Market Talk / May 7 - 13

[Wizard]

Gold up 2.67% today.

$706.80

On a Fed Rate Hike Day????????? You betcha.

 

[Wizard]

$707 - Ding Ding.

 

[The_Technician]

$707 - Ding Ding.

Looks like the dollar has been signed off...

 

[Spartan]

I think theres more risk trusting that your dollars will keep their worth. Because they won't. And the dollar has lost more than 9% vs the Euro and lost over 6% vs the Yen. And thats just YTD, its still falling.

 

[Wizard]

I think theres more risk trusting that your dollars will keep their worth. Because they won't. And the dollar has lost more than 9% vs the Euro and lost over 6% vs the Yen. And thats just YTD, its still falling.

You seen nothing yet. When the Fed does pause it will drop that much in one day. :nuts:

 

[The_Technician]

You seen nothing yet. When the Fed does pause it will drop that much in one day. :nuts:

Thats the quadrum its in too....if your money isn't worth the paper its printed on, then how are you going to buy all them imports????

Interest rates will have to go upp......again to 17%......

 

[Wizard]

Looks like the dollar has been signed off...

Based on spot prices of May 10th, 2006 15:43 New York Time

Gold $ US 708.00
Silver $ US 14.55

 

[Wizard]

Based on spot prices of May 10th, 2006 15:51 New York Time

Gold $ US 709.10

 

[Spaf]

Daily Yak

The Kingdom of TSP
Daily Edition
May 10, 2006 Closing
​

Yak, Doodles, Tea Leaves & The Tin Box

Kingdom Yak:
Market Yak..............................Socks remain mixed, Market paused for a knee jerk short sell off over rates, now at 5%.
Other Yak................................Lube continues climb over 72
Jester Yak...............................Over bought! correction start? Or just a blip!

Doodles:
Socks [$SPX] Closed at..............1322.85, dn -2.29
Volume (CMF) (money flow).........+0.135, increasing.
Averages (MACD) (trend)............+6.614, increasing.
Momentum (S-STO) (signal).........92.02, decreasing.
Strength (RSI) Overbought/sold....[70] 61.37 [30]

Lube (NYM) Closed at..................72.13, up +1.44
Oil Markers................................<70= ok, 70-75= worry, >75= panic.

Tea Leaves:
Charts & Stuff............................Yellow

Tin Box:
Position.....................................0% Socks
Stops [$SPX].............................Alert: 1312. Trail: 1299.

 

[Wheels]

Thats the quadrum its in too....

Quadrum??????

 

[Wizard]

Quadrum??????

A drum played by "Q" - the character from Star Trek.

 

[Wheels]

A drum played by "Q" - the character from Star Trek.

I'm in a quandry as to whether he meant conundrum.

Dave
<><

 

[Spaf]

quadrum drink: four shots of rum in a coke.

 

[Wizard]

I'm in a quandry as to whether he meant conundrum.

Dave
<><

Do you write the statement for the Fed?

 

[Spartan]

I betcha Bernanke was using Greenspan's old notes.

 

[Wizard]

Only fund up today - the mighty G fund.

 

[TiCKed]

quadrum drink: four shots of rum in a coke.

Wouldn't that be a quadrum and coke? Why spoil it with coke?

 

[James48843]

"C" 14.45
"S" 18.20
"I" 20.89


My bet is that all take a breather the next week or so. That was a heck of a run-up the last month, eh?

Here is a question:

With interest rates rising, why would anybody put money into "F" right now? I keep seeing a lot of people with a significant amount of money going into "F". In a falling rates environment that makes sense. But when rates are rising? ? ?

Why?

 

[TiCKed]

Here is a question:

With interest rates rising, why would anybody put money into "F" right now? I keep seeing a lot of people with a significant amount of money going into "F". In a falling rates environment that makes sense. But when rates are rising? ? ?

Why?

Ignoring the fundamentals in favor of the technical?

I have a small piece of F since it will start to perform at some point......

 

[Wizard]

I have a small piece of F since it will start to perform at some point......

........when the fed pauses however the USD will fall more which will cause yields to raise. F is a scary place to be right now.