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  • #248,201
  • May 26, 2010 2:57pm May 26, 2010 2:57pm
Quoting SkyzerFX
China selling US Debt and diversifying away from USD, while it's high..

What EUR they have very little EZ debt compare to load of US paper..

Buy low Sell high, that's what China doing..

P.S China didn't sell any US debt at 1.60

same goes for EUR at 1.10/1.20.
China isnt diversifying away from usd....this is only the start for them to revalue their reserve portfolio which is primarily usd(treasuries which are debt). this is what they do.....they sell lots of usd during global inflation, at the same time bidding up commodities by decreasing supply, increase demand(through rapid consumption). this is exactly what happened when eu was nearing 1.60 Who do you think started the buying of usd and treasuries when usd was that low? Ill give you a hint, it was china....they were getting rid of all currencies and getting back into usd. They were selling the rest of their commodities as well, ONLY in order to buy them back at a cheaper price so they can buy more to fuel growth. Trust me, China is very in control of a VERY large portion of us debt market and commodities....Why be on the other side? you will lose. They are in control, they have already stolen a huge market share of european markets as well as US. They will not revaluate yuan anytime soon, why would they? Their machine is working perfectly, and they are about to surpass japan as world #2 economy...
  • #248,202
  • May 26, 2010 2:58pm May 26, 2010 2:58pm
oh well. we are going to close below 10,000.
  • #248,203
  • May 26, 2010 3:01pm May 26, 2010 3:01pm
Quoting uraceulose
they got 10 minutes to get this thing above 10,000. imma smoke a ciggy
if we took a portion of that and found another source to put in the tank.. less war in the future. less cost for war. less oil demand = less price of oil.
nobody adds the real cost of oil, it includes war and blood. the actual cost of a barrel maybe be thousands when the real cost is added.
those who can, do. those who cant, talk about those who can
  • #248,204
  • May 26, 2010 3:02pm May 26, 2010 3:02pm
Quoting uraceulose
maybe not this time..
nope.. sellingpressure till the last minute... aftermarket making new lows...
  • #248,205
  • May 26, 2010 3:05pm May 26, 2010 3:05pm
1.8 spread on Oanda. Maybe expecting high volatility?
  • #248,206
  • May 26, 2010 3:09pm May 26, 2010 3:09pm
Quoting gatorinla
if we took a portion of that and found another source to put in the tank.. less war in the future. less cost for war. less oil demand = less price of oil.
nobody adds the real cost of oil, it includes war and blood. the actual cost of a barrel maybe be thousands when the real cost is added.
i know man, i've really been thinking about that since you brought it up months ago. it hurts me to think about..the money that we pump over there day by day by day for such a sick habit. don't get me wrong, we need the oil atm but you're so right about the money that we've spent and what we could have/should have made with it. i'm not a chemist/scientist/engineer but Brazil did a heck of a job on energy independence...if the congressmen weren't so worried about protecting everyone besides us, we would be rich. this is another reason why the dollar won't collapse anytime soon, i'll bet more than half of what we owe is debt due to stuff such as Europe bailout, tsunami, haiti..just for a few recent examples where we are pumping billions into someone elses economy to help them from collapsing
  • #248,207
  • May 26, 2010 3:11pm May 26, 2010 3:11pm
Quoting TudorJonesJR
nope.. sellingpressure till the last minute... aftermarket making new lows...
that close was key imo. BRN and we're only 100 points away from that 1000 point fall a few weeks back..could be a crazy end to the month.
especially with some calling for June/July to be typical good summer market months
  • #248,208
  • May 26, 2010 3:12pm May 26, 2010 3:12pm
Read somewhere that US probably has world's biggest oil fields but not allowed to drill ?

Quoting uraceulose
i know man, i've really been thinking about that since you brought it up months ago....
Disclaimer: Check your 1m charts
  • #248,209
  • May 26, 2010 3:12pm May 26, 2010 3:12pm
http://www.businessweek.com/news/201...-update3-.html

May 26 (Bloomberg) -- Pacific Investment Management Co.’s Bill Gross said restrictive lending rates and austerity measures that slow growth will leave Greece with “no way out” of a debt restructuring.
  • #248,210
  • May 26, 2010 3:13pm May 26, 2010 3:13pm
Quoting pipper
Read somewhere that US probably has world's biggest oil fields but not allowed to drill ?
Maybe off shore or in Alaska? I'm no expert..

Here's an easy G/J short I just took on the break of that yellow TL..

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  • #248,211
  • May 26, 2010 3:16pm May 26, 2010 3:16pm
Quoting TudorJonesJR
http://www.businessweek.com/news/201...-update3-.html

May 26 (Bloomberg) -- Pacific Investment Management Co.’s Bill Gross said restrictive lending rates and austerity measures that slow growth will leave Greece with “no way out” of a debt restructuring.
Greece will be going BK..this is pretty much common knowledge for the smart money now. it'll be a month or something and all over bloomberg/reuters...they're already complaining about the austerity measures and they started what a week ago?
  • #248,212
  • May 26, 2010 3:21pm May 26, 2010 3:21pm
I wonder how long we will wait for new correction...
  • #248,213
  • May 26, 2010 3:21pm May 26, 2010 3:21pm
If we get through 2156 & 33...2011 could be next
  • #248,214
  • May 26, 2010 3:26pm May 26, 2010 3:26pm
...if the congressmen weren't so worried about protecting everyone besides us, we would be rich. this is another reason why the dollar won't collapse anytime soon, i'll bet more than half of what we owe is debt due to stuff such as Europe bailout, tsunami, haiti..just for a few recent examples where we are pumping billions into someone elses economy to help them from collapsing

Ha Ha Ha - Are you joking ?
  • #248,215
  • May 26, 2010 3:31pm May 26, 2010 3:31pm
Quoting mokonni
...if the congressmen weren't so worried about protecting everyone besides us, we would be rich. this is another reason why the dollar won't collapse anytime soon, i'll bet more than half of what we owe is debt due to stuff such as Europe bailout, tsunami, haiti..just for a few recent examples where we are pumping billions into someone elses economy to help them from collapsing

Ha Ha Ha - Are you joking ?
i'm as serious as a heart attack..did you even watch the video? or are you just posting blindly?
  • #248,216
  • May 26, 2010 3:31pm May 26, 2010 3:31pm
Quoting mokonni
...if the congressmen weren't so worried about protecting everyone besides us, we would be rich. this is another reason why the dollar won't collapse anytime soon, i'll bet more than half of what we owe is debt due to stuff such as Europe bailout, tsunami, haiti..just for a few recent examples where we are pumping billions into someone elses economy to help them from collapsing

Ha Ha Ha - Are you joking ?
r u?
those who can, do. those who cant, talk about those who can
  • #248,217
  • May 26, 2010 3:33pm May 26, 2010 3:33pm
Quoting uraceulose
If we get through 2156 & 33...2011 could be next
hell yea.
  • #248,218
  • May 26, 2010 3:35pm May 26, 2010 3:35pm
Quoting uraceulose
i'm as serious as a heart attack..did you even watch the video? or are you just posting blindly?
i told you those lines are descending currently at 21665 going down on a steep grade
those who can, do. those who cant, talk about those who can
  • #248,219
  • May 26, 2010 3:36pm May 26, 2010 3:36pm
Quoting gatorinla
i told you those lines are descending currently at 21665 going down on a steep grade


I'm checking out one of those esignal free webinars right now on the other monitor..lol
  • #248,220
  • May 26, 2010 3:36pm May 26, 2010 3:36pm
america is spending a lot everywhere, just look at the defence budget of the US: its over 800 billion a year!!
And just for the info: the bail-out plan is only financed to the level of 250 billion $
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