22 Sep 2011

[neilgin1]

meltdown. its time. 5% declines in European bourses? a $3 hit in silver, a $70 hit in Gold? a $4 plus smackdown in crude?

naw, this is EXTRAordinary, and we aint done yet. i been waiting for that 1000 pt plus meltdown in the Dow, a 7% plus hit in the SnP 500, this and friday could be the day....its certainly not a normal day, and promises to get even more abnormal.

[blackrabbit]

What a ride!

[neilgin1]

What a ride!

Dow below 10,000
SnP below 1000.00
Nasdaq below 2000

silver hitting the last low of 33

Crude below 80

i just want to see $600 rolls of ASES's, that's my next targeting list.

[neilgin1]

WHOA!! Dollar up 1.45! 79.31, who woulda thunk.

[Mossy]

I don't understand what's going on. The euro should have dropped against the dollar and, perhaps boosted the dollar against PM, but PM dropped against fiat? "Huh?"

[neilgin1]

I don't understand what's going on. The euro should have dropped against the dollar and, perhaps boosted the dollar against PM, but PM dropped against fiat? "Huh?"

dawg with the least fleas.

the boys are raising cash, so they selling everything.........keep a close on the FTSE (London) its down over 4%, and if it cracks 5000.00, watch out.

[Hawkeye]

Weird stuff going on. I wish I a little more money - I would be buying right now. It will be interesting to see how this all plays out. I have a feeling that these days (huge ups and downs and things that make little sense) are going to start getting much more common.

[neilgin1]

Dow futures trading down almost 300 at 10714, probably today, defintely tommorrow we crack 10,000.

[neilgin1]

Weird stuff going on. I wish I a little more money - I would be buying right now. It will be interesting to see how this all plays out. I have a feeling that these days (huge ups and downs and things that make little sense) are going to start getting much more common.

you do what ya gotta do, i'm waiting till the dust explodes..there are BOMBS going off, i got a feeling "Greece Defaults" is a headline coming real soon.

[68Camaro]

I'm watching delayed index prices, so it hasn't hit 79 yet, but it's going that way. Dollar is the last best "safe haven" for fiat-mongers.

You're asking why are PM's dropping? More offerers than buyers at a given price. Is it real? I don't know. If "real" people are selling (rather than TPTB), then it's out of fear, and the artificial reality of the USD being "better" than PM. In their world it makes sense - not in mine, so I won't try to explain it.

Bring on the PM drop, if it can last, and if there is any to actually buy.

[Cu Penny Hoarder]

And the phrase for the day is: "Margin calls".

[Cu Penny Hoarder]

BAC approaching $6.00 again.

Come on uncle Warren, put your money where your mouth is. You need to throw a few billion more at WFC, AIG and C. Obama needs you... the US needs you.

Why are you holding back Unke Warren... buy the phucking dip!

[justj2k78]

I know you've been tracking this closely Neil, I think today is going to be a rough on in the US of A... hang on!

[neilgin1]

I know you've been tracking this closely Neil, I think today is going to be a rough on in the US of A... hang on!

hanging, but this is killing me, coz i got over 20 big logs need to be biscuited and spilt, and i'm sitting here, watching the show!!!

so as my bud Larry sez, GIT HER DONE!!! ....keep an eye on it for me, willya?

[silverflake]

Interesting, as of right now (09:30) the premiums for SLV out-of-the-money put options for October really are not that fat. One would assume they would have been bid up with the massive volatility and downward move of silver. That may be a good sign for us, some support right below current level (we are approaching 200 day moving average). Hopefully this bodes wel. Who knows, I'll check back in a couple hours and I could be completely wrong.

We all love this stuff right?

[neilgin1]

Interesting, as of right now (09:30) the premiums for SLV out-of-the-money put options for October really are not that fat. One would assume they would have been bid up with the massive volatility and downward move of silver. That may be a good sign for us, some support right below current level (we are approaching 200 day moving average). Hopefully this bodes wel. Who knows, I'll check back in a couple hours and I could be completely wrong.

We all love this stuff right?

no. today feels like it did back on that Monday in Oct 87 on the CME floor, the markets moving real twiggy, erratic, i dont even think the indices can keep up with the deluge, when you see the ES start to trade in 1.00 to 5.00 increments, we're in trouble.

[Cu Penny Hoarder]

Interesting, as of right now (09:30) the premiums for SLV out-of-the-money put options for October really are not that fat. One would assume they would have been bid up with the massive volatility and downward move of silver. That may be a good sign for us, some support right below current level (we are approaching 200 day moving average). Hopefully this bodes wel. Who knows, I'll check back in a couple hours and I could be completely wrong.

We all love this stuff right?

Technicals meant nothing in 2008. We are very close to that same situation. History never repeats, but it often rhymes.

[neilgin1]

its a gimme trade for the guys trading nasdaq 100's and ES500's...in the 100, the breaker comes in at an 80 point, so at -75, you could see the buying come in, cop 10, 20 points, dump...it aint their money...same with the SnP, 60 pts down, trading halt, they come in at -35, buy buy buy, and dump 10 pts up....its huge money, but it forestalls the inevitable, thats the trouble, in 87, we had to TRADE OUT of a day that saw a 22% whack and we did. circuit breakers just make it worse.

[shinnosuke]

What we have here is a failure to communicate. Realcenters and others have known the true weakness of the world economy for years. The rest of the world is just catching up. Reality arriving in three...two...one...

[Cu Penny Hoarder]

its a gimme trade for the guys trading nasdaq 100's and ES500's...in the 100, the breaker comes in at an 80 point, so at -75, you could see the buying come in, cop 10, 20 points, dump...it aint their money...same with the SnP, 60 pts down, trading halt, they come in at -35, buy buy buy, and dump 10 pts up....its huge money, but it forestalls the inevitable, thats the trouble, in 87, we had to TRADE OUT of a day that saw a 22% whack and we did. circuit breakers just make it worse.

Hard to know exactly what they're doing unless you are an insider. About 75% of the market gyrations are due to HFT/algo-bots. It's all a facade.

[Rodebaugh]

I don't understand what's going on. The euro should have dropped against the dollar and, perhaps boosted the dollar against PM, but PM dropped against fiat? "Huh?"

dawg with the least fleas.
the boys are raising cash, so they selling everything.........keep a close on the FTSE (London) its down over 4%, and if it cracks 5000.00, watch out.

+1

We will get a spanking for misbehaving but the EU is going to Juvi.

I feel better about having all that SDS setting around in my scottrades now. Truth be told, I rather be loosing money on it though.

[justj2k78]

I love how on days like this, the major news websites always have a picture of a sad trader, staring at the computer, with his head in his hands

[neilgin1]

I love how on days like this, the major news websites always have a picture of a sad trader, staring at the computer, with his head in his hands

oh and this day aint even half over....forget the firewood, i'm parked up in the eagles nest, watching the fun, cooking hot dogs, and getting abundantly enbriated. i'll do it tommorow. meanwhile i got a show to watch.

[Copper Catcher]

Time to buy if you are in the mood to do so!

[balz]

Time to buy if you are in the mood to do so!

I'd like to buy, but so far prices on Ebay are much like those of yesterday... I guess I will have to wait a bit before doing so.