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Chris Scoreboard Johnston
ParticipantFor what it’s worth, we are at the time of year when one of the most reliable seasonal patterns in the futures markets normally kicks in. This is the tendency for 30 yr Bond prices to rise, hence lowering rates. Although no seasonal pattern I know of has been right 100% of the time, this is one of the best and most consistently reliable patterns. I am looking to establish a long position there right now, just trying to dial in a pattern that confirms the seasonals. Commercials have been buying this decline as of the last month or so, which is an added bonus on the long side. Furthermore, the valuation of 30 yr bonds in relation to Gold shows them to be extremely undervalued, and sentiment is excessively bearish. This is a very good setup for a rally in this market.
For these reasons I expect to see a rally very soon in 30 Yr Bond prices.
Chris Scoreboard Johnston
ParticipantFor what it’s worth, we are at the time of year when one of the most reliable seasonal patterns in the futures markets normally kicks in. This is the tendency for 30 yr Bond prices to rise, hence lowering rates. Although no seasonal pattern I know of has been right 100% of the time, this is one of the best and most consistently reliable patterns. I am looking to establish a long position there right now, just trying to dial in a pattern that confirms the seasonals. Commercials have been buying this decline as of the last month or so, which is an added bonus on the long side. Furthermore, the valuation of 30 yr bonds in relation to Gold shows them to be extremely undervalued, and sentiment is excessively bearish. This is a very good setup for a rally in this market.
For these reasons I expect to see a rally very soon in 30 Yr Bond prices.
Chris Scoreboard Johnston
ParticipantFor what it’s worth, we are at the time of year when one of the most reliable seasonal patterns in the futures markets normally kicks in. This is the tendency for 30 yr Bond prices to rise, hence lowering rates. Although no seasonal pattern I know of has been right 100% of the time, this is one of the best and most consistently reliable patterns. I am looking to establish a long position there right now, just trying to dial in a pattern that confirms the seasonals. Commercials have been buying this decline as of the last month or so, which is an added bonus on the long side. Furthermore, the valuation of 30 yr bonds in relation to Gold shows them to be extremely undervalued, and sentiment is excessively bearish. This is a very good setup for a rally in this market.
For these reasons I expect to see a rally very soon in 30 Yr Bond prices.
Chris Scoreboard Johnston
ParticipantFor what it’s worth, we are at the time of year when one of the most reliable seasonal patterns in the futures markets normally kicks in. This is the tendency for 30 yr Bond prices to rise, hence lowering rates. Although no seasonal pattern I know of has been right 100% of the time, this is one of the best and most consistently reliable patterns. I am looking to establish a long position there right now, just trying to dial in a pattern that confirms the seasonals. Commercials have been buying this decline as of the last month or so, which is an added bonus on the long side. Furthermore, the valuation of 30 yr bonds in relation to Gold shows them to be extremely undervalued, and sentiment is excessively bearish. This is a very good setup for a rally in this market.
For these reasons I expect to see a rally very soon in 30 Yr Bond prices.
Chris Scoreboard Johnston
ParticipantWe are about to begin another big leg down in most markets, when that happens the hyperinflation scare that the gold sellers are trying to create will take a back seat to deflation again for awhile. You will have time to make this decision. The government is trying very hard to hold things up and who could blame them. However, eventually when large fund liquidations begin, this wave will get going on the downside and even the PPT won’t be able to stop it. I am not sure if Gold will come way down or not, but at the very best it will go sideways.
I did hear on the radio today that two consecutive closes in Gold over 981 will result in an immediate move to 1200 by Joe Batalia. So I guess you could go to Gold Line and pay 1275 for Gold there with the 30% premium over spot for commissions and handling etc.. That way if it holds during the down cycle you will have only lost 30%, sounds like a good investment to me.
Chris Scoreboard Johnston
ParticipantWe are about to begin another big leg down in most markets, when that happens the hyperinflation scare that the gold sellers are trying to create will take a back seat to deflation again for awhile. You will have time to make this decision. The government is trying very hard to hold things up and who could blame them. However, eventually when large fund liquidations begin, this wave will get going on the downside and even the PPT won’t be able to stop it. I am not sure if Gold will come way down or not, but at the very best it will go sideways.
I did hear on the radio today that two consecutive closes in Gold over 981 will result in an immediate move to 1200 by Joe Batalia. So I guess you could go to Gold Line and pay 1275 for Gold there with the 30% premium over spot for commissions and handling etc.. That way if it holds during the down cycle you will have only lost 30%, sounds like a good investment to me.
Chris Scoreboard Johnston
ParticipantWe are about to begin another big leg down in most markets, when that happens the hyperinflation scare that the gold sellers are trying to create will take a back seat to deflation again for awhile. You will have time to make this decision. The government is trying very hard to hold things up and who could blame them. However, eventually when large fund liquidations begin, this wave will get going on the downside and even the PPT won’t be able to stop it. I am not sure if Gold will come way down or not, but at the very best it will go sideways.
I did hear on the radio today that two consecutive closes in Gold over 981 will result in an immediate move to 1200 by Joe Batalia. So I guess you could go to Gold Line and pay 1275 for Gold there with the 30% premium over spot for commissions and handling etc.. That way if it holds during the down cycle you will have only lost 30%, sounds like a good investment to me.
Chris Scoreboard Johnston
ParticipantWe are about to begin another big leg down in most markets, when that happens the hyperinflation scare that the gold sellers are trying to create will take a back seat to deflation again for awhile. You will have time to make this decision. The government is trying very hard to hold things up and who could blame them. However, eventually when large fund liquidations begin, this wave will get going on the downside and even the PPT won’t be able to stop it. I am not sure if Gold will come way down or not, but at the very best it will go sideways.
I did hear on the radio today that two consecutive closes in Gold over 981 will result in an immediate move to 1200 by Joe Batalia. So I guess you could go to Gold Line and pay 1275 for Gold there with the 30% premium over spot for commissions and handling etc.. That way if it holds during the down cycle you will have only lost 30%, sounds like a good investment to me.
Chris Scoreboard Johnston
ParticipantWe are about to begin another big leg down in most markets, when that happens the hyperinflation scare that the gold sellers are trying to create will take a back seat to deflation again for awhile. You will have time to make this decision. The government is trying very hard to hold things up and who could blame them. However, eventually when large fund liquidations begin, this wave will get going on the downside and even the PPT won’t be able to stop it. I am not sure if Gold will come way down or not, but at the very best it will go sideways.
I did hear on the radio today that two consecutive closes in Gold over 981 will result in an immediate move to 1200 by Joe Batalia. So I guess you could go to Gold Line and pay 1275 for Gold there with the 30% premium over spot for commissions and handling etc.. That way if it holds during the down cycle you will have only lost 30%, sounds like a good investment to me.
Chris Scoreboard Johnston
ParticipantThere are a couple of things that cause this type of close. First the month end mark up has a good up bias on the 21st trading day of the month, this is due to what positions funds want to show at months end. You need to have the big gain stocks in your portfolio at months end even if it means you bought them in the last 30 seconds. This is called Window Dressing in the street Jargon.
Second, the PPT is very active at certain times and whenever you see Goldman very active in program trading that is most likely the PPT, they have an account there rumor has it. When you see that skew in their program trading, they are doing the governments manipulation work. They know how bad things are out there, but they need to keep this market up to help sell the story about how much good their actions are doing.
PPT has been around for awhile, and this is how you spot them at work, look for end of the day saves particularly on down days, but this was also the PPT at work. Now that the government has more control over GS it helps them conduct their futures program manipulation at times when they want to do it. GS was also one of the big firms that had the CIT fund accounts that helped manipulate the price of Crude up last year, ducking the CFTC guidelines that would normally apply to Large Speculators by getting commercial status under the CIT label. This allowed them to have unlimited position sizes like commercials have and enabled them to push prices to a ridiculous level.
Commercials are afforded that status due to the hedging nature of their operations, so when the govt mistakenly gave these funds that designation they set the stage for what happened. Of course they then cried foul and blamed the speculators! An acquaintance of mine went before congress to explain all this to them and of course they dismissed him once they realized he was more on top of what had happened than they thought.
Chris Scoreboard Johnston
ParticipantThere are a couple of things that cause this type of close. First the month end mark up has a good up bias on the 21st trading day of the month, this is due to what positions funds want to show at months end. You need to have the big gain stocks in your portfolio at months end even if it means you bought them in the last 30 seconds. This is called Window Dressing in the street Jargon.
Second, the PPT is very active at certain times and whenever you see Goldman very active in program trading that is most likely the PPT, they have an account there rumor has it. When you see that skew in their program trading, they are doing the governments manipulation work. They know how bad things are out there, but they need to keep this market up to help sell the story about how much good their actions are doing.
PPT has been around for awhile, and this is how you spot them at work, look for end of the day saves particularly on down days, but this was also the PPT at work. Now that the government has more control over GS it helps them conduct their futures program manipulation at times when they want to do it. GS was also one of the big firms that had the CIT fund accounts that helped manipulate the price of Crude up last year, ducking the CFTC guidelines that would normally apply to Large Speculators by getting commercial status under the CIT label. This allowed them to have unlimited position sizes like commercials have and enabled them to push prices to a ridiculous level.
Commercials are afforded that status due to the hedging nature of their operations, so when the govt mistakenly gave these funds that designation they set the stage for what happened. Of course they then cried foul and blamed the speculators! An acquaintance of mine went before congress to explain all this to them and of course they dismissed him once they realized he was more on top of what had happened than they thought.
Chris Scoreboard Johnston
ParticipantThere are a couple of things that cause this type of close. First the month end mark up has a good up bias on the 21st trading day of the month, this is due to what positions funds want to show at months end. You need to have the big gain stocks in your portfolio at months end even if it means you bought them in the last 30 seconds. This is called Window Dressing in the street Jargon.
Second, the PPT is very active at certain times and whenever you see Goldman very active in program trading that is most likely the PPT, they have an account there rumor has it. When you see that skew in their program trading, they are doing the governments manipulation work. They know how bad things are out there, but they need to keep this market up to help sell the story about how much good their actions are doing.
PPT has been around for awhile, and this is how you spot them at work, look for end of the day saves particularly on down days, but this was also the PPT at work. Now that the government has more control over GS it helps them conduct their futures program manipulation at times when they want to do it. GS was also one of the big firms that had the CIT fund accounts that helped manipulate the price of Crude up last year, ducking the CFTC guidelines that would normally apply to Large Speculators by getting commercial status under the CIT label. This allowed them to have unlimited position sizes like commercials have and enabled them to push prices to a ridiculous level.
Commercials are afforded that status due to the hedging nature of their operations, so when the govt mistakenly gave these funds that designation they set the stage for what happened. Of course they then cried foul and blamed the speculators! An acquaintance of mine went before congress to explain all this to them and of course they dismissed him once they realized he was more on top of what had happened than they thought.
Chris Scoreboard Johnston
ParticipantThere are a couple of things that cause this type of close. First the month end mark up has a good up bias on the 21st trading day of the month, this is due to what positions funds want to show at months end. You need to have the big gain stocks in your portfolio at months end even if it means you bought them in the last 30 seconds. This is called Window Dressing in the street Jargon.
Second, the PPT is very active at certain times and whenever you see Goldman very active in program trading that is most likely the PPT, they have an account there rumor has it. When you see that skew in their program trading, they are doing the governments manipulation work. They know how bad things are out there, but they need to keep this market up to help sell the story about how much good their actions are doing.
PPT has been around for awhile, and this is how you spot them at work, look for end of the day saves particularly on down days, but this was also the PPT at work. Now that the government has more control over GS it helps them conduct their futures program manipulation at times when they want to do it. GS was also one of the big firms that had the CIT fund accounts that helped manipulate the price of Crude up last year, ducking the CFTC guidelines that would normally apply to Large Speculators by getting commercial status under the CIT label. This allowed them to have unlimited position sizes like commercials have and enabled them to push prices to a ridiculous level.
Commercials are afforded that status due to the hedging nature of their operations, so when the govt mistakenly gave these funds that designation they set the stage for what happened. Of course they then cried foul and blamed the speculators! An acquaintance of mine went before congress to explain all this to them and of course they dismissed him once they realized he was more on top of what had happened than they thought.
Chris Scoreboard Johnston
ParticipantThere are a couple of things that cause this type of close. First the month end mark up has a good up bias on the 21st trading day of the month, this is due to what positions funds want to show at months end. You need to have the big gain stocks in your portfolio at months end even if it means you bought them in the last 30 seconds. This is called Window Dressing in the street Jargon.
Second, the PPT is very active at certain times and whenever you see Goldman very active in program trading that is most likely the PPT, they have an account there rumor has it. When you see that skew in their program trading, they are doing the governments manipulation work. They know how bad things are out there, but they need to keep this market up to help sell the story about how much good their actions are doing.
PPT has been around for awhile, and this is how you spot them at work, look for end of the day saves particularly on down days, but this was also the PPT at work. Now that the government has more control over GS it helps them conduct their futures program manipulation at times when they want to do it. GS was also one of the big firms that had the CIT fund accounts that helped manipulate the price of Crude up last year, ducking the CFTC guidelines that would normally apply to Large Speculators by getting commercial status under the CIT label. This allowed them to have unlimited position sizes like commercials have and enabled them to push prices to a ridiculous level.
Commercials are afforded that status due to the hedging nature of their operations, so when the govt mistakenly gave these funds that designation they set the stage for what happened. Of course they then cried foul and blamed the speculators! An acquaintance of mine went before congress to explain all this to them and of course they dismissed him once they realized he was more on top of what had happened than they thought.
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