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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (41623)9/15/2005 2:51:17 PM
From: ild  Read Replies (1) | Respond to of 110194
 
12:01 ET Philly Fed 2.2, vs consensus of 13.3 :Federal Reserve Bank of Philadelphia today issued the following: 'The pace of activity in the region's manufacturing sector slowed in September, according to firms polled for this month's survey. Indicators for general activity and new orders fell substantially from their readings in August and suggest little to no growth this month. Shipments increased but at a slower pace, manufacturing employment and work hours were virtually steady, and firms again reported an increase in industrial prices. The region's manufacturing executives were significantly less optimistic about future activity than in August'.



To: ild who wrote (41623)9/15/2005 3:14:56 PM
From: LLCF  Respond to of 110194
 
Thanks for keeping us up on Heinz. FWIW, I continue to agree to the position that all this business about 'naked short' manipulators holding the price down is dubious at best. As a former derivatives trader at an I-Bank I can tell you that any such decision {to be naked short mega gold on some carry trade} would come from the very top.

As usual I'll point out that I'banks regularly hold positions in exchanges listed products {say short gold} against OTC positions {call options bought from Barrick for instance}.

Someone would have to show me that the shorts in gold are larger than all long contracts outstanding in all market places combined for me to buy into any manipulation idea.

DAK



To: ild who wrote (41623)9/16/2005 12:06:37 AM
From: jackjc  Respond to of 110194
 
Thanks for posting these. The more I follow them the more
I respect the excellent judgement he displays on so many
subjects.