Is There Any SNB Out There? Eurostoxx' Head Deep In Koolaid

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Wed, 12/22/2010 - 15:19 | 824506 RobotTrader
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And good luck to you, Nic!!


Wed, 12/22/2010 - 15:21 | 824515 RobotTrader
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Due to the hammering of GDX and GDXJ today, I blew out about 75% of my long positions a half hour ago.

Gold stocks might be telegraphing a big correction in the SPY within days.

We are up 5 days in a row, and up 15 out of the last 17 days.

It's been a killer year so far, so it is time for me to relax and enjoy the holidays and roll the risk way back.....

Now I'm just playing with some chump change, just for kicks.

Wed, 12/22/2010 - 15:59 | 824611 LowProfile
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Gold stocks might be telegraphing a big correction in the SPY within days.


Pretty funny that you're still got junks, despite you posted your first bearish opinion on equities in months...

Thu, 12/23/2010 - 09:16 | 825828 French Frog
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Yeah, that's because amongst the many great thinking minds in here, there are plenty who have slowly forgotten to think for themselves and will carry on junking the same people over and over, even when those people make a valid point and (shock and horror) also happen to be correct.

This is definitely a development within ZH that isn't great but it had to be expected: give people a voice and allow them full annonimity and some will quickly revert to a level not that different from the moronic remarks posted on youtube

Wed, 12/22/2010 - 16:19 | 824656 gwar5
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It's the end of the year, kids gotta eat and get their presents. People are closing out their gains.

Thu, 12/23/2010 - 05:47 | 825764 MrTrader
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RoboTrader, I am missing your chiquitas bonitas photographs...:=) You certainly have one hidden on your desktop...:=)

Wed, 12/22/2010 - 15:24 | 824523 Gully Foyle
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Black Dynamite: I'd like to take the credit, but dig, mama, there's no "i" in "revolutio...", in "team."

Wed, 12/22/2010 - 15:23 | 824524 Tic tock
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Not that it could happen...but if you were a major bank and you knew that the CHF would become the temporary reserve, you might get what you see now, as well as a volatile dollar. -just bouncing.

Wed, 12/22/2010 - 15:37 | 824558 Cdad
Cdad's picture

Oh, man...that German guy snuck in and got his I knew he would.  This is embarrassing.  Little Miss Euro is in the dry heaves part of it now...standing there by the railing...her hair

It looks to me like Miss Euro has hit blood toxicity levels that would confirm that we probably open tomorrow to the up skirt shot appearing on the front page of der spiegel tomorrow morning.


But I don't trade what do I know?

Wed, 12/22/2010 - 15:59 | 824612 ZeroPower
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USDCHF will be an epic long.


Wed, 12/22/2010 - 16:09 | 824629 gwar5
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Gold - Chinese floor

Silver - Industrial + monetary demand

Copper - JPM monopoly


They all look good to me.

Wed, 12/22/2010 - 16:23 | 824670 gwar5
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Anybody ever buy NSRGY for proxy of CHF? 

Diverse global Swiss food conglomerate, pricing power, and makes really good instant hot chocolate with the little marshmellows?

Wed, 12/22/2010 - 16:48 | 824723 Lord Peter Pipsqueak
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Good luck with those SPY shorts Nic.

Wed, 12/22/2010 - 17:35 | 824844 chinaguy
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"We also observe that Copper is on an interesting resistance daily"

You can analyse the charts all you want...but if a single player does indeed control 90% of the LME copper,  you might as well flip a coin....

Wed, 12/22/2010 - 18:57 | 825032 swissinv
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gold can be only understood when looking at fundamentals:

Wed, 12/22/2010 - 22:53 | 825448 Miles Kendig
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Terrific read all year.  Thanks Nic

Churn potential in commodities, especially metals, still looks quite sweet.  Those darn correlations keep popping up.  Nice charting

Wed, 12/22/2010 - 23:02 | 825468 Buck Johnson
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The Euro won't be around to long, but the dollar won't be either.  What will happen is that the EU will break apart.  The poorer economies used the EU to subsidize their spending and the wealther economies used it to make the poorer economies buy most of their stuff from them by hook or by crook.

Wed, 12/22/2010 - 23:32 | 825504 RoRoTrader
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Very best wishes, Nic. Thanks for all of your insightful articles.

Thu, 12/23/2010 - 05:44 | 825763 MrTrader
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Where is uncle Hildebrand from SNB? Time for an intervention. Everybody on Christmas vacation gives you some opportunity to jumpstart EUR/CHF, Hildi !

Thu, 12/23/2010 - 06:31 | 825775 hugovanderbubble
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Tyler and Zerohedge team  look



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