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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (71500)	7/14/2005 9:58:13 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

Ugh.... canprice.com 9 Trillion derivatives REAL VALUE (not notional) 333 Trillion Notional Value. Only increased 3-fold in the past year. Also 26 Trillion turnover in index futures and options... No wonder this market is staying afloat, and we are seeing magic rallies into expiration!!! BK is here financialsense.com Somebody owed or owes 1.6 Trillion $ to someone else in OTC derivatives and did not deliver (surprise!!!). Does not matter, as long as things are kept under the rug. Which I bet they will, until they no longer can. That activity smells very bad, along with HUGE securities lending. Systemic stress surfaced many times. All of them saved by the Fed. Coupon passes and securities lending. Strongly correlated with magic sharp rallies in stocks. Hmm... 2.4 Trillion currency derivatives, all of them US-based. And the dollar rallies. Hmm... The source is here at BIS (Swiss central bank of central banks) bis.org This suggests owning only one thing that has and will be - gold. I'm getting back fully into gold. I expect a buying opportunity in gold and silver soon. I'll be fully in by the end of August. Only minor (1/3) position in gold and silver shares. Very minor long - term puts. I don't expect puts to work. Why? Before SHTF they won't work for the same reason they don't now. Afterwards nobody will be able to pay for your puts.