Tuesday, December 01, 2009

Some More Grind




107 comments:

xerxes said...

Good Morning Dear Boris ...

RBA handing out gifts this morning, raising rates, encouraging carry traders to pile in for more good times ... Pass the Krug please :-)

xerxes said...

And the BOJ provided today 115 billion USD for the boys to sell for those aussies .... Life is good Dear Boris :-)

boris said...

Dear Xerxes,
Nobody has anything against Good life(:-

Let the good times roll!
While they can(:-

Good Tradiang Dear Xerxes

xerxes said...

Parity for USDCHF once again Dear Boris .... AP's melting like a hot knife thru butter .... The relic just pennies away from 1200 ... AUDJPY on a rampage ... USDX well under the key 75 ....

Swiss GDP and PMI rising ... PMI's throughout eurozone surging .... UK house prices up again .... German unemployment on the decline, German retail sales increasing ... And the buck in the tank getting stomped .... May the lord have mercy on the buck :-)

xerxes said...

So the setting sunners print a few yen; pikers! They should hire Ben to manage their affairs Dear Boris :-)

xerxes said...

Futures surging Dear Boris; they must be puttin' those yen to work already Dear Boris :-)

xerxes said...

Steven's says the RBA will continue to jack 'em up ... House prices up 10% this year ... They haven't had negative GDP for 18 years ... It's hard not to buy the dips Dear Boris :-)

xerxes said...

Next big announcements coming from USA when home sales and Man ISM released .... Whatever the numbers, they'll be a further opportunity to sell the buckeroo Dear Boris :-)

xerxes said...

DAX, CAC, FTSE up near 2% SPX futures up over 10 points, Relic up 15 bucks, poor man's relic up 15 cents .... There are too many winners to list Dear Boris but the loser list is quite short :-)

xerxes said...

Miller Tabak says that the Fed is fooked Dear Boris; that no way are they in control and they'll never get it right; that they should be in a panic that gold is soaring and the buck is sinking ....

xerxes said...

Helluva day already Dear Boris ... Even Tabak said, "Oh sure, the USD is a bit oversold and gold is a bit overbought so we'll get some pullback". So I say Dear Boris, if everyone is expecting a change it may never happen... Oh wait, EURUSD pulled back 4 pips and the relic is off 5 bucks, so maybe that was it :-)

Wanderer said...

Dear Boris,
Good morning.
I hope that all is well with you.
Thanks and good trading.

Bert

xerxes said...

"We are in a very critical situation," said Chancellor Angela Merkel in her weekly radio address. "We are going to discuss with leaders of the financial institutions what can be done to head off a credit crunch."

The move comes days after the Bundesbank revealed that German banks face a further €90bn (£82bn) of likely write-downs over the next year.

http://www.telegraph.co.uk/finance/economics/6695364/Angela-Merkel-alarmed-by-worsening-credit-crisis.html

Who cares Dear Boris ... GimmeEuros :-)

xerxes said...

Sara quotes UBS as saying that AUDUSD is prrrricey Dear Boris ... The corollary of this is that the USD must be cheap ... But I think Ben has been working 24/7 on solving that problem, don't cha think? :-)

Mike Truong said...

dear xerxes,

I have been told that when you fight the fed, you get the bloody nose more often than not since they have the unlimited printing press. The dollar continued to cheapen because there is no force on the fed or obama to raise the dollar against anything. majority of americans i am afraid are too stupid to know the differences between nominal dollar vs real dollar, especially since many "stuff" americans buy can now be substituted with cheaper to produce stuff. Oil seems to be the only thing not rising fast enough to make americans noticed the lost purchasing power. In a sense Euroland as well as most of the world must feel fairly lucky that they are able to buy cheaper oil due to this phenomenon. alas someday this fed will tighten but I think that day is a long way off.

Good trading dear friend,

Mike

xerxes said...

Well, Dear Mike, I must agree with everything you said ... Interestingly, yesterday, Bloomberg had a piece where they argued that the Fed rate was too low and that their policy actions to stimulate the economy would be better served by a 2% FFR ... So don't fight the Fed, even if their actions have pernicious, untoward sequelae ... Buy Euros :-)

xerxes said...

Meanwhile, Dear Boris, futures are heading north again ...

boris said...

Dear Bert,
I was walking.
Welcome Dearest friend and
Enjoy your day

boris said...

Dear Mike, same there

Good Morning Very Dear Friend
Enjoy your day

I appreciate everyboeis comments
which keeps the issues and thinkers(us) alive/alert.

Good Trading Dear Miacael

xerxes said...

Dear Boris ... Do you think we'll need to know the "siglo" AP's today :-)

boris said...

Dear Xerxes,
excellent job of entertaining US
(:-
Good Trading Dear Friend
I even think you are informing.
So, I go back to
Thanks for infotainment!

xerxes said...

I'm not sure the info I post is of any value and I'm not sure I provide any comic relief either but I'll keep trying :-)

xerxes said...

Strong November depletes car inventories per globes.co.il

Slow down Dear Boris slow down :-)

xerxes said...

Believe this Dear Boris? Bloomberg says that the Goldmen, claiming that they have been depicted as being excessively greedy, and now fearful of widespread public anger, have petitioned NYC officials for CC licenses .... So Dear Doris can you see it now, gun-tottin' pinstripped Bankers in bespoked suits and handmaid Egyptian cotton shirts from Saville Row and shuffling about in their Italian custom wingtipped leathers, all hunkered down in 'Fortress Wall Street' keeping the hordes at bay and their bonus pile safe :-) .... So these guys will have machine pistols slung over the shoulder as they fleece the world .... Give'm Uzi's :-)

boris said...

Message on Dot Net
I will try to produce chart
But Info is given there

xerxes said...

Is there an e-mini today Dear Boris

boris said...

graph on DotNet
Emini214

xerxes said...

please clarify the vb dear boris

xerxes said...

please clarify vb dear boris

boris said...

If market breaks this daily 3
then we go to 4th

boris said...

Clarification is on Market Report

boris said...

update DotNet

xerxes said...

USD on the brink here it seems Dear Boris

boris said...

We need to watch the OIL today.
Please see the update on the DotNet

Good Trading

boris said...

OIL is now 78.50 moving lower

xerxes said...

Are we witnessing the USD's 'Last Stand' a la General Custer's at the 'Battle of Little Big Horn' Dear Boris?

xerxes said...

(AP:BRUSSELS) The 16 nations that use the euro are Tuesday expected to agree deadlines for most of them to reduce budget deficits that are well above the EU budget rules that underpin their currency.

It is the first major step most of the eurozone countries will make toward paying off the massive debt built up by spending billions of euros (dollars) rescuing banks and paying welfare to the growing number of the unemployed during the economic downturn.

Meanwhile Heliben and his band of money printing counterfeiters told AP reporters that he won't be satisfied until every one of the 6.5 billion inhabitants of planet earth have at least 10,000 Benjamins in their wallets .... "We're well along in our project Heliben said; Office Depot just restocked us with more green ink so things will pick up steam from here".

xerxes said...

"When the Levee Breaks" Dear Boris seems to be the right tune here Dear Boris :-)

boris said...

OIl, has recovered and moved to 98.97

xerxes said...

SPX heading towards the millennial AP Dear Boris ... DOW at 10,500

boris said...

Emini and OIl, close to 5th

xerxes said...

What r u saying Dear Boris .... the 5th hourly is a triple digit number for crude :-)

xerxes said...

It's funny, Dear Boris, that the Fed, BoE, BOJ, PBoC and everybody else is printing like mad while Mugabe abandoned the presses, and overnight, Zimbabwe began to heal ...

boris said...

Well,
That just proves that Central bankers are a FARCE

Just the way to steal from those that make honestly to those who do not

Why else do you think FED was made

"INDEPENDENT" of Congress?
Good Trading Dear Xerxes

boris said...

Central Function of
Central Bankers is
one

Take away money from rightful holders and give it to CONNECTED ones.

Or else, here is the best method of FIAT MONEY MANAGEMENT ( if we must have Dollars instead of Silver or Gold)

Give the Newly printed money to every person in USA, on equal bases.
Even dummy can do that.

DO not need a central BANK
Good Trading Dear Xerxes

xerxes said...

Seems like the equity dog won't run Dear Boris but a 100 minutes are left to play here .... So it seems that the USD may have escaped its Dien Bien Phu moment :-)

John said...

xerxes

Never made it to Dien Bien Phu-- spent some time at the DMZ and Hue during Tet in 68.

old john

John said...

xerxes

Never made it to Dien Bien Phu-- spent some time at the DMZ and Hue during Tet in 68.

old john

xerxes said...

I'm happy about that Dear John ... There may have been some unexploded ordinance lying about :-)

So what do you think about all those Goldman boys packin' these days ... Any advice you can give 'em :-)

xerxes said...

Is it possible to post with an avatar Dear Boris

John said...

xerxes

My guess is that enough of them start carrying guns-- 1. one of them will shoot themselves 2. another will get drunk and start waving it around - maybe get shot by the police.

old john

xerxes said...

Good Morning Dear Boris .... I just glanced at the SPX 30 minute chart and it looks like a flag on a pole that would target 1190-1200 ... Gold smashed 1200 ... Silver passed 19 and the buck, well, we'll be singin' the limbo rock, "How low can she go." :-)

xerxes said...

Buck rejected at first set Dear Boris ... A Bloomberg guest said the 1.60 train has left the station ... Another guest said that until liquidity is removed there will be no respite in the run to the north pole ...

xerxes said...

Bloomberg reports UBS as saying that the S&P 500 has another 13% to run in 2010

xerxes said...

Mark Mobius says to buy gold Dear Boris

Mike Truong said...

Dear Boris,

Regarding yourlatest update on dot net, is the currency you mention getting stronger or weaker? Please delete this message if you think there are too much info here.

Thanks dear Boris,

Michael

xerxes said...

Dear Mike ... If I may take the liberty to answer your question, yes, the currency mentioned is to get stronger ... Dear Boris wrote the pairs reversed to how we usually write them ....

Does anybody in the Golden State recognize what's happening to the buckeroo? Does anybody really care? About the buck? (An old 'Chicago' tune Dear Mike) :-)

xerxes said...

According to today's Washington Post, Chelsea Clinton has announced her engagement. Her fiance is an "investment banker at Goldman Sachs" and her future
father-in-law is "former Iowa representative Ed Mezvinsky, who was convicted of bank and wire fraud and was released from federal prison in April 2008."

So, Dear Boris, if you want your beautiful daughters to marry the right men, tell them to start working on their "rap sheets" :-)

xerxes said...

Barclays precious metals analyst said that there has been a rapid unwind in paper shorts and a surge in longs Dear Boris .... Seems like everything is lining up as we got VLCC's floating about, everybody is long gold and short USD's, Goldman/UBS telling us shares are cheap .... Where's the pin Dear Boris :-)

boris said...

Yes, Dear Michael,
The currency is getting stronger
GOod Trading Dear Michael and Thanks Dear Xerxes
as well

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

John said...

Boris

Good morning
old john

boris said...

emini215
on dotnet

boris said...

Dear Bert,
Very Good Morning to you
Very Dear Friend

boris said...

Dear John,
Very Good MOrning to you very Dear Friend John

xerxes said...

ADP (-)169k with expected (-)150k
Equities don't give a hoot as SPX needs to reach parity with the relic :-)

xerxes said...

IMF sold their gold to India last week for 1115 Dear Boris .... suckas :-)

xerxes said...

It appears that we have reached the critical point Dear Boris

boris said...

UPdate on Dot Net

xerxes said...

Goldman is bullish on bonds for 2010 Dear Boris according to Bloomberg ... They say that all those current account surpluses from around the world will need a home .... So when do we sell Dear Boris :-)

boris said...

Well,
Deare Xerxes,
We know when we bought right?
It was a day the GREAT bond king Bill Sopitalist Gross announced that US bonds will be someday downgraded!

That was also the BOTTOM in Bonds
OI WAY , how could we manage that?

That was a day we bought.
GOLDMEN was not talkning that time.
Especially was not advising to buy
Interesting ha?

Now, when do we sell?
Good question, stay tuned(:-

Good Trading Dear Xerxes

xerxes said...

Good Morning Dear Boris .... So I wake up to see futures and EURUSD moving up in a straight line ... Dollar sellers, apparently never sleep or they have joined into teams so as to work 'round the clock :-)

xerxes said...

Japanese Capital Spending crashing, so it has been reported this morning, quarter over quarter Dear Boris ... EURJPY continuing its surge north from yesterday

xerxes said...

Dear Boris ... Please explain to me what will happen next :-) Senor Obama has recently anointed a former Goldman bigwig named Gary Gensler to head the CFTC. So, let's see, the Goldmen run the Fed, the Treasury, the PPT, the world of crude and now the commodity/PM world ... When will they be co-signers on my checking account :-)

boris said...

Dear Xerxes,
Goldmen and people of their ilk,
Are what brought USA to the brink.
By definition , when Goldmen get more of the wealth, we get less of it. That is just a law of Constant money (this law thank Gold, is still valid every time between the new money FED prints(:- ). Law the same every instance, it is just there is more of the FIAT dollar at each instance.

So, not digress, what GOLEMEN taketh is what USA citizens Giveth!

That is another AXIOM.

So, Goldmen is only doing God's work if God Proclaimed the new rules.

THough Shalt Rape the Citizens
Financially speaking of course
(:-

Good Trading Dear Xerxes

boris said...

Dear Xerxes
Speaking of the Goldmen. Dear John, sends us the following article.

Goldman Doing God's Work?

Thanks Very Dear Friend JOhn

xerxes said...

On October 19th the S&P closed at 1097.xx ... Now we are 20 points higher Dear Boris ... Gold then was 1065, Crude 80 ... Goldman 185 ....

Since the 19th of October, the relic has outperformed the Goldmen Dear Boris ... Gensler will take care of that little problem :-)

boris said...

well, Readers,
PUblic can all see
Our graph and couple posts down showing the forecast that gold is destined to go higher.

Just look down 3-4 posts and you well see Dear Reader.

I was saying. " Buy Gold Aginst everything"

Yes.

No ifs and buts.

Well,

History keeps everything, this was published here

Good Trading Dear Readers
No Dear Gensler can take care of whever he wants. Including the 85/Barrel Oil, which never, OF COURSE, happened( by the end of this year)
G

xerxes said...

The year isn't over yet Dear Boris and a 10% bolt in crude is a simple task for the Goldmen, so 85 is still in play .... EURUSD & EURJPY well bid, futures marching north ... And just like the "Cars" sang, Dear Boris: "Let the good times Roll" :-)

xerxes said...

EURUSD up .4%
Gold down .2%
Silver down 1.00%

Are they selling gold and buying euros Dear Boris? How did Trickey pull this trick off? :-)

xerxes said...

Bloomberg says that Goldman's chief economist is the most accurate of 'em all in predicting future economic events/data .... I'm shocked Dear Boris, absolutely shocked .... 85 here we come :-)

boris said...

why did not this
GOLDMEN ECONOMIST predict
Market bottom in 2007?

Did you ask Dear Xerxes?

Well you should ask Bloomberg, because, Bloomberg, maynot(:- be always right!
Good Trading Dear Xerxes

xerxes said...

If you saw the piece Dear Boris you would have heard Dierdra run off a short list of correct predictions ... There must have been others but what I'm wondering Dear Boris, is if the 'wrong' predictions were done on purpose :-)

xerxes said...

Bloomberg now is discussing which Golman alumnus would be the best fit to replace Ken Lewis at BoA ... I wonder how one grooms their progeny to get hired by the Goldmen Dear Boris :-)

boris said...

I could have gotten job with them.
It was not my desire. Got payed more somewhere else, all tht time.

(:-

Good Trading Dear Xerxes.
There is absolutely nothing special About GOLDMEN, except their top is well connected with GOVE and gets payed while you and I get DEBT to service( it is also called budget deficit) .

Some of the dummest people get very rich every year in every country Dear Xerxes.

USSR functioned the same way.
Every country functions the same way

That is why our site is called
ANTI
SOPITALIST

Remember?

Good Trading Dear Xerxes

xerxes said...

I think Bloomberg said that if Trichet talks rate increase then EURUSD will be looking at 1.54xx in a heartbeat Dear Boris ...

xerxes said...

I wouldn't mind being as dumb as the Goldmen Dear Boris, even the dumbest that ever was :-)

boris said...

Yes, Dear Xerxes,
Bloomberg talks
and
Trichet BS's
ABout rasing the rates and
Meanwhile, Central bankers of the world ( you may know what these are(:- )

are saving German/European A's from Dubai exposure.

How great is that

GOD have Mercy!

Good Trading Dear Xerxes

boris said...

Dear Xerxes,
YOu cannot declare your SOPITALISTC
aspirations( being dumb but collect money) and stay on this board(:-

I ask you to reconsider those aspirations(:-

Good Trading Dear Xerxes

boris said...

Emini216 at DotNet

xerxes said...

Okay Dear Boris, I repent, promise :-)

boris said...

Market has come under , needs to hold under if continuation was to come

xerxes said...

Bloomberg says that the Fed was 'testing' some reverse repo transactions today ... Last effort was considered a failure ... So let's see, last time Ben went over to Wall Street with a briefcase full of CDS drek and asked for his money back; they responded b--w me and he went home empty handed ... So I wonder what today's strategy will be? :-)

boris said...

Ben is trapped,
But you would not know it
Because he and Dear Obama
send the bills straignt to rest of US(:-

Good Trading Dear Xerxes

boris said...

unless new lows are made, we could have made it already

xerxes said...

Ben said just now in response to a querie about the Fed creating worldwide bubbles consequent to his USD trashing policy, that he doesn't give a hoot what transpires abroad, that his policies are for the USA; if foreigners are unhappy, he says, they have tools to mitigate the effects they feel are deleterious to their economies ... So, in short, he said "World, Go fook yourself" :-)

boris said...

This has nothing to do with the world.

Inflation, Dollar purchasing power is going down and it cannot be masked by no amount of CPI BS

Dear Xerxes
Tell him that.

This has nothing to do with the world and Ben should not play patriot(:-. While screwing you , me and US by giving money to the same FOREIGN BANKS( bailing them out in essense) and presenting the BILLS TO US

Good Trading Dear Xerxes
I count on you communicating this to Dear Ben

boris said...

O, I am glad you asked
HOw are Dear BEN and Dear Obama
Presenting the Bills to US?

Everybody knows answer to that do not we?

Hes sends dollars out. OIL costs more( double since March) and we pay that at the pump in over 100s of Billions of Dollars that go to OIL producers.

That is how. Ok keep this answer when you are asked OK.

And Yes, do yo really want to know more?

Once Americans were called UGLY. WHy?

Because they had so much purchase power in EURO trips that they looked abnoxious in their spending.

Now, Americans are called UGLY for real reasons, sometimes(:-, but not for the same reason anymore.

CAPISH, whata happened.
US became second class citizens of the world. COURTESY of

BUSH,CLINTON,OBAMA, BEN and GREENSHADE RULING over US!

CAPISH?

I HOPE you Capish

Good Trading Dear Reader


Good Trading Dear Xerxes

boris said...

Yes,
Dear BEN

ALll of the above has
Z E R O

to do with foreigners. It has all to do with your policy. OK!
So no more BS.

US may have been asleep for a while, but we woke up.
No more asleep at the wheel!

Good Trading Dear Readers

John said...

Boris

Did you see who Chelsea Clinton in engaged to? Some person who works at GS- his father was a congressman who spent time in the prison system for fraud.

and the beat goes on

old john

boris said...

Yes, I did
Dear John,
What Can I say

What I have not said already.
This is a SICK world my
very Dear Friend. I am glad to have friends like you instead of friends like them

Good Trading Dear Friend John

xerxes said...

“We expect 2010 to mark the transition from a ‘hope’ driven to a ‘growth’ driven market phase,” Peter Oppenheimer, an equity strategist at Goldman Sachs Group Inc. in London, wrote in a research note. “Earnings will take over the baton,” he wrote. Oppenheimer predicts a 22 percent gain in European stocks by the end of next year.

May the Lord have mercy on the buck ... amen

xerxes said...

Dear Boris .... Perhaps you should switch your focus/analysis to the up and coming new type exchanges :-)

In Somalia's main pirate lair of Haradheere, the sea gangs have set up a cooperative to fund their hijackings offshore...The shares are open to all and everybody can take part, whether personally at sea or on land by providing cash, weapons or useful materials ... we've made piracy a community activity

Piracy investor Sahra Ibrahim, a 22-year-old divorcee, was lined up with others waiting for her cut of a ransom pay-out after one of the gangs freed a Spanish tuna fishing vessel. "I am waiting for my share after I contributed a rocket-propelled grenade for the operation," she said, adding that she got the weapon from her ex-husband in alimony. "I am really happy and lucky. I have made $75,000 in only 38 days since I joined the 'company'."

xerxes said...

From Goldman:

The key features of our 2011 outlook: (1) a strengthening in growth from 2.1% on average in 2010 to 2.4% in 2011, with real GDP rising at an above-potential 3½% pace in late 2011; (2) a peaking in unemployment in mid-2011 at about 10¾%; (3) extremely low inflation – close to zero on a core basis during 2011; and (4) a continuation of the Fed’s (near) zero interest rate policy (ZIRP) throughout 2011. ....

Dear Boris .... If they'll be zirping till 2012, what will an oz of the relic go for :-)

boris said...

Please See,
What we told
OUr subscribers Before Market Open
Today

Good Trading

xerxes said...

It stretches far and deep Dear Boris (Good Morning BTW) ... This paper from the esteemed university of UCLA is entitled:

What's Good For Goldman Sachs is Good For America

http://escholarship.org/uc/item/0sg0782h

xerxes said...

We want AP's, We want AP's :-)