The shark got me for lunch and dinner
Chief has a new Wallstreet analogy..instead of blood in the streets, it's "blood in the water". Problem is, once there's blood in the water it attracts sharks from miles around for a freeding frenzy! Will I be a floating turd, or be puked up in time to live another day.
Great commentary from Trading Chief - click the link below
http://tradingchief.com/stock-board.php?exchange=TSX&symbol=GENERAL:CA&company-name=General-Comments&subject=did-you-ever-see-the-movie-jaws?&pid=77240
Friday, September 30, 2011
Tuesday, September 20, 2011
Sunday, September 11, 2011
Wildcat Exploration - New Website
Worth a look at the revamp of their new website!
Their Website has been redesigned and it looks more professional..anyway, a step in the right direction.
WILDCAT EXPLORATION WEBSITE
FACT SHEET
PRESENTATION
INTERVIEW WITH PRESIDENT, JOHN KNOWLES
Their Website has been redesigned and it looks more professional..anyway, a step in the right direction.
WILDCAT EXPLORATION WEBSITE
FACT SHEET
PRESENTATION
INTERVIEW WITH PRESIDENT, JOHN KNOWLES
Wednesday, September 7, 2011
Reaction to something very obvious seems irrational
This is TradingChief's Smoke Signal from Tradingchief.com
It was posted on Monday, September 05 2011 - 08:27pm and is such a good read that I wanted to share it. Gold took a huge dive today but the comments are still relevant. Chief's SS is a paid members read and received permission to duplicate the post.
Enjoy!
Reaction to Something Very Obvious Seems Irrational
Not sure exactly why the wiki-leak thing is news. It has been stated for years that China intends in establishing the Rimimbi as a world class currency. The only way to do that is to back your currency with assets to the point where people will see it as a rival to the Euro and the USDollar. I can't believe people believed that the Chinese were going to be a third rate player when they are now running the show?
So the amazing release that they intend on reducing the power of the US$ in the world is at best to make room for their currency? If you have two people who weigh a combined weight of 399 pounds in a boat that only holds 400 pounds, the only way to get a 3rd person in the boat is for both the people presently in the boat to lose 68 pounds each.
Then you have 3 people all weighing the same amount sharing the boat.
It's up to the two people that were in the boat to ensure that the 3rd guy does not put on any more weight and endanger the balance. If they are weak and lose the weight that allows the third to gain more weight. The Chinese want in the boat, they aren't in there yet, but want in.
The two guys (USA and Europe) are flailing and losing weight, so the third guy (China) sees an opportunity to get in the boat....?
Right now the IMF is trying to get in the boat and beat China into it. They would like a new currency based on a basket of currencies that would be the reserve currency. My bet that's not what China wants. They want in the boat, just as much as the IMF want in the boat. There is only room for 3 peeps unless everyone reduces their weight to 125 pounds.
USA will not want to be reduced to a 125 pound weakling so are trying their best to put on weight while the Euro is losing theirs. China is just saying whoa-a-a their guy, that weight is fat, not muscle. We're muscle.
This has been forecasted for 3 years, since the Chinese started buying US Debt. Does anyone really think the Chinese is trying to preserve the US Empire? They know how to play the game and are going through all the hoops to gain their rightful place at the table.
So this all has to be about Germany IMHO. This is not so much the Wikileaks thing, however separating the two, to see who is right will be difficult if not impossible. Unless, suddenly Merkle's position and the rumors out of Germany die down quickly, if they do, then we will see how this pans out.
However, as mentioned a few weeks before, this "Debt Ceiling" thing could be much more than anyone bargained for. It's turning out that way. Consumer confidence is in the toilet and soon with lawsuits going every which way will make things worse. The thing that bothers us the most was we knew we needed QE2 to continue. Many say QE2 did nothing...they are right, it did nothing for Joe and the economy. But, it did marvels for the Markets. We needed QE2 to continue to December this year. It didn't. We said that they better get something going quick - they didn't. Then the idiots knocked the legs out of the consumer by confusing him to death thinking his nation was about to default on their bills. Then to put his fears at ease, the dimwitted 6 say that to avoid death all they have to do is cut entitlements. Joe says, "what?" Entitlements to whom? He listens longer and hears Boehner say they will not increase taxes on anyone (read rich) but they will cut entitlements (read Joe).
Then Joe starts to see his 401K go south so exits the market during the "we're broke talks" and so far has not come back. What this has done is create the 3 legged chair. One more whack and you are going down. "Merkle is that leg"!
If the Markets continue to whack the German markets head for the hills because that will kill the French banks that are on the brink that Sarkozy insists are not. Remember, no one trusted the "Stress test" they did on these banks in the first place.
So tomorrow we will see if Bernanke has loosened up some money for the Plunge Protection team or not.
Gold is reacting to Merkle problems and the Chinese leaked document. But, honestly this commentary has been out for months. It was the way China was going to try to get into the boat. Perhaps seeing it in writing makes it more real, but there was no doubt they were trying to get in the boat and everyone knew it.
After all, lets suppose you are the engine that is making the world turn and every time you went to pay someone, they said sorry there Chang, we don't take that crap, give us "American Money", that..... would tend, to get under your chopsticks, after awhile.
People that assume the new normal will not include a Chinese Power house are smoking better stuff then I am.
The US Congress and Senate, can't afford a 3rd or 4th party in the boat. They are so bloated with debt that the only way to slim down is to go on a diet. A diet kills the economy. An economy they need to pay their bloated bills. So the assumption is, if they put on enough weight while the Euro is thinning out, then there still won't be room for a third person. So.....China starts to put the US on a diet
So the real bird to follow out of this flock is Merkle. Things get tougher in Germany, Euro falls apart, US Dollar skyrockets and Dow and the rest of the markets (including ours dive). Everything is priced in USDollars so that means the Euro gets "double stuck in the butt". Ben gets to keep 0% interest rates, and bonds/T-Bills will sell, but the US economy tanks with us all.
So watch Merkle and Germany.
Watch the French Banks because they will be the first to suffer the major consequences of problems in Germany.
POG, everyone will come out to hide in POG, so expect the margin call but with this kind of setting, we don't think it will matter now.
Number to close above tomorrow is 10963 or higher, below that, and no one thinks this is over.
TSX will take a hit in financials and metals, POO POG and POS will be fine. Ferts are still a buy on the pullback.
It was posted on Monday, September 05 2011 - 08:27pm and is such a good read that I wanted to share it. Gold took a huge dive today but the comments are still relevant. Chief's SS is a paid members read and received permission to duplicate the post.
Enjoy!
Reaction to Something Very Obvious Seems Irrational
Not sure exactly why the wiki-leak thing is news. It has been stated for years that China intends in establishing the Rimimbi as a world class currency. The only way to do that is to back your currency with assets to the point where people will see it as a rival to the Euro and the USDollar. I can't believe people believed that the Chinese were going to be a third rate player when they are now running the show?
So the amazing release that they intend on reducing the power of the US$ in the world is at best to make room for their currency? If you have two people who weigh a combined weight of 399 pounds in a boat that only holds 400 pounds, the only way to get a 3rd person in the boat is for both the people presently in the boat to lose 68 pounds each.
Then you have 3 people all weighing the same amount sharing the boat.
It's up to the two people that were in the boat to ensure that the 3rd guy does not put on any more weight and endanger the balance. If they are weak and lose the weight that allows the third to gain more weight. The Chinese want in the boat, they aren't in there yet, but want in.
The two guys (USA and Europe) are flailing and losing weight, so the third guy (China) sees an opportunity to get in the boat....?
Right now the IMF is trying to get in the boat and beat China into it. They would like a new currency based on a basket of currencies that would be the reserve currency. My bet that's not what China wants. They want in the boat, just as much as the IMF want in the boat. There is only room for 3 peeps unless everyone reduces their weight to 125 pounds.
USA will not want to be reduced to a 125 pound weakling so are trying their best to put on weight while the Euro is losing theirs. China is just saying whoa-a-a their guy, that weight is fat, not muscle. We're muscle.
This has been forecasted for 3 years, since the Chinese started buying US Debt. Does anyone really think the Chinese is trying to preserve the US Empire? They know how to play the game and are going through all the hoops to gain their rightful place at the table.
So this all has to be about Germany IMHO. This is not so much the Wikileaks thing, however separating the two, to see who is right will be difficult if not impossible. Unless, suddenly Merkle's position and the rumors out of Germany die down quickly, if they do, then we will see how this pans out.
However, as mentioned a few weeks before, this "Debt Ceiling" thing could be much more than anyone bargained for. It's turning out that way. Consumer confidence is in the toilet and soon with lawsuits going every which way will make things worse. The thing that bothers us the most was we knew we needed QE2 to continue. Many say QE2 did nothing...they are right, it did nothing for Joe and the economy. But, it did marvels for the Markets. We needed QE2 to continue to December this year. It didn't. We said that they better get something going quick - they didn't. Then the idiots knocked the legs out of the consumer by confusing him to death thinking his nation was about to default on their bills. Then to put his fears at ease, the dimwitted 6 say that to avoid death all they have to do is cut entitlements. Joe says, "what?" Entitlements to whom? He listens longer and hears Boehner say they will not increase taxes on anyone (read rich) but they will cut entitlements (read Joe).
Then Joe starts to see his 401K go south so exits the market during the "we're broke talks" and so far has not come back. What this has done is create the 3 legged chair. One more whack and you are going down. "Merkle is that leg"!
If the Markets continue to whack the German markets head for the hills because that will kill the French banks that are on the brink that Sarkozy insists are not. Remember, no one trusted the "Stress test" they did on these banks in the first place.
So tomorrow we will see if Bernanke has loosened up some money for the Plunge Protection team or not.
Gold is reacting to Merkle problems and the Chinese leaked document. But, honestly this commentary has been out for months. It was the way China was going to try to get into the boat. Perhaps seeing it in writing makes it more real, but there was no doubt they were trying to get in the boat and everyone knew it.
After all, lets suppose you are the engine that is making the world turn and every time you went to pay someone, they said sorry there Chang, we don't take that crap, give us "American Money", that..... would tend, to get under your chopsticks, after awhile.
People that assume the new normal will not include a Chinese Power house are smoking better stuff then I am.
The US Congress and Senate, can't afford a 3rd or 4th party in the boat. They are so bloated with debt that the only way to slim down is to go on a diet. A diet kills the economy. An economy they need to pay their bloated bills. So the assumption is, if they put on enough weight while the Euro is thinning out, then there still won't be room for a third person. So.....China starts to put the US on a diet
So the real bird to follow out of this flock is Merkle. Things get tougher in Germany, Euro falls apart, US Dollar skyrockets and Dow and the rest of the markets (including ours dive). Everything is priced in USDollars so that means the Euro gets "double stuck in the butt". Ben gets to keep 0% interest rates, and bonds/T-Bills will sell, but the US economy tanks with us all.
So watch Merkle and Germany.
Watch the French Banks because they will be the first to suffer the major consequences of problems in Germany.
POG, everyone will come out to hide in POG, so expect the margin call but with this kind of setting, we don't think it will matter now.
Number to close above tomorrow is 10963 or higher, below that, and no one thinks this is over.
TSX will take a hit in financials and metals, POO POG and POS will be fine. Ferts are still a buy on the pullback.
Some interesting commentaries on the drop in Gold
CENTRAL BANKS WAGING WAR ON GOLD AT THIS HOUR
http://traderdannorcini.blogspot.com/2011/09/central-banks-waging-war-on-gold-at.html
WARNING
Wednesday, September 7, 2011 at 9:13 am
http://www.tfmetalsreport.com/blog/2327/warning
http://traderdannorcini.blogspot.com/2011/09/central-banks-waging-war-on-gold-at.html
WARNING
Wednesday, September 7, 2011 at 9:13 am
http://www.tfmetalsreport.com/blog/2327/warning
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