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Commodity Currencies Are Soaring
As Crude's bounce gathers pace so the world's beaten-down commodity-currencies are exploding higher. Aussie Dollar has given back all its RBA rate curt losses, The Russian Ruble is soaring, and the Canadian Dollar isd back under 1.24 against the USDollar... The USD Index is now down 1.3% since Friday.
What's good for oil is good for Russia... and the rest of the commodity currencies...
Draghi will not be pleased...
Charts: Bloomberg
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Yet Gold, Silver and Bitcoin move sideways still. Go Long Empire!
Just think of them as STILL on SALE! Keep stack'in and fergeddaboudit...
Oil up $4.50 on NO NEWS, and no change in fundamentals.
Volatility is not the end of the world. It just sort of points the way.
My office is right down the street from a gas station. When I pulled in this morning gas was $2.02 a gallon, at lunch time it was $2.40. It's now up .80c from it's lows. Good buy temporary tax cut. Oh well at least there's no inflation.
That's not a gas station but a FUTURES EXCHANGE!
BELLY UP TO THE BAR BOYS....LONG PRODUCT SHORT DELIVERY!
I'm using that futures exchange comment.
Just remember who butters your bread and repeat after me: "This is unequivocally good."
Let's see if they can beat their 800 points up in three days. Nothin more fun than to watch a sting in action....
At the risk of repeating myself:
Cue Admiral Ackbar.
Anyone who trades these markets without an inside line to the "Friends and Family Plan"...
Turn those fracking machines back on
This makes perfect sense!
The USA produces no energy whatsoever and has zero industrial plant!
Hahahahahahaha. Keep printing Federal Reserve!
The Bankers are omnipotent now!
its all perfectly understandable...
yeah, i think i'll keep buying Silver...
DEATH TO THE MONEYCHANGERS.
The money changers?
Death to the Government!
They do nothing!
Hahahahahahahaha.
Go Government Go!
Do absolutely nothing only MOAR!
THE MONEYCHANGERS R YOUR GOVERNMENTS.
Let's face the facts...ZH has been WRONG for a long long time, we have all been wrong, and we lost a lot of paper currencey, that we could have used to buy real money, because of it...I am about ready to capitulate and go into the market....I can at least admit it when I'm wrong - can you?
Go long and shut the fuck up.
He's right. People just can't accept it when they're wrong, sometimes, I s'pose. I wish I would have gone long a long, LONG time ago. Instead, I listened to people like the Tylers and Karl Denninger and didn't. Well, what can you do?
Going long at SPX 666 looks like a pretty smart move. Then again, it looked smart at 700. Then at 800. Then 900. Then 1000. Then 1100. Then...
You get the drift.
And when you say "...gone long..." I think a fair number of posters to this blog have something entirely different in mind. I'm still long and will be until I die - just not in the paper horseshit and phoney "markets" you're talking about.
+1. Going "long" is relative to the pricing mechanism used to value said "longs". If it's a debauched currency, everyone long is a hero, until that Minsky moment when they're completely wiped out.
Centrally planned ponzi market can keep going up all it wants. I don't give a shit, because the USD will one day go poof, and so will many of these "longs".
look around here...
see all those that the MoneyChangers have successfully beat down in mind and spirit...
war is not for most, and definitely not for the weak...
just sayin.
I think it may be best just to off myself....what is the point in all of this? I can see why people take the "easy" way out sometimes
silliest comment ever... get a grip and never even in jest propose the "easiest" way out...its hurts many more than you can imagine in traumatic ways for generations.
One point in a life is not a predictor of a whole life lived over decades.
There is life after bad times, you gotta get through them. And I just got almighty screwed by the banksters playing internet banking crash games as I was trying to transfer funds....huge hair cut not of my own doing. F'k 'em I'm going to be as determined, confident and resilient as I can with humour.
http://www.silverdoctors.com/one-year-in-hellsurviving-a-full-shtf-colla...
so the red arrows like the comment:
I can see why people take the "easy" way out sometimes
wow
Fair enough, Kaiser, and I love a good fight
did any of ya'll really think this shit would be a"tip toe thru the fucking daisy's"??????
u think they r gonna let u go without doing everything they can think of to keep u their debt slaves and in their worthless fucking pieces of paper????
SUCK IT THE FUCK UP MOTHER FUCKERS!
this is your very lives they r after and u have within your means to KILL THEM OFF...
GET RID OF DEBT COUPON DOLLARS AND BUY PHYSICAL FUCKING SILVER GOD DAMMIT!!!!!!!!!
I still need fiat to live, and since i have no skills (and I refure to go get skills), and jobs are scare if not impossible to get, I should have went long.
You do not need fiat to live - that is absurd. You may need fiat to enjoy your comforts of the day, but certainly not to live. The job of tending your own garden requires mostly experiemnts to gain skills, and can help keep you well fed (and so, alive)
Ahh but he prefers to joke about ending it rather than getting off his butt and being a practical self taught, independent person.
I just don't want to particiapte in society any longer, especially in the "education" system
You are on the right track...you are choosing to see it and at least mentally disengage. You cannot control what you know is happening. You may not be able to make a bunch of dosh from it.
I am one of many who would like you to participate in society. Be it quietly, and very cautiously you are a thousand steps ahead of most folks...simply because you can tolerate ZH.
Chin up my friend, fake it where you have to and get a few like minded souls around you where you can -practical, sensible souls with good humour. Also keep in mind what is esteemed today may not be tomorrow, make the true believers of the education system as small a part of your life you can...go hug a red neck ;)
If you only knew how prepared I am, since 2008 been preparing.
OK got it loud and clear, Sr Dictator;)
I have never shorted this market, but I wish I could have a couple of times. That being said, go long the fed will not let this market crash as long as rates are this low and QE is the new norm.
wrong? Tens of trillions of printed currency is wrong! You know it, we know it and it is going to end very badly. In 2007 was talking with NYC real estate guy and he said everything was great...I told him it was going to end very badly....who was right? You?
that's great and all but I missed the opportuinity from 9k to 18k in the market...missed out on lots of paper...that's a fact...fundamentals don't matter and who knows how lonmg this can go..you know it and I know it
you also missed out on common sense if you were trading soley on the reports of this site. sure, bei n the market that you know is rigged, gain some fiats, convert to assets. no problem here with that strategy, unless of course you have a concious and believe in honest work rather than "getting yours".... and your preps are complete. just know that you will not see the door slamming shut in time.
Yep, they suck everyone in on their illegal scams,,, then who are you to complain and want legal action against these manipulators, after all you profited from the scam too.
Then when everyone is fat, dumb and happy,,, they pull the rug out.
it's not about pride, not admitting when I'm wrong. you go on the assumption that all that matters is making money. at the risk of sounding a bit idealistic I'd like to offer an alternative motivation. some of us don't want any part of this corrupt system. we all go on and on about the cheating banksters and brokers, but if we chose to profit off of the same system are we not birds of a feather? I have a decent job and am content with the money I make. I have no trouble meeting my debt obligations. I also have no illusions that a mountain of money will make me any better off, that I can then enter a richer circle of friends and laugh all the way to the bank. I just don't see it that way.
nor do I see fault in anyone like dr engali who turns those profits into preps. I just don't have the drive or the stomach for it. I can get all the preps I want with the salary I earn. and I do.
Good for you - not everyone has a "good" paying job....my business has suffered, so maybe it's all I got....
Hey many of us have/are taking hair cuts.......the point is to be aware serious problems are ahead and a lot of volatility is being per-ordained..its all fixed beyond average joe's pay grade. Many of us have been slaughtered at least since the GFC (my business collapsed overnight, govt now controls my personal financial safety net from my sweat). Hey, we'll each figure it out.
Never give the pricks your soul. They do not deserve it.
Get back into the fight.
you've entered the twilight zone. accepting reality is the first step to self help.
iv'e stayed in this long because i still think the market will blow up in a glory of inflation at the .1% level, possibly the first time it has happened since the spanish empire was awash in gold. all assets owned by the .1% will continue to rise until the spigot is turned off and they have shown no compulsion to do so.
zimbabwe comparisons are hyperbole but the name fits. this is the zimbabwe model of wealth creation.
I get where you are coming from, except the suicide bit obv, but I always thought the point of zerohedge was to deter people from getting in the market at all. Permabearish as they are I never feel like shorting anything when zerohedge constantly provides anecdotal evidence of fundamentally good shorts being decimated. Before finding zerohedge I was interested in learning all I could and jumping in the market, nowadays the Tylers have convinced me all markets are extremely unhealthy/over-valued and are definitely not based on fundamentals meaning profits have more to do with luck than brains.
I have had no winners but I have also not become a bagholder, unless that bag holds physical PMs.
Watch how you throw that "we"word around Kemosabe. I have been buying the fucking dip for years, taking profiits, and exchanging my fiat for real money, bullets, bandaids, beans, and booze. I gave up trying to short this "market" after QE1, and I have the posts to prove it.
And Doc isn't the only one. Play with paper, invest the profits in something you'll actually need later. And remember that marksmanship is a perishable skill. Practice regularly.
The quad-Bs, nice list. I have a similar approach to profit exchange but my first B is brothels, the uno-B list.
"we have all been wrong, and we lost a lot of paper currencey..."
translation: youve lost nothing at all.
Fine, I've gained nothing - it's all lies from everywhere...lies, lies, lies,, lies from the .gov lies from ZH, lies from the MSM, lies from the alternative media....LIES
There you go, that's the spirit!
I got a good laugh from that one, n.d. the cadence is perfect.
Hitlery.... I'm really starting like you. Will be looking for your posts, and (contrary to the joke) - its a shitty big club that we are all in buddy. yep "all" each way.
Oh great, a manic depressive troll.
Your comment has made me decide to do the deed.....where's my rope?
ive come to the conclusion im working til im dead. there going to be no amount of $$$ too great to prevent from what these ass-clowns are doing to global financial markets. they've punished savers, killed interest-income investors, and are going to have 401ks in their cross-hairs before long. going to look into having my firm deposit my future 401k contributions out to a round-robin of hotels out in vegas - i may as well enjoy it once a year rather than have the free-shit crowd rob me at some future point in-time.
his 529 "idea" was just the tip of the titanic iceberg. this budget proposal had $6 trillion in fresh-debt on-top of the $18 we already have. at what fucking point does someone put their hand up & question what the fuck we do when & if the teasury market calls us in. i thought $10 trillion MIGHT have been the spot that clearly that was way off. so what is it? $20 trillion? $100 trillion? what comes after "trillion" anyway?
"what comes after "trillion" anyway?"
An Obamillion. They will make a coin for it. It is 3 ft diameter and made out of chocolate on the outside and yogurt on the inside.
When trillions isn't enough, the ELOI will be running things
Some will say yum yum Eloi
Shit on the inside
I have the same conclusion.
only thing is, your premis is you will live a long life, working.
mine is I will die from cancer/conscription/fukushima before retirement
Wait till oil supply number from the EIA tomorrow...going to be big build and lots of tears.
Got their Davos marching orders I guess
Aussie shows signs of an erection trading pattern.
Waltzing fucking Matilda bitchez.
oil will go down by the end of the this week.
But confetti currencies are backed by the full military might of the land of the free - and 900 military bases in 130 countries. And compliant brokers like Goldman Sachs to downgrade commodities and S&P to downgrade countries that depend on commodities
In business we call it the schnoz trap.
When oil was $75 a barrel gasoline dropped to $2.05 in October. With oil at $50 gasoline is now $2.35. The price of the base commodity is rising but still far lower than it was three months ago, yet the retail price for a finished product is higher.
It is the great Jewish business tactic of putting your competition out of business by borrowing money or using junk bonds to run your business on while you take short term losses undercutting your competitors prices. Once your competitors are dead you can buy them out cheap and raise prices above your old retail, but still below the price before you came into the game. You tell customers to be happy that they are saving money compared to a previous time period. However since you can now command better pricing terms from suppliers, being the only buyer left, you can generate a greater profit spread even though overall costs have declined and the retail price should be lower.
SO fucking tired of this shit.
Well, when oil was $10 barrel, gas was $0.75/gallon. So, oil at $50/barrel should mean gas at $3.75. Right?
these fucking headlines go from WTF to WTFF:
Italy PM Renzi says wants to help Greece within EU framework
http://www.reuters.com/article/2015/02/03/eurozone-greece-italy-idUSR1N0TH01G20150203
so let me get this straight. 1 broke EU country is going to advise another broke EU country on how to get out of bankruptcy. meanwhile, our president tells the public "our economy should be more like france" - another broke-ass country which continues to break its record high unemployment levels month-after-month.
i swear this planet has lost its fucking mind.
Funny how the USD sell-off ocurred once K-Hen logged onto BB.
Hmmm very typical of stable systems that begin to enter turbulence.
What the fuck? Things are goofy today. So you ZH'rs in high places...what is going on? Shit ALWAYS moves opposite of my moves (curse of Cramer). Grrrr
For the Aussie dollar, it might be useful to look at a chart that shows how the soaring may have something to do with the plunging it took yesterday, after the rate cut. Its still below where it was before the cut. Big whoop.
of course.
now the RBA can issue another cut next meeting.
We wouldnt want a pesky exchange rate to ruin the narrative that more cuts are needed.
What is so sweet is for 72 hours before hand my ANZ bank account would not permit international transfers, once again. All other ANZ functions worked as normal. Once again... transferring on the dip worked.
The market will never crash. Everyone will be Corzine-ed (MF Global-ed).