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Operation Bag Holder is in effect.
Okay, who is holding the bag if this is a basket of fiat?
The US retail investor.
Another U-Turn in stocks today.
Gotta grab your short profits fast, or the crocodile will snap his jaws shut and take your hand. LOL...
S & P 500 is the envy of the world, pretty much outperforming everything.
It is about to breakout to new highs for the move in many foreign currencies.
SPY in Foreign Currencies
Yep, and the same with gold:
Gold in Foreign Currencies
My "Formula" remains 100% correct.
Gold $1,650 = Dow 14,000, and vice versa.
Now, if only my horrid gold stocks would get out of the gutter, maybe I can sell them and finally move out of this flea-infested 400 sq. ft. studio apartment overlooking the smoggy 101 Freeway....LOL...
I don't disagree. Fund managers, pensions, etc that are also worried about potential hyperinflation view the S&P and DOW as their safety net to maintain currency parity.
IMO, When the dust settles, both Gold and the major US indexes will be much higher in nominal terms -- and Gold will be higher .vis a vis. the indexes in real terms too....
Why won't silver also go along for the ride?
"Now, if only my horrid CHOICE of gold stocks would get out of the gutter all the people who bought in for the doubles, triples, quadruples and five baggers in that sector will stop laughing at me." There, fixed it for ya; you're welcome, though admittedly that last part is unlikely, given your record.
I had a friend who lived in that area he said he was Silverlake adjacent, and he lived on Normal Ave .
Summer doldrums approaching, which likely doesn't fare well for gold stocks (should be buying instead of selling). Although I do find the unusual call options on Kinross interesting today - perhaps it is getting set to bust out of it's evil channel (then I could make some mulla too)
You rock, BKX proves INTL traders in driver's seat- they must love DOW stocks.
Time to go all-in 3X long on a basket of Japanese banks bitchez!
Japanese banks, huh?
Tepco CDS too. And Euro banks, and PIIGS bonds. They're a steal! ;)
Remind me why global currency devaluation won't fix this spread?
Substantial buy program order flow momentum came into ES (S&P 500 e-Mini future) at the recent low onthe 17th.
The overall order flow momentum flipped to the sell progam dominance yesterday and has remained that way throughout today's session.
You can monitor order momentum in real-time (for free) for ES swing trading here
and for ES day trading here
Hope that you find this as interesting as I do.
THNAK YOU for this post, fucking awesome
Japanese governments FAQs for People Living Outside the Fukushima Evacuation and In-house Evacuation Areas
Click the link below to read an incredible work of misinformation that will surely--at a future point in time--become forensic evidence used in a lawsuit against TEPCO and the Japanese government for criminal negligence.
By using this document, the Japanese government is trying to talk down the Fukushima problem and assure people that there is absolutely nothing to worry about, which we know is total hogwash because even small dosages of radiation are said not to be safe (and the dosages Japanese are getting are NOT small). Some of the goggle translated 22 FAQs and answers include (read here):
Tyler, your the best,, but it's not that large a divergence
Thou shalt have EURUSD 1.42 for Friday. And though shall not see the SPX wither upon the vine, though shalt see the AUDJPY move in perfect synceth with the SPX.
And Lloyd saw it, and it was good.
-- The Book of Lloyd, Chapter 4.
Silver not ramping up with equities is the tell.
Not long before the pigmen are fully positioned short.
Tyler - how are you calculating your ES basket? Thanks
yep im interested too
PPT went to work at 11:00 a.m. EST and decided that we need a "strong close" in order to massage the "wealth effect"...
BUY BUY BUY...
"...either play both legs outright in a pair combo, or sell ES for a FV 4 points lower."
I sold ES as soon as I read this, Tyler, but I am not buying gold for the catch up. Let's see how this closes today.
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