What To Believe?

Well don't believe jobs are on the rebound, until this chart trends up only paychecks from the government are being cut. Webster's 22nd Century edition will have the following entry: oxymoron (plural oxymora (Greek plural) ... [ex.] " Jobless recovery".

Coprophagia is the consumption of feces, from the Greek κόπρος copros ("feces") and φαγεῖν phagein ("to eat"). Many animal species practice coprophagia as a matter of course; other species do not normally consume feces but may do so under unusual conditions. I guess that mean US.

Rules Engine for Current Markets

U - OTC:STHJF

news link

If even some of this comes to pass ...


Drop this string (bold) into Google Finance if you want to see the sector.

AMEX:DNN TSE:UEX ETR:EUX TSE:FSY ASX:ERA PINK:PALAY TSE:MGA TSE:UUU PINK:LMRXF NASDAQ:URRE OTC:STHJF


- Strathmore has approximately 163 million pounds of uranium in the ground in historic and 43-101 qualified resources.

- These are the two largest uranium mining districts in the United States, have long histories of development and production, and many unmined pounds in the ground.

- Its business strategy is to monetize these non-core assets by sale or joint-venture to other uranium exploration and development companies.

TBT, UNG, /YI - closed for the year

I shut down all options and futures except UUP and /YG. /YI had a small loss, no time to chase charts tonight.



I pulled the USDCAD position with a small gain - more to test out closing order in thinkorswims API.

USDCAD - OIL

EURJPY has been a good weather meter for the S&P, USCAD (I think) for /QM is similar but make more sense fundamentally. After reading the Farmer's Almanac I looked at /HO. (/HO : USC/CAD) This look like a good place to put tougher (S Term) delta hedge trades in the new year. If the coil in the USDCAD breaks down odds are the effect on /HO will overshoot to the upside. If the Almanac is correct crappy cold weather in the mid section of the US will help work off the current (high) inventories.

USDX

Total BS, however even w/ total manipulation a round leg is forming. How long will foreign CB(s) wait. Who cares just scalp the hell out of the GDXJ (MAR opts) and pull out what you can.





My bet is new year - old trend and down it goes. TBT long calls are all positive now. /NQ, UNG, USDCHF opts. all deep in the black.

Twenty Economic Models Explained

SOCIALISM
You have 2 cows.
You give one to your neighbour.

COMMUNISM
You have 2 cows.
The State takes both and gives you some milk.

FASCISM
You have 2 cows.
The State takes both and sells you some milk.

NAZISM
You have 2 cows.
The State takes both and shoots you.

BUREAUCRATISM
You have 2 cows.
The State takes both, shoots one, milks the other, and then throws the milk away.

TRADITIONAL CAPITALISM
You have two cows.
You sell one and buy a bull.
Your herd multiplies, and the economy grows.
You sell them and retire on the income.

SURREALISM
You have two giraffes.
The government requires you to take harmonica lessons.

AN AMERICAN CORPORATION
You have two cows.
You sell one, and force the other to produce the milk of four cows.
Later, you hire a consultant to analyse why the cow has dropped dead.

ROYAL BANK OF SCOTLAND VENTURE CAPITALISM
You have two cows.
You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute
debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows.
The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who
sells the rights to all seven cows back to your listed company.
The annual report says the company owns eight cows, with an option on one more.
You sell one cow to buy a new president of the United States, leaving you with nine cows.
No balance sheet provided with the release.
The public then buys your bull.

A FRENCH CORPORATION
You have two cows.
You go on strike, organize a riot, and block the roads, because you want three cows.

A JAPANESE CORPORATION
You have two cows.
You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk.
You then create a clever cow cartoon image called 'Cowkimon' and market it worldwide.

A GERMAN CORPORATION
You have two cows.
You re-engineer them so they live for 100 years, eat once a month, and milk themselves.

AN ITALIAN CORPORATION
You have two cows, but you don't know where they are.
You decide to have lunch.

A RUSSIAN CORPORATION
You have two cows.
You count them and learn you have five cows.
You count them again and learn you have 42 cows.
You count them again and learn you have 2 cows.
You stop counting cows and open another bottle of vodka.

A SWISS CORPORATION
You have 5000 cows. None of them belong to you.
You charge the owners for storing them.

A CHINESE CORPORATION
You have two cows.
You have 300 people milking them.
You claim that you have full employment, and high bovine productivity.
You arrest the newsman who reported the real situation.

AN INDIAN CORPORATION
You have two cows.
You worship them.

A BRITISH CORPORATION
You have two cows.
Both are mad.

AN IRAQI CORPORATION
Everyone thinks you have lots of cows.
You tell them that you have none.
No-one believes you, so they bomb the crap out of you and invade your country.
You still have no cows, but at least you are now a Democracy.

AN AUSTRALIAN CORPORATION
You have two cows.
Business seems pretty good.
You close the office and go for a few beers to celebrate.

A NEW ZEALAND CORPORATION
You have two cows.
The one on the left looks very attractive.

AU

The bid is getting hit hard for the Asian session, could pick up a few bucks if it holds up to 3AMCT.

USDCHF - pattern

If we were not in the lead-up to a long holiday - this pattern would be something to get excited about (a clear reversal). I've got a small spec. short (S Term) as a feeler.

This is why I dig Max Keiser, I've read his patten filing (several times), too bad he sold out to an unnamed bank. It's not a lost cause, there are other ways that would not be in conflict with the 'virtual specialist', one area, still open is the notion of transient value neutral currencies- more on that one latter ...

video

Health Care Bill

We are looking a Sen. Harry Reid's claim - "reduce the federal budget deficit by $132 billion over its first decade". That sounds good to me but I want to see the private insurers pay the premium, not because I want to punish them. No, they have the collective purchasing power (leverage), not the leverage that we know in the 21st century (syn. debt) but the classical leverage used in the beginning of the 20th century to operate markets. I want proof that they are smart enough to see this and act accordingly - Why? Simply because they have say in what gets delivered, they pay out on life, quantitatively and qualitatively. We should all want to know that the best minds are in this business, they hold the purse string of how we come into this world and how we exit, it's that simple.

Wishful Thinking

I also want to see price elasticity in the main ingredients (drugs), oops - "Drugmakers such as New York-based Pfizer Inc. escaped some of the most profit-endangering provisions such as a proposed loosening of the rules on importing cheaper medicines from Canada and other nations"

I hope we can see trivial medical technologies abbolished so our pool of talent will focus on prevention and treatment of diseases like Parkinson, autisum, ... that afflict significant portions of our productive population. Nope - "The bill dropped plans for the tax on cosmetic surgery, which had been dubbed the “Bo-tax,” in favor of a 10 percent levy on indoor tanning salons."

I hope your pissed-off, you've just been sold, and now they are going to send the sucker (us) away feeling good about it with the claim from above:

"reduce the federal budget deficit by $132 billion over its first decade".

Two series are looked at one includes the 10 year projected deficit and the second removes the 10 yr. project and looks at Reid's claim as a percent of reduction YOY. Series 2 is absurdly conservative because it assumes no expansion but illustrates the point.



This is why we (USA) are baked, anymore porn surfing moron, with a 3rd grade degree has access to the tools and background to see this.

Oops we have (2) different scales - I can't see Reid's contribution, that's because the ratio of the two is 0.000994725. It may be the case that Reid does not understand orders of magnitude - that sucks he is a US Senator.

On to Series 2: Look closely (it's all in the zeros)



Opps again - that's a ratio: 0.00010671, hum what does that look like ...




check out the scale that 1/500, and we get in return what, no rules to increase competition in the price of drug, and fat youth chasing cougars hedons get a pass? Nothing for the sick, nothing for the poor and paid for by the middle class who won't take 5 minutes with a spreadsheet. Come-on ......


ref:

Misc

That's the best I could eek out on the day. Unless something happens over the weekend I'm done until the end of holidays. I'll focus on the software and 'fear index'.

USDX

USDX

The overlay on the price(line) is the RSI, if you look at the floor (RSI) on (H1) it looks solid. LRSI gamma (.7) has a clean signal. I'm staying away from the long side of the USDX in the FX, don't understand enough about how the EU works to feel comfortable. Instead I'll wait until after the holiday and see what the world looks like then. I did open a small position USDCHF(short) and will look to avg. into the short. If something major develops over the next few days I readjust.

In case this turns into something bigger I'm using options (UUP) to make catch the move and protect the USDCHF position.

the weight for the USDX are :
double weight[]={-0.576,0.136,-0.119,0.091,0.042,0.036};

EUR is the largest chunk, I'll put up a pie chart next post.

AG

The demand looks stable (to me) momentum is falling off but that could just be seasonal. I did the scalp on the bounce at the end of US eq. mkt. I'm averaging into more physical (slowly) looking for a good price down to 16.86.

AU

Took the (S Term) profs. from the chart, then the price dropped and the (M Term) was not fired. I did scalp the bottom at the close of the US stock market, nothing technical to point to just watching the price action it seem overdone. The scalp made the day worth the effort (AU + AG).

Fear Index (1.0.0)

This is a feeble attempt to look at Google's search trends and James Turk's Fear Index, it will get better over time. The goal is to seem if there is some useful way to detect (measure) the mania phase (3) of bull markets using internet search... Probably is but needs a lot more work ... The crappy Y labels brought to you by the ass hats at Microsoft - seem that Excel (2003) can't deal with modern screen resolution.

Money Bomb

The Arab states of the Gulf region have agreed to launch a single currency modelled on the euro, hoping to blaze a trail towards a pan-Arab monetary union swelling to the ancient borders of the Ummayad Caliphate.

“The Gulf monetary union pact has come into effect,” said Kuwait’s finance minister, Mustafa al-Shamali, speaking at a Gulf Co-operation Council (GCC) summit in Kuwait.

The move will give the hyper-rich club of oil exporters a petro-currency of their own, greatly increasing their influence in the global exchange and capital markets and potentially displacing the US dollar as the pricing currency for oil contracts. Between them they amount to regional superpower with a GDP of $1.2 trillion (£739bn), some 40% of the world’s proven oil reserves, and financial clout equal to that of China.

link

east enough to detect

"Hyperinflation is a currency event, not an economic event. When it occurs it will be super bullish on general equities in the currency of the entity whose mismanagement caused it in the first place."

Respectfully,
Jim

Poo !{$}

---

mis - update

options flat.








Remember to look at this on a relative % basis (example) forget the price when make an allocation decision.

USDJPY

Waiting for the USDX to resolve before setting up the Asian/Sino trade

USDCAD

Patience ... I'm staying away from the AUDUSD - AG has supply problems, COMEX problems ... (makes trading the (L Term) all the better).

USDCHF

Testing (spec) (L Term) pos. (adding) - the USDX it getting close to tech. piv. levels. Looking to set-up (L term) pos. on USDCHF and USDCAD

EURUSD

(S M L term) - nothing - scalp it on technicals or news or just stay away./

EURJPY

Wach this one closely - it has predicted recent US activity, not enough information in the price to make it worth the risk at this point. If the (m) line is broken will take a look then.

AG - updated

Wait to build into a (M term) pos. testing with a spec. pos. and will see how that works out first. Once the trend conf. line is broken and tested will start building into the pos. (M-L Term) AG has the best potential.

AU (S Term) (L Term)

going to start building (M term) pos. , (S Term) prof. will be taken frequently to protect the (M term) pos.

going to bed

Caught the initial pop - I'm beat going to bed banked the profits and letting the initial positions run.

Shutting down the AU trade (tiny loss $5), too flat, FOMC mtng. tomorrow so I may need to protect AG trade on the short side if price is bombed.

I - blip up

Time to get a subscription to ShadowStats, watching to see if (when) the trend develops to try and get a bead on the slope of attack.

/YG screen

I'll take a look at the volume around 7:00CTP and see if I won/lost ...

AU (S Term)

Going to try for short term profit based on the Asian drift - short term trade is based only on US PPI reaction.

Pressure Gauge(s)

Contrast the up pressure of the USDCAD (LRSI) to the down pressure of the USDCHF (and how this resolve in price).

AU Supply

1,325,639,982 (Chna men/woman) - they all want cellphones and compuers ...

USDCAD (L term) - Coil

Big zit waiting to be popped



No USDX overlay (yet) EURUSD is the largest weight, so this will have to do (for now).

Misc. possible divergence (con't)

Crap forgot to add this chart (USDX) - the point of last post - USDX (up) AU/AG/QM (trying to form up trend)

see

Misc. possible divergence

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