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

Tyler Durden's picture

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RobotTrader's picture

And good luck to you, Nic!!

Thanks!!

RobotTrader's picture

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.

LowProfile's picture

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

...WHO ARE YOU AND WHAT HAVE YOU DONE WITH ROBOTRADER?!

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

French Frog's picture

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

gwar5's picture

It's the end of the year, kids gotta eat and get their presents. People are closing out their gains.

MrTrader's picture

RoboTrader, I am missing your chiquitas bonitas photographs...:=) You certainly have one hidden on your desktop...:=)

Gully Foyle's picture

Black Dynamite: I'd like to take the credit, but dig, mama, there's no "i" in "revolutio...", in "team."

Tic tock's picture

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.

Cdad's picture

Oh, man...that German guy snuck in and got his pic...like 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 all...ug...

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.

Someone DO SOMETHING!

But I don't trade currencies...so what do I know?

ZeroPower's picture

USDCHF will be an epic long.

Soon...

gwar5's picture

Gold - Chinese floor

Silver - Industrial + monetary demand

Copper - JPM monopoly

 

They all look good to me.

gwar5's picture

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?

Lord Peter Pipsqueak's picture

Good luck with those SPY shorts Nic.

chinaguy's picture

"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....


swissinv's picture

gold can be only understood when looking at fundamentals:

http://www.gata.org/node/4843

Miles Kendig's picture

Terrific read all year.  Thanks Nic

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

Buck Johnson's picture

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.

RoRoTrader's picture

Very best wishes, Nic. Thanks for all of your insightful articles.

MrTrader's picture

Where is uncle Hildebrand from SNB? Time for an intervention. Everybody on Christmas vacation gives you some opportunity to jumpstart EUR/CHF, Hildi !