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Strategies & Market Trends : Winter in the Great White North

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To: ralfph who wrote (7750)7/25/2011 3:24:25 AM
From: marcos   of 8273
 
It's always darkest just before dawn. So if you're going to steal the neighbour's newspaper, that's the time to do it.

joecasaletto.com

Trying to make up the fifty trades per month, when things are slow, has driven me to be that turd a time or two, but only on the sell side to discourage somebody one-pennying me on the bid ... or ha'pennying me now, with the half-cent increment ... some of the little back-and-forth jobs with wide spreads and no apparent specialist are great, until somebody else figures out what you're doing ... there is one i'm trying again in the morning, the competition has gone away according to my read of the depth, but i'll be lucky to have two days at it before he/she/it notices and comes back, the nickel or so spread means less too, as it's moved up, was great at bid/ask .12/.20 and all you had to do was stay just inside those and be patient

nkl.v - had already moved lots when i first saw it, don't like chasing so passed it up, it's tripled since then, lol ... ber.v - should have gone with first hunch in the low .20s, figured it had another dime or so in it, would have been mostly out by .40 probably, can't stay at computer so have to use standing orders ... just didn't have the interest, mind all full of real life detail, also wouldn't have wanted to take any of that home for the weekend

How can it possibly tank gold that They come up with a deal to raise US debt ceiling another trillion or whatever? ... how can that be read as anything but another step on the road to complete meaninglessness for $usd? ... no sovereign state of any size has ever paid off any sizable amount of debt, it ain't gonna happen here for sure, there has to be default, the sudden kind of default where you say hey we're not gonna pay and that's that will bring immediate repercussions, They will go for the steady creeping kind of default, inflate the currency of denomination, get elected again and probably pensioned off in the end, because few will notice, and even less care
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