The Greek fairy tale is false. The bears have dug themselves into a hole that will be cemented shut very soon.
As for my refiners, you bears dressed in burlap are short during an epic period of profit margin. In other words, you’ve been chequemated.
[youtube:http://www.youtube.com/watch?v=p6fcxH3mync 616 500]NOTE: We are developing new PPT tools that will allow user to identify OVERSOLD and OVERBOUGHT ranges via a certain time frame. Check out the precise OS over the last 6 months, anything under 2.6.
SHOMP
fly are you going to see mobb deep in nyc coming up?
Are you crazy?
No.
hahahahha i would like to see The Fly at a Mobb Deep concert. that would be a sight indeed.
Those concerts are famous for violence. No thanks
How about just a PPT Summit?
Not first!
I guess the German newspaper that reported it incorrectly must be the German equivalent of the National Enquirer or something.
or a Polish subsidiary
Same hurdle the bears had last summer. Either Kill $EEM , or prepare for the Bric nations to springboard in your face. Can’t see a major catalyst for All those countries to start free falling, right now.
I would be cautious in July, however.
Few things are as terrifying as Chinese deflation.
http://www.youtube.com/watch?v=9V1Sl-jr70s
Now that is some Chinese deflation. Very clever.
crackmate
lol and here here!
Other than through manipulation, how can the prices of gold and silver go down in the face of this?
“(Reuters) – The Treasury has told lawmakers a roughly $2 trillion rise in the legal limit on federal debt would be needed to ensure the government can keep borrowing through the 2012 presidential election, sources with knowledge of the discussions said.”
If that’s the legal limit, how much more is the illegal limit going up? Who is even counting anymore? Obviously, nobody.
They are planning to stop keeping track of M3 money supply. The gold dinar and silver dirham cropping up, Gadaffi being spanked for trying to go onto a gold standard, silver liberation army marching fourth, Chinese Joe and Russian Bubba-Jean rushing to PM, Mexico scooping up 100 tons in the blink of an eye, paper gold/silver market vs. physical, dramatic hikes in silver margin requirements to shift completely rational and lucid moves away from fiat…
AGQ baby yeah.
Picked up some 2011 silver Eagles post-WNR. Thank you IBC!!! Let it be known I’m considering going “aggressive”, Navy Seal style into some OTM AGQ calls. Sleeping the weekend on it….
Chart looks great, particularly on the oversold side…BWAHAHAHAHAHAHAHAHA
Long and steeerong !!!
Senior FLY
what do you think of MOTR at these prices?
call me crazy but bought a boatload today.
spike in vol at end of day seems others think its good too
Looks like that PPT chart is better at calling bottoms than tops..
The PPT is chawesome, but it is not for boob men.
Breaking news. The fly is a hindu! Check the reflection on the Malbec picture.
Lol. I’m no Hindu you putz
Actually, like I posted at the start of Trade today, why does anyone want to own the Euro when the Clam lost some of his evil power with the good NFP. The German story is just one of many the sellers could have used to sell it. Bottomline, Europe is in one serious mess that is only going to get uglier.
NFP?
Oh, Non Farm Payroll, I remember now.
I’m sorry Frog, I am trying to write out the full terms but sometimes one slips thru.
Nymph…..the words you speak of on a daily basis come from other entities…… very forex based and obvious of who the regurgitated references come from.
The terms are common slang…but many people are still learning them.
CRACK 29.18….WNR rising…have a nice weekend!!!
Is There A Way to Subscribe To This Blog So As Soon As There Is A New Post I Will Get An Email And Can Check Out The Post? Thanks!
FatStacks…. subscribe to the service if you want the “immediate” post you are searching for….
A mere rumor and the Euro cracks like a dropped pie plate. As for your spreads, I find the 5yr chart a lot more interesting than the 1yr. Is that a double top?
If the Euro-union would drop their weak sisters, the Euro would be powerful.
But the way the EU is set up, dropping them (the weak sista’s) is basically impossible. They are damned if they do and damned if they don’t .
If you drop the weak sisters every down cycle, you eventually end up with Germany.
SHOMP indeud
Allowing date range to be specified with OB/OS ranges is brilliant, Dr. Fly! I’ve been hoping for that very feature since I first joined The PPT, some two years ago.
It will allow me to stop doing this
manually.
What I would like to know if what exactly Greece is going to put up as collateral……….
And of course that begs the question, what is the US going to put up as collateral when China calls it in? Hmmmm?
soylent green
China owns treasury bonds. When the bonds mature, China can buy more or accept a deposit in a bank of dollars. So what is this gibberish about collateral and “calls it in”?
For next week, keep an eye on china. The Monthly Trade Balance data comes out and it normally leaked before it is officially released. We also get Trade Data from around the world….fwiw.
This week I’ll be watching for some good old fashioned bear face ripping.
Stick and stones can break my bones, but words can never hurt me!
Right back at ya!
{sticks tongue out at Le Fly; loud, wet farting sound}
BANNED
Oil be bark!
{terminator muzak wafts thru forum}
Yeah well, some guys never get the word. I just learned a full cargo on one of the LNG supertankers is energy equivalent to 60 Hiroshima bombs. Scheiis, das ist hufuckingmongous.
yea, throw a flare on that and see where earl goes at the open.lol
http://www.reuters.com/article/2011/05/07/us-flooding-idUSTRE74462I20110507
I didn’t realize you guys were tourguides there.
“Tour guide Jake Fly said people north and south of the city are “really feeling it.”
“We’re all hoping this river is going to crest soon, man,” said Fly. “Man, it’s something to see.” “