• Gold Money
    05/03/2016 - 11:35
    Crude oil time-spreads have completely dislocated from inventories. Historically, such dislocations have proved to be short lived. We expect that either spot prices will sell-off again or the back...

Global Central Banks Join The "Short Dollar" Bandwagon

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Mon, 10/12/2009 - 09:58 | 96402 mikeyv1970
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Whats up with the S&P locked up? Is screwing up my $VIX and all.


Mon, 10/12/2009 - 10:00 | 96404 AN0NYM0US
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dollar the focus on Bloomberg TV right now

Mon, 10/12/2009 - 10:00 | 96405 lizzy36
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BREAKING NEWS: odd lot caused new ytd interday high on SPY.

Mon, 10/12/2009 - 10:03 | 96407 mikeyv1970
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And looks like it broke the computers when it did it. S&P has been showing 1075.06 for quite some time...CNBC also showing the same...weird.


Mon, 10/12/2009 - 10:03 | 96408 mikeyv1970
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Mon, 10/12/2009 - 10:07 | 96412 Cheeky Bastard
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A message reading " I WILL NOT OBEY !!!!!1 " showed up on HAL9000 screen.

Mon, 10/12/2009 - 10:10 | 96419 mikeyv1970
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Interesting this hasn't even rated a mention on CNBC or Bloomberg's websites...just turned on the telly so no clue if they are discussing this live or not.


Mon, 10/12/2009 - 10:11 | 96420 mikeyv1970
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CNBC has 1079 and looks like a feed.  Guess the Internet feed is jacked up.


Mon, 10/12/2009 - 10:55 | 96469 Hephasteus
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Routers are probably getting jacked up from all this record cold global warming.

Mon, 10/12/2009 - 10:33 | 96445 lizzy36
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amusingly we usually only get these "technical issues" on sell offs.......


Oct. 12 (Bloomberg) -- The Standard & Poor’s 500 Index isn’t updating because of a technical problem at the Chicago Board Options Exchange, according to data compiled by Bloomberg.

Mon, 10/12/2009 - 10:10 | 96417 Gilgamesh
Gilgamesh's picture

There a joke in here somewhere about new markets highs during a bank holiday.  Or HAL9002 SPX refusing to acknowledge a new high on volume < 1000.

Mon, 10/12/2009 - 10:50 | 96464 Hephasteus
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LOL timmah in his IMF wheelchair.

Mon, 10/12/2009 - 10:17 | 96425 mdtrader
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Everyones a winner from the dollar decline. Apart from those people paid in dollars, who have flat or deflating wages, and hence can buy less and less things with their wages. Is this bullish or bearish for an economy where 70% of GDP comes from consumer spending? Answers on a BB.

Mon, 10/12/2009 - 10:20 | 96431 Anonymous
Anonymous's picture

$XMI is tracking thingsn pretty good so far

Mon, 10/12/2009 - 10:21 | 96432 Anonymous
Anonymous's picture

Looks like a perfect set up for an emergency fed funds rate increase to me...

Mon, 10/12/2009 - 10:23 | 96434 Anonymous
Anonymous's picture

they better hurry.. IYG is starting to slip away on them.. somebody hit hal9000 with a defip pack quick

Mon, 10/12/2009 - 10:26 | 96438 AN0NYM0US
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Summers: "average 401K up 35% since market lows and housing stabilizing too"

from a speech he will be giving in St. Louis at the noon hour today



Mon, 10/12/2009 - 10:39 | 96452 Miles Kendig
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Too bad for Larry, Curly and Moe more funds have been withdrawn to cover the mortgage than have been left behind to "appreciate".

Mon, 10/12/2009 - 10:28 | 96439 putbuyer
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Jim Rogers "Quite Sure" Gold Will Hit $2000, Dollar Will Lose Reserve Status
Mon, 10/12/2009 - 10:37 | 96449 Gilgamesh
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What was his take on the S&P and DJIA made in jest earlier this year?  Could see 50,000 / 1,000,000 and wouldn't be surprised...

Mon, 10/12/2009 - 13:37 | 96641 QuantumCat
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I think Jimbo is right, but on what timeline? 

Mon, 10/12/2009 - 10:33 | 96442 Gordon_Gekko
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I guess the foreign central banks forgot to look at Bobby Prechter's dollar "sentiment survey".

Mon, 10/12/2009 - 14:17 | 96681 QuantumCat
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"Belief in wizards runs deep," to quote Michael Shedlock. 

Dollar devaluation fear is more rampant here than it was at the low last year... sounds like a low is in the making... this is not "mid" run sentiment.  Central Banks are simply confirming that. 

Mon, 10/12/2009 - 10:40 | 96447 Miles Kendig
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The feedback loop gains momentum as the party at the pool widens to include central banks on the set up.  As CB postulates, to the last gram, hooker and beyond.


Mon, 10/12/2009 - 10:37 | 96448 rhinotrader
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The market I used to know could only be manipulated for a min, day, maybe a week. What is going on with it now? Where is the calvary that knows if GS is long they will bring it down hard. Self-correct stocks like Taser and Enron. AIG is trading like a tulip and getting a free ride. Where is the volume? Where are the movers? Never thought gov't could have this type of pull.

Mon, 10/12/2009 - 10:37 | 96450 HEHEHE
HEHEHE's picture

When I read these headlines all I can say is watch out. The anti-dollar trade has been one-sided for six plus months and getting more and more crowded.  I am a long-term (over next 10 yrs) dollar bear but a short-term violent correction wouldn't surprise me in the least.  This seriously reminds me of oil in the summer of 2008.

Mon, 10/12/2009 - 10:44 | 96456 Miles Kendig
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I am reminded of the GBP during the period as Brown ran the pound into the ground in the attempt to salvage his banking sector. Same genetics, history and thinking.

Mon, 10/12/2009 - 11:55 | 96533 Gordon_Gekko
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I am more interested in riding the long term trend than trading any and every correction. I will be short the dollar as long as it exists - period.

Mon, 10/12/2009 - 10:43 | 96454 HEHEHE
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Actually, you'll likely know when to sell when GS issues a super dollar bearish analyst report like they did calling oil over $200 by the end of 2008.

Mon, 10/12/2009 - 10:54 | 96467 docj
docj's picture

OT: Could we start a petition to have Jon Nadler fired from Kitco?  (A complementary petition to have him flogged in public should similary be considered.)  He single-handedly drives-down the IQ of that otherwise awesome site by about 20-points on an average day.

Well, given his latest missive on how the death of the dollar is greatly exaggerated I suppose it's not entirely unrelated after all.

Mon, 10/12/2009 - 11:49 | 96527 Gordon_Gekko
Gordon_Gekko's picture

John Nadler is a moron; Jesus man I don't even know why people read or mention him. I just mistakenly read one article by him once and I immediately knew he was an idiot, and let him know as much via email. Never read him again. JUST STOP READING HIM PEOPLE.

Mon, 10/12/2009 - 13:35 | 96636 Gilgamesh
Gilgamesh's picture

The day he writes a non-bearish piece on the price of gold is the day I consider taking some profits.  I love having him out there as the headline contributor every day.  Of course, if I wasn't continually buying maybe I would like him to give up the ghost.  Can someone confirm if he is the brother of Jerry Nadler (they talk with the same sense)?

Mon, 10/12/2009 - 16:04 | 96778 Anonymous
Anonymous's picture

John Nadler is not a particularly bad guy, but he believes that supply and demand are the only factors, which I think is incredibly naive in the current state of affairs.

Mon, 10/12/2009 - 11:12 | 96482 Anonymous
Anonymous's picture

The US gubberment's handling of the currency is a big fat effing disgrace. No country, no nation ever did well screwing with its own coin. Throw the bums out!

Mon, 10/12/2009 - 11:21 | 96491 Anonymous
Anonymous's picture

"What I'm looking at is not where gold is going to be tomorrow, one week from now, one month from now, three months from now. What I'm looking at is where is gold going to be vis-à-vis the dollar one year from now, three years from now, five years from now. And I think, with a high probability at each of those points, gold will be higher than it is relative to the dollar today. That probability increases the further out you go. So when I look at what the risk is, the risk to me is far more staying in dollars than it is in gold at this point." -- John Paulson, Paulson & Co.

Mon, 10/12/2009 - 11:44 | 96519 Gordon_Gekko
Gordon_Gekko's picture

So who will you go with? Robert Prechter or John Paulson. My money is on Paulson, but then again that's just me.

Mon, 10/12/2009 - 11:25 | 96496 Michael
Michael's picture

G20 got the secret memo or rally the dollar over night to throw a bone to the Arab oil exporting nations but lost all control by morning. The dollar's demise continues unabated.  

Mon, 10/12/2009 - 11:49 | 96528 Anonymous
Anonymous's picture

perhaps one day, when all of these self same countries whose CB's are so anti-USD live up to the reality of defending themselves without the expenditure of US$ AND lives, they can have their new reserve currency but so long as the US is expected to provide national security by means of have bases and armed forces on other countries soil as a first line of defense for them (Europe, Japan, Saudi Arabia, etc.) I would suggest they stifle.

Mon, 10/12/2009 - 12:47 | 96580 TumblingDice
TumblingDice's picture

So when do all the folks who are gettng paid with USD figure out that theyve been had? The rest of the world doesnt mind since its saves them from the MAD scenario, but the people who just saw his purchasing power decrease by 20% (or whatever it is), when does he figure out that they're the ones footed with the bill?

Mon, 10/12/2009 - 15:50 | 96762 Tesla
Tesla's picture

I think that we're pretty obviously near an inflection point when all the CBs are acting in a similar way. I'll guess that the dolar is about to run up quiete strongly

Mon, 10/12/2009 - 20:28 | 97056 Anonymous
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