Charting the Crash

[bvbfan]

Carnage

 

[wayneL]

BTW

The Yen is flying.

The carry trade [unwinding] must be contributing a lot to this.

 

[ducati916]

If that is the case, this will develop into far more than a one day event or May correction. This could trigger a bear market and recession.

jog on
d998

 

[bean]

One day wonder similar fall in middle 1998? Some technical damage done. Next few days to tell the tale. Gold will be making a low very soon any day now, Gold indicies xau and hui down 7%

 

[ducati916]

One day wonder similar fall in middle 1998? Some technical damage done. Next few days to tell the tale. Gold will be making a low very soon any day now, Gold indicies xau and hui down 7%

If you're talking about the Asian crisis, Russian default, or LTCM, this is potentially far more serious.

The amount of money runs into many Trillions of dollars based on counterparty trades on CDO's

If this blows up, you have a recession at best.

jog on
d998

 

[tech/a]

Well while there will be blood in the streets this will be a chance for some great buy opportunities.Big falls always bounce.

This will be different??

 

[bvbfan]

Contrarian wise too many think this is just an abberation which tends to make me believe a deeper correction could be happening.

Funny trading in gold tonight, dropped rallied then sold off after normal trading ceased.
Makes me suspicious.

 

[ducati916]

Contrarian wise too many think this is just an abberation which tends to make me believe a deeper correction could be happening.

Funny trading in gold tonight, dropped rallied then sold off after normal trading ceased.
Makes me suspicious.

Gold @ $650+ is purely speculative pricing.
Speculators will stab you in the back and go short as soon as look long.
If the money is running, Gold will fall prey same as any speccy.

Inflationary pricing for Gold + global risk = $300 to $350

jog on
d998

 

[wayneL]

Contrarian wise too many think this is just an abberation which tends to make me believe a deeper correction could be happening.

Funny trading in gold tonight, dropped rallied then sold off after normal trading ceased.
Makes me suspicious.

Agree,

The interplay between equities, gold, yen and bonds looks serious.

Bonds have had a bolter of a day too... flight to safety.

I wouldn't be surprised if the cavalry does some tinkering over the next few days, but the big money is shifting.

!!!!!!!!!!!!!

 

[money tree]

careful wayne, you might be diagnosed with broken clock syndrome.

wasnt Dow @ 10600 and XJO @ 4800 when you started saying "the sky is falling!" ?

some perspective please.......

 

[wayneL]

careful wayne, you might be diagnosed with broken clock syndrome.

wasnt Dow @ 10600 and XJO @ 4800 when you started saying "the sky is falling!" ?

some perspective please.......

Crashy,

Don't be so pious. I will draw your to the first post in this thread so you can see where you can stick your perspective.

 

[Realist]

Despite all the hype China makes up 9/10th of F all of the world's economy.

If China vanished overnight we'd lose a few export dollars from resources, but in the scheme of the Global economy the state of California is currently more important than China.

 

[Sean K]

Depsite all the hype China makes up 9/10th of F all of the world's economy.

If China vanished overnight we'd lose a few export dollars from resources, but in the scheme of the Global economy the state of California is currently more important than China.

Really?? Well, we've nothing to worry about. Cheers.

 

[BSD]

Ahh, they are the world's biggest importer of copper and second biggest in oil

Their stock market is a nothing - but their demand is our future.

 

[KIWIKARLOS]

Perhapes we are will see huge drops in all these speculative companies than are hugely overpriced simply because they have some good dirt with a couple holes drilled.

What is everyones opinion on the sell off that will take place today, Will you sell most of your holdings or just the speccies. Do you think we will see back to back drops on the markets for consecutive days

 

[money tree]

I think XJO will remain under 6000 for

THE NEXT 5 YEARS

 

[bean]

I will drop 10% but will do selling of non gold in a few days and buying more gold stocks in a few days.

 

[Realist]

Really?? Well, we've nothing to worry about. Cheers.

Well I am not worrying. :

 

[Sean K]

Great stuff Mag, you are the only guy on this forum who called a potential price and time high.

Starting to feel good about getting set up in a short position yesterday.
Too early to tell yet, but ot could be that the bears have come out of hibernation and those bulls might get their horns chopped!!

20 Feb:

Is this looking toppy and ready for a bit of a breather?

Top of a wave 5 perhaps?

If we get a 10% correction this would bring it back to the 5400 level, where there is some support also.

Looking for some good shorts here, or perhaps the spi.

 

[money tree]

well done to those who called the short ONCE and RECENTLY