Fast Market = Fast Update

259
Thu, Oct 27, 2011 - 10:39am

No time for dillydallying today. Things are rolling so let's get right to it.

Let's start with our two base commodities as the PMs are definitely drawing some strength from them. As I type, Dec11 crude is up $2.41 at $92.61. DrC is charging higher again, too.

These two have given a boost to silver which is finally trading back above $34.

Gold is lagging just a bit but the chart suggests that it won't be lagging much longer.

That's all for now. I'll have a more detailed update after the close. TF

1:10 pm EDT UPDATE:

As this epic drop in the POSX continues, look for even more downside tomorrow. As noted in the post from later yesterday, once 76 gave way, The Pig looked to fall into the abyss. As you can see on the chart below, 74 looks likely as a short-term bottom.

Dropping to 74 tomorrow or next week would likely be the impetus for gold at 1780 and silver at 37. TF

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GoldenTurdsGoldenTurds
Oct 31, 2011 - 4:07pm

spy puts

My SPY put up 24% today since Thursday. I should have sold today, but the bad news just keeps coming on ZH.

Thanks Turds for all your efforts!!

Bobbejaanbackseatdriver
Oct 28, 2011 - 12:21am

@BSD

Quote:
How lucky are we ;)
Too True, Squire, Too True!!
backseatdriver
Oct 28, 2011 - 12:09am

Bobbejaan

Wow, that is awesome. You definitely have a keeper. My wife is on board in full as well. How lucky are we ;)

BSD

BobbejaanMaryann
Oct 27, 2011 - 11:50pm

Quote:Ok, Cpn, Shill, and all

Quote:
Ok, Cpn, Shill, and all the rest of you (except maybe Uncle)....all I can say is your presentation skills just must be off because there are plenty of us females (I'm not blonde but I'm sure there are plenty who are) who do get it and if we don't, well, we just need education.....
I cannot tell a lie, I did NOT chop down the cherry tree .... but my wife WAS buying silver & telling me it was WAY too cheap for several years BEFORE I became fully enlightened as to its potential for our family's long term security.

.

It's a fair cop, Guv'ner !

Monedasdabrini
Oct 27, 2011 - 11:48pm

@ dabrini - my Pd dreams are over ?

Thanks to all who posted on Cold Fusion ! Palladium still has plenty of uses and is hanging in there and is rare ! Monedas 2011 I bought Pd years ago for not much over $100 per ounce, so can't complain, but I was hoping to make it big and buy Rhode Island then move every one off !

lakemike49Shill
Oct 27, 2011 - 11:16pm

delete

sorry i could not finish my thought.

I don't know how to delete

Eric Original
Oct 27, 2011 - 10:54pm

Yeah, right place, almost..

Great job overall. You put that together? Nice! I just assumed you copied off the web, silly me.

Not sure where you got the fishing part. As far as I know those guys were definitely looking for the shiny. Oh, and they made the discovery in 1896. It took a while for word to get out from such remote parts and the stampede didn't really get huge until 1898.

Yeah, I'm kind of a Klondike geek. My favorite books on it are by the Berton's. One by Pierre on the gold rush proper, and one by his mother Laura on the years following.

https://en.wikipedia.org/wiki/Klondike_Gold_Rush

I wouldn't say just "Klondike" as it wasn't a proper place name, just a name of a river in the area. The area as a whole is generally referred as "the Klondike". You might say "the Klondike, Yukon Territory, Canada"

OK, I'll stop nitpicking now. You did a great job.

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Oct 27, 2011 - 10:38pm

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Oct 27, 2011 - 10:36pm

Uncle Fester

Thanks. All of you pretty much amaze me at times with the various quick and accurate responses.

I tried sneaking your date in there but the time limit thing kicked in.

redwood
Oct 27, 2011 - 10:35pm

Econ Disaster

That video is hilarious....but I think you're asking for trouble. Truth is many Canadians don't even know stuff about Canada, like who the first prime minister was or being able to name the provinces. The U.S. and Canada perhaps somewhat less, have been badly dumbed down. However Canada is quickly catching up to its neighbor.

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