Monday, September 19, 2011

$US!!

Looks like the $US, by force, is reigning in the safe haven trade this morning. I'm sure that will all change tomorrow when Ben hints a print. DOW futures are down -160, Gold hanging in, the rest look like they should fade this gap and fill in.

Site is to be launched Tomorrow or Wednesday. Finalizing some testing as we speak.

Watch the $EURO going into the close today...

51 comments:

  1. With the HFTs in place -- it appears they do what they want when they want. When countries start demanding their physical back maybe things will go our way?

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  2. Nice.... another silver sale. Thanks Blythe!

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  3. Glad I was smart and sold off completely at 9:30. I'm getting better at this. I think we can see the desparation here. They're not even being cute or subtle anymore. They're working to drop the price continuously at any little advantage they have (dollar strength this morning). Wonder when Shalom is supposed to speak this week?

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  4. Can one believe that ppl are buying dollars? Really!!!!

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  5. Blabla derisking blabla safe haven flight blabla QE3 tomorrow...

    OK guys, let's do a quick exercise in critical thinking: Why would Blythe et al., with JPM being one of the foremost shareholders of the NY Fed, short metals like there's no tomorrow, when they know that QE 3 will be announced tomorrow? That doesn't make sense right?

    Perhaps they know a little more than the rest of us.

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  6. LOL! look at the 5 min charts on Au and Ag. Right at about 930, slam!

    @Potemkin 2015,

    If they print, they will come!

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  7. At the rate that silver is dropping now, I should be able to buy a fair amount for about 36 dollars an oz buy lunch time, looks like I will be heading over to my locale PM store, they only charge 2 dollars over spot for 10 oz or more! ;)

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  8. Correct me ... I have seen this pattern before... something is coming down the pipes which has the potential to move PMs up... so TPTB hammer it...

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  9. Yep, got my buy order set at $36. Gonna gobble it up.

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  10. @felix,

    Yep! Look at what they have done for the last fucking week. The Bernakster, will print, I fucking guarantee it! Operation Twist didnt work, the Fed seems to think that inflation has waned, the market is in shambles, and all the financials are on the skids! Hes out of options!

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  11. @Thor - you guys are scaring me...

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  12. http://bobchapman.blogspot.com/2011_09_16_archive.html

    Bob Chapman - Financial Survival 16 Sept 2011

    Chappy, responds to all the PM masters and critics.
    Calls out Proctor, Dent, Russel, Rickards, Rogers! Give props to Dines, Sinclair, Farber, Celenta, Schiff, Sprott, Turk, Santelli.

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  13. That's what I'm thinking too, Felix. Although this strong $US is a little rediculous. Once the dollar index inevitably tanks we are primed for a sharp move up as PM's have stayed fairly flat during this period of dollar strength. I wouldn't be surprised to see metals start gaining around ~1pm as the shorts cover in prep for tomrrow. This seems to follow the patterns as I have interpreted them in the last couple weeks.

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  14. Reed Hastings once again proved that when you get rid of all your competition you turn into a complete idiot!

    http://finance.yahoo.com/news/Netflix-separates-its-DVD-apf-1912482126.html

    He should rename the 2 companies shitflix and shitster!

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  15. Now Chapman is parroting the "Gold Sales limited to 15K Euro BS. This is hilarious because it NOT TRUE!

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  16. felix- I think sometime before 2:15 PM Wednesday, you're going to see JPM squeeze a kidney stone trying to get those shorts covered under $36.

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  17. @DM,

    I think that was in Austria.

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  18. VIENNA (Commodity Online): A newly enacted Gold policy in Austria that restricts the free purchase of gold by individuals may just be the start of a European policy shift that might border on infringing an individual’s financial freedom.

    -As per the new Austrian policies, individuals who wish to purchase gold will be restricted to purchase only 15000 Euros worth of gold at a time making gold an officially “restricted” commodity.

    Earlier, one had to just call the local Austrian bank about 2-4 days in advance and state the amount of Gold one wishes to purchase. But that has now been scrapped.

    Although, the officials quote money laundering as the reason for the new polices, one but wonders if there isn’t more to it.

    -Meanwhile, in Italy, top industrials and professionals have sent a letter to the government and parliament to ban all cash transactions above 300 Euros, and only permit electronic transfers!

    http://www.commodityonline.com/news/Austria-restricts-gold-purchase-by-individuals-42329-3-1.html

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  19. Rick Ackerman said to look for $41.255 on Dec Silver (SIZ11). When????!!!!! next month????!!!!! Sheesh!

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  20. Thanks malcolm,

    Commodity Online is the original article that was then posted on ZH, SGS's blog, etc. People have been called Austrian banks in the meantime and asked about this "ruling" and been told it is not true, that they can buy however much they want but must provide ID for purchases over 15K Euro.

    Which is it? I'd really like to know because there are two stories floating around evidently.

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  21. @ DM,

    Are you in the EU? It sorta strange because Austria mints their own coins. Maybe they just want to hassle ppl. Until that happens here, I wouldnt worry too much!

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  22. No one gonna talk about SVM now?

    http://www.zerohedge.com/news/alfred-little-takes-down-silvercorp-again-full-report-detailing-companys-substantially-inflated

    HR408,

    Ratio is at 45+. I wish I were holding AU right now...

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  23. Thanks malcolm,

    I don't really care either way but it's the accuracy (or lack of accuracy) of the details I'm trying to figure-out. The story was originally posted on CO and re-posted by a few blogs and that is it. Do a search for it and not a lot comes-up.

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  24. @PaidInGold,

    Was I supposed to drink honey and cinder vinegar? LOL!

    I read it, same shit different toilet! Naked shorts getting killed! The company is legit!

    @DM,

    Yes, the article is all I could really find. MY question is why would Austria do that? In the EU you can hop a train to any member state and buy anything and only pay VAT and not be searched.

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  25. http://silvercorpmetals.com/news/2011/index.php?&content_id=308
    The other side to the ANON report which is released by short sellers who will make a killing on a dropping stock price. Anecdotal evidence doesn't equal truth, if i could release an anon document, that could drop the price of a stock that would be awesome. Especially if i knew the report was full of shit, then after i get the price down, go long because I knew the company was worth more.

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  26. @treez,

    The CEO bought over 230k shares last week, the company pays a dividend, they are buying back 10 mil shares, have bought back 3 so far, money in the bank, they pay Chinese taxes.

    The shorts are running scared!!!

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  27. malcolm,

    apple cider vinegar + real honey knocked out my crazy asian flu i picked up from the philippines. none of that guberment pharmaceutical shit. 100% all natural. all i was missing was some kushy plants. if you're down and out, you should give that a shot. 3-4 times a day. warms your body up almost on contact, and when you wake up from any nap, you should have sweat a good amount!

    got my eye on 7 dollar SVM calls... we'll see how today pans out.

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  28. Chart Pattern Suggests New Lows for Silver

    http://www.minyanville.com/businessmarkets/articles/silver-price-silver-lows-silver-market/9/19/2011/id/36952?camp=syndication&medium=portals&from=yahoo

    "There is a strong correlation between the valuation grade and the subsequent second leg down. The only one that didn’t fit well was 1974 which only went down 39%. However it took 4.6 years for silver to recapture its 1974 high. Note the first and third highest readings had 75.1% to 85.7% declines for silver from its dead-cat bounce high. At this point in time, the secondary high is August 22, 2011 at $44.12. A decline halfway between those two would imply a bottom of silver at $8.66. Interestingly enough, the 2008 low for silver was $8.47."

    Whatever! I wont waste my time on this, but have a look if you want!

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  29. @PaidinGold,

    I put on thermals, and a blanket, hot tea and wine (i know it has nothing to do with getting better) and was sweating my balls off last night! Feeling much better to day, nose is not running, I can breath with out sounding like Darth Vader. I'll give it a go, any ratio?

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  30. I've been reading this interesting blog for a while and based on what i've seen in the comments, i think here might be some people who would like to read the following interview with Benjamin Fulford:

    http://www.divinecosmos.com/start-here/davids-blog/975-undergroundbases

    How much of this is true and how much is just fantasy or wishful thinking.. I wouldn't know, i'm just an observer from the fringe of EU.

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  31. malc,

    i go with a 1 tbsp:1 tbsp ratio. sometimes, i go hard on the vinegar cause i'm manly like that. the heat rush that happens in your body almost instantaneously is incredible.

    http://www.health-benefits-of-honey.com/applecidervinegarandhoney.html

    i'm not bullshittin' ya!

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  32. @Sahvrivaim

    If even half of that is true it is some bona fide mind-blowing shit. Thanks for the link.

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  33. Looks like BrotherJohnF was right, we are all getting tuned. However, I am the worst market timer, so I may as well sit this mess out because as soon as I sell, it will goto the moon!

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  34. Confucius say, "He who try to catch falling knife gets bloody hands."

    Where is the floor?

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  35. how hard are you guys laughing at the experts who said metals would go nuts in september?

    NOBODY KNOWS ANYTHING. william goldman

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  36. It appears even the miners are about to roll over. Today, the US dollar looks golden, if you pardon the pun!

    Its en-mass liquidation on steroids taking a protein shake!

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  37. Could be a rough ride till Wednesday. Hold tight your overcoats and pull up you galoshes there is rough weather ahead...

    Running on empty here... no more dry powder left...

    If silver price breaks through low set on Aug.24th I will bust a gasket.

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  38. fk, shit, damn, piss, ass, balls, pussy!!!!

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  39. http://benjaminfulford.typepad.com/

    http://www.rense.com/Datapages/fulfdat.htm

    Being a die hard conspiracy theorist, I been following him for a while. I highly recommend the interview @ rense.

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  40. @Colin,

    Notice that Ag is down over 4% yet everything else is down only one or two, oh and Cu is down almost 4%.

    @felix,

    I know the felling! I've been sitting out for almost two weeks. I cant do anything is this market

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  41. felix, a gasket is about to go bust...

    ---

    as soon as i went to the captcha, i've seen you've already replied. take care, amigo. you're not the only one w/o powder. a sad day it is.

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  42. Seriously... I got the 1 oz'ers as my homepage...

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  43. Anyone else here playing the VIX? I just had a nice pop on HVU, 10%, so sold half my position.

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  44. "I refuse to believe that corporations are people until Texas executes one.”

    A big fucking, LOL!

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  45. Unbelievable. Here comes the PPT to push the markets up into the close. I wouldn't be surprised if we end today in the green.

    Does anyone out there honestly believe we're gonna get QE3? There's no way.

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  46. DXZ11 couldn't hold today's gain. Tomorrow it becomes lead contract. Gap to the downside as well as a weak RSI. Looks like this could be a top in the dollar...now whether it is just temporary or not remains to be seen. Still say it breaks 72.86 before 12/30.

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  47. Anybody there?



    Its so quiet.



    ...what was that?...




    The Dragons are coming.

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