The currency race to the bottom along with one of the top teams in the world, Abenomics, has distinguished itself as the premier event of our times.
We no longer are winning the race. Lew knows it, Ben knows it. It's their way of excusing what they're doing.
Thus, the almighty Buck strengthens and PMs lose their luster.
Wait for the pitstop and the lap count.
The buck is still losing steam, just the measurements have changed to protect the guilty.
The games will continue and PMs will have their day.
Buy when others cry.
Yesterday, at the party, before dessert, Nouriel said "the mahket is going to crash. You have 2 years for that Fed buying befau it happens".
Let it be said.
Let it be written.
I don't know who Turk is. I don't follow the "bugs", although I occasionally read some of what they write.
I do know this. Most of their stories are "conspiracy theories" that have little or nothing to do with the prices. If guys like Paulsen or Einhorn get it wrong occasionally, and they know a lot more than most "bugs", then we can get it wrong also.
These guys invest billions.
Sovereign funds invest 100s of billions.
Are games played? YES
Does it have to do with Pascua and Barrick? I don't think so.
But I don't argue with them, or you or anyone who believes.
I think todays action was exactly what I wrote.
PMI spooked currency traders. Pure fundamentals.
And when the dollar started dropping,,conversely, metals, miners reversed the down trend.
GL to you. Same church........just different pew.
PMI was weaker than expected.
Dollar sank more than anticipated.
Bucks poured into equities, metals and miners.
Tomorows Fed had today's numbers.
We'll see but the set up is looking significant.
The rat is late to the game as usual.
And even when he's late, he's wrong.......
He forgot about the set up for tomorrow.
Pending home sales is split into two categories, right?
Existing and new.
If "Joe sixpack knows something bout supply and demand the pundits don't" and is not selling due to implied reasoning, then sales of new homes should rise according to your logic.
Personally,a bad dream tells me it's all whitewash. The data we are being fed (which was at one time close to real) is as bad as accounting in Haiti. Those in power control the data.
We learned from the Chinese,who learned from us,cept we started practicing it after seeing how they control public sentiment.
And the Japanese now have Abenomics, learning from us.
For almost 2 weeks now, we are reading about how some Pachech brought Boston to a halt and they want us to believe it's a lone pachech.
The news is no longer focused on the pachech in Pyong Gong. After all, pressure cookers are far easier to buy than nukes.
What me worry was far more believable and enjoyable, and trustworthy, than the Times of NY of the office of management and budget for that matter.
Let's hope Lloyd and Goldman and the management at JP let the shine back in for a while. We could all use a turbo thrust of B12 to our checking accounts.
popping in for the next run up.
Actually-Goldman Sachs reversed their short position in PMs. They advised their clients to go back into Gold.
Many on this board had it right,IMO.
The banksters dropped it and could be near a bottom. They probably all are going long PMs again for the next run up.
the economy is showing some signs of a better housing market.We see less of a chance of a systemic failure as banks are cleaning up their balance sheets.
US Banks have shown via our stress tests they are in a better position than last year. Still need to be cognizent of potential global slowdown, particularly in EU. Contagion is a factor, but represents a small risk.
We see low I rates well into 2014 and although UE has toicked down, the public sector could easily tick up and weigh on the numbers, while the private sector continues to modestly improve. Our target remains our target and is unlikely to be achieved in 2014.
The sequester and Congressional gridlock continues to hamper our views of increased GDP beyond 2 to 2.25%.
That'smy take on what he didn't say yet.
one year ago,it's been a beautiful chart and still is with the PPS well above the 50 DMA, and HUGE volume.
On top of the fundamentals and star analysts such a Meredith Whitney, and top hedge Fund performaers as large shareholders, who would short this ?????
Absolutely short panicking. At best, if they cover they lose a few thousand.....lol
But with 162M short all at lower prices, only the last few who pushed this down are only down a bit.
Give it an hour.....HAHA
I have no patience for these guys.
We on the other hand have all the patience in the world to see our gem move up in the next few days, weeks and months.
In the coming weeks and months, Jose,Juan and friends will be transferring deposits to BAC, Wells and JPM etc.
Yup,it's wrong but.....the original deal was basically to take a 10% vig.on the laundry.
After the outcry the boys get what they want.
What's outrageous here is look whocontrols the EU.
Anyone that cried out "Bankster" is vindicated. And the banksters rule.
What a world.
Meanwhile, legit money MUST COME HERE!
And this stock will make 3 attempts at $13 today.
The third will succeed.
And then, tomorrow, there will be short covering bringing us to $13.40