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11/02/16 15:00 B US Yellen Testimony con: n/a pre: n/a
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Bulls are not finished yet
'dc' 'CB' 14:31 GMT 02/11/2016
the CNBC crowd led by Jim Cramer are pouring money into the gold market...which is a really really SMALL market in the US, with almost no participation --- as Cramer and CNBC and the Press in general have been extremely negative on Gold.

Even Wall Street Likes Gold Now: Jim Cramer, CNBC Nightly Business Report, Van Eck Global


Bulls are not finished yet
'HK' 'Kwun' 14:26 GMT 02/11/2016
Buy Gold
Entry: 1233 Target: Stop: 1213

enough for today, TP at 1243

e/u
'Hillegom' 'Purk' 14:25 GMT 02/11/2016  - My Profile
If this is a normal day, than we should would, could, wish to see 1,14.

Sell-off
'dc' 'CB' 14:10 GMT 02/11/2016
(SARC ON) below $1.00 a gal gasoline will put an addtional $1000 in the pockets of Consumers this year. This will boost spending.
EconOmists said.

In other NEWZ, with the introduction of Negative 1% interest rates on bank deposts this week, it's estimated that $1000 per year will be deducted from the average Consumer's savings.(SARC OFF)

Sell-off
'dc' 'CB' 14:03 GMT 02/11/2016
The canary in the coalmine of an increasingly desperate energy industry just croaked. With "unusual timing" and at "distressed prices,"

Reuters reports that Phillips 66 - the major US refiner owned by Warren Buffett - dumped crude oil for immediate delivery into Cushing storage tonight. This sparked heavy selling of the front-month WTI contract (to a $26 handle) and crashed the 1st-2nd month spread to 5 year lows.

U.S. Energy Information Administration data on Wednesday showed inventories at the Cushing, Oklahoma delivery hub hit a record 64.7 million barrels last week - just 8 million barrels shy of its theoretical limit - stoking concerns that tanks may overflow in coming weeks.

"Bloodbath" In Black Gold - Buffett's Phillips 66 Dumps Oil In Cushing, Crashes Crude Spreads To 5 Year Lows


cad/jpy LONGS longer term
'Hillegom' 'Purk' 13:41 GMT 02/11/2016  - My Profile
Now 80,33. Starting to built up a position. Risk is like 72-77. Gain is 90-95.
Devide into multiple positions with scaling and bla bla bla.

BREAKING NEWS: U.S. Weekly Jobless Falls
GVI Forex Blog 13:36 GMT 02/11/2016  - My Profile

U.S. Weekly Jobless Claims fall modestly.

<Click on chart for over twelve-year history

BREAKING NEWS: U.S. Weekly Jobless Falls


Sell-off
'Livingston' 'nh' 13:35 GMT 02/11/2016
Oil price caused concern about US banks but now the pressure appears to be coming from continued concern about the EU banks and the abandonment of all hope in Japan -- this sell-off may just have to burn itself out

again look at periphery sovvie bond yields

Bulls are not finished yet
'HK' 'Kwun' 13:35 GMT 02/11/2016
Buy Gold
Entry: 1233 Target: Stop: 1223

buy now

My Thursday Trades
'dc' 'CB' 13:32 GMT 02/11/2016
as noted earlier.

IF Gold dosen't get wacked this week, with Yellen's 2 day 6 hour grilling by lawmakers and the 10Y and the 30Y auction going off on those days...

THEN: CBs have lost control.

Today Trader Yellen faces the Senate Banking Committee, a bit more erudite and more secure in their positions...terms in the Senate 6 years -- the House 2 years, so there will be less political grandstanding. Their main constituency consists of corporations, big banks, and lobbyists, as opposed to the hoi polloi-voter that House Members must face bi-annually.

However, they and their constituents have so far this week taken a big hit to their portfolios, and self-interest was never considered anything but a virtue among this crowd. There is also surely some annoyance that the Presidential primaries are so far showing a strong anti-establishment bend, which can only be fueled by talk of Negative Interest Rates and Market turmoil pointing the finger of failure at Trader Yellen and the Federal Reserves 8 year long policy of Monetary Repression.

Several on the committee were never "friends of the court" either, esp Elizabeth Warren.

BREAKING NEWS
GVI john 13:30 GMT 02/11/2016  - My Profile
U.S. Weekly Jobless Claims
U.S. Data Charts





NEWS ALERT

Initial Claims (000)
269K vs. 281K exp. vs. 285K prev.

TTN: Live News Special Offer

BREAKING NEWS
'GVI 'john 13:27 GMT 02/11/2016  - My Profile
Report Japan refuses to comment on any forex intervention.

-- TTN

BOJ
'Belgrade' 'TD' 13:27 GMT 02/11/2016  - My Profile
JAPAN GOVT SOURCE: NO COMMENT ON IF TOKYO INTERVENED IN CURRENCY MARKET

My Thursday Trades
'Mtl' 'JP' 13:17 GMT 02/11/2016  - My Profile
Why? unless Janet brings in the pablum bottle stock players likely to see more losses
-
choose your side of the line in 12:52

My Thursday Trades
'Mtl' 'JP' 13:10 GMT 02/11/2016  - My Profile
trade idea
GBPusd is a sell on pops against 1.4470

Did you short EURO? See you at 1.1450
HK RF@ 13:10 GMT 02/11/2016
.

My Thursday Trades
'GVI 'john 13:06 GMT 02/11/2016  - My Profile
QE4? Why?

My Thursday Trades
'GVI 'john 13:04 GMT 02/11/2016  - My Profile
10-yr 1.5377% What do they know?

My Thursday Trades
'GVI 'john 13:03 GMT 02/11/2016  - My Profile
I did not think the Yellen testimony would mean much today, but clearly it will. Her prepared text usually will not change, but she MIGHT plant a question with the committee Chair. It appears that happens occasionally so she can comment on today's developments. She can't be comfortable with LT U.S. rates falling like this today. Problem is I don't see anything in the U.S. triggering today's developments. Also I don't see how the U.S. can respond.

Keep an eye on weekly Jobless today to see if it continues to rise.

Exclusive: Will the Bank of Japan Intervene in USDJPY?
GVI Forex Blog 13:01 GMT 02/11/2016  - My Profile

 

With USDJPY having fallen over 8% to a low today at 110.97 vs. a 121.11 spike high set less than two weeks ago following the surprise BoJ decision to cut rates to negative, the market will be on high alert for any hints of intervention. In fact, USDJPY just spiked higher following reports that the BoJ was checking forex rates. By itself this means little as all central banks have access to electronic platforms so it is a warning in what will be a battle to keep USDJPY above 110. I would be surprised if the Japanese central bank was not already intervening covertly or through surrogates to try and offset some of the safe haven flows into the JPY.

Exclusive: Will the Bank of Japan Intervene in USDJPY?


My Thursday Trades
'Mtl' 'JP' 12:52 GMT 02/11/2016  - My Profile


a line to bet on
and on yellen

BOJ
QC Mailman 12:49 GMT 02/11/2016
One of the few occasions the BOJ rumor has benefited my long USD/JPY trades. Almost taken out by the market but BOJ to the rescue!

BOJ is sometimes a good friend. :)

Meanwhile, I think also we may have found a new bottom for the day. 4HR charts extremely oversold so the BOJ thing made the price off its o/s territory.

My Thursday Trades
'Mtl' 'JP' 12:47 GMT 02/11/2016  - My Profile
john 12:30 do u hope she announces QE4 ?

My Thursday Trades
'Mtl' 'JP' 12:43 GMT 02/11/2016  - My Profile
Swedish central bank at minus 0.5% this morning

Very Bullish
'HK' 'Kwun' 12:38 GMT 02/11/2016
Buy Gold
Entry: 1223 Target: Stop: 1213

TP at 1238, chase back all

My Thursday Trades
'Livingston' 'nh' 12:35 GMT 02/11/2016
John - AS you mentioned yesterday Yellen is playing both sides of the street so now she's caught in a crossfire - FEAR trade in treasurys -- might be a good time to push some of the holdings back onto the Street

Take a look at the periphery bonds in EU -- hmm

BOJ
HK RF@ 12:35 GMT 02/11/2016


JPY

Cold water on the head of speculators.

Today one may not expect new lows; much more that Tech. do not support it.

My Thursday Trades
'GVI 'john 12:30 GMT 02/11/2016  - My Profile
Not sure of the low, but I have seen a 10-yr yield quote of 1.5580%, last 1.591%. Will Yellen react, or at least say something today?

BOJ
GVI Jay 12:26 GMT 02/11/2016  - My Profile
07:23USD/JPY (JP) JPY currency weakens above 112 on rumors BOJ checking rates

- Source TradeTheNews.com

BOJ
'Mtl' 'JP' 12:25 GMT 02/11/2016  - My Profile
price gap can be deadly on a stop

BOJ
hk ab 12:23 GMT 02/11/2016
finally, they declare the war...... Good opportunity for speculators.

USD sell off PART II
nw kw 12:15 GMT 02/11/2016
chf/jpy tanking support?

EURUSD 11375 confirmed
Amman wfakhoury 12:13 GMT 02/11/2016
11375 confirmed
11330 return


The only one in the world who confirms the next level



USD sell off PART II
Paris ib 12:12 GMT 02/11/2016  - My Profile
Someone saw this coming.

Russian gold reserves


USD sell off PART II
Paris ib 12:10 GMT 02/11/2016  - My Profile
Theme: anything BUT the USD. And we don't even have panic yet.

GOLD now up 3.23 percent on the day.

Russia might have seen the Rouble trashed but the Russian Central Bank was a huge GOLD buyer last year.

The deviants might not have all the cards.

1230 strong Res. so watch out.
nw kw 12:06 GMT 02/11/2016
sand man cant find gold what next fars is a fars.

1230 strong Res. so watch out.
nw kw 11:55 GMT 02/11/2016
ya right a h

1230 strong Res. so watch out.
nw kw 11:52 GMT 02/11/2016
out for your to slow 855

1230 strong Res. so watch out.
nw kw 11:51 GMT 02/11/2016
im waiting

1230 strong Res. so watch out.
nw kw 11:50 GMT 02/11/2016
rf add time 853 next r is whut?

MARGIN CALL - THE BIG SHORT
PAR 11:45 GMT 02/11/2016
More margin call forced liquidation coming . If we dont have a bank confirmation by noon your positions will be
LIQUIDATED .

1230 strong Res. so watch out.
nw kw 11:45 GMT 02/11/2016
852 keep on gbp do you no why?

1230 strong Res. so watch out.
nw kw 11:41 GMT 02/11/2016
ill take that long xaugbp 851. looking to brake up or it is pop

YELLEN
PAR 11:38 GMT 02/11/2016
If you cannot CONVINCE > CONFUSE.

1230 strong Res. so watch out.
nw kw 11:36 GMT 02/11/2016
so slam eur/gbp long

1230 strong Res. so watch out.
HK RF@ 11:35 GMT 02/11/2016


And with all the noise around gold. 5Wklysma, didn't cross yet the 65 one.

Uptrend is not yet confirmed by those 2 weekly sma.

1230 strong Res. so watch out.
HK RF@ 11:30 GMT 02/11/2016
.

USD/JPY
HK RF@ 11:27 GMT 02/11/2016


Today low met an incredible support on medium/long term levels.
Worth keeping an open eye.


Very Bullish
HK Kwun 11:22 GMT 02/11/2016
Buy Gold
Entry: 1223 Target: Stop: 1213

now is 1227, right timing again

USD sell off PART II
hk ab 11:20 GMT 02/11/2016
I would worry those bangsters who shorted artificially from 1600-1700 to close their positions rather.......

This has to be a big show and big level to watch.


Next Page





Day Two Of Fed Yellen Congressional Testimony On Economy


MAJOR ITEMS THIS WEEK (GMT)

11-Feb Thursday
15:00 US- Yellen Testifies
12-Feb Friday
13:30 US- Retail Sales



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