Depth Trade
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Hotch
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Hotch, you just helped prove my point.
All I posted was videos on the collapse of the economy and the military.
You immediately posted on racism.
People like you are falling right into there psycological trap.
Your in denial of what's happening in right before your eyes and it is perpetuated with White Guilt. The fool is you.
This is how the Elite will entrap us.
Thanks
The irony of this is too epic to comprehend.
Depth Trade
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Depth Trade
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As suggested most positioning was weak for the majority of the week, but would not hold, hence we didn't take the positions and they failed.
Depth Trade
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No positions for the week. Have USD as weak for the week though. Looks like USD has already lost some strength, but I think that weakness is going to fade out and USD will end a little stronger.
Depth Trade
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Depth Trade
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Holding nothing, flat. Will probably put on a long metal position, if set up is there.
Two weeks ago I bought another AR-15, over the weekend I bought reloading equipment/ four thousand primers, today I bought nine pounds of gun powder and tomorrow I am picking up two thousand brass casings to reload.
That is small by american numbers, I met men with collections of five hundred firearms at the gun show I was at over the weekend.
The NWO is making a huge mistake attempting to take over this country, guarantee you on that
Two weeks ago I bought another AR-15, over the weekend I bought reloading equipment/ four thousand primers, today I bought nine pounds of gun powder and tomorrow I am picking up two thousand brass casings to reload.
That is small by american numbers, I met men with collections of five hundred firearms at the gun show I was at over the weekend.
The NWO is making a huge mistake attempting to take over this country, guarantee you on that
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Depth Trade
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Have not bought metal positions this week, as stated previously, we are waiting for my strategy to set-up for buys only (dollar weak).
That means I have dollar as being strong this week. As seen, the dollar has become strong against most currencies.
I am no longer opening currency accounts for clients, I have zero faith in the fincancial institutions, they have zero integrity. Total liars and con-men. I've been in this business for 10 years and have found no one that I could confidently direct towards management of there account, besides myself.
There is no reason to get people involved in currency, they will just lose there money. I have already had this happen over and over again. I'll gain clients by posting winning currency positions, after trading/managing there account for a few months they'll complain that they're not making enough, how certainly they could make more money trading it themselves, then proceed to lose the gains I made for them along with the all the money they have in there currency accounts.
No matter what I do, at some point my clients will attempt to trade the accounts. I can not have clients in such a risky investment.
Currency is not a product, it is nothing. It's juggling one failing product with another failing product. Both sides are working against deteriorating factors.
Yes there is money to be made, but as previously stated, as soon as a client plays around with there own account, they are guaranteed to lose it. Just a fact.
Good thing we waited, Xau has dropped 1.17%, Xag has dropped 5.12%!
So my strategy is already getting us in at better prices than if you bought randomly week to week.
As far as my posts go, I really apologize if I have offended anyone. Believe me, I don't want to live in a negative state of mind any more than you want to read it. But as they say, the truth hurts. We have to keep pressure on these people from every angle. I'm just doing my part, if it helps give someone in a higher authoritative place confidence to speak out against our potential dictators, then I have done my part.
We let them know, everyone is against the New World Order, everyone from janitors, doctors to brokers.
The CHEESE in a MOUSETRAP is real cheese, notes Eric Fry in the Rude Awakening.
That's not the whole story, of course. But typically it does prove the end of the story for every impatient and over-confident mouse.
Ten American banks profess no further need for their TARP borrowings from the government. This event is "real cheese", but it is not the whole story. So why not let some other investor-mouse take the first bite?
Many professional investors – usually bad professional investors – like to say that the stock market "looks ahead" as if the stock market can peer into the future and adjust today's stock prices accordingly. Therefore, the fact that bank stocks have doubled during the last 90 days has led some folks to declare, "Aha! The finance sector is recovering!"
The higher bank stocks go, the more these folks believe "the worst is over"...and the more they believe they should continue to bid bank stocks higher still.
But the truth of the matter is that the stock market has a hard enough time trying to see the present, without also trying to squint into the future. And on ten separate occasions during the last twenty years, Japan's Nikkei 225 Index rallied more than 30%. On four of those occasions, the Nikkei soared more than 50%. And yet, the Nikkei still sits at half the level where the first of these 10 rallies began, way back in 1990.
During each of these bear market rallies, investors invariably believed that the worst was over and that recovery lay just ahead. One of these days, the worst actually will be over in Japan, and recovery will in fact lie just ahead. But that hasn't happened yet.
Returning to the US of A, the current stock market rally has produced a gain of 40%. No Absolute Law of Financial Markets would require this rally to end soon, or would condemn the S&P 500 to following the pathetic precedent of the Nikkei 225.
Nevertheless, recent intelligence from the US financial sector suggests that the worst might NOT be over.
"The losses in the US banking system will likely exceed the entire tangible capital in the system," warned hedge fund manager, Igor Lotsvin, at last month's Value Investing Congress in Pasadena, California. "Certainly that's not going to happen for every bank. But the remaining $1 trillion of tangible equity [in the banking sector] is not sufficient.
"The losses will happen across almost every asset class...and certainly commercial [real estate lending] will be the next shoe to drop. We see the same types of issues with credit cards...This banking crisis is unlike anything we've seen before."
"And remember," Lotsvin continued, "the bulk of this crisis happened before people started losing their jobs. Historically, employment levels are a primary driver of credit quality. People default on their mortgages for three primary reasons: either interest rates spike up, you lose your job, or you're so upside down on your mortgage there's no reason to pay it, even if I have the money. What we are seeing so far is the increase in interest rates that drove so many people into default. We haven't even seen the play out of unemployment and the fact that home prices are going down at a very rapid clip, which is putting a lot of people upside down in their mortgages."
But home loans are just one small part of the reason that Lotsvin is worried. Signs of distress are beginning to appear in almost every category of bank lending – including those categories that had been holding up well until very recently.
All together, these other loan categories dwarf the size of the sub- prime mortgage market. So if the relatively small subprime market was large enough to create the biggest credit crisis since the Great Depression, what happens when the larger loan categories start to have serious problems?
"You can con investors," Lotsvin concluded, "you can con taxpayers, you can con mutual fund managers many times over...but the laws of supply and demand cannot be conned. The supply of distressed inventory is so large that there is not enough of a balance sheet to take it all onThe supply of distressed assets is astronomical."
Hedge fund manager, Jason Stock, who also appeared at the Value Investing Congress, sympathized with Lotsvin's cautionary outlook. "We think the banking sector is definitely undercapitalized," Stock warned. "We're expecting commercial loans to eat through a good portion of the capital. We think the common stockholders could be either massively diluted or wiped out in a number of the banks."
"When we look at where we're headed," Stock continued, "and we looked at what the delinquency rates are in the various categories - commercial real estate, business loans and consumer loans - those pieces of the pie have yet to see meaningful deterioration."
Stock is particularly concerned about commercial real estate loans, which represent about one third of all loans in the banking sector. "A lot of these loans were originated by [banks] that were willing to lend anybody and everybody at 90% to 95% to 100% loan to values," Stock explains, "and were giving borrowers five-year interest-only real estate loans, which was really unheard of if you went back into more traditional banking periods.
"So as these loans come due, and there's no financing available to refinance them, it's definitely a big problem...A lot of the banks that we speak to are extending these loans. So if the loans come due, instead of declaring it 'nonperforming,' everyone says, 'You know what, we're better off giving the borrower another year or two,' hoping that the cash flow can continue to make payments on the loan. But at some point these loans have to be refinanced... and we think there's a fairly limited amount of capital available that's going to lend against these vacant, distressed properties."
In other words, dear investor, expect the loans losses and writedowns to continue for a while longer. In the meantime, be wary of cheese.
Eric J.Fry, 12 Jun '09
That means I have dollar as being strong this week. As seen, the dollar has become strong against most currencies.
I am no longer opening currency accounts for clients, I have zero faith in the fincancial institutions, they have zero integrity. Total liars and con-men. I've been in this business for 10 years and have found no one that I could confidently direct towards management of there account, besides myself.
There is no reason to get people involved in currency, they will just lose there money. I have already had this happen over and over again. I'll gain clients by posting winning currency positions, after trading/managing there account for a few months they'll complain that they're not making enough, how certainly they could make more money trading it themselves, then proceed to lose the gains I made for them along with the all the money they have in there currency accounts.
No matter what I do, at some point my clients will attempt to trade the accounts. I can not have clients in such a risky investment.
Currency is not a product, it is nothing. It's juggling one failing product with another failing product. Both sides are working against deteriorating factors.
Yes there is money to be made, but as previously stated, as soon as a client plays around with there own account, they are guaranteed to lose it. Just a fact.
Good thing we waited, Xau has dropped 1.17%, Xag has dropped 5.12%!
So my strategy is already getting us in at better prices than if you bought randomly week to week.
As far as my posts go, I really apologize if I have offended anyone. Believe me, I don't want to live in a negative state of mind any more than you want to read it. But as they say, the truth hurts. We have to keep pressure on these people from every angle. I'm just doing my part, if it helps give someone in a higher authoritative place confidence to speak out against our potential dictators, then I have done my part.
We let them know, everyone is against the New World Order, everyone from janitors, doctors to brokers.
The CHEESE in a MOUSETRAP is real cheese, notes Eric Fry in the Rude Awakening.
That's not the whole story, of course. But typically it does prove the end of the story for every impatient and over-confident mouse.
Ten American banks profess no further need for their TARP borrowings from the government. This event is "real cheese", but it is not the whole story. So why not let some other investor-mouse take the first bite?
Many professional investors – usually bad professional investors – like to say that the stock market "looks ahead" as if the stock market can peer into the future and adjust today's stock prices accordingly. Therefore, the fact that bank stocks have doubled during the last 90 days has led some folks to declare, "Aha! The finance sector is recovering!"
The higher bank stocks go, the more these folks believe "the worst is over"...and the more they believe they should continue to bid bank stocks higher still.
But the truth of the matter is that the stock market has a hard enough time trying to see the present, without also trying to squint into the future. And on ten separate occasions during the last twenty years, Japan's Nikkei 225 Index rallied more than 30%. On four of those occasions, the Nikkei soared more than 50%. And yet, the Nikkei still sits at half the level where the first of these 10 rallies began, way back in 1990.
During each of these bear market rallies, investors invariably believed that the worst was over and that recovery lay just ahead. One of these days, the worst actually will be over in Japan, and recovery will in fact lie just ahead. But that hasn't happened yet.
Returning to the US of A, the current stock market rally has produced a gain of 40%. No Absolute Law of Financial Markets would require this rally to end soon, or would condemn the S&P 500 to following the pathetic precedent of the Nikkei 225.
Nevertheless, recent intelligence from the US financial sector suggests that the worst might NOT be over.
"The losses in the US banking system will likely exceed the entire tangible capital in the system," warned hedge fund manager, Igor Lotsvin, at last month's Value Investing Congress in Pasadena, California. "Certainly that's not going to happen for every bank. But the remaining $1 trillion of tangible equity [in the banking sector] is not sufficient.
"The losses will happen across almost every asset class...and certainly commercial [real estate lending] will be the next shoe to drop. We see the same types of issues with credit cards...This banking crisis is unlike anything we've seen before."
"And remember," Lotsvin continued, "the bulk of this crisis happened before people started losing their jobs. Historically, employment levels are a primary driver of credit quality. People default on their mortgages for three primary reasons: either interest rates spike up, you lose your job, or you're so upside down on your mortgage there's no reason to pay it, even if I have the money. What we are seeing so far is the increase in interest rates that drove so many people into default. We haven't even seen the play out of unemployment and the fact that home prices are going down at a very rapid clip, which is putting a lot of people upside down in their mortgages."
But home loans are just one small part of the reason that Lotsvin is worried. Signs of distress are beginning to appear in almost every category of bank lending – including those categories that had been holding up well until very recently.
All together, these other loan categories dwarf the size of the sub- prime mortgage market. So if the relatively small subprime market was large enough to create the biggest credit crisis since the Great Depression, what happens when the larger loan categories start to have serious problems?
"You can con investors," Lotsvin concluded, "you can con taxpayers, you can con mutual fund managers many times over...but the laws of supply and demand cannot be conned. The supply of distressed inventory is so large that there is not enough of a balance sheet to take it all onThe supply of distressed assets is astronomical."
Hedge fund manager, Jason Stock, who also appeared at the Value Investing Congress, sympathized with Lotsvin's cautionary outlook. "We think the banking sector is definitely undercapitalized," Stock warned. "We're expecting commercial loans to eat through a good portion of the capital. We think the common stockholders could be either massively diluted or wiped out in a number of the banks."
"When we look at where we're headed," Stock continued, "and we looked at what the delinquency rates are in the various categories - commercial real estate, business loans and consumer loans - those pieces of the pie have yet to see meaningful deterioration."
Stock is particularly concerned about commercial real estate loans, which represent about one third of all loans in the banking sector. "A lot of these loans were originated by [banks] that were willing to lend anybody and everybody at 90% to 95% to 100% loan to values," Stock explains, "and were giving borrowers five-year interest-only real estate loans, which was really unheard of if you went back into more traditional banking periods.
"So as these loans come due, and there's no financing available to refinance them, it's definitely a big problem...A lot of the banks that we speak to are extending these loans. So if the loans come due, instead of declaring it 'nonperforming,' everyone says, 'You know what, we're better off giving the borrower another year or two,' hoping that the cash flow can continue to make payments on the loan. But at some point these loans have to be refinanced... and we think there's a fairly limited amount of capital available that's going to lend against these vacant, distressed properties."
In other words, dear investor, expect the loans losses and writedowns to continue for a while longer. In the meantime, be wary of cheese.
Eric J.Fry, 12 Jun '09
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Depth Trade
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Here are a few photos I took during my last days in Acapulco. Me and some friends I met done there.
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Here are some photos of camping with some friends over the weekend. 'Big Fall Creek'
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PoliceState2009 Says:
June 17th, 2009 at 12:35 pm
HERE IS ANOTHER CODE FROM THE BLACKJACK SITE :
54686973207468652066696e616c207761726e696e67206f6e20746869732073697465202d20616c6c2066757274686572207761726e696e67732077696c6c20626520676976656e206f6e206a61636b626c61636b31322e696e666f2e2042657761726520417264656e742053656e7472792e20426520616c65727420666f722053656d69732062656172696e67207468652073756e2069636f6e2e204e6f7420616c6c206665646572616c20617574686f7269746965732061726520696e766f6c766564
Translation :
This the final warning on this site - all further warnings will be given on jackblack12.info. Beware Ardent Sentry. Be alert for Semis bearing the sun icon. Not all federal authorities are involved
http://http://www.jackblack12.info/Operation_Blackjack.html
http://https://www.kitcomm.com/showthread.php?t=44246
http://http://www.telegraph.co.uk/culture/culturepicturegalleries/4220575/Blackjack.html
dropout Says:
June 17th, 2009 at 1:26 pm
For those interested… The barcode on the jackblack12.info site reads: Blackjack is go
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Depth Trade
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Dollar did end last week stronger on 3 of the 5 majors (60%) as assumed. This week I have dollar as being strong again, but we are stil waiting for my strategy to set up to enter long metals.
August Gold Futures - Friday 19th June 2009
Someone just bought a truckload of August puts 10% below current Gold Price. Why...?
WHEN THE August Gold Futures contract was trading at the $939 level early Thursday in New York, somebody waded into the options market and bought a truckload of $850 puts, writes Brad Zigler of Hard Assets Investor.
They bought 832 of them, to be exact. At a premium of $2.50 an ounce. That's a $208,000 bet. In cash, mind you.
Most people reading Hard Assets Investor would look at such a trade and wonder, "What was the buyer thinking? Does he/she really think August gold is going to trade below the puts' $847.50 breakeven point in the next month or two...10% below current prices?"
Well, maybe. But a move below $847.50 isn't necessary to make the put trade profitable for the buyer. As long as a bit of downside volatility develops soon. And all that has to happen is an expansion of the options' perceived time value to make them worth more than the $2.50 premium paid. Because the put strike price is so far away from the current price of August gold, the premium is nothing but time value.
Time value is ethereal and elastic. It represents the value of the time left in an option's life, a sort of a rent paid to await a favorable market condition to develop that could push the option into the money.
Let's turn our attention to the seller of the puts for a moment. What is he/she up to?
Well, first and foremost, the option seller granted the purchaser the right to put, or sell, August gold to him/her at $850 an ounce, no matter what the contract's actual trading price may be. If August gold falls all the way to $800 an ounce, the put writer would still be obliged to buy the underlying futures at $850 if the option were exercised by the owner.
Buying a put is inherently a bearish play. The put purchaser makes money only if August gold declines sharply. For the put seller, in contrast, it's anything but bearish, because they're sitting on the other side of the trade, and would have to buy that gold – at that price of $850 an ounce, 10% below current levels – if the buyer opts to exercise his put. Whereas a flat market or a bull market will leave the options write sitting on a profit, as it would eat up the puts' time value, allowing the seller to pocket the premium without then having to buy the gold as well.
That's not everything, however, the put seller may have in mind. It's entirely possible that the seller anticipates gold declining and is using the puts as a long entry point. Think about this a moment. The exercise of the puts makes the option writer long August gold. The put writer could well be thinking of August gold bouncing off a support level after a tumble.
There are key retracement marks for August gold from the 2008 market swoon at $871 and $833. Maybe these option traders are giving us some clues to market thinking.
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Depth Trade
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Like I said Dollar would be strong against the majors. I am not going to position clients accounts in it though, atleast not for the time being. I'm not going to play into this Fiat money game.
Dollar is up (strong) the following % against the majors.
Eur/usd + 0.50%
Aud/usd + 2.20%
Gbp/usd + 0.91%
Usd/cad + 1.55%
Usd/chf + 1.08%
Usd/jpy - 0.36%
Xau 1.20% lower
Xag 3.44% lower
My strategy is playing out well, Xau & Xag are much lower now, getting us in at a much lower price. Still waiting for signal though.
I really just wanted you to watch this next video, you have to watch the whole thing, the music changes half way through.
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Depth Trade
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Have entered the following positions.
Aud/usd: short .8023 7
Usd/cad: long 1.1571 2
Classic FX
Balance start date: 27/06/09
+ 0 pips
Aud/usd: short .8023 7
Usd/cad: long 1.1571 2
Classic FX
Balance start date: 27/06/09
+ 0 pips
Last edited:
Depth Trade
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Depth Trade
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Depth Trade
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Have exited positions at the following prices.
Aud/usd: out at 0.7969
Usd/cad: out at 1.1607
Classic FX
Balance start date: 27/06/09
+ 90.5
Depth Trade
Experienced member
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Have entered the following positions.
Aud/usd: short .8156 8
Eur/usd: short 1.4201 8
Usd/cad: long 1.1436 8
Classic FX
Balance start date: 27/06/09
+ 90.5
Aud/usd: short .8156 8
Eur/usd: short 1.4201 8
Usd/cad: long 1.1436 8
Classic FX
Balance start date: 27/06/09
+ 90.5
Depth Trade
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Still holding positions.Have entered the following positions.
Aud/usd: short .8156 8
Eur/usd: short 1.4201 8
Usd/cad: long 1.1436 8
Classic FX
Balance start date: 27/06/09
+ 90.5
Aud/usd: + 55 pips
Eur/usd: + 50 pips
Usd/cad: + 43 pips
Classic FX
Balance start date: 27/06/09
Closed positions.
+ 90.5
Depth Trade
Experienced member
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Still holding positions.Have entered the following positions.
Aud/usd: short .8156 8
Eur/usd: short 1.4201 8
Usd/cad: long 1.1436 8
Classic FX
Balance start date: 27/06/09
+ 90.5
Aud/usd: +200 pips
Eur/usd: +107 pips
Usd/cad: +72 pips
Classic FX
Balance start date: 27/06/09
Closed positions,
+ 90.5
