Wednesday, November 16, 2011

Morning Corner 11.16.11

DXY (weekly info)
-no change (above mid)
trend=down
low= 75.07
rev= 78.55; mid= 76.81


DXY strength is returning. Currently it's just slightly below its weekly 3LB reversal. Oddly enough that is also the price that confirms the monthly 3LB. It's back above SMA(55) and its 61.8% minor retrace.



AUDJPY (weekly info)
-no change (above mid)
trend=up
low= 0.8080
rev= 0.7400; mid= 0.7740


AUDJPY has broken below its 50.0% retrace. It's testing its weekly 3LB mid this week. It's also below SMA(13), SMA(21), SMA(55) and SMA(89). Risk appears to be changing directions (to the downside).
at

32 comments:

  1. AnonymousNovember 16, 2011 at 7:07 AM

    Quotage:

    "Most Americans have no real understanding
    of the operation of the international money lenders.
    The accounts of the Federal Reserve System have never been audited.
    It operates outside of the control of Congress and
    manipulates the credit of the United States."
    -- Barry Goldwater
    (1909-1998) US Senator (R-Arizona)
    http://quotes.liberty-tree.ca/quote_blog/Barry.Goldwater.Quote.9F53


    "Under the surface, the Rothschilds long had a powerful influence in dictating American financial laws. The law records show that they were powers in the old Bank of the United States [abolished by Andrew Jackson]."
    -- Gustav Myers
    author
    Source: "History of the Great American Fortunes"
    http://quotes.liberty-tree.ca/quote_blog/Gustav.Myers.Quote.B23B


    "The Rothschilds, and that class of money-lenders of whom they are the representatives and agents -- men who never think of lending a shilling to their next-door neighbors, for purposes of honest industry, unless upon the most ample security, and at the highest rate of interest -- stand ready, at all times, to lend money in unlimited amounts to those robbers and murderers, who call themselves governments, to be expended in shooting down those who do not submit quietly to being robbed and enslaved."
    -- Lysander Spooner
    (1808-1887) Political theorist, activist, abolitionist
    Source: "No Treason #6" (1870)
    http://quotes.liberty-tree.ca/quote_blog/Lysander.Spooner.Quote.4F91

    the last one, especially..

    a good example of why, even among the College-edjumacated ranks, so few 'Caines have, even, heard of Spooner..

    AAIP

    ReplyDelete
  2. cvNovember 16, 2011 at 8:09 AM

    From last nights "corner"

    Nice slab of congestion last few weeks....sure looks like a triangular pattern forming.....ugh

    ---

    Wait until the LARGER ones start to appear that develop apices that point... drumroll... to just after the 2012 elections... Those will REALLY knock your socks off...

    ---

    It seems to me that I mentioned that a few months ago on this blog but got laughed out of dodge...

    Back to contemplating Ravens & Patriots & Saints & Packers... Texans & Seahawks I don't really need to worry about...

    ReplyDelete
  3. cvNovember 16, 2011 at 8:14 AM

    @AAIP

    When you lend to governments, you get the free services of their thugs, jackboots, enforcers, & shake down artists...

    ---

    "Lenders" (aka - legalized counterFIATters) & governments... a match made in heaven (HELL)...

    ReplyDelete
  4. cvNovember 16, 2011 at 8:32 AM

    BTW...

    Kyle Bass on "nickles bitchez"...

    http://www.zerohedge.com/news/some-words-advice-kyle-bass

    Note: CV started doing it before he did... But his stash is undeniably larger...

    ReplyDelete
  5. AnonymousNovember 16, 2011 at 8:46 AM

    Kyle Bass is one of the sharper dudes around..

    big reason we hear so much about 'Uncie Warren', and, so little about Bass..

    ibid.

    also, cv--, back in Spooner's day, 'they', still, had to, for the most part, Lend (Specie)..

    now, the Bernank can, just, blow Digi-Bux out of his ***..

    what's better than that?

    the Dire Straits, definitely, had it Correct.

    ReplyDelete
  6. cvNovember 16, 2011 at 9:05 AM

    @AAIP

    I think you're right... Dire Straits had it correct...

    In then end... I think Prince will have it right as well...

    (lyrics version - watch if you're 'lyrically challenged')

    http://www.youtube.com/watch?v=ym-FRRagAxY&feature=related

    (video version - if you can't read)

    http://www.youtube.com/watch?v=vZ2cAlRNR-o

    ---

    THIS is the part of me that is 'bullish' on the human race... Not the 'technocrati' or the jet pack engineers...

    ReplyDelete
  7. cvNovember 16, 2011 at 9:29 AM

    Crude = $100

    I guess the 'summer driving season' is upon us...

    ReplyDelete
  8. cvNovember 16, 2011 at 9:32 AM

    #OWS

    Perfectly summed up in one foto...

    http://cloud.frontpagemag.com/wp-content/uploads/2011/11/IMG_03851.jpg

    ReplyDelete
  9. AmenRaNovember 16, 2011 at 10:45 AM

    CV

    re: OWS

    Not really. Our own government can't come up with a solution. Why not a picture of them?

    ReplyDelete
  10. cvNovember 16, 2011 at 10:54 AM

    @Amen (10:45)

    Oh yeah... Here was one that worked out real well...

    http://aboutweston.com/summers-orszag-geithner-romer1.jpg

    That 'dreamy' SUMMER OF RECOVERY that is etched upon all of our minds...

    Note to self: Treat all things with "dream" attached to them (aka - "dream teams") as EXACTLY that... "dreams"...

    ReplyDelete
  11. cvNovember 16, 2011 at 11:17 AM

    Crude now $102

    This kind of reminds me of late 2007... Crude started going up just as banks were having the liquidity scares...

    - back then it was 'China' (& the Olympics in 2008), the 'growth story' and all that load of crap...

    - This time I suppose it'll be tensions with Iran as the strawman

    PM prices followed (back then), and rose into the summer... I suppose MF Global is this rounds Bear Stearns...

    Finally (in 2008), when all the 'winners' were pre-selected, you had Bear Stearns in the hands of JPM, Countrywide & Merril in the hands of BofA, and Wachovia in the hands of Wells Fargo...

    I suppose BAC will go this time... Rest assured that the only ones still standing will be JPM & GS... It's simpler (for THEM) that way... All of the monopoly pieces on the board into the hands of 1 or 2 players...

    The real fun will begin when they start to look at EACH OTHER as dinner... Gotta eliminate all the small frys first though...

    ReplyDelete
  12. AmenRaNovember 16, 2011 at 12:47 PM

    CV

    "The real fun will begin when they start to look at EACH OTHER as dinner... Gotta eliminate all the small frys first though..."

    http://www.youtube.com/watch?v=2cl57urqb9E

    ReplyDelete
  13. Andy TNovember 16, 2011 at 1:32 PM

    WTI/Brent spreads continue to "unwind."

    Big announcement today....

    If some COP crude trader didn't make a mint trading that spread before the big announcement, then they weren't trying...

    ReplyDelete
  14. Andy TNovember 16, 2011 at 1:35 PM

    I still want my jetpacks....

    ReplyDelete
  15. Andy TNovember 16, 2011 at 1:38 PM

    Kyle Bass and Nickels...

    That's hilarious.

    I don't think my bank would buy $10,000 worth of nickels for me.

    $1MM???

    WTF.

    ReplyDelete
  16. cvNovember 16, 2011 at 2:06 PM

    Nickles bitchez!

    Kyle was probably right... 2 more years before they start making them out of zinc or something...

    The peeps back in 1964 who started hoarding silver coins were onto something...

    ReplyDelete
  17. AnonymousNovember 16, 2011 at 3:32 PM

    forgot about this POS...

    http://www.finviz.com/quote.ashx?t=ANF

    into 'the Cracker', with that one..

    guess trying to pay-off 'Jersey Shore'--to NOT wear their 'duds'--didn't, quite, ="Turnaround"..

    AAIP

    ReplyDelete
  18. AnonymousNovember 16, 2011 at 3:53 PM

    re:
    http://www.finviz.com/quote.ashx?t=CRM&ty=c&ta=0&p=w

    Who likes this going to ~110, in near-time?

    'Earnings' "released", on the 17th..

    ibid.

    ReplyDelete
  19. ben22November 16, 2011 at 4:04 PM

    "The peeps back in 1964 who started hoarding silver coins were onto something"

    Isn't the fact though that anyone that bought silver in 1964 is still not in the black by a single penny adjusted for inflation today?

    ReplyDelete
  20. AnonymousNovember 16, 2011 at 4:17 PM

    McB,

    http://www.coinflation.com/

    the 90% Ag-Coinage is ~24x Face value..

    at least 20x, on the 'bid'-side..

    has 'Inflation' been worse than that? over that time-frame?

    it's a good Question..

    but, remember: "The U.S. Government has Never defaulted."

    "I know it's True, b/c Brian & Katie told me so!"

    ibid.

    ReplyDelete
  21. ben22November 16, 2011 at 4:28 PM

    ibid,

    I know for sure from 1982 - 2000 that silver was THE worst possible investment one could have made, when inflation was factored in it was a 90% loss

    clearly the price is much higher now, but you tac on another 18 years of inflation and I'm doubtful you are at even.

    now I'll have to look it up b/c I'm curious

    and this is not saying not to buy silver, just pointing out that nobody is looking for a 40 year loser....

    ReplyDelete
  22. AmenRaNovember 16, 2011 at 4:31 PM

    BAC $5.92 at close.

    ReplyDelete
  23. AnonymousNovember 16, 2011 at 4:48 PM

    McB,

    I hear ya..

    Ag was under U$D 5, as recently as 2xxx ..

    the 'recent' accion` <5 to 20+ to <10 to ~50 to +/- 30... has changed it's 'long-term' "performance" Markedly...

    http://www.finviz.com/futures_charts.ashx?t=SI&p=w1

    Chart 'helpful', but doesn't 'reach back' far, enough..

    AAIP

    ReplyDelete
  24. AnonymousNovember 16, 2011 at 5:08 PM

    "...“If I were Romney and Perry, I would be thinking of a way to get Ron Paul off the stage because he is a distraction,” Republican strategist Bradley Blakeman explained to Fox Business in earlier in the race.

    The "Real" Distractions

    The "real" distractions are Herman Cain and his sexual allegations, Newt Gingrich with three marriages and a record of failed leadership, Rick Perry who cannot even remember his own three-point proposal to cut government departments, and war-mongering Mitt Romney who does not know an damn thing about trade policy but did create the essential basis of Obama's reviled health care plan.

    Ron Paul has no such distractions, and that is why the media ignores him in general. Fox News ignores Paul for a different reason: Fox News favors a war monger, which means anyone but Ron Paul.

    Mike "Mish" Shedlock
    http://globaleconomicanalysis.blogspot.com

    ibid.

    ReplyDelete
  25. cvNovember 16, 2011 at 5:12 PM

    Isn't the fact though that anyone that bought silver in 1964 is still not in the black by a single penny adjusted for inflation today?

    ---

    No...

    The FACT is... the people who exchanged their FIAT NOTES for same face value silver coins back at that time are probably happy... today... with the value per weight (in fiat terms) of their even non-taxable exchange at that point...

    Who said anything about buying silver? Or, who said anything about buying copper? (here)...

    ReplyDelete
  26. cvNovember 16, 2011 at 5:15 PM

    You know...

    If you want to get right down to it... & if anyone wants to get into any discussions about "buying" things...

    I might suggest...

    - pvc piping
    - glad bags
    - 64 - 96 gallon trash cans
    - pvc 'coupling' devices

    & things like that...

    ReplyDelete
  27. cvNovember 16, 2011 at 5:16 PM

    You know... While crude is still a 'bargain' at $100...

    ReplyDelete
  28. cvNovember 16, 2011 at 5:18 PM

    But I'm sure the MORE CLEVER out there will buy 'paper crude contracts' (like Gerald Celente held on gold this morning)...

    So I'll just go back into my little hole and shut up now until I've figured out who's gonna win the Jets-Broncos game tomorrow...

    ReplyDelete
  29. cvNovember 16, 2011 at 5:21 PM

    @AAIP (5:08)

    That's all "precisely" why Ron Paul will never get elected...

    AMERICANS GET WHO THEY DESERVE...

    You can credit the 'Obama voters' for getting what thet deserved in 2008 (or the 'Bush' voters in 2000, or 2004)... I doubt it will be much different in 2012...

    ReplyDelete
  30. cvNovember 16, 2011 at 5:23 PM

    @Amen (4:31)

    That means it's going to 5

    ReplyDelete
  31. cvNovember 16, 2011 at 5:35 PM

    @ben22

    I understand your point (coming from a certain 'dimensional' standpoint of an INVESTMENT advisor) the following...

    "I know for sure from 1982 - 2000 that silver was THE worst possible investment one could have made, when inflation was factored in it was a 90% loss

    But in the context of what I've always been alluding to, that's not dissimilar to saying...

    "Well - I've had this 5 gallon container of fresh water in a sealed container for 18 years now & the damn thing has zero or less value now than it did when it was bottled & sealed"

    Then - a drought occurs, or the water supply is poisioned, disrupted, or other...

    KOOL MOE DEE says:

    "How ya like me now"?

    http://www.youtube.com/watch?v=kyFMzSu5Mcc

    ReplyDelete
  32. ben22November 16, 2011 at 5:55 PM

    look, I'm not trying to get into another never ending depate that goes nowhere here however, this:

    "The FACT is... the people who exchanged their FIAT NOTES for same face value silver coins back at that time are probably happy... today... with the value per weight (in fiat terms) of their even non-taxable exchange at that point..."

    sure, they probably happy today, whether they will be in 20 years who the hell knows

    they were happy in 82 as well, not so much in 1997

    money is made in the buying, but you never realize a gain until you sell, or exchange, and thats the point here, anyone that exchanged notes for nickles in 1964 hasn't made a gainful return, now if it's just about their feeling happy, well, I have no argument for that other than to say my goal when operating markets is not simply to feel happy.

    ReplyDelete