Dollar spikes, trades cancelled at global roulette wheel

Stacy Summary:  Thanks to @A New Era Begins for linking to this.  I suspect this is part of the whole dollar carry trade, speculative casino crazy global ‘financial system’ (sic) we have.

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43 Responses to Dollar spikes, trades cancelled at global roulette wheel

  1. @ Dante,

    I likes Bernie. :P

    As the October Crash began in the Asian markets, he asked other correspondents for money-saving ideas — and offered his mother’s soy sauce recipe. :D

  2. Here is the problem. Bernanke cannot raise rates, the dollar will continue to go down. If Bernanke raised rates now, or when the market eventually forces rates higher the IRS derivatives market will implode causing treasuries to devalue rapidly and an unwinding of the whole derivatives market therefore the dollar.

  3. Richard@lattitude30N

    @Dante: thanx ol’ boy…have been trying to ask Phil to locate this file on another comment section…a really great interview ….the bloomberg guy was taken aback by the 2:1 ratio and the numerous countries recovering their gold bullion position from holdings abroard….

  4. Asia Confidential – Bernie Lo interviews Bill Murphy, Chairman of GATA November 2009 Part 1
    From: GATAChannel
    November 20, 2009 |
    GATA Chairman Bill Murphy appeared on Bernie Lo’s program Asia Confidential on Bloomberg TV on November 19, 2009.

    http://tinyurl.com/yjtyqxw

  5. Err… “Ben”

    *tired*

  6. nevermind.. I think I’ll ask been when next shorting will occur..

  7. Can anybody hint me on next weeks events, specially on monday.. Not sure if I should wait for next silver raid or buy some this weekend?

  8. Hockey stick fraud

    So,

    What we have here is evidence that the team has engaged in:

    1. Conspiracy
    2. Government Fraud
    3. Computer Fraud
    4. Obstruction of Justice
    5. Environmental Law Violations (Falsifying lab data pertaining to environmental regulations) (snicker)
    6. Suppression of evidence
    7. Tampering with evidence
    8. Public Corruption
    9. Bribery

    Does that cover it?

    http://wattsupwiththat.com/2009/11/20/mikes-nature-trick/

  9. @A_New_Era_Begins,

    I agree with your analysis, that gold will drop rapidly sometime soon as the Dollar Carry Trade unwinds. But when? I could se the current rally continuing for six months easily, for what its worth.

    Its interesting that GS expects gold to decline to $960 according to Youri. This disagrees w/ Mark Fabers recent prediction that Gold > $1000 forever.

    Perhaps GS is luring people into shorting gold in the next 3 months when in fact it will tumble 6 months later?

    @Youri, where’s your source of info for the GS gold position expiring, and when does it expire. I’m not even sure GS minds losing $5 billion. That’s just one round of bonuses right?

  10. A New Era Begins

    @ Youri Carma

    “That’s why menions of the NWO have been spreading the news that gold would go down.”

    Ummm…. I’ve been saying that too. I hope I’m not a minion in your opinion.

    Gold will go down because the US is about the enter into the second phase of its deleveraging process. This proccess is deflationary by nature.

    So…. when people get scared they buy the dollar because it’s the currency upon which global trade depends, and even though there have been some mummers here and there about nations using other currencies besides the buck, nothing big enough to replace the current system has emerged.

    Therefore, because about 90% of the price action in gold is due to the dollar. (Drum roll) Gold and all the other commodities will get hammered in the short term, just like last winter.

    However, once the dust settles and the people beg the government to fire up the printing presses again…… that’s when gold makes its early 80′s move.

    Remember: nothing moves straight up or down in markets. It’s gotta bounce around a little. The people want a good show.

  11. November 03, 2009 on Seeking Alpha http://tinyurl.com/yj9qlxx

    In the metals markets Goldman is surprisingly bearish on Gold and Silver. Their 3 month and 12 month price target for gold is $960. Their 3 month target for silver is $15.60 and their 12 month target is $16.

  12. Just listen to Bob Chapman on the AJS (still on) and he said that they’ve been trying to surpress gold for a week now. That’s why menions of the NWO have been spreading the news that gold would go down.

    The reason for that is that Goldman Sachs has shorted gold for about $5 billion and it’s comming due soon. If they can’t surpress the gold in time the criminals gonna lose $5 billion.

    Try to get more info about the subject.

  13. Malfeasance I tell you, Malfeasance.

  14. Yeah, and the US are accusing China of Yuan manipulation.

  15. James Bond fans need not look for another sequel, as this freak of an economic show has enough twists and turns to keep a suspence thrill seeking action junkie occupied well into the age of Aquarius.

  16. Manipulation, as a form of subliminal stimulation.

  17. A New Era Begins

    9 % in a day…. sounds ultimately like a computer glitch.

    Speaking of…..

    blackouts in brazil – computer glitch/hackers

    FAA Problems cause massive problems – computer glitch

    and now this – computer glitch

    Oh, and the President can take over the internet in a state of emergency.

    Stay tuned for more!

  18. - Geithner will be fired soon (replaced by a friend)
    - The fed will be audited showing there is no there there
    - The dollar will trail off like a lire on crack but nobody will care
    - Tungsten will become the new gold as central banks and dealers fight over the real stuff
    - Nuclear powerplant will go ahead as the military sells its stockpile and the industry pretends there is plenty for at least 100 years.
    - The US cities will start to look like istanbul, workshop beehives.
    - The last drop of oil will be bought by a Donald Trump surrogate on the charred remains of earth..

    do you mind, ME? I can’t help adding to the list…

    -TonyBlair will announce a coup of the EU presidency. Dick Cheney will lead Nato forces in Europe.

    -Netherlands workers will submit to a new program of “shared integrity for the greater good of our EU” with Spain and Ireland: with a forced mixing of the inhabitants of all three countries. Germany will oversee the “profits” to guarantee a share for the future progeny.

    -Ration card wills not include alcoholic beverages in Europe during the “unavoidable diress” created in the currency markets due to “American excess”. Booze can be had for triple the cost on the black market at great risk to personal safety.

    `An eventual wind-down of the dollar will lead to Trichet announcing the end of the dollar-value-index basket trade for the “collective good”. Anyone outside the sdr-manipulated bond game will be ‘screwed’.

    -American “guest workers” will arrive in the Netherlands in droves to replace the exiled EU citizen-worker-Dutch. The Americans will happily settle down for generations and generations. McDonalds theme parks will extend along several coastal areas to service the workers as ‘reward incentives’.

  19. “the future is resisted”

    What future is resisted, Stacy?

  20. @Mother Earth

    Re: Tungsten/gold

    Did you read Jim Willies latest on this very issue?
    http://news.goldseek.com/GoldenJackass/1258596000.php

  21. Something going to happen today I think !!!

  22. New York, New York, a helluva town.
    Gold is up, but the S&P’s down.
    The people ride in a hole in the groun’.
    New York, New York, it’s a helluva town!

  23. The SEC surrenders to the oil industry

    … Otto points to a stunning report by oil consultant Alan von Altendorf which spells it all out. Up until now, oil companies needed to actually prove they had reserves before they reported proven oil reserves. Now, however, the SEC is allowing them to use internal, proprietary computer models to essentially pull their “proven reserve” numbers out of thin air (or the nearest friendly Monte Carlo simulation).


    http://blogs.reuters.com/felix-salmon/2009/11/20/the-sec-surrenders-to-the-oil-industry/

    The report is here :

    The Tragedy of 21 Darts
    Alan von Altendorf
    CWSX LLC
    http://www.cwsx.org/21darts.pdf

    Last page :

    The Looters Ball


    Tradition, discipline and rules
    must be the tools
    Without them?
    Disorder, chaos,
    moral disintegration
    In short, you
    have a ghastly mess!
    – Mr. Banks (‘Mary Poppins’)

  24. I wonder if there is a bang we are still waiting for, and if that will actually happen.

    - Geithner will be fired soon (replaced by a friend)
    - The fed will be audited showing there is no there there
    - The dollar will trail off like a lire on crack but nobody will care
    - Tungsten will become the new gold as central banks and dealers fight over the real stuff
    - Nuclear powerplant will go ahead as the military sells its stockpile and the industry pretends there is plenty for at least 100 years.
    - The US cities will start to look like istanbul, workshop beehives.
    - The last drop of oil will be bought by a Donald Trump surrogate on the charred remains of earth..

    In some remote log cabin I will be pulling an evil face and laugh like a maniac staring down on a small pile of gold bars with which I now can buy a mountain…Whoahahah!!

  25. From DEALBREAKER today…

    Bank Of America To Lock Themselves In A Room Sunday Night Come Up With Someone Willing To Take Over For Ken Lewis, Maybe
    Posted by Bess Levin, Nov 20, 2009, 1:19pm

    Someone Else Thinks Ratings Agencies Do A Pretty Piss-Poor Job
    Posted by Jon Shazar, Nov 20, 2009, 1:02pm

    http://www.dealbreaker.com/

  26. What nut case is selling gold and what is there game if there not nuts are they broke?

  27. Perhaps someone took their thumb of the scales?

  28. @Stacy …. the ICE is as corrupt as the Comex, the Nymex and the NYSE;

    100%

    The 150$ Oil was instrumented via ICE.
    No investigation of course !

    Certain BIG banks ( we all know who ) moved their oil trading-terminals onto the ICE and got special Govt. permission to do so … it was OF COURSE granted !!!
    ICE doesn’t conform the US Regulation rules .

  29. dxy, a dying fish flopping around on the dock

  30. @Dan – what happens in Vegas, stays in Vegas; it’s a global casino, the ICE is as corrupt as the Comex, the Nymex and the NYSE; it could have been a big hedge fund going bust, it could have been some govt market manipulation, it could have been a massive carry trade unwind, it could have something to do with options expiration on gold next week; lots of currencies, companies and nations are going to get whacked over the next year or two as the future is resisted

  31. I would add that its very close to gambling, even more so than in the equity market since overnight news quickly either drives the dollar up or wildly down at the open. If you look at a chart of this thing its full of more gaps than Swiss cheese. Gap ups and gap downs all over the place. You can’t trade that. But if you like to gamble I suppose it could be fun. I don’t see where its chartable however despite all the chartists out there who will bull s… you and tell you where ‘support and resistance’ is in this thing.

  32. lots of suckers have been bottom-picking the dollar like mad over the last month or so around 75 area expecting a bounce back towards 80 and a sell off in the equity market which is basically topping out now. Those trying daily to short the SPX are also often buying UPP, the accelerated dollar long vehicle.

  33. So who was buying the dollar then?

  34. Justget Itright

    Holy shit!! Wish I could cancel my f*ckin orders.

  35. this does not surprise me. This is OE Racketeering Week the most criminal week of each month on Wall Street. The Criminal houses who have sold options and calls for the month attempt very successfully to vaporize the value of those options by spiking prices in huge reversal moves artificially thruout the entire week. so basically when momentum is up into OE Racketeering Week it will suddenly go down with selling near the beginning of that week for 2 days. If momentum is down into that week it will suddenly reverse and go up.

    This is one of the undisclosed ‘games’ that happens with high probability each month but is never,ever discussed in the Media . It is a tradeable event but only if the trader is patient and has turned off all of the noise creating volatility of the week involved. This behavior is about the clearest and most obvious example of market manipulation by the large houses.

  36. What gives ICE the right to CANCEL ALL TRADES ABOVE 76.50 on the Dollar index?!!!

    See Stacy this is a good example, every time this thing starts to unwind “they” come in and kick the can.

  37. max… comments, please?

  38. Well.. a mutated swin flu virus discovered in Sweden and Norway.. this is sooooo predictable.. the collapse in financial system is close because now it draws closer to the REAL outbreak of the fake flu…

  39. Seriously, WTF?!

  40. A New Era Begins

    @ Stacy

    Thanks you for posting this….. I can’t seem to get any answers from anyone about it.