sell! sell! sell!

[tiznow]

deflation to a "gold bug" is a dirty word typically

tizgloom really doesn't buy into the whole inflation/deflation shit on gold

gold went up cause our financial system was growing systemic risks

and will continue to go up because those risks are still held on the books of many a financial institution

when we finally come clean and all the gloom and doom comes out, bank fails are peaking

is likely when gold peaks as at that point the system has flushed itself out and we reached a bottom and its time to buy, buy, buy cheap assets and sell your inert metal

 

[Anonymous1]

btw, seeing a trend of sell wm each and every friday, then buying back come mon/tues...

 

[tiznow]

think FNM numbers hurt WM on friday

FNM was down quite a bit too now 9

since WM has so many shitty mortgages on the books

WM becoming the obvious #1 contender for big name non investment bank bust

regardless if it busts or not still think you see sub 3 before you see 10

 

[Anonymous1]

Here is a portion of a stor from Bloomberg, I think this also had alot to do with the peso demand of late...

TIPS Show Inflation Expectations at Lowest Level in Five Years

By Dakin Campbell
Aug. 9 (Bloomberg) -- Treasury Inflation Protected Securities show that traders' expectations for inflation over the next decade fell to the lowest in almost five years this week as prices of commodities tumbled.
The gap between yields on TIPS and conventional 10-year notes narrowed after the Federal Reserve signaled that it will keep borrowing costs steady after leaving interest rates unchanged at its Aug. 5 policy meeting. A basket of 19 commodities including oil fell to a four-month low.
``The bottom line is you've seen a significant turn in commodity prices,'' said Thomas Tucci, head of U.S. government bond trading at RBC Capital Markets in New York, the investment- banking arm of Canada's biggest lender. ``Going forward you're more likely to see inflation erode.''
Ten-year TIPS yielded 2.18 percentage points less than similar-maturity notes, the smallest difference since October 2003. The yield gap indicates the annual rate of inflation foreseen over the life of the security.

 

[Anonymous1]

Weekly thoughts on Gold...



Gold May Extend Drop as Dollar Gains Against Euro, Survey Says
By Pham-Duy Nguyen
Aug. 11 (Bloomberg) -- Gold may fall for a fifth straight week as the dollar strengthens against the euro, eroding the appeal of the precious metal as an alternative investment.
Twelve of 23 traders, investors and analysts surveyed from Mumbai to Chicago on Aug. 8 and Aug. 9 advised selling gold, which fell 5.7 percent to $864.80 an ounce last week in New York. Ten said to buy, and one was neutral.
Gold, priced in dollars, generally moves in the opposite direction of the U.S. currency. The metal's decline last week was the most since March and the euro's drop against the dollar was the most since May 2007. Gold reached a record $1,033.90 in March as the dollar headed to an all-time low against the euro.
Gold's decline last week surprised a majority of analysts surveyed July 31 and Aug. 1. The survey has forecast prices accurately in 134 of 223 weeks, or 60 percent of the time.
This week's survey results: Bullish: 10 Bearish: 12 Neutral: 1
To contact the reporter on this story: Pham-Duy Nguyen in Seattle at pnguyen@bloomberg.net.

 

[tiznow]

gold shot up 4 bucks outta the gate

back to 860

expect gold to decouple from the rest of the commodities (holds up while others tank)

as the fear of financial turmoil/bank fails still lingers

all the inflationists heavy into gold are freaking out near term..but us deflationists know what's up....or so we think....LOL

 

[xpanda]

Gold down on dollar rise, same with oil and the rest. Dollar rise due to $52B sold to central banks by the Fed. Fake dollar demand equals fake commodity slide. (imho)

Btw, for about four weeks or so, you can count on gold going up on Asian open then getting clobbered when NY gets up the next day. Quite a few of the Kitco traders making money arbing the two markets overnight.

 

[tiznow]

dollar now over 76 going up more

and gold bouncing at 850

anyway time will tell

the short term noise is to distract and misinform you watch the long term trend

 

[xpanda]

You still on SKF, tiz? I got in at $127 and again at $115, equal number of shares each time.

 

[joelatti]

Off topic for TIZ

Tiz,

What exchange do you consider for China: The Hang Seng, Taiwan, Or Shanghai???

Or is it a mixture

 

[joelatti]

Well markets just seem to turn from red to GREEN everyday

Up again today....Nasdaq is on a nice little run ever since I bought QID??

 

[Anonymous1]

pretty much a snoozer today...

 

[Anonymous1]

skf may be a trade down here in the 110's....

 

[Anonymous1]

wow, gold just broke 850 to 843 and change...as oil falls below 114...

make that 112.90...

 

[Anonymous1]

10 yr. now over 4% as they exit treasuries for equities...

 

[tiznow]

wow things getting more interesting now

gold is getting mauled beyond recognition hmmm......

maybe markets turn once oil gets to 110? think that should be some support finally??

and maybe this just a fakeout runup to scare all shorts....before the big smackdown as commodities telling the story

 

[Anonymous1]

Article from Marketwatch, maybe a gauge of timing...

WASHINGTON (MarketWatch) - The U.S. economy was squeezed further by the credit crunch in the past three months, and most banks expect to keep a lid on credit for the next year at least, the Federal Reserve reported Monday. A record percentage of banks were making it more difficult for borrowers in the three months ending in July, the Fed said in its quarterly senior loan officer survey of 52 major banks. A majority of banks tightened their rules for granting loans to businesses and consumers. The survey shows little appetite at banks to lend for home mortgages, credit cards, home equity loans, commercial real estate loans, or commercial and industrial loans

 

[tiznow]

no worries from tizgloom his deflation case just growing a bit stronger IMO

although i'm starting to have my doubts on the gold will disconnect for other commodity thing

think this is a pretext to global economic problems as this means the china's etc....real economy are gonna slow big time as well.....and their stock market still tanking like a big dog in the mean time

near term bulls can think we are saved via lower oil...

maybe that was the top of the equity rally today?

we shall see

 

[Anonymous1]

skf is a monster, was in at 107.71 about an hour ago and just exited at 110.47...

shit, its over 111 now....

gold closes at lowest level of year....

 

[tiznow]

y well see if they can put some red on the board before the day is out

might be the big reversal day to end the bull party on lower commodity type thinking

and that might be a capitulation bottom on gold...

commodities look really oversold technically near term

30 year mortgage rates probably heading to new highs with 10 yr where its at