CBOE intraday put/call ratio very calm throughout the decline and we all know how they manipulate the VIX. I believe the XMAS rally will come sooner rather than later.
Monthly lower trend line in Gold since Jan 2012 low of 1523 points to that area as well, this coincides with a 5 year cyclical low in late winter.
on last support line. If it breaks the fall could be fast and hard.
compared with $SPX point to more downside ahead as Dribbles predicts...BUT
The $NYMO %B leading into rally time very soon..get ready for some whipsaws
rally running up to the expected modest taper at FOMC as Steve Liesman predicts. Now is the time to get serious about making a play as Gold cyclical downturn ends in the Spring and miners usually front run an expected rally in the base metal. The $GVZ gold volatility jumped 11% today and the Bollinger is coiling for a larger move as the declining wedge patterns are running out of road.
Position: 1/3 in on the GDX and Holding with the 2% dividend..LOL, under accumulation
the gold media pumpers all over the airwaves as the prices of miners go one direction
lovely declining wedge hopefully points toward firmer bottoming in Jan-Feb but I don't believe the 20.56 area is gonna hold, it might be good for a day trade of NUGT
If you would have accepted Detroit with my complements when I offerered it to you last year we may not be in this mess.
19.68 area target. Counter trend rallies are getting weaker
Nice to hear DK, companies getting desperate to conserve cash, still waiting for a good washout. Survival of the fittest going forward. Please accept my apologies for the insensitive Windy City post this morning. Imagine my surprise when I read it. Not thinking, I just had to share. Happy holidays
We are getting the worlds largest nfl big screens for the stadium and the uss New York just arrived and reported for duty. Thought about wearing a sweater this morning but the sun is warming up now.
The comparison is obvious, the question is legit. I mean no ill harm to anyone's feelings. It is a question of math and decaying infrastructure at this juncture. Time for a hard reboot I think.
t's raising the question: Which version of itself will Chicago become?
Just raising taxes, which could cause businesses to leave, or cutting services, which would penalize residents, won't be enough, said Michael Pagano, dean of the College of Urban Planning and Public Affairs at the University of Illinois at Chicago.
"I don't think either one is even a possibility," he said. "Everybody's going to have to give something."
Chicago's pension funds for city workers, police officers and firefighters are about $19.5 billion short of what's needed to meet its current obligations.
(AP) This Sept. 10, 2012 file photo shows Chicago teachers walk walking a picket line outside a...
The shortfall amounts to about $7,100 per Chicago resident. That's nearly eight times the per person cost of the unfunded pension liability in Detroit, a city that saw its population plummet in the years before it went into bankruptcy earlier this year. Add in the unfunded liability for Chicago teacher pensions, and the total shortfall jumps to about $27 billion.
City officials say the shortfall is due largely to investment losses during recent economic downturns, to workers and retirees living longer and to increases in benefits. The city's annual contributions to the funds, set by state statute, also were well below what was necessary for meeting its obligations, according to a Morningstar analysis.
Under state statute, those contributions are now scheduled to more than double next year, to about $1.07 billion. Emanuel, a former White House chief of staff who is up for re-election in 2015, says the increase is about equal to the annual cost of having 4,300 police officers on the beat or resurfacing 16,000 city blocks.
If the city doesn't cut services and pension benefits aren't changed, he says, the annual payment would require a 150 percent hike in property taxes - an increase he calls "unacceptable." Chicago Public Schools' payment to the pension fund for Chicago teachers also is slated to increase next year, from $196 million last year to $600 million.