Thursday, November 05, 2009

Mark Faber, Dollar May Have Started A Rally

Dear Mark, if were our subscrber, you would have known earlier than November 4 that Dollar may rally. Thanks!

80 comments:

xerxes said...

Good Morning Dear Boris ... Looks like the euro will not be denied

boris said...

Dear Xerxes,All In good time
What makes us different is we call things and we call times too
Euro is correcting... maybe even to echo top. But details for subscribers


Good Trading Dear Xerxes,

xerxes said...

Initial claims today Dear Boris ... Sooner or later the numbers will improve as, eventually, most marginal staffings will have been made redundant ... By then, everyone that doesn't have a Goldman size paycheck will find that the dollars in their pay packets don't buy very much ... Pensioners will find that their SS checks, that once could buy 200 loaves, now buys 50 loaves

boris said...

Dear Xerxes,
Those were exactly my words, except I wrote that article about 2.5 years ago. I was comparing at www.safehaven.com the Russian pernsioner to American one and said that pre CPI(SOPI)TALIST revolution in 1990's Russian Pensioner could by 100 loaves of bread, which doday only buys 1.
Those were exactly my words 2.5 years ago and much higher Dollar values and before Crisis!

It is ok for you to repeate that, just know where it came from(:-

Thanks Dear Xerxes
It is not you could not have come up with it or did not come up with it on your own, but it is much easier to come up with that statment today than it was almost 3 years ago.

Good Trading Dear Freind Xerxes

xerxes said...

I don't know where I came up with that bread biz ... could very well have been a subconscious reference to you, so I defer ....

BNP Paribas is looking for EURGBP parity Dear Boris as they're looking for more QE

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

xerxes said...

John Chambers says USA is leading the charge out of recession ...

xerxes said...

Goldman owns 7.5% of Hyatt Dear Boris ... Is it on the shaker's list as a buy?

boris said...

Dear Bert,
Very Good morning to you
My Dearest Friend
And Good Trading

xerxes said...

Amazing sterling action Dear Boris ... The faster the counterprinter prints, the more their scrip is worth ... I wish I had that kind of midas touch :-)

boris said...

Well, you have that kind of touch,
because we anticipate(d) lot of events of that nature!

Your midas touch is to connect with ANTISOPITALIST and you need to be congratulated for that, because many have not and do not know what they are missing. But in good time they will all see the value of our advice

Good Trading Dear Xerxes

boris said...

Going for a walk, After early morning sea walk,exercise.
Back soon

boris said...

Another Iron rule of mine

"When in doubt, stay out"

anybody who thought there will be a lot of trends last 15 days has payed a "lot of dues"

Of course, the real question is who knows that setuation is doubtfull? That takes

REAK KNOWLEGE

Good trading

boris said...

Emini199 on DotNet

xerxes said...

With Tricky saying that USA wants a strong dollar, that means Tricky is giving his blessing to continue selling the buck ... That is what a Bloomberg guest said earlier in the week Dear Boris ...

xerxes said...

This has been one helluva USD rally Dear Boris ... Can't wait till a strong sell signal arrives :-)

boris said...

Please Note,
Have no Access to email today.
So please get the files from the Net

Good Trading

boris said...

I hear your frastration Dear Xerxes
Hang On, Trust the system

Good Tradiang Dear Xerxes

xerxes said...

Looks like the SPX may have peaked Dear Boris ...

512k job losers this past week ...Haven't heard much from the Big O lately ... He must be counting all the jobs he saved ...

xerxes said...

Seems like all the pundits think that the BOE should have doubled their QE increase ... They apparently think that the Brits aren't printing enough ... I agree Dear Boris ... The Brits themselves printed a vast amount of Continentals during the War and the colonialists excepted them ... What choice did the proles have? Same today Dear Boris ... I say print till the cows come home; maybe they'll win the war this time :-)

boris said...

Possible Dear Xerxes,
It is possible, Our numbers indicated today that 1062.xx may pose a formidable resistance as it was a combo of retracment and projection FIBO combo

Good Trading Dear Xerxes

boris said...

Brits can only win with Argentina ( in the past), current and future is doubtfull Dear Xerxes

Good Trading Dear Friend Xerxes

xerxes said...

Yes I saw those resistance areas and noted how the advance stalled and the buck caught a few bids :-)

Excellent emini chart today, as usual Dear Boris :-)

xerxes said...

The BOE has a tough competitor in the Argentinians as those dudes have learned the art of currency debauchery better than most anybody else :-)

John said...

Article about Wall Street biggies get the flu shots although they do not meet official requirements. Why does that not surprise me.

old john

boris said...

Dear John,
I missed that. What are the requirements?

Good Trading Very Dear Friend John

John said...

The requirements for regular people like me are- have pre-existing conditions. Like asthma, very young kids with viral infections, elderly with health problems, diabetics, etc.Also, nurses, doctors, some cities to police/fire
But it was just released that some of the big guys on wall street obtained the shots from the government for their essential people even though they have not met other requirements. Some 80 year old woman in arizona does not meet requirements so she does not get it. Some 30 year old trader gets it instead.

old john

boris said...

Dear John,
Thanks for giving this info to US(us)(:- ,

Really, I do not read much lately and certainly would not have found time to get into these details.

Thanks again, My Very Dear Friend and I understand your misgivings.

If that young trader at Godlmen(:- does not get the flue shot, how could he make the money on inside information. By definition he must be on the inside and flue would interrere with that ,
FOR SURE

Good Trading Dear John

xerxes said...

Its good that the wall street biggies get the H1N1 shots Dear John, as it will reduce the competition level in future years considering that, ethyl mercury, a by-product of thimerosal, an additive to the flu vaccine, is a real threat to the nervous system and, according to Eli Lilly, can cause mild to severe mental retardation and motor coordination impairment. Change we can take to the bank, if it is still solvent :-)

boris said...

Dear Subscribers.
Update on DotNet

xerxes said...

Bloomberg says that effective short rates are 0.33% not the headline 1.0%
... Not much higher than the 0.25% set by the fed ....

Another 'white knuckle ride' for the dollar today consequent to release of non-farm payrolls ...

xerxes said...

Westpac representative on Bloomberg says to buy the EurUsd on dips Dear Boris ... She said ECB is to remove liquidity measures while fed will wait till employment improves ... sell sell sell, the buck, that is

boris said...

Dear Xerxes,
Thanks and Good Morning.

Good Trading My Very Dear Friend

xerxes said...

Good Morning Dear Boris ... The Go Go Aussie hit 2nd daily high cracking the 62% retrace ... Gold moving higher ...

xerxes said...

Did you see that Dear Boris, how Egypt has massive gold reserves ...

xerxes said...

Perfect short point reached Dear Boris

boris said...

Dear Xerxes,
Everybody needs a little gold in their lives and Egypt is no exception(:-

Actually, I am glad that our Egyption friends money to buy and hold the gold . Good for them

It is better for them to buy gold instead of ballistic rockets.

Good Trading Dear Xerxes

boris said...

Perfect short for what Dear Xerxes

xerxes said...

They'll use the gold to fund insurgency IMO ...

EURUSD hit an AP, fibo with huge divergence on MACD hourly so I thought it a good spot to short ... But it is just sitting there ....

xerxes said...

S&P futures turned negative but EURUSD still suspended over the canyon ...

xerxes said...

They expect a big improvement in payrolls Dear Boris -175K from -263 the previous month ... I wonder why when initial claims have been over 500k for what seems like forever ... More statistical machinations Dear Boris

xerxes said...

Octopussy is an Israeli, I think, Dear Boris, based on the name ...

boris said...

COuld be,
Dear Xerxes,
What A Name!

Good Trading Dear Xerxes

xerxes said...

Corzine will be going back to Wall Street Dear Boris ... He won't be collecting any UI :-)

xerxes said...

Bloomberg says that 2.5 months after a positive GDP number, coming out of a recession, non-farm payrolls had turned positive ....

Kia is expanding its USA car supply in anticipation of rising sales, ramping up a US facility ....

America on the mend Dear Boris ...

GimmeEuros

xerxes said...

Sarah Eisen says not to take a position on the dollar till 30 minutes after the release .... But if you must take a position pre-release, sell the buck ...

So good number --- increased risk appetite --- sell the buck

Bad number ---- crappy US economy --- sell the buck

I see a common theme here Dear Boris .... Westpac said sell, dollars ... Sarah says sell dollars .... But what I can't figure out is the only one buying dollars is Stanley Fischer :-)

xerxes said...

Zvi Goffer = Octopussy

xerxes said...

53 million was allegedly gained from the insider trader scheme .... 14 arrests or more --- That wouldn't even fund one bonus at Goldman Sachs

xerxes said...

Goldman Sachs Chief Economist up next ... They say he almost always has gotten the payroll number correct for the past 3 years ... I wonder how he can be that accurate Dear Boris :-)

Ivan said...

Dear xerxes, can this happen in Spain or somewhere else:

CEO of the biggest Croatian bank (part of UniCredit group) sold his stocks of that bank, got as bonus, to the mutual fund of the same bank, at the all-time-high price, in second half of 2007. The transaction was about 3 mil EUR. The stock price is now at cca 25% of that price.
And the public knows the fact that he sold to his fund but nobody has courage to write about that because he is one of the most powerful persons in country.
It is now easier to write in media against politicians than against bankers or so. How long can it last?

boris said...

Dear Ivan, the MOney elite is getting ready to strike.

They obliterate people, create disturbances world wide and they could at some point close down the free publications on internet as a pretext to national security.

Nothing would surprise me.
Remember, now that is in the interest of many SOPITALISTS, which are


EVERYWHERE!!!!!!!!


It is not as if you could protest in USSR and in America/USA somebody would publish about it in 70s.

Now the Sopitalists are tight nit all over the world.

That is why I think at some point there will an explostion, natrual or made up , which will cause the dictators ( old sopitalists, with a lot of money) to take over and shut down the freedoms.

The only prohlem with this is that they would have to shut down Internet and that means entire commerce to do that. So, the question is where are we in this struggle between the money elite and people of the world.

I might suggest to you that eventual winner will be More Freedom as internet is unstopabble in its ability to inform formerly underinformed!

Good Trading Dear Ivan

xerxes said...

It won't end IMO Dear Ivan ... They run the show, as you suggest ... All you can do is take care of your family and hope they don't notice you :-)

xerxes said...

Finally Dear Boris the EURUSD short is working just like you said it would :-)

boris said...

Dear Xerxes
You cannot blame me for
EVERTHING(:-

Good Trading Dear Xerxes

Ivan said...

Dear xerxes, it that the solution?
Remeber:

First they came for the communists, and I did not speak out—because I was not a communist;
Then they came for the socialists, and I did not speak out—because I was not a socialist;
Then they came for the trade unionists, and I did not speak out—because I was not a trade unionist;
Then they came for the Jews, and I did not speak out—because I was not a Jew;
Then they came for me—and there was no one left to speak out for me.

Martin Niemoller

xerxes said...

You are correct Dear Ivan ... Unfortunately, the State comes out on top most of the time ... The Mayan Calendar, Zohar, I-Ching all claim the end will come in December 2012 so maybe we get some divine relief :-)

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

boris said...

Dear Bert,
Good Morning to you , Very Dear Friend
Good Trading

xerxes said...

Crazy levels of unemployment in loonieland bids the buckeroo Dear Boris ...

boris said...

Going For A walk
See you all soon

boris said...

Drop below 1055 will
look pretty bad.

Let us hope for bulls we stay above

xerxes said...

Missed the crash in USDJPY Dear Boris

xerxes said...

Carol Masser says the job data was 'shocking' Dear Boris .... I'm wondering who hired the 193,000 people ....

boris said...

From Dear John

"Chris Dodd rips bankers bogarting H1N1 shots - Victoria McGrane - POLITICO.com

This guy is a thief also, but I guess he is up for re-election"

Yes Dear John

Good Trading Very Dear Friend John

boris said...

Madoff, must be paying off some people , Dear Xerxes(:-

xerxes said...

558,000 more unemployed people this month Dear Boris .... 808,000 discouraged workers ..... 26.9 weeks is record high duration of unemployment .... Decline in participation rate has reduced the unemployment rate (U3) to 10.2% from 10.5% .... Sept and Oct saw 600,000 decrease in participation rate ...U6 rate is 17.5% .... Hours worked is leading indicator for employment growth and it declined in Sept and was flat in October ....

xerxes said...

Usually retail hires 570,000 people for holiday season but that number is unlikely at this point...

boris said...

emini200
on DotNet

xerxes said...

So the advice from Bloomberg was correct Dear Boris .... Sell the buck on dips

boris said...

update On DotNet

boris said...

I, whole hyeartedly recommend people to subscribe to Bloomberg(:- for financial advice Dear Xerxes(:-

It is just that those people I recommend that are all on my

ENEMY LIST

Good Trading Dear Xerxes

boris said...

Dear Ivan, I send you email.
Are you there to respond

Good Trading Dear Ivan

boris said...

Update On DotNet

Ivan said...

Dear Boris, I haven't received your email.

boris said...

Ok, Dear Ivan,
I did send you email at your gmail address

But that is fine.
I found the answer to the question I was looking for.

I can discuss it with you, if/when you get on Live Windows.

No hurry
Good Trading Dear Ivan

xerxes said...

The highly accurate Bloomberg crowd :-) Dear Boris has now concluded, post employment survey, that the Fed will be on hold till 2011 ... The dollar carry will carry on to parity and beyond ... I'm putting the flutes back in the chiller

xerxes said...

Boutros Boutros is now finance minister ... Since Egypt has vast 'deep reserves' Dear Boris, is it possible that one day we'll have a 'hard' Egyptian pound?

xerxes said...

Obama said that he's aggressively promoting exports .... sell dollars

Obama said that printing money and handing out welfare will stimulate the economy when the recipients buy food, clothing and pay rent ... sell dollars

Obama said that extending the home buyers credit, etc., will achieve the goal of increasing home ownership ... sell the buck

Obama says that all these measures have been paid for and are budget neutral .... yeah right ... double down and sell every dollar you can find

xerxes said...

Gold strong again again today Dear Boris ... Maybe it has something to do with today's new initiative, announced by Obama, that not only included the items from my last post but the payment of new monies to failing businesses.... I forgot that one :-) GimmeEuros

xerxes said...

USDA said 36.492 million people were receiving food stamps, also known as the Supplemental Nutrition Assistance Program. In July, enrollment stood at 35.851 million. At the current rate, an estimated one in eight Americans receive benefits.
http://www.reuters.com/article/domesticNews/idUSTRE5A34EI20091104?feedType=RSS&feedName=domesticNews