Wt Indu Metals Discussion Threads

[collection agency] 28/5/2006 02:33

Its a long till it isn't. eh moonie?

(ps, he asked and I informed on Friday)

11450/11500 easy if they want it. I hope they do. Cos if they do, we have a real line in the sand, use it.

[tonystringy] 27/5/2006 23:30

Good post sommet.

Makes perfect sense.

[tonystringy] 27/5/2006 23:07

never seen it do that

[tub of lard] 27/5/2006 22:49

it could go sideways

[ajm123] 27/5/2006 22:41

long or short??

[leeshindig] 27/5/2006 20:53

it may be a long

[leeshindig] 27/5/2006 20:53

no.. end of month/start of month..

just a thought...

[ajm123] 27/5/2006 20:09

leeshindig

why short wednesday/thursday?

US news out?

[sommet2] 27/5/2006 18:46

The FED will hike 25 basis points because if it does not the next increase will be 50 basis points.The Market has got so used to 25 basis points that it takes the increase in its stride - however a larger rise would start a panic.

Oil and metal prices are not coming down - why should they.All they are doing is catching up with 20 years of being undervalued.The US economy has prospered during these 20 years because of cheap raw material prices but at the expense of poorer countries.This is changing and many undeveloped countries will become seriously rich.It is not surprising that higher commodity prices are causing inflation in the USA and Europe and of course the normal response of Central Banks is to raise interest rates.Because the FED does not include Energy costs in its benchmark inflation calculations the true rate of inflation in the US is around 7% and rising.Think about it.Crude has gone up from $20 to $70 in two years and the US is the biggest consumer of energy in the World - and the FED tells the world that inflation is only 2.1%.This is the biggest deception in history.Eventually these energy costs will hurt companies so much that they will have to raise prices and the core rate will keep on going up.I can see interest rates at 6% by the end of this year.

Another reason for higher interest rates is that the US needs the Chinese to keep buying Treasury bills.The Chinese have said they intend to switch a proportion of their US dollar holdings into Gold and other currencies.They could change this if dollar paper was very attractive to hold.

The last 20 years belonged to American the next 20 will belong to low cost producers like China and India and any country that is a significant commodity producer- the US is excluded because it is a net importer.

[tub of lard] 27/5/2006 18:23

This simple?

[leeshindig] 27/5/2006 17:21

short wednesday/thursday?

[leeshindig] 27/5/2006 17:19

simpler please joe, simpler

[joe moon] 27/5/2006 17:03

how simple do you want it

[joe moon] 27/5/2006 17:00

how simple do you want it

[ajm123] 27/5/2006 16:56

May 27 (Bloomberg) -- The dollar gained for a second week against the euro and yen as speculation increased that the Federal Reserve will lift its benchmark lending rate for a 17th straight time next month.

The U.S. currency climbed from a one-year low against the euro and the weakest since September versus the yen as traders added to bets the Fed will raise rates. Dollar strength was bolstered yesterday after the Commerce Department said a gauge of U.S. prices increased 2.1 percent, above what Fed Chairman Ben S. Bernanke said he considers acceptable.

``There's a higher probability that the Fed will hike,'' said Michael Woolfolk, senior currency strategist at Bank of New York. ``That's good for the dollar.''

SEEMS TO BE A LOT OF CONTRADICTORY NEWS OUT THERE.....!

[tub of lard] 27/5/2006 09:48

Morning Raven, hows yer shorts.

[tonystringy] 26/5/2006 23:50

Thanks jack.

[raven] 26/5/2006 23:08

>ajm

Food for thought.............. any chance of a thomas Tank between threads ;)

p.s

Dubya won't tell if you don't.

xxx

[ajm123] 26/5/2006 23:07

Food for thought.....continued extract from Bloomberg

Acceptable Range?

The personal consumption expenditure index, minus food and energy, added 0.2 percent in April, matching economists' estimates, and was up 2.1 percent from the same month in 2005. The gauge, contained in the personal spending report, is the Fed's preferred measure of inflation.

The year-on-year increase exceeded the top end of the Fed's preferred zone for the first time since March 2005. Fed Chairman Ben S. Bernanke said he is comfortable with inflation of 1 percent to 2 percent.

[ajm123] 26/5/2006 23:06

Food for thought.....continued extract from Bloomberg

Acceptable Range?

The personal consumption expenditure index, minus food and energy, added 0.2 percent in April, matching economists' estimates, and was up 2.1 percent from the same month in 2005. The gauge, contained in the personal spending report, is the Fed's preferred measure of inflation.

The year-on-year increase exceeded the top end of the Fed's preferred zone for the first time since March 2005. Fed Chairman Ben S. Bernanke said he is comfortable with inflation of 1 percent to 2 percent.

[tonystringy] 26/5/2006 22:49

spec....FOMC....thanks for the translation but as a complete novice I still haven't a clue as to what it actually means.

Considering taking out some new positions Tuesday but still very wary......not too confident in strength of US economy.

[miata] 26/5/2006 22:27

May 30 10:00 AM Consumer Confidence May

May 31 10:00 AM Chicago PMI May
May 31 10:30 AM Crude Inventories
May 31 2:00 PM FOMC Minutes May 10

Jun 1 12:00 AM Auto Sales May
Jun 1 12:00 AM Truck Sales May
Jun 1 8:30 AM Initial Claims 05/27
Jun 1 8:30 AM Productivity-Rev. Q1
Jun 1 10:00 AM Construction Spending Apr
Jun 1 10:00 AM ISM Index May

Jun 2 8:30 AM Average Workweek May
Jun 2 8:30 AM Hourly Earnings May
Jun 2 8:30 AM Nonfarm Payrolls May
Jun 2 8:30 AM Unemployment Rate May
Jun 2 10:00 AM Factory Orders Apr

[spec97] 26/5/2006 21:55

ajm, no I didn't say that. I am actually one of the few here who think that the upside has more to go. Watch 11350 and 1290 next week. These will be critical.

[ajm123] 26/5/2006 21:53

Food for thought....Extract taken from AFX

After the personal income and spending report, the odds of a quarter-percentage-point increase in U.S. interest rates fell on the federal-funds-futures market. The federal-funds rate currently stands at 5%.

For Roy Blumberg, chief equity strategist at Sterne, Agee & Leach, the inflation report was good enough to supply 'a trading bounce,' coming as it does from an 'extremely oversold' position.

Blumberg says, however, that the market may not quite be at the end of the decline. 'It's probably two-thirds to three-quarters over.'

The stock market began its decline after the Fed raised interest rates at its May 10 meeting and left the door open to further rate increases should inflationary pressures pick up in the economy.