We have a little rally going on here in an oversold stock market, weekly $SPX RSI is about 38.66, still low but rising. Should get a couple weeks of this, some kind of retrace of the previous decline. Then we’ll be in the fall. Then it will get real fun.
That’s no shit! Everything appears to be going bonkers! I’ve watched these markets for too long not to understand we are in a world of hurt that our “Black Swan Friend” can only reveal.
Peacefully, I hope. . .
Mark
Al Kyder
JAPAN DOWNGRADED
Ratings agency Moody’s has cut Japan’s long-term debt rating, citing concerns about the size of the country’s deficit and borrowing levels.
The rating has been cut to Aa3 from Aa2.
Japan has been trying to recover since the global economic crisis hurt exports.
Moody’s says the huge cost of rebuilding after March’s huge earthquake and tsunami is also hurting the economy.
Alastair Carnegie
Quote:- “…Normally the markets are portrayed as a battle between fear and greed, but more and more it looks like greed left town and all we have is fear….”
The Fall, October 19th is a Wednesday, and a few will remember that historic black day. That time of year tends to be gloomy. “Trader The Documentary” featuring Paul Tudor Jones, is worth watching. (Google Videos). Jones trippled his money on a hunch, and is now a legend. Traders with a strong position in ‘real’ assets, are going to get first preference at the Casino. They stand to lose it all, but they have something to lose. Traders with ‘flexible’ portfolios will need to trade on trust. The temptation for some in a hole is to keep digging! make bets they can’t afford. Today’s Bloomberg “TIP” that Gold will drop to $1442 at years end, tells me that smart traders are looking for ammunition aka “schrapnel” at discount, ahead of a potential roller-coaster ride.
Awww just great
The markets have not even opened yet in Asia/
As I knew, the printing presses would do this over night.
Their are crazy wild swigs in the US$ valuations of everything, especially Gold and Silver.
Spot Gold is down 7.62% but only 3% in South East Asia
In 4 hours Asian trading will try to push that price back up into positive territory. How long can this game go on.
Gold still pegged at 1000.00 SDR.
Silver fell to 27.33 SDR
We have a little rally going on here in an oversold stock market, weekly $SPX RSI is about 38.66, still low but rising. Should get a couple weeks of this, some kind of retrace of the previous decline. Then we’ll be in the fall. Then it will get real fun.
Massive demand for TAM podcast still goes unmet.
We WANT TAM !
yes, really, where is or what happened to tam? something to do with the riots maybe?
M+S have abandoned their people
That’s no shit! Everything appears to be going bonkers! I’ve watched these markets for too long not to understand we are in a world of hurt that our “Black Swan Friend” can only reveal.
Peacefully, I hope. . .
Mark
JAPAN DOWNGRADED
Ratings agency Moody’s has cut Japan’s long-term debt rating, citing concerns about the size of the country’s deficit and borrowing levels.
The rating has been cut to Aa3 from Aa2.
Japan has been trying to recover since the global economic crisis hurt exports.
Moody’s says the huge cost of rebuilding after March’s huge earthquake and tsunami is also hurting the economy.
Quote:- “…Normally the markets are portrayed as a battle between fear and greed, but more and more it looks like greed left town and all we have is fear….”
The Fall, October 19th is a Wednesday, and a few will remember that historic black day. That time of year tends to be gloomy. “Trader The Documentary” featuring Paul Tudor Jones, is worth watching. (Google Videos). Jones trippled his money on a hunch, and is now a legend. Traders with a strong position in ‘real’ assets, are going to get first preference at the Casino. They stand to lose it all, but they have something to lose. Traders with ‘flexible’ portfolios will need to trade on trust. The temptation for some in a hole is to keep digging! make bets they can’t afford. Today’s Bloomberg “TIP” that Gold will drop to $1442 at years end, tells me that smart traders are looking for ammunition aka “schrapnel” at discount, ahead of a potential roller-coaster ride.
Schrapnel is the old City slang for ‘coin’.
UK Telegraph warns of market crash
http://www.telegraph.co.uk/finance/financialcrisis/8721151/Market-crash-could-hit-within-weeks-warn-bankers.html
@Al Kyder
Thanks for info.
Can you share where you get the SDR Vs Gold numbers/chart?
I think you are on the right track with the 1000 SDR=1 oz Gold.
Is that what it was, and has been for a while?
Thanks.