Pailin's Trading Corner

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redwood
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I should add to the above and

I should add to the above and say the reason I expect NFP to disappoint is because GDP was much much lower than expected.  NFP and GDP are both indicators of job market conditions.  But we'll see.

JustAnotherLurker
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Two charts and I'm gonna bed

Theirs (http://marketweeklyupdate.com/2013/01/28/01282013-market-update/):

Mine:

Spot the difference?

GLTA!!!

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I agree that silver (and

I agree that silver (and gold) will go up further before the spring/summer doldrums kick in.  I am holding an AGQ position based on that as well as my long (since early 2010) positions in SBT.UN and BMG100 but the last 2 are for a much longer time frame and a nod to the insane debt habits of the developed countries.

I am seriously considering parting with some of that longer stuff in February in order to buy it back in summer but I don't have to decide on that yet.

Meantime I trade weekly as well.

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Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.

Rico
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JustAnotherLurker wrote: Turd

JustAnotherLurker wrote:

Turd brought up Harvey Organ's latest on Main:

http://www.tfmetalsreport.com/comment/266034#comment-266034

http://harveyorgan.blogspot.co.uk/

Have any impact on your views for tomorrow?

No.  Those endless Comex dissections that are Organ's stock-in-trade have no predictive value.  It's just numbers in a vacuum.  It's also bizarre that the same folks spending their lives railing against the Comex as a criminal entreprise will take the data it supplies as somehow being the unvarnished, gospel truth (?!).

One final point:  This "unprecedented" number of contracts standing for delivery, that is being touted as having extreme significance, amounts to ~$2.2B.  Does this seem like a figure that is anything more than a rounding error in today's world?

redwood
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Steven Liesman -  that's his

Steven Liesman -  that's his real name?!??  And here I thought all along that this was a spin. Wonder how he's managed with that name all his life.  Let's see, "well Mrs. M.  it's spelled like you know, when I don't tell the truth, er, uhm, like, like, when other kids don't tell the truth.  No, no, no ...... it just means I'm a rotten kid, sigh.

redwood
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OT, but trying to decide

OT, but trying to decide whether to attend the annual APA meeting in San Fran this May.  Only been there for a couple of days once.  19000 members descend on this conference every year.  Hotel won't cut its rates because of the heavy competition in the city for those days. 

Anybody have any thought on San Francisco in May?  Sorry to clutter the board, but its after hours.

redwood
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(No subject)

984857-13595853073482695-Colin-Lokey_ori

JustAnotherLurker
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Er Guys... EUR/USD is on a tear in Asia!

Pigatha is not happy.

Really gonna bed now, only saw it 'cause I crashed my browser...

BTW Sorry for editing over hat tips earlier, very rude, should've checked; nice to know I'm not the only one who thinks I'm an idiot though, thanks.

G'night.

Silverman
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Daily stochastics still pointing up

What we have is daily and weekly stochastics pointing up. 8 hour stochastic still falling. 

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The 8h got a long way down to

The 8h got a long way down to go. The way I see the charts it's time for daily silver to dance a few days with lower BB. Silverman, my daily stoch is already falling. 

GLTA

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Canuck
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Van Tharp and Aapl

Seeing that Van Tharp's name has appeared on this blog, I thought this article was timely.

If you want more, read his book.

http://newsletter.vantharp.com/public/?q=preview_message&fn=Link&t=1&ssid=10920&id=c7g9e85hkgulaea252h3iazspqer3&id2=bx9y02ev8fgvefw6opyw0ai065h1w&subscriber_id=asirxwcohfoxhcjtxpdqgwzvrwdfbaa&messageversion_id=aswntkqdaebtfyaogzruqsrivvpwbeg&delivery_id=aonywkuimjlztnslesmsqosisleobao&tid=3.Kqg.B5HLlg.DHrx.QDFB..f7A5.b..l.A3BP.a.UQm0qQ.UQm0qQ.dvZ7AQ

ivars
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Hoping for this particular

Hoping for this particular fork to hold today. It has worked well last 7 days..

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Any future development must involve changing something which people have never challenged up to the present,and which will not be shown up by an axiomatic formulation.

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Corsair
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Java no good

My company did Java upgrade and now TF site needs some sort of authentication to verify I'm human.

Using iPhone will not be enjoyable.

Expecting sub-31 today with probable target being 200dma

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ivars
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I guess NFP were bad? No, the

I guess NFP were bad? No, the unemployment rate INCREASED as more people search for work again. That will happen for a few months now.

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Any future development must involve changing something which people have never challenged up to the present,and which will not be shown up by an axiomatic formulation.

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redwood
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Lower than expected NFP, but

Lower than expected NFP, but not really badly.  Should help the metals.

Edit:  Whoa, didn't expect a spike like that.  Let's hope it stays.

JustAnotherLurker
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At Least Two Dead After Suicide Bombing At US Embassy In Turkey

At Least Two Dead After Suicide Bombing At US Embassy In Turkey

http://www.businessinsider.com/at-least-two-dead-after-suicide-bombing-at-us-embassy-in-turkey-2013-2

EDIT:

AP (c/o Drudge):

http://hosted.ap.org/dynamic/stories/E/EU_TURKEY_US_EXPLOSION?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-02-01-07-18-16

REUTERS:

http://uk.reuters.com/article/2013/02/01/uk-turkey-usa-explosion-idUKBRE9100I420130201

(BTW THOSE ARTICLES CHANGE/GET UPDATED)

Rico
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Canuck wrote: Seeing that Van

Now, that's how you think about trading! yes

JustAnotherLurker
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Short Gold @ 1672.63 (inc. spread)

Catch me if you can!

DON'T EVER DO THIS IF YOU CAN'T USE A GUARANTEED STOP!!!

ivars
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For time being, it has played

For time being, it has played in hands of PMs, now coming to certain fruition:

1) USA GDP was down -0,1%, indicating more difficult fiscal position tax wise (relative to increases reached by Fiscal cliff solution)
2) Debt ceiling was raised by about 450 billion
3) Unemployment increased to 7,9% ( QE is tied to this number)
4) Americans no longer supported by bank insurance scheme are converting quite a lot of USD in PMs.

This shall provide support for some time until sequester/budget negotiations start in earnest.

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Any future development must involve changing something which people have never challenged up to the present,and which will not be shown up by an axiomatic formulation.

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ivars
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Interesting:

Interesting:

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Any future development must involve changing something which people have never challenged up to the present,and which will not be shown up by an axiomatic formulation.

P.A.M.Dirac

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