Short term trades in the stock market •$$$$$•

[Sam the Caveman]

I read

Soros Dumps Gold, Inciting Fear of Plummeting Price

Sounds like manipulation. Someone is spreading rumors, so they can make a massive purchase and not run up the price.

Now if they hike the margin for gold, that might make the price come down for a bit, but it will come right back because demand is there, for now.

The dollar is toast, gold will rise in relation to it.

 

[The iD]

damn, DJI & S&P futes tested their highs @ EU open from their lows. gold slid from its new high of 1760$/oz. but now EU markets are rolling over and shitting the bed. crude sub-80$/bbl. im figuring that TPTB have to step in at some point to try to save their empires, right? how long do they let it crumble? Bernank has to announce more QE. hard to imagine this is all real. im half expecting to wake up from this dream any moment. whats crazy is the vast majority of the US population has absolutely no clue whats happening, they are more worried about their air conditioners working and the new Planet of the Apes movie. no joke, Planet of the fuking Apes. im still short this boat, but have calls in place to protect profits. just waiting for a pop to reposition short. shot off almost all of my Aug Puts. fukin amazing. letting the rest of profits run. run profits, run. current target: physical silver.

its about to get real real. peace & stay frosty,

-iD

 

[Technique]

Aus were something like 6% down today on open or close to it.. and finished up 1.6% with a strong rally.

Lets hope the US can hold up a little tonite, but i doubt that will happen we (aussies) seem to follow your lead.. but then everything changes around midday...

Is Bernanke going to announce more QE?? time for me to go long the aud/usd i think.. ride it back up to 1.10

 

[SpasticGramps]

Just about every government is intervening right now to try and stop the panic. Ponzi is on the brink.

Futures Surge Overnight Following Accelerating Central Planning Takeover Of Global Capital Markets

Anyone just waking up and noticing futures trading just barely below the closing print may get the impression that things are fine. They are not. Here is what has happened overnight as the global central planning cartel does everything in its power to prevent the global market rout, which has so far wiped out $7.8 trillion in market value around the world, from morphing into the catalyst that ends the status quo. To wit: ECB resumes buying Italian and Spanish bonds (UniCredit says the bank is losing a “game of chicken” with lawmakers by not holding out for budget cuts and higher taxes, and may eventually need to print money), the G-20 is prepared to take joint measures to stem a global crisis, Brazilian Finance Minister Guido Mantega said. Greece’s securities regulator banned all short-selling on the Athens exchange for two months starting today. Taiwan’s government bought stocks yesterday and this morning through four funds it controls. South Korea’s regulator asked pension funds, brokerages and asset-management companies to step up efforts to stabilize the market. South Korea also bans short selling for three months starting August 10. And lastly, rumors of an emergency Fed announcement are ripe. So... after all this global cartel intervention, is it any wonder that futures staged a near vertical move up overnight?

Yes, it's stunning that most Americans or global citizens don't have a clue of the perfect storm brewing right now. Oblivious to the nightmare in their propaganda induced comas dreaming of Jersey Shore.

 

[johnipedestran]

I just picked up some Apple for 360.....

interesting times to say the least

peace
jip

 

[Dudesome]

wsj and most media is just full of propaganda I'm loving how they're saying that US is a longterm safe investment. Haha quoting "After all AA+ is an awfully awfully safe place to put your money in"

I wonder how many ppl buy this crap xD


free market's just dead can't wait to see the times when it's back and alive again. maybe 10 years from now on.

 

[SpasticGramps]

Nice dead cat bounce today. Let's see how long she holds before the euphoria wears off and Europe's crisis is front and center again.

 

[SpasticGramps]

Macro Commentary: The Endgame Of TBTF Banks And Rising Rates

From Brian Rogers of Fator Securities

Macro Commentary: The endgame of TBTF banks and rising rates

Global markets are stabilizing a bit after authorities worldwide are pulling out all the stops to stem the bloody tide. Greece and South Korea have followed Italy’s recent lead and even banned the short-selling of equities. Brazilian Finance Minister Mantega said the G-20 was prepared to take action to calm the global crisis. The concerns over the debt levels of Italy, a country which is Too-Big-To-Bailout, are quickly spreading to the US as Citigroup and Bank of America both fell over 15% yesterday. Personally, I don’t think it’s necessary to bifurcate these two problems much, both the Italian crisis and the TBTF bank sell offs in the US represent the same thing, potential threats to the banks that make up the $700tr derivative market. The $60tr global economy can take a haircut on billions of dollars in Greek debt, but it simply cannot take a haircut on $700tr in global derivatives sitting on the balance sheet of every major government, hedge fund, financial services company, TBTF bank, insurance company and major corporation that engages in any hedging activity. Greece, Italy, Spain, Portugal and Ireland could all simply restructure their debt and life would go on were it not for the leverage of the banks that hold them. In the US, real estate could be allowed to fall to its market clearing price or be written off by the lender were it not for the leverage of the banks that own it. No matter which way you turn, all roads lead to the TBTF banks, their leverage and the $700tr derivatives market. Until these issues are resolved, we will continue to go through bouts of panic, instability and market routs. The entire global economic system is threatened by the continued status quo regarding our TBTF banks and the global derivatives market. Everything else is just noise. Governments can be upgraded or downgraded, currencies can rise and fall and equity markets can rally or sell-off. But if one of the TBTF banks collapses, the game will change immediately to one of fear and collapse as the size of the potential asset write-downs that will follow is simply overwhelming.

What about QE3?

As many know, I have been banging the drum that the Fed would eventually be forced to launch QE3 because they really have no choice. In my opinion, they have painted themselves into a liquidity trap with a prisoner’s dilemma. More QE3 means more manipulation of the rates curve and thus less clarity as to the true cost of money which causes markets to lose their informational value. It also potentially means more inflation which is absolutely the last thing the Fed wants right now. There is also the issue of political weakness. After the failures of QE1 and QE2, the PhDs at the Fed aren’t exactly looking like the Oracle’s of Delphi that they’d like you to think they are. So I think it’s an open question if the Fed will do anything. My heart tells me they will as Bernanke will resolve himself not to blink as his predecessors did in the 1930s. He will climb in his helicopter with buckets of money and begin pouring them down on an economy that he is sure will revive itself with more liquidity. If he chooses to do QE3, it seems logical to me that he will go big, probably into the trillions. As I’ve argued before, too little QE and the market will be underwhelmed, his only bet is to go really big. Which means the Fed will continue to spread their economically transmitted diseases (ETDs) all over the world with reckless abandon. Remember, the Fed can choose how much money to print, but they cannot control where that money goes. As QE2 showed, much of it went into hard commodities which is why food and energy prices have jumped so much in the last 12 months. Will they be willing to take the same risk on QE3? We should know later today.

It’s all about rates

Regardless of the action the Fed takes today, it’s important to note that thus far the pain has been mainly felt in the equities markets. This isn’t meant to be comforting, especially if you own equities, but so long as rates are staying low, the game will continue. Stock markets can rally and sell-off, and they will, perhaps sometimes too far in one direction or another, but the status quo will live another day because rates remain low. Treasuries aren’t rallying now due a flight-to-quality bid, they are rallying simply due to their size and liquidity. It is the highest rated, largest, most liquid market available so it rallies but it’s certainly not due to quality. As we go forward, it’s becoming more and more important to remember the latter part of the 70s into 1980. We had slow growth then, we have slow growth now. We had high inflation then, we have rising inflation now. Gold/silver was rising then, gold/silver is rising now. The USD as world reserve currency was called into question then, same thing today. But the big difference then was rates. Rates needed to rise, aggressively, to quell the growing inflation. Fed Chairman Paul Volker was up to the challenge and raised rates to 20% to kill the inflation dragon. It worked. He caused a recession that lasted well into 1983 but it worked. Today, Bernanke has no such option. He cannot raise rates, even a modest amount, without further calling into question the weak position of the US balance sheet and potentially causing more sovereign credit downgrades. So even though no one is happy with equity markets falling globally, just be glad it hasn’t hit the US Treasury market yet. Because when rates begin to rise materially in the US, there will be no flight to quality except precious metals. Many of us agree that the USD should not be the world’s reserve currency but make no mistake that when the day eventually comes where this transition is to begin in earnest, rates in the US will likely rise to levels that slow everyone’s growth and pressure the entire global economic framework. -Brian

 

[Zen Master]

so what would need to go into effect for a margin call on gold?

since the downgrade I haven't seen it dip much, not enough that that TPTB would want to snatch it up and btfd.


I wanna get into the physical, I just know as soon as I buy is when that margin call is comin lol.


also, gramps whaddya think about silver in relation to gold? It seems stagnant and artificially low right now. I dont expect it to mirror movements but its lagging and I'm wondering if its industrial demand slowing thats keeping it around 40/oz or just the players buyin the dip.

I'd be long silver but I keep feeling a drop to 35/36 first, then to the moon.

 

[CascadeFarmer]

Not a TROY ounce, which is what gold is measured in

Thx for the clarification. I just read ounce and didn't connect the gold dots...lol.

Silver down and silver stocks up from their oversold after a nice dip. Nice intraday turn so maybe they'll rally a bit now.

 

[Sam the Caveman]

Thx for the clarification. I just read ounce and didn't connect the gold dots...lol.

Silver down and silver stocks up from their oversold after a nice dip. Nice intraday turn so maybe they'll rally a bit now.

that came off bad, I didn't mean to sound like a dick. I just capitalized TROY because thats the way it is on bullion, it could be read as yelling if your not familiar with it.

sorry bout that, I should have written more to clarify my attitude.

 

[Bobby Stainless]

I just picked up some Apple for 360.....

interesting times to say the least

peace
jip

Nice.

Nice rally going on before closing.

 

[Sam the Caveman]

what a reversal that was

 

[SpasticGramps]

That was wild.

 

[CascadeFarmer]

that came off bad, I didn't mean to sound like a dick. I just capitalized TROY because thats the way it is on bullion, it could be read as yelling if your not familiar with it.

sorry bout that, I should have written more to clarify my attitude.

No problem dude. I'm the dork. Shows you how much I deal with metals.

what a reversal that was

Was a nice day to nibble at some silver stocks.

 

[CascadeFarmer]

That was wild.

Lots of stuff very oversold right now so not too surprised with some 'bargain' hunting. I'm looking for a nice trap to develop and possibly behead the bulls.

 

[SpasticGramps]

Lots of stuff very oversold right now so not too surprised with some 'bargain' hunting. I'm looking for a nice trap to develop and possibly behead the bulls.

Not saying there isn't a case for the bulls. Bear markets tend to have huge rallies, but a 630pt swing in the final hour of trading? That was wild. This is definitely a trap IMO. Setting the sheep up to be slaughter. Europe didn't solve it's insolvency yesterday. That situation is still deteriorating and even though all the talking heads say the market tanked on the US downgrade. That's BS. Europe was going up in smoke and the ECB had to step in with the printing presses.

Bernanke ensured the market that they would get more heroin as the real economy continues to deteriorate. I think the bond market broke during his speech too. The 2 year anyway. He's effectively pushing grandma and grandpa and all other fixed income and everyone else looking for any yield into equities. When the rug is finally pulled out, everyone will be wiped out.

Goldman's Take: "Fed Returns To Monetary Easing"

Goldman demanded it, Goldman ordered it, Goldman got it.
Fed Returns to Monetary Easing
BOTTOM LINE: Despite three dissents--the largest number since 1992--the committee adopted an even easier policy stance than expected: first, the committee now anticipates that rates will stay on hold "at least through mid-2013." Second, the committee effectively signaled an easing bias saying that it is prepared to employ additional easing steps as appropriate.


MAIN POINTS:
1. As expected, the statement included a significant downgrade of the economic outlook. The committee views growth as having been "considerably slower" than expected, highlighting "deterioration in overall labor market conditions," "flattened out" household spending and that the supply chain disruptions can "account for only some of the recent weakness in economic activity."The committee furthermore stresses that "downside risks to the economic outlook have increased."


2. The committee adopted an even easier policy stance than

expected. First, the committee now anticipates that economic conditions are likely to warrant exceptionally low levels for the federal funds rate "at least through mid-2013" instead of "for an extended period." Although some form of strengthening of the guidance language was expected and the new guidance remains conditional on the economic outlook, we see this step as a dovish surprise. Three members--Fisher, Kocherlakota and Plosser--dissented from this decision, the largest number of dissents since November 1992.


3. Moreover, the committee effectively signaled an easing bias saying that it discussed "the range of policy tools necessary to promote a stronger economic recovery" and that it "is prepared to employ these tools as appropriate." In our view, this leaves open the possibility of further asset purchases ("QE3") should the economic outlook deteriorate further from here.

 

[SpasticGramps]

I wanna get into the physical, I just know as soon as I buy is when that margin call is comin lol.


also, gramps whaddya think about silver in relation to gold? It seems stagnant and artificially low right now. I dont expect it to mirror movements but its lagging and I'm wondering if its industrial demand slowing thats keeping it around 40/oz or just the players buyin the dip.

I'd be long silver but I keep feeling a drop to 35/36 first, then to the moon.

I'm personally waiting for a pullback. Not sure why it's not keeping pace with gold. That is suspicious to say the least. Gold is the "gold standard" for the fear trade though. Lots of that going around these past few days.

Long term fundamentals couldn't be better though. The central bankers are doing a great job of destroying everything at the moment.

 

[iSMOKE.KUSH]

depression you say?...better buy stocks

 

[SpasticGramps]

Just to iterate. The situation in Europe was the catalyst for this current selloff. Not the stupid USA rating as the propaganda machine keeps saying. Markets know the US isn't AAA or even AA+. They don't listen to the rubber stamp brigade. That's only important to the sheeple.

Given that.....

Merkel faces revolt over eurozone deal Financial Times

Battle lines are being rapidly drawn up in the German Bundestag for what promises to be a bruising debate over the crisis measures to stabilize debt markets in the eurozone.

Angela Merkel, the chancellor, and her finance minister Wolfgang Schäuble face a revolt among their own supporters in both the Christian Democratic Union and the Free Democratic Party, junior partner in the ruling coalition in Berlin, over the deal they agreed last month with their 16 eurozone partners in Brussels.