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   Strategies & Market TrendsBuy and Sell Signals, and Other Market Perspectives


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To: GROUND ZERO™ who wrote (43081)1/3/2013 1:15:37 PM
From: Keith Feral
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If we get another good employment reading tomorrow, higher bond yields will keep pulling the marketr higher.

So far, the debate over the cliff has been a draw as far as the market is concerned. In December, it went from 13,400 back to 12,900 anticipating that a deal would not be done. Now, it's right back where it was in mid December.

If the employment number is bad, I guess we're due for a pullback. Considering 200K private jobs were added last month, I don't see how the jobs numbers disappoint this month. Construction jobs are starting to make a nice recovery.

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To: Keith Feral who wrote (43082)1/3/2013 1:30:28 PM
From: GROUND ZERO™
   of 174870
 
I agree... also, I'm long the U.S. Dollar as of this morning, and I also went short the gold today... gold now looks like it wants to make another leg down, so we'll see... I had a rejected buy signal for gold yesterday, and the gold market still hasn't recovered from that rejection...

GZ

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To: GROUND ZERO™ who wrote (43083)1/3/2013 1:46:52 PM
From: Keith Feral
   of 174870
 
Dollar looks good and gold looks bad right now. A good employment report should be bullish for the US dollar tomorrow, assuming the dollar stays on course with the higher direction of bond yields.

As of today, the monthly indicator for the dollar is just on the verge of triggering a buy signal for the first time since August.

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To: Keith Feral who wrote (43084)1/3/2013 1:51:43 PM
From: GROUND ZERO™
   of 174870
 
I suspect you'll soon see that buy signal for the dollar... and I also think the dollar is going to rally much higher than most people now believe... everyone is so bearish on the dollar, the short side of the dollar is probably one of the most crowded trades in a long time... the same for long gold, I think everyone is "expecting" gold to rally to 2100 this year... maybe it will, but not today...

GZ

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To: GROUND ZERO™ who wrote (43085)1/3/2013 2:04:53 PM
From: Keith Feral
1 Recommendation   of 174870
 
Gartman was blathering about being long gold in Yen. That seems like a better trade than being long gold in dollars, since the Yen has been blowing up the past month or so.

There has to be a bear market somewhere right now, so gold seems like the most likely candidate after 12 years of compounded gains. Same with oil for that matter.

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To: Kirk © who wrote (43077)1/3/2013 2:10:26 PM
From: phlegmish
3 Recommendations   of 174870
 
"It is so true. Funny... I watch Boardwalk Empire and 'Treme on HBO and what I take away from those two shows is the big money is from getting government to send tax dollars to your town for "disaster relief" or "building roads" or whatever... so you can siphon off more than actually goes to helping people"

Thats the absolute truth. I live in a suburb of New Orleans where the storm eyewall hit, and the best connected guy in town got a federal contract worth about $15 M putting blue tarps on damaged roofs. He subbed out the contract, pocketed about $14.5 M, and moved on to the next contract.
Bought a piece of property in our town, held it 45 minutes, then sold it to the Sherriffs department for a $750K profit.
His last deal that made local news was a fraudulent deal to rent helicopters for the BP cleanup--- he got caught this time, and may have to rake a few leaves in a federal prison (his words, not mine).
This stuff goes on all the time...with OUR money!!!

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To: Keith Feral who wrote (43086)1/3/2013 2:16:21 PM
From: GROUND ZERO™
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Being long gold in yen is some sort of odd convoluted position... why not just be long the dollar and/or short the gold in dollars and forget about all the fancy dancing... those guys just make me laugh...<g>

GZ

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To: GROUND ZERO™ who wrote (43081)1/3/2013 2:23:17 PM
From: steve from ihub
8 Recommendations   of 174870
 
Too funny!

Flying on Air Force One, Obama looked at Oprah, chuckled and said, 'You know, I could throw a $1,000 bill out of the window right now and make somebody very hap...py.

Oprah shrugged her shoulders and replied, 'I could throw ten $100 bills Out of the window and make ten people very happy.

Michelle added, 'That being the case, I could throw one hundred $10 bills Out of the window and make a hundred people very happy..

Hearing their exchange, the pilot rolled his eyes and said to his co-pilot, "Such big-shots back there. I could throw all three of them out of the window and make 256 million people very happy.'

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To: steve from ihub who wrote (43089)1/3/2013 2:41:05 PM
From: GROUND ZERO™
   of 174870
 
Wishful thinking...<g> LOL!!!

GZ

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To: GROUND ZERO™ who wrote (43088)1/3/2013 2:43:10 PM
From: Oblivious
   of 174870
 
Short Yen and long gold.

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