Midnight to 6am - Overnight Spot Watchers Spot...

Tsunami ride over. Lets get on the roller coaster.

I'm going to bed before I have a heart attack.

I'm going to tip $42.80US when US market closes.

Regards Errol43
 
damn it, shouldnt have checked the chart just before going to bed, wide awake now...buy buy buy sell sell sell, lets see whose voice will be heard the most...
 
i started a thread on this in the markets forum, didn't bother to look in here. it seems like a race between the euro and the usd to the bottom, euro is ahead by a nose..
 
S&D putting a negative outlook on US's AAA rating, do you guys recall/know whether this has ever happened before, in 71, 80? It seems the death of the USD has officially begun...
 
Skyblues said:
S&D putting a negative outlook on US's AAA rating, do you guys recall/know whether this has ever happened before, in 71, 80? It seems the death of the USD has officially begun...
Click to expand...

this article, from may 2009,

http://www.ft.com/cms/s/0/5534bd04-3f27-11de-ae4f-00144feabdc0.html#ixzz1JtBrs0D5 ...

"The US government has had a triple A credit rating since 1917, but it is unclear how long this will continue to be the case."

they've really kicked the can down the road a long way..
 
Blockhead said:
Skyblues said:
S&D putting a negative outlook on US's AAA rating, do you guys recall/know whether this has ever happened before, in 71, 80? It seems the death of the USD has officially begun...
Click to expand...

this article, from may 2009,

http://www.ft.com/cms/s/0/5534bd04-3f27-11de-ae4f-00144feabdc0.html#ixzz1JtBrs0D5 ...

"The US government has had a triple A credit rating since 1917, but it is unclear how long this will continue to be the case."

they've really kicked the can down the road a long way..
Click to expand...

There was a lot of talk about 2013-15 being crunch time for the US, but that's looking a looking way off now.

spot $42.72
 
Blockhead said:
Skyblues said:
S&D putting a negative outlook on US's AAA rating, do you guys recall/know whether this has ever happened before, in 71, 80? It seems the death of the USD has officially begun...
Click to expand...

this article, from may 2009,

http://www.ft.com/cms/s/0/5534bd04-3f27-11de-ae4f-00144feabdc0.html#ixzz1JtBrs0D5 ...

"The US government has had a triple A credit rating since 1917, but it is unclear how long this will continue to be the case."

they've really kicked the can down the road a long way..
Click to expand...


thanks for that, the bloomberg article at http://www.bloomberg.com/news/2011-...-puts-negative-outlook-on-u-s-aaa-rating.html suggests that

The negative outlook by S&P means that the firm views a one-in-three chance it will cut a borrower's rating within a two-year horizon, David Beers, S&P's global head of sovereign and international public finance ratings, said in a Bloomberg TV interview.
Click to expand...

lets see whether it will take 2 years for the creditors to cut the US off, officially. I think we have just witnessed the history, with sleepy eyes...
 
"The Treasury Department projected that the government may reach the $14.3 trillion debt ceiling limit as soon as mid-May and run out of options for avoiding default by early July." from that Bloomberg article.

in line with a comment someone made in a rather detailed post regarding the us debt ceiling..
 
^ it was Gimpy in this thread..

http://forums.silverstackers.com/topic-7821-not-a-good-time-to-be-on-us-payroll.html

The real test will be in july ish, when they start failing to clear at auctions despite skyrocketing yields. THEN its time to panic. Because if bonds fail to clear, then it;s no longer a matter of deciding to not 'use more credit' it's a matter of nobody wanting to give you any. Then we watch the yeilds triple, and interest payments move up to 50% of tax receipts. That will be THE day to be long PM lol and short USDX.
Click to expand...
 
GRRR always going to happen, but too early... not ready :(

**EDIT** just pulled the trigger on a hummer and a couple of other coins so its gonna tank now :P
 
Blockhead said:
"The Treasury Department projected that the government may reach the $14.3 trillion debt ceiling limit as soon as mid-May and run out of options for avoiding default by early July." from that Bloomberg article.

in line with a comment someone made in a rather detailed post regarding the us debt ceiling..
Click to expand...

This rating is more about the confidence in S&P as a cedit rating company than the confidence in the US$
How can any credit rating based on the ability to print more money?
 
hotel 46 said:
question for turk. what happened at the cftc? cant find anything meaningful on it,any info?
Click to expand...

Hi Hotel 46,

I've heard nothing for weeks now. Deafening silence all 'round. Not even GATA is talking about it. Not sure what to make of it - but then again - even if the position limits WERE imposed the CFTC would probably 'grandfather' the existing players in some way with an escape clause.

We've seen over and over again the the exchange will do (almost) anything to protect JPM's short positions.

Yet the silence is puzzling. Anyone else heard anything?
 
Explosions and Implosions are very volatile events.

A lot easier to inflate and deflate in my opinion.

I feel i have more time on the buy side than they have on their naked sell side.
 
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