Pailin's Trading Corner

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Fri, Apr 27, 2012 - 12:00am (Reply to #22286)
D E
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BoJ

Left rates same, expanded shenanigans....didn't get to fade the initial jolt, but short did nicely...covered it all...now onto the euro zone...

Fri, Apr 27, 2012 - 12:33am (Reply to #22289)
firstsilver
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re woah, winnie

No doubt Churchill goaded the principals into the Spanish massacre by some evil doing, perhaps as early as in World War I.

It is not yet clear what Churchill did to provoke Nazi atrocities visited upon the Poles.

Time for a gratuitous citation (this from the web page of the Ministry of Public Affairs of the Republic of Poland):

In a speech to Wehrmacht officers on August 22, 1939, Adolf Hitler outlined the tasks assigned to the German army in Poland:

“Our strength lies in our swiftness and our brutality. . . . I am indifferent to what the feeble Western European civilization will have to say about me. I have issued my orders and I will have anyone shot who utters even a word against them. The aim of the war is not to achieve a designated line, but the physical annihilation of the enemy. To this end I have prepared for use, at this time only in the East, my Totenkopf units, and have ordered them to kill (PLEASE NOTE THIS PORTION) men, women, and children of Polish origins or of the Polish mother tongue without mercy and without pity. Only in this way will we attain the living space that we need. Who mentions the extirpation of the Armenians today?”

Ah, but that's the army, not the fly boys, you say.

Gratuitous citation II, from The Atlantic, June 26, 2011:

In August of 1939, Nazi Germany and the Soviet Union signed a non-aggression treaty. One week later, Germany invaded Poland and World War II began. The first attack of the war took place on September 1, 1939, as German aircraft bombarded the Polish town of Wielun, killing nearly 1,200.

I'm pretty sure the 1,200 were not all military. I'm also fairly certain that the British, at the behest of Churchill or others, were not conducting aerial bombing of German civilians in 1939

And, bringing it back to investing, perhaps it is not too great a reach to postulate that Churchill's brain survives in an Arizona cryogenic vault and it is he who is pulling the strings on gold and silver manipulation. Mayhaps he also is meddling in the Euro crisis, again forcing the Germans to do heinous things such as denying much-needed funding to the lesser lights of Euroland.

Or not.

Fri, Apr 27, 2012 - 12:55am
Gold Nugget
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Nice Discussion on the last page

I am a bad boy.

I should have made a copy of the url to pick up the pivots for gold and silver.

If anyone has them please post.

‘Nine times out of ten when I see an attractive woman walking down the street, I turn and take another look. Ten times out of ten she does not turn around to check me out.’
Fri, Apr 27, 2012 - 5:19am
pailin
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Daily Pivot Points

@Gold Nugget - pivots are right inside your Pro platform under Research and Ideas.

Daily XAU/USD
High 1661.40
Low 1641.72
Close 1657.02
R3 1684.72
R2 1673.06
R1 1665.04
Pivot 1653.38
S1 1645.36
S2 1633.70
S3 1625.68
Daily XAG/USD
High 31.323
Low 30.622
Close 31.089
R3 32.101
R2 31.712
R1 31.400
Pivot 31.011
S1 30.699
S2 30.310
S3 29.998
To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Fri, Apr 27, 2012 - 5:25am (Reply to #22290)
D E
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Euro land

Snored & covered @1,3175...a lucky camper on both actions....fading spikes on both yen & euro again...1.3220 & 80.60--65...tempt the fates once more against these lying charlatans... GLTA

Fri, Apr 27, 2012 - 6:44am
Spinny
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Morning gentlemen, I didn't

Morning gentlemen, I didn't have much time yesterday to post any thoughts. Then again, there doesn't seem to be jack happening in the markets anyway. Oh, how I long again for the days of trending markets. I'm not comfortable with much of anything right now.

I didn't like the actions in gold yesterday so I set a stop just above my entry price in ZSL. 11.07 to be exact, my average was 11.03, what was the low for the day you ask, why it was 11.07. I hit the bottom to the penny. Its ok though, I'm glad to be out.

Not sure what to think of the dollar, breakout or fakeout, hard telling.

I thought turd was nuts back when he drew a bowl on the chart and tried to call a bottom in gold, but I'm starting to think he may be on to something. A rounding bottom is a good bottom and the yellow metal is making higher highs. We have a trendline to contend with at around 1660. That will be the real test...

I've gotta give props to CK and others who where calling for a rally based on extreme negative sentiment. I think they may have it right. Everyone and their brother was expecting lower lows in the metals, things that would have pushed silver down by multiple dollars 8 months ago won't budge the price. There just doesn't seem to be any interest/liquidity right now. Either something needs to happen to get shorts to start piling on or here come the longs. All in all, it is an uber boring market right now. Looking for opportunity elsewhere. 100% Cash while hoping this is the bottom for metals for the sake of my physical.

Good trading to all.

What is the biggest public fallacy about market behavior? That markets are supposed to make sense. ~ Richard Dennis
Fri, Apr 27, 2012 - 8:40am (Reply to #22293)
Gold Nugget
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AWESOME

pailin wrote:

@Gold Nugget - pivots are right inside your Pro platform under Research and Ideas.

WOW That is awesome.

All the stuff is right there. daily weekly monthly pivots for everything. Awesome.

Placed my orders. All set now.

If anyone is interested. Get this practice account and work it. Awesome EDUCATION.

All I can say is that you have to do this to figure out what is happening.

The last 2 nights nothing happened. now I am all set.

Dont Cha Love this Speculation. hahaha.

Right now I am watching THE CRASH OF 1929 on PBS TV it is part of the American Experience. You can watch it any time on your computer.

‘Nine times out of ten when I see an attractive woman walking down the street, I turn and take another look. Ten times out of ten she does not turn around to check me out.’
Fri, Apr 27, 2012 - 8:51am
Art Lomax
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Soybeans

Good morning all. Fun week in the grains. Check out the July bean chart. Are we gonna trade $15 today? No one wants to be short over the weekend. I have been friendly the bean market all year, but didn't see this type of rally. Record fund longs so there could be profit talking anytime. (2008 highs were over $16).

China coming to US for old crop beans. This is what happens when Argy, the biggest meal supplier (60% of the world meal trade) has a 25% crop reduction.

Corn just can't seem to get going. Sizable sales to China and the market doesn't move.

$6 July seems like a buying area, but seems like China purchases factored in. Farmers need to sell new crop corn, I would think we see a lot of selling 5.50-5.60 Dec month.

IMO, will take a weather issue to get this market going, otherwise watch out below.

Spread trade came back yesterday, K/Z corn gaining 17c, N/X beans gaining 23c.

Caution trading the beans this summer, could be big like corn last year. Everyone have a great weekend. Thanks to everyone for the commentary. I've been following along on the crude trades.

Fri, Apr 27, 2012 - 8:53am (Reply to #22295)
D E
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Never mind

Dollar down on GDP, PMs & WTI stronger...should have stayed asleep...happier than PIIGS in shit....

Fri, Apr 27, 2012 - 9:00am
Cú Chulainn
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Churchill

I am sympathetic to those who repeat the CW on Churchill as their own opinions, since I was in the same boat not so many years ago.

Anyone who wants to understand the causes of the wars of the last century--how the banksters engineered WWI and its consequences in order to destroy the German economy--owes it to themselves to read the following book:

https://archive.org/details/prophecyfulfille00dela

Delaisi wrote this book in 1911 describing the bankster machinations that were leading to World War--patriotic American had it translated into English in 1915 to keep us out of that war that WC was working to embroil us in, just as he did from 1938-1941.

Churchill was nothing more or less than the tool of City of London banksters; the "great man" approach to history has no bearing on him. Americans who praise him are, sadly, buttboys of our deadliest enemies.

Fri, Apr 27, 2012 - 9:18am
HappyNow
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Hey Spinny.  Looks like it

Hey Spinny. Looks like it took almost 5 days instead of 3 for silver to get back to $31.30 although the 3rd day it did get to $31.27. The Borg don't share their plans with me either, I'm just familiar with them.

I'll likely sell that stuff I bought Monday am today since it's about all I have left in the bucket after buying and selling this week.

Falling Pianos? Go ahead and buy them but sell before they hit the ground.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Fri, Apr 27, 2012 - 9:24am
SilverWealth
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Granny

well now the perception is gold as safe haven, and liquidity juice following GDP report and not risk/off as I had thought on the Spain thing.

GC took out the downtrendline at 1661 so looking to get long, think bottom is in, could change in 5 seconds but this I go on now. 31.35-45 area Silver is trendline, I think it will follow ES up. Miners too. ES now to 1420 and then 1440, this looks like a good wave as dollar is weak and not strong on the Spanish and GDP news. A week ago the Spanish news would have rallied the dollar and crashed the metals. Crazy market, perceptions changing every few days.

Fri, Apr 27, 2012 - 9:28am (Reply to #22301)
redwood
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Exactly.  The news is

Exactly. The news is interpreted against a stronger paradigm. As per the protocol of 2012 Friday am is usally up, no matter what the news is. Trade it if you must. The current uptrend will be very strong and will surprise many. It does argue against day trading, or your timing has to be very good.

Fri, Apr 27, 2012 - 9:30am
worldend666
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The rally I was speculating

The rally I was speculating about 3 days ago looks like it's on the way. I went huge long when I posted here and got my balls squeezed when silver dipped to 30 but thankfully it was over fairly quickly. Let's see how much trouble we have at 32.

Fri, Apr 27, 2012 - 9:32am
Perfidious Albion
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Happy days for the bankers

Us dept goin to hit 16 trill any minute now..

Humble newbie listening and learning. A lemming doesn't last long these days..
Fri, Apr 27, 2012 - 9:40am
pailin
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R1 - BOOM!

:)

Plenty more inventory still on hand to sell...let's see some R2 and R3 please!

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Fri, Apr 27, 2012 - 9:49am
HappyNow
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Congrats Woldend666

Ain't it great when you put your money where your mouth is and it pays :)

Pailin - the pivots continue to be your friend. Please check your inbox.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Fri, Apr 27, 2012 - 10:14am (Reply to #22301)
Spinny
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This guy had a good point.

This guy had a good point. "markets are not about news....they are about sentiment." https://seekingalpha.com/?source=email_macro_view&ifp=0#article/525781-d...

What is the biggest public fallacy about market behavior? That markets are supposed to make sense. ~ Richard Dennis
Fri, Apr 27, 2012 - 10:20am
Rico
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Here's my "TA":  All I see on

Here's my "TA": All I see on the GC daily is a line meandering between ~1625 and ~1675 since early March. I don't see any reason why GC won't just go up a little more, then head back down.

Same thing for Dr. Copper. It's now heading for the same levels it was trading at when all was Peace, Love, and Understanding in Euroland. So now I'm supposed to believe it should be at that price today? If I was a bettin' man (and I am...), I'd say the mid threes will be re-visited. Just waiting for a really phat (think Fat Bastard) short entry on that one...

AUSTIN POWERS FAT BASTARD FART
Fri, Apr 27, 2012 - 10:26am (Reply to #22280)
BlackHawk
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@rtabit, re Euro Trade

Looks like you nailed the EURO trade overnight. Once again, TA in this case pitchfork system, trumps fundamentals and logic. Too bad D E. Using logic too much is my downfall lately.

randomness