G0ldfinger Posted September 16, 2008 Author Report Share Posted September 16, 2008 SMACKDOWN! Just take delivery and pray. ETFs/ETCs not looking good. Paper/forward markets might be next. Link to comment Share on other sites More sharing options...
romans holiday Posted September 16, 2008 Report Share Posted September 16, 2008 The financial crisis is even evident when watching Match of the Day on saturday night TV! West Ham Utd's sponsor (XL airlines) bust Man Utd's sponsor (AIG) will be bust by the weekend Liverpool's new stadium postponed due to "credit crunch" World is gonna be a different place... for you and for me and the entire human race [cue music] Link to comment Share on other sites More sharing options...
romans holiday Posted September 16, 2008 Report Share Posted September 16, 2008 Just take delivery and pray. ETFs/ETCs not looking good. Paper/forward markets might be next. I am so glad I am ignorant of all those UFO things. Link to comment Share on other sites More sharing options...
romans holiday Posted September 16, 2008 Report Share Posted September 16, 2008 Will the Fed cut tomorrow? I do not think they will. They will not want to look like they are panicking. Link to comment Share on other sites More sharing options...
wrongmove Posted September 16, 2008 Report Share Posted September 16, 2008 Will the Fed cut tomorrow? I do not think they will. They will not want to look like they are panicking. I can almost guarentee that the FED will not cut tomorrow. The decision is today! Link to comment Share on other sites More sharing options...
romans holiday Posted September 16, 2008 Report Share Posted September 16, 2008 Now that's confusing. Link to comment Share on other sites More sharing options...
dietcolaaddict Posted September 16, 2008 Report Share Posted September 16, 2008 Guys and Gals of the GEI gold thread....... According to HPC, we are now officially "Gold Purists" and not "Gold Bugs". Has our status risen these last few days? Link to comment Share on other sites More sharing options...
dom Posted September 16, 2008 Report Share Posted September 16, 2008 Will the ten year T-note break 120 or should I short it now? Link to comment Share on other sites More sharing options...
drbubb Posted September 16, 2008 Report Share Posted September 16, 2008 Meantime, VIX and VXO are over 30- levels that are often associated with lows VIX: 33.41 Change: +1.71 Open: 31.70 High: 33.68 Low: 31.70 Percent Change: +5.39% VXO: 37.40 Change: +3.79 Open: 36.59 High: 36.84 Low: 36.59 Percent Change: +11.28% /see: http://www.greenenergyinvestors.com/index.php?showtopic=4141 Link to comment Share on other sites More sharing options...
marmite Posted September 16, 2008 Report Share Posted September 16, 2008 Guys and Gals of the GEI gold thread....... According to HPC, we are now officially "Gold Purists" and not "Gold Bugs". Has our status risen these last few days? Funny regarding the " Gold Purists " quote Scary as sh*t regarding AIG Link to comment Share on other sites More sharing options...
dom Posted September 16, 2008 Report Share Posted September 16, 2008 Guys and Gals of the GEI gold thread....... According to HPC, we are now officially "Gold Purists" and not "Gold Bugs". Has our status risen these last few days? ETFS’ physically-backed firms Metal Securities and Gold Bullion Securities, and Shell-backed Oil Securities, are unaffected by AIG’s problems, with ETFS reporting active markets in all of them. Link to comment Share on other sites More sharing options...
marmite Posted September 16, 2008 Report Share Posted September 16, 2008 ETFS’ physically-backed firms Metal Securities and Gold Bullion Securities, and Shell-backed Oil Securities, are unaffected by AIG’s problems, with ETFS reporting active markets in all of them. Paper Promises Take your chances Link to comment Share on other sites More sharing options...
LauraB Posted September 16, 2008 Report Share Posted September 16, 2008 Don't you just love a slow & intermittent net conn. -- Damn it!!!! Link to comment Share on other sites More sharing options...
LauraB Posted September 16, 2008 Report Share Posted September 16, 2008 My faith is in Cgnao & I'll wring his neck if he is wrong & yes, I do know where he is ...................... I really must cut back on this wine consumption. So if anyone has any ideas on another more worthwhile path in a physical lifetime i would be pleased to hear it. Thank you Link to comment Share on other sites More sharing options...
narco Posted September 16, 2008 Report Share Posted September 16, 2008 Ignition? Link to comment Share on other sites More sharing options...
LauraB Posted September 16, 2008 Report Share Posted September 16, 2008 Ignition? by spark or compression? Link to comment Share on other sites More sharing options...
headmelter Posted September 16, 2008 Report Share Posted September 16, 2008 Ignition? Where can I get info on how to read and understand these bl00dy charts people keep posting. Link to comment Share on other sites More sharing options...
kernull Posted September 16, 2008 Report Share Posted September 16, 2008 Will the ten year T-note break 120 or should I short it now? same question here. i would be comfortable shorting if we top in the dollar or bottom in the stock market and none of this is yet confirmed Link to comment Share on other sites More sharing options...
Gatesy Posted September 16, 2008 Report Share Posted September 16, 2008 Where can I get info on how to read and understand these bl00dy charts people keep posting. Nice one HM I needed a chuckle today. They're not the easiest are they. I love a chart unaccompanied by any explanation.. I think this one is suggesting that it's getting very expensive to borrow gold (for the purposes of shorting). Proabably cos the owners are more keen to keep hold of it or want more paper compensation to lend it now that things are looking more and more like a pikey's picnic. Link to comment Share on other sites More sharing options...
G0ldfinger Posted September 16, 2008 Author Report Share Posted September 16, 2008 Ignition? Good point. This should be watched. Link to comment Share on other sites More sharing options...
electroweak Posted September 16, 2008 Report Share Posted September 16, 2008 Just made a large (for me) gold purchase from Coininvest. Have to admit i was crapping myself a bit having huge amounts of cash flying round the banking system when it's in this parlous state. I have also been watching the dealer commission rise steadily from ~GBP350 to over GBP410 and now about GBP400 per kilo. I just hope the shipment makes it... Link to comment Share on other sites More sharing options...
dom Posted September 16, 2008 Report Share Posted September 16, 2008 same question here. i would be comfortable shorting if we top in the dollar or bottom in the stock market and none of this is yet confirmed There is going to be at least one more big institutional implosion. So it might be wise to wait. However, if you've got enough in your margin account then now is as good a time as any to short. Link to comment Share on other sites More sharing options...
Errol Posted September 16, 2008 Report Share Posted September 16, 2008 Fed rates kept on hold. Link to comment Share on other sites More sharing options...
Dispassion Posted September 16, 2008 Report Share Posted September 16, 2008 http://www.federalreserve.gov/newsevents/p...y/20080916a.htm Interesting, I don't think the markets are going to like this! Link to comment Share on other sites More sharing options...
unclemonty Posted September 16, 2008 Report Share Posted September 16, 2008 I was watching news night yesterday and they were talking about all of the banking failures and said this is directly comparable to the depression, wow! It was everything we have been talking about for years rolled in to one sentence. Whilst this is clearly a pivotal moment, I really expected some big moves on gold yesterday, but alas (and again!) it hasn't happened. The fall out of this appears exponential and yet so far nothing... What will be the catalyst that sends this into an uncontainable downward spiral and gold soaring, the demise of AIG? I am still amazed they have managed to keep the wheels on MBIA and AMBAC, surely these boys are going to go pop soon. Why has there been so little noise about the monoliners, are they receiving undisclosed assistance? Dazed and confused... Monolines are either going down the good bank/bad bank route (with CDS/CDO counterparties taking a hit) or mothballing operations for 2-5 years until (they hope) this crisis has blown over. As they only have to pay timely principal and interest on debt they have insured, they should be able to limp along for a good few years. Unless the US economy tanks big time (e.g. a repeat of the last 12 months - increasingly a possibility), in which case they will breach regulatory capital limits, get taken over by the NY state regulator and prompt a firesale of assets with onward impact on bank's CDS/CDO mark to markets (both on monoline collateral and their other collateral). Monolines seem to have dropped out of the picture of woe of late, but they remain a festering boil on the arse of the global banking system. Monty Link to comment Share on other sites More sharing options...
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