coolhand's Account Talk

[Show-me]

On golds decline, 1. profit taking as it reached 1912/oz, 2.

Gold's sharp correction earlier this week was triggered, in part, by an increase in trading margins by the Shanghai Gold Exchange and a sharp 27% hike in margins by the U.S. exchange operator CME Group, they say.

http://online.wsj.com/article/BT-CO-20110826-701872.html

Get some now, it is a asset to own unless it starts raining gold.

 

[TSPIntel]

coolhand: I like all your search, but I like more all your interpretations... I really do not know where you get all your charts but they all look good to me. Thank you for your sharings. They really are confirmations... and The bottomline comes the same... Buy just before around Full Moon and Sell just before New Moon.

 

[coolhand]

I haven't posted a moon cycle chart in awhile, but that's how the market was trading in previous months. :cheesy:

 

[coolhand]

Central Bankers Urge Governments on Expansion

http://www.bloomberg.com/news/2011-...to-keep-global-economic-expansion-intact.html

Wall Street Haunted by Loss Cuts Risk, Trading Costs Soar: Credit Markets

http://www.bloomberg.com/news/2011-...s-risk-trading-costs-soar-credit-markets.html

Congress Deficit Panel Should ‘Go Big, Go Bold’ on Savings, Warner Says

http://www.bloomberg.com/news/2011-...t-panel-should-go-big-go-bold-on-savings.html

Basel Plans for Capital ‘Punishment’ Prompt Protests From Banks

http://www.bloomberg.com/news/2011-...al-punishment-prompt-protests-from-banks.html

Dollar Cheap in Purchasing Power as Investors See Shelter

http://www.businessweek.com/news/20...urchasing-power-as-investors-see-shelter.html

Johnson: Euro’s Appeal Masks the Gathering Storm

http://www.bloomberg.com/news/2011-...rm-in-europe-commentary-by-simon-johnson.html

Fed’s Bullard sees no need for easing

http://www.marketwatch.com/story/feds-bullard-sees-no-need-for-easing-2011-08-28

13 Ways The Recession Has Completely Changed How Young People View Work

http://www.businessinsider.com/youn...nessinsider+(Business+Insider)##ixzz1WPf1dUVm

Obama Seeks The Ultimate Free Lunch For Housing, And It's A Bank Bailout In Disguise

http://globaleconomicanalysis.blogs...Global+Economic+Trend+Analysis)#ixzz1WPfyXyoL

Paul Woolley: "The Market Has Become Dangerous For Humanity...It Isn't Reaching Equilibrium, It Is Falling Into Chaos"

http://www.zerohedge.com/news/paul-...it-isnt-reaching-equilibrium-it-falling-chaos

As Trade Volumes Soar, Exchanges Cash In

http://www.nytimes.com/2011/08/27/b...cash-in.html?_r=3&ref=business&pagewanted=all

Profits Falling, Banks Confront a Leaner Future

http://www.nytimes.com/2011/08/29/b...ng-jobs.html?_r=1&ref=business&pagewanted=all

Euro bail-out in doubt as 'hysteria' sweeps Germany

http://www.telegraph.co.uk/finance/...-out-in-doubt-as-hysteria-sweeps-Germany.html

Ben Bernanke realised printing yet more money would look desperate

http://www.telegraph.co.uk/finance/...ting-yet-more-money-would-look-desperate.html

European banks set cash test by IMF chief

http://www.telegraph.co.uk/finance/...uropean-banks-set-cash-test-by-IMF-chief.html

Rally in equities defies credit gloom

http://www.theglobeandmail.com/globe-investor/rally-in-equities-defies-credit-gloom/article2143693/

 

[coolhand]

More on the Seven Sentinels...

http://www.traders-talk.com/mb2/index.php?showtopic=133788

 

[Aireman]

So... If I read this right. Maybe a couple more good days then we test the bottom again?

 

[coolhand]

We may get some weakness, in fact I'm expecting it, but Don (the guy who runs the Seven Sentinels site) believes we are now back in an intermediate term uptrend and that it may be a very profitable one for the bulls.

I feel the same way Tom does after reading his blog this morning. The charts are looking very bullish, but I don't like the way we got here. Then again, the market may not care what I think.

I haven't quite made up my mind if I'm going to IFT into the market just yet, but if I do it'll be by close of business tomorrow. Futures are moderately lower right now and I want to see how much weakness comes given the condition of TRIN and TRINQ.

 

[coolhand]

Companies Stop Selling Bonds as Borrowing Costs Jump by 40%: Euro Credit

http://www.bloomberg.com/news/2011-...ng-bonds-as-costs-jump-by-40-euro-credit.html

Pimco's Gross Has 'Lost Sleep' Over Bad Bets

http://online.wsj.com/article/SB10001424053111903352704576539093167112076.html?mod=googlenews_wsj

PIMCO On The Fiscal Folly Of The Keynesian Revolution, And "Just Saying No" To Keynes

http://www.zerohedge.com/news/pimco-fiscal-folly-keynsian-revolution-and-just-saying-no-keynes

 

[coolhand]

Euro Rescue Fund Faces Political Demands

http://www.bloomberg.com/news/2011-...political-demands-that-may-weaken-effort.html

Ex-Goldman Sachs Executive Joined SEC After Earning More Than $57 Million

http://www.bloomberg.com/news/2011-...ning-more-than-57-million.html?cmpid=msnmoney

Europe Drags Residential Property Price Increases to Lowest in Two Years

http://www.bloomberg.com/news/2011-...ial-property-price-gains-to-two-year-low.html

Obama and the Burden of Exceptionalism

http://online.wsj.com/article/SB100...23176115558.html?mod=WSJ_hps_sections_opinion

Big-Name Stocks Cheaper Than During 2008-09 Crisis

http://www.cnbc.com/id/44349809

The Ever Diminishing Returns Of Central Bank Intervention, Or QE As The Godfather Trilogy

http://www.zerohedge.com/news/ever-...ral-bank-intervention-or-qe-godfather-trilogy

 

[Birchtree]

That was a great article on oBOMBa and anti-exceptionalism - reminds me of nasty multiculturalism.

 

[coolhand]

You know, I thought of you when I posted that link. I knew you'd like it.

 

[coolhand]

Merkel’s Euro Debt Crisis Gambit Ends in Election Defeat in Her Home State

http://www.bloomberg.com/news/2011-09-04/merkel-s-euro-gambit-ends-in-home-defeat.html

Euro Falls as Merkel Election Defeat, Stock Losses Boost Haven Currencies

http://www.bloomberg.com/news/2011-...kel-election-defeat-u-s-slowdown-concern.html

Tremonti Rushes to Rome for Austerity Talks as Bonds Plunge

http://www.businessweek.com/news/20...rome-for-austerity-talks-as-bonds-plunge.html

Bank, Sovereign Bond Risk Surge to Records as European Debt Crisis Deepens

http://www.bloomberg.com/news/2011-...default-swaps-surge-to-records-in-europe.html

Corporate Bond Risk Rises in Europe, Credit-Default Swaps Show

http://www.businessweek.com/news/20...ises-in-europe-credit-default-swaps-show.html

Ackermann Says Market Reminiscent of 2008

http://www.bloomberg.com/news/2011-...arket-conditions-remind-him-of-fall-2008.html

Swaps on Treasuries Reach Record Low Against Bunds in S&P Denial

http://www.businessweek.com/news/20...h-record-low-against-bunds-in-s-p-denial.html

Global Investors Should Brace ‘For More Pain’ on China Policy, CICC Says

http://www.bloomberg.com/news/2011-...for-more-pain-on-china-outlook-cicc-says.html

Gold Trades Within 0.2% of Record as Debt Concern Boosts Haven Demand

http://www.bloomberg.com/news/2011-...e-as-growth-debt-concerns-enhance-demand.html

BofA, JPMorgan Among 17 Banks Sued by U.S. for $196 Billion

http://www.bloomberg.com/news/2011-...d-by-fhfa-over-196-billion-in-securities.html

California Employment at Record Low 55.4 Percent as Fewer Women Find Jobs

http://www.bloomberg.com/news/2011-...s-to-record-low-as-fewer-women-find-jobs.html

CEO Estimate Cuts Fall 38% With Cheapest S&P 500 Since ‘85

http://www.businessweek.com/news/20...s-fall-38-with-cheapest-s-p-500-since-85.html

Don't Bet on a 'United States of Europe'

http://www.cnbc.com/id/44396103

Europe's Banks Face Unsecured Bond Test

http://www.cnbc.com/id/44225210

UBS Declares "The Euro Should Not Exist" In A Monster Report On The Odds Of An EU Breakup

http://www.businessinsider.com/ubs-on-the-euro-breakup-2011-9

Open Europe Briefing On What The German Constitutional Court Ruling Will Mean For The Eurozone Crisis

http://www.zerohedge.com/news/open-...tional-court-ruling-will-mean-eurozone-crisis

Postal Service Is Nearing Default as Losses Mount

http://www.nytimes.com/2011/09/05/b...nt.html?_r=2&partner=bloomberg&pagewanted=all

Charlotte has NYers in its web

http://www.nypost.com/p/news/local/charlotte_has_nyers_in_its_web_DMPQDh6mxxNdZjuMXjUFpK

UAW's Williams: Be grateful for auto bailout

http://www.detnews.com/article/20110905/BIZ/109050377/1001/biz

GAO Warns on Pension Investments in Alternatives

http://www.institutionalinvestor.co...tments-in-Alternatives.html?ArticleId=2894766

Pension funds in new crisis as deficit hole grows

http://uk.reuters.com/article/2011/...rs/UKBusinessNews+(News+/+UK+/+Business+News)

Banks suffer as eurozone crisis triggers fresh market slump

http://www.independent.co.uk/news/b...isis-triggers-fresh-market-slump-2349895.html

Exclusive: Moody’s Poised To Deliver Bank Downgrades

http://blogs.news.sky.com/kleinman/Post:a3b67e1f-bf0e-4b0b-bcd2-34864d0cca8a

 

[coolhand]

Italian Senate to Hold Austerity Confidence Vote

http://www.bloomberg.com/news/2011-...onfidence-vote-on-revised-austerity-plan.html

U.S. Company Risk Measure Jumps as Europe Evokes '08 Comparison

http://www.sfgate.com/cgi-bin/artic...-0H5366U8HQIA613T6B69JLSLAM.DTL#ixzz1XGI92oi5

Citigroup CEO Pandit’s ‘Globality’ Goal Imperiled

http://www.bloomberg.com/news/2011-...as-citigroup-sees-slower-economic-growth.html

‘Helicopter Ben’ May Deter Lending: Gross

http://www.bloomberg.com/news/2011-...ing-with-lower-rates-policies-gross-says.html

The Other Climate Theory

http://online.wsj.com/article/SB100...50502443800.html?mod=WSJ_hps_sections_opinion

"The European Financial System Is Finished" In Quotes

http://www.zerohedge.com/news/european-financial-system-finished-quotes

U.S. Takes Hard Line in Suits Over Bad Mortgages

http://dealbook.nytimes.com/2011/09...n-suits-over-bad-mortgages/?partner=bloomberg

In Euro Zone, Banking Fear Feeds on Itself

http://www.nytimes.com/2011/09/07/b...-itself.html?_r=2&ref=business&pagewanted=all

Obama's Failure On Jobs: Four Damning Charts

http://www.forbes.com/sites/beltway/2011/09/06/obamas-failure-on-jobs-four-damning-charts/

No plans for extra euro zone bank capital support - sources

http://uk.reuters.com/article/2011/...rs/UKBusinessNews+(News+/+UK+/+Business+News)

German austerity drive risks Euro-slump

http://www.telegraph.co.uk/finance/.../German-austerity-drive-risks-Euro-slump.html

 

[Birchtree]

I want an Obummer green job - but I don't want to make windmills, or solar panels, or bottle flatus - but I could tend a goat herd. Would that pay well.

 

[coolhand]

Trichet May Choose Liquidity Over ECB Rate Cut

http://www.bloomberg.com/news/2011-...ls-as-debt-crisis-tightens-money-markets.html

A Layman’s Guide to the President’s Jobs Speech: Caroline Baum

http://www.bloomberg.com/news/2011-...he-president-s-jobs-speech-caroline-baum.html

SEC Shifts Tack on Document Destruction Amid Whistleblower Threat

http://blogs.wsj.com/deals/2011/09/...cument-destruction-amid-whistleblower-threat/

Why the Stimulus Failed

http://online.wsj.com/article/SB100...00632493510.html?mod=WSJ_hps_sections_opinion

FED CONSIDERING 3 OPTIONS FOR NEXT ROUND OF EASING

http://www.businessinsider.com/fed-considering-3-options-for-next-round-of-easing-2011-9

GOP Candidates Want To Get Rid Of Bernanke

http://www.businessinsider.com/gop-candidates-want-to-get-rid-of-bernanke-2011-9#ixzz1XMGfIwgP

Is Greece About To Default?

http://seekingalpha.com/article/292287-is-greece-about-to-default?source=bloomberg

U.S. mutual fund flows break six week losing streak

http://www.reuters.com/article/2011/09/07/investing-fundflows-ici-idUSN1E7861KE20110907

German court curbs future bail-outs, bans EU fiscal union

http://www.telegraph.co.uk/finance/...bs-future-bail-outs-bans-EU-fiscal-union.html

 

[coolhand]

Ghost of Lehman Haunts G-7 Amid European Debt-Crisis Paralysis

http://www.sfgate.com/cgi-bin/artic...-72L29TEESAGC7SEM5093SEOADS.DTL#ixzz1XSHlUuPg

Bond Investors Consider Greek Debt Exchange as Budget Concerns Escalate

http://www.bloomberg.com/news/2011-...ebt-exchange-as-budget-concerns-escalate.html

Texas Instruments Cuts Sales Forecast as Chip Orders Slow

http://www.bloomberg.com/news/2011-...ast-as-customers-hold-off-on-chip-orders.html

Japan’s Economy Contracts More Than Initial Estimate as Yen Hurts Recovery

http://www.bloomberg.com/news/2011-...n-preliminary-estimate-as-recovery-slows.html

Greek CDS Spreads Go Stratospheric

http://blogs.wsj.com/marketbeat/2011/09/08/greek-cds-spreads-go-stratospheric/

Obama's Bid to Spur Growth

http://online.wsj.com/article/SB100...59062901863074.html?mod=WSJ_hp_LEFTTopStories

The Latest Jobs Plan

http://online.wsj.com/article/SB100...58931723540102.html?mod=WSJ_hp_LEFTTopStories

Underfunded Pensions Pressured to Make Riskier Bets

http://www.cnbc.com/id/44443559

GREECE: Here's The Latest, And Here's What's Next

http://www.businessinsider.com/heres-whats-next-for-greece-september-8-2011-9

Senate Attempt To Block Debt Ceiling Increase Fails: Debt Target Is Now $15.2 Trillion, Or Over 100% Of GDP

http://www.zerohedge.com/news/senat...-debt-target-now-152-trillion-or-over-100-gdp

Settlement Said to Be Near for Fannie and Freddie

http://dealbook.nytimes.com/2011/09...ear-for-fannie-and-freddie/?partner=bloomberg

Germany pushes Greece to the brink in dangerous brinkmanship

http://www.telegraph.co.uk/finance/...e-to-the-brink-in-dangerous-brinkmanship.html

 

[markmars]

Obama's Bid to Spur Growth

http://online.wsj.com/article/SB100...59062901863074.html?mod=WSJ_hp_LEFTTopStories

Mr. Obama also promised ideas to revamp the tax code "in a way that asks the wealthiest Americans and biggest corporations to pay their fair share." But he offered no new specifics.

How dare they keep their Money! How about lets lower spending, and let people keep their Money!

 

[coolhand]

Run Forrest, Run! :laugh:

Europe Has Firepower to Deal With Debt: US Official

http://www.cnbc.com/id/44462054

 

[coolhand]

ECB Dealt Blow as Executive Board Member Stark Resigns Before End of Term

http://www.bloomberg.com/news/2011-...k-resigns-three-years-before-end-of-term.html

Bank, Sovereign Bond Risk Surge to Records on Greek Debt Woes

http://www.businessweek.com/news/20...risk-surge-to-records-on-greek-debt-woes.html

Euro Falls to 6-Month Low, Swaps Show 90% Odds of Greek Default

http://www.businessweek.com/news/20...-low-swaps-show-90-odds-of-greek-default.html

Interest-Rate Swap Spreads Climb as Europe Debt Crisis Deepens

http://www.bloomberg.com/news/2011-...eads-climb-as-europe-debt-crisis-deepens.html

Greece Must Cut Debt or 'Probably' Exit Euro, Flaherty Says

http://www.sfgate.com/cgi-bin/artic...-0AN1JDONGRR7ITCD2RNRLETT2B.DTL#ixzz1XeucAmOr

Treasury 10-Year Yields Fall to Record on Greece Default Concern

http://www.businessweek.com/news/20...fall-to-record-on-greece-default-concern.html

Crude Oil Drops Most in a Week as Euro Tumbles on European Debt Crisis

http://www.bloomberg.com/news/2011-...as-bernanke-obama-don-t-boost-confidence.html

Copper Tumbles Most in a Month as Obama, Bernanke Fail to Boost Confidence

http://www.bloomberg.com/news/2011-...-obama-bernanke-fail-to-boost-confidence.html

Banks May Fight Banks Over Mortgage Suits

http://www.bloomberg.com/news/2011-...securities-investors-try-for-class-suits.html

Stark’s Sudden Departure Hits ECB Hard

http://blogs.wsj.com/source/2011/09/09/starks-sudden-departure-hits-ecb-hard/?mod=google_news_blog

BofA CEO Still on Thin Ice

http://www.foxbusiness.com/markets/2011/09/08/bofa-ceo-still-on-thin-ice/

Feasting on Paperwork

http://www.cnbc.com/id/44451703

Here's What Hedge Funds Have To Say About Your Little Swiss Intervention

http://www.businessinsider.com/hedg...inessinsider+(Business+Insider)#ixzz1XevluNfu

Here's Why Everyone's Thinking That Greece Might Default This Weekend

http://www.businessinsider.com/speculation-that-greece-will-default-2011-9#ixzz1XevtOWWF

Barry Eichengreen: Europe Is On The Verge Of A Political Breakdown

http://www.project-syndicate.org/commentary/eichengreen34/English#ixzz1Xew0oeZC

As Greece Denies, Germany Begins Greek Default Preparations

http://www.zerohedge.com/news/greece-denies-germany-begins-greek-default-preparations

Things In Europe Go From Bad To Worse As Germany's FDP Party Seeks Referendum Over EFSF

http://www.zerohedge.com/news/thing...germanys-fdp-party-seeks-referendum-over-efsf

European Liquidity At Worst Level In Years

http://www.zerohedge.com/news/european-liquidity-worst-level-years

Economic growth gauge ticks up, annualized rate falls: ECRI

http://www.reuters.com/article/2011/09/09/us-usa-economy-ecri-idUSTRE78843420110909

Fed's Bullard says hard to coordinate cenbank policy

http://www.reuters.com/article/2011/09/09/usa-fed-bullard-idUSN1E78814120110909

 

[coolhand]

Germany Readies Surrender in Fight to Save Greece: Euro Credit

http://www.bloomberg.com/news/2011-09-12/germany-readies-surrender-in-fight-to-save-greece.html

Biggest French Banks May Have Ratings Cut by Moody’s on Greek Holdings

http://www.bloomberg.com/news/2011-...dit-agricole-said-to-face-cut-by-moody-s.html

Papandreou Sets New Measures to Skirt Default

http://www.bloomberg.com/news/2011-09-11/papandreou-oks-taxes-cuts-to-dodge-default.html

Europe May Need to Bail Out, Nationalize Some Banks, Westpac’s Jones Says

http://www.bloomberg.com/news/2011-...ionalize-some-banks-westpac-s-jones-says.html

Euro May Weaken Against Dollar as German Exports Decline: Chart of the Day

http://www.bloomberg.com/news/2011-...-german-exports-decline-chart-of-the-day.html

Funds Boost Bullish Commodity Bets on Outlook for Economic-Stimulus Plans

http://www.bloomberg.com/news/2011-...s-on-outlook-for-economic-stimulus-plans.html

Hedge Funds In Trouble, Waiting for the Rally of a Lifetime

https://www.kapitall.com/?SSS_C1DA6645297CD14C8C88D2A29C808DFE#ixzz1XjPSTmQW

German Economy Minister: "Greek Default Can't Be Ruled Out" And "We Need A Bankruptcy Procedure For Countries"

http://www.zerohedge.com/news/germa...d-out-and-we-need-bankruptcy-procedure-countr

Goodbye Euro, Hello Drachma

http://www.zerohedge.com/news/goodbye-euro-hello-drachma