(Due to a very late night at the office, the only correspondance tonight will be Haiku)
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Dollar bends to lows
Chuck and Fly Hoist Silver Cans
Toasting the Bernank
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Bernank spreads the gelt
Like bread upon the water
No Cat calls, Kettle.
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True Gelt responds not
To Aegypt’s mad ovation
For hunger and pain.
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We’ll wait this week out
To see which way the wind blows
Toward, or away.
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No changes, today, save an addition to my QID horde and a sale of one quarter of my remaining ANV, on strength. I may consider more DXD tomorrow, depending on what the dollar does. I may say “no mas,” too.
Best to you all.
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Thank you, host “The Fly.”
iBankCoin like fresh sushi.
Jake’s posts, wasabi.
Very nice.
Nice. If silver hits $30.50, then I’m getting more, timing be damned. Otherwise I’ll wait for a pullback in the next few days.
Yes, it’s quite curious. Dollar continues to get ass-fondled like a runway model in a TSA pat down, but yet gold and silver are curiously muted.
They should be exploding here at these dollar prices.
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My take on what is going on – Middle East unrest, wonder where their gold is going? All the ME oil nations have been exchanging their oil for gold while the western exchanges run out of physical. When the exchange gets low on physical for delivery they need to discourage the asset as an investment or acquire more metal for delivery. Iran was going to head OPEC, perhaps it would be better if they were not so unified on how high they would price oil.
Governments have been most focused on oil and gold – but they are learning food is also important.
Okay, what’s with all the cat and kettle references. I remember someone dropping a mutilated expression that had that the other day.
Did I miss the joke, somewhere?
No, that was about it.
I found it amusing, and so re-cycled it.
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Nice UPS win.
Grazie. Big plus for the Transports too, if it holds.
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You should tell the story one day, UPS.
The family story?
Or the long term value story?
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Both please & thanks.
No one cares about value. The family story is one of legend.
Maybe TMI.
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FYI — From my post the other day “Not So Fast” — we are presently sitting on that long term up-trend line for the dollar as shown (second arrow) in the third chart on that post.
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Just bought another 10,000 AG, plus another 5000 SVM, at egregious prices (but a good deal lower than where I sold them a month ago).
Nonetheless, I’m still hoping you’re right that this is a headfake, because I have 10,000 AGQ left to pick up. I also have to cover my admittedly modest TWM short, which was profitable until today.
I don’t think the market has ever been this stretched above the 200dma. Like, ever. Something strange is afoot.
Yeah, it’s quite insane.
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I want to see what silver does at 29.5.
“I don’t think the market has ever been this stretched above the 200dma. Like, ever. Something strange is afoot.”
QE has shifted the charts, but not the way charting is done imo. Most TA’s have not accounted for its significant effect. After some though about it, I’m buying silver sooner than later.
Dollar gotta bounce here, no?
http://stockcharts.com/h-sc/ui?s=$USD&p=W&b=5&g=0&id=p42109132494&listNum=6&a=173679279
http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=1&mn=6&dy=0&id=p13256412090&listNum=6&a=136807720
Would a dollar breakdown be view positively by the stock market? Or would it cause commodities to spike higher, the bond market to selloff, and for a bout of multiple contraction?
a great friend told me once,,,,never under estimate how high or low a stock can go…
how true..
http://www.youtube.com/watch?v=GvFv_WWdebM&feature=related
lol, that’s gold.
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http://www.youtube.com/watch?v=f8cNtH1mULo&feature=related
May USE that one…
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