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Afterhours Slide Accelerates
In a notable shift from the traditional regime observed over the past year when the afterhours session would regularly see a quiet, persistent melt up, primarily in equities, post close of electronic trading recently has been all but traditional. As can be seen on the chart below, after an attempt to ramp equities into the regular close, ES is now back to the lows of the day, where it is joined by Crude and soon- the EURUSD, which leads us to believe that the front and center story today, which was Europe until the S&P escapade, is once again in focus. The weakness is not isolated to any particular asset class, and while gold saw no sell off following the S&P move earlier, precious metals are not spared now. Curiously, the only class that refuses to budge are LT bonds: the 10 Year has been locked at the 3.37% number since closing and is hardly moving.
On a relative basis, the dollar is currently leading the pack, with the DXY performing best, followed by the Trade Weighted, Asian DXY, and curiously enough, outperforming both silver and gold for once.
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"You're in fine health; have another cigarette!"
Thanks, don't mind if I do!
I want my Cigarettes Nurse Ratchet!!
Charlie Sheen should go on tour with Jesse Ventura. The 9/11 stuff talked about would be epic.
Jesse Ventura on What the Government Doesn't Want You to Know
http://www.youtube.com/watch?v=PkXi67TQ3PM&feature=channel_video_title
Hmmm Charlie Sheen compared to Jesse Ventura? Charlie seems to lose braincells every day, while Jesse seems to gain some. :-)
Great movie -, great book , One Flew Over The Cuckoo's Nest - written by an acid head .
Jack would say the Ten year hold is the Bernanke Put hard at work again . Working towards its own destruction
There are many sheeple around that listen to the government. They keep getting it wrong and are against us. I would recommend listening to truth warriors that keep getting it right like http://www.forecastfortomorrow.com I been listening to them and they called the stockmarket crash and economic collapse coming many years ago.
Thank god for people reading this blog too. It is a blessing.
Sir. (posthumonously) if you would just give up on the right shifting registars you might be a knight some day.
http://en.wikipedia.org/wiki/Ernest_Shackleton
On a personal note to Ben. Alan did what he did. A cowboy from texas was in power. Do not train Timmay this way.
Just lit a Pall Mall Menthol. Picking up a 'tini and
Cheers!
Sips and ganders his own rocks. Life is tasty ripping and reweaving mink and silver fox.
For Gods' sake when does the autoexphiation stop and the real actors show their junk?
Don't talk of dust and roses
or should we powder our noses
don't give me last years caper
give me steel, give me steel
Just lit a Pall Mall Menthol. Picking up a 'tini and
Cheers!
Sips and ganders his own rocks. Life is tasty ripping and reweaving mink and silver fox.
For Gods' sake when does the autoasphyxiation stop and the real actors show their junk?
Don't talk of dust and roses
or should we powder our noses
don't give me last years caper
give me steel, give me steel
this pinned 10 yr wouldnt have anything to do with the feds jp morgan deals as revealed by tyler a coupla days ago would it?
But EURUSD seems to have stabilized. Guess the race to the bottom is still on.
Though why the Yen isn't glowing in the dark yet, remains a mystery.
This weekend's post suggests the 30yr is being supported by the Fed selling cheap puts. How long can they do that? With a good printing press why can't they do it forever? I expected the midlength bonds to drop after the S$P anouncement, but I didn't see it. ??? Won't dip my toes in those waters until I understand the flows.
Hear ya. TBT has been dead lately, but 50 + cents can be had off TMV.
And the whisper of deflation comes back into the markets...
you mean whisper of stock bear market comes back into the markets. Deflation means tighting, nothing else.
Off topic but interesting development: Registered an auto today in Volusia County Fl for my daughter and the county no longer takes VISA CARDS for payment. Cash, checks other credit cards ok...what's with this???
BTW, in Fl each county issues registration/tags and collects the money which is then remitted to the state which sends title in the mail.
Similiar issues here in Indiana, wifes visa CC denied at a family dollar,maybe dollar general, can't remember. but they said they would only accept a "debit card, or prepaid card only" no credit cards. something about the costs of the transaction being to high to continue accepting "credit cards"
im really not sure tho. i just found it funny..i won't don't use credit so all my cards are prepaid. But it does make me worry for the wife if she ever had car issues on when outa town. not being sure her cc would be accepted.
yup, this is how this started last time. LIBOR locked, congress met, market tanked.
US Banks Reporting Phantom Income on $1.4 Trillion Delinquent Mortgages
Intel reporting 11 plus billion a quarter earnings on some number less than 8 billion of actual sales.Personally I don't think they pull off over 15 billion a year of actual sales with a 5 billion darpa, nasa, nsa, padding.
Microsoft reporting 24 million xboxes sold. No matter what crap they come out they keep saying 8 million people bought it. Halo reach 8 million. Kinect 8 million. Now trying to claim windows 7 has overtaken xp in installed base.
Apple reports 43 millon phone sales in 2010. AT&T reports 15 million connections. Nobody else who services those phones can even come up with a few million more. Orange just fucking blew thier phone initialization process yet it wasn't a big deal because of so few customers. So either there's some weird place not accessable on the planet that pickes up the other 25 million or there's some sort of freaky apple cult that phreak into phone world without a service contract or 25 million people bought it and threw it in a drawer.
Electronics sales full of shit. Auto sales full of shit. Bullet and gun sales. Now they ain't making that shit up. Mortgage backed securitys. Double triple who knows how many x counting going on at freddie fannie.
...and the great cliff dive to the bottom resumes.
Acapulco, bitchez!
Dollars, bitches!
DXY has been flat since it peaked going into the close. The dollar has a little leverage to work with, but why would anyone compare one cooked goose with any other. Yuan, Euro, Pound, Yen, these fiats are all worthless debt instruments in a time when governments can only pretend that they are stable. All governments will be downgraded, and with them, their worthless currentsea.
The Euro is better then any other of those currencies yet its the whipping boy. Europe is a net creditor for fuck sakes
I lent my crackhead alcoholic unemployed nephew a few grand last month, that's why I'm so confident about my financial security.
After hours music:
http://vimeo.com/6369755
http://www.youtube.com/watch?v=6rirMIpU308&feature=related
Naw...
Up one
you call that music...........what shite
bitch pleeaassse.
that's the best dj that has ever lived
gotta agreee with da dog dat shite sorry. albertking, stevie ray, waylon,etc etc etc
Nothing else makes sense ...
http://www.youtube.com/watch?v=jQYQTFudrqc
This is better:
http://www.youtube.com/watch?v=VgNeBNMJFZs
I go to concerts just about every weekend and hand out material promoting the liberty movement.
Recently, after the recent concerts I attended (outside the venue after the shows), I have been handing out copies of Fall of the Republic (love or hate Alex, great explanation of the crimes of the Federal Reserve + Max Keiser ownz). On the DVD sleeve I write zerohedge[dot]com!
The kids at the Acacia Strain show, a few months back took particular interest in the DVDs I was handing out. I got a few, "Ron Paul for President!", "Obama is a stooge", "The Federal Reserve is going down!", etc.
People are waking up just not slow fast enough for my personal liking, :/
After hours Music
...( read video comments, people are waking up :),
Nothing but hatred and distrust for the entire f***iing Human Race!
http://www.youtube.com/watch?v=BwVap8x64As
SPXU bitches!
No need to swear, and XU, too!
Yikes.
I guess if you liked that butterfly ES/10yr compression trade this afternoon...
TMV, or whatever that crap I jumped in is called. After all, butterflies are free.
More blonde redhead:
http://www.youtube.com/watch?v=FP2YYc39_TA&feature=related
i told tyler i would go along with his white scarf mitsubishi zero dive. just trying to get along w/ the psycho; i'm sure he'll publish how soon we got stopped out and how little we lost, here in a few minutes. tyler? tyler?
As a holder exclusively of PMs , my HOPE is that the dollar rallies here. It will be like metadone for the heroin addict. Gradually, the addict will understand that the only cure is cold turkey. Most will never embrace this and die in the street. Others will eventually after years of relapse shift into stuff with real value. As they do, those who shifted earlier will welcome them and ask 'how much if I add fries.'
I like it I like it a lot
methadone
If I can still focus, so should you.
I (heart) my Ag.
I am a fiat speller, so in the words of Ben B, deal with it.
+ LOL! "It's never enough" ~ Pet Shop Boys.
Central Planning is all about counteracting the negative effects of Central Planning. The more Central Planning there is, the more need for Central Planning.
Pay as much as you want. Fries won't exist then.
...FRIED TO A CRISP.
As the investment bank(s) uses the opportunity to build / fatten up silver positions... Its possible the retail investor is left totally in the dust these next move(s)
PM's are gona get whacked.
I have stated I have no position (closed out of silver), I think they are getting whacked
I have a strong position in NatGas
Too many tacos?
I don't buy things @ highs. I could very well miss out on the next 5,10,15,20%.
I'll step out and buy and buy oversold commodities and buy back into PM's when they sell off. If the PM's don't sell off than I guess I will miss out on the sick rip.
Well you either have faith or you don't. I understand your position though, and partly agree, however when you know where the end of the road leads down a certain path, why bother taking it when you know it isn't where you want to be?
Hopefully that makes sense of why I choose to hold in the face of such moves that would shake out weaker hands than myself.
Good on you.
I'm a terrible market timer. I hope you're right.
Don't dive out the window when the comex defaults, dollar collapses, msm sheeple start trying to get physical and 15-1 au ag returns. I'll be swimming in maples with a silver speedo watching Rome burn. $1,000 an ounce or bust bitches!
He fraked them into taco salad and it released a hot sauce channel that posioned the well.
Weak hand... if this was poker I'd say fold it.
Sounds like you've self admittedly taken a couple whacks yourself!
I think this is a head fake. It is impossible to tell either way yet in my opinion, and no doubt it certianly looks like the trend is shifting I have doubts about how long this is going to continue.
We shall see what the Bernake says when it gets a little to hot in the Kitchen for the likings of bankstas. Would you bet for or against the Bernake put? I say for.
With you, BB. If it were for real, close would have been under 1300.
Asia has been selling gas all session. USD is gonna be bid for a shortwhile. looking at gas calls on dip buying, but if china cruches which could be now (re: HK prop, Chin prop markets getting killed). shorts will pile up on commods
Yup. PM's will get whacked, but I think it's just a temporary reprieve. No QE3 and fed raising rates = PM whack-a-mole. I'm keeping my metals though b/c I think fiat is doomed.
Whack away! I am a fiat system parasite and will only add to my position on dips with your free dollars as you 'tilt at (new tech) windmills.' I don;t want a fiat collapse, I want a long war of attrition where fiats fight too long and consign themnselves to being enslaved by value!
Hehehe.
I think.the top.is at the end of qe2.
So of course that means we already topped.
Sulu, set course for value.
man, you guy at this site are the woirst charters in the known universe. I have even thought to write ZH asking why there are no goode artivles on the long bond, and what the yeild on long bonds means for equities, esp if you draw trendlines. based on where the long bond was, shich as all the way back to long term up down trendline, and where equities were (way above this trend line) if it indocated some signal. I have also been writing my friend about how th elong bhond doesn't seem to buy into the rally. Nothing from ZH at all and usually you'd pick up on this
(junked for really crappy spelling - come back when you finish kindergarten)
(double junked for not knowing yields are manipulated)
edit: see TD got you while I was deciphering your missive
uh... what?
btw did you read the piece on the Fed selling puts on the long bond from the weekend that got about 35k reads?
35k out of 6.8 billion people. Educating the masses seems futile.
Dont be too hard on the guy. S&P/world obviously missed the article as well. 'Negative outlooks' are g . . whimpy. Bring on the downgrades!
the masses are in a Mc Donalds induced comma.
+ $1.99
McNuggets, bitchez!
...and if you eat too much of that Mc D's, it'll clog your semicolon ;)
LOL
Or on their couches watching "the news".
"Nothing from ZH at all and usually you'd pick up on this"
You might pick up on this too once sobered up!
+1
++1
Never post while drunk.
Charting?!?
Shit, this is the WORST celebrity gossip site I've ever been to!
Do not tempt us. I am working on a deal with vegas that if I can predict what the money honeys are wearing 2 days in advance on CNBC, I can actually afford the cable package with bloomberg. I hear the hotties are hotter over there.
What a micro look at a macro market, did you come up with these observations all on your very own? And to think, you just started looking at the markets today and have extrapolated such deep, far reaching and suicidal conclusions. Amazing. All I can say is that your mother must be proud,... because I don't think anyone else is, nor are they impressed.
son, go and play with your balls.
LOL at goldman and facebook.
Facebook is on yahoo video right now talking about how people are video taping their robberies and posting it on facebook and finding criminals.
"I was sickly. I was dying of the cancer. And I logged onto to facebook and in less than 10 minutes i was healed." Testimonial
"I was wearing really ugly straight leg jeans. Then I logged onto facebook and they started flairing and bell bottoming in seconds."
"I was broke. My company was broke. My city was broke. My country was broke. But we all logged onto facebook and now we is millionaires."
http://www.youtube.com/watch?v=BD2kWCfTcaU
DOW bearish megaphone weekly chart:
http://stockmarket618.files.wordpress.com/2011/04/2011-04-16_dow-wk_x.png
Still waiting for that down move in gold and silver.
EURUSD not collapsing, though hope still springs. Later.
It's accumulating volume like Elvis on a toilet seat.
that might be the funniest thing i've read in a long long time
+100
Gold is doing fine. Platinum barely moved, and platinum is usually the one with the most volatility. That says something to the tune of, 'running out of options'. Silver got whipsawed today because the oilgarchs need leverage to continue their upper handed control of finance, and the COMEX is still pretending they have silver, or rather, we are still pretending they have silver.
Buy low sell high is now for algos, not people, and these machines can flip a trade best in, oh, 15 minutes. I (sarc on) am sure the confidence in the fiat ponzi will continue to have the dollar doing "best". (Sarc off) As far as compared to what, well, let us keep our eyes glued on the horses, as this race is about to go into the stretch. Which will win? The three legged Euro, the dead and bloated dollar, or gold, which happens to sit in the house vault of every single cheeky central bank in the world.
Oh Mr. Lennon,
You're on to something with the horse race analogy. I grew up in a racetrack town. Dirty business with lowlife people. The owners get all dolled up, looking respectable. Then you've got the trainers (who will do anything), the jockeys, hot walkers, exercise riders. The horses all look good, but they're mostly drugged up and abused, just like the jockeys. Then you've got folks who show up to bet. I'm not sure who's worse, the owners in the box seats or the losers in the grand stands. Anyway, I'm betting on gold. It's a mudder.
Dats right, when its rainin and dem tracks get sloppy. Fine yousef a big hoss wid dem Clydesdale feets.
Anyone have a target for just how low they're willing to let the markets sink to make their point concerning QE3?
I'm thinking S&P to 1100; place your bets, gents.
We saw the low of the year a few weeks ago at 1244. We won't even get close to that again.
Lets see. Trend is a trend, and it's down currently.
Sink? QE makes no sense at all if markets are allowed to sink when it's withdrawn. We will 'QE' until the economy catches up which is to say that we will QE until cold fusion -- or some other super cool as of yet unattainable reality -- is discovered.
This is the ultimate blackjack strategy where you keep doubling your bets every time you lose until . . . presto, you win it all back in one hand. That 'one hand" will be like the rapture, aliens landing, nirvanna, 21 virgins all olled into one . . . man will it be great then!! Just hang in there.
1200 when the talk gets serious
But it may still drop to 1000 to 1100 before turning.
That's what my crystal balz are telling me.
I wish they would shut up and let me get some sleep.
That is what most want to know here - timing. No idea.
But love this band - thing they no longer exist. Made me homesick for something that is no longer there:
http://www.youtube.com/watch?v=yStaY9BuF3s
Silver is down 50 cents and rebounding right now. Happy Tuesday is the best day of the week to buy Silver according to analysis of all days.
BTFD.
oh and unlike the pimco dude I have been buying the long bond, and started on the dips way back in feb. now my tbt has been hedged with long bond purchases, but gross caused me to hold on my stop loss, and tbt look to me like a head and shoulders formation. KNow matter what, since I have a large bond portfolio I do have but stops in place in case something bad happens so at least I am kind of hedged. I think whenever tyler talks about the "record" spread between long and short yeilds may it is a good time to buy some bonds, as the curve should flatten and near term inflation expecatation or high, so long bonds will do better. they also say to buy bonds when there is a good amount of inflation.
Now, I have always been in the inflation camp!!!!, but unlike pimco I see the end of qe making the long bond the best bet., with some tbt buy stops as hedges just in case crap hits the fan.
My mistake always seems to be listening to the pundits instead of doing my own trading
Wow, would you consider running for President?
All this S&P US rating decline, debt ceiling and the Saudi supply cut is just a showboat for higher UST yields. PIMCO will be back when they get their 200 bps.
There's some inflation for ya.
The second this was posted, the "acceleration" stopped.
Duh! Mr. Market knows not to fuck with TD. Until he calls it it is not observed, then it changes!
Aah...the quantum cat in a box.
It is neither cat nor noncat until observed, but as.soon as you
Yell cat, then the magician of the.universe changes it to noncat, just to mess with your credibility.
With the markets focused on every word tyler says in order to prove him wrong, then tyler really is da man.
The more often he is wrong merely proves his incredible power and influence.
Right, much like Fed sponsored treasury put premiums; the higher the default risk the greater the premium revenue. (For the irony alone I presume that that too could be remitted to the Treasury, after all we would not want that balance sheet to grow)
It's cosmic baby, the higher the default risk the less is the risk of default.
I need a tissue.
the no nothings in gold and silver come out a barking
a 6 to 10 dollar move and they swarm like lizards on the day light beach,
looking for crumbs as they missed the run from 300 to 1200,, now they are the arbiters of the universe ,, looking for a nickle here a nickle their in their paper costumes of punk the tail on the donkey ,
and the continual dribble of mouth that comes from excess brain damage or living in purple bubbles of keynesian thought control
the buzzing masses like the wildebeest herds of African late to the dance now taking the pick of the uglys
So if you rode it from 300 and sold out at 1300 ish what should you.do?
I banged de pretty girl hard. Now it is a bunch of uglies whether long or short. You seriously continuing to buy gold and silver right now?
Yeah i sorta regret not staying in a big position longer, but i will be damned if i am going back to the party now.
And before you know it, futures have been heading north since that low when you posted this. Thanks for the contrarian indicator as always. With some housing starts even close to consensus, tomorrow is a guaranteed up day for the markets. Unless, of course, that raditation cloud that isn't even making Tokyo show elevated levels of radiation, miraculously multiplies over the Pacific and destroys the West Coast. Too funny!
I like to rag on da man too, every once in a while, but he gets a few right.
Every coal mine needs a canary.
QE 2 to stop ,, like a tit on a spider
as sinclair says
You know that even consideration of curtailing QE because of political pressure would create a collapse of such magnitude it would make the 1930s look like a picnic at the park
That would be a great time to buy.
No one can rationally or intuitively understand the zero bound except a few economists. Governments are still tight when they think they are running loose, and they look at speculators opinions of inflation and scream inflation is here just because a bunch of bozos have run up cotton.
Then they get scared at peaks. We all do, as we think the trend will continue indefinitely. Tightening noises are made, or at least failure to loosen further and boom.....
All of a sudden we are staring at the opposite trend and begging ben for qe3 to save us from deflation.
I will see you.closer to the bottom of this next cycle before i go superlong again.
I propose a new term for the seemingly benign and equally insidious Fed chosen QE. I suggest Currency Devaluation or CD (seeing as no one uses them anymore, I don't think this term will be mistaken for Certificates of Deposit.) I also hate it when a number is put after it, like it will only happen twice and has some kind of finite duration. We are all slave enough to the Fed. We don't need to reinforce their spin.
Jim Grant wanted to call it money printing but even that has a weird positive connotation to idiots like Liesman who think that ability somehow makes us great.
Time limited currency has been considered a solution at the zero bound.
Sad, but true. You would think all those MIT guys at the Fed would know the difference between the journey of "zero bound" and finality of zero. Maybe they just dont give a crap.
http://www.bloomberg.com/news/2011-04-19/bernanke-may-reinvest-maturing-debt-to-avoid-cold-turkey-end-to-stimulus.html
And . . . so CD 3 begins.
April/May seasonal correction, what we need now is a exterme flash crash - say EZ imploding, China imploding and the US imploding and finally Japan collapsing on bond oversupply and inflation.
But but but..they used the words "Robust" and "Self-sustaining" (or self-staining, I can't remember) and "Broadening" and "Teflon Bull" (or pile of teflon bull).
How can this be? Is the economy or is it not "Robust"? Or did they say "Rob_us"?
anyone looking for EUR buys...if Finland starts blocking EZ bailouts and bond buyins, and the wealthy Scandinavians join the chorus + germany. it's sell
Off topic but important: Ron Paul just posted on facebook about his amazement (and praise) of silver going from $11 to $42 in 2 years. Screenshot here:
http://i52.tinypic.com/2d82cmo.jpg
It took that old fart 2 years to find the AOL search that showed silver price history again...
Spain is gone, lets see if the ECB wants an oil inflation wipeout and buys on more Spanish junk. get ready for EUR long liquidation
SPains monday bond flop
*bid to cover ratio (1.6 vs 2.4 prev) and higher yields (1.77% vs 2.128%).
MARK to Market! Reality!
IF you actually possess US gold and silver coins and FRN's and some relevant supplies and toys, and are out of debt, you are sitting in the freaking cat bird seat par excellence. you may experience a mark-to-market "loss" but since you do NOT mark-to-market for any reason, wtf, who cares? you are holding your wealth in ounces; you do not have Uncle Sugar for a "partner" in any tax-deferred schemes; you have paid your taxes and fees; you are an army of one. be at ease.
fuk the banks; fuk the brokers; fuk the games; fuk the casinos. you are free, clear, and long US gold & silver coins. or, you are absolutely fuked, no matter if you are "winning" on 3 triple-lindys right now, even. you may be kickin paper ass, but you can not survive these clusterflux any longer with paper. even paper PMs.
if the central banksters do their jobs right, they fade everything. really. napoleon and wellington. the english, the french and the prussians. all political candidates get loved to pieces! these geniuses line their pockets with the sorrow of whoever, no matter what. they're banksters, for pete's sake!
the FED doesn't give a rat's ass (sorry, mom!) either way, does it? it can print = more QE or it can stop = goobermint better start sending asswipe paycheck liabilities home ASAP or start bouncing Treasury checks. the FED gave everybody 3 freaking YEARS to get their shit rolled tight. maybe PMs aren't the only way to do that, but slewie is pretty fuking sure they are about the only fuking way for john & mary doe/sixpak to soldier up and survive this insanity.
and it seems like the more wealthy don't have a problem w/ the freaking phys, either.
you got somekinda wunnerful wunnerful paper, telling you how much nat gas you're entiltled to in july, at what price, or how yer swiss stock ETF is doin, ya better check the signatories on yer freaking paper, b/c chances are they are either zombies corporations, "outa luck" sovereign nations, or criminal fraudsters who shoulda been in the slammer for 3 years, already. people are still bragging about how smart they are to "own" zombie financial corps who don't hafta mark to market, while guffawing at the rubes who actually hold gold and silver US coinage. what a country!
the central banksters didn't "save" anything or anybody. they provided the liquidity to buy some damned time to protect yerself from getting annihilated, no matter who the fuk you are. people who understood their true options are now safe. people who didn't are no worse fuked than 3 years ago, and, they may have make a ton of "money" too!
what, exactly, about insolvent and mark to model escapes those who are enthusiastically brainwashed by MSM propaganda is hard for me to understand. those who wish to carry leveraged loads of counterparty risk rather than get to ZERO counterparty risk? hey, that's what makes mr market who he is, kiddies.
please be advised.
i know! gloom & doom & kiljoy slewie! probably never shorted an ETF in his life!
sometimes, things aren't very pretty. little glitches with nuclear waste and the lies of "scientists" and experts; wwfamine.com; benocide; $9 winter wheat is great for the folks who have it!; murderous, criminal wars for resources and to terror-induce "respect" for the US projected "hegemony"? even when the ciruses' gate-take ($$$) falls off, people don't do well w/out the bread. oh, gee! "growth" not coming in as hoped? the banksters have it all faded. how about you?
I recommend the Tunisian dinar. Fine people. Nice country. Maybe some vegetable seller in the US will self-immolate and the Obama-Bernanke regime will fall. There's plenty more empty apartments in Jeddah just waiting for misunderstood leaders.
many nations produce PM coinage. the US too. lots of people already use it all the time here, just like gold in other countries.
here's an old song called "mr blue": YouTube - THE FLEETWOODS- " MR. BLUE "
How many times will the Morgue try to slam silver it has to be causing them some pain. They slam it and it bounces back harder each time they even try to get their Asian desk to slam it tonite but the Europeans buy it.
Let's see what the NY fucktards do in 4 hours. My money is on the slam again.
Well you know the old saying you can't fix stupid.
Europe is in the green just now:
http://www.marketwatch.com/story/europe-stocks-rise-led-by-lvmh-burberry...
April 19, 2011
Europe stocks rise, led by LVMH, Burberry Auto gain in Germany, France; EDF shares rallyMADRID (MarketWatch) — European stock markets opened higher on Tuesday, a day after heavy selling, with luxury-goods in focus after trading updates spurred gains for shares of LVMH Moet Hennessy Louis Vuitton SA and Burberry Group PLC.
crimex silver options expire april 26. the 27th is last trading day for april futures. the 29th is the first day to give delivery notice on may futures.
DJ Comex Silver Delivery Intentions Breakdown - Apr 18
off topic: my county no longer takes Visa cards for payment of auto registration/titles/tags. Whats up with this?
Simon Johnson needs to be heard:
"Let me tell you why this isn't happening.
"The bankers want to continue to be paid on a unadjusted for risk, return on equity basis. Of course they do. And the way they get nice compensation packages is by taking a great deal of leverage...
"The executives of the top 14 financial institutions took out in cash $2.6 billion between 2000 and 2008. They top 5 took out $2 billion.
"They are, in order: Sandy Weill, who built Citigroup, which then blew up, after his watch. Henry Paulson, who built Goldman Sachs, and was the point-man lobbying the government to lower leverage caps, for investment banks, which even now Larry Summers says was a great mistake. Goldman Sachs blew up. Angelo Mozilo, number 3, built Countrywide and that actually built up on his watch. Dick Fuld, number four, Lehman Brothers, and Jimmy Cayne, Bear Stearns.
"Those 5 people took out $2 billion. So that's the private gain, one measure of it.
http://www.youtube.com/watch?v=-GmBoJ7qHYgAh, the free market! Who said there's no free lunch?
Satan bless America?
I was talking to my grand dad yesterday who survived WW2 and many a recession and also is a very experienced precious buyer. He taught me alot actually about the trading cycles of gold. You may want to think about that as you buy teh precious.
Anyway, he reminded me that 1500+ gold means society is disintegrating. Be careful what you for people.
So seriously who is actually buying silver at 42 and.gold at almost 1500? I want to get back with you.in three months.
I know, right? Buying at these levels is like taking candy from a baby. (Let's not wait 3 months. Check back with me after April delivey dates.)
yes, even the bounce off the lows we saw yesterday wasn't enough to convince me- that was all shorts covering: http://www.hedgefundlive.com/blog/mondays-bounce-off-lows-looks-to-have-been-a-short-covering-rally