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The Really Useless Thread

  • #108,081
  • Aug 22, 2012 8:44pm Aug 22, 2012 8:44pm
Silver took the $30. Now lets see what it does with it.
  • #108,082
  • Aug 22, 2012 8:46pm Aug 22, 2012 8:46pm
Quoting OldQuant
I wanna esplain to him why beans, while as we know, were the long of the year, will also be the short of the year.
joo got some 'splaining to do, Lucy?

Couldn't resist!
  • #108,083
  • Aug 22, 2012 8:48pm Aug 22, 2012 8:48pm
Quoting kenfen69
The short of THIS year...or next?
This one, I reckon. When the mainstream, the hedge funds, and even the likes of the posts on ZH are placing all their hopes, and the collapse of the planet, on something that gets priced in Chicago but grown in lots of different places, the ice is thin.
  • #108,084
  • Aug 22, 2012 8:50pm Aug 22, 2012 8:50pm
Quoting gatorinla
long ea 1915 tight stop.
s/o -4
those who can, do. those who cant, talk about those who can
  • #108,085
  • Aug 22, 2012 8:53pm Aug 22, 2012 8:53pm
Yikes. While we were talking about plant life, and I was totally reconciled to the market taking my Happy Meal toy away as it plunged through 30, it grows a 50 handle. Just never know.
  • #108,086
  • Aug 22, 2012 8:53pm Aug 22, 2012 8:53pm
Quoting kenfen69
Bastard!

Fill me short at 1975 so I can clean this shite up! Made a mint on swaps tonight, just need to cap it off with some decent pips now.

GL g-man.
i am already out.. all i can do now is wait for retrace on the aud and euro
those who can, do. those who cant, talk about those who can
  • #108,087
  • Aug 22, 2012 8:54pm Aug 22, 2012 8:54pm
Quoting OldQuant
This one, I reckon. When the mainstream, the hedge funds, and even the likes of the posts on ZH are placing all their hopes, and the collapse of the planet, on something that gets priced in Chicago but grown in lots of different places, the ice is thin.
Could certainly be a nice level to short from.

Will you play?

Double top...or going to do an APPL?

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  • #108,088
  • Aug 22, 2012 8:54pm Aug 22, 2012 8:54pm
Quoting gatorinla
s/o -4
guude and tight!
  • #108,089
  • Aug 22, 2012 8:56pm Aug 22, 2012 8:56pm
Quoting OldQuant
Yikes. While we were talking about plant life, and I was totally reconciled to the market taking my Happy Meal toy away as it plunged through 30, it grows a 50 handle. Just never know.


Missed that sort of commentary!

ps- ak4x has been spotted in the Useless corridors very occasionally of late. A little too occasionally for my liking...but am delighted just the same.
  • #108,090
  • Aug 22, 2012 9:00pm Aug 22, 2012 9:00pm
Quoting kenfen69
Silver took the $30. Now lets see what it does with it.
if you see the euro at/near 2458/62 or aud 0465.. call me..
those who can, do. those who cant, talk about those who can
  • #108,091
  • Aug 22, 2012 9:02pm Aug 22, 2012 9:02pm
Quoting kenfen69
Could certainly be a nice level to short from.

Will you play?
Attachment
Maybe you remember, I always go long grains for Z at the beginning of the year; it's a basic USD hedge, and at least the corn is ultimately floored by the politics.

But beans are a lot like Apple. You can make up all kinds of reasons why they're where they are, but if you start thinking about moves of the pieces more than one move ahead, it's harder and harder to justify.

And unlike APPL, where the market just plain can't afford to have it go down, grain markets are a little more supply-demand and calories-per-money unit driven.

It's not time yet. The U contract will probably still go off at record.
  • #108,092
  • Aug 22, 2012 9:04pm Aug 22, 2012 9:04pm
Quoting gatorinla
if you see the euro at/near 2458/62 or aud 0465.. call me..
Done.
  • #108,093
  • Aug 22, 2012 9:07pm Aug 22, 2012 9:07pm
Quoting gatorinla
if you see the euro at/near 2458/62 or aud 0465.. call me..
How does one call a gator? (No Florida jokes here, please).

I know to call a coyote you make a noise like a sick bunny.
  • #108,094
  • Aug 22, 2012 9:14pm Aug 22, 2012 9:14pm
Quoting OldQuant
Maybe you remember, I always go long grains for Z at the beginning of the year; it's a basic USD hedge, and at least the corn is ultimately floored by the politics.

But beans are a lot like Apple. You can make up all kinds of reasons why they're where they are, but if you start thinking about moves of the pieces more than one move ahead, it's harder and harder to justify.

And unlike APPL, where the market just plain can't afford to have it go down, grain markets are a little more supply-demand and calories-per-money unit driven.

It's not time...
Interesting.

And now that you mention it, I do remember the long grain at the start of a year play being mentioned. Certainly would have been a lot worse things to buy at the start of the year than a few bushels of APPL and Beans!

The two charts look quite similar, actually. With or without leverage...nice play!
  • #108,095
  • Aug 22, 2012 9:17pm Aug 22, 2012 9:17pm
Quoting OldQuant
How does one call a gator? (No Florida jokes here, please).

I know to call a coyote you make a noise like a sick bunny.
I just dial his mobile.

He may not answer if he's stalking dinner, though...or making baby gators, of course!
  • #108,096
  • Aug 22, 2012 9:18pm Aug 22, 2012 9:18pm
Quoting kenfen69
Interesting.

And now that you mention it, I do remember the long grain at the start of a year play being mentioned. Certainly would have been a lot worse things to buy at the start of the year than a few bushels of APPL and Beans!

The two charts look quite similar, actually. With or without leverage...nice play!
Yeah, blind hogs and all. And then for a while it all made sense; the drought monitor http://droughtmonitor.unl.edu/ was all brown and red, the Chinese like soy oil on everything, yada yada.

Then, in the last six weeks, having to think about what to do when the things roll into front month, it began to look a little more iffy.

And I don't get APPL. I don't get the stock market, matter of fact.
  • #108,097
  • Aug 22, 2012 9:19pm Aug 22, 2012 9:19pm
Quoting OldQuant
How does one call a gator? (No Florida jokes here, please).

I know to call a coyote you make a noise like a sick bunny.


Not sure I've ever heard that. Goodness...curious on that one now.
  • #108,098
  • Aug 22, 2012 9:21pm Aug 22, 2012 9:21pm
Quoting OldQuant
How does one call a gator? (No Florida jokes here, please).

I know to call a coyote you make a noise like a sick bunny.
easy to do if you want mama to come protect.. or a big male will also come and eat the ones he finds..
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those who can, do. those who cant, talk about those who can
  • #108,099
  • Aug 22, 2012 9:22pm Aug 22, 2012 9:22pm
Quoting OldQuant
Yeah, blind hogs and all. And then for a while it all made sense; the drought monitor http://droughtmonitor.unl.edu/ was all brown and red, the Chinese like soy oil on everything, yada yada.

Then, in the last six weeks, having to think about what to do when the things roll into front month, it began to look a little more iffy.
Dayum...that IS a lot of brown and red.

How has the weather been in your parts? I remember you had a really rough run of it last year.
  • #108,100
  • Aug 22, 2012 9:22pm Aug 22, 2012 9:22pm
close enough.. DX daily..

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