A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: So you've met my cousin Downgrade. Just wait until you meet my other cousin Sovereign Default.
SPXBearish short day (tail too short for hammer). Midpoint below EMA(10). Back below SMA(21) & SMA(55). Tested and held the 23.6% retrace (1303.70). New low on daily 3LB (reversal is 1328.17). QE2infinity. "JBTFD. Don't question it. Just do it. Trust me."
DXYBullish long day. Midpoint below EMA(10). Tested and failed 14.6% retrace (75.59). Below all SMA's. Daily 3LB reversal up (reversal is 74.68).
VIXBearish long day (after huge gap up). Midpoint above EMA(10). Still below all SMA's. No daily 3LB changes (reversal is 17.25). Still in the "no fear" zone.
GOLDHanging man day. Midpoint above EMA(10). Made a new 0.0% retrace. Still above all SMA's. New high on daily 3LB (reversal is 1459.30). Holding above upper trend line. Must have the precious.
EURUSDBearish long day. Midpoint below EMA(10). Back below 1.4374 (the 76.4% retrace). Back below SMA(21). Daily 3LB reversal down (reversal is 1.4471).
JNKBearish long day. Midpoint below EMA(10). Back below SMA(21) & SMA(55). Back below its 61.8% retrace (40.32). Still below lower trend line. No daily 3LB changes (reversal is 40.21).
10YR YIELDGravestone doji day. No test of 0.0% retrace at 37.44. Back below all SMA's. Midpoint below EMA(10). Tested and held 38.2% retrace (33.71). Held the upper trend line. New low on daily 3LB (reversal is 35.55).
WTIBearish short day. Still above all SMA's. Midpoint at EMA(10). No test of 0.0% retrace. No dally 3LB changes (reversal is 112.79). Back below weekly 3LB mid (108.61).
SILVERHanging man day. Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. Holding upper trend line. New high on daily 3LB (reversal is 40.61).
BKXBearish long day. Midpoint below EMA(10). Tested and held SMA(144). Still below its 38.2% retrace (51.48). New low on daily 3LB (reversal is 53.26).
EEMHammer day. Midpoint below EMA(10). Back below SMA(21). New low on daily 3LB (reversal is 50.04).
56 comments:
http://www.financialsense.com/contributors/ashvin-pandurangi/bill-gross-master-of-monetary-psy-ops
quote...
"Without additional QE, however, the Fed loses all control of U.S. asset markets, and, by proxy, asset markets the world over. So what it really needs is a sort of timeout, in which it can engage in an immature display of wild-eyed frustration, erratically flailing its hands up in the air, shouting, "We're Done!". Then, it can sit back and watch fear set in the eyes of investors worldwide, as they realize that no more QE means no more over-valued equity and commodity markets. And no more of those means no more towers of leveraged capital producing unspeakable returns 24/7, day in and day out. Instead, all of that imaginary capital will be squashed down into a dime-sized pancake and will return nothing but the foul odor of putridly stale losses."
more...
"Every investor knows that the best and quickest way to make money is to own something that virtually no one else does, right before it gets hot and takes off towards the moon and the stars. An unexpected end to QE operations will send the dollar soaring, and as mentioned before, all asset markets plunging except for the U.S. Treasury market. Bill Gross may have dumped all of his Treasury exposure for now, but has any other major financial institution or money manager followed his suit? Has the Fed announced any plans to sell its Treasury holdings back into the primary or secondary markets?
Of course not. These institutions are not worried about rates surging outside of their control anytime soon, and will be glad to make a few extra bucks from higher interest payments (paid by taxpayers) before the "rush to safety" really gets underway. I suspect that, by that time, there would have been a significant reversal in the Treasury holdings of TRF and the superficial justifications for the investment decisions of the omniscient Bill Gross. Perhaps he will continue to have minimal exposure to U.S. Treasuries throughout the year, as a partial hedge to his fund's enormous cash holdings, but that certainly should not be taken as an absolute bet against the Treasury market."
Holy Submerging Markups, Ra. Major uglies on EEM.
Silver really is UFB, it just goes up every day. Just astounding.
Karen may be gone, but we all remember her Top™. If you look at SPX, the 200DMA is right around 1200, the area formerly known as the KT.
It felt good to have BUCKY with me today. A whole lot of Bucky. The interesting thing is how well many dividend stocks did today. Is this the end of the reflation trade and the start of the growth to value rotation?
LB
Silver and gold higher AND bucky is higher. Conundrum indeed.
There must be blog where Karen, Ben, I-Man chatting? Anyone know?
So, on the dollar, I see a double bottom (second slightly higher than the first) and a breakout from the giant bear wedge. Missing anything?
Creditcane™: So you've met my cousin Downgrade. Just wait until you meet my other cousin Sovereign Default.
After that... I'll introduce you to my AUNT 'Fairy Godmother' and her BFF the 'Tooth Fairy'...
@LB
Silver really is UFB, it just goes up every day. Just astounding.
At this point, with gold just short of $1500... I can't imagine any major reversal untiul some of these 'psychological attachments' are met...
It might inspire CV to take a look at the GOLD $1,000 level, (and what happened thereafter)...
Is it really that simple?
---
@Anon
There must be blog where Karen, Ben, I-Man chatting? Anyone know?
While I 'miss' the chatter... If it is, in fact, the case that the 3 of them have taken out a scalpel and carved themselves a little sliver of the universe, just so they can sit around and exchange proprietary thoughts (Bilderberg style) amongst themselves... I hate to say... But I hope they STAY there...
The rest of us knaves are content to 'hack it out' and WORK FOR THE WEEKEND... Oddly enough - I like being WRONG about things... I never learned anything from being right...
So while I'm sad that we're (on this blog) not 'good' or 'priviledged' to receive the daily dose of golden nuggets the 3 of them provided... I can understand their desire to exist in a higher 'Shangri-La' (instead of slumming it with us)... I wish them well anyhow in their endeavor to command the world based on 3 highly enlightened POV's...
Did my personal income taxes today. My net effective Federal rate was exactly 20%, making a "few hundred thousand" dollars. If you include medicare, SS taxes, I effectively paid 24% last year.
My bosses, who each make A LOT more than me, paid 30% in taxes.
When I was on my own a few years ago, making much less money (80-100K living la vida loca), my effective tax rate 8%.
Feels like a progressive tax system to me....
Oh wait...
I forgot THE VIDEO to go with "Working for the Weekend"...
(see - I told you I make mistakes all the time)... :-)
http://www.youtube.com/watch?v=UmvZnX8aUtg
Or...
If you want a 'different' take on WORKING 4 THE WEEKEND... I might introduce you to one of CV's 'choreography projects'... (same year - 1993 - that I'd posted MY OWN Men's Singles routine - you don't need me to dig THAT link out again do you?)...
http://www.youtube.com/watch?v=nv0NUIz5oyg&playnext=1&list=PLBD3640A23DA917FE
& what I'd actually like to know is...
"Where is THE BOHEMIAN"? (besides the one in my hand)...
---
And for that matter... FWIW... CV cherishes "contributions" MUCH MORE than LACK THEREOF...
That notion comes from 30 years of looking straight into the eyes of groups 30...40...50...200 people at a time...
You may think it's IMPOSSIBLE... But you CAN ACTUALLY 'look directly into the eyes' of 50+ people at once... (I've done 10 and even 15 THOUSAND experiences before - but you CAN'T do that - sorry, there are limits)... Probably a 'teleprompter' would be needed in such a case...
Anyway... There's a lot to be learned from that experience (looking into the eyes of 50 or so people at once)...
Especially when you've done it over 15 thousand times...
---
Did anybody know that in any RANDOM collection of about 30-35 people, the 'likelihood' is that it's SOMEBODY's birthday???
Betcha didn't know that! (but I'm sure it was on karen, ben, & I-Man's chatterblog this morning)...
A concept that CV was going to present this past weekend was the following...
A quote (penned by CV - though it probably will end up in the trash bin of other quotes from CV like, "silver bitchez", "nickles bitchez", tilapia bitchez")...
In any case... I hereby pro-offer my most recent feeble attempt at sagacity...
"In order to STAND THE TEST OF TIME... It is a prerequisite that one must, IN FACT... Have the nerve, determination, will, & endurance to STAND" (and continue standing)...
Yeah bro... We totally get behind that!
http://www.youtube.com/watch?v=AKKqLl_ZEEY
"Your feet are going to be on the ground... Your head is there to move you around"
CV @ 8:07
That sounds like "sour grapes" on your part. Personally, I miss them.
@Anon
Sour grapes?...
Wait a second now... First of all... I've said not once, but MANY TIMES... I 'miss it' too...
But life goes on...
What is it in the human condition?.. Answer me please with something intelligent... That makes people 'LONG FOR' things that they percieve have been stripped from them?... and INSTEAD... not CHERISH the things that are right in front of their face???
Please... Use all your informed and divinely inspired ANONYMOUS input to answer that question to enlighten us all...
---
Or... Let me pose another dilemma...
If IT IS... IN FACT (as you suggested in your [6:22] comment above - or is that 'another' ANON - I can't keep track) the case that ben, karen, and I-Man are off in their little Bilderberg world as we speak inserting their talons into world control and domination based on one minute market ticks... Then TELL ME... Anon...
What makes you think any of them give a flying fuck about you? (if that's the case)...
Obviously (if that is the case), they're too collectively good and important to give a flying fuck about ANY of us here...
Here's the ROSTER of people who they don't give a flying fuck about... Just for reference...
Not ANDY T (who really started this blog - and continues to STAND to make informative contributions despite the way the wind happens to be blowing)...
Not myself (who spent countless hours coming up with, what I'd considered, entertaining threads for over a year)...
Not AMEN RA (who continues to do so - and moreover SACRIFICED himself to do so when presented with a an 'either/or' choice last year)...
As soon as I'm informed that it is, in fact, a REALITY... That there is a "karen, ben, I-Man" blog... That is going to put the Goldman Sachs prop desk on it's knees and change the Wall Street culture forever, and for the good of humanity, and right all ills in the world on the subject of socioeconomics & gann angles by restoring order to our beleagured planet...
Then I'll shut down (& shut up)...
Until then - All I have to say is... "Thanks for the laughs"... Sorry if you're too PUT UPON to continue...
Jesus CV - does everything you touch turn to shit?
@Anon
I should have mentioned... FORGIVE ME for having been so 'EGOcentric' in that last post...
What about LB? (who has made NUMEROUS contributions here)... No CREDIT for LB (only 'sadness' for others)...
Bruce? (perhaps off in the KIBble world - because he's not been around for a few days - but may be busy too)...
AHAB?
Look - I don't mind... And as I've said... People come around all the time... Sometimes they disappear just as fast... That's the way it goes...
When I stand in front of 50 people (every day for the past 30 years)... I'm not focused on the 'Carolyn's' [who I have not seen since 1987]... INSTEAD - I'm focused on TODAY'S 'Carolyn' [and there LITERALLY 'is' one, today, whos has been taking my Monday class for about the past 4 weeks] - who walked up to me AFTER class and was curious about too many things that we had time to discuss before the Zumba class got going afterward...
@Anon (10:40)
Jesus CV - does everything you touch turn to shit?
From a 'horticulturist' standpoint... "SHIT" is, in fact, fertilizer (for the next generation of crops)...
@Anon
& if you're going to use 'Jesus' in a reference...
I'd suggest that you REALLY do it up right and try something like...
"Jesus H. Tapdancing Christ on a Hotplate"
Don't make me go SOUTH PARK on you...
Que sera sera. What will be will be. Here we discuss stocks and stocking up. Those who may not be posting at this time may still be reading. We all do the same thing. We still go back and read blogs but may not post at them.
"I'm just a squirrel trying to get a nut."
Barkley on the Miami-Philly games..."When is game five? I need to plan something to do since we'll be off."
@AmenRa
"I'm just a squirrel trying to get a nut."
Exactly...
May CV 'add' to that please?
Here is the tone...
back with the bass
The jam is live in effect
and I don't waste time
Off the mic with a dope rhyme
jump to the rhythm
Jump jump to the rhythm jump
And I'm here to combine beats and lyrics
To make you shake your pants take a chance
Come on and dance guys grab a girl
don't wait make the twirl
It's your world and I'm just a squirrel
Trying to get a nut to move your butt to the dance floor
So you what's up?
Hands in the air come on say yeah
Everybody over here everybody over there
The crowd is live enough as I pursure this groove
Party people in the house move
Left to right (groove) work me all night
Come on let's sweat (sweat sweat) baby
Let the music take control (control control)
Let the rhythm move you
Sweat (sweat sweat) sweat
Let the music take your soul (soul soul)
Let the rhythm move you
Everybody dance now
http://www.youtube.com/watch?v=xl_F74xBvkk
THE MUSIC IS MY LIFE!
---
Look - no offense here... But all I'm interested in here is talking to people who ARE AS INTERESTED IN BEING HERE AS I AM...
If they're NOT INTERESTED... Then dog bless them... & I wish them the best...
@Amen
Barkley always "tellin' it like it is"...
CV is A LOT like Sir Charles... (Perhaps why I'm HATED so much and why ebetything I touch turns to shit [I mean 'fertilizer']... Like SILVER - you know?
@Amen
BTW - If you click on the video link... You gotta love those "Kid in Play" haircuts...
Some may be too young to know what CV means by "Kid in Play"...
@Amen
For the uninitiated... This might be the only reference to the above they might understand...
Nevertheless... A 'CLASSIC' sample update...
http://www.youtube.com/watch?v=MqhponJtXho
Which means... In the end...
Everything OLD becomes NEW again (just like shit itself)...
@LB
Oh... & if you're not playing futbol this evening... At 1:33 of that video, there's a "Drimble Wedge & the Vegetations" clip in there...
http://www.youtube.com/watch?v=d1OHlLICfEk
which CV is considering to make the THEME SONG to this blog [whereby everything I touch turns to fertilizer]
"Jennifer said...
So, on the dollar, I see a double bottom (second slightly higher than the first) and a breakout from the giant bear wedge. Missing anything?
April 18, 2011 7:33 PM"
~~~~~~~~~~~~
You're not missing much. The possible huge double bottom on the DXY is difficult to ignore. On shorter term charts, I don't give much credence to the double bottoms..or double tops...they rarely hold.
On a chart size that big, though, it's defintely worth considering.
CV
I NEVER want to see that particular dance ever again.
LMAO
@Amen
DANCE???
Ok - how about Dance - Dance
http://www.youtube.com/watch?v=w9gOQgfPW4Y
or if that's not enough for ya...
Dance - Dance - Dance
http://www.youtube.com/watch?v=WdQUQEJb1Ok&feature=related
Just trying to help :-)
For the record, I think ben22/McFearless is a friggin' great guy and a clear thinker. I still communicate with him on email. I think Karen is fantastic as well...another "clear thinker" ... we still swap tunes when something is good.
Karen met I-Man and said "he's a keeper." Which is good enough for me.
I know they still read, but they're just chilling for now. Shit happens. People get rubbed the wrong way....get pissed off...whatever.
I truly don't mind the random thoughts that get tossed out here.
I'll keep tossing out my own 'randomness' whenever, and....keep on, keeping on.
CV
The infamous Kid 'n Play dance: http://www.youtube.com/watch?v=UFSyBBglmpI
Drimble Wedge and the Vegetations...
Where do you come up with that shit?
Good stuff
@Andy @Jennifer (7;33)
ALL CV's tags (on chart technicals), come with a FWIW tag... So 'studiously' I'll add one here...
Can't ALL you peeps see that in this ONLINE day and age that even 'grandma' (no offense ben), can see the same patterns with about two mouse clicks as everyone else?
Peeps - This ISN'T Rothschild, during the Napoleonic Wars, having a courier run back to London to MISINFORM LSE members as to the result of the battle of Waterloo (thereby putting a 'corral' on the Bank of England [and afterwards the entire planetary banking system])?...
Instead... Everything is available to EVERYONE (all in real time)...
So if you believe in the REPORTING... Then basically you're putting your belief in the courier/horserider (hired by Rothschild)...
PLEASE... CV implores you... LOOK BEYOND...
Information means NOTHING (in a 'disinformation' world)...
So... EXTRICATE yourselves from your charts...
Unlearn what you have learned... Do - or Do NOT... There is no TRY...
http://www.youtube.com/watch?v=jqOQLl7qmw8&feature=related
Shit happens.
No - CV Happens, and then turns it to shit. and then brags about being an aerobics instructor for 30 years. what do you make an hour? 15? you people stupid enough to think he has a farm? how? when? he's always here, saying nasty things about the kids who got tired of him beating them into the ground every time they disagreed with him - only to have him lie to everyone and then say he is ok with differing opinions.
meanwhile, you all follow him.
@Amen (11:43)
RMFAO!
@Andy (11:45)
Where do you come up with that shit?
The ANSWER is obvious...
EVERYTHING CV touches turns to shit... I'm therefore so closely related, it's EASY to come up with :-)
To add on to the 11.41...I also liked BinT's morning links...hope he comes back. If not, it's probably because he has better things to do in the morning. Which is certainly true....
in re: Ahab. Most of things that guy would write are things that I would have written (or wish I had written). He and I are VERY similar people. Could probably drink with that dude all night long...
Now, back the Bulls/Pacers game.
so much unnecessary drama always centered around cv
@Anon
Actually... 45...
But it really doesn't make a difference because I'd basically describe it as 'beer money'...
I'd 'do it' for ZERO (really)... But there is something in me that says that 'a coin' must be exchanged for services...
Farm... I'm thinking... Is going to be one of the last words on your lips on your dying bed (or should I say 'cot')...
Differing opinions???
Let me put it this way... If EVERYONE 'agreed' with me all the time... Then this thread would probably be populated with fancy unicorn & skittles YOU TUBE videos (instead of dope 'dance videos' & otherwise 'Peter Cook & Dudley Moore' classics)...
Just saying
anon@11.51.
Not too many "followers" here....
If you've been following along, I don't think either AmenRa or I have ever publicly endorsed anything CV ever wrote. Ever.
In fact, I'm not sure anyone here has ever public endorsed anything CV had to say. (sorry CV). Some of us just let it "soak in" when we want to and respond if we feel like.
So, anon@11.51, move along little one. You have little to add to any discussion...as usual.
so much unnecessary drama always centered around cv
Yup... I'd agree...
But wait... Let's look at that 'scientifically'...
Well... FIRST I suppose you'd have to 'characterize' the terms UNNECESSARY & DRAMA...
Then you'd have to cite dozens of specific examples whereby they were combined in the context of rational thought interference (or BLOG DISRUPTION - as the case may be)...
Hardly sounds like Global Thermonuclear War... But if an ANONYMOUS outsider cares to 'dramatize' that UNNECESSAREALITY... Then I'm all eyes... :-)
poor andy - you have fallen so far, down to what now? 5 people left who have any respect for you at all?
@Andy T (12:06)
In fact, I'm not sure anyone here has ever public endorsed anything CV had to say...
Perfectly said!!!
CV isn't here "to be endorsed" (nor ever was)... I just sign my name to the hotel registry book (you can AT LEAST be sure that it's ME who is staying in the room)...
Nothing more... Nothing less...
@Amen
I'm appalled that I might habe 'missed' this from the above collection...
(I think this stretches out to Dance - Dance - - Dance - Dance - Afterwards, you're supposed to be 'clapping your hands' or something)...
http://www.youtube.com/watch?v=OVqxJxh6ZH4
In any case... "It don't mean a thing - if you AIN'T got that swing - Bop shoo wop"
I KNO there'as a "Live at "Budokan" version of this (pre-irridiation)... I'll try to find it...
Sincerely,
Budo Khan
Thor@12.11
Indeed. I just weep myself to sleep every night....
bwwhahahahaahahh!
@Andy (11:41)
FWIW...
I agree 100%... 'Chillin' is fine... (I've done that myself about 1000x)...
BUT one should ALSO stop and consider the ramifications...
CV... ALWAYS... I mean friggin' ALWAYS gets accused of being a 'Drama Queen'...
Fine... But what is a 'collective & timed absence' to be TAKEN AS (without notification or rebuttal) other than some kind of DOG & PONY show designed to stamp into consciousness some kind of emotion???
Huh??? Beuller???
So - If CV is a DRAMA QUEEN... Fine... I can take that... But 'look into yourselves' people...
At this point... I REALIZE... CV is the one who 'seems' to be preventing that from happening...
GET OVER IT!!! (or - as another DRAMA QUEEN - Cher - might say)...
http://www.youtube.com/watch?v=0x-fkSYDtUY
How THE FUCK hard is it for someone... Who wants to CHILL for a bit... To come around and write ONE STINKING COMMENT saying...
"Peeps... I gotta 'chill 4 a bit'... catch you all in a few"...
If I remember... I've done that MANY times (pre-advised everyone that I was 'stretched' to my limits)...
NOW... Considering that... WHICH behavior invokes MORE drama???
CV
@Andy (12:38)
I was going to say...
But I don't like BEATING "maiden claimers" (so close to the Kentucky Derby)...
& further
Since I haven't even clicked on to that "knitting circle" in months (as their forensic studies must acknowledge)... Well - I must say that I'm SURPRISED that any of them are even interested in this blog...
So let me make a guess here...
Thor & Denise are monitoring this blog... But I-Man, karen, & ben... Have withered off into the abyss (and have CERTAINLY not logged on in over a month to hear anyone's thoughts)... :-)
Are Ray Bradbury or Isaac Isamov available to write a screen play on this???
CV is not sure whether he wants to SLEEP or LAUGH THE NIGHT AWAY in this moment...
@Thor
& if it WAS you...
I can now understand the $15 reference...
That would be what LOSERS pay to buy the 'idiot' DVD's from (what will be) your failing company...
So the only difference between you and me is that CV 'identified' that as a risk ABOUT 25 FUCKING YEARS AGO... (but you can keep at it if you wish)...
@Thor
& again... (if that WAS you)...
IF... In all your FORENSIC blog monitoring, it 'happened' that you got some LOG ONS from West Virginia... I'm telling you they were not from CV...
Perhaps they were INSTEAD from this guy... (who I'm pretty sure is a TURN ON to a guy like you)...
http://www.youtube.com/watch?v=9gLN3QoN-q8
Wow,
This place is a ghost town, I had to duck because the tumbleweed almost took my head clear off!
Sad.
Got this from TBP. It's one of his reads. It's really good.
http://www.newyorker.com/reporting/2011/04/25/110425fa_fact_bilger?currentPage=all
Enjoy.
I find all this kind of funny... it was Survivor Capital and most of the comments in the far past were about markets and related.
Now it's Traders Anonymous and it's all about CV pressing silver or nickels, his past and 'hey, did anyone read my xx:xx post?'
I really enjoyed reading everyones thoughts about the markets, different ways to invest, bonds, PM's and such. But that has slowly faded away.
AR, Ben, I-man and Karen contributed alot. AT also. I miss the driveby's of Nic, 18 and others. So keeping the 'shit' reference, that poster probably meant this blog is going to shit... just saying... (but hey, guess it's his blog so whatever)
@Amen (1:15)
So Perfect!... The DISINFORMATION/DISATTITUDE spin continues...
Appropriate for this world...
---
Can I ask you???... This is REALLY/SINCERELY a question (because I haven't frequented the "Libertarian" BR blog in awhile (since it's POSTS were reduced to the DeDudes, franklin 411's, denise, Thor (LAPD "blog division"), or, HOBO posts (who, as I recall, was going TRIPLE LONG the S&P at 1340)... I "would" add Mannwich to that as well, but it's of no use because that's basically just a sloppy assed sandwich that you can't even hold in two hands, doesn't taste good, and probably gives you the 'shits' anyway...
---
& this...
I find all this kind of funny... it was Survivor Capital and most of the comments in the far past were about markets and related.
Now it's Traders Anonymous and it's all about CV pressing silver or nickels, his past and 'hey, did anyone read my xx:xx post?
---
UM... As I recall... CV "gave up" the SURVIVOR CAPITAL blog in January...
Since then (January)... SILVER is up 30% (even tho I was pounding it since the summer of 2010 - about the time that QE2 was hinted at at Jackson Hole - In which case - IT'S TRIPLED...
Ben (back at that time in 2010, was 'confused' about silver)... I-Man had no opinion... karen - in the past 2 months has FOUGHT with CV day after day about silver... karen was TRIPLE short silver (ZSL)... at $32 (whilst CV was making a standing bet with Andy T that silver would see $50 before it hit $21)... CV made a comment to karen, one day, that he would BUY all her silver collection on that day...
So... YES... ben, karen, & I-Man contributed a lot...
& CV... "the grand IMPALER" whiskede them all away...
BAD MAN... CV...
Yup... ANON poster on BR's blog is probably correct... CV's blog is going to shit/fertilizer...
Note: This ISN'T an attempt to dismember karen's, I-Man's, ben's, or even Andy's calls on SILVER...
But peeps (cv says incredulously)... WHO'S BEEN RIGHT ABOUT THIS all along???
---
No doubt... I'm going to be WRONG (as sure as the sun rises tomorrow)...
But CV has also NOT been a buyer of physical silver at these levels (as I've stated MANY times)...
Hell - I'm PRAYING for a re-trace to under $30 (which I've published many times)... Although I'm happy, I suppose, I'm being referenced in the comment section of The GREY POUPON slatherer WHO BLOGS'S blog...
In a notable bold face/UNDERLINE (sorry - limited HTML tags here to underscore CV's incomprehensible rants...
This...
In a notable shift from the traditional regime observed over the past year when the afterhours session would regularly see a quiet, persistent melt up, primarily in equities, post close of electronic trading recently has been all but traditional. As can be seen on the chart below, after an attempt to ramp equities into the regular close, ES is now back to the lows of the day, where it is joined by Crude and soon- the EURUSD, which leads us to believe that the front and center story today, which was Europe until the S&P escapade, is once again in focus.
The weakness is not isolated to any particular asset class, and while gold saw no sell off following the S&P move earlier, precious metals are not spared now. Curiously, the only class that refuses to budge are LT bonds: the 10 Year has been locked at the 3.37% number since closing and is hardly moving
http://www.zerohedge.com/article/afterhours-slide-accelerates
CV is not a ZEROHEDGE tool... (but I prefer to actually consider some POV's rather than dismiss them sight unseen [for risk of appearing as a blog tool])...
In any case... Cv 'seems' to remember talking (last week) about some kind of SPX 1276 level as some kind of unforeseen level...
& as the case may be... Gold has yet to see $1500... Silver has not 'topped out' at Hunt Bros either...
I-Man, ben, & karen will be along shortly to tell me how wrong I am...
& Thor/denise (posting as ANON)...
Will be along to REMIND you of it...
CV
Ah well, another blog I used to enjoy circles the drain. Not the same without Karen, Ben & I-Man.
CV, you don't seem like such a bad guy, and I agree with your "investment strategy", as far as it goes.
But dude. I know this is "your" blog. But you post WAY too frequently! And your posts are WAY too long. I used to read 'em, now I skip 'em. Less is more, my friend.
from tbp and on thru various blog incarnations & permutations, have encountered a lot of folks who made (sometimes) interesting and/or valuable and/or entertaining contributions, among these folks all the blog handles mentioned above and others (bertie fr'instance).
daily time constraints make it difficult to near impossible now to frequent each of the blogs where these folks have dispersed, much less follow each comment section throughout every day.
seems some folks are like oil & water (don't mix well), others like elemental sodium and water (react violently).
just the nature of blogworld, i guess:
"things fall apart; the centre cannot hold"
i'm just a rodney king kinda of guy, but have no time or respect for those who post as "anonymous". c'mon man!
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