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


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To: Keith Feral who wrote (43084)1/3/2013 1:51:43 PM
From: GROUND ZERO™
   of 146503
 
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 146503
 
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 146503
 
"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™
   of 146503
 
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 146503
 
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 146503
 
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 146503
 
Short Yen and long gold.

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To: phlegmish who wrote (43087)1/3/2013 2:45:17 PM
From: GROUND ZERO™
   of 146503
 
Exactly, and that goes on every day of the week, and many time overs... very, very sad and unfortunate... but, that's why going Galt is so appealing, that way, they can piss away other people's money, but they can't touch yours... not yet, anyhow... but I'm sure they'll find a way to get their grubby tentacles on it soon enough...

GZ

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To: Oblivious who wrote (43091)1/3/2013 2:56:01 PM
From: GROUND ZERO™
5 Recommendations   of 146503
 
But are you long gold in yen? I'm short gold in dollars... I'm also long the dollar, so I wonder if that means I'm really also short yen... never mind, I think I'll just have the egg roll... LOL!!!

GZ

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To: penthouse mike who wrote (43079)1/3/2013 3:51:29 PM
From: GROUND ZERO™
   of 146503
 
There's some trouble at the minor VP, so I sold all my longs and took a light short here, just for overnight... I could be so wrong...

GZ

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