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FX Wipeout
Wondering where the volatility went? Just look below. Countries now trade like microcap, 3x beta stocks. Thank you Federal Reserve. Oh, and while you are at it, please sell some FX vol Brian Sack. Below is a chart of the DXY constituents: everything getting creamed except for the JPY, showing the only currency not used to short the dollar against. We can't wait for today's CFTC Committment of Traders update to see how many specs got blown up by this move.
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Happy Friday the 13th.
OT, but ECB's Stark says "Euro really isn't in crisis, just trust him," and Germany favors a Greek "voluntary restructuring" (what would that look like? Is it like when the doctor insists that you gave consent to have him shove his hand up your ass?).
OR you loose all your money, OR only part of it:you can voluntarily choose
anything can happen
http://ca.news.yahoo.com/exclusive-pornography-found-bin-laden-hideout-o...
Read the comment by a poster named 'commander' on that page. Had me in tears. LOL. Too funny.
"Commander. 25 minutes ago Report Abuse
Oh... Achmed, I see you brought a friend....
Hello, My name is Jamil.... I am the plumber... would you like to see my pipe bomb
Oooohhhh,,, yes,,, take me like an infidel you big stud,...
Oh Jihad, JIHAD...
[Start background music, Sitar through Wa-Wa effect]"
i saw that. i think ben and obama need better coordination. ben should call obama and alert him to the need for distraction stories for the public while the fed is ravaging the market to position. expect more OBL stories to trickle out
http://www.thesun.co.uk/sol/homepage/news/3578697/Osama-Bin-Laden-reveng...
The Bernank says that the TBTF get their money for nothing and their chicks for free.
Those not TBTF? Get your own money and chicks.
CAD- "Why do I have to be Mr Pink?"
POSX- "Because you're a faggot, alright??!!"
What does the right axis mean? % change?
standardized Z via Bloomberg (so, std. dev.; would elaborate but MUIR avatar is too distracting)
Thanks!
I dont understand WTF is happening. I thought the US debt will hit its ceiling on monday yet the USD rises?
Im so fucking lost
ben is softening the congressman up; round one shelling with margin hikes; round two bombing the euro by buying dollars - theres a military term for it but i cant think of it at the moment
Its called, prepping the battlefield.
So, Ben's a fluffer?
No, you aren't. You are right but the market is irrational and it can stay that way long past the point of reason. So learn from my mistakes: 1) stay unlevered, 2) store savings in something that will be worthwhile after the fiat currency crash. By any rational measure the US, Japan, and the EMU zone are all insolvent. Mexico bought 93 tons of gold in Q1 (http://www.zerohedge.com/article/central-banks-purchase-127-tons-gold-q1). Be smart, buy your gold or a farm and don't get pulled into the paper sham. It will end.
+1
No doubt, it will end..The sad thing is that alot of people that are on the right tract and are thinking correct will give up and go back to the system , thats when it will go down...
Good advice. I'm as good on PMs as I can be, but I need one of my oil, silver or gold explorers to hit something so I can buy the farm next.
I'm not holding out a lot of hope for it though as I am sure the big boyz will find a way to rake the profits from any explorers that hit it big while leaving the rest of us with less than we invested. It seems to be the way things work in today's world.
Farm is good and all... I'll be on the beach in Belize spearfishing all I can eat sushi. It's a good idea no matter what. Dow hits 30,000? Still a good idea. World ends? Still a good idea.
Great day TBFD in silver!
I like your posts, I mean your mesmerizing vid pic
I'm sorry ... what did you say???
Muir
You have a great set of personality
I am looking you in the eyes.
Your avatar is awesome in terms of form, function, lighting, motion, attire, and of course, size. Kudos.
Either the precursor shocks to an currency earthquake or a full blown heart attack.
Who is willing to give the dying their last rights? I nominate Tyler. I'm sure he will be tasteful.
When i think of the American economy as a party, This is what comes to mind.
http://www.youtube.com/watch?v=oRspjd4fiDs&feature=player_embedded
I think i saw pelosi in there somewhere.
That's exactly why I never allow cameras at my get-togethers.
And BTW, none of the hotties in that vid looked as skanky as Pelozi.
With a name like "manthong" i'm not surprised.
Insiders responding to something bad? It wouldn't be the first time the EU dropped a nugget after the close on Friday.
Plenty have sought shelter in the pre-determined bastion of safety that is PCLN.
Funny, CNBC now has a currency trading show on Friday nights. LOL Another way for the Squid to steal your money.
And look out Spanish CDS today - more fun fun fun for the Eurozone.
EURUSD long trade is over, hop onboard the short train folks.
FRN's bitchez
Jap housewives back in action...
This was a slam dunk for a contrarian, a real contrarian versus alienated rebels who herd together and think they are contrarians.
I am still too much of a coward to speculate in bonds.
This part of the dollar rally wasn't hard to call - over 95% bears. The real trick is what do you do when DX gets above 78 to 79 (assuming it gets there)? Bear sentiment getting wiped out fast.
I'm bailing out of DX long today and shorting the ZB if it stays north of 124.75
Buying AU with the proceeds - whoo hoo....
You know you don't have to act with me, Top. You don't have to say anything, and you don't have to do anything. Not a thing. Oh, maybe just whistle. You know how to whistle, don't you, Top? You just put your lips together and... blow.
The best:
http://www.youtube.com/watch?v=MheNUWyROv8
Also noteworthy is 4, four, gaps down on the daily bar chart of Goldman Sachs since the beginning of the year.
http://www.marketwatch.com/story/us-intervened-to-buy-1-bln-in-dollars-i...
Also noteworthy is 4, four, gaps down on the daily bar chart of Goldman Sachs since the beginning of the year.
FRN's bitchez
Also noteworthy is 4, four, gaps down on the daily bar chart of Goldman Sachs since the beginning of the year.
Wait, we're thanking the Fed for the dollar rally? I thought the Fed was weakening the dollar? Did they change course without telling us?
Sentiment changed. The Fed is not printing as fast so thats close to a stop. Other markets are printing like hell and they can't out run the US Fed; so when the Fed slows down the rest race to catch up to save there embeded exports.
Politics and policy. Untill it crashes into physics.
Robo, put up a chart of TRE - Jim is about to bitch slap the shortie hedge funds.
Robo is being repaired.
A vacuum tube broke.
Analog is a major disadvantage in a digital world.
RobotLemming's entire cranium consists of a vacuum.
Well, except for the reptilian brainstem --- that part works just fine.
Robotrader doesn't deal in physics only in policy and politics.
If its law then its real if its not law its not real.
It works great if you never took science or a physics class.
If you have suffered reality trainning then your like a cripple running a 100yard relay race or a sprint.
Logic is a handy cap in politics and trading.
MomoFader tried searching for some 'retail names' that were up sharply and got caught in a feedback loop and fried a circuit board.
RoboFader's mom is 100% invested (her retirement savings) in Chinese solars.
Robo is splitting the commissions with Leo.
EUR has had a range at least this big for 3 other days out of the last 7.
Its like a wave. In 2007 the vol spiked in credit...it spread to equities and moved its way along to wind up in commodities and fx. The wave is now crashing into that shore and about to push the vol back into equities and credit.
A higher dollar means the U.S. economic "recovery" ends. Employment losses. Costly debt that cannot be serviced in a stronger currency.
This sets the stage for QEIII.
Also Muni troubles.. Gold standard would fix said problem..
Important to spell it out also for those playing at home -- stock market crash.
I agree, Tracerfan. And, a weaker Euro means EU exports boom -
and thus easily pay part of Greek "restructuring" (2% of EU GDP).
+1
I will have to disagree with you.
This is why, most of the US production takes place with imports not exports. So the increase in the dollars power will save importers and the service and governments that rely on imports.
Debt is a phantom it exists only in credits that the US creates out of thin air.
Taxes are just hedges/put options on the freely created credits.
Qe3 is all about other markets. Politics and inflation funding. Credit expantion in other currency because the US is contracting so credit growth is required elsewhere.
Qe3 will start in Sept-November to control inflation in EM. Its not all about the US. The US is the scale on which all things are weighted.
Unless the people choose another scale. Gold, silver, corn, copper or even a basket.
We will see togather.
So...all currency values are jacking upward except the JPY? Ok, I apologize in advance for being the FX noob, but can someone explain to me what this is means in practical terms?
Edit - I think Tracer just answered my question as I posted, so, nevermind.
It means margin requirements on FX long accounts are going to be raised five times in the next seven days. Yes?
LOL [:)
Banking sector feels broken...something smells with that dollar move....I recommend seat-belts
Silver is the safe haven play today (flat). What happened to Gold and Platinum? Margin hike?
Platinum is not going anywhere and will be used as a ceiling for gold. We will see how close gold gets to platinum before hedges blow up trying to short gold and platinum. It will be a funny to watch them both rise for the same reason: Stupid.
"I dont know if the universe is infinate but the stupidity of man is" - Einstein
all phone lines are open to bullion dealers to get your physical.
With 30-50min wait times; and 3 week to delivery.
You will also need a bank wire and name, address and phone number as well as a CC/ or debt card which will be charged a fraction of the purchase.
Basicly you will need 2hours of your time to go to the bank and place and order that will not clear for 2-3 days then an extra 3 days before they ship. Then 2 weeks for delivery.
Oh you wanted paper please click the mouse button on your trading account.
guess anything worth having is worth waiting on. i place my order online, lock in the price and await the dealer to call back. they accept checks. but delivery is several weeks.
go down to the oxford shop
give bob a handful of fiat ...
take bars home
dump in cats liter box...
instant gratification x 2
UUP trying to break above April's high at $21.74. Well above 50 day moving average of $21.60.
http://www.marketwatch.com/story/us-intervened-to-buy-1-bln-in-dollars-in-march-2011-05-13?link=MW_home_latest_news
There is your answer...Brian buy dollar weakness....going to fuck those dollar shorts
Yay, gold up in AUD. just
The fruits of the CME liquidity withdraw being served up cold. What a bunch of fucksticks.
punish gross in the shorTz
Australia Crapping the bed.
Ahhh, to be young and short everything in Ozzie Bubble Land, especially the real estate & all things housing....
....all things MBS and housing.
Ahhhhh....
Property bubble over there might be starting to pop. Long overdue... and going to be painful when it does pop.
there is no property bubble in australia. we have a housing shortage AND the highest interest rates in the Western world. and very high mining royalty income per head of population, and australia mines, grows and exports just about everything that has gone up hugely in price. and one of the highest immigration rates in the world, much of which is fairly high net worth flow from asia, particularly chinese and indian middle class. no part of that is going to change in the forseeable future, and even if the australian economy does start to turn down, then with a Fed Funds equivalent rate of 4.75%, there is probably a bit of room for policy action, no?
australia will have a surplus federal budget in 2 years time, and our banks are absolutely rock solid and were at all times.
US housing crashed like it has because there were so many homes built with no additional demand. so now there is a huge excess of homes. that is not the case in australia. european housing prices have crashed in some places either because of an excess of homes (spain), or economies crippled by general collapse (portugal, greece), or by the collapse of banking (UK, ireland). not one of these factors applies to australia.
so dont hold your breath for a crash in the housing market in australia.
In other words, "It's different this time".
Housing market crashed in the US because prices rose to the point where it took complete idiocy on the part of people and lenders of exotic mortgages to get those people into a house. The disconnect was price vs. income. Income was never high enough but once you pull the exotic mortgages...look out below.
The issue for AUS is price of home vs. income. I'm not an expert here but from everything I've seen/heard...there is a better than average chance you are hosed to some degree. Similar to the US, I don't really associate AUS with a lack of phyisical land so any supply shortage is quickly remidied and once the dust settles it goes back to income/price and supply/demand.
For what it's worth, same deal in Canada. Plenty of people with solid incomes living in communities who could no longer afford to buy their own homes (cheers to you to California). Prices have stalled and are turning.
Australias housing bubble will pop this summer.
Your currency is to high and inflation will follow but not in housing. If you can't sell in May or June you will watch as 10% of your home value falls by October.
Then the US Fed will start printing (Qe3) and home values will stablize.
If you want to wait till September to buy a house or better yet 3years you'll get a better price.
Thats my take on things but don't belive me I have been know to be wrong on my timing. :)
So what the guy from Australia is saying is that the housing market isn't overvalued there, because mining and materials are strong, will always be, and they're going to ride that one trick pony into the setting sun.
Good luck with that.
I have no animosity towards Australia, but you are in a tulip-drunk haze to make the statements you're making.
Australia is pretty crowded, though, and lacks the land mass relative to the population to provide a few years (let alone a few millenium) worth of new housing stock to be built, and the Australian Economy is quite diversified.
And oh yeah, Australians won't get hammered in the event of what will be inevitable currency volatility.
/sarc
The Fed is going to have to squelch some inflation before the next wave of it.
o/t but I was wondering what your thoughts were on just trying a concrete entombent at Fukushima.
- you two should get married, i know love when i see it.
this only means that your lense is distorted by your own homosexuality
Do homosexuals have more or less sex then hetrosexuals. :P
See his comment on the circus tent idea. My sense is trav does not believe it is possible until the rods, etc. are brought to a steady state.
He's right. It would do nothing but make a mess.
What I was saying since I saw reactor 3 blow is that the situation would get continuously worse and it would eventually be impossible to clean that area up. Japan will evetually become unsafe to live...just wait for the inclement weather and monsoons to really blow that shit all over the place.
So you want to fuck with the tin foil hat brigade and call us stupid and then when your worthless life is on the line you want some education. Should have stayed in school and avoided shilling for a living.
What the fuck are you talking about? Take 2 asprin, get some rest, and resume blogging in the morning.
Oh smooth. Feign ignorance, deflect, project back.
I asked what the fuck you were talking about. Why don't you answer instead of playing these stupid games?
I don't know how else to answer such obtuse, nonsensical, and directionless comments.
Oh hi.
Yeah, Bob has "no idea" what you're talking about.
LOL.
On a positive note, they soon will be able to play Russian roulette with many more domestic foodstuffs than just fugu. And, commerical food irradiation of produce and other food items will no longer require expensive equipment --- just take it outside!
Stop complaining, all of you people. Radiation is good for you, dammit. How many times must you be told?
Right! Radiation kills the germs, steralizes the exposed areas, preserves food.
Only feasible if they crack open the containment and mobilize the core down and out so that it can disperse and cool.
What Chernobyl did was have helos overhead dropping in things that would melt (absorb heat via latent heat of fusion and vaporization) but not only this. The perhaps unplanned side effect (maybe it was by design) was that the core mobilized as a viscous liquid and flowed down out of moderation, ending fires, pollution, fission, and facilitating radiative cooling.
I think I suggested such an approach in Fukushima, like over a month ago. The problem here is not containment so much as it is cooling. I recall saying that they need to prevent fires and let things melt down so that they can cool off. A flowing core with sand and lead presents actually an easier engineering problem than what they have now and you can spray such a thing with water and not have to worry about continuing radionuclide release.
The only way to do a Chernobyl is for them to intentionally crack open the containers and SFPs, pour in something that will mobilize the cores as a liquid or syrup and then let it flow out into big piles and lava octopii. Basically an exercise in creating a large area of corium.
The site will be ridiculously hot from a beta and even gamma (Cs decay pathway) perspective for eons, but at least it will not continue to contaminate everything around it. Chernobyl's broader ongoing contamination problem was effectively ended once the core was liquified and the fires stopped. This did not solve the existing contamination, just prevented more of it.
As things stand, we are seeing a major, major defect in the philosophy of BWRs. The edge case of meltdown where coolant cannot be applied creates a engineering coffin corner. We instead face a long term contamination release issue because the cores continue to radiate and this heat source is kept bottled up in a nice, confined and now inaccessible vessel. They have to continually vent pressure which means continuous radionuclide release.
Their tent hope is that they can capture those elements and maintain their ongoing cooling. This will still mean massive radionuclide release into the oceans because the coolant water has to go somewhere.
Good comment. +1
Yes an excellent comment. But this is a hot moxed plutonium bomb factory. Chernobyl was a legitimate nuclear plant. Nothing that worked at chernobyl works here.
Heph, you've gone from being witty to being outrageous. And often spot on, but like on acid. If you know what I mean. Wavy spot.
What's up?
ORI
Nothing. I'm sun oppose neptune at .1 degree. You know what a neptune dissolve is? It's where you get shoved a whole ocean of stuff and you have to pull what is clear out of it. If any of you guys are connecting to me through neptune you're going to feel weirded the hell out by it. It's going to seem nonsense and unrelated but it focuses.
But there's nothing acid about what I said in that post. Fukishima is a hot mox plutonium plant with tons of uranium and plutonium. Chernobyl was a legitimate nuclear plant with only hundreds of pounds of unranium.
What people are NOT paying attention to is all the data is showing what is going on in the AIR. They are completely ignoring the SEA. This stuff is moving through the sea worse than through the air. The gulf is dead and now the pacific is dying.
Well arn't you a bright monkey today get your special k this morning.
Look you know and i know none of us will live to see 2050. Cancer will take us in 20-30 years and you seem not to mind.
Their "tent" will not stop radiation. Their tent is only sweeping things under the rug/tent :).
I would think you would be livid or at lest acknowiedge that you were wong on the horror and seriousness of this stupidity.
The Gulf is dead, the north pacific is dead, and so is the mediterranean.
Half of China have no clean food or drink. The population of the planet dropping from 7billion to 6 billion in 30years is real.
It's not just Japan as you know so why play safe. Grab your tin foil hat and scream, naked and covered with green jell-o while you run down the street.
Slow poison is still poison. Death row is still death row. It wouldn't seem to matter the details of the crime.
+1 Indeed, good information Trav
You mean lock in profits from the inflation and start a new one.
Measured move from Wed... Busting the 38.2 fibo (for the first time) yesterday from the move up from 1.28 should have told the story another dump was possible. EU sitting well below it now and will likely close that way. 61.8 fibo is down around 1.3660 so there is plenty of room to drop -- even if this pair were to retain an upward bias. That area would confirm another measured move similar to the dump in Nov of 2010...
Rate reduction in Euroland???? Just guessing.
Rate increase in Disneyland (USA)??? No friggin way
Hitler is still alive???
Probly news coming out over the weekend that Bin Laden is actually still alive, and plan in effect to wipe out Wall St and DC, and has gone long physical silver.
BTW isnt a USD up 3 points in the last few days in effect a 'rate hike' in print n Ponzi land?
I'm noticing just a tad snide comments on PMs.
Well, let me just say this.
For the skeptics, naysayers, told-you-so guru wannabes who second guess everything and Monday morning quarterback a perfect game.
You will be punished, severely.
In all of Gods great History, deflation has never been in his good graces.
The blasphemers, the hereticics, the apostates that now turn their back on the precious, surely, yours will be the most horrendous of retributions.
__
Unless what they say and what they do are opposites.
"We wants it, we needs it. Must have the Precious. They stole it from us. Sneaky little hobbitses. Wicked, tricksy, false! " Gollum (aka Sméagol)
+100
I'm just waiting for them to deem all those bear ETFs "a threat to national security" leaving me nothing left to play with in my cheesy 401k...
How many billions in taxpayer subsidized wall street profits and banker bonuses have they wiped for a meager 4 points in DXY? Last time they got at least 12 without the carnage, but to achieve that again I think they are going to break Congress's non-existent FY11 budget and 90% debt-to-GDP in the process. The limits of their mastery of ponzinomics are starting to show.
No matter how good they think they are, the best laid plans, and all that.
The real kicker is the virtual naked short in the USD via Credit the ramifications of which is a hyper strong USD similar to JPY. Its more like they have to manipulate to keep the USD LOW and when they stop the natural course comes back into play... Do something: dollar goes down. Do nothing: it cranks...
Only way out of all this mess is world war, always has been always will be.
Yep. No getting away from it. It's baked into this pie.
ORI
Yup. Deleveraging (deflation) is gravity. Results in a stronger USD. Want to crush inflation? Just do nothing.
+1
Hasnt Ben's biggest nightmare all along been upside on the USD? Its in effect a rate hike on his free money printing plans with USD now pushing 76...a mere few days ago it was in 72's WTF?
Not ready to tank it yet. Policians are not entirely on the hook yet. The central banker US-EU circlejerk has a round or two left in it before the plug is pulled. Like a controlled demolision, if you take out all columns at once - the structure falls predictably. Time it wrong, and who knows what will happen.
Looks like the volatility seekers got their wish. Euro is bouncing like a rubber ball hitting the ceiling. Greeks are misbehaving. Germans are getting out the paddle to spank them.
We are just being set up for QEn. Wouldn't want financial armageddon, now would we? When you connect the dots of the perversion of Keynesian economics to justify spending and money printing, the raids on the PMs, and the increasing fascist control, the agenda of the globalist elites is quite clear; destroy all existing and emerging middle classes through currency debasement; overwhelm the economy with entitlements to create a majority so addicted, and then usher in totalitarianism on steroids.
You had me at volatility....
Tyler, can we get the daily chart showing how close the USA is rubbing up against the debt ceiling?
...And if we can't get that chart, how about a enlargement of Muir's rubbing action?
All the world is a Keynesian Stage...
...and the play will end as all Greek Tragedies do.
With the hero having sex with his mother and killing his father?
I'm humming that to the tune of Rush's "Limelight."
we were early and correct..on EURUSD
http://www.readtheticker.com/Pages/Blog1.aspx?65tf=188_euro-approaching-another-cycle-top-2011-04
http://www.readtheticker.com/Pages/Blog1.aspx?65tf=192_this-is-the-contrarian-investors-next-big-winner-2011-04
BLOGSPOT.COM IS UP AGAIN.
Click below to read why silver market manipulation will not end soon:
http://thesilvergoldhedge.blogspot.com/2011/05/market-manipulation-not-t...
Click on the next link to watch a hilarious animation telling you why you should buy physical silver:
http://thesilvergoldhedge.blogspot.com/2011/05/join-sla-to-get-even-and-...
Finally, click on this last link to read why the CFTC is doing nothing about market manipulation:
http://thesilvergoldhedge.blogspot.com/2011/04/reason-why-cftc-is-doing-...
The normal ramp job as US markets are left to their own will make everyonefeel the wealth effect and love from the Chairsatan. Don't you worry.
Wow, does this mean everyone's fiat is becoming more valuable or are we all winning the race to the bottom? I am confused.
YES!
The US dollar never surrender
lol
For those who doubt QE(X), Herr Stark makes it very clear nobody will fail, not Greece, not Ireland, not California, not anybody...cause that restructuring would be "too risky" to those in power of remaining in power...their power lies in printing more paper and absent printing, their power is, well, absent.
SAN FRANCISCO (MarketWatch) -- Restructuring Greece's debt is too risky and may have a negative impact on the euro-zone region as a whole without resolving any of the underlying issues, a senior European Central Bank official said Friday. "The notion that one could solve a budget crisis by simple debt reduction is an illusion," Juergen Stark, a member of the ECB Executive Board, said in a speech at an award ceremony in Aachen, Germany. Stark noted that debt restructuring will trigger more uncertainties and lead to slower economic growth, forcing the government to borrow more heavily, according to a translated transcript of the speech. Stark also dismissed concerns that Greece was insolvent and stressed the importance of consistent implementation of structural reform.
I'm guessing the guys who wrote the code for the software you use
must have also designed the user interface. HTF can you look at that
screen for extended periods of time? How is a novice supposed to derive any meaning from that? Badass UI/UX design pays dividends son. Too bad your software is stuck in the 80's.
I got three letters for your industry...WPF...google it bitchez!
Seriously dude? it's Bloomberg.
BLOGSPOT.COM IS UP AGAIN.
Click below to read why silver market manipulation will not end soon:
http://thesilvergoldhedge.blogspot.com/2011/05/market-manipulation-not-t...
If you haven't seen it yet, click on the next link to watch a hilarious animation telling you why you should buy physical silver:
http://thesilvergoldhedge.blogspot.com/2011/05/join-sla-to-get-even-and-...
Finally, click on this last link to read why the CFTC is doing nothing about market manipulation:
http://thesilvergoldhedge.blogspot.com/2011/04/reason-why-cftc-is-doing-...
Spammer, Please im tired of 10 million fiat posts.
The Surfaris:
http://www.youtube.com/watch?v=gG2naf70MbY
where do you view those nice charts?
can anyone help a newbie. I am looking for some computer programs to track currency's on a second by second basis.