Hi guys, many people have mailed as regards to more detail on options.. I am in the process of writing a pdf that will hopefully contain the key points re calls puts and covered options. All are very useful for particular market moments and should be a part of the arsenal of instruments we should …
Continue reading “Option Call Pricing Spreadsheet.. (please – a work in progress)”
UBS-Weekly06-09 A pretty bearish report with no change to the sell the bounces view. A likely top for gold and tactical lows for equities coming end sept. Asian in process of making ‘final leg down’ before rejoining secular bull. Re Asia – “In the next 2 to 3 weeks we would prepare to start buying …
The Swiss Central Bank has declared an “unlimited” expansion of her balance sheet to prevent continued appreciation of the chf. The euro and yen surged 10% at times this am vs the chf as the Swiss Bank sold newly printed CHF’s and purchased Euro Usds, GBPs, Yen, adding them to her hugely bloated balance sheet. …
The big losers on Sunday’s state German Elections were the conservative CDU and business friendly FDP. The big winners were the center left SPD, the far left party and the green party. As before, with center left and far left parties gaining share of the votes in germany you have to ask whether this vote …
Continue reading ““Progressive” Socialist Victory in German State Elections..”
Gold had a very strong close into Friday challenging her USD all time highs with the equity indexes a long way from their recent lows. For those that measure things in pounds, euros, Mexican pesos, Brazilian Reals and Swedish Krones gold made fresh all time historic highs on friday. As usual almost totally unreported by …
We have featured the UBS technical review three times on the site in the last couple of months. The record, thus far, has been stella in terms of timing and levels. The team have been on leave until this latest report from a couple of days ago.. (apologies on the late posting – i’ve marked …
Continue reading “Latest UBS Technical Update – Cyclical Bear Market with SP500 Target 1018”
This report below details some of the history surrounding the Hunt Brothers attempted cornering of the silver market.. Whats very interesting here are the rapid regulatory changes that were applied in order to ‘save’ the comex and Cbot exchanges. Its hard to imagine what such changes could do to today’s silver markets. Possibly a black …
Continue reading “The Hunt Brothers Remembered & Regulatory Lessons”
According to Credit Suisse commodity markets can move higher under their own weight due to the supply demand imbalances that exist in the world. They go so far as to say, commodities will, over time, remain uncorrelated with equity and other asset markets, to the upside.. (Indeed as they have been for the last decade …
Continue reading “Credit Suisse – Secular Commodity Bull Intact but Volatile..”
Once again its fed monetary policy that is the main driver in this market. We have a likely big day before us in either direction depending on Ben’s actions. Jobs and asset prices will be on Ben’s mind. He wants inflation as well as a lower USD so in spite of the worries, imo, it …
I said the bullish move in silver would need to be significantly crushed in order to prevent an attempt on 50 and more.. The ‘crush’ came with an enormous paper tidal wave of selling starting on Tuesday and sustaining into today, thus far.. She has fallen from 44.3 to 38.8 or 5.5 points 13% in …
http://www.zerohedge.com/news/m2-surge-moderates-only-increases-422-billion-past-week The ratio of cash and near cash to new money off the printing press is all important to dc ben. With $9.5 trn as m2 this invites qe3. So, good luck to those deposit accounts. This wall of cash will mean huge forward volatility. Its worth noting that order books can be massively overrun …
Continue reading “M2 Surges.. Good news for makers of wheelbarrows..”
Hey guys, everything moving ahead perfectly isn’t it.. no one should be too surprised by any of the price action we can see before us, imo.. I’ll do a technical and macro comment on another post but firstly price controls/free markets.. I’m not sure who else is trading the softs here but anyone close to …
Continue reading “Free Markets – to a lesser (& lesser) Extent..”