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bellevuebully
28th September 2010, 08:09 AM
Do we see 78 today. :o

bellevuebully
28th September 2010, 09:26 AM
Index data delayed 30 min.
DJIA
10,829.15
+17.11
NASDAQ
2,366.48
-3.29
TSX Gold
402.25
+5.54
RUSSELL
667.00
-1.29
GOX
231.90
+2.92
NYSE
7,273.35
+9.98
TSX
12,202.04
+11.44
USD
78.95
-0.50
HUI
507.22
+6.73
NIKKEI
9,495.76
-107.38
JSE
2,529.31
+18.29
Crude Oil 76.59 +0.07
Charts

....as per Kitco.


Ouch. Currencies should NOT move this quickly.

bellevuebully
28th September 2010, 04:14 PM
It's a good thing for aftermarkets...........gives bucky a chance to show some gains.......2bsp.......still sub .79



The world has gone from deflation fear to inflation fear in about 36 hours.

ximmy
29th September 2010, 12:06 AM
last time they propped it up by recalculating some numbers... simple enough and soothes the sheeple...

1970 silver art
29th September 2010, 04:13 AM
USD currently down 0.16 at 78.78 according to Kitco.

SHTF2010
29th September 2010, 04:37 AM
lowest i've seen the USDX was 71.04

and the biggest one day drop was a little over 1

i may have to start watching the USDX again daily

bellevuebully
30th September 2010, 06:42 PM
lowest i've seen the USDX was 71.04

and the biggest one day drop was a little over 1

i may have to start watching the USDX again daily


The dollar index crept quietly back to very critical levels.......that is why I started the thread. Cheers.

bellevuebully
1st October 2010, 02:47 AM
Index data delayed 30 min.
DJIA
10788.0
-47.23
NASDAQ
2368.62
-7.94
TSX Gold
400.94
-6.84
RUSSELL
676.14
-1.50
GOX
233.37
-1.19
NYSE
7281.07
-18.24
TSX
12368.65
-14.17
USD
78.33 -0.45
HUI
509.88
-4.06
NIKKEI
9,404.23
+34.88
JSE
2,528.33
-7.15
Crude Oil 80.62 +0.65

The shredding continues.......why do I get the feeling we're going down to have a peak at .72 to see if the floorboards are securely nailed, glued and screwed.??!?

bellevuebully
1st October 2010, 06:32 PM
The trend continues....

bellevuebully
1st October 2010, 07:13 PM
Here is some commentary I can fully accept....(from King World News) (highlights mine)




With gold hitting new highs, King World News spoke with Ben Davies, CEO of Hinde Capital, out of London to get his take on the move in gold and silver. Ben stated, “Even at new nominal highs there is a desire for gold, but the long-term holders are not sellers at these prices. They will have to be enticed into letting some go by much higher prices, as well as more attractive valuations in other asset classes.”
October 1, 2010

Ben Davies continues:





“So far this has been a very orderly market, despite the plethora of yahoos greeting new highs. But who really owns gold? The market is so orderly here, it feels like it’s being managed, and at some point the orderly rate of ascent will become disorderly to the upside as we enter into new price discovery.”





“We are still seeing negative real returns on bond investments. Investors have to ask themselves at some point, ‘Should we move from bonds into gold?’ Gold has no liabilities, or default risk, whereas government bonds these days are accompanied in some cases by tremendous risks.”





Regarding silver specifically Ben commented, “With silver at the $22 level, supply is extremely tight and at a 60 ratio to gold it remains highly undervalued.”





It seems we are in for some disorderly activity to the upside in the not too distant future, so hang on and enjoy the ride.





Eric King


KingWorldNews.com


To return to BLOG click here.

mike88
2nd October 2010, 12:35 AM
article sounds spot on to me, passes the smell test. gives time for those connected to load up while j6p dithers about. waiting until after the "elections" in november. when the new crooks are installed in office and have a secure position for 2 more years, it may be bend over time for the proles. the presidents handler is bailing as we speak, the shovel ready projects are finishing up, summer jobs are done for another 8 months, housing stimulus is over, and taxes are set to rise this tax season. could be a long winter. good thread on the usdx, thanks for starting it. talking to friends i now express the dollars value as a percentage of the gold and silver price. 1/22 oz silver..........1/1300 oz gold. kinda makes one think a little when they tell me " yeah but metal is so expensive".

bellevuebully
2nd October 2010, 12:42 AM
article sounds spot on to me, passes the smell test. gives time for those connected to load up while j6p dithers about. waiting until after the "elections" in november. when the new crooks are installed in office and have a secure position for 2 more years, it may be bend over time for the proles. the presidents handler is bailing as we speak, the shovel ready projects are finishing up, summer jobs are done for another 8 months, housing stimulus is over, and taxes are set to rise this tax season. could be a long winter. good thread on the usdx, thanks for starting it. talking to friends i now express the dollars value as a percentage of the gold and silver price. 1/22 oz silver..........1/1300 oz gold. kinda makes one think a little when they tell me " yeah but metal is so expensive".


Spot on Mike.

1970 silver art
5th October 2010, 10:23 AM
USD............Down 0.64 to 77.81.

bellevuebully
7th October 2010, 09:14 AM
Index data delayed 30 min.
DJIA
10,955.54
-12.11
NASDAQ
2,385.84
+5.18
TSX Gold
400.69
-9.00
RUSSELL
679.29
+3.15
GOX
238.60
-5.41
NYSE
7,431.79
-16.54
TSX
12,409.39
-92.33
USD
77.26
-0.14
HUI
515.30
-15.54
NIKKEI
9,684.81
-6.62
JSE
2,527.42
-41.85
Crude Oil 82.58 -0.65

Libertarian_Guard
7th October 2010, 09:24 AM
Looking at a chart of the USD, all I see is a little bounce on the way down. It could stay range bound around current levels for weeks. But clearly it's momentum is to the downside.

bellevuebully
7th October 2010, 09:28 AM
Looking at a chart of the USD, all I see is a little bounce on the way down. It could stay range bound around current levels for weeks. But clearly it's momentum is to the downside.


This last week was definitely a turning point for the realization of the precariousness of the system. Even Bernankes speech was basically a confession of defeat. You can feel the fear creep into the market. Things can happen very quickly in this environment.

bellevuebully
7th October 2010, 02:21 PM
Ouch on the interday low.

It is beyond me how anyone could see safety in the bond market at this point.

Libertarian_Guard
8th October 2010, 09:18 AM
The bond markets are bliss for those who are completely illiterate to any understanding of honest money.

They've simply been blinded by the keynesian fiat B.S. that permeates all who have long since lost the ability to think for themselves.

bellevuebully
9th October 2010, 06:54 AM
The bond markets are bliss for those who are completely illiterate to any understanding of honest money.

They've simply been blinded by the keynesian fiat B.S. that permeates all who have long since lost the ability to think for themselves.



Who in their right mind goes into a bond market with interest at zero? Seriously.....I don't get it.

bellevuebully
10th October 2010, 04:02 PM
The evisceration contiues unabated.......



Index data delayed 30 min.
DJIA
11006.5
57.90
NASDAQ
2401.91
18.24
TSX Gold
403.01
+2.56
RUSSELL
693.82
9.59
GOX
240.22
2.94
NYSE
7478.42
53.41
TSX
12535.59
+89.66
USD
77.03
-0.15
HUI
521.26
6.47
NIKKEI
9,588.88
-95.93
JSE
2,533.77
+6.35
Crude Oil 83.06 +0.40

mike88
13th October 2010, 09:48 AM
usdx heading lower..........................

Neuro
13th October 2010, 10:27 AM
The bond markets are bliss for those who are completely illiterate to any understanding of honest money.

They've simply been blinded by the keynesian fiat B.S. that permeates all who have long since lost the ability to think for themselves.



Who in their right mind goes into a bond market with interest at zero? Seriously.....I don't get it.
The federal reserve bank. They stop purchasing gov debt, the whole thing collapses in 3 mths or less...

bellevuebully
13th October 2010, 05:43 PM
Index data delayed 30 min.
DJIA
11096.1
75.68
NASDAQ
2441.23
23.31
TSX Gold
409.11
+7.29
RUSSELL
706.47
10.43
GOX
246.26
6.24
NYSE
7561.50
71.88
TSX
12673.31
+97.67
USD
76.88 -0.20
HUI
533.53
13.27
NIKKEI
9,494.26
+90.75
JSE
2,585.49
+39.39
Crude Oil 83.58 +0.57

1970 silver art
14th October 2010, 04:42 AM
USD index..........Down 0.53 to 76.54 according to Kitco.com when I checked at 7:40 AM. Sinking like a rock.

madfranks
14th October 2010, 08:34 AM
Yeah, we're watching it crash before our very eyes.

bellevuebully
14th October 2010, 05:39 PM
Yeah, we're watching it crash pay off the national debt before our very eyes.

bellevuebully
25th October 2010, 10:27 AM
Don't worry....the recovery is well under way. :sarc:

Neuro
25th October 2010, 10:47 AM
Don't worry....the recovery is well under way. :sarc:
It has the buoyancy of a mafioso out of favor... ;D

mamboni
25th October 2010, 11:15 AM
Don't worry....the recovery is well under way. :sarc:
It has the buoyancy of a mafioso out of favor... ;D


Rumor has it that in Hong Kong the traders now refer to the US Dollar as 'Big Pussy.' ::) ::) ::)

1970 silver art
25th October 2010, 11:18 AM
Looks like the USD is trying to desparately hang on to 77 but in the end, the USD will lose that battle.

1970 silver art
31st October 2010, 08:06 PM
Bye bye 77..............

USD......down 0.13 to 76.91 according to Kitco.com.

bellevuebully
31st October 2010, 09:15 PM
Bye bye 77..............

USD......down 0.13 to 76.91 according to Kitco.com.




Say hello to inflation. This should be an interesting week. I say $26-27 on silver over the next week. Thanks for the update SA.

Do I hear a toilet flushing?

Horn
31st October 2010, 10:38 PM
Yeah, we're watching it crash pay off the national debt before our very eyes.



Its gonna be equal to the Space Shuttle attempting re-entry without any tiles in place.

They could only wish it had that sort of insulation.

cthulu
31st October 2010, 10:46 PM
ya can't eat dollars. :lol

ximmy
31st October 2010, 11:03 PM
yyyeah... you keep watching... I'll be ready prepared... :o

1970 silver art
1st November 2010, 03:49 AM
Bye bye 77..............

USD......down 0.13 to 76.91 according to Kitco.com.




Say hello to inflation. This should be an interesting week. I say $26-27 on silver over the next week. Thanks for the update SA.

Do I hear a toilet flushing?


Yep. I can hear the toilet flushing and it is getting louder and louder with each downward movement of the USD......................

1970 silver art
1st November 2010, 06:50 PM
For some reason, the USD is stubbornly staying in the 77 range. It went to under 77 briefly before it got back up to above 77 (recent Kitco quote has it at 77.28). I think that the 77 level is some kind of support for the USD for the time being, however, the USD will eventually fall through that level. I think that the FOMC meeting on Nov. 2 and Nov. 3 will probably cause the dollar to drop when the Fed announces how much more Treasury debt they are going to buy (i.e. Quantitative Easing). More U.S. Dollar destruction to come.

bellevuebully
1st November 2010, 07:35 PM
For some reason, the USD is stubbornly staying in the 77 range. It went to under 77 briefly before it got back up to above 77 (recent Kitco quote has it at 77.28). I think that the 77 level is some kind of support for the USD for the time being, however, the USD will eventually fall through that level. I think that the FOMC meeting on Nov. 2 and Nov. 3 will probably cause the dollar to drop when the Fed announces how much more Treasury debt they are going to buy (i.e. Quantitative Easing). More U.S. Dollar destruction to come.


Well, we all know...nothing goes straight up or straight down, especially the usd.....until it goes straight down. ;D

QE11 I think for the most part is baked in the cake. I think the real punch is going to hit when inflation #'s start to turn up in the economic indicators.

cthulu
2nd November 2010, 02:29 AM
The U.S. dollar may depreciate 20 percent in the next few years following easing measures by the Federal Reserve, Bill Gross, manager of the world’s largest bond fund at Pacific Investment Management Co., said in an interview with Reuters.

Quantitative easing debases the currency on a global basis, and the pace of the dollar’s decline is an important consideration for investors, Gross was cited as saying. In the article dated Nov. 1, Gross didn’t specify which currency the dollar may fall 20 percent against.

Americans should consider getting out of dollar-based assets and seek higher returns in emerging markets, Gross told Reuters.

http://www.bloomberg.com/news/2010-11-01/pimco-s-gross-says-dollar-may-drop-20-on-qe-reuters-reports.html

bellevuebully
2nd November 2010, 07:35 AM
The U.S. dollar may depreciate 20 percent in the next few years following easing measures by the Federal Reserve, Bill Gross, manager of the world’s largest bond fund at Pacific Investment Management Co., said in an interview with Reuters.

Quantitative easing debases the currency on a global basis, and the pace of the dollar’s decline is an important consideration for investors, Gross was cited as saying. In the article dated Nov. 1, Gross didn’t specify which currency the dollar may fall 20 percent against.

Americans should consider getting out of dollar-based assets and seek higher returns in emerging markets, Gross told Reuters.

http://www.bloomberg.com/news/2010-11-01/pimco-s-gross-says-dollar-may-drop-20-on-qe-reuters-reports.html


It's funny how PIMCO had no problems cashing in on the biggest bond bubble of all time, and now all of a sudden have a fiscally responsible view of economics. ??

1970 silver art
4th November 2010, 01:44 AM
As of 4:38 AM U.S. Eastern Time.

USD.............down 0.08 to 76.22.

The USD took out 77 on the downside (thanks to QE2) and it is on its way to breaking 76 on the downside. This is just one of 600 Billion reasons to avoid from having all of your assets in the U.S. dollar.

1970 silver art
4th November 2010, 02:04 AM
Looks like the USD is going to break 76 on the downside before the sun rises..............

USD..........down 0.28 to 76.03 (delayed quote) according to Kitco.com.

1970 silver art
4th November 2010, 02:38 AM
Yep. The USD broke 76 on the downside before the sun came up (in US Eastern Time zone)............

USD........down 0.32 to 75.99 (delayed quote).

1970 silver art
4th November 2010, 03:14 AM
Down Down Down the dollar goes.............Where it stops today nobody knows.............

USD currently down to 75.84 (Kitco.com delayed quote).

1970 silver art
4th November 2010, 06:37 AM
The drop continues.................

USD currently down to 75.74 (delayed quote from Kitco)

1970 silver art
4th November 2010, 06:48 AM
This web site is really good for watching the dollar.
http://www.ino.com/

JUst checked it and saw this ugly number
75.815 -0.666 (-0.86%



Yep the USD has the "mark of the beast" of .666. That is just confirmation that the USD will continue to go down from here.

:ROFL:

BTW Thanks for the link. That link is IMO better than the Kitco site for watching the USD sink because it appears that the ino.com USD quote is real time instead of the 30-min delayed quote on Kitco.

EDIT: I was wrong. The ino.com quote is NOT in real time. It is 30-min delay. I just noticed that. Still good to look at.

1970 silver art
4th November 2010, 06:59 AM
did you click on the blue US Dollar at the top of the page. It takes you to a graph, and that page refreshes every few minutes......
http://quotes.ino.com/chart/?s=NYBOT_DX



Yep. I did click on that. I like that it refreshes every few minutes. Seems that every time it refreshes, it gets uglier and uglier. When the USD plays with the QE2 "bull", then the USD will get the "horns". :D

Neuro
5th November 2010, 01:08 AM
We need a chart!
http://quotes.ino.com/chart/history.gif?s=NYBOT_DX&t=l&w=15&a=50&v=dmax

Seems like we have a rather strong resistance at 74 and then there is another one at 71. I think the 74 may hold for some while, certainly the dollar is crap, but the other currencies aren't exactly rock solid either. I am considering selling some silver below usdx 74.50, cause if the dollar turns around at 74, Ag will be beaten down hard...

Horn
5th November 2010, 07:12 AM
http://www.bestonlinetrades.com/wp-content/uploads/2010/11/usdollar20101103.png

http://etfdailynews.com/blog/2010/11/04/us-dollar-index-at-crucial-long-term-juncture-uup-udn/

1970 silver art
8th November 2010, 03:34 AM
Well Well Well..............The dollar is back in the 77 range.

77.08 according to INO.com (delayed quote).

http://quotes.ino.com/chart/?s=NYBOT_DX

Neuro
9th November 2010, 01:02 AM
Did INO just break down. Can't seemto get any recent USDX charts anywhere...

1970 silver art
12th November 2010, 04:05 AM
USD is currently at 78.034 according to INO.com 30 min. delayed quote. It look like it is trying to claw its way back to 80 before it ultimately loses the war and goes down to 70 and below.

http://quotes.ino.com/chart/?s=NYBOT_DX

Horn
12th November 2010, 06:16 AM
USD is currently at 78.034 according to INO.com 30 min. delayed quote. It look like it is trying to claw its way back to 80 before it ultimately loses the war and goes down to 70 and below.

http://quotes.ino.com/chart/?s=NYBOT_DX




Imagine being some sovereign dual currency nation trying to ride along with those hills & valleys.

Then you can see why the tow lines would be splitting hairs.

gunDriller
12th November 2010, 04:16 PM
USD is currently at 78.034 according to INO.com 30 min. delayed quote. It look like it is trying to claw its way back to 80 before it ultimately loses the war and goes down to 70 and below.

http://quotes.ino.com/chart/?s=NYBOT_DX


i get the feeling that the currency manipulators work hard to hit certain targets. for example when they were pushing silver down back in January February 2010, there was one quick MASSIVE downtick to $16.

i have the feeling that the goal today was to drive the dollar back to 78.

of course there's lots of games they can play - by pushing down the currencies that the USD Index is related to, almost half of it the British Pound.

it's sort of like comparing 2 terminally ill patients in a hospice. i suppose even in that situation, one is stronger than the other.

1970 silver art
12th November 2010, 04:22 PM
USD is currently at 78.034 according to INO.com 30 min. delayed quote. It look like it is trying to claw its way back to 80 before it ultimately loses the war and goes down to 70 and below.

http://quotes.ino.com/chart/?s=NYBOT_DX


i get the feeling that the currency manipulators work hard to hit certain targets. for example when they were pushing silver down back in January February 2010, there was one quick MASSIVE downtick to $16.

i have the feeling that the goal today was to drive the dollar back to 78.

of course there's lots of games they can play - by pushing down the currencies that the USD Index is related to, almost half of it the British Pound.

it's sort of like comparing 2 terminally ill patients in a hospice. i suppose even in that situation, one is stronger than the other.


They might be trying to push it in the 80's range to make the USD look better than it really is but there is only so much that they can do before it all comes crashing down. The manipulators will eventually run out of ammo to keep on propping up the USD. In reality, most of the major countries are devaluing their currencies but we are doing it the fastest. I think that it is possible for the USD to climb into the low 80's range before it takes the next leg down to 70 and below.

bellevuebully
19th November 2010, 07:35 PM
Heard a good one the other day........


The usd is holding up relatively well only because it is the leper with the most fingers. :lol :lol :lol :lol

bellevuebully
20th November 2010, 09:42 PM
It's Saturday midnight. The markets open in 16 hrs.


I'm bellevuebully, and I'm an addict.

1970 silver art
20th November 2010, 09:46 PM
It's Saturday midnight. The markets open in 16 hrs.


I'm bellevuebully, and I'm an addict.


Hello fellow addict welcome to GSUS. My name is 1970 silver art and I am also an addict. ;D

Horn
20th November 2010, 10:09 PM
It's Saturday midnight. The markets open in 16 hrs.


I'm bellevuebully, and I'm an addict.


Step away from the chart, and put the ticker down...

Neuro
20th November 2010, 10:30 PM
It's Saturday midnight. The markets open in 16 hrs.


I'm bellevuebully, and I'm an addict.
Hello bellevuebully!

gunDriller
21st November 2010, 06:31 AM
It's Saturday midnight. The markets open in 16 hrs.


I'm bellevuebully, and I'm an addict.


Hello fellow addict welcome to GSUS. My name is 1970 silver art and I am also an addict. ;D


there are healthy habits and un-healthy habits. i would say your "addiction" is primarily a healthy habit.

but ... if you are an addict, and choose to go the path of recovery, what will be your higher power ? Dog ?

1970 silver art
21st November 2010, 06:40 AM
It's Saturday midnight. The markets open in 16 hrs.


I'm bellevuebully, and I'm an addict.


Hello fellow addict welcome to GSUS. My name is 1970 silver art and I am also an addict. ;D


there are healthy habits and un-healthy habits. i would say your "addiction" is primarily a healthy habit.

but ... if you are an addict, and choose to go the path of recovery, what will be your higher power ? Dog ?


My higher power is the DOG and that will be my path to "recovery" from my addiction of watching the USD. Buying '70's silver art bars is my way of acknowledging the DOG as the higher power and it is a huge part of my path of "recovery" from the "USD watching" addiction. ;D

bellevuebully
21st November 2010, 08:53 PM
Oh yeah....that's it. That's the good stuff. :ROFL:

Back to step one. I feel so dirty.

1970 silver art
21st November 2010, 09:03 PM
Oh yeah....that's it. That's the good stuff. :ROFL:

Back to step one. I feel so dirty.


Darnit Bellevue. You fell off the wagon. Bummer..........It looks like you may have to go back to "USD anonymous". :D Looks like I will also be joining you there since I took a sneak peak at Kitco. :D ;D

bellevuebully
21st November 2010, 09:37 PM
Oh yeah....that's it. That's the good stuff. :ROFL:

Back to step one. I feel so dirty.


Looks like I will also be joining you there since I took a sneak peak at Kitco. :D ;D


Admission is the first step. Good man!!

Have a good nite. Catch you in the morning.

1970 silver art
21st November 2010, 09:44 PM
Oh yeah....that's it. That's the good stuff. :ROFL:

Back to step one. I feel so dirty.


Looks like I will also be joining you there since I took a sneak peak at Kitco. :D ;D


Admission is the first step. Good man!!

Have a good nite. Catch you in the morning.


Ok. Good night Bellevue. Don't look at that USD ticker too long. See you in the morning. :)

gunDriller
22nd November 2010, 06:26 AM
i wouldn't mind if the USD index popped back up to 79 for a day or 2.

tomorrow being Crimex options expiry & everything.

too bad we can't short the TSA.

bellevuebully
5th December 2010, 08:16 AM
Oh yeah....that's it. That's the good stuff. :ROFL:

Back to step one. I feel so dirty.


Darnit Bellevue. You fell off the wagon. Bummer..........It looks like you may have to go back to "USD anonymous". :D Looks like I will also be joining you there since I took a sneak peak at Kitco. :D ;D
7 hrs to go......I'm gett'n all giddy.

Should be an interesting week. Highest daily and weekly close for the "dog" in 30 years. Oh yeah.......

Silver dog.....before and after feeding on the carcass of the USD.

osoab
5th December 2010, 08:50 AM
7 hrs to go......I'm gett'n all giddy.

Should be an interesting week. Highest daily and weekly close for the "dog" in 30 years. Oh yeah.......

Silver dog.....before and after feeding on the carcass of the USD.


We have Benny's 60 minutes interview coming up where he is supposed to say that more QE should not be ruled out.
Everyone has had a weekend to digest it.
The commentary put that as the reason for the late day spike down for the dollar on Friday. That coincided with the late up move of Au and Ag on Friday too.

Libertarian_Guard
5th December 2010, 09:27 AM
We have Benny's 60 minutes interview coming up where he is supposed to say that more QE should not be ruled out.
Everyone has had a weekend to digest it.
The commentary put that as the reason for the late day spike down for the dollar on Friday. That coincided with the late up move of Au and Ag on Friday too.
[/quote]

If this is true, you could file it away as another case of 'insider trading'

Such crimes are not prosecuted. Hence the name 'insider'

osoab
5th December 2010, 09:35 AM
We have Benny's 60 minutes interview coming up where he is supposed to say that more QE should not be ruled out.
Everyone has had a weekend to digest it.
The commentary put that as the reason for the late day spike down for the dollar on Friday. That coincided with the late up move of Au and Ag on Friday too.


If this is true, you could file it away as another case of 'insider trading'

Such crimes are not prosecuted. Hence the name 'insider'


Bernanke Tells Nation This Sunday: More QE Coming (http://www.zerohedge.com/article/bernanke-tells-nation-sunday-more-qe-coming)


For those wondering why the market leaked higher in the last hour, it is because someone got an advance copy of the transcript (or advance notice) that in this Sunday's latest attempt at faux transparency on 60 Minutes, the bearded mutant-cum-supreme genocidal overlord says that more QE is coming. From Reuters: "The euro rose to a session peak against the dollar in late afternoon New York trade on Friday after a report on the CBS website that Federal Reserve Chairman Ben Bernanke did not rule out buying more than $600 billion of bonds in further quantitative easing." It also explains why the euro is back to 1.34, and is right in line with our expectations that the EURUSD is only weak so long as the market realizes that much, much more QE is coming. How much? See the chart below for our ongoing expectation of what the Fed's balance sheet will look like soon. And yes, the $7 dollar jump in gold late in the day may be multiplied 10-20x on Monday after the world realizes that the US economy is as fucked as always.

Neuro
5th December 2010, 11:26 AM
We have Benny's 60 minutes interview coming up where he is supposed to say that more QE should not be ruled out.
Everyone has had a weekend to digest it.
The commentary put that as the reason for the late day spike down for the dollar on Friday. That coincided with the late up move of Au and Ag on Friday too.


If this is true, you could file it away as another case of 'insider trading'

Such crimes are not prosecuted. Hence the name 'insider'


Bernanke Tells Nation
This Sunday: More QE Coming (http://www.zerohedge.com/article/bernanke-tells-nation-sunday-more-qe-coming)


For those wondering why the market leaked higher in the last hour, it is because someone got an advance copy of the transcript (or advance notice) that in this Sunday's latest attempt at
faux transparency on 60 Minutes, the bearded mutant-cum-supreme genocidal overlord says that more QE is coming. From Reuters: "The euro rose to a session peak against the dollar in late afternoon New York trade on Friday after a report on the CBS website that Federal Reserve Chairman Ben Bernanke did not rule out buying more than $600 billion of bonds in further quantitative easing." It also explains why the euro is back to 1.34, and is right in line with our expectations that the EURUSD is only weak so long as the market realizes that much, much more QE is coming. How much? See the chart below for our ongoing expectation of what the Fed's balance sheet will look like soon. And yes, the $7 dollar jump in gold late in the day may be multiplied 10-20x on Monday after the world realizes that the US economy is as f*cked as always.Hmmm $7 x 10 or 20= $70-140 Whoopsie! I doubt it will make that much in a day, but it could be a lot since it is breaking out from a previous high...

osoab
5th December 2010, 02:30 PM
Hmmm $7 x 10 or 20= $70-140 Whoopsie! I doubt it will make that much in a day, but it could be a lot since it is breaking out from a previous high...


Well, we have seen 50 swings on a number of occasions. So a 70 dollar swing would definitely be a possibility. If we see a 140 move, I think swan song will be at hand.

bellevuebully
5th December 2010, 05:17 PM
For us who know what is going on and what to expect, this is not news. However, I feel very bad for those who don't and ESPECIALLY those on a fixed income. Can you imagine how crappy it would be as a pensioner trying to chase a bit of yield in this casino as a means of income/cash flow? Not pretty.

bellevuebully
6th December 2010, 08:23 AM
;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;DNew York Spot Price

MARKET IS OPEN
(Will close in 5 hrs. 53 mins.)
Metals
Date
Time
(EST)
Bid
Ask
Change
Low
High

GOLD
12/06/2010
11:22
1420.30
1421.30
+5.80
+0.41%
1410.40
1422.00

SILVER
12/06/2010
11:22
30.00 30.02
+0.62
+2.11%
29.52
30.03

PLATINUM
12/06/2010
11:21
1724.00
1732.00
-1.00
-0.06%
1713.00
1734.00

PALLADIUM
12/06/2010
11:21
761.00
767.00
-6.00
-0.78%
755.00
770.00

gunDriller
6th December 2010, 12:44 PM
Can you imagine how crappy it would be as a pensioner trying to chase a bit of yield in this casino as a means of income/cash flow?


that would be crappy. unless the pensioner put aside some of those funds in the form of PM savings.

bellevuebully
6th December 2010, 01:58 PM
Can you imagine how crappy it would be as a pensioner trying to chase a bit of yield in this casino as a means of income/cash flow?


that would be crappy. unless the pensioner put aside some of those funds in the form of PM savings.


My pop is a pensioner and he is savy to the pm miners. He is doing quite well, but he is the extreme minority, imo. There are going to be a lot of people who's golden years will turn to bronze. Too bad.

PatColo
1st February 2011, 01:25 PM
quite the recent slide,

uncletonoose
1st February 2011, 01:26 PM
QE2 is working out well!

Libertarian_Guard
1st February 2011, 01:55 PM
Very strange. The recent drop in the USD, which has been a rather big drop at that, was accompanied by a fall in gold & silver prices?

I can't understand it. And I don't think I've seen it before, say in the last 10 years. Something has to give, or else we're into new ground.

ximmy
1st February 2011, 02:11 PM
Right on schedule...

Feb 1 (Reuters) - The Federal Reserve could debate extending its bond-buying program beyond June if U.S. economic data proves weaker than expected, Kansas City Fed President Thomas Hoenig said.

Another round of bond buying "may get discussed" if the numbers look "disappointing," Hoenig told Market News International in an interview published on Tuesday.

Hoenig, an inflation hawk who vocally opposed the Fed's commitment to purchase an additional $600 billion in government bonds, reiterated his call for the central bank to reverse course, according to Market News.

He called for the U.S. central bank to "normalize" policy by shrinking its balance sheet and raising interest rates.

Hoenig has argued the Fed should raise rates to 1 percent and potentially higher depending on the economy's performance.

The Fed has kept interest rates near zero percent since December 2008.

http://www.reuters.com/article/2011/02/01/usa-fed-hoenig-idUSN0112049620110201

PatColo
1st February 2011, 11:08 PM
Very strange. The recent drop in the USD, which has been a rather big drop at that, was accompanied by a fall in gold & silver prices?

I can't understand it. And I don't think I've seen it before, say in the last 10 years. Something has to give, or else we're into new ground.


The metals have been basing/consolidating their Fall gains, but the commodity complex has been making new highs, it's just some other sectors' time to run right now. Foods remain leaders. This is the pause that refreshes for the metals, shaking out the weak hands (speaking futures, not physical holders), the metals are just fueling up the afterburners for the next upleg right now. It's a good thing.

Check these links for updated/current versions of these charts:
USD (http://www.crbtrader.com/data.asp?&page=chart&sym=DXH11&width=600&tblwidth=600)
CRB (http://tfccharts.com/chart/RC/X)

Here's USD again, followed by CRB index, which began a breakout/rally yesterday following through today,

http://gold-silver.us/forum/index.php?action=dlattach;topic=13456.0;attach=598 8;image

bellevuebully
2nd March 2011, 06:34 AM
USD.......76.73

Even with massive uncertainty in the mid-east, the dollar can hardly attract enough buying to get it off the lower trendline. Imo, that does not portend well for the currency.

bellevuebully
2nd March 2011, 07:43 AM
76.59 -0.44