3 Mth vs Overnight Libor (daily info)
-no change
trend=no
direction=up (1 bar)
high= 0.147
rev= 0.124; mid= 0.136
The spread between 3 month and Overnight is increasing again. That spike in the overnight might have been the warning shot across the bow.
IBEX (weekly info)
WEEKLY CONFIRMATION new low 8647.30
trend=no
direction=down (2 bars)
low= 8647.30
rev= 11068.10; mid= 9857.70
Last week could have ended up a lot worse than it did. It tested lows not seen since 2009. It's below all SMA's. It failed the 61.8% retrace for the second time (weekly chart).
DXY/Gold (weekly info)
new low 0.0428
trend=down
low= 0.0428
rev= 0.0463; mid= 0.0446
The DXY/Gold ratio has been in a down move since June 2002. After a small rally in 2008 the move down accelerated. It's below all SMA's. I'd add a fibonacci retrace but it doesn't appear to be bottoming.
23 comments:
@Amen
dXY/Gold
Bottom line is that it looks like there needs to be a "lehman style" TEOTFWAWKI moment for that to even hope to correct back to the 144 or 233 ma's...
Meanwhile... keep trading that paper for paper folks...
Germany GDP
QoQ 0.1% prev 1.5%
YoY 2.7% prev 4.9%
EMU GDP
QoQ 0.2% prev 0.8%
YoY 1.7% prev 2.5%
Germany: How can they contribute more to the EU rescue when they need rescuing themselves?
@Amen
Germany: How can they contribute more to the EU rescue when they need rescuing themselves?
Answer: Via Proxy
Nice to know ol Warren Buffett has stepped up to be the first in line to show us all how it's done...
Awful nice of him...
Think ol Ritholtz is busy filing his application for citizenship?
http://news.yahoo.com/blogs/lookout/silicon-valley-billionaire-funding-creation-artificial-libertarian-islands-140840896.html
@Amen
btw... going back to the -dXY/Gold- chart...
I'd say that is a very good illustration of what CV... many months ago... described on this blog as...
"glidepath bitchez"
(with - of course - the occasional 'air pockets' - like lehman)...
---
Obama has used up the Bin Laden 'air pocket' (which didn't prove to be much of anything after all)...
In celebration of 2012 (& the Mayan calendar & all that crap)... I fully expect that we will be hit with a SCARE next year that either...
- were being invaded by aliens
- a meteor or comet is bearing down on us that will cause an E.L.E.
Of course... Obama & the Fed will "fix" it all just in time for the November elections...
Wow... That was a close one!
@Amen
Oh... I forgot to add my new tagline...
"May the FARCE be with you"
http://www.zerohedge.com/news/jon-stewart-ron-paul-media-blackout
Jon Stewart talks about how Ron Paul is being treated like the "13th Floor" of a hotel.
AR: The Jon Stewart clip was good. We were laughing about it this AM.
"13th Floor" of a hotel.
"Hotel, Motel, Holiday Inn... I say if yo girl starts actin' up - then you take her friend"
http://www.youtube.com/watch?v=b6gD_CwF5YM
louise yamada...
Gold to 5200 by 2018.
Nice.
saw a few minutes of 'The Closing Bell' on CNBS..
Bill Griffeth has, really, 'gone to the Dark Side'/'Sold Out', no?
and, Melissa Francis' tw@t should rot off, yes?
ibid.
http://finviz.com/quote.ashx?t=SODA
~38.63
goodbye~ 200dma
ibid.
by Mr Lennon Hendrix
on Tue, 08/16/2011 - 14:01
#1566168
Krugman ain't no fool. He knows very well what he is doing. His Nobel Laureate speech concerned, "The Rise of Firms". His take is that countries will give way to firms. Personal freedoms do not increase returns, firms do. He wants the corporations to take over, so he wants the governments to go bankrupt.
During the speech he even says he is lying about his theories being for the benefit of everyone, by putting his finger to his nose, several times.
THEY TELL YOU WHEN THEY ARE TAKING YOUR MONEY, because if they do, then you are a willing victem. Got Stockholm?
The Rise of Firms:
http://www.nobelprize.org/mediaplayer/index.php?id=1072
from..
http://www.zerohedge.com/news/example-non-gold-standard-price-stability-1-1516122879893320000000000000000-event
interesting..
ibid.
by Cognitive Dissonance
on Tue, 08/16/2011 - 14:51
#1566361
In fact Krugman is saying you can indefinitely postpone dealing with reality and he uses the 'alien invasion' as the transportation vehicle. You can always debase your currency by another 50% as long as everyone else does.
This BTW is precisely why Gold bugs and other assorted hard/sane money advocates are the arch enemy to fiat. It is only when insanity is seen in contrast is it so obviously insane. In a world of total insanity, practicing insanity is sane...
same source, as above..
ibid.
Krugman wants countries to go bankrupt because he's a 'tool' of the banking cartels masquerading as liberal shill who lives in academia...
Countries give way to firms...
On one hand... He's a little late with that theory because it's been going on for more than 150 years now (& that's just the 'modern' version)...
On the other hand... Why would anyone want that gravy boat to 'officially' take on new colors...
Effectively... As the so called 'FIRMS' exist today, they can privatize all their gains, and socialize all their losses (via the taxpayer)...
Just grease a few politicians along the way & it's as good as done...
If it ain't broke, don't fix it...
Firms need governments... To pass laws that say they can legally steal the productive wealth generated by labor... As long as a middle class still exists, that means there's still more wealth to steal...
re: SODA
I'm not sure the 200 has any weight at all at this point, the stock has only been around since November
what I do know for sure is some mad money can be made in options on that stock, I've made two trades total now in the stock, both options trades....very profitable
I don't think that will stop anytime soon, lots of homegamers turned on to that name
Sorry for the delay. Car battery gave up the ghost. Unfortunately it happened while getting an emissions test. Figures. Corner up soon.
Oh man.
AR. That sucks
Just noticed today that our Texas Governor decided to officially run...
That's a shame.
Really wish he hadn't.
The guy's considered sort of fool in certain pockets of Texas.
From the Socialist network at TBP:
"Thor Says:
August 16th, 2011 at 12:04 pm
Speaking of folks with horrible track records, whatever happened to Pretcher?"
Rick Perry, I heard his name about 50 times today....
and not that I care about silly comments from Thor
but for the record, EWI is ranked top 10 in Timers Digest on both the three and six month time periods
so of late, they are apparently doing a lot better than most
Thor=Tool
or, 'Tool in Mouth'
take your pick
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