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Walk the Talk from a fun loving discretionary trader 46 replies

You talk the talk I walk the talk 8 replies

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Cesarnc's market talk, gossips, rumours & fun

  • #8,161
  • May 4, 2008 8:24pm May 4, 2008 8:24pm
S&P500 futures doing a jumping bean routine the last few minutes.

Only down 6 pts but it was down as much as 17 - in like a blink of an eye.
Not supposed to be this way on a Sunday night.
  • #8,162
  • May 4, 2008 8:39pm May 4, 2008 8:39pm
Gold going up, bringing AUD and NZD with it
  • #8,163
  • May 4, 2008 8:40pm May 4, 2008 8:40pm
Quoting Clouds
Gold going up, bringing AUD and NZD with it
If gold is going up, does it mean euro will go up with it too? That has been typically the case in the past.
Expected the unexpected
  • #8,164
  • May 4, 2008 8:46pm May 4, 2008 8:46pm
Quoting scyang
If gold is going up, does it mean euro will go up with it too? That has been typically the case in the past.
Gold is still in a downtrend, but short-term its going up, I would think it won't last long, unless it breaks it's trend line.
  • #8,165
  • May 4, 2008 8:48pm May 4, 2008 8:48pm
Quoting Clouds
Gold is still in a downtrend, but short-term its going up, I would think it won't last long, unless it breaks it's trend line.
Do gold and silver move in tandem or are they influenced by different fundamentals?
Expected the unexpected
  • #8,166
  • May 4, 2008 8:50pm May 4, 2008 8:50pm
Quoting scyang
Do gold and silver move in tandem or are they influenced by different fundamentals?
Don't know.... Gold at 862, I expect it not to make it past 870, but I keep eye on it.
  • #8,167
  • May 4, 2008 8:51pm May 4, 2008 8:51pm
Quoting Clouds
Don't know.... Gold at 862, I expect it not to make it past 870, but I keep eye on it.
Bit late to jump in for a quick long, isn't it. If euro falls again today, it will take gold with it.
Expected the unexpected
  • #8,168
  • May 4, 2008 9:00pm May 4, 2008 9:00pm
Quoting scyang
Bit late to jump in for a quick long, isn't it. If euro falls again today, it will take gold with it.
I thought New Zealand and Australia produced most of the gold, I could be wrong. Of course, in the past, I have seen some correlation between EUR/USD and gold as well.
  • #8,169
  • May 4, 2008 9:11pm May 4, 2008 9:11pm
Quoting Clouds
I thought New Zealand and Australia produced most of the gold, I could be wrong. Of course, in the past, I have seen some correlation between EUR/USD and gold as well.
Australia and New Zealand are probably two key producers, but I thought South Afraica and a few other countries are major producers as well. Any way, I am not sure if who the producers are could influence the prices as much as the market's movements.
Expected the unexpected
  • #8,170
  • May 4, 2008 9:19pm May 4, 2008 9:19pm
South Africa
Australia
Peru
United States
China
Russia

Those are the main producers. New Zealand's a small time producers.
Patience + Humility + Study = Success
  • #8,171
  • May 4, 2008 9:43pm May 4, 2008 9:43pm
You see Bernanke speaking Monday night????

Interesting topic......

HOLLA
  • #8,172
  • May 4, 2008 9:49pm May 4, 2008 9:49pm
Quoting Turtle
You see Bernanke speaking Monday night????

Interesting topic......

HOLLA
Haha, this?

Mr. Bernanke became enraged and threw a drinking glass at Committee head Rep. Barney Frank. "Sure, I can drop interest rates again," Mr. Bernanke continued, "or US consumers can just drop their pants and take what's coming to them."

http://smithismyrealname.typepad.com...nke-banks.html
  • #8,173
  • May 4, 2008 9:56pm May 4, 2008 9:56pm
Quoting Clouds
Haha, this?

Mr. Bernanke became enraged and threw a drinking glass at Committee head Rep. Barney Frank. "Sure, I can drop interest rates again," Mr. Bernanke continued, "or US consumers can just drop their pants and take what's coming to them."

http://smithismyrealname.typepad.com...nke-banks.html
And Barney Frank (Hey sailor) is just the "guy" to give it to them. :
  • #8,174
  • May 4, 2008 11:49pm May 4, 2008 11:49pm
Quoting SunTrader
And Barney Frank (Hey sailor) is just the "guy" to give it to them. :
Humble Lifetime Member
  • #8,175
  • May 5, 2008 2:30am May 5, 2008 2:30am
Quoting notme32
be carefull Bull, a Bear is hungry................
oh....let it be hungry,...bull is temporaly not hungry,...now its coffe time...p
its just money
  • #8,176
  • May 5, 2008 3:34am May 5, 2008 3:34am
Quoting cesarnc
Weekend's Hot Stuff

- Global pro-marijuana parade kicking butt. Coming to São Paulo tomorrow

RMK: THAT is why BWR is missing.

I was going to post of FF the other day, but then I got high

Sorry but the weather here has been beautiful. After a whole winter of shit it's nice to go out in warm weather again. Today is beautiful as well and I wish I could stay but we are planning yet another BBQ.

The Empire Stikes Barrack
Inserted Video
Just Trade It
  • #8,177
  • May 5, 2008 5:20am May 5, 2008 5:20am
Morning all.. WFT? I decide to go back in, Japan and Europe go out on Holiday?


This is bad sign.. bad sign...
  • #8,178
  • May 5, 2008 7:44am May 5, 2008 7:44am
Trichet on the wires

The press conference following the meeting of the Governing Council of the European Central Bank
on 8 May 2008 will take place in Athens at 2.30 p.m. C.E.T. and have the following format:

  1. an introductory statement by Jean-Claude Trichet, President of the ECB; and
  2. a question and answer session at which registered journalists will be able to pose questions to Jean-Claude Trichet, President of the ECB, and Lucas Papademos, Vice-President of the ECB.

CET = UTC+1 (45min from now)

  • #8,179
  • May 5, 2008 7:50am May 5, 2008 7:50am
Aud to 100.51, but UJ could slow that as it's about to head back towards 104.60 with a lukewarm DJIA
Patience + Humility + Study = Success
  • #8,180
  • May 5, 2008 10:14am May 5, 2008 10:14am
(Reuters) - Bank of America Corp (BAC.N) is likely to renegotiate its deal to buy Countrywide Financial Corp (CFC.N) down to the $0 to $2 level or completely walk away from it, said Friedman, Billings, Ramsey, which downgraded Countrywide to "underperform" from "market perform."

Countrywide's loan portfolio has deteriorated so rapidly that it currently has negative equity and the proposed takeover of the company will be a drag on Bank of America's earnings due to the elevated credit expenses at Countrywide, analyst Paul Miller wrote in a note to clients.
He cut his target on Countrywide's stock to $2 from $7.
Bank of America, which said in January it would buy Countrywide for $4 billion, said in a filing last week there was no assurance that any of the mortgage lender's outstanding debt would be redeemed, assumed or guaranteed.
"Bank of America announced that it might not guarantee Countrywide's debt, which is most likely the first step in renegotiating the entire deal," Miller said.
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