sanfrancisco analyst 23:21 GMT April 11, 2006
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One thing for sure, stocks not gonna be feeling pretty for a bit. Projected one last blip yesterday with today beginning the selling, sold heavy today, even transferred money. Has no reflection on the powerdriving US economy, just a due cycle and geo effects warranting it.
sanfrancisco analyst 22:48 GMT April 11, 2006
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Vienna GD 19:48 - Whew. Hard to say eh? Gut says no nuclear weapons used, they'll pulverise the sites, nothing will get out, then they'll plant devices to finish the de-construction just like tearing down a football stadium.
I think the drama is the nuclear imagery, and the wwII style bombing imagery, neither is necessary for the job to get done for the US military in this day and age.
Vienna GD 19:51 GMT April 11, 2006
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$XAU lost 16pts of the intra day high ... doesn't bode well for tomorrow. But could well be that we will see bad deficit numbers ... at least that's what the currencies footprints are telling (out of the buck and back into euro, gbp and aud).
So maybe tomorrow another possibility to go short near the highs ... but who knows, except mr. market.
Vienna GD 19:48 GMT April 11, 2006
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sanfrancisco analyst 17:05 ... an interesting story about the iran issue ... LINK your two cents about that?
syd 19:47 GMT April 11, 2006
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Japan Cos Will Have To Book Sinking Inventory Value-Nikkei
TOKYO (Nikkei)--Corporations should assess their inventory assets using the lower-of-cost-or-market-valuation accounting method, which requires them to report the declining value of inventory as losses in their earnings every year, the Accounting Standards Board of Japan concluded Tuesday, The Nihon Keizai Shimbun reported in its Wednesday morning edition
sanfrancisco analyst 17:05 GMT April 11, 2006
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Sparing us all the "US imperialism" nonsense, what do we traders believe is going to be the course of events with respect to the Iran nuclear issue?
I have this hunch that a military conflict is inevitable, yet I believe it will be over more swiftly than we fear. Chavez will try to ride Iran's momentum and find himself out of power or dead in a hurry. The UN is already not happy with Iran, even though the UN is as corrupt as Iran. I think we are about to see a historic turning of the page with respect to the condition of oil.
$85-$90, then within 3 months $70, then $60 the quarter after. Just my sense so far.
LA XAU 15:21 GMT April 11, 2006
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Crude Oil Futures , CL (Chart update)
The price of crude is struggling with the upper diagonal downtrend line, RSI & MACD are rising. If a breakout is indeed successful the triangle target is ~ 81$
see charts here http://cmd-chart.blogspot.com/
Vienna GD 10:56 GMT April 11, 2006
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correction ... several closed even in the red!
Vienna GD 10:54 GMT April 11, 2006
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Madrid Montreal 09:03 GMT April 11, 2006
any views on silver anyone please ?
My reply --> futures board!
Vienna GD 10:53 GMT April 11, 2006
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Madrid Montreal 09:03 GMT April 11, 2006
any views on silver anyone please ?
Yesterday gold and silver stocks clearly didn't confirm yesterdays huge rise in metals. Several even closed in the green. Today silver is clearly pulling back from the highs. To some degree also gold. But too early to be sure of a top. I went short silver and gold yesterday evening. Also went short in a few stocks. DYOD!
BTW: if interested in financial astrology: near end of april the jupiter-neptun square will end ... this pattern stands for exaggeration (inflation) and confusion. When this pattern started a couple of months ago the metals started this recent strong rise. So maybe we are witnessing the early stages of the end of this period. Again: DYOD ... the tape is all what counts!!!
Tonbridge AL 07:43 GMT April 11, 2006
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sydney gvm 02:37 still looking for the squeeze which is to sell into. Vol as well will get crushed with the long 4 day weekend.
sydney gvm 01:08 GMT April 11, 2006
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Analyst - China will continue to be a massive consumer of commodities for years to come but that doesnt equate to a success story - it is likely to go the way of all other centrally planned economies; in the meantime there will be massive waste, inefficiency and corruption.
sanfrancisco analyst 00:03 GMT April 11, 2006
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China, as it fortifies its socialist framework with capitalistic tools is of course the wild card to watch in the next decade. Who will win, the heart of the individual that ultimately funds the programs that help the disadvantaged, or the irrational ideal of the collective that has never succeeded in doing so?
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