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This is not the start of the global panic you are looking for. That is all
The crack addict/alcoholic world economic situation is way past withdrawal and has entered the DT's.
LOL. The best medicine...
A good beer, by the way.
Banana and spice notes? You have to like that sort of thing...
Yeast used in Belgian style ales imparts some unique and very nice flavors. Might be an acquired taste, but one that is easily acquired. If you ever find DT on tap, do yourself a favor and try it.
Light to moderate on hops and malt? That ain't beer, that's banana bread ;-)
DT is nice bottled too. I'd recommend Duvel for those who may fear pink elephants. They both come in at around 8.5%.
I brewed a great Dubbel last year, double cold-conditioning made all the difference for formation of those nice esters. Expensive to make, but a rewarding result.
That is hard core.
Can't say I agree, had it in France, very disappointing (maybe it had gone bad..)
c'mon guys, get some perspective: it's a 1 minute chart; i could post dozens that look just like it and when you move to the large timeframes it looks nothing like a freefall
Aye - if you look at the 3-mo, or the 6-mo, or the 1-yr, or the 5-yr, or the 10-yr, it, er... looks much more like the approach to the bottom of a giant mountain (of unpayable debt).
If it were unpayable debt, I would short the yen.
Plenty of unpayable debt to go around. I see Kotlikoff is now bandying around numbers like $202trn... Which is ludicrous - but so is the situation the global economy now finds itself in.
remember this is a currency...a 50¢ move in an instant...is startling...especially because the yen has been hanging around that area for a while...now it punched through...i expect a big follow through.
no offense, but it only was a few years ago that even eur/usd used to spike 200/300 pips in an instant, let alone a whole minute, so 50 pips in a minute for a currency trader is not a lot unless you're overleveraged;
typical case of support giving up and traders running the stops below but follow through failed to materialise (for now): we all want to pick the bottom, and for that reason, it won't be easy
Nothing is wrong. Please make your way to the exits in an orderly fashion.
:) "as you were"
youre the undisputed king of the one liner Tyler.. respect.
Morning wood anyone?
Hindenburg scenario playing out. Buy wheat. Get out of Dodge now. Tickets to New Zealand before ground zero ingnites.
79 here we come...
two or 3 years ago jim rogers predicted 80...and here we are..
Gotta love that; "I am a shitty trader" action. heh
84, there we go.
2010, here we go.
might be some hft going nuts
japanese housewives going nuts, more like.
I've always had a fantasy about......never mind. :>)
No, do tell! It's just you and me here ya'know...
...japanese schoolgirls? oh, say it ain't so. :)
In plaid skirts and knee socks.....
"want happy ending?"
Now why would you be junked and not "Japanese school girls" above?
The mysterious mind of the conflicted anonymous junker is a wonder to behold and analyse from a distance.
Your post have me a good chuckle and just wanted you to know....
make banana cry?
It's just John "Mr. FX" Taylor been proven right again .... all his insights... all the way down....
"FX and FX's trading lay hid in night;God said "Let John Taylor be" and all was light."
-Alexander Pope would agree
"Tell me what currencies are going to do and i will tell you where the markets are headed"
- Pamela Anderson Lee xoxo ;)
A hedge fund 'doing its nuts' more like, as we Brits say
Plummet me comith
Japan's fiscal crisis- An Anatomy of a Keynesian Failure
Great Link, Thanks
ZeroHedge mentioned today at UK Telegraph FWIW :
America no longer needs Chinese money, for nowhttp://www.telegraph.co.uk/finance/comment/7958823/America-no-longer-nee...
yea, still no link, fuckers. - its good they kind of say it like everyone knows who they mean anyway though.
That's right, and they do. ZH has transcended dofollow links, that's for sure, and let's face it, 'everyone', has a browser tab on perma-ZH......
Bet the circuit breakers go off today.
serious gold whack too
Still won't go anywhere near enough for me to buy...just too rich for my blood...now Silver....that needs to come down just a bit and I'll go into buy mode.
A dip sync'd with my newfound "HFT Hold-em" winnings is a match made in heaven.
Euro just dove under 1.26
Spetacular!!! :D i´m 100% short... go baby go
Oh my God. Denninger said yesterday there was 20%-25% chance of the Hindenberg playing out. Looks like that bolt of lighting just struck something....
I was thinking more of the beginning of next week. But the H.O. inventor bailout out yesterday..he would be the one in the know.
It's gettin' scary.
Heard dogs barking this morning...
How's that dog's breakfast of a leader of the Free World working out for you?
Sometimes, even a BLIND ASS hog, finds an Acorn.
Well, it hit 83.69 but is back to 83.93 now... not saying that's great, but the vertical drop has been broken.
Classic rear guard retreat. Interesting war, not sure i want to play...
In the end, it ain't about the battles, is it?
Nope, I prefer to win the war..+10
Oh what a beautiful morning, oh what a beautiful day...
Don't forget this:
Robo, how about a YTD chart of spot and the S&P
Let me help. One year chart of GLD to SPX.
GLD to SPX over the past 6 months.
Now choke yourself, maggot!
WITH MY HAND!
I see gold is almost back to even now...
Where did Robot go?
Rebound. Maybe the barbarous relic is less barbarous than some of the paper currencies after all.
funny how he only posts the dips and then "no shows" when it spikes, kinda like our favorite punching bag, mb/jb.
and it's recovered again anyway, bit previous there Robo? ;)
OHNOES GOLD IS DROPPING IN LINE WITH THE REST OF THE MARKET!!111
I'm losing NOTHING. It's a HORRIBLE TRAGEDY!!
As long as gold can fall it's game on. When it stops falling. Games over.
lol, fer sure!
of course it does. it will recover in the aftermath.
A $5 drop in Gold prices has your panties in a bunch??
Whomever has hacked Robo's account needs to know the jig is up.
Gold and silver options last trade September options on 8/26
August future last trade 8/27.
Which means (un)usaully (un)certain take down.
Hey Robo, keep posting those charts. Every time you do, Gold immediately stages a complete recovery. Thanks buddy.
How do they say in Japan?
Robotrada, you just got knock the fruck out!
AUDJPY taking an absolute pummeling. Maybe investors are having a change of heart on Japanese demographics now the know most Japanese centenarians are actually stuffed in a sack in the back of the cupboard...
My drive to work takes about 25 minutes and I left home around 8 AM EDT. The world had changed quite a bit when I got to my office around 8:30 AM EDT.
My how times flies.
I just saw a naked tail slide beneath my door...Gross?
Uh...Bill? Where are you Bill?
Where's that helicopter noise coming from?
Preview of today's existing home sales report:
"The sales of Massachusetts single-family homes fell 26 percent in July... On a volume basis, 3,668 single-family Massachusetts homes sold in July, down from 4,967 a year earlier, the fewest number of sales in the month of July since 1990"
Not a big deal, 1000X leveraged FX derivatives are just a few trillions value.
(Never seems to get old to me... a classic)
Genius never gets old, friend.
it almost did a MAY 6 like bounce
Carry Gods be praised!
Just cut to the fucking chase and mark them ALL zero. That's what every sovereign seems to want.
I wouldn't go near the FX market today...too high a chance of some sort of govt intervention to screw up the flow.
I know this wouldn't happen but...
"CLEVELAND — House Minority Leader John Boehner is calling on the Obama administration to extend Bush -era tax cuts, freeze federal spending and fire top economic officials, including Treasury Secretary Timothy Geithner."
Republicans smell blood.. This may be the beginning of some major finger-pointing.. It's too bad the American public is dumb enough to buy into the left/right paradigm.
Really is frustrating, isn't it? One of the reasons I love ZH, people here for the most part get it.
Is that "freeze spending except for Social Security, medicare, medicaid, defense, and homeland security"?
Time to buy:
Precious metals? (futures off 1%)
Industrial metals? (futures off >1.5%)
Grains? (futures off ~1%)
Oil? (futures off ~1%)
FOREX? (other than JPY, futures off 0.5-1%)
US Stocks? (futures off ~1%)
Treasuries? (futures UP ~1%)
I get that markets are messed up. However, what I haven't got from all my reading is any idea what the wealth preserving trade is right now.
I'd probably go with precious metals except for two things:
1) If you take possession of enough physical to count, where do you keep it that is safe and not easy for the Feds to confiscate? (Remember, in '32 the Feds sealed all safe deposit boxes--first--when they confiscated gold). Silver wasn't confiscated that time--who knows about next--but where do you keep several tons of silver?
2) If you buy gold miner stocks, precious metals ETF's or mutual funds is it an illusion of ownership of the physical OR if you really own the stuff will it just be stolen by the Feds without the need to even come to your bank?
If you aren't rich enough to have a strong room in a Swiss bank, I think you are screwed no matter what you do. The middle class is always toast during major dislocations. The rich can use the blood in the streets to buy up hard assets cheap and the poor have nothing to lose and get to party (riot) hardy.
Good news is that we weren't in pork bellies overnight (futures off 26% in one day)
If you can afford silver tons of gold. You have other peoples property and they are going to come get it no matter what.
You need to stop being down with OPP.
Not a recommendation, but collectible coins were not confiscated. They also did better than bullion.
Coins are a lot easier to use in a SHTF scenario as well.
Confiscate MY ass...............I will give them a lot of metals.
This is one dude, that has taken his last anal penetration, from this crooked assed SOB we call a Gvt,(NObama's Regime) isn't getting anything else from me, except trouble.Homey is WAY tired of their fking legal theft, and games.
Anyone here allows a Confiscation, is a pussy.
What company makes home safes? Find it and take a short position on it.
Smith & Weston?
Liberty makes some decent one's, reasonable, or search T15-T-25's (be sure and add Safe to the Model #.Gotta remember, 99% of break in artists,are dumb asses.Pro's will not waste time on residences, unless LOOSE lips have been flapping.
If you have enough money to buy tons of silver, I would suggest you pick up a nice bank vault somewhere and place it in a concrete bunker somewhere away from prying eyes, and off the books. If you are really worried, you can have a cargo container with the vault drop shipped near your location, and move it in with a crane yourself (they aren't too hard to operate), and rent a cement truck to seal it into place.
You should also spread it out, keeping some in foreign locations like Zurich, Canada, and Australia, just in case.
Or you could just buy gold, and put it in a strong safe that is bolted to the ground in your house.
Note that confiscation authorities never went house to house, nor would such an effort be likely to produce anything but vast amounts of bloodshed in the future. Roosevelt's order only netted the government some 500 tons of gold, and all of that came from US banks. There was several month's warning, so those in the know got hteir gold out of the country before it was taken from the banks.
Perfect chart representation of jaw-dropping!
Could someone briefly describe the key drivers of strength in the Yen?
Did the BoJ just announce it was buying a few trillion in Japanese Government bonds?
IT'S ALL GOOD!
It broke out of a long time range. It was always going to happen. I've been writing about it for a few weeks now. My Website's FOREX guy is a moron and has been long the YEN, just like being long 1.50 on EUR/USD. Any good FOREX guys here? Come write with me. :D lol.
But seriously I have been waiting for DOW 10,000 for quite a few weeks now, and have been short quite well throughout. There was an ascending trendline and once we closed below it, it was all over for the DOW. I was about 100 points early to the party unfortunately, but still made the better part of the move. On the page below, look at the red line.
Folks this a 15 year low.
The classic question is....how low can it go?
The classic answer is......even lower.
Another classic question: why is this happening?
Serious- Japan??: what do they and their little yen got going for them over the US of A, led by not just the smartest guy in the room but maybe the smartest guy on the planet-Ever!
How about 2 or 3 short paragraphs from you smart gals/guys. I don't understand.
I do not presume to be a smart guy. The smart answer is that everyone can come up with all kinds of reasonable answers as to "why" this or that is happening. But the truth is that the world has never seen a cluster fuck of this magnitude EVER.
So to watch and understand individual components of the massive world economic system as it starts to fly apart from the g-forces of the financial centrifuge and then assign a reason for it is in my humble opinion self deluded madness on the part of the person explaining.
Often we proffer "answers" to comfort ourselves during times of stress and we disgusie our need for comfort with a calm voice and an intellectual fantasy.
Good Morning CD. This is a good, put things in perspective post.
I know you were leveraged 300% short JPY, what ha-happened? Can't say I didn't agree with the hypothesis, but the chart hadn't turned over yet... this should help put it in the sweet-spot, esp. w BoJ ready to go kung-fu on JPY's ass.
Must be the Chinese bond vigilantes.
Nothing to see here, move along, this is not the disaster youre looking for as Ben Bernanke is applying Head-On directly to his forehead and limbering up his fingers for a busy day of lever pullin!
Be Short...Be Happy.
Keep short, yeah and run into my exits. Thanks for the show program BOJ !
risk off risk off..then there's brian belsky on bloomers saying buy buy S&P goal 1300 this year..damn what a set of balls.
When there are steady outflows from the US Equities, decreases in US$ and steady increases in Yen or other Asian Forex this points to liquidation and flight of capital from US to asia. Its is typical for a US Equities wash out to occur in those conditions...however with skynet in control of markets, I'm not sure that Equities will drop immediately, just will see lower and lower real trading volumn as players exit the market, and bag holders hold bags.
Expect the terminus event will be...interesting to watch as Equities will one day simply drop and drop and drop, never to recover.
Wow. What a drop.
the guys over at Forex Factory are buying. In fact most forum guys seem to be buying. It seems like that it will continue falling as a result :D. As I posted in the link before, I really think the DOW will fall under 10,000 today, we shall see how this particular pair likes that! :)
Comex got rocked.
the flash crash of May was preceded by a day when the USD/JPY cross fell 150 bp - the next day gold fell $100, oil fell $20 SPY fell $15 etc etc. Whatever happens in the next 3 days, just don't say nobody warned and don't call it flash whatever - it won't qualify as a flash crash anymore..
"the next day gold fell $100"
Here's hopin'. I'm ready to make my monthly purchase, and I'd like to get 10% more fo my "money".
Gold only falls once. Second crash is all about selling your shoes, your car... worthless stocks, worthless bonds, stuff like that.
Man, this is getting brutal.
Updated S&P500 chart showing head and shoulders with target.
Wish I could post it, but here's the link
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