no way in hell think the dollar gonna steady here as there seems to be some flight to cash with the credit crunch on
dollar was lower in late nov than it is now
and markets already know that AT LEAST a 1/4 cut is coming on jan 30th
they can cut to zero don't think they will stop deflation from showing its ugly head down the road (already seeing it hard core in homes obviously)
once consumption/demand falls flat on its face here in america
we shall see
i just tend to think bulls and bears alike are so solidily in the dollar tanking realm of thinking that we will see the opposite once the end game arrives....
I agree - they will wait until JAN 30th to cut
with this current keystone cop "FED" we have no telling if it is .25 or .50 but it matters not....they made a HUGE mistake by not cutting .50 last two meetings.
it is all a mute point though....our buddies at GS are predicting a cut to 2.5%!! eventually - which is what I predicted 3 months ago
DOW will be at 1500 on 10/1/08.....if they cut to 2% 1600 DOW...it's all about the helicopters...GLA
tiz - the Contrarian in me says the dollar due for a nice bounce too but hard to be bullish on it now
with this current keystone cop "FED" we have no telling if it is .25 or .50 but it matters not....they made a HUGE mistake by not cutting .50 last two meetings.
it is all a mute point though....our buddies at GS are predicting a cut to 2.5%!! eventually - which is what I predicted 3 months ago
DOW will be at 1500 on 10/1/08.....if they cut to 2% 1600 DOW...it's all about the helicopters...GLA
tiz - the Contrarian in me says the dollar due for a nice bounce too but hard to be bullish on it now
good luck i don't mess with shorting smart jews
they predicting recession, so i'm sure they have their bets placed/hedged accordingly, they bet right on the housing collapse too
granted i expect them to fall and they sitting on tons of leverage that you can't unwind overnight but they won't get hurt as much as the rest of um i don't think
i like jpm more in the financial arena as far as a short target
boy that takes some stones....GL, will be rooting for ya
I agree it takes nuts of steel to short GS. Goodluck with it though.
Btw: Jdog it's moot point not mute point. Not flaming just correcting for the future as someone before me corrected me on the same mistake.
speaking of corportism from earlier
-------------------------------------------
Tony Blair to join JPMorgan: source
Wednesday January 9, 8:48 pm ET
NEW YORK (Reuters) - Former British prime minister Tony Blair is expected on Thursday to join U.S. bank JPMorgan Chase & Co Inc (NYSE:JPM - News) as a senior adviser, according to a person familiar with the situation.
-------------------------------------------
Tony Blair to join JPMorgan: source
Wednesday January 9, 8:48 pm ET
NEW YORK (Reuters) - Former British prime minister Tony Blair is expected on Thursday to join U.S. bank JPMorgan Chase & Co Inc (NYSE:JPM - News) as a senior adviser, according to a person familiar with the situation.
GS should drop 10% alone on that brilliant call they made to short gold at $800:lol:
did not mention this earlier but got a friend who is a trader there....many of the reports they put out are BS. For example they were massively ultra-short the RE market via SRS early 2007, while at the same time issuing glowing reports and selling their clients subprime mbs. pretty smart guys, but helps to be privy to the inside shit
did not mention this earlier but got a friend who is a trader there....many of the reports they put out are BS. For example they were massively ultra-short the RE market via SRS early 2007, while at the same time issuing glowing reports and selling their clients subprime mbs. pretty smart guys, but helps to be privy to the inside shit
January 9, 2008 -- Bloomberg: Gold futures in China increased as much as 10 percent on their first day of trading today on demand from local investors seeking to buy the metal on margin, Zhu Bin, head of research at Nanhua Futures Co., said by phone from Hangzhou. The start of Shanghai trading was "the biggest event in the gold market since the launch of the gold exchange-traded funds over the past few years,'' John Reade, an analyst at UBS AG in London, wrote in a report. Bullion for immediate delivery climbed as much as $13.54, or 1.5 percent, to a record $891.70 an ounce, and traded at $886.90 as of 9:34 a.m. in London. "Gold is going to be a great investment in 2008,'' Greg Smith, managing director of investment adviser Fat Prophets U.K. Ltd., said in an interview with Bloomberg Television in London. "The $1,000 an ounce is certainly in view now.''
:chest:
Good luck with your GS trade Joe.
:chest:
Good luck with your GS trade Joe.
just pulled out my gold coins haven't looked at um in a while
fun to hold and ounce of gold in your hand and say your worth 860 fiat dollars
you dollar bears, super commodity bulls, hoarding pre 82 pennies and nickels?
I am, can't lose always gonna be worth a penny or nickel regardless
:nohead:
fun to hold and ounce of gold in your hand and say your worth 860 fiat dollars
you dollar bears, super commodity bulls, hoarding pre 82 pennies and nickels?
I am, can't lose always gonna be worth a penny or nickel regardless
:nohead:
no ALL NICKELS are worth more than face value right now (they a copper/nickel mix) probably cost our mint like 8-9 cents to make a nickel right about now....woo hoo taxpayer money well spent
www.coinflation.com
pre 1982 penny worth 2.17 cents for its metal content
AKL nickels worth 6.36 cents for its metal content :toast:
by the way they recently made it a criminal to melt them down for their metal content, also chinese can't load up a boat full nickels and ship um home and melt um down....hahaha
but we used to use silver for our coins and they now over 10x face value and are sold at such value in coin shops etc...
www.coinflation.com
pre 1982 penny worth 2.17 cents for its metal content
AKL nickels worth 6.36 cents for its metal content :toast:
by the way they recently made it a criminal to melt them down for their metal content, also chinese can't load up a boat full nickels and ship um home and melt um down....hahaha
but we used to use silver for our coins and they now over 10x face value and are sold at such value in coin shops etc...
The 82 and pre issued pennies contain more than 1 cent worth of copper.
The govt passed a law outlawing melting down pennies for fears of people scalping the copper from pennies.
This same type of thing happened with quarters and dimes from pre 1964 when silver and gold went to the moon after being dirt cheap for decades.
Same thing happened during the Roman empire. Regular citizens along with bankers clipped coins to steal some of the precious metal content.
Compare any of the new coins from older coins and youll notice a huge difference.
Compare the euro coins and they are even more flimsy than us coins.
The faces change but the game stays the same.
EDIT* Well Tiz, looks like Ill be checking every penny I get from this point forward.
Penny saved, is now 2+ pennies earned.
LOL
The govt passed a law outlawing melting down pennies for fears of people scalping the copper from pennies.
This same type of thing happened with quarters and dimes from pre 1964 when silver and gold went to the moon after being dirt cheap for decades.
Same thing happened during the Roman empire. Regular citizens along with bankers clipped coins to steal some of the precious metal content.
Compare any of the new coins from older coins and youll notice a huge difference.
Compare the euro coins and they are even more flimsy than us coins.
The faces change but the game stays the same.
EDIT* Well Tiz, looks like Ill be checking every penny I get from this point forward.
Penny saved, is now 2+ pennies earned.
LOL
