Bill - "One day my daughter who was only about 6 or 7 at the time brought "home" a young playmate she had met many times at the adjacent hotel swimming pool. The child told us that her father worked for the government..."
I hear examples similar to this all the time, I know someone personally who claims 1st hand knowledge during the gulf war US intelligence knew precisely where Saddam Hussein was every moment of the day.
cheapy - Have you been able to back-test the COT commercials correlation? I'm wondering if there isn't some kind of timing offset involved there or some such phenomenon...? The $USD is bound to receive some special FED support at some point, at which time Prechter's call will come true.
So ~98% of concerns are originated by non-posters and there are 50 to 100 persons posting who are securities industry registrants or corporate managers?
I will fully support the concept of a discourse B simply to gain access to their invaluable posts by filtering noisy and tangential chaotic discussion! And out of respect for them, I humbly promise not to post anything in discourse B so as not to interfere!
I'll admit I was a little puzzled concerning your opening post this morning, but now after 24 hrs it finally dawns on me where this is going... Call me slow!
so2c - Great post, this indicates we're moving one step closer to removing the USD/Yuan peg and more towards global free trade practices. Yes, it definitely would cause dollar weakness and Yuan strength depending on how/where China obtains currency to execute the purchase.
"I mean, let's stop and think about why we're here. Yes, we're sociable and we're just showing our humanity. But, as I wrote, that's for the playground, and we need to spend most of our time in the classroom."
Agreed Bill, tangential conversations occasionally go too far. Perhaps some of this stems from a propensity for loosening comment after hours, which I look forward to as a kind of daily post mortem to sleep on.
The post mortem can be a powerful learning tool.
PS - When you mention being in XX% cash, is it safe for us to assume you are referring to $USD?
Fransix - "The next step is negative interest rates"
Good point, we shouldn't forget to add this to the list of positives for POG. To add, I read on another blog there have been pre-G20 "leaks" that stimulus will remain in place.
I just read another $70B of Treasury auctions are in the pipe for next week. Perhaps this explains some of today's Treasury price action and maybe some of gold's fervor.
Grym - That works for me, a level-headed approach for sure. Keeping a tight rein on my stops and plenty of cash on the side in case of an "unpleasant" event. When one of my favorite money managers commits over 90% of his buying power to $USD cash, that tells me something...
Agreed, and another (new?) item for the list is reportedly Chinese are being advised to purchase gold. This kind of "news" resulted in a pop once or twice previously if I remember correctly.
My antenna are receiving a familiar frequency... The real McCoy in my mind comes suddenly with absolutely no warning.
Market shrugs at the news and proceeds higher... So why exactly is gold rising so quickly now of all times... Something's up; pray tell but whom dost thou wish to deceive? In the leaving of thee no soul shall grieve.
The market rally can't continue on this pace forever...
Pretty yellow stuff has been hanging out in the clouds much longer than I anticipated this time, but I'm still betting it comes back to earth soon so I may reload. It always has...
Hammer1 - "For some us it may also be beneficial if some of the experienced traders identified what they feel are misguided posts... ones that may lead a novice trader to make poor trades. They also might provide a detailed explanation as to why they feel that way."
I support your request 100%, thanks for putting it out there.
play - Ben there, done that more times than I care to reflect back upon. LOL! I'm still trying to avoid the mistake of selling too early that which I know was a screamingly good buy and it's not easy, I've left a lot of money on the table. So I have to wait for new repurchase opportunities...
Play - Welcome, you have made some very impressive trades. I'd like to hear about why you sold AAPL too soon. Specifically, what influenced your decision to sell?
Bill - "One day my daughter who was only about 6 or 7 at the time brought "home" a young playmate she had met many times at the adjacent hotel swimming pool. The child told us that her father worked for the government..."
I hear examples similar to this all the time, I know someone personally who claims 1st hand knowledge during the gulf war US intelligence knew precisely where Saddam Hussein was every moment of the day.
Bill, does the attached document qualify as per your request from Tues?
cheapy - Have you been able to back-test the COT commercials correlation? I'm wondering if there isn't some kind of timing offset involved there or some such phenomenon...? The $USD is bound to receive some special FED support at some point, at which time Prechter's call will come true.
So ~98% of concerns are originated by non-posters and there are 50 to 100 persons posting who are securities industry registrants or corporate managers?
I will fully support the concept of a discourse B simply to gain access to their invaluable posts by filtering noisy and tangential chaotic discussion! And out of respect for them, I humbly promise not to post anything in discourse B so as not to interfere!
I'll admit I was a little puzzled concerning your opening post this morning, but now after 24 hrs it finally dawns on me where this is going... Call me slow!
This would be fantastic! ;)
Les - "I would have no further inclination to post if I can merely check in from time to time for the "B" discourse."
I'll meet you in discourse A, I still want to hear your "ramblings"
so2c - Great post, this indicates we're moving one step closer to removing the USD/Yuan peg and more towards global free trade practices. Yes, it definitely would cause dollar weakness and Yuan strength depending on how/where China obtains currency to execute the purchase.
"I mean, let's stop and think about why we're here. Yes, we're sociable and we're just showing our humanity. But, as I wrote, that's for the playground, and we need to spend most of our time in the classroom."
Agreed Bill, tangential conversations occasionally go too far. Perhaps some of this stems from a propensity for loosening comment after hours, which I look forward to as a kind of daily post mortem to sleep on.
The post mortem can be a powerful learning tool.
PS - When you mention being in XX% cash, is it safe for us to assume you are referring to $USD?
jaycrescent - "rotating away from oil as an inflation hedge"
Okay, yet another excellent point for consideration. Thank you all, the collective thought process is an empowering tool.
Fransix - "The next step is negative interest rates"
Good point, we shouldn't forget to add this to the list of positives for POG. To add, I read on another blog there have been pre-G20 "leaks" that stimulus will remain in place.
"They sure could use a guy like you, Bill, to set up a Cuban stock exchange"
That's not a bad idea, it would be a blast to follow something like that.
I suppose economists probably believe higher rates would tend to suppress economic activity. I happen to agree.
I just read another $70B of Treasury auctions are in the pipe for next week. Perhaps this explains some of today's Treasury price action and maybe some of gold's fervor.
Grym - That works for me, a level-headed approach for sure. Keeping a tight rein on my stops and plenty of cash on the side in case of an "unpleasant" event. When one of my favorite money managers commits over 90% of his buying power to $USD cash, that tells me something...
"Here's a partial list of what may be up."
Agreed, and another (new?) item for the list is reportedly Chinese are being advised to purchase gold. This kind of "news" resulted in a pop once or twice previously if I remember correctly.
My antenna are receiving a familiar frequency... The real McCoy in my mind comes suddenly with absolutely no warning.
Market shrugs at the news and proceeds higher... So why exactly is gold rising so quickly now of all times... Something's up; pray tell but whom dost thou wish to deceive? In the leaving of thee no soul shall grieve.
The market rally can't continue on this pace forever...
Pretty yellow stuff has been hanging out in the clouds much longer than I anticipated this time, but I'm still betting it comes back to earth soon so I may reload. It always has...
Hammer1 - "For some us it may also be beneficial if some of the experienced traders identified what they feel are misguided posts... ones that may lead a novice trader to make poor trades. They also might provide a detailed explanation as to why they feel that way."
I support your request 100%, thanks for putting it out there.
play - Ben there, done that more times than I care to reflect back upon. LOL! I'm still trying to avoid the mistake of selling too early that which I know was a screamingly good buy and it's not easy, I've left a lot of money on the table. So I have to wait for new repurchase opportunities...
Play - Welcome, you have made some very impressive trades. I'd like to hear about why you sold AAPL too soon. Specifically, what influenced your decision to sell?
Absolutely, we can make money either way. And around the corner comes Sept 11th...