Archive - Oct 2013 - Blog entry

No one and I mean NO ONE would place an order like this. It simply doesn’t happen. Anyone who is trying to unload a position of this size would do it in chunks over a period of time in order to not push the price sharply lower.

We all know that it’s not actually the message that is important but the way that the words are interpreted by those reading them. Never has that been more important than with Twitter. You only get 140 characters, which might be too much when we read some of the comments on there. But, for others it’s far from enough. Traders look like they could be needing a few more pages to get the full picture. Just a few days ago traders made a mistake when they read the tweet posted by the Israeli army on October 10th 2013.

Remember how we were told time and again that Europe was saved? Remember how repeatedly we were told that the European Central Bank (ECB) would do “whatever it takes” to fix things? Turns out all of that was a total load of BS.

Stunning Facts that Your History, Economics and Business Teachers Never Learned ...

Gold imports have virtually dried up in India. Battling a high trade deficit, the country has set the import duty on the precious metal at a record 10%.

"Maybe the Indians will get lucky and win their country back. Probably wouldn't want it. Look at what we did to it."--George Carlin

So the debt ceiling “we’re going to run out of money and the world ends” talk is not accurate. What is accurate is that playing games with your debt limits impacts other investors’ psychologies. And THAT is the real issue here.

Commodities are no longer on investors’ radar screens. Various signals, however, are pointing to a new rally within the commodities super cycle.

It’s a Myth that the U.S. Has Never Defaulted On Its Debt

Under the Big M...

Big picture and dispassionate discussion.  

Don't Drone Me Bro!

Hong Kong's richest are busy offloading local assets which institutions are happy to buy. It's exhibit A why institutional money often represents dumb money. 

It may seem counter-intuitive but the US dollar appreciated last week, despite the partial closure of the Federal government, the heightened risk of default and the nomination of Yellen.  The dollar can move higher next week too.  

Bipartisan Proposal Would Substantially Reduce Budget Crisis