming for Equities

I don't think so. ur chance is less than 50%


On Jul 04 02:58 AM Peter Cooper wrote:

> Confidence ahead of reality surely indicates a market fall not an
> rise?
> Shorting the S&P 500 looks like the best trade to me right now,
> see:
> arabianmoney.net/2009/.../

Barron’s Confidence Index Indicates Bottoming for Equities

I don't think so. your chance of winning is less than 50%.


On Jul 04 02:58 AM Peter Cooper wrote:

> Confidence ahead of reality surely indicates a market fall not an
> rise?
> Shorting the S&P 500 looks like the best trade to me right now,
> see:
> arabianmoney.net/2009/.../

Wednesday Closing Update

Beware of the bull trap!