Thursday, November 12, 2009

Way To Trade




123 comments:

xerxes said...

Remember when I asked you about the RMB Dear Boris ... Check this out :-)

http://chinadigitaltimes.net/2009/11/chinas-empty-city/

xerxes said...

The Goldmen at work Dear Boris;
Here's an article on the supply of oil currently - demand for storing oil is high:

http://www.marketwatch.com/story/what-an-obscure-dutch-firm-says-about-oil-market-2009-11-12

...Vopak is the world's largest independent tank terminal operator, so when it comes to storing oil, liquefied natural gas and the like, they know a few things.

And on Thursday, the group raised earnings guidance for the second time this year.

The reason? There are a few, but the main one is that demand for storing oil is strong.

Also take a look at what A.P. Moller-Maersk /quotes/comstock/23u!0lqm (UK:0LQM 0.00, 0.00, 0.00%) , the shipping giant, said in its nine-month report on Thursday: "There are no short-term prospects of higher demand for oil and gas transports." About the only good news they reported in the third quarter from that division came as vessels were increasingly used as offshore storage facilities.

boris said...

Dear Xerxes
We told you so one year ago.

Wall Street Journal Of next Year.

That is our name(:-

Good Tradiang Dear Xerxes
Thanks for the information

xerxes said...

Ben will show you the money Dear Boris :-) Just like he truncated the USD advance with a 1/2 trillion in swaps last year, he'll digitize all of the 'right' accounts if he is so instructed :-)

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.
Have a great weekend, dear friend.

Bert

boris said...

Dear Bert,
Very Good Morning
to You My Dearest Friend
and
Have a Good Trading
and even better
Weekend

John said...

Boris,

Get your hour in today

old john

xerxes said...

Dear Boris ... Trade deficit widened and much was due to crude, according to Bloomberg, when compared to the August trade deficit ... Import prices surged; in August crude cost 25% less, mystery solved, I think .... So Ben's QE is workin' just great as everybody expect Goldman is gettin' skiiiiruuued :-)

boris said...

Dear John,

Thank you so much,
You were among the big mitivators to get me in SHAPE AGAIN.

Thanks and Yes, I did go for a long walk today
My Very Dear Friend

Good Trading Dear John

xerxes said...

Bill Gross says he's tickled pink with QE and ZIRP and wants Ben to keep it up for at least another year .... Why not? He can sell buckeroos to the chump that was interviwed yesterday on Bloomberg Dear Boris :-)

boris said...

EMini is on DotNet

xerxes said...

Jim Chanos: China Is Headed For A Huge Crash

There’s a growing group of market professionals who see a different picture altogether. These self-styled China bears take the less popular view: that the much-vaunted Chinese economic miracle is nothing but a paper dragon. In fact, they argue that the Chinese have dangerously overheated their economy, building malls, luxury stores and infrastructure for which there is almost no demand, and that the entire system is teetering toward collapse.

A Chinese collapse, of course, would have profound effects on the United States, limiting China’s ability to buy U.S. debt and provoking unknown political changes inside the Chinese regime.

The China bears could be dismissed as a bunch of cranks and grumps except for one member of the group: hedge fund investor Jim Chanos.

Chanos is reportedly attempting to short the entire Chinese economy. What's fueling the short case against China?

* The $4.3 trillion Chinese economy is under-performing despite a $900 billion stimulus program.

* China seems to be cooking its books. For instance, it reports that car sales are surging while gasoline consumption is flat. Is that realistic? Or are state run Chinese companies just stock-piling cars?

* China may have too much capacity. The central planners built out productive capacity for a booming economy but China is stalling. In nearly every sector of the economy, China is in danger of producing huge quantities of goods with no buyers.

* China's economic and political posturing signals that its leaders have no idea what is in store for them. The result may be a surprising economic collapse, akin to what happened when the housing bubble popped in the USA

boris said...

Dear Xerxes,
It would not surprise me that Chinese Commie's(Sorpitalists) are cooking the books, just like the old USSR commie's( sopitalists did). It is all so conenient for them to glorify themselves with BS (mis)information. Remember every passing regime is working on TIME.
Is TIME is the essense when crooks know that they are on TITANIC and looting it, they need as much time as possible to complete the looting and transfer to safe places, like Gorbachev, Like Yelzitn , Like Chan Kai Shek... and well, I will not try to list all in USA today who are exactly of the same mentality.

China, is awaiting same faith as Japan, perhaps sooner than later.

What the implications are for investmnet, is clearly seen in our SEEFUTURE. Chanos may have seen it now, but we saw it for over one year that there is something with the OIL consumption FUTURE and you know the timing as well(:-

Hallelujah. This is all amidst GS/BS procouncements that OIL is going (hahahahaha 100 or more, too bad they never tell you when)(:-

Good Trading Dear Xerxes

xerxes said...

I need a refresher on SeeFuture Dear Boris .... I only recollect your prediction for near-term movements...

Even China is now a has-been:

"When it comes to global manufacturing, Mexico is quickly emerging as the “new” China. According to corporate consultant AlixPartners, Mexico has leapfrogged China to be ranked as the cheapest country in the world for companies looking to manufacture products for the U.S. market. India is now No. 2, followed by China and then Brazil.

In fact, Mexico’s cost advantages and has become so cheap that even Chinese companies are moving there to capitalize on the trade advantages that come from geographic proximity."

http://www.commodityonline.com/news/No-1-Mexico-No-2-India-No-3-China-22923-3-1.html

xerxes said...

Will this drive GBP:USD back to 5.00 Dear Boris:

Everyone in Britain could be given a personal 'carbon allowance'

It would involve people being issued with a unique number which they would hand over when purchasing products that contribute to their carbon footprint, such as fuel, airline tickets and electricity.

Like with a bank account, a statement would be sent out each month to help people keep track of what they are using.

If their "carbon account" hits zero, they would have to pay to get more credits.

Those who are frugal with their carbon usage will be able to sell their unused credits and make a profit.

http://www.telegraph.co.uk/earth/environment/carbon/6527970/Everyone-in-Britain-could-be-given-a-personal-carbon-allowance.html

xerxes said...

And I can tell you this with 100% accuracy: You cannot support the world's reserve currency when you are the world's largest debtor, when you plan to finance annual deficits exceeding $2 trillion with progressive income taxes and money printing. Our economy is a charade. And when it falls apart, the consequences will be devastating.

Regards,

Porter Stansberry

xerxes said...

Europeans buying cars like mad, Dear Boris ... No recession on the continent

boris said...

So do Chinese Dear Xerxes,
Apparently most of them end up in Govermenet supported corporate storage.

Apparently Chinese believe that
cars
like wine
get better with age
Mazeraties , maybe
I doubt that what China produces now
gets better in time(:-

Good Trading Dear Xerxes

xerxes said...

Good old fashioned fundamentals are fueling the markets, Dear Boris, not the USD carry trade, as per UBS

xerxes said...

Apparently most of them end up in Govermenet supported corporate storage.

madness dear boris, madness

I like the stories about Chinese peasants burying copper on their fields as a 'store of value'

boris said...

I speak from my own expreince Dear Xerxes.
I have bought and stored the Mecedes convertible 280 sl 1968, was supposed to be antique(:-

I payed more for storage than for the car and then sold the car for a loss, in California 4 years ago.

Here is your morale about cars/storage Dear Xerxes

boris said...

Oh, when UBS talks(:-

So, why would not they come out and say, we are for a \

" REAL STRONG DOLLAR"
i.e, the one that we now push higher(:-

Well, you know the answer Dear Xerxes, do not you(:-

xerxes said...

Trade of the day Dear Boris is short AUDCHF ....

xerxes said...

Futures strong all morning Dear Boris ....

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

xerxes said...

Bloomberg says there are 12 VLCC's off the coast of Malta, waiting for crude to surge Dear Boris .... I guess it will depend on who owns the crude on those VLCC's ....

boris said...

I prefer AUDjpy Dear Xerxes

boris said...

Dear Bert,
Good Morning
My Very Dear Friend
Good tRADING TO YOU

xerxes said...

Short AUDCHF was a Bloomberg guest rec for today's trade ..... I am still focused on shorting greentrash Dear Boris :-)

boris said...

Dear Xerxes,
as they say
one man's trash is the other mans gold

What more can I say(:-

Good Trading Dear Xerxes

xerxes said...

Yes, Dear Boris, some will still accept greentrash for relics :-)

xerxes said...

Lots of data to be released soon Dear Boris ....

xerxes said...

143 million barrels of oil, the most in 12 years is stored on VLCC's Dear Boris

boris said...

Goldmen are just about to hire the USS destroyer to bomb all of those VLCC's and raise the OIL prices to 95, by the end of the year.

SHort of that they will be proven wrong again. How many times can the SMARTEST people on Wall Street can be wrong.

Oih' Wey'

Good Trading

xerxes said...

I wouldn't put it past them Dear Boris .... We all know that G-d works in mysterious ways :-)

John said...

Boris,

Get your hour in

old john

boris said...

Good Morning
Dear JOhn,
Good trading to you
My very Dear Friend

xerxes said...

Retail sales Dear Boris ....

xerxes said...

Sales, NY manufacturing, Canadian Man ships all shy ... Should support greentrash, but, nooooo, they sell the buck on good news, bad news or no news ... It's always the right time to sell the buck ... GimmeEuros

xerxes said...

Ben is speaking later today Dear Boris ...

xerxes said...

Bloomberg says airlines are on the runway getting ready for takeoff Dear Boris .... Boom times are comin'

boris said...

Emini205
OnDotNet

Please note the Dark and Red Paths do not differ too much in their probability today and if market stagnates on the down side a bit before open the Red Path may actually take over.

xerxes said...

Some chump from 'Wealth Capital Management' out of Minneapolis says that it doesn't matter if unemployment stays at 10% or more as long as the economy creates some jobs as it will show growth which leads to profits, etc....I was always waiting for someone to say this on Bloomberg Dear Boris ...

xerxes said...

Carol Masser asks 'Where have all the toxic assets gone?' ..... What's in your wallet Dear Boris :-)

boris said...

Dear John,
Thanks for reminding me.
Yes, I got some time in
I will steal some more when the market gets to NYCITY lunch time and go down to weight room and spend another half an hour.

Dear John,
I hope all is well with you and family.

I can see you are no more stranger to Arizone(:-

Good Trading Dear John

John said...

Boris,

I am fine, wife is fine. Moving to a new home next month-- waited, deals fell through , and my patience paid off. Found a deal, patience paid off.

old john

xerxes said...

More than 7 hours in the same place on SPX Dear Boris ....

xerxes said...

AUDUSD just pips away from new high

xerxes said...

13 month high on spx

xerxes said...

Marc Faber said on Bloomberg that if the SPX manages to decline towards 800, Bernanke will print and do helidrops like there is no tomorrow ... 666 is the final bottom

xerxes said...

Some chump on Bloomberg says that there is no USD crisis Dear Boris as neither the bond market nor the money markets have freaked yet

xerxes said...

Robert S. Mendelsohn, MD, author of Confessions of a Medical Heretic (Warner Books, 1980), spent the latter years of his life goring medical sacred cows. He once pointed out that "Historically, when doctors have gone on strike, the mortality rate has dropped." Indeed, a friend and former medical editor remembers a doctors' strike in Israel that only ended when the undertakers picketed the medical association headquarters. Their business was being hurt!

boris said...

Dear John
Glad for you
Enjoy the new dwelling
Say hellow to the lady and
Drink the life (:-

Good Trading Dear John

boris said...

Dear Xerxes,
Amen,
Doctors, Lawyers, Bankers, Polititians, teachers

Not neccessarily in the same order, should all take
LOOOOOOOOOOOOONG
Vacations

Good Trading Dear Xerxes

xerxes said...

Well Dear Boris .... How do you see the afternoon session

xerxes said...

How you gonna vote Dear John ...

Right on the heels of a successful state-by-state nullification of the 2005 Real ID act, the State of Arizona is out in the forefront of a growing resistance to proposed federal health care legislation.
This past Monday, the Arizona State Senate voted 18-11 to concur with the House and approve the Health Care Freedom Act (HCR2014). This will put a proposal on the 2010 ballot which would constitutionally override any law, rule or regulation that requires individuals or employers to participate in any particular health care system.
HCR2014, if approved by voters next year, also would prohibit any fine or penalty on anyone or any company for deciding to purchase health care directly. Doctors and health care providers would remain free to accept those funds and provide those services.
Finally, it would overrule anything that prohibits the sale of private health insurance in Arizona.
Five other states — Indiana, Minnesota, New Mexico, North Dakota and Wyoming — are considering similar initiatives for their 2010 ballots

John said...

Xerxes,

that is one reason I moved out here. kind of like the old west- huge budget deficit but the pols are scared to death of tax increases as they will vote them out. much different than the passive voters of chicago.
also , local ford dealership had their annual sale, buy a new car and get your choice of a new ak47 or glock handgun for one dollar more. i like taking care of oneself. remember, with the laws as they are now written, police officers are nothing more than history writers

old john

boris said...

critical minutes next, 4 minutes
One can sell this market with a risk of new high for today.

Very very , small risk

boris said...

Only 5-10 cents risk takes care of this

miss starbucks tomorrow if you lose

John said...

Boris,

starbucks too expensive for me-- mcdonalds or maybe dunkin donuts.


old john

boris said...

absolutely , no risk of more than 10 cents

That is it.
Or you are not talking to me any more
and you do not see this site again
Good Trading

boris said...

stop it ,
it should have gone by now

xerxes said...

1200 for gold dear boris? SPX still rising ... AUDUSD new high ... sterling near 1.68 ... Silver up 3.5% now over 18 .... Crude back at 80 ... USDX sub 75

Trading lesson 1 ... Sell dollars and buy anything you'd like
Trading lesson 2 ... Repeat lesson 1 till Dear Boris tells you to stop :-)

boris said...

Well,
Market waited us out(:-

xerxes said...

Ben said he wants a strong USD Dear Boris? I almost infarcted when I heard that :-) But maybe I didn't hear it correctly or in context

xerxes said...

I'm looking at some comments you made recently and once again, Dear Boris you make the call almost to the minute .... I don't know how you do it as you didn't know what bernanke would say today :-) Or did you have a copy of the speech :-)

boris said...

It looked like we should have taken a deeper breath(:-

boris said...

Dear Xerxes,
I had a copy of the chart

I was looking at the croach(:-
Reade To Explode

boris said...

I mean ready to explode
!

xerxes said...

EURUSD gave up all the gains since Friday's close

boris said...

Sorry about that Dear Xerxes(:-

xerxes said...

Like I said Dear Boris, your calls are impeccable :-)

xerxes said...

Sterling is unfazed Dear Boris

boris said...

YOu know, I have no problem with that Dear Xerxes

xerxes said...

Are they gonna give it all back now?

xerxes said...

EURUSD recovered 50 pips already ... Ben's just blabbing now and I doubt he'll say anything USD +ve

xerxes said...

A loan shouldn't be declared impaired, by the issuing bank, solely because the underlying collateral value has declined ... I wish I could get deals like that Dear Boris

xerxes said...

Bernanke said he believes in a strong USD and then immediately afterwards said that ZIRP will continue on forever

boris said...

While, I could not allow the larger population to lost on the trade, I stayed in the trade announced and collected profits( small one).

So, the trade, so far truned out fo be of a local significance for the stock market.
For currencies it may have had a stronger impact as the EURO is still down from the lofty levels

Good Trading All

xerxes said...

Antidollar soaring Dear Boris

boris said...

Dear Xerxes,
Yes, and now.
Gold Is Soaring
Everything else is not exactly soaring

Mike Truong said...

Indeed Boris,

The rallies after each subsequent pullbacks have been more and more intense. To move almost 80 points from the low in about 2 weeks is an amazing feat.

Obama wants to ensure that the January effects will not happen this year. Interestingly I wondered if we go below the January 09 closing on Dec 31st 09 trading day will the pundits proclaim some sort of calamity...

PS GBP hit 5th IHAP perfectly. I didn't think it would do so but I guess these things don't surprise me as much anymore.

Good trading dear Boris,

Michael

Mike Truong said...

Dear Boris,

At your leisure, could you answer my question posted on dot net?

Thanks dear Boris,

Michael

boris said...

Dear Michael,
Thanks for your comments

I certainly see you a grown up
trader.

No matter what you and where your next steps lead you, I am proud to have seen you , Incredibly, mature as a trader.

That is what I like to see.
The rest will be taken care by natrue(:-

I am reading your question

Dear Michael and will answer

boris said...

Answer, Placed
Dear Michael
ENjoy all
Subscribers as well

xerxes said...

The UK’s consumer price index comes out later Dear Boris .... This could cause some action especially, I think if it comes out low, i.e., under 1.4% YoY as players may think that there will be QE implications ... But at the moment, sterling doesn't give a hoot :-)

xerxes said...

Some chump from a bank called BHF said on Bloomberg, Dear Boris that he expects a 'small' USD rally this week before another green crush which will commence as 1.51 is breached ...

boris said...

Dear Xerxes,
Thanks for the info
Good Trading Dear Friend

xerxes said...

Bloomberg says, that some union guy said that Goldman should use the 30 billion it intends to hand out in bonuses to, instead, help families facing foreclosure .... HaHaHaHaHaHaHaHa .. Yeah right ...

xerxes said...

EURUSD almost back to where it opened yesterday Dear Boris ...

Lots of USA data today ...

xerxes said...

Eurozone running a trade surplus with EURUSD at 1.50xx Dear Boris; so why are they whining ... Let's see how high EURUSD needs to be to bring the trade surplus down to zero ... Maybe 2.00xx Dear Boris :-)

xerxes said...

Russian Industrial output soaring Dear Boris ... Funny, I haven't noticed any babushkas in the shops :-)

xerxes said...

Last Thursday's WSJ detailed Exxon selling every last one of its gas stations in the U.S. whereas half a world away, "The company started up a $4.5 billion refining and petrochemical complex in Fujian Province on Wednesday and recently opened its first gas station on the mainland. It plans to operate at least 750 gas stations there, even as it is selling all its company-owned stations in the U.S."

xerxes said...

Mauritius Buys 2 Metric Tons Of Gold From IMF At $1,115 An Ounce ...

They already made a USD 15/oz profit Dear Boris ....

boris said...

Dear Xerxes
There is , if you did not hear yet, this thing called

EXPORT PARADOX

what in the world is that? The more expensive your currency gets the more exports the county enjoys.

What, What, Did you lose your mind Boris? You must have my friend, says everybody.

Ok, then everybody listen up!

I bought merceds 280SL/1968 convertible in europe/brussles in 1985 ( worked as consultant to Citibank in europe). I said to myself, it will be an antique in 30 years and it will retain its value, even if it does not.

Even then ( Dollar was the strongest, euro did not exist), PERCIEVED QUALITY of the European Cars was dominating the import considerations( status had a lot to do with that also).

So, think about it, people buy the foriegn itmes because they are prcieved as STATUS and REAL UTILITY/QUALITY values. Once they do, they behave the same way. They pamper thes foreign cars with best care possible, garage and peducure that keeps these cars longer and healthier on the road and percieved( or not) eventual value of these itmes ( mercedes car) becomes real. As the time goes people junk and beatup the cheaper US made cars ( so they are preceived) and the cycle is supported by the stronger foreign currency, because the value seems to be retained as it is not possible ot maek German car worker to work for less, whil that is easy in USA( Translplants). So the

PARADOX of strong exports from strong currency countries, especially into wide open USA markets. You can buy Mecedes cheaper in USA than in EUROPE
HAHAHAHAHAHAHa
hahahahaha
hahaha
ha

So, to remind you the cycle.

People buy percieved quality, they make it more so by takeing better care of those products and boost their own social status and the stronger actual exachange rate makes the items keep and/or increase their value, further supporting the status and so it goes round and round!!!

Ok no
everybody knows the secret of merkel(or mirakle it is(:- ) of german engineering(:-

GOod Tradiang Dear Xerxes

John said...

Boris

Could never afford a Mercedes


Get the hour in

old john

boris said...

So, the anser to your question about the level of EURO where the tade reverses , Dear Xerxes is

No freakin way!

Higher Euro Goes
larger the euro exports to USA, that is until USA becomes totally socialist and starts confiscating the Mercedes and/or the money to buy mercedes/BMW from Sopitalists in USA

THat is your answer Dear Xerxes
Now you know that Made in USA will b trash until Our central bank says , we do not only wnat strong Dollar, we are going to make it strong

THen , when after five years , chinese/german/franch buyers found that USA cars retained value, they will make them Statis/Presitge symbols and the virtues cycle of Dollar and USA exports start.

Until then, everyone knows, Made in USA is garbage and that is not because it is, but because USA goverment does not value USA worker.

WOW, FEW!

I have said it

How many ways can I explain that USA politicians and Central Bankers are misguided.

As many ways as it takes

Good Trading Dear Xerxes

boris said...

Dear John,
I got my hour in.
Thanks.

I cannot afford Mercedes either
but one time I could

Good Trading My Deares Friend.

xerxes said...

Strong is better than weak Dear Boris, most of the time :-)

boris said...

Now You are talking!
Dear Xerxes

xerxes said...

EURUSD actually broke yesterday's low Dear Boris ...

xerxes said...

Rand pays 7% Dear Boris ... trust 'em :-)

boris said...

I think ZAR
is overvalued, but I would not be scared of it Until GOld is in Bull Market and Gold is in Bull Market

....

Reserved For Subscribers

GOod Trading dEAR xERXES

xerxes said...

Industrial production crashed Dear Boris

xerxes said...

Today is another feather in your quiver of calls Dear Boris :-)

boris said...

Dear Xerxes
I am humble server.
Trying my best

Sometimes I get it right, but
bigger picture is a lot closer to what I think it will be.

Nevertheless, I appreciate the inspiration I get from all of you.

If I predicted and nobody knew, it would be like best actor having nobody to come for his presentiation!

I live for the stage and stage lives for me!(:-

My Readers are my stage
Good Trading Dear Xerxes

xerxes said...

Now that you can 'foretell' events Dear Boris you should move on to 'choreography' :-)

boris said...

I am uable yet to produce chart
please see
message

On DotNet "market report"
for emini info

xerxes said...

Not only was industrial production in the tank but much of what there was came from families heating their homes "...Stronger activity at utilities drove last month's gain..." ... Now that's a hopeful sign for the economy, a colder than usual October Dear Boris :-)

boris said...

Sorry,
I had a typo in the high limit of the area in the Market Report Page

it should be
110X
not
100X

GOod Trading Dear Subscribers

boris said...

5 Minute Data APs
On Market Report

boris said...

Dear Xerxes,
I do a bit of a choreography , at least, few days a weak.

Ever since my spotsman days, I loved one certain exercise that always elicted looks of strangers present.

So, every time I go to the beach and do the running sideways, that looks more like Dnace than the running, people start looking.

Now having being born in Georgia( country), Dance was always part of my being, you know(:-

DId yuo ever see Gerogian Dnace that often looks more like a ballet, with man dancing on their toes and swords in their hands fighting each other, which makes you wonder how somebody does not die at the end of it all, but.

I guess there are some artful things one learns by virtue of being born somewhere and dancing on the does and running sidewas, like dancing is part of my

CHOEROGRAPHICAL HERITAGE

Already!

GOod Trading Dear Xerxes

boris said...

I mean few days a week (:- , of course

boris said...

Looks like the market is dancing to our

Choreography of APs Dear Xerxes

Do you see what is EURO approaching?
WHile stocks market is not , YET, collapsing.

Divorse! finally,
COrrelation Broken!

WOW!

Maybe, Maybe

boris said...

Update/Reminder
On DotNet
Market Report

boris said...

EURO hit
YOu know what right?

xerxes said...

A 38.2% fibo for the 12th time ... EURUSD must not break this, for euro bulls :-)

Mike Truong said...

wow a day of nothingness....

boris said...

As you can see Dear Subscribers
we spend entire day within the narrow range of the area we outlined today.


Long live our predictive capabilities(:-

Good Trading all

boris said...

Dear Michael,
Yes,
Exactly.

Good Trading

xerxes said...

Good Morning Dear Boris ... Your inside day call yesterday was incredible and very useful ...

xerxes said...

The buck has put in a mighty rally since Friday's close Dear Boris, powering 8 pips against the euro :-)
In an ABC world perhaps even 8 pips should be viewed as a gift ...

boris said...

Please move to new post.

GOod Trading All