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what a corny reason
for a corny season no less.
Too much corn in the hole and it's your ass.
And of course margin limits are NEVER considered for equities. Or bonds. Thats all done behind the curtain and shall not be infringed upon.
commodities went a bit silly today, but i think 1400 On The S&P Coming? http://bit.ly/gOBvRc
We are so fucked. Too bad we can't eat this fiat paper that Burnacountry is showering upon the world.
If only he printed the dollar on rise paper...
APMEX Now Out of Silver Eagles AND MAPLES, Until May 27th!
Earlier today when I BTFD the only product Apmex had for immediate delivery was the Scratch and Dent Industrial Silver. I bought all of it. Everything else depended on delivery in the future. No thank you. It could be weeks, months, or delivery not possible.
I assume you mean in the 1oz denomination, because they've got plenty of 5oz and larger stuff (no COMEX bars, though), most for immediate delivery.
I ordered 20 APMEX 5 oz bars last week and they have a tentative ship date as of now of 5/2...not so immediate??? I haven't had a delay like this prior to now.
Did you pay by personal check? That takes 10 business days to clear.
Yup paid by check (always do) but d-checked and looks like only a couple more days than usual. Mehhh.
What a farce longjohnsilver, 'PM's have topped out' yet theres none or only junk available to buy, yet the price drops. These arent markets its an asylum.
As I said before on ZH, the next group to be bailed out will be the farmers from their hedges.
Screw margins, just use real BennieBuks. They come free with each box of Trix.
To da moon baby! And yes you can eat it.
Put some in the ground today.
and what is the Zero Hedge position on the Michael Masters opinion of significant speculation in these consumable commodities? I have been persuaded (in a non-stakeholder kind of way) that financial institutions are the ones pumping capital into futures markets, not farmers. (to address the comment by gkm)
Anybody notice DXY is now taking aim at all time lows - just went through 73.55...not real auspicious
Does this mean we should be looking for another Yen flash crash in near term???
Maybe go long the dollar and play a temporary bounce?
I think we just had the temporary bounce.
That was it?
Like my first girlfriend used to say.
I hadnt noticed hambone, but what a disaster.
I don't really see your average farmer hedging jack shit...mainly because he is actually working all day?
Money people are evil...because they have no value and know it...
Your average farmer always hedges. Selling forward and locking in a.guaranteed price requires derivatives, the spawn of satan but a farmer's lifeline.
Farming and hedging have gone hand in hand for centuries. It was one of the (many) sources of Jefferson's debts.
Limits should be done away with but taxed like crazy
the manipulation will continue until confidence is restored.
The beatings will continue until morale improves and worship is directed towards the ChairSatan.
or until there are actual shortages.
No limits on Coffee and Sugar futures.
Man up grain boys
Grain and orange juice boys are girlymen.
absolutely not. but as a man still looking for a free market "this is a good start." surprising, actually. of course "it will result in an immediate increase in price."
Huge run on euro stops there, shorted 1.4705...off to bed, wake me when im rich.
Good call i hope.
I am just dollar, vde, and ewz in my spec money.
I am looking for a breather cuz i dont know what to do now.
Oh yeah...still own BIDU that i documented buying at 145 ish a while back. But i did that just to piss off mosely and sheepdog.
Hell. Maybe its time to quit speculating, put it into a diversified mutual fund and just hang out with my harem.
well there is that speculative play called "General Electric." By all means "go hog wild on that dog" if you wish.
Can someone just raise my taxes already?
Jeez, if you are going to have any sort of limit, at least instantiate it as a percentage change, that way the limit automatically keeps track with inflation, which is kind of the root cause of the problem, isn't it...
If limits and margins were rational and predictable they couldnt be used to benefit insiders.
And Gary Gensler is a "free market conservative." The squid incarnate.
All this banksters, supermarkets, ebaying, it all a middle corporation suck the profits from both sides con to get them to shake hands
They have become too greedy, I am seeing every day that people are not taking part in money transfer as in do something for me and I will do something for you.. or I will give free stuff so I can get free stuff
Society is undergoing a VERY radical shift and it would not have happened if the chairsatan just didn't just gone an got greedy about how gud he wus... he jus got stoopider
In other news, the dollar is sinking. 73.60!
low so far of 73.48...funny dollar would tumble absent QE3???
Or insider trading saying that Ben will announce QE3?
All risk assest 'drift up' before announcements ... the bulls are afraid they will miss the big announcement move and this is the biggest announcement of them all
Shouldn't the best trade in the market then be to simply buy front (or next) month deep OTM calls since the probability of the price reaching extreme levels goes up with trading limits increasing?
I'd imagine the implied volatility would spike on those options if such a decision were made which makes the options price appreciate accordingly. If IV doesn't actually spike, then you technically just bought an undervalued option and it was still a wise decision to make.
Cotton, Corn, Silver - this is how the West was won originally and may be again - Go Long Boys!
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