UPDATE for BAGHOLDER naked shorties:
Latest numbers out of Scotland: 58% "No", 42% "Yes". Now I thought this election was supposed to be to-close-to-call? You guys do realize what this means for the GBP right? Now I wonder, wonder where will currency traders get the money to buy more Pounds? Oh, that's right -- SELL THOSE SAFE-HAVEN U.S. DOLLARS. And if the dollar sells off -- even just a little bit -- PM's will pop up. And what will that do to our SUCKER shortie friends? Someone is going to be filling their bagpipes with something brown when they try to cover in the morning, aye laddy?
NEWS FLASH -- NEWS FLASH -- NEWS FLASH -- LATE BREAKING ANNOUNCEMENT !!!!!!!!
Laddies and Lassies, we interrupt this warning to SLW shorty BAGHOLDERS to announce that the U.K Telegraph has called the referendum vote in favour of (blaring trumpets and drum roll, please) ----- "No".
I'm warning all my poor sweet BAGHOLDER shorties that the last of the institutional / ETF money is just now leaving the PM's; the declines of late are being driven more and more by scared RETAIL sellers along with computer-driven short-term (as in nano-second) algorithmic trading.
A weak GDP will NOT support the USD at current levels; true, the U.S. economy is technically in a recovery mode -- but just barely. 2013 avg. GDP was 3.13%. Q! 2014 was NEGATIVE 2.1% but Q2 showed a decent 4%. Never-the-less, avg GDP over last four Q's comes out to only 2.5% -- that's (4.5 + 3.5 - 2.1 + 4.0) / 4 = 2.47%.
Since Q1 2011, quarterly GDP breached 4% only twice with nine quarters coming in below 3% and six quarters below 2%. Sorry BAGGY PANTS shorties but that's NOT a recovery, King Dollar has no clothes even though currency traders are praising his new wardrobe anyway.
Recent USD gains attributed largely to declines in the Pound and EURO; in other words, the "strong" USD isn't based on any organic economic strength, just market-driven technical strength as traders seek a TEMPORARY safe haven parking lot for their cash.
Naked shorties better cover up soon, don't want to market to catch you with your BAGHOLDER pants down.
As per my following post, placed on this BAGHOLDER message board many times, I tried to warn all my POOR sweet gold and silver retail baggies and SUCKERS, again, and please do enjoy the COMPLETE WIPE OUT of ALL your 2014-2015 gold/silver CALL OPTIONS, as per the gold/silver BEAR market norm:
WARNING: SLW mega bubble is undergoing yet another obvious and puny SCAM DEADCAT BOUNCE in order to hoodwink retail baggies into purchases of even more WORTHLESS SLW CALL options!!!
As I CORRECTLY warned all the amateur gold and silver baggies many times before, the FAILURE of smaller golds and and silvers (e.g. GPL, AXU, etc. etc.) to CONFIRM the BOGUS upmove in the SLW bubble CONFIRMS WITHOUT DOUBT that the SLW bubble is experiencing yet another PHONY DEADCAT BOUNCE-----because WITHOUT JUNIOR confirmation, historically, all such BOGUS gains in the SLW bubble have been nothing more than RAMP SCAMS by the gold and silver CALL WRITERS to dump gazillions of WORTHLESS gold and silver CALLS into the hands of baggies, again
A strong dollar kills exports because it makes American products more costly. Of course, all we're really exporting is inflation, debt, war materials, death, destruction and maybe some other dribs and drabs.
Tried to warn my POOR sweet gold/silver SUCKERS and BORN FAILURES:
The radical and obscene overvaluation of SLW by comparison to its DYING WORTHLESS sector is such that it MUST DIVE into the close of 2014....and the only variable to consider is whether most of the imminent CRASH will occur in a single day or spread out over several days
pm stocks should be all green .... leading the way??? looks like capitulation but where is the reversal in pm stocks. China opens trading in real bullion in yuan today. Paper games may be over.
I know SLW is only a $2 stock ..lol but anyone with a good explanation?
Look up just the industrial uses for silver before you post nonsense like this. Then you can hopefully explain why precious metals are not needed. Judging from some of your other posts, I think not.
Sentiment: Strong Buy
...and Yellen balks proving once again, the market makes us all fools--companies, investors, and now a Fed trapped by its own ZIRP...Will we get to play this again Oct, Nov etc.?
Do bears defecate in the woods? In the meantime, a world of turtles ever so slowly peek out from under shells that should have been blown away but t'werent. We limp upward rest of the month imho.
Here's a hint--as long as rate pops loom, credit cards will look like the dessert in summer this winter retail season. Hopefully, some folks will take enough off the table to buy presents. But not TOO many.
Interest rates will go up.
After a considerable time, of course.
It should be obvious to all but the Keynesians (and maybe a few of those as well) that they are screwed. . . . .
But the truth of the matter is it could all change abruptly as soon as tomorrow. It really is only a matter of time and with geopolitics being what they are and the dollar being undermined from offshore by the big three in the SCO, the odds stack up in favor of those holding PMs.
Smoke 'em if you've got 'em.
Something is wrong when the market hinges on whether the fed chairman says two words or not.
The market is so micromanaged by the big players it has become truly pathetic. What companies do or do not do has taken a back seat to the fed's mumbo jumbo. There has to be a reckoning someday, I think and certainly hope. The folks relying on interest and dividend checks are paying for this. I feel bad for them. I cannot envision an illusion lasting forever. It has to end. Fairness, balance, sanity, whatever you want to call it, requires it to end. But remember, the stock market can stay irrational longer that you can stay solvent.