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


To: bart13 who wrote (81507)5/4/2007 8:19:30 PM
From: orkrious  Respond to of 110194
 
@pm indices -- trotsky, 15:58:56 05/04/07 Fri
getting whacked into the close. feels like there market is prepping for weakness next week. the net speculative position in gold futures has also barely moved in the recent pullback.
the price action in combination with the other data mentioned earlier suggests we're heading for some trouble near term.

@sentiment data -- trotsky, 12:37:33 05/04/07 Fri
another negative: the XAU put/call OI has declined to 0.94. over the past two days. this is not good.

#

# @money flows -- trotsky, 12:31:01 05/04/07 Fri
alert: gold stock money flows are turning negative today.

the statistical wool in house price reports -- trotsky, 11:37:29 05/04/07 Fri
this was pointed out to me and i decided to pass it on:
we keep hearing things like 'sales collapsed by 40%. however, the median house price rose by 0.8%' (or similar stuff).
the main reason for this is actually NOT that house prices overall are rising in the face of the collapse in sales. the reason is that the median is jumping around, due to the fact that the sales slowdown is most pronounced in lower priced homes. in short, in reality, prices ARE falling as well for most houses - the median is merely skewed by the luxury , upscale locations segment, where the buyers are not subject to recessionary pain and thus are escaping the price sensitivity the 'average' house is subjected to.

illustration of the above: Orange County RE sales report
ocregister.com