Creditcane™: C'mon man. Enough with the juggling.
SPXBearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (1359.44). No daily 3LB changes (reversal is 1349.96). QE2infinity.
DXYSpinning top day. Midpoint below EMA(10). Failing the 61.8% minor retrace (79.60). Tested and held SMA(21). No daily 3LB changes (reversal is 78.57).
VIXBearish short day (didn't confirm bullish harami). Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 17.10).
GOLDBullish short day. Midpoint above EMA(10). Holding above its 38.2% retrace (1721.30). Now above all SMA's. Daily 3LB reversal up (reversal is 1717.70). Still above monthly 3LB mid. Must have the precious.
EURUSDSpinning top day (bearish harami?). Midpoint above EMA(10). Holding above SMA(21). Tested and held its 61.8% minor retrace (1.3222). No daily 3LB changes (reversal is 1.3253).
JNKBullish short day. Midpoint above EMA(10). Holding above SMA(21). Tested and held its 38.2% minor retrace (39.62). Daily 3LB reversal up (reversal is 39.26).
10YR YIELDBearish long day. Tested and failed SMA(144). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.47).
WTISpinning top day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% retrace (102.44). New high on dally 3LB (reversal is 102.64). Not confirming the monthly 3LB reversal down.
SILVERSpinning top day. Tested and held SMA(144). Midpoint above EMA(10). Holding above its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 33.21).
BKXBearish long day. Midpoint above EMA(10). Still above all SMA's. Holding above its 50.0% retrace (43.76). No daily 3LB changes (reversal is 43.62).
HYG/LQDSpinning top day. Holding above SMA(21). Midpoint above EMA(10). Holding above its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).
AUDJPYSpinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 50.0% minor retrace (0.8458). New high on daily 3LB (reversal is 0.8353).
DJ TRANS AVGBearish short day. Tested and failed SMA(55). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (5165.32). New low on daily 3LB (reversal is 5254.14).
RBOB GasolineBullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (2.93). New high on daily 3LB (reversal is 3.01).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
50 comments:
http://www.neweconomicperspectives.org/2012/02/amazing-vanishing-act-accounting.html
The Amazing Vanishing Act: Accounting Control Fraud Disappears from the Regulatory Lexicon
by William K. Black
Summary: The OTS and other government agencies purposely worked to ignore the lessons learned from the S&L crisis.
Greece’s downgrade by Fitch Ratings is the first in a series of ratings cuts that the nation can expect after it negotiated the biggest sovereign debt restructuring in history.
Fitch lowered Greece’s credit grade by two levels to C from CCC, saying a default is “highly likely in the near term,” and that it will cut the nation again to “Restricted Default” once a bond exchange is completed. Standard & Poor’s said in July it expected to downgrade Greece to “Selective Default” after the restructuring agreement, while Moody’s Investors Service has said it will cut the nation to its lowest rating.
.,...Bloomberg..
What is your organization's primary business?
Pharmaceuticals, Healthcare or Medical
Finance, Insurance, Banking or Real Estate
Third-Party/Independent Meeting Planner or Trade Show Manager/Organizer
Other Business/Company
Association, Non-Profit Organization or Association Management Company
Travel Agency
Government
Technology/Communications
Other
should this 'type' of Q: tell 'us' anything?
AAIP
context..
Return to Meetings & Conventions Home Page
""should this 'type' of Q: tell 'us' anything?""
don't know but this Q knows the market is way! overextended,
...and the gap widens a bit more
(may stay long longer SSO), funny cuz I still hold some SDS Mar calls... feelings and lines drawn, turn may be +/- a few days around 7th Mar.
oh, and remember BWLD @ $63, AAibid... knocked-outta-da-park
YTD ETF fund flows...
VWO +$5423M
QQQ +$3707M
HYG +$2723M
JNK +$2420M
GLD +$1530M
SPY -$8169M
EFA -$1220M
XLU -$1043M
BIL -$605M
IEI -$574M
@b22
from yesterday... I was not around all day so I didn't read your comment until now...
~~~
I'm not going to argue with your detailed analysis...
Frankly though ~ I'll stand by what I said...
The biggest difference here is with regards to the "spirit" of my statement (which I believe to leans towards being true though it is impossible to prove)...
If you have a differing opinion, I challenge you to 'prove' that the aggregate of trades out there happen otherwise...
~~~
Bottom line is this (IMO)
My clear bias is towards the the markets being somewhat rigged (emphasis on 'somewhat')... It simply does not make any sense that equity & bond markets aren't anything but 'zombie' markets that are held together by liquidity injections... The 'liquidity' injections (amounting in the multiples of trillions), at this point, far outpace any traditional "value" assessments (which, in the past, have often been based on the idea of labor being able to keep pace with debt servicing)... Sorry for being overly simplistic there...
If it's not the liquidity itself (which are called anything from QE, to, operation twist, to LTRO, TARP), then there are massaged reports (such as those from NAR & BLS, which, even Amen Ra has taken to lamenting on a constant basis as, to paraphrase... "Enron Accounting")...
In any case... The markets have now been reduced to the the self fulfilfilling prophecy of, sans TRUST, the main thing that holding it together are additional liquidity measures combined with the absolute dread that large players who have held long time markers will find their way to the exits at the slightest whiff that somebody is going to call an end to the game... Given the magnitude of the funny money & outright BS that has been invested in perpetuating this lie, then one might suppose that will be continue to be the strategy until a Black Swan comes along than not even the 'can kickers' can stop...
So ~ in my world... The famous 'humans', who are writing the aglos (& such), & being aware of what I just said above, program in the bias, and the game continues)...
~~~
In any case, try not to take it personally if I seem to ridicule 'trading'...
The 'body of my work' (which means the aggregate of all the communications that I've made on these blogs and what I did beforehand), should suggest that despite my present stance on the issue, it still holds me captive in different ways...
Some may question why I even hang around this, a 'TRADING BLOG'... My answer to that is... EXACTLY...
I believe there is 'value' in every second of every day (for people looking for it)... It it a huge curiosity for me to listen to, and converse with people like yourself who are faced with the same challenges that I described above and have to figure out how to over come them...
- Whether the response is DENIAL that it is, in fact, the case...
OR
- if you're simply playing out a script to overcome it
I've got my popcorn...
"...I believe there is 'value' in every second of every day (for people looking for it)..."
v.
"...I've got my popcorn..."
cv--
how do those two Ideas track..?
are you saying that ~"you're Not looking for 'value' (in every second of the Day) ?
AAIP
To put it a simpler way (&/or ~ to make an analogy)...
Take someone like Kyle Bass...
I'm going to come on here and pile on the rhetoric that he has a million dollars in nickles & a whole lot of fortressed acres in Texas...
You're going to come on here and pile on the rhetoric that he is invested in & managing billions in equity & bond portfolios...
So who's right?... You or me?
Answer probably is that we're BOTH right... (though I'm sure if we got into an argument about it you would be sure to ask me if I had ever actually 'seen' his pallettes full of nickles, or his property in Texas...
To which I would answer "no", (but I doubt I'd bother to ask you if you had been through his books and could actually verify all his portfolio markers)...
Quotage..
"When a well-packaged web of lies has been sold gradually to the masses over generations,
the truth will seem utterly preposterous and its speaker a raving lunatic."
-- Dresden James
http://quotes.liberty-tree.ca/quote_blog/Dresden.James.Quote.8B45
"A secret blueprint for US global domination reveals that President Bush and
his cabinet were planning a premeditated attack on Iraq to secure regime change
even before he took power in January 2001… It has been called a secret
blueprint for US global domination. … A small group of people with a plan to
remove Saddam Hussein long before George W. Bush was elected president. … And
9/11 provided the opportunity to set it in motion. Not since Mein Kampf has a
geopolitical punch been so blatantly telegraphed years ahead of the blow."
-- Ted Koppel
(1940-) British-American broadcast journalist
Source: Nightline, 5 March 2003, quoting the Glasgow Sunday Herald (Sept. 15, 2002)
http://quotes.liberty-tree.ca/quote_blog/Ted.Koppel.Quote.E429
"It is the growing custom to narrow control,
concentrate power, disregard and disfranchise the public;
and assuming that certain powers by divine right
of money-raising or by sheer assumption,
have the power to do as they think best
without consulting the wisdom of mankind."
-- W. E. B. Du Bois
(1868-1963) Professor, Civil Rights Activist, NAACP Founding Member
Source: The Autobiography of W.E.B. Du Bois
http://quotes.liberty-tree.ca/quote_blog/W..E..B..Du.Bois.Quote.1A6E
ibid.
of course... if one so desired... they could get all kinds of crazy on the same subject...
For example... You could come on and say that the "dollar value" of all the stock & bond positions probably adds up to the tens of billions...
Where the nickles, gold, & land he holds are only worth a couple of tens of millions...
~~~~
Then one could ask... "But then, what if, the "dollar" went to ZERO?... Which side of the ledger would one want to be on then?
But of course we all know that fiat currencies can never go to zero... Because there is a long list of fiat currencies in the history of mankind that have lasted many more than 100 years...
You could probably "Google Search" it and come up with about a brazillion of them...
Speaking of Brazil... I think I remember telling the story on this blog of the first time I went down there (in 1987)... It was September, & when I left, I didn't bother converting the last $40 of 'cruzados' I was holding into dollars because I was going to return in 6 months (the next March)...
When I came back 6 months later, not only were there no more 'cruzados', but the exchange rate into new 'cruzerios' made my $40 worth about 5 cents...
But now they have the 'Real' (after about a half dozen more fiat currency re-distributions)... &, of course, they have 'The Olympics'...
So I doubt anything bad will ever happen again in all of future times... It's only up up & away for the rest of time, or at least until Israel puts the 'whuppin stick' to Iran & we get in there & take all their oil, then figure out it's still not enough and decide to invade Venezuela & Brazil (who, by then, I'm sure will be enriching uranium & putting underwear bombers on planes)...
Dallas Fed President Fisher on CNBC....seems like a 'clear thinker'...
"...I've got my popcorn..."
cv--
how do those two Ideas track..?
are you saying that ~"you're Not looking for 'value' (in every second of the Day) ?
~~~~~
jeez I thought I was the argumentative one here...
OK... Here's how they track...
VALUE, in my convoluted life = OBSERVATION
as it so happens... I'm capable of OBSERVING things while eating popcorn... (I thought you were a baseball fan ~ you mean to tell me you've NEVER watched a game)?
AT,
that's why I've, always, 'hated' the 'Dollar Devaluation'-Chart found, here..
http://www.ritholtz.com/blog/2012/02/federal-reserve-and-big-banks-are-going-to-crush-the-dollar-%E2%80%A6-and-american-savers/
that K-11 'Note', that was used, should have, really, been a B-2 (New York) 'Note'..
~~
cv--
then, here.."...VALUE, in my convoluted life = OBSERVATION..."
is the A: .. EZ ..~
AAIP
AAIP
"James Dresden" was the cover name for the operative on NCIS. LMAO.
"My clear bias is towards the the markets being somewhat rigged"
CV, I'm just going to be honest with you, I didn't read after that statement and don't plan to
I really don't care what comes after that because its all nonsense
besides, who cares about algo's, I thought it was the rothschilds that run the world for all of millenia as they have inbred themselves into the only remaining ruling class in the world. Remember, the rothschilds never "emerged"...they just "are"... I suppose they even built humans that want to program all these algos or used some mind manipulation through TD Ameritrade commercials to make them do it, I get it now...
the rothschilds are the algos!
Physical good, paper bad!
long live physical!
oh, btw, I wonder, have you caught the new show on National Geo: Doomsday Preppers?
I saw my first episode last night and found it fascinating
for what its worth, flip that house first aired in 2005 and had its last episode of season 1 show on March 3, 2006, just a few months before the top in real estate, so I'm quite interested in watching this
also, I don't really care at all what Kyle Bass is doing, or hugh hendry, or anyone else for that matter.
my motivations are my own
besides, never once did I ever try to claim that I was "right"....I mean, what do you even think I'm trying to be right about exactly? Do you know one single move with my capital I've made in the last six months? Well, no, you don't.
thats what this is all about for you, being right, don't project your own issues on me, I'm trying to make money over here, as your buddy Barry pointed out a year or two ago if all you ever want to be is right you probably won't make very much money...
Ben (And Others) - My apologies for inadvertantly stepping in a pile of steaming poo and spreading it around.
I thought your statement about bots yesterday was a rhetorical questions and like all good rhetorical questions it needed a good rhetorical answer and since I know a little about that stuff I thought I would pipe up.
What I did not do was my homework and read back a few posts, so I did not realize your comment was more then just rhetorical.
Because I did not intend to or care to be placed in a circular argument that can go on for ever.... This is the last I will comment on my poo stepping in.
Again my apologies
Mangy Mutt
So the market took 15 minutes before reversing. That's longer than normal. (/sarc)
Even though EURUSD is up pretty good, EURCHF is down. Who is buying enough Swiss Francs to irk the SNB?
CV:
I bought some nice mirrors to hang on your computer screen so you don't have to read the bad comments these poor boys make about you. Then you can see yourself all day long!
Let's talk about the Oscars! (giggle...)
Madonna
@AAIP,
do you ever wonder where these "american savers" are?
I sure as hell do...it seems most of them lived in the 50's and 60's
what I see now, in the data, is that most americans are borrowers rather than savers, with a lot of negative net worth......
I'd put the "american saver" rhetoric next to the "hard working american" commentary that is used in rationalization for "taxing the rich"....
"american savers" .....its mostly just a political statement, certainly not a reality based one
McB,
this: "...what I see now, in the data, is that most americans are borrowers rather than savers, with a lot of negative net worth......"
would, definitely, be a 'Slam Dunk' if we included the aggregate Debts of the various 'Governments' we live under...
though, even, if not, this: "...that most americans are borrowers rather than savers, with a lot of negative net worth......"
is unassailable..
most= 50%+ 1
I'd reckon that ~2/3rd (s) of the 'Cained Peep are 'Net: 0, or below'.. (on their 'own' "Balance Sheets", not including aggregate 'Governmental' Debts..)
AAIP
AAIP,
sort of hard to find up-to-date info on how many exactly have a negative net worth, and wow, if we included each households share of the goverment debts I bet the number would be quite large
but here's another thought
I believe something like 80% of the population "owns" roughly 15% of the assets
ok....so couldn't one conclude that when the fed hurts "american savers" they are in fact hurting the rich?
now I know (think I know) what the response might be to that:
but the poor have a harder time than the rich affording things they need, such as food, which can sometimes rise quickly as the dollar loses value..
but thats a totally different conversation because income and assets aren't the same thing, the poor don't live off their savings anyway!
typically that story is told in a way where "american saver" paints an image of an elderly person getting hosed because they can only get 1% on a 12 month CD now, but mostly they are talking about income, not assets
and thats how some nonsense gets started where if you make $250k you are "wealthy"....not so fast
I'd also love to see a study on where the elderly keep their assets, my experience has not been that its all cash and short term government bonds, not even close, but I've seen tons of T stock thats been held for 45 years....far more common than holdings in treasury bonds, though sure, tons of older folks use CD's.
saving... at work, been after this kid in his mid-twenties to start a Roth, he didn't do it last year and doubt he'll do it this year, but, I'm still on him to do it at least twice a week. He doesn't even have an emergency fund, which hurt him a few months back when he was laid off for about 60 days. He forgets about that though because he's working now making double the perdiem bucks. Think I'll bring it up again today and not accept his excuse that "if" he invests it has the chance to go down... his only real argument for not getting into a Roth. Oh, and he isn't even signed up for the 401K match... what a waste of free $$$.
@QQQQ,
couple things
1. imo, he shouldn't do a roth until he has a cash reserve
2. he still has time to fund a roth for 2011, has up until april 15 of this year to do it
3. If he doesn't want to risk losing money tell him to buy one of those 1% CD's inside the Roth then. He won't understand how he can still lose on that anyway, but at least you'll have gotten him to save.
Jesus saves, oh wait he is not an American.
Mutt
1. imo, he shouldn't do a roth until he has a cash reserve
x2
ibid.
Vivus "analyst" on CNBC .... "he just upgraded the stock today."
Yeah, no shit Sherlock. The stock is up 100% today on some kind of prescription diet pill and NOW you upgrade it?
Would have been some good info a few days ago.
@ben
I haven't watched the 'Doomsday Preppers' show yet (but I saw ads for it)...
Frankly ~ I think it is non sequitur to compare it to something like "Flip that House" (which I also never saw, but remember hearing about it)...
It's pretty clear to me what you're inferring here... In simple terms, you're "calling the top" (akin to Bernanke getting "Person of the Year" honors, or DOW 10,000 caps or something)...
~~~~
In any case... Here's WHY the two don't compare (& this ought to be easy to understand)...
Just because a show airs on TV doesn't mean that the subject matter it deals with is POPULAR... In fact, I'd argue that 'Doomsday Prepping' is about the most UNPOPULAR (& unheeded) thing imagineable...
All I have to do is come on to this blog every day to be assured of that... Or all I have to do is talk to the people who take my class (or even my brother & sister for that matter)...
When I can even count more than 5 people I KNOW who have even made the slightest effort to 'Doomsday Prep', I'll start calling a top on that...
By contrast, during the heat of the housing market I was playing a lot of golf & all that everyone ever talked about in the clubhouse were houses & flipping houses...
Funny thing is, I don't play golf so much anymore, but I still drop in and see those guys... Wanna know what they talk about now?...
Stocks...
"american savers" .....its mostly just a political statement, certainly not a reality based
Never a truer statement made (when you consider that all "MONEY" is debt)...
But then consider the statement...
"I'm [just] trying to make "MONEY" over here"
~~~~~
Just word games... No offense...
I'm pretty sure that if I just STFU, then immediately all risk of an economic collapse will just wither away & vanish...
I'm the only one on the planet keeping that idea alive... Just an annoying fly to swat...
Now I'm CERTAIN that I'm the in the minority..
(ht-ZH)
"Americans participating in a recent Gallup poll showed the highest level of confidence in an economic recovery in a year. Sounds great, but you can’t ignore the nearly 13 million unemployed, the 46 million people on food stamps and the roughly 29% of the country’s homeowners whose mortgages are under water. They would find it hard to subscribe to the poll’s sunny conclusion. On the other hand, there’s no getting away from a bevy of seemingly increasingly favorable economic data, which, more recently, includes falling weekly jobless claims, four consecutive monthly gains in the leading economic indicators, somewhat perkier retail sales and a pickup in housing starts and business permits. Pounding home this cheerful view is the media’s growing drumbeat of increased economic vigor.
Confused? How can you not be? But President Obama has to be elated at this widely perceived peppier economy. During much of his presidency, he’s been roasted by some critics as an economic illiterate, with one Internet poster recently reading: “Obama had a dream and we got a nightmare.” Now, though, thanks to the public’s growing acceptance of the idea that things are getting better, Obama’s approval ratings are on the rise. Even a number of his Wall Street critics are starting to acknowledge his chances of winning a second term have greatly improved and some believe he’s almost a shoo-in should the current economy continue to pick up steam.
The favorable economic news has also been a big plus for the stock market, what with equities off to a rousing start in 2012 and the Dow recently ballooning to a four-year-high of around the 13,000 level..."
http://www.zerohedge.com/news/guest-post-why-us-economy-could-go-haywire
Gold less than $25 from its November highs. A break should lead to a test of the September highs. The 2/29 LTRO may just help it along.
"CV:
I bought some nice mirrors to hang on your computer screen so you don't have to read the bad comments these poor boys make about you. Then you can see yourself all day long!
Let's talk about the Oscars! (giggle...)
Madonna"
Classic.
The biggest idea all of you who wish to engage me on my notions & ruminations need to get through your heads is this...
I'M ACTUALLY ON YOUR SIDE!!!
IOW ~ Every single day the world DOESN'T devolve into chaos &/or all that implies is a GREAT DAY in my book & by my standards...
I sincerely hope you all make a lot of money (& furthermore are able to spend that money on stuff that makes you happy, safe, & comfortable)... I really mean that... That's why (despite my warnings about the value or trustworthiness of the dollar), you never read me criticizing any of your positional stances with regards to trading... ben made a correct point earlier when he said that I have no idea WHAT his trades have been over the past "x" time period... That's because I never asked (or am not even interested)... I'll make general comments about I think gold is going to do this or that & I'll make the casual general mention about the S&P (as everyone else does)... But can any of you remember me criticizing any of your specific trades in the past???
All I ever say is that, to me, trading (in general), is like flying a kite in a thunderstorm, or running with scissors...
Anyway... I'll give you an example of what I'm talking about above...
Today, I happened to find beef tenderlions (effin' filet mignon) at this asian market for $6.99 a pound... It's usually about $9.99 a pound anywhere else...
I don't know how long that will be... I remember buying it for $8.99 a pound a few years ago and thought I was getting a bargain then... So clearly I was WRONG... I'm guessing if I follow the trend, in about a decade, they'll be paying ME to take the tenderlions off the shelf...
Alternatively, I've been TOTALLY SHUT OUT of buying PM's for over a year now... The last time I bought was over a year ago February (at around $30 silver)... I never chased the run up to $50, and waited... waited... for the pullback (which finally occurred in December, when, for like a day, it dropped to $25...
It's documented here that I tried to buy on those days but nobody would sell... (I thought that was a handy bit of REAL LIFE anecdote to "share" on a blog, but instead nobody really gave a FF)...
In any case, as with beef tenderlion, I'd be happy as hell for PM's to crash & otherwise for the game that most all of you play here every day goes on as long as it possibly can...
I never really thought it would go this far...
But apparently I miscalculated the avid resolve that traders play in their lust & appetite to own stocks and make profits...
Their kung fu is stronger than mine...
@Andy T
Yeah... For the record, I laughed at that one too...
I'm still trying to figure out if it was "Mutt" or "Bruce"...
~~~~
Either way ~ all in good fun...
Another little anecdote...
I read as much of the content as I possibly can over at ZH (as well as get through a decent amount of the comment sections in a 'speed reading' fashion)... It's easier to do a quick job with it for someone who has spent a lot of time because, as anyone knows from blogging, you become familiar with certain blogger 'profiles'...
Also, if you comment over there you need an account (& only the logged in browsers get to see the positive & negative arrows, which, can give you a general sense of "hot button" comments)...
In any case... You'd think that ZH would be "Doomsday Prepper" - ville...
But I can really only recall maybe one comment I've read there that even mentioned the show in the past month...
& as I said, I haven't even watched it (but probably will at some point)...
Cvienne - If it was me I would have put my handle by it, but I am flattered you thought of me :)
Mangy Mutt
@Mutt
Well ~ it was a logical choice anyway... You're always pretty funny with stuff...
Who knows... maybe it was LB (from afar)...
Good luck to your team in the 'Manning' sweepstakes... The 'Hawks are a longshot, but they're on the list...
Could have been "I-Man" too...
"kick 'em when they're up... kick 'em when they're down"
http://www.youtube.com/watch?v=46bBWBG9r2o
From 1-1:05 EST there was a massacre of the 10yr yield. Was that a result of the 7yr auction?
b22 agree on the savings. i guess getting the newest iphone everytime one comes out, every weekend flying to the nearest island to go windsurfing, actually just using it up as fast as it comes in is the way.
cv, you mean to tell us you couldn't buy silver a few months ago? why could everyone else on this buy then?
sent from my android
@qqqq
rolls eyes...
jeez now I understand why nobody understands my comments... because evidently, you don't read them... or they vanish from memory banks at 4:00PM each day...
There was a period over rougly a month (when Ag was under $30)... That I posted comments here about going to 3 local coin shops and they wouldn't sell any even though they had it in stock in various forms...
Jesus tapdancing Christ I even got 'into it' with you about it because I remember tying that theme into the fact that you had unloaded physical gold earlier (and what that MIGHT mean going forward)...
A whole argument ensued...
Then I went to the same coin shops two weeks later (on the $25 day), and it was the same story)... i repeated that story here as well...
Then, everyone on this blog got into a whole argument about the fact that I could have gone to Ampex or something & found it easily (which was true), but my point was that I don't want to make ANY 'online' purchase of gold or silver whatsoever & yada yada (for which I also stated a justification for ~ but has also, I'm sure flittered away from any & all memory banks)...
@qqqq
So what that means (by hypothetical scenario), is:
Let's say that one day you decide it's time to go "re-stock" yourself with the gold you sold because perhaps you "think it's time"...
I'm pretty much assuming by now that you're the type that would want efficiency and just go buy it at Ampex... Which is fine, but of course anything over $600 has to be reported (not to mention the fact that you'll probably be paying for it with a credit card or debit card (which will be complete with shipping info, et al)...
then, maybe... comes the day that they pull a FDR 2 and want any & all gold holders to turn in their stash (you know, for national security)...
Well I'm sure that you were mighty coperative in leaving a paper trail on that (knowing exactly how much & where it's located)... I wouldn't put it past them to even create some kind of "clawback" rule at that time to, cough cough, "encourage" compliance...
So the only way steer clear of that is small purchases at known & local dealers (coin shops)... You may get lucky & find some... Then again, you might not... Turns out I was 0-9 (3 coin dealers on 3 separate occasions in the span of a month)...
I must just be unlucky...
"It's pretty clear to me what you're inferring here... In simple terms, you're "calling the top" (akin to Bernanke getting "Person of the Year" honors, or DOW 10,000 caps or something)"
lol, quite obviously based on what you just said, you can't "call tops" based on such things nor am I doing anything of the sort, anyone interested in psychology would pay attention to such a thing, so thats where I'm at.
also, you are hilarious in trying to claim that concepts make it to tv programs that "aren't popular"
riiiight, they air things nobody is interested in on tv alllll the time.
lets face facts CV, doomsday prepping, is without a doubt, far more popular than it was at any time in the last 10 years, even the idea that the world is going to end has gained a huge head of steam in the last decade
of course "the majority" of people are not doing it....the majority of people probably don't watch jersey shore either nor was the majority ever flipping houses, but you continue to make the mistake of applying your local conversations (such as you did and continue to do about the metals dealer that wouldn't sell at lower prices) to the entire globe.
your tired commentary on one outcome "the dollar is going to zero....eventually" has also continued I see
snore......
also, in your really hard attempt to say something important you come up with:
"Never a truer statement made (when you consider that all "MONEY" is debt)"
which is also moronic
isn't gold money accorindg to you? Yeah, think it is
is it debt too?
I think not
but here, for the fun:
Paper is for losers!
Death to paper!
$35 is the midpoint of the silver two day massacre back in September 2011. But that still leves the other two day masacre from August 2011 to deal with. This will not be easy.
how on earth could someone convince themself that if the government was coming and taking all privately held gold that if they didn't "leave a paper trail" that they would somehow be left alone
like I said, Im' very much interested in psychology and what it makes us say and do
because from where I'm sitting, that line of thinking isn't even close to logical
here's a question CV, is your house bulletproof?
some of these preppers have really hardcore set ups, including bulletproof homes.
http://finviz.com/futures_charts.ashx?t=SI
~35.38
have to agree with AmenRa, looks like 'much slogging' to do (on the Upside)..
though, overall, have been, really, impressed by Ye Olde Shiny's 'stick to it-iveness'..
has been battlin' 'like a Champ'..~
AAIP
http://www.bloomberg.com/news/2012-02-23/banks-lobbied-to-widen-volcker-rule-before-inciting-foreigners-against-law.html
Bank Lobby Widened Volcker Rule, Inciting Foreign Outrage
U.S. banks pushed regulators to widen proposed restrictions on trading and hedge-fund ownership by foreign firms, then encouraged governments around the world to complain about the rule’s reach.
The two-pronged lobbying strategy resulted in foreign officials joining U.S. lenders to push back against the Volcker rule, named after former Federal Reserve Chairman Paul A. Volcker and incorporated in the 2010 Dodd-Frank Act.
“The criticism of foreign governments on behalf of their banks is helping U.S. banks fight the rule,” said Anat Admati, a professor of finance at Stanford University. “It also muddies the water, shifting the debate away from the main issue, which is reducing the risks banks impose on the economy.”
I guess they really, really, really don't like the Volcker Rule.
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