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oh, and hope u got to c the nicely timed bash of both metals again today which surprisingly coincided with another 450k US citizens trek to the soup kitchens. The bankers im sure r very proud of all of ya'll....
more ETF's the bot's can play with, 'cause aint no humans buyin' this crap
Uhm, CME is just launching new volatility products because market participants need them... it doesn't imply in any sense that they have a view on gold volatility.
The CME is also launching crude and (later this year) soybean VIX futures/options. The CME is also launching FX realized volatility futures. These are all just different ways of managing risk already in the market place.
Large percentage of the muni stocks hitting their 52 week lows right now !
If we penetrate these lows its going to go into a free fall.
Red, red and more red !!
I speculate that the majority of these trades will occur in Clearport rather than Globex. Clearport is a direct trade entry system - it isnt competitive. That allows the traders to deal direct with each other or through a voice broker, which thus hides from the public view details of the trade - such as price and settlement date. Most Nat Gas basis trading in the last 6 years has been cleared via the Clearport system.
So riddle me this:
As a non-derivatives trader I have a very tenuous grasp on what this might mean. I understand that in other situations (Calls and Puts), activities in the derivatives can have a profound effect on the pricing of the underlying.
So how might going long or short on the "implied volatility of gold" effect the price of gold?
As always, I'm interested in both the textbook answer and the real world answer that takes the incredible corruption surrounding us into account.
Phase Two of the secular bull market in Gold prices is solidly underway and the Gold Vol. story offers more proof. @ http://rosenthalcapital.com/blog/2011/01/precious-metals-outlook-phase-two-redux/
I once had an interesting e-mail discussion with one of India's leading economists.
He felt very offended when I said that financial innovation is not really innovation at all.
That it was bad and will kill the system. He had argued in a recent newspaper piece that financial innovation (like in the US) was exactly what India needed.
Look where it got us. And where it's taking us.
We're a gamblign people now and gamblers need things to bet on I guess.
Was it the godfather - Zakir Hussain ?
http://www.youtube.com/watch?v=xbDofgD04dc&feature=related - the early years.
http://www.youtube.com/watch?v=x-HbNHFrrMU - w/planet drum.
But man, Zakir Husain rocks. And is a total jerk.
Thanks for the links.
A few more questions.
What's your call on tata they own jag,rover and have a booming market coming online. Are the problems with nano that big of deal and how do most people feel about the company ? Also, they own many businesses it looks like a great stock that should be a keeper am I wrong ??
Top is in
What? Another manipulated, contrived piece of paper of which most do not read nor understand the fine print. (I was also once such an idiot that correctly called the direction of crude, bought a bunch of bullish ETFs and still barely made money).
Why not have a ETF for betting on how many more insane ETFs will be brought to market?
how about taking some capital and BUILDING SOMETHING. Shit, Hitler at least built the AutoBan that exists to this day. What are we building in the US today?? Besides a soon to be 50 million food stamp roll.
I've been thinking about this quite a bit lately. I think these ETF companies are selling themselves short. Why limit ETF's to things that actually exist or are a derivative of things that actually exist.
Why not expand ETF's into "The Imagination". Why not a "Happiness" ETF? It's inverse could be the "Sad" ETF. Or how about the "Bicurious" ETF, since all assets (except PM's) are now based on the greater fool business model.
Think of the profits!!!
Happy/Sad? To abstract. Why not ETF on companies that actually once existed like Wang, Enron, Digital, etc. I can guarantee you that even non existent companies will generate quotes.
Now we're cookin'!
Over Flow Monies! Bitches!!! keep them in the space! the Lobby wins again!
just a hedging product for the finance types to move eMoney back and forth to each other with
price control.. as well my friend.
There hasn't been enough paper and ink for all the fiat. Soon the limiting factor will be digital storage and CPUs for the easy money. Unfortunately, if the missing mass of the universe was discovered today to be money, Merica's bankrupture would only be forestalled by a matter of years. :)
Gold and silver bugs buying the
physical are the ultimate anti-
speculators.Building our wealth
slowly but surly coin by coin it's
called saving.Plain,simple and REAL.
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