HYG (weekly info)-no change (above mid)
trend=no
direction=down (1 bar)
low= 82.51
rev= 90.12; mid= 86.32
HYG still above its weekly 3LB mid. It's now failing the 38.2% minor retrace. It's still above SMA(21) even though the slope of SMA(21) is down.
LQD (weekly info)-no change (below mid)
trend=no
direction=down (2 bars)
low= 110.25
rev= 115.60; mid= 112.93
LQD is weaker than HYG since its below the SMA(21) and weekly 3LB mid. It's still above the 38.2% minor retrace. These upward moves don't look that promising.
AUDJPY (weekly info)-no change (above mid)
trend=up
high= 0.8080
rev= 0.7400; mid= 0.7740
AUDJPY is slowly working off the CB intervention. It's back below the 50.0% retrace. It's below SMA(21). It couldn't hold the upper trend line.
32 comments:
@anon
from last thread... Good chart porn there...
All I can say is... "Illuminati"...
---
I pretty much see the evolution of media and television (in my lifetime), as a never ending campaign to emasculate white males...
You'd better 'sign up' & align yourself with the propaganda that's being streamed into your box everyday, or risk being marginalized by LOUDER (though not yet more 'populous' demographics)...
What was always IRONIC to me is the following...
Media Conglomerates hold nothing back in their attempts at 'political correctness' & otherwise 'homogenization' (portraying that as NORMAL)...
Yet it is THEY, who, from the beginning, have always been in love with DEMOGRAPHICS (& statistical computations of demographics)...
It's of UTMOST IMPORTANCE to them if...
- you're white, black, hispanic, etc.
- christian, jewish, muslim
- under 18, 18-34, 34+, 65+
- male, female
- straight, gay
What would their world be if, tomorrowe, we all woke up tomorrow to find we were all "mulatto, atheist, hermaphroditic, bisexuals"
I guess the AGE thing would still be hard to get around... (until we lived in a world like LOGAN'S RUN - which is, I suppose where we are headed)... JETPACKS BITCHEZ! (I wonder what the DOW will be at when I'm forced to go to carousel)?...
@Amen
Uncanny (to me anyway)... How the SILVER & JPM charts seem to basically track each other step for step since Jackson Hole '11...
Even the PRICE levels just about match... The only basic difference are two things...
1. JPM always stays a bit above silver
2. The 'compression' (or gap) between the prices is narrowing a little more as time goes by...
Anyway... Just an observation...
Probably be a good time to take a look at which large shareholders of JPM have been cashing out their shares lately...
& let me just take a wild guess and say that if TSHTF & BAC goes tits up... There will be much hand wringing, & of course, the NEED for new share offerings at all the big players left on the monopoly board...
My guess is that if there is a big crash (like 2008), GS will be taken back private... The sheeps will be sheared into buying diluted JPM stock... Your 'echo' will be more easily discernible in the Comex silver vaults... But then the S&P will roar back (because of the new issuance of diluted bank stocks)... & the system will have been 'saved' once again... Which will last for 4 more years... Only this time, your 'Cheerios' (that cv likes to piss in) will cost $7 bucks a box (for an even smaller box)... & the SNAP enrollment will surge to about 75 million...
Oh yeah... & the 'summer of recovery' of the next administration will be to defecit spend on JETPACKS (because everyone knows that they'll be 'solar', or 'thorium' propelled & only subject to Newton's Law's of thermodynamics in the opposite direction (meaning they are net PRODUCERS of energy)...
I think Obama, right now, (you know, while he's riding his $10,000 mountain bike on flat pavement with his little 'crashy helmet'), probably has 10 'czars' lined up to control the industry that created abiotic oil which fills spent wells via the ground return percolation of solar powered JETPACK contrails...
Of course, that's all just a wild guess...
Time Magazine 'PERSON OF THE YEAR' 2011 - The Protestor
http://www.washingtonpost.com/blogs/blogpost/post/time-person-of-the-year-2011-the-protester/2011/12/14/gIQAvZtntO_blog.html
---
lol
This is an outrage to our "Hope & Change" society that we voted into office last go around...
Where do I sign up to PROTEST this negative nancy journalism & mis-representation?
McB,
Ducks Unlimited has a "Surprise" for you..
http://www.ducks.org/eblasts/2011/yearend/crosby/?hq_e=el&hq_m=2683581&hq_l=1&hq_v=0c2be429c6
AAIP
Gold -4.8% -$80
Silver -7.6% -$2.40
Oil -4.4% -$4.40
Copper -5.0% -$0.17
Margin calls must have started at the opening bell.
I do think it is interesting how the debt bubble is playing out...there is even a video now on CNBC with Jim Cramer talking about how deflation will affect oil and gold prices.
It is interesting how the Bernankes of the world have reached their conclusions about our recent troubles and the story of the Great Depression. However, I thought and still do, that the great difference was the massive household and sovereign debt, and had and still do have trouble seeing how hyperinflation begins in that scenario.
Still doing what I was doing in 2008...still sleeping pretty good..
AA is 8.91 today...this still tempts some of us..
man did I get very lucky when I sold most of my gold stash near the top, hasn't been near that price since. 3 bar buy back limit on cash that day (what they told me) so had to walk in/out numerous times. I remember watching many peeps buying 10oz+... might be a while before they see a good return.
@QQQQ (12:40)
Well Q's... While you can feel all good about your 'trading' prowess... I wish you luck, if you ever decide to... To get any of that gold back in your hands...
I've already been to 3 local coin shops today to make a purchase... Was laughed out of town by all three... Nobody was even willing to part with a single 1 oz. round... Not even JUNK in low quantities... They all had plenty of stock on hand...
Exasperated finally, I got in a conversation with the last guy... I said, I 'realize' that on a day like today why they would want to sit tight with their inventory, but I asked him how long a dealer (like him) would be willing to 'hold out' (not making any sales if the PAPER silver & gold markets were crashing)... He said he didn't have a clue & that he would take it as it comes...
I asked him if he would BUY any gold, silver, or junk that I was selling (if I'd come into the store for that purpose)... YES, I'd do it gladly...
I also asked him what his price "over spot" for 1 oz. silver rounds was yesterday... It was $1.50 over spot... So I asked him if he would sell me a 1 oz round at, say $33 (a $5 over spot markup based on todays spot)... he said 'SURE'...
---
So as I said... GOOD LUCK GETTING YOUR GOLD BACK...
One of two things is going to happen...
1. The 'physical market' totally freezes up (or is completely re-vamped, margin wise)
2. You MAY be able to find some clueless dealers (but good luck with that electronic day trader of paper...
I'm sure none of the above will apply to any traders on this blog though... I'm pretty sure ALL of you who 'top ticked' your physical PM's will have coin dealers calling your homes BEGGING for your fiat to take all the worthless gold & silver off their shelves for a few of your SODA shares...
Sorry to sound so [snarky], but days like today really piss me off... NOT because PM's are down... Just the opposite... Because when THEY ARE down, there's nothing that anyone is willing to sell you... & to top that off, I have to read comments from paper jockeys who want to wave their BIDU & NFLX shares in my face...
oh... & I assume you PROFITED from that sale of your gold bars...
It's almost December 31st... Be sure to report the profit to the IRS like a good citizen!
Maybe all of you should also start considering riding a bike to work for the next few months...
After all... With all this deflation that's coming, oil ought to be $10 a barrel again by March!
No sense in overpaying a premium now... Wait until next year & buy the entire municipality of Cushing, Oklahoma just by peeling off a few AAPL shares...
I told my mom to just SAVE her Social Security check for this month... Put the cash under the pillow because by next year she ought to be able to buy her own private island with just one months stipend...
After a long absence the Drama Queen is back.
BinT
re:AA
The low from 7/09 at 8.96 appears to be support since AA is below its 38.2% minor retrace (10.78). Other than that it's air between the 38.2% minor retrace and 0.0% retrace (4.97).
GS, C, BAC are lower while WFC, JPM, MS are higher. What gives? Why the disconnect?
@Amen (2:13)
Ummm... How about this for an explanation...
We are re-living 2007-2008 all over again... MF Global was basically the "Bear Stearns" in this go around... THERE IS NEVER ONE COCKROACH...
The game is the same... C-O-N-S-O-L-I-D-A-T-I-O-N... Last time around they divvy'd up the Bear Stearns, Merrill, Countrywide, Wachovia & eventually Lehman assets... Good parts stripped, bad parts sectioned off and put on the US taxpayers tab...
Round 2 is here... It's getting tougher to play now though because what you mentioned above is all that's left (except for the big 'hedgie' houses which I'm sure will get gobbled up here, but it won't be headline news)...
At this point... All you need to identify is "who are the MOST ZIONIST of the remaining ZIONISTS"...
JPM & GS are the obvious answers... BAC & C never have beem worth shit & are arguably worse now than ever... I'll leave MS & WFC out of it for now because they're basically 'peon's' in what remains in this game...
So why the 'disconnect' between those which you say? After all, if they were bringing lambs to slaughter, wouldn't GS & JPM be strong & BAC & C weak?
Answer: No
Because GS is going to be taken private... Hell, they're probably out there shorting their own stock by whatever means available as we speak...
During the next collapse... GS will go low enough that when the FREE MONEY comes in to rescue us all from TEOTWAWKI, again, GS will have a deal in place to take itself private... So what will be BAILED OUT (this time) will be C & BAC... By that time, whatever they have left (that's working) will be stripped away yet again (probably by Goldman just before they go private)... The shell will do YET ANOTHER share offering (which the momo's will have to buy), and the whole merry go round will start again... Maybe one of the two will break up (C or BAC), maybe not... In any case, if they're left to stand, you'd still be, ONCE AGAIN, buying worthless tickets on worthless equity...
---
& to the ANONYMOUS (above)... If those 'Drama Queen' comments were meant for me...
Oh well... How does one respond to a fucking pussy coward who posts flaming ANON comments on a blog...
All I know is this... FOR MONTHS now I've spent many many words laying out a 'hypothesis' as to what might happen in the REAL WORLD once the PAPER SPOT MARKET price of precious metals started to unravel...
Today I had my FIRST CHANCE to prove if any of my 'theories' were correct... THEY WERE EXACTLY CORRECT AS I'D ENVISIONED...
But in the REAL WORLD of blogs, all that 'nets' somebody (for putting a reputation on the line & making that call) is...
You go from formerly being a 'stark raving mad lunatic'... TO... a 'boastful drama queen'...
Not much love in this business...
I'll just have to satisfy myself with a few stacks of NICKEL ROLLS then (for making THAT call as well)... After all - the last I checked - NICKELS are valued in DOLLARS... So I'm guessing pretty soon I'll just be able to walk into a coin shop and buy a brick of gold with what used to be a $2 roll of 20 nickles...
Right?
cv--
those /dealers/ that you were speaking with, at the 3 stores that you stopped at...do you have any idea how long they've been 'in the biz'?
asking, b/c, from my experience, many of the 'newer dealers' that I've been running across, over the last couple of years, have been more like "Traders"/("Rumour-"/"Recession-"/"TEOTWAWKI-"-mongers) with light to no 'bankroll', than the *traditional Players..
if that makes sense..
AAIP
40 nickles (typo)
But who's counting anyway?
@AAIP
all 3 been in the business for a 'long time'...
& frankly (cause you REALLY only learn something when you talk to a person face to face and see their eyes)... My general feeling is that they HAVE NO IDEA how this is going to play out (so they're going to let the dust settle for awhile)...
I mean... THINK ABOUT IT... If this drags on for months... They're OUT of the selling business (at depressed prices)... Or, they face taking a loss from all the inventory they've purchased over the last 12 or so months at higher premiums...
It's not AS bad (as it looks on paper)... For instance... When silver was $50 (like for about 3 seconds), no dealer was buying spot at that price... In fact, the HIGHEST after commission price any dealer paid for silver on any given day during the run up was probably around $40 (and that was a short window)...
So now if they're still in the "you need to pay at least $33" mindset, they're almost certainly not out of business...
The experience already has gotten me thinking about the NEXT SET of hypothesis... Wanna hear?
1. There may end up being some 'consolidation' in the coin market business (as some WEAKER players may not be able to survive a freeze up in traffic)...
2. That's NOT GOOD for anybody who still wants to buy physical (because consolidation takes away competitiveness - which is the precursor to HIGHER MARK-UPs)...
3. I wouldn't be surprised if the JPM's of the world (via COMEX) aren't playing EXACTLY that game right now... They would LOVE to put coin dealers out of business... If they can push spot prices low enough in the process of the collapse of a paper market, they might be able to force some hands... They then just go to the coin dealers who are frozen up on not being able to transact and say "Here - we'll be nice and buy all your silver at $30"... You go away now and open up a tanning salon with beds where you swipe debit cards for minutes...
Anyway... I don't know WHAT to think now... All I know is that I was CORRECT in my prior calculations...
@AAIP
What I HAVE NOT done yet is check the large PM houses via the internet... (AMPEX, TULVIG, etc.)
My thoughts in the past is if someone wants to own precious metals they do it via a coin dealer, & not with the swipe of a VISA CARD and an electronic transaction...
It would appear to me that TPTB have been in a FULL COURT PRESS over the past decade to get their hands into and onto every transaction that ever happens...
Next year I'm pretty sure that Obama will come out with a "card swipe" mechanism for babysitting services...
@aaip,
ducks unlimited and Bing!
thats good stuff right there
I have so many great memories of that record playing when I was a kid
Quotage..
"It has been said that the greatest threat to our liberty is from well-meaning,
and almost imperceptible encroachments upon our personal freedom."
-- John Louis Coffey
(1922- ) Judge, U. S. Court of Appeals for the Seventh Circuit
Source: Quilici v. Village of Morton Grove, 695 F.2d 261, 272 (1982) (dissent) cert. denied 464 U.S. 863 (1983).
http://quotes.liberty-tree.ca/quote_blog/John.Coffey.Quote.2734
"Politicians need human misery. ... Government’s a disease masquerading as its
own cure."
-- L. Neil Smith
American writer
Source: The Probability Broach, 129 (Tor 1980).
http://quotes.liberty-tree.ca/quote_blog/L..Neil.Smith.Quote.2372
"But politicians who talk about failed policies are just blowing smoke.
Government policies succeed in doing exactly what they are supposed to do:
channeling resources bilked from the general public to politically organized
and influential interests groups."
-- Robert Higgs
(1944- ) American economic historian, economist of the Austrian School
Source: The Myth of “Failed” Policies, The Free Market, June 1995.
http://quotes.liberty-tree.ca/quote_blog/Robert.Higgs.Quote.22DF
AAIP
cv--
re: "...Next year I'm pretty sure that Obama will come out with a "card swipe" mechanism for babysitting services..."
see some of..
IPhone credit card swipe war heats up - Feb. 9, 2010
Feb 16, 2010 · NEW YORK (CNNMoney.com) -- What if your iPhone took plastic? Imagine if your business could use it as a mobile credit card processor, a swipe… money.cnn.com/2010/02/09/smallbusiness/iphone_credit_card_swipe... · Cached page
money.cnn.com/2010/02/09/smallbusiness/iphone_credit_card_swipe_wars/index.htm - [cache] - Additional Sources, Bing
Accept Credit Cards with your iPhone with Swipe from AppNinjas
Swipe allows you to accept credit cards when you're on the road, at the trade show, or selling at the market. It's the easiest and most affordable way to jump start ... appninjas.com/swipe · Cached page
appninjas.com/swipe - [cache] - Additional Sources, Bing
Watch the iPhone Swipe a Credit Card - Gizmodo, the Gadget Guide
Square, one of a few iPhone peripherals hoping to turn the iPhone into a credit card swiper, sounds promising. But how does it work? YouTube shows us! gizmodo.com/5450838/watch-the-iphone-swipe-a-credit-card
gizmodo.com/5450838/watch-the-iphone-swipe-a-credit-card - [cache] - Additional Sources, Bing
Phone Swipe for iPhone 3G & iPhone 3GS - Credit Card ...
Overview. Turn your smartphone into a credit card terminal. Phone Swipe – the newest mobile credit card processing solution, exclusively from North American Bancard.
www.nabancard.com/.../wirelessterminals/phone-swipe-iphone-3g-a-iphone-3gs - [cache] - Additional Sources
http://search.yippy.com/search?query=card+swipe+for+iPhone&tb=sitesearch-all&v%3Aproject=clusty
that type of thing is, Surely, coming..
and, this: "...It would appear to me that TPTB have been in a FULL COURT PRESS over the past decade to get their hands into and onto every transaction that ever happens..."
it might 'appear that way', b/c it Is that way~!
:)
AAIP
McB,
yes, I thought you might like that..
Bing could, certainly, "Croon some Tunes"...one of the Best, ever..
reason enough, by itself, to get a Turntable..
please, don't, ever, 'do Bing' on MP3..~
also, "DU" is a decent organization, for the most part..
AAIP
cv--
re: 'Dealers'
yes, the ones that are going to be 'in it', are the ones that have been around ~10+ years..
I think..
I know, locally, that's the way it's 'shaping up'...
also, a lot of the, formerly, 'Middle-Class' is now Out. no Ag/Au buying, no 'Collecting'(with any fervor)
one of the things that has been putting a 'bite' on the 'Coin Dealers', though, is "Ca$h4Gold/Jewelry"-Craze..
just, in the Local Playper, those ads have gone from a ~random 2"x4" sized ad, to multiple full-page ads--over the last ~5 years..
the Saga shall continue..
ibid.
@AAIP
They should have stopped at the knuckle busters and called it a day...
Things, cyclical in nature as they are, will probably play out in a way that we make a TRIUMPHANT RETURN to 'knuckle busting' & 'swipes'...
Just not the way one might imagine (as applied to iThingy's in your reference)...
But I guess it'll come AFTER the "jetpack" phase...
AAIP,
My dad was pretty hilarious and a big goofball around the holidays, he was a big fan of mele kalikimaka so that's probably my favorite one by Bing, I can hear the needle hitting that record now and then him singing it like a goof
McB,
that's a great story..
"mele kalikimaka" is a, really, fun/-ny song..
a good one to 'cut-up' to..
but, yes, there's something about Bing that 'requires' a Turntable "in the mix"..
~~
as an aside, I feel Sorry for the hoards, of young ones, that grew up thinking MP3s were 'Music'...
H***, I've heard S*** taped, open-mic, off the Radio, that sounds better..
but, you know, "Those Kids these Daze..."
AAIP
oh for sure, the sound quality of MP3's are garbage, if you have even a decent stereo and you play a song from your mp3 player and then the same song from a CD then pretty much anyone should be able to tell
albums are just a whole different conversation, jmo, but I've read many audiophiles that seem to think the same, I bet Mel thinks this way.
its cool to see vinyl (more vinyl) in some of the big box stores, though it probably will not ever be huge again
my parents had a lot of albums, thats really where I got into a lot of different stuff as they had an all over the place collection, was always fun to go through the lyrics and the big pictures on the covers and in the inserts, they had an REO Speedwagon greatest hits and I remember seeing those guys all dressed up like cats or something in the pics in there and thinking WTF???
my mom had a Carly Simon album that I used to stare at that one a lot,
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