Forex Futures Forum Archive for 01/31/2007

dc CB 20:44 GMT January 31, 2007 Reply   
The fed gives the green light to own stocks, on the last day of the month, in the first month of the year (after a 6 month rally). Portfolios need to be full of the winners.

Equity being eroded by sinking house prices can be replaced by buying paper and watching the value of stocks rise. Just as in a rising housing market, the rising stock market is built on the idea that someone will be willing to pay more tomorrow for what I just bought today...

Vienna GD 19:35 GMT January 31, 2007 Reply   
dow up 115 pts actually after the fed

Vienna GD 19:35 GMT January 31, 2007 Reply   
Last time when "everything" (equities, oil, metals) was soaring was last year in april and may ... shortly before everything went down again.

Vienna GD 19:32 GMT January 31, 2007 Reply   
Oi and $TRANS soaring together ... have you seen that yet?!
Woah ... i'm really speechless!

Vienna GD 18:22 GMT January 31, 2007 Reply   
Took profits ona about half of my st and mt possies ... and again buying orders placed all the way down to 640.
Ready for any gifts from da fedsters!

If the fed announcement - surprisingly - will cause gold to run north, i'll try to jump on the leaving train ... at least one of my bags is empty and ready for new possies, so i can afford to take some risc.

Hong Kong nt 17:47 GMT January 31, 2007 Reply   
GD -- covered short 635 put option, agree to take some profit here, will review after monthly close...

KL KL 17:22 GMT January 31, 2007 Reply   
ab

Yes still around but more focus on trading at the moment. All waiting for FEd decision and waiting to ninja attack based on charts. GL gt

Makassar Alimin 17:11 GMT January 31, 2007 Reply   
Vienna GD 16:39 GMT January 31, 2007

LOL, he must be trading it, watching like a hawk @_@
thanks for the DJI outlook, best of luck

Vienna GD 16:39 GMT January 31, 2007 Reply   
Joke of the day ... guess!!!

US Treasury Secretary Henry Paulson today said he is watching the yen's movements "very, very carefully" ...

hehehehe.

Vienna GD 16:33 GMT January 31, 2007 Reply   
Although $HUI is near intraday highs actually.

Vienna GD 16:31 GMT January 31, 2007 Reply   
nt, what is your strategy towards the FOMC announcement?

I consider to take again some of the table. Again prefer the bird in the hand rather than two in the bush or in the sky.

Vienna GD 16:08 GMT January 31, 2007 Reply   
RIC is always starting late .... have a look at the 30 min chart!

Vienna GD 16:06 GMT January 31, 2007 Reply   
Makassar Alimin 15:54 GMT January 31, 2007
GD, you got something for DJI? got a feeling we should test 12300-12400 again but from where? or is this a run towards 13k?

Alimin ... equities still tricky ... no advice therefore ... if 8.6y cycle is correct then end of 2007/02 should be near the top. But of course it could be earlier or later. BTW also 1998 wasn't the top!
Maybe it's better not to trade em yet. And if - have your stops places and don't take big positions yet.

Vienna GD 16:00 GMT January 31, 2007 Reply   
hk ab 14:31 GMT January 31, 2007
GD//All your predictions are correct.

NO ab ... stock market still goes up ... grrrr.
But the top must be near ... grrrr.

Makassar Alimin 15:54 GMT January 31, 2007 Reply   
GD, you got something for DJI? got a feeling we should test 12300-12400 again but from where? or is this a run towards 13k?

Vienna GD 15:51 GMT January 31, 2007 Reply   
Vienna GD 19:59 GMT January 24, 2007
Now new alltime high for MFN ... now above 9.92 necessary.

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MFN 10.50 ... easy trade.

Vienna GD 15:44 GMT January 31, 2007 Reply   
Now we know why audusd 7700 was an iron floor!

hk ab 15:07 GMT January 31, 2007 Reply   
nt, GD. The PMs don't want to stop?

hk ab 14:47 GMT January 31, 2007 Reply   
that's why it's so quiet......

hk ab 14:46 GMT January 31, 2007 Reply   
BO again.

hk ab 14:42 GMT January 31, 2007 Reply   
so quiet.

hk ab 14:31 GMT January 31, 2007 Reply   
GD//All your predictions are correct.

hk ab 14:17 GMT January 31, 2007 Reply   
If this is the only piece of good news for US, it doesn't make them to exit / partially take the profit off the table in gold and silver.

40 more mins to go and the FED.

Mtl JP 14:11 GMT January 31, 2007 Reply   
revdax, some words of wisdom for your concideration from Cheng Siwei, vice-chairman of the National People’s Congress and an influential figure in Beijing financial circles:

...“There is a bubble going on. Investors should be concerned about the risks,” Mr Cheng said in an interview with the Financial Times.

“But in a bull market, people will invest relatively irrationally. Every investor thinks they can win. But many will end up losing. But that is their risk and their choice.”

He added: “You can’t take administrative measures to change people’s behaviour. The market is based on people’s behaviour. Investors will have to learn their own lessons.” - FT

hk ab 13:50 GMT January 31, 2007 Reply   
KL, GD are you both around?

hk ab 13:38 GMT January 31, 2007 Reply   
AL//if you see that alarm, can you voice out?

hk ab 13:01 GMT January 31, 2007 Reply   
mkt might have neglected the response from Chinese gov't today on stocks and investment.

hk ab 12:39 GMT January 31, 2007 Reply   
GD//we may not know anything about gold but kiwi definitely is suffering from the japs repatriation and US HF just made good use of the chance to add fuel to the bear train.

Tonbridge UK but currently Denver CO AL 12:21 GMT January 31, 2007 Reply   
Vienna GD 07:26 GMT January 31, 2007
hk ab 07:19 GMT January 31, 2007

Or just the fact that the positions are all skewed to the bull side. Feb Gold back through 638 will see long liquidation

Vienna GD 11:04 GMT January 31, 2007 Reply   
Gold acting pretty strange here ...

Yesterday with oil up almost 3 bucks and gas even more - almost no reaction.

Today with euro and gbp suffering ... again almost no reaction.

Vienna GD 07:26 GMT January 31, 2007 Reply   
hk ab 07:19 GMT January 31, 2007
what could make the gold and silver not rising from here? anyone?

Falling oil, falling equities, bearish FOMC result, jpy-crosses selloff, iran-leader exchanged, falling copper, IMF or another CB selling gold, full moon within two days, etc-etc. ... ggggg

Off for work. gl>!

hk ab 07:19 GMT January 31, 2007 Reply   
what could make the gold and silver not rising from here? anyone?

Vienna GD 06:42 GMT January 31, 2007 Reply   
hk ab 22:55 GMT January 30, 2007
Vienna GD 19:23 GMT January 30, 2007
Even $TRANS ignores oil ... and now tell me that this is NOT a rigged market. This is only possible in rigged markets - period.

May i have a further elaboration dear?

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Usually high oil means direction south for the transportation index - not a bit south when oil is up 3 bucks is VERY strange.
it's the first time i saw this happen.

Hong Kong nt 05:30 GMT January 31, 2007 Reply   
hk ab 23:04 GMT January 30, 2007

short sell 635 put, and limit buy 638..fwiw..

Syd 04:03 GMT January 31, 2007 Reply   
Spot gold under slight selling pressure, pares some of its earlier gains on speculative short selling near $648 level, profit-taking, says Hong Kong-based trader. Spot gold last at $645.80/oz, +90 cents on NY close. Notes traders expect gold in $640-$650 range ahead of FOMC meet result today, market expecting Fed rate to remain unchanged, but FOMC statement, 4Q GDP data "will give a clear direction on the dollar."

Syd 01:30 GMT January 31, 2007 Reply   
Australia's Qantas May Face Share Trading Probe


The Australian Securities and Investment Commission said Wednesday it wouldn't confirm or deny whether it is conducting inquiries into trading in Qantas Airways Ltd. (QAN.AU) shares, related to its A$11.1 billion takeover bid by a private equity consortium.

An article in Tuesday's Australian Financial Review said the Australian Securities Exchange has asked the corporate regulator to investigate the heavy trading volumes and share price movements in Qantas shares that surrounded the announcement by the airline Nov. 22 that it had received an approach by Macquarie Bank Ltd. (MBL.AU) and Texas Pacific Group on behalf of a consortium.

The newspaper said ASIC sent letters to the consortium and the airline that asked for the names of all employees aware of the approach before Nov. 22.

A spokeswoman for ASIC told Dow Jones Newswires, in line with normal practice, she couldn't confirm or deny if any inquiries into Qantas share trading are being made.

Syd 00:16 GMT January 31, 2007 Reply   
A switch in expectations of 2007 supply deficit to surplus for zinc continues to "haunt" market, says Standard Bank. Re-adjustment of expectations would constitute switch from "one extreme to the other," with high volume of Chinese net exports November, December 2006 pointing to even higher exports this year. "We believe that these volumes were partly inspired by change in tax regime in China in September 2006 which allowed existing contracts to be honored," Standard says, keeping close watch on Chinese zinc trade data in days ahead. LME 3-month zinc trades at $3,383/ton, down $12 on LME Tuesday kerb bid price.