Morning Audibles 9.10.10 - OK This Is Weird

OK, this is weird...


I'll tell you this little story... (It's not long, actually)... But here goes...


Last night was the start of the NFL season, so may last post on the blog, ANY BLOG, was a few minutes before 7PM (est)... I had no interest in markets, I just wanted to cozy up to the TV with some beer (Stellas, on this occasion), and watch the events unfold (I had no players on either team playing on any of my fantasy teams, but a few players were going AGAINST me on the match-ups...


I had NO IDEA what I was going to do for a thread in the morning... Markets seem dull, there's still no volume, everything seems out of whack, (yet unwilling to budge)... And, OF COURSE, we have that 2 month window into the elections where we know "THEY" always hold up the markets... I mean, you can count on it, just as you can count on your coffee machine to start percolating out the juice at whatever time you set it to... Although some of us prefer to make coffee the old fashioned way...


Anyway, by the time the game was over, I still had no idea what I was going to do as a thread... I thought the Dave Matthews Band "pre-game" concert was, um, wait for this... BETTER THAN EXPECTED... He finished, with a mix that transitioned into "Burning Down The House" (by the Talking Heads)... Which I thought was an interesting statement... I still haven't searched around the internet yet this morning, but I'm going to try to find a link...


Anyway, I wake up at about 5:30 this morning... And without doing, or thinking about anything, (and while I'm still lying there in bed)... I decide that I'm going to do a thread on GOLD... See if anything is up (or down) in that department... I swear, I didn't even look at any blogs, comments, or ANYTHING... The first thing I did was just download a simple chart of $GOLD... Here's my crappy chart...

It frankly didn't look too good (on the surface)... Well, actually, it looks FANTASTIC... Just, not in this exact moment (as it looks prepared to correct)... My "angle" on this was going to be to look at the GOLD chart from a MONTHLY 3LB perspective... So it was only then that I came to the Survivor Capital blog, and lo and behold I read the last few comments from last evening...

Nic said...

OK I am bearish Gold. Sorry Gold bugs.
Strong dollar, Possible double top, bearish evening star on the daily. If we break out of the rising channel from July lows I am a seller looking for 1200 again.

September 10, 2010 12:09 AM 

karen said...

Nic, I <3 you.. no apologies to this bug as I am so so so bearish gold as we in so cal say : )

$1200?! C'mon! can't we see lower than that?!

CV, I bot a case of Stellas in your honor yesterday.. Afraid to refrigerate them tho.. as soon as they go in, they come out..

September 10, 2010 12:40 AM 

karen said...

Speaking of bugs and buggers.. $wtic.. what was that today?! hoping it was a gift, I am.

September 10, 2010 12:41 AM 

AmenRa said...

Gold almost made it back to its previous high but got scared.

September 10, 2010 1:01 AM 

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So now my only fear is that we've unwittingly reached a consensus... Actually not, because I hope to hell this thing pulls back... We haven't had one of Andy's charts in over a month on GOLD, so I'm going to re-print the one from the beginning of August here... And maybe after he polishes off that steak in Calgary, and checks his teams FF stats, he'll know what direction to go this coming Sunday...

Gold Report 1 Aug 2010

The Dave Matthews Band (9.09.10)

"Why I Am/Burning Down The House"