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  • Posted by evlwhtguy 2 months, 2 weeks ago
    "There are Lies, Damned Lies and Statistics"

    The best 2 courses I ever took in college was statistics...and Abnormal Psychology.

    That chart looks terrible until you actually calculate the % of the swing...it is only 1.07%!!!!! That is nothing and this merits stories of Armageddon!??? Lets have a little common sense here.
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    • Posted by  $  2 months, 2 weeks ago
      I think it was the size of the trade that was the outlier here....and the timing..
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      • Posted by evlwhtguy 2 months, 2 weeks ago
        You may well be correct. But if it only affects the market 1% it doesnt matter. It is rather like calling a minor rainfall the storm of the century and showing a picture of the damage to an ant colony. The chart shown was just typical. If you showed the whole height of the chart people would recognize this for the non event that it was....but then there would be no story.
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  • Posted by  $  blarman 2 months, 2 weeks ago
    One clarification: it wasn't physical gold, but futures being traded. Most likely it was someone betting on an announcement from the Fed. Only time will tell whether or not it pays off.
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  • Posted by  $  Susanne 2 months, 2 weeks ago
    It's good, cheap entertainment to take our attention, er, minds off whatever is being hidden at the moment...

    IIRC it was a sale not of the metal directly, but of futures contracts... my esteemed uneducated tail-scratching and dart -tossing guess is that it will have little effect in the day to day.

    Maybe it was North Korea trying to destabilize the US, and having failed that, decided to shoot ballistic missiles over Japan for fun and games... Whoever it was, they sure got people's attention for a while.
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  • Posted by freedomforall 2 months, 3 weeks ago
    Possible manipulation.
    If I didn't want the fed to announce a change, perhaps I would arrange a big trade with like minded traders as a shot across her bow.
    What would Yellen have said yesterday if this had not occurred?
    When you have access to unlimited liquidity this size trade is nothing special, especially when done between comrades.
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  • Posted by StevenRaketic 2 months, 2 weeks ago
    I found this to be of interest. Hey Mr. Trump, china is not only saying they will be world hegemon in 25 years, they are confirming it with action too.

    http://www.zerohedge.com/news/2017-09...
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    • Posted by  $  Dobrien 2 months, 2 weeks ago
      The symbol for crisis in China is the same as the symbol for opportunity. Trump is being stymied by RINO's and dem socialists. Our crisis is China's opportunity.
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      • Posted by StevenRaketic 2 months, 2 weeks ago
        As far as we are concerned, all I hope for is that after 2018 congress will be better aligned to start making the right choices. It seems like a make or break moment to me. All that depends on whether or not Trump can even stay alive. There are a lot of people dying lately.
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        • Posted by  $  Dobrien 2 months, 2 weeks ago
          Yes , everyday could be a make or break moment and yes Trump is in for a 15 rounder , hopefully The battle is taken to them everyday.
          As the article states this has been a long time coming , but of course it will be Trumps fault somehow. Oh wait of course the FLOUTS'S
          stiletto shoes tell you how Trump prioritized this issue.
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          • Posted by  $  2 months, 2 weeks ago
            There is a war going on, has been for a few years to determine the whole outlook of the society, govt control or free market. Trump is not a clear stander in any sense, but he has opened a way for better qualified people to get there beyond the crop of part annoitees we have had.
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          • Posted by StevenRaketic 2 months, 2 weeks ago
            Now this morning we have the make or break moment with North Korea. No one has a solution and right now I'm thinking that in the end there will be major loss of life somewhere. I don't know which way the market will go so I went long pm's and long volatility. I can't imagine volatility staying low when we have so many volatile and explosive issues rearing their ugly heads right now.
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      • Posted by StevenRaketic 2 months, 2 weeks ago
        Thx for reminding me about that regarding Chinese symbols. It had to be 20 years since I first heard that and I haven't had reason to think about it since then.

        I said something similar about Eastern Europe and Western Europe. The east can sit back and watch while the west collapses, then they can rise to fill the power void. I'm thinking in terms of the coming currency crisis which for Europe is tied to their sovereign debt crisis. But honestly, I haven't done my homework on who all is in the Euro, so when I think about Poland and Turkey etc gaining while the west lose, I would most likely place a losing bet in the market on an Eastern county that I mistakenly thought was not in the Euro.
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