Creditcane™: I brush my teeth with volatility.
SPXBullish short day. Midpoint above EMA(10). Tested and held SMA(233). Holding above the 38.2% retrace (1241.13). New high on daily 3LB (reversal is 1265.43). QE2infinity. Still above weekly 3LB mid and the monthly 3LB mid.
DXYBullish long day. Midpoint above EMA(10). Tested and held the 0.0% retrace (80.85). Now above all SMA's. New high on daily 3LB (reversal is 79.69).
VIXBearish long day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 38.2% minor retrace (21.62). No daily 3LB changes (reversal is 20.73). The grip of the "fear" zone has been eliminated (for now).
GOLDBullish short day. Midpoint above EMA(10). Tested and held its 61.8% retrace (1592.30). Tested and failed SMA(21). New high on daily 3LB (reversal is 1564.10). Must have the precious.
EURUSDBearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 0.0% retrace (1.2925). New low on daily 3LB changes (reversal is 1.3063).
JNKBearish short day. Midpoint above EMA(10). Tested and held SMA(144). Holding above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 38.94).
10YR YIELDDoji day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.68).
WTIBearish short day (evening star completed?). Still above all SMA's. Midpoint above EMA(10). Tested and failed its 61.8% retrace (101.94). No dally 3LB changes (reversal is 99.68). Not confirming the monthly 3LB reversal down.
SILVERSpinning top day. Failing all SMA's. Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (29.76). No daily 3LB changes (reversal is 27.24).
BKXBullish long day. Midpoint above EMA(10). Tested and held SMA(144). Tested and held its 38.2% retrace (41.37). New high on daily 3LB (reversal is 35.94).
HYG/LQDSpinning top day. Holding above SMA(144). Midpoint above EMA(10). Failing its 50.0% retrace (0.7942). No daily 3LB changes (reversal is 0.7818).
COPPERSpinning top day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and failed its 61.8% minor retrace (3.452). No daily 3LB changes (reversal is 3.615).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
42 comments:
http://www.financialsense.com/contributors/pater-tenebrarum/2012/01/05/backdoor-qe-fractional-reserve-banking-and-insolvency
Backdoor QE, Fractional Reserve Banking, and Insolvency
EU banks using LTRO to carry trade at the front end of the curve.
http://online.wsj.com/article/SB10001424052970203550304577138511287470508.html
13yr old creates solar panel tree that collects more sunlight than the flat panel designs. He decided on the tree form due to learning about fibonacci.
I just want to know what is REALLY going on in the background. DXY was up and gold was up. Probably need to check all of the currency/gold crosses to see where the money was going.
Also was there any "help" from the Fed or PD's in the market at the EU close?
AmenRa
"brush my teeth with volatility".... Instant classic man.
Saw a real pick up in energy trading activity today....traders are definitely back to work now.
Like the article on the 13 year old kid from long island. Love the way he got attacked on the Internet by others when they sensed a flaw in his measurement.
Hello? It's a 13 year old try to come up with some ideas....
It does seem like a novel idea in situations where there is constraint on space.
Andy T
He's 13. He doesn't have a Ph.D in physics...yet. Why no one else had a similar idea is beyond me.
Andy T
This morning looked like a flash crash was peeking around the corner. Then the EU traders made a mad dash for US equities right before the EU close. I surmise that the currency swaps have another purpose.
"...Love the way he got attacked on the Internet by others when they sensed a flaw in his measurement..."
AT,
hard to expect 'too little' from (too many) peep, these daze..
but, be assured, for the vast majority, of those 'ripping on the young one', their most productive act is accomplished "astride the Porcelain G*d" ..
AR,
"I surmise that the currency swaps have another purpose."
but, of course..
AAIP
AAIP,
Some of my best ideas come straddling the porcelain goddess.
Bwahahaahahhaha
Why is that whenever Gladiator is on HBO, I have to stop and watch it.
Just sayin'.
TED spread still making new weekly highs (moves are smaller but higher). 3mth vs Overnite Libor spread continues to widen on a daily basis.
Andy T
I do that with "The Usual Suspects".
Gold held the SMA(55) on the weekly chart. Just sayin'.
http://finance.yahoo.com/news/german-industrial-orders-down-sharply-111026753.html
German industrial orders down sharply in November
BinT
I was just about to post about that. It was down 4.8% versus an expected 1.8%.
AT,
yes, of course, re: 'Ideas', and 'Place' of conception..
and, re: "Gladiator", right? one of the few Movies I've seen that I would (and have) watch again..
was really well done/good story..
though, somewhat, sadly, was a Fiction..those 'Characters' from what I've found, didn't 'line up' that way..
AAIP
Amen,
It appears to me that the timeline for Europe is just getting started. Perhaps that is wrong, but the PIIGS are now deep in the sauce, and the bigger economies are really just now being dragged into the mess.
I would be interested to see what Europe looks like in March.
And Japan looks like they are in store for at least a moderate recession, to say nothing of their massive debt.
AAIP
DXY (spot price) now officially above 81.
Guess there's even less reason now for the Fed to engage in QE3. The PD's are starting to freak out.
@Amen
I think you'll enjoy this one...
http://bullmarketthinking.com/breaking-news-goldman-sachs-group-inc-files-8k-form-initializing-15000000-in-gold-linked-bonds/
@AAIP
+1 on 'Gladiator'
"We will meet again... In this life, or the next"
---
"If you find yourself alone, riding in green fields with the sun on your face, do not be troubled; for you are in Elysium, and you're already dead! [The soldiers laugh]..."
---
"Brothers, what we do in life, echoes in eternity..."
---
Lucilla: What did my father want with you?
Maximus: To wish me well before I leave for home.
Lucilla: You're lying, I could always tell when you were lying because you were never any good at it.
Maximus: I never acquired your comfort with it.
Lucilla: True, but then you never had to, life is more simple for a soldier. Or do you think me heartless?
Maximus: I think you have a talent for survival.
---
"Some of you are thinking you won't fight. Others, that you can't fight. They all say that until they're out there. [Picks up a sword] Thrust this into another man's chest, and the crowd will applaud and love you for it. In time, you may even begin to love them for that. Ultimately, we're all dead men. Sadly, we cannot choose how, but — we can decide how we meet that end in order that we are remembered — as men..."
EPIC
CV
YGBFKM
GS introducing another way to manipulate gold prices? I guess Comex has gotten too close to defaulting one time too many.
Best Buy sales missed in December. Alcoa mentioning sales to be down over 90%. Labor force down 50k. Participation rate unchanged (64.0). Not in Labor Force rose 194k. Temporary help fell 7.5k. The economy is improving albeit slowly (/sarc).
@Amen
Seriously... aside... I'm NOT KIDDING when I talked the other day about Euro:Gold as the correlation to watch... I've said this several times now...
To put it in a more succinct way... IF & WHEN this correlation breaks down... IMO... (& you have to cut out all the "noise" when I say that... IOW... use "weekly" candles vs. daily, or some such)... It's going to be the 'tell', that VERY SOON something major is going to happen... & that "major" includes:
- bank holidays
- total reconfig on the dollar (which is WHY "nickles bitchez", as more than just a punchline for everyone at TA to call cv "self destructive")
- & other fun stuff
---
Gotta think of it this way... (Well, you don't "gotta" - but this is how I see it)...
- If the Euro fails, then the NWO "single currency" dream gets dealt a setback...
- Some of you don't believe that there are any groups of elite out there that are interested in that, so I politely dismiss you to your daily floggings...
- For those who give it a 'shred' of possibility... The NWO must defend the Euro (as they're not positioned for a massive dollar rally at this point)... They could go to a Plan B if everything broke down, but it's NOT the first choice...
- It's kind of like Obama... THEY WANT 4 MORE YEARS of Obama... It may or may not happen, but that's what they want... Ron Paul is being ignored (on both sides) for this exact reason... Romney vs. Obama would likely force Ron Paul to play the Ross Perot role... So just like 'Bubba' won in '92, Obama gets to be the 'Bubba' here...
- Romney is a Goldman Sachs flunkie as well, so they could re-configure if they had to, but it's not the first choice...
- Anyway... the Euro CANNOT collapse during this process... It would cause a huge run towards the dollar, which would cause a great deal of problems in the physical commodity markets (& this is where even the ILLUMINATI are poorly positioned because they've overspent on creating huge derivative markets in PAPER COMMODITIES [which are settled in dollars]...
- If that were to happen... It would create an ALL TOO EASY Sino~Russian move to be buyers in that area (aka - "dollars" coming home to roost)...
It's already been happening right under everyone's noses for some time now... Under the guises of, Iraq, Libya, & now Iran...
No problem with WMD's there (though that's the "story")... Instead - it's all about those countries wanting GOLD for their oil (instead of DOLLARS)...
The Russians & Japanese are already forming trade alliances with the Chinese settled OUT OF dollars... But I doubt we're in any danger of invading Russia or China just yet... Maybe some BRILLIANT SELF CONSTRUCTIVE minds can pause from sucking cottage cheese out of women's asses to make their lips look like Angelina Jolie for a few minutes to honor us all with an explanation as to why that might not be a good idea...
Anyway... Euro:Gold... Keep an eye on it (in the macro)... If/When it starts to deviate... You have 5...4...3...2... to get your "bug out" pack ready...
@Amen
GS introducing another way to manipulate gold prices? I guess Comex has gotten too close to defaulting one time too many
aka - "Rehypothecation 102"
@Amen
The economy is improving albeit slowly (/sarc).
Zandi was jizzing his pants this morning on CNBC... ~ tool
@Amen
Oh... & let me add one more thing to the (10:22) above...
From where I sit/stand...
On the subject of QE3?
It's ridiculous to even talk about because it's been going on for months now in the form of SWAPS (which are & will be to infinity)...
So... IF&WHEN some kind of "official" QE3 comes along or gets announced, it'll be another PR gambit...
IOW...
If the SWAP mechanisms (stealth QE3) start to become ineffective & the Euro keeps dropping, then an easy way to bring that arouynd the other way would be to OFFICIALLY announce a QE3 (which is the only "money printing" maneuver that Joe Public thus far understands)...
Oddly enough... I believe that there is already about 1.5T - 2T of QE3 "priced in" to the S&P as we speak...
So... converesely, a QE3 announcement (under whatever name they decide to call it), might provoke a HUGE DUMP in the indices (a "sell the news" moment)...
Of course, that's all conjecture on my part, & of course, I'm not INWESTED in it (in terms of fiat) in any way, so that's my FULL DISCLOSURE... I just bide my time with physical goods ("self destructive" behavior to say the least)...
It will be fun though... Afterwards, assuming it all happens... to read comments from people who chime in any point to the fact that a QEx actually led to a 30% DROP in stocks (which negates their pre-disposed "inflationary" bias)...
As I have always said... YES ~ WE ARE IN DEFLATION (as we speak)... We are in deflation of PAPER ASSETS...
Physical is a different story...
re: CNBS
Economic Acceleration... heard these words twice today on CNBS
...was going to do a chart on employment level numbers since Obomber became prez, but once again, they have changed since last month through 2003 due to "Data affected by changes in population controls." More and more of my stored data is becoming obsolete.
unemployment levels
but anyway, using the triple revised seasonal adjusted massaged numbers out there now and since he took office...
unemployment level...
Jan-2009 142,187,000
Dec-2011 140,790,000
oops, should read...
employment level...
Jan-2009 142,187,000
Dec-2011 140,790,000
>I'm flustered<
@QQQQ
Those must be the 4 million jobs SAVED or CREATED that franklin411 (on the Ritholtz blog, back in the early Obama presidency) was ejactulating about...
more Economic Acceleration
food stamps...
Jan-2009 31,983,716
Sep-2011 46,268,257
cv,
I hear ya,
(although graphic at times)
on another note, there's no problems, only solutions...
peeps saying you're crazy?
@qqqq
On SNAP... What's more striking to me is if you take Los Angeles alone...
LA County has more than A MILLION peeps on SNAP...
Not the place I'd want to be when TSHTF... (Though 'Thor', from the former blog, seems to think it's probably pretty cool livin it up in his West Hollywood bungalow)...
If you forget... He was the guy that called me the 'Unabomber'... (though - he spelled it incorrectly)...
@Amen
BTW... If you're going to go diving in the DEMOTIVATE bin for "the corner"...
One of these days... soon... I'm thinkingh the BREAD HELMET dude ought to be viable...
http://www.motifake.com/image/demotivational-poster/small/1104/bread-helmets-bread-egypt-protest-stupid-helmet-demotivational-posters-1304181005.jpg
http://secretsun.blogspot.com/2012/01/ron-paul-race-ritual-and-scottish-rite.html
found this interesting..
a 'different' take on Rep. Paul..
ibid.
AAibid, methinks... really don't care who wins, just vote/replace ALL of them, the current (prez, senators, mayors, police chiefs, Fedf*cks, bank CEO's, everyone!) out of office every time. Limit ALL to just one term. If they can't get rich in just one term, then F*** em! And really don't think this world would be worse off if this was the way.
re: fib solar cell tree... I don't see how it would improve the output of current if you arrange the cells like a tree. If you have the same amount of cells, and all get equal sunshine, why would the output be greater?
If you arranged cells in a flat tri-angle (1,2,3,5,8,13), or stack them one above the other (1,2,3,5,8,13) would still be dependent on equal amount of sunshine on each cell. The result would then be equal amount of output.
Atoms don't travel faster down conductors arranged in a fibonacci layout do they? Current travels on the outside of conductors so a shorter straight line would be best to eliminate current loss. Unless you're talking about miles and miles of wires, not arranging wires to their most shortest length, the current loss would be miniscule, almost unmeasurable for small backyard applications.
SPX, 2 day 5 min chart, getting close to hit the upper line on this triangle.
Q4,
I hear ya, though, We should remember that 'there Is so much 'money' in Politics, b/c Politicians control the Government that spends so much 'money'..'
AAIP
http://bullmarketthinking.com/ned-naylor-leyland-the-chain-of-custody-behind-golds-price-setting-mechanism-appears-to-be-breaking/
I had the chance to speak with Ned Naylor-Leyland yesterday, Investment Director with Cheviot Asset Management, and adviser to an offshore precious metals fund. It was a spectacular interview, as Ned is one of the few truly free thinkers in the investment business today.
During the interview Ned shared his thoughts on the new PAGE(Pan Asia Gold Exchange) launch in 2012 & the great opportunities it will provide investors, the recent pullback in gold and silver, and what may end up taking gold to go much higher levels.
In regards to the impending PAGE launch Ned said, “The great thing about this new exchange in China and the philosphy behind it, is its harking back to the old days of gold where you pay cash and get your gold…they’re opening up a 1 to 1 fully allocated recieipts market in gold. If Jeff Christian is to be believed, there is 350 to 1 leverage[in the Western paper gold markets]. That will give you a 0.3% coverage in terms of real metal behind your contract.”
Ned further adds, “I think the opening of the new Chinese allocated market will change people’s perception of holding huge leveraged unallocated positions within the LBMA system.”
When asked about opportunities the PAGE market transition will provide, Ned said, “I think the arbitrage opportunity will manifest fairly quickly…The chain of custody behind the [gold] price setting mechanism appears to be breaking…the CME and comex futures market mechanisms are clearly nonsense, [investors] are leaving in droves as you would expect…I’ve labeled 2012 as the year of [gold] deliverance.”..."
AAIP
Corner up a little later. Some charts not updating correctly.
Arrggh. Much later.
Post a Comment