"You'll never learn. I guess it's time for an old school lesson."
Creditcane™: I'm still here. You don't think it's that easy to get rid of me? Do you?
SPXBullish long day (confirmed bullish harami). Midpoint above EMA(10). Tested and held SMA(21). Tested and held the 0.0% retrace (1359.44). No daily 3LB changes (reversal is 1374.09). QE2infinity.
DXYBearish long day (confirmed bearish harami). Midpoint above EMA(10). Tested and failed the 61.8% minor retrace (79.60). Tested and failed SMA(55,89). No daily 3LB changes (reversal is 78.27).
VIXSpinning top day (closed one window & opened another). 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 21.14).
GOLDBullish short day (weak confirmation of bullish harami). Midpoint below EMA(10). Failing its 38.2% retrace (1721.30). Tested and failed SMA(89). No daily 3LB changes (reversal is 1711.30). Still above monthly 3LB mid. Must have the precious.
EURUSDBullish long day (confirmed bullish harami). Midpoint below EMA(10). Tested and held SMA(21,89). Tested and held its 61.8% minor retrace (1.3236). No daily 3LB changes (reversal is 1.3063).
JNKBullish short day (confirmed bullish harami). Midpoint below EMA(10). Failing SMA(21). Failing its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.88).
10YR YIELDSpinning top day. Tested and held SMA(144). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.47).
WTIBullish short day (weak confirmation of bullish harami). Back above all SMA's. Midpoint above EMA(10). Failing its 38.2% minor retrace (107.86). No dally 3LB changes (reversal is 109.77). Not confirming the monthly 3LB reversal down.
SILVERBullish short day (weak confirmation of bullish harami). Tested and failed SMA(144). Midpoint below EMA(10). Failing its 61.8% retrace (35.41). No daily 3LB changes (reversal is 37.20).
BKXBullish short day (confirmed bullish harami). Midpoint above EMA(10). Tested and held SMA(21). Holding above its 50.0% retrace (43.76). No daily 3LB changes (reversal is 45.79).
HYG/LQDBullish long day. Tested and held SMA(144). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7857).
EEMBullish short day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 61.8% retrace (43.48). No daily 3LB changes (reversal is 44.75).
EUFNSpinning top day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and failed its 38.2% retrace (18.04). No daily 3LB changes (reversal is 18.39).
AAPLBullish short day. Still above all SMA's. Midpoint above EMA(10). Failing its 0.0% retrace (547.61). No daily 3LB changes (reversal is 545.18).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
98 comments:
I still like the idea of being short here despite today's nice looking bounce...the only thing that makes me nervous is the DXY...that was a real punk day in Greenback land.
"According to Sports Illustrated, 78 percent of NFL players who are retired for only two years file for bankruptcy or are under financial stress, and after five years of retirement 60 percent of NBA players suffer the same fate."...
~~~
Goes to show those punks...
Now ~ if they'd used their college scholarships to earn BUSINESS DEGREES (where the TRUE value of 'Keynesian' economics & fractional reserve fiat is taught to, & understood by graduates) ~ they might all have become successful traders & assured themselves a lifetime of financial success & strees free living on the back of CENTRAL PLANNING monetary policy...
Andy T
Well the SPX didn't reverse up on the daily 3LB (but did get back above the weekly 3LB mid). It also held SMA21 which has been a line in the sand in the past.
CV
They don't need to be traders. Just someone to teach them how to use their money to make money. Buying land, munis (of the city they're playing in), corp bonds (of their sponsors), etc. Nothing too fancy but enough to insure they aren't broke a few years after retiring.
@Amen
As does most everyone on this blog... You entirely miss my point...
Munis? Corp bonds? Stocks? (IOW ~ any "asset class" valued in FIAT)?
Interesting thing about FIAT... It makes you 'feel' wealthy while it sits there on an accounting ledger... (& oddly, the larger that number grows, the 'smarter' you often feel)...
& generally, it tends to work... That is... UNTIL IT DOESN'T...
But I'M SURE this time is different (which makes cv the 800 pound IDIOT in the room)...
Sorry for the interlude...
Just someone to teach them how to use their money to make money
~~~
"Money" does not MAKE money (or, I should say IT DOES, but if it does, it is not WEALTH, it is only more money)...
The problem with people is that they confuse "capital" with "money"...
"Capital" is the investment in infrastructure which produces goods upon the application of labor...
"Money" is the proprietary attempt to control the flow of capital (skimming a portion thereof), which eventually leads to mis-appropriation of said capital & said labor...
Unless you're going to tell me that "Mr. Market" is the thing that is the gatekeeper of that "flow of capital"...
To which I say... (in the present timeframe)...
BWAHAHAAHAHAHAHAHAHAHAHAHAHA!
CV
Did you pay for your seeds with silver/gold? How about can goods? Your tilapia farm? Your bills? Nothing wrong with having PMs but until that day comes you still need money (fiat).
Got stopped out my SDS calls today, guess my guess about this being a hiccup my come true, but still... looks good to short, will wait though.
speaking of muni's... need to figure out when/if I want to get out of my VCV and FAX I've held for a few years. I know about a year ago peeps thought muni's might not be good but VCV seems to keep chugging upwards. That last BIG dip in VCV I bot a bunch. Div and price has been good... for how long though.
Feels good to be back OFF the mainland (LA area, Phoenix, SF area) and back to the slower life on the big island. Why peeps would ever want to live in those congested nasty cities I'll never know.
""AmenRa said...
Nothing wrong with having PMs but until that day comes you still need money (fiat).""
god knows I spent alot of that (fiat) this last week, and too much on gas ($4.59 one place near santa barbara) for the car!
re: wow NG (other thread)
can this biatch really go much lower?
the bankruptcy rate with players has nothing at all to do with "fiat currency"
these people have a spending problem. its not as if someone that earns $150m over their career and is having the issue of overcoming price inflation. If you read that article all you can conclude about Iverson considering the income he'll still have rolling in on a monthly/annual basis is that:
he's an idiot
The CAC is coming! The CAC is coming! Hide your wife and kids!
(/snark)
The Republic has decided to extend the invitation period in respect of each series of its bonds issued under laws other than Greek law until 9:00 p.m. (C.E.T.) on 23 March 2012, to allow holders of those bonds who have not yet tendered them for exchange or submitted consents to do so.
I knew there was an extension coming. The holdouts might need a food tester...
85.8% of Greek las bonds were tendered.
69% of non Greek law bonds were tendered. Two weeks of intimidation are coming.
http://www.reuters.com/article/2012/03/09/us-markets-forex-idUSTRE8261YO20120309
Euro falls as periphery worries overshadow Greek deal
"Portuguese government bond yields rose on Friday as the country looked to be the next weakest link in the euro zone's sovereign debt crisis.
Representatives of the European Commission have been in Spain to evaluate its 2011 budget deficit which came in much higher than expected, while the country has defied the EU and softened this year's budget deficit target.
"We think Portugal is largely ring-fenced but Spain could be a bigger problem," said Geoffrey Yu, currency strategist at UBS, who target a move towards $1.25 in the euro, which he said was primarily based on a relative growth view."
...Popcorn futures are up..
Q4,
you Long FAX ?
this one:
http://finviz.com/quote.ashx?t=FAX
??
That's been a 'Favorite of mine' for Loong Time..~
~~~
as an aside, ~came across a Family that was 'loaded down' with C stock, from an 'Ancestor', c.2001..
was trying to explain, to them, the various 'Problems' that C had/was going to have..
rec'o'd: FAX, instead..good Yield, U$D diversification, decent Qual. 'Holdings'..
+ the whole 'Paper-to-Things'-Shift=pro-Commodities/Producers-angle..
no dice, C was like a 'religion'--blessed by beloved 'Ancestor' "who Knew"..
"Things Change.."
this Chart, still, 'blows my mind'..
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=FAX&time=13&startdate=1%2F4%2F1999&enddate=3%2F9%2F2012&freq=1&compidx=aaaaa%3A0&comptemptext=C&comp=C&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=38&y=19&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12
AAIP
Hee hee. NFP +227k, private +233k, LFPR 63.9, U6 14.9%, U3 8.3%.
QE3 just got delayed.
Oh yeah. B/D 91k.
http://www.usdebtclock.org/
Actual Unemployed/ US Workforce= 16.3%
cv--
here: "...Just someone to teach them how to use their money to make money. Buying land, munis (of the city they're playing in), corp bonds (of their sponsors), etc. Nothing too fancy but enough to insure they aren't broke a few years after retiring..." @20:09
AmenRa,
started off w/ "Land"...
your rejoinder?
"...Munis? Corp bonds? Stocks? (IOW ~ any "asset class" valued in FIAT)?..."
~~~
also, you lay out..
"...The problem with people is that they confuse "capital" with "money"...
"Capital" is the investment in infrastructure which produces goods upon the application of labor...
"Money" is the proprietary attempt to control the flow of capital (skimming a portion thereof), which eventually leads to mis-appropriation of said capital & said labor..."
~~
"The problem with people is that they confuse "capital" with "money""
The problem with people is that they confuse Capital with Currency/Credit.
Money is Capital(a kinetic form of it).
~~
"..."Money" is the proprietary attempt to control the flow of capital..."
"Money"(properly, Currency) is the proprietary attempt to control the flow of Capital..."
~~~
save the 'bombast' for the 'other' "Crowds", and, in the meantime, try to get your Definitions correct..
~
:)
AAIP
AAibid yep, 1st time I bot FAX, believe was 1999 @ $4.54. Bot more then sold it all couple years later. Later started buying it in the ROTH and been adding a little here and there. Then started buying VCV. Like how they keep dumping new shares into the acct every month :)
re: bigchart FAX/C... unreal, also, that chart doesn't account for the FAX DRIP gain
Odd. DXY screaming higher yet USTs getting sold. Gold and silver lower, WTI gaining. There's a disturbance in the force.
AAibid, like to add I also owned PAAS about the same time (1999-2000), it doubled so sold it. never thought it would have been a 8-10 bagger :(
AAibid, like to add I also owned PAAS about the same time (1999-2000), it doubled so sold it. never thought it would have been a 8-10 bagger :(
March 9, 2012 9:42 AM
Q4,
isn't that amazing?
that's, still, the ~toughest thing for me--knowing when to Sell, or not..
one of the Reasons I like 'Option(s) Strategies'...most, are 'pre-Defined', then, they ~Work, or not..
Simple :) like Me..
AAIP
also, looking, at this:
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=PAAS&x=43&y=18&time=13&startdate=1%2F4%2F1999&enddate=3%2F9%2F2012&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=8
again..
that's a Massive 'Double-Top', yes?
looks like..
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=SPX&insttype=Index&freq=2&show=&time=20
~~~
PAAS v. AAPL
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=PAAS&time=20&startdate=1%2F4%2F1999&enddate=3%2F9%2F2012&freq=2&compidx=aaaaa%3A0&comptemptext=AAPL&comp=AAPL&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=44&y=16&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12
'Parabola'-much? :)
ibid.
ISDA meeting started at 7AM EST. If they haven't figured out whether CDS has been triggered by now then they're waiting to announce during the final 15 minutes of trading.
Quotage..
"Does it not seem a vast waste of valuable human material that the pioneers of thought, those who by their genius dare to clear unknown paths in the arts and sciences and in government, should have to conform to the dictates of that non-creative, slow-moving mass, the majority? An appeal to the majority is a resort to force and not an appeal to intelligence; the majority is always ignorant, and by increasing the majority we multiply ignorance. The majority is incapable of initiative, its attitude being one of opposition toward everything that is new. If it had been left to the majority, the world would never have had the steamboat, the railroad, the telegraph, or any of the conveniences of modern life."
-- Charles T. Sprading
(1871-1959) Libertarian activist, writer
Source: Charles T. Sprading's Introduction to Liberty and the Great Libertarians; An Anthology On Liberty; A Hand-book Of Freedom (Los Angeles: The Libertarian Publishing Company, 1913)
http://quotes.liberty-tree.ca/quote_blog/Charles.Sprading.Quote.A32F
"The preservation of freedom is the protective reason for limiting and
decentralizing governmental power. But there is also a constructive reason. The
great advances of civilization, whether in architecture or painting, in science
or in literature, in industry or agriculture, have never come from centralized
government."
-- Milton Friedman
(1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, "ultimate guru of the free-market system"
Source: "Capitalism and Freedom"
http://quotes.liberty-tree.ca/quote_blog/Milton.Friedman.Quote.308A
"But our society -- unlike most in the world -- presupposes that freedom and
liberty are in a frame of reference that makes the individual, not government,
the keeper of his tastes, beliefs, and ideas; that is the philosophy of the
First Amendment; and it is this article of faith that sets us apart from most
nations in the world."
-- William O. Douglas
(1898-1980), U. S. Supreme Court Justice
Source: dissenting, Paris Adult Theatre I v. Slaton
http://quotes.liberty-tree.ca/quote_blog/William.O..Douglas.Quote.331F
ibid.
""isn't that amazing?
that's, still, the ~toughest thing for me--knowing when to Sell, or not..""
... after holding it for a couple years and it doubles, can't blame anyone for taking profits :)
... think everyone has the same problem of when to sell. So, after thinking about it a little more, I'll hold the divy payers in the ROTH for many more years.
{Left side of my brain thinking outloud... SPX gonna pound against 18's 1375 again. 1406 may be in play, thought last week if we do bust through 1375, might be a quick trip to 1406.)
gee, speaking of 'Charts'..
a beaut..
http://finviz.com/quote.ashx?t=GMCR
as in 'fug!ly!'..~
~~
speaking of "1375"..
High:
1,374.76
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=SPX&insttype=&freq=&show=
ibid.
missed 1375 by $0.05 (this time)...
1. Calculate 75% copper value :
(3.8326 × .00220462262 × 5.00 × .75) = $0.0316849
2. Calculate 25% nickel value :
(8.5622 × .00220462262 × 5.00 × .25) = $0.0235951
3. Add the two together :
$0.0316849 + $0.0235951 = $0.0552800
$0.0552800 is the melt value for the 1946-2012 nickel on March 09, 2012.
http://finviz.com/quote.ashx?t=S
~2.84
I thought that 'new Debt raise' was a good Idea..
ibid.
lol, my last post... I keep getting different data, anyway, it was close :/
18..
you know, that ~10.4% 'premium' won't cover the cost of the Smelt, let alone the 'separation' of those Metals, yes?
still, if one was looking for a High-Quality Washer, or decent 'counter-'Weight..
Nickels are hard to beat..
AAIP
When the Rothschilds activate FEMA, it's all over for CAPS-LOCKING Tilapia farmers.
Ticker "AAIP" not found.
I hear that. In the 70's, growing up in Yuma, AZ, a friends dad use to drill out Peso coins and used them as washers/shims on his farm equipment. Piles of Pesos were laying everywhere in his shop. He would buy diesel in Mexico for around $0.10/gal. Wasn't real clean fuel so he added another filter and it ran great! Remembering buying Corona in Mexico for $1.50/6pak... before it became popular.
$SPX compressing last 50 minutes...
Q4,
"...Remembering buying Corona in Mexico for $1.50/6pak..."
yeah, I hear that, I remember seeing/buying that stuff, in Tejas, in College, for U$D 7-8./Case..
then, 'all of a sudden'...by the Time it reached the NE, peep were 'in line' for it, @25-33/Case..
have never, ever, Paid that kind of Peso for that 'glorified' "Burro Piss"..little wonder the 'cans where, forever, sticking Limes into it..
ibid.
http://www.google.com/#hl=en&sclient=psy-ab&q=Tilapia+shit+fish&oq=Tilapia+shit+fish&aq=f&aqi=g-bq1&aql=&gs_sm=3&gs_upl=2281l13161l0l13609l19l17l1l0l0l0l1293l8308l0.3.7.0.1.1.2.3l19l0&gs_l=hp.3..0i8i22.2281l13161l0l13610l19l17l1l0l0l0l1293l8308l0j3j7j0j1j1j2j3l19l0&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=9970e3d003ee7d92&biw=1024&bih=618
@Amen
Did you pay for your seeds with silver/gold? How about can goods? Your tilapia farm? Your bills? Nothing wrong with having PMs but until that day comes you still need money (fiat).
Status report on that (if you're truly interested)...
SEEDS
Not much of a need for fiat, silver, or gold to "purchase" them anymore... After successive generations on what I like & use... It's pretty much all "heirloom" at this point... IOW ~ I'm basically using seeds that I harvested from the previous years (& previous years harvests)...
I oughtta start a seed company... Trouble is, I'd have to probably accept fiat as payment at the moment & I'm not altogether interested in that (though it has it's moments)...
TILAPIA
Is a project that, "operationally", had a down year last year... I think I probably said it here on the blog, but the Maryland property is now sold (closing as of 3 weeks ago)... For anyone that still believes in the REAL ECONOMY, here's how that went down... You're talking Howard County, Maryland (3rd richest county in the US by some metrics)... We basically got full asking price for the property, but not after EXHAUSTIVE renovation to the property (mostly done by yours truly (except where "pro-contractor" seals of approval were needed which is par for the course in a stuffy regulative environment such as Maryland)... "Radon" (fucking "Radon")?... YGTBFKMe... So what happens?... You pay $1,000 to get a Radon do-hickey put at the location of your sump... & how does that work?... Frankly I dunno, But all I can see is a pipe which now extends out of the basement and up the side of the house, & now is about 2 meters UNDER the bedroom window of the new owners house (where their 6 year old sleeps)... "We're from the government & we're here to help!...
Anyway, the "nursery" for the tilapia operation was THERE (while the fish were at the farm)... Unless I wanted to have fish living in PODS containers last year, I had to shut it down until I was fully re-situated... Of course, since THERE IS NO FARM, I'm actually homeless at the moment, so don't be offended by anything I say because it DOESN'T EXIST (because I don't, IN FACT, have an internet connection)...
Lastly on the BUYERS... The house went on the market in late October & we had a buyer in mid-December... Green Beret & spouse military disability benefits... Ft. Meade is very close (which is also NSA ~ wink, wink)... There are also 3 other families who live on the same cul-de-sac (who are "wink wink", plus a couple 3 lots away that are JCOS brass... But now that I told you all that I'll have to kill you (if they don't kill me first)...
~CONTINUED
PM's
Oddly ~ Wednesday I had to go back to HoCoMD... I've already laden you all with my EXASPERATING stories of trying to buy gold & silver back in December but got turned away by the 3 local coin shops...
Anyway ~ I had some fiat burning a hole in my pocket so I took a chance & stopped in a coin shop "en route" and bought some more ASE's... Interestingly, (& I didn't know this before), but you don't have to pay MD sales tax on purchases under $1,000 (so I bumped up the purchase price accordingly & ended up with about 28 oz.)...
For the record, at this point I don't really care at what PAPER PRICE I buy Ag bullion at...
Amusingly, I stopped by "whimsically" because of two factors...
- I happened to be driving by & figured I'd save some gas & time...
- I'd read a comment from a Dr. Lusciouslips the day before about gold being DOWN "fiats" the day before... If there's anything I've learned in my blogging career... Dr. Lusciouslips is an instant fade...
~~~
Oh... The story doesn't end there (& here, AMEN, I bow you your fiat wisdom)... I stopped by "BJ's" (y'all know ~ the big box retailer ~ aka TEAR OUR WRISTS headquarters, or OUGHT to be)...
I go there to stock up (sometimes, walking away with nothing)... Anyway ~ I always pass by the meat section (seeing as I have 5 full freezers running on relatively low watts & powered by "off the grid" solar (which also addresses the BILLS part of Amen's query)...
They were trying to push "SHOULDER CUTS" @ $2.49 a pound (calling them "London Broil" ~ which anyone who knows anything knows that LB is not a cut of meat it's a method of cooking)... Anyway ~ I wasn't interested because I knew I had a decent amount of that in stock (besides the 2 live steer in the adjacent meadow)... But as I scanned left to right (full right being the more premium cuts), I noticed that a 13 pound slab of NY cuts was MISLABELED (it had a "shoulder cuts" price on it)... Well ~ I don't have to tell you the rest other than to say by the time that they're cut into 1 inch steaks... & the $32 I paid for the whole thing... Can I say "DOLLAR MENU"?
Combined with the addition of the silver bullion... IT WAS A GOOD DAY...
http://www.youtube.com/watch?v=QWfbGGZE07M
cv--
"ASEs"
??
ibid.
please, don't tell me "American Silver Eagle(s)"
...
ibid.
Converting inflation-protected real estate assets into FIAT currency...that doesn't sound prudent. Getting out of Tilapia, that good idea, chinaman raise for nickel each, you no compete.
I will say this... (because I have about 20 seconds of attention span directed towards PAPER markets wedged in between mock fantasy baseball drafts)...
Does anyone here REMEMBER cv having talked about, (it was mostly in the threads at the end of last year as I recall), the way that EURO:GOLD was more or less trading in tandem?
Well ~ look at today... Is that not a break (possible sign of divergence)... I know A DAY does not a trade make (just ask Dr. Lusciouslips), but it might be worth looking at if it were to end up "trending"...
"$TRANS & "Dow Theory" anyone"?... Come on!... March Madness in up to the plate & even get mint juleps at McDonald's...
The fiat FUN is just getting started!
@AAIP
What's wrong with ASE's?
Frankly, I like the "look" of them...
from ASE.org [LINK]
my tip... buy a honda, do regular maintenance and it'll last forever... my 2005 honda accord ex
@Anon
Whoever the fuck you are, you sound like a dick...
Not YOU Mark... the "other" anon (from the guess who blog)...
I'm happy to report that, position notwithstanding, at least Mark has some grey matter between his ears...
cv--
why the "ASE" lingo?
Silver eagles are, just, that, no?
are there "Mexican Silver Eagles"?
"Brazillion Silver Eagles"?
"ASE", really?
past that, Silver Eagles are Fine..they trade at a Premium, though, ~more People like them..
ibid.
getting the "itchy finger" on SSO calls, but the other hand keeps slapping that finger... grrr
cv, anon is getting to ya so he'll probably keep it up... just a thought
@Mark
To answer your question more specifically (now tht I know what you're driving towards)...
YES ~ ASE's trade at a premium (it was $3.49 over spot vs. $2.99 over spot on Canadian Maples & Mooses, or even $1.49 over spot over generic rounds)...
Here's the thing... I kind of have LESS of ASE's than anything else in the collection (the bulk of which is 100 oz bricks &, believe it or not, & ton [not literally] of pure silver that I won in golf tournaments in Italy over a long period of time)... I have a lot of JUNK too (Andy T ~ being a small counterparty to that thanks to the Baltimore Ravens...
I was light on the ASE's... & besides... I was only spending $1,000 in fiat, so another BRICK was not in reach & they actually didn't have enough Maples, Moose's, Panda's, or Koalas in stock to meet the order...
ASE's it was... therefore... & frankly, I think they're the prettiest of all... I think I've become MY DAD... He was always in love with the old "walking liberty" quarters (which I can't argue are exquisite in design)...
so there you have it...
@qqqq
You don't really get it... "Anon" is not getting to me... First of all ~ I already know who it is...
2nd... He's a fucking idiot (& while I don't usually have time to indulge in responding to idiot logic, it DOES serve a purpose towards "codifying" logic streams... The mass public finds that useful sometimes)...
I'm NOT representing myself as the LOGICAL one in that debate... I'm only representing myself as the dissenting voice (because most people are either too lazy or cowardly to do so)...
cv IS NOT the "truth"... cv is more like the "event horizon"...
@QQQQ (aka "18)
Your "10~something" post (above) on the melt price of nickles...
Again ~ you're missing the point (along with Dr. Lusciouslips)...
First of all, you don't really MELT nickles... In a pinch, there's enough malleability in the copper content to SWAGE (fucking "look it up" ~ I'm tired of these lectures) in a dire pinch...
Mostly though, is the history of coinage... FIAT ALWAYS COLLASPSES... ALWAYS!...
FRN's (I'm saying this for about the brazillionth time)... are DIFFERENT from "minted coinage"...
As result... WHEN the US "petrodollar"" collapses (& it will), a new currency will be issued... OLD FRN's will have zero value (or ~ will be reconfigured to be valued at the new currency, whether that be 50%, or 1% or whatever, depending on how far the ponzi is allowed to extend [which pretty much started in 1971, but passed the event horizon at Jackson Hole 2010])...
So, for example, a US nickle (which is NOT a FRN ~ it is US coinage) will still be recognized as 5 cents on the dollar of whatever THE DOLLAR eventually is... Paper will be worth NOTHING (except its degraded convertibility ~ mostly 'electronic' for all you TRADERS out there)...
Prices RESET... But if a paper dollar resets, say, 100-1 (hell, it was 100 trillion to one in Zimbabwe & I can't recall the Weimar figures)... A nickle will still be worth 1/20th of "a dollar" (or whatever the PAR value of the new currency is)... This has ALWAYS HAPPENED historically...
At this stage in the game, you can't make the case for pennies, dimes, & quarters (because ALL have been downgraded with regards to metal content ~ mostly zinc [while Canada is talking about going to "steel" ~ which is akin to NUMEROUS civilizations morphing to IRON coinage when the paper ponzi was over])...
WTF ever... Do what you want... Hey ~ Dr. "Lusciouslips" seems to be an advocate of ISRAEL bombing the shit out of Iran (you know ~ to PREVENT them from having a nuke... COUGH COUGH... to FORCE Iran to have a Goldman controlled central bank, whilst stealing their gold & oil)...
So assuming he's RIGHT (& RIGHTEOUS)... We'll have many more years of petrodollar hedgemony based on "force projection" of US military (as well as AIPAC lobbying in Washington)...
Hopefully then, there will be YEARS more of opportunities to buy crude etf's with paper and selling them 2 days later to book losses which exceed the perceived aggregate savings from Prius purchases a few years prior...
Don't you just love "capitalism" & "self-destructionism"?...
Anyone get the feeling that ISDA members are setting up their accounts for the fall after they make their announcement? They've been in the meeting since 7AM EST. They were quick to come out with their opinion on GReek debt the last time.
cv--
I was talking about the 'lingo'..
as in, GFR, using ASE as some kind of 'trade' jargon..
it is Completely redundant, was the point..
also, here.."walking liberty" quarters
Standing Liberty 'quarters'..
Walking Liberty 'halves'..
Walking Liberty on Silver Eagles..~
AAIP
"that's, still, the ~toughest thing for me--knowing when to Sell, or not"
yep, me too, far harder time on my end letting winners run all the way than it is to cut a loser
AAPL, certainly comes to mind
cv, lol, i'm not missing the point. was just pointing out missing the 18's 1375 by the data I saw, then it changed. Anyway, when I thought it was a nickel, I copy/paste what was on coinflation.com... that's it.
>I,
>QQQQ/18
>AGREE
>with
>you
>that
>sooner
>or
>later
>the
>US
>dollar
>will
>be
>worthless
>and
>coins
>will
>still
>hold
>some
>value
>dated: 09 March, 2012
>signed
>QQQQ
>and/or
>18
but in the meantime, while buying a breakfast burrito a bit ago, I could have given the clerk a $50 gold coin and got $40+ in change. Or I really doubt she'd have the gold coins in her register to pay the balance at current gold value... so I passed her a 20 spot and we went from there.
@qqqq
Yeah... Good luck in actually trading that top & being able to redeem all your paper into viable currency during the bank holidays that will be part in parcel of that occurrence...
I'm sure everyone here has first hand experience in how to navigate all of that so my words are useless...
@AAIP
chill on the 'ASE'... It's a less keystroke alternative to typing 'American Silver Eagles'...
Not that I don't waste keystrokes otherwise on this blog... (especially with my 3 period endings to sentences)...
http://finviz.com/quote.ashx?t=AAPL&ty=c&ta=1&p=d
~545.19
fixin' to 'Double-Top' ?
ibid.
'American Silver Eagles'...
cv--
you dense?
it's Redundant.
who else is minting "Silver Eagles"?
??
AAIP
re·dun·dant (r-dndnt)
adj.
1. Exceeding what is necessary or natural; superfluous.
2. Needlessly wordy or repetitive in expression: a student paper filled with redundant phrases.
http://www.thefreedictionary.com/redundant
ibid.
CrackieB,
ever catch the 411 on that deal, from that dude?
~
ibid.
""1. Exceeding what is necessary or natural; superfluous.""
X2
oh natural, as in gas, what stock or ETF might be a good long term (2+ years) buy and hold?
I don't feel like doing any homework now :)
@AAIP
I can't believe I'm arguing this...
ASE = 3 typed letters
American Silver Eagles = 20 typed lettes + 2 space bars...
"Exceeding what is necessary"???
~~~
Unless you want me to refer to you as ANOTHER ANONYMOUS INTERNET POSTER from here on out...
QQQQ?... If you want... I'll refer to you as QUEUE QUEUE QUEUE QUEUE, or EIGHTEEN on the future...
Would y'all be happy then?
ASE's = "not pandas", "not maples", not "mooses", "not koalas", not "generic rounds", not "bricks"...
any more questions? (until you want to know what my brackets will look like ~ which I admit are WORSE than peace prize winning "O-BOMB-US-es" have been in recent years?
Or ~ would you all just like to patiently wait for KAREN to return to the blog to offer trading advice?
You know...
- The karen that is ONLY not here because cv has turned into a dick since Jackson Hole '10...
- The karen that everyone pines about these days because once upon a time they either wanted to see what she was trading (&/or get a foto cap of in her panties)...
- The fact that nobody rememberes that karen, multiple times, expressed that her 'trading account' was such that she could not short stocks... (which means that unless she used some kind of ETF collective, her 'shorting' sentiments were relatively useless)...
-
Nikkei 10,000 bitchez!... Get back to work... (whilst not forgetting that cv articulated the sudden divergence of EURO:GOLD on today's candle)... Carry on...
You always have "Dr. Lusciouslips" to tell you when (or when NOT ~ as the case may be) to go PAPER LONG crude (based on prognostications of when, or when not the WHUPPIN STICK will be put in Iran by his friend NET & YAHOO)...
SPX couldn't hold above 1374.09 (daily 3LB reversal) and didn't make it to 1375 (the 18s). But it's still above the daily 3LB mid, SMA21, weekly 3LB mid and the 0.0% retrace (1359.44).
ibid,
just shot you an email about 20 mins ago or so....sorry I was so slow about that
Ra, still 50/50 between going long or short now... flip a coin
some NG stocks
If sovereign bonds aren't safe then WTF is?
cv, you can call me Q or Q's or QQQQ or Q4 or Quad or QUAD4 or QQQQTRADER or QUADTRADER or 18 or 18's or Q18 or QQQQ18 or Rob, really doesn't matter... just don't call me late for dinner, really wouldn't mind to see your casa.
Q's
damn, i didn't realize you were also 18, thought that you were two different people....funny
fwiw, I dont' think there is a properly structured nat gas ETF that can be held for a few years
better off playing futures in that space
imo
Q's
you are pretty good on the computer end correct?
B22, somewhat, all self-taught. Started with the 8080 while at DeVry in 1981. Haven't kept up with coding or website construction last 5+ years or so. At work I install all types of electronics for all govt. agencies, mostly the FAA though.
@Q's
You're invited... In fact YOU ALL ARE INVITED to the miniscule 2 acre farm...
It's enough to handle about 40 (+livestock) in a minimal feeding sense... It's fairly well geographically bound (when it comes to 'river crossing' & 'terrain' considerations)...
There are enough 'friendly' neighbor tenants to exceed the pre-aforementioned boundaries...
All I really care about are that people AREN'T actual, verifiable... DICKS...
It's unbelievable how FEW of those types there are around (as I'm doing the mental roll call)...
for Q4..
FLUKE ain't a Fish, it's a Moneymaker~!
AAIP
"damn, i didn't realize you were also 18, thought that you were two different people....funny "
x2
Funny how we get a sovereign default on the anniversary of "THE LOW".
not that it shoould bother people..
but, I got 2 Jet..
catch y'all 'on the back-9' .. ~
ibid.
B22, re: QQQQ/18, sorry, believe I've mentioned it a few times. Guess a few of us are 2 different peeps on this blog... me, AAIP/ibid, CV/his other personality.
I know I've said I talked to 18 before on this blog so that may have confused some... LOL
re: NG, thx
I been getting this damn COT report in my inbox every week for a long time and don't know what to do with it... LOL. Tried putting some of the data in excel before, not sure what I'm looking at... pfft
http://www.fluke.com/
http://www.fluke.com/fluke/usen/home/default.htm
better linkage..
AAIP
QQQQ
COT shows commercial vs non-commercial buying/selling of contracts.
Party at CV's this weekend
I got the keg
Q's
well, I suck on computers. How much do you know about excel?
I know how to do very basic back testing in there with moving averages by downloading through Yahoo, or some other feed, but I'm looking to step my game up.
you know how to do any of that?
@QQQQ (3:40)
Well then... My offer (3:47), then goes DOUBLE for you...
I ended up selling my NON-EXISTENT country house in Italy, to a "Knight of the British Crown"... A "Sir"... (who basically was the head, seriously, of the FAA in England)... in 2005... for TOP DOLLAR (on the property)...
So I applaud "FAA" Administrators" worldwide... (Oh yes ~ & he, "Sir FAA"... was on the council of the LONDON 2012 OLYMPICS bis, as well)... So he was obviously one of the "brightest& sharpest light bulbs" in the TOOL box...
oh, re: COT
I follow this blog very close weekly:
http://cotstimer-how-it-works.blogspot.com/
have also been trying to run some tweaks on some of his methodology recently, I find COT to be a critical data feed to monitor
Vol at 4pm (1min chart) 3.16m up.
Vol at MOC or 4:01 (1min chart) 21.67m down.
B22, just know the basics of excel and a bit more (make pretty charts). They keep changing it every couple years so haven't kept up with how to record macros and automatic data updates. Only played with it for a while.
re: COT, I know what it is but not sure how to read the charted data. Didn't seem to relate to the markets most of the time. I'll look into it more this weekend.
It's "odd" that seemingly nobody recognized that "18" was "QQQQ" until now...
CV did... LONG AGO (& I mean "real long ago" ~ because, FRANKLY, "not" that I'm a VEDIC or anything... But I DO, actually, read people's posts, I try to understand what they're saying)...
Odd that other opinionated persons never bothered to INVEST that time...
http://www.youtube.com/watch?v=o1v9Z2FVkuY
you have to pull the COT data apart, the absolute numbers each week aren't worth anything
you have to look at relative levels
its better than sentiment imo, where people give opinions in most of the surveys, COT shows what people have actually done
@ben
Just focus on the "tar heels"... They're going to be the ONLY #1 seed (IMO)... That makes it to the final four...
Gotta go grill some NY steaks now...
which amounts to less cost than "THE DOLLAR MENU" (for cv) tonight...
Hasta la vista!
cv, I met you on BR's site when I was "going broke" , when I made charts for him (free) for more than a year (but then he got demanding). Think I boosted his view count then... oh well.
I remember when you started this blog, I just read and didn't post.
CV,
is anyone supposed to buy your 4:12?
are you trying to imply that once again we should all bow down and respect your greatness? That all your wonderful deeds continue to go unnoticed?
Know what doesn't go unnoticed?
When people have an opinion that differs from yours, all you can respond with is total disrespect and a lot of hot air. I suppose in your attempt to understand everyone here you do things like you did a month or three ago when Q's traded in some of his gold for something that he was doing for someone else. You were just trying to "understand what he was saying" when you jumped down his throat and called him a fool for having gotten rid of the gold before you even asked him why he did it. In fact, you never asked him, he just told you.
People can't even make a comment about sports here without you screaming the word FIAT.
usually people that are trying to understand others do more listening than talking, more conversation occurs than shouting down, and they also don't call people fools for doing certain things when they don't have the slightest idea about the motivation behind what they did.
CV,
We shall see, they have 0 bench
but they have serious talent.....and they have Roy.
@ben (4:27)
Come on man!... Are you REALLY, SERIOUSLY going to make me dig that up?
Both you & AAIP made posts (today), towards the dual identity of QQQQ...
I knew about that... I'm not really sure when (but it was as early as last summer ~ & probably before... NOT because I was astute ~ but because QQQQ openly admitted such, that he was "18")...
Don't be a fucking douche...
~~~
I (cv) respond with 'disrespect' & 'hot air' (as you call it), because you really don't have a fucking clue...
FIAT (as you know it), will be DEAD within your lifetime... I've only alluded towards that on these blogs (but I have stated it DIRECTLY in my personal e-mails to you ~ whereby I also called you A FRIEND)...
There's hardly anything you (or the other TRADERS on this blog) can do about it because...
- you DENY the inevitability of such (against insurmountable odds ~ even though you call yourselves "TECHNICAL" traders)...
- Everything that you stand for, (have professed in words on this blog, or in consultations with clients), is predicated on an UNTENABLE dynamic extisting for "x" timeframe in the future, to continue...
The only "BETS" on this blog are being made with respect to TIME (not price levels)...
IOW ~ How long can the FIAT game continue to "work" (& "pay me", as the case may be)... Before it all blows up?...
cv is here to provide the "sanity" voice to that argument...
The fact that I find a small audience of listeners only proves to me that there are few SANE people still around (especially when I consider that I considered the same crowd mildly "intelligent" PRE-JACKSON HOLE '10)...
Tarheels... I think... Will make it to the Final Four...
I'm undecided about Kentucky (another #1 seed)...
I'm doubting Syracuse or Kansas will make it...
I like Ohio State & Georgetown as being (not-#1 seeds to get to the final four)... I'm not going to make a link, but when the brackets are out, I'll eventually make a BRACKET PICK post on my sports blog (which is the same blog that DOESN'T BOTHER getting hyped up about Israel nuking Iran because of the fucking absurdity of the notion unless you're a headline freak trying to make a name for yourself)...
"Don't be a fucking douche.."
always classic coming from you
now I realize the BSB video was in reference to yourself, lol
and your "voice of sanity"....what do you think you know that everyone here doesn't? My god man, talk about being full of yourself.
and of course, of course! its all about paper again....
PATHETIC
and you can blabber on all you like about my denial of such things, long before I ever knew of your existence I was well aware of all the things you constantly go on and on and on about
so here we are.....what happened is you "quit" the blog again (you've easily passed Jay-Z in "retirements" at this point), spent a couple days trying to come up with a new way to spin yourself and then you showed back up with a bunch of the same old tired stuff and a new line of semantics: "you aren't betting on price you are betting on time"
FAIL
btw, I made a giant stack of cash trading in February, it's been a monster year, laughing my ass off, think I'll go buy a bunch of stuff with it, since EVERYONE still accepts dollars and people all over the world run toward them every time there is a crisis.
and for the record, the amount you know about what is said in my meetings with clients is, exactly
0.00
oh, and you entirely missed the point about Q's/18's
I don't care about his "dual identity", and I really don't need you to "dig anything up" everyone here knows how you treat people, Q's included, as if it matters or holds any meeting that "last summer" you realized they were one in the same....wow.
You called it! that better?
I bet, 1,000 years ago when people didn't have American Idol and other things to keep themselves entertained they sat around and talked about the SAME THING every day, all day long, and if anyone tried to change the subject, hopefully they were muzzled, and fast.
finally, much to their delight, one day someone showed up (nomad) and provided a voice of sanity for these poor people, letting them know that the world would one day end, it was...inevitable.
oh, the wonders they performed with such knowledge
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