I guess there is nothing new to learn in this thread. All this is very public information for those that care to read before jumping into the lion's den. There are that folks who know what to do about making big money and do it, then there are folks who know what to do about making big money but...
The Dow and the S&P 500 turned higher, while the Nasdaq cut losses, after CNBC television reported that a bailout for bond insurer Ambac Financial Group Inc (ABK.N) was imminent, causing financial shares to reverse losses
I'm out of Palladium positions @ $525 - I was targeting $550 but the volatility for past 2 days has been extreme, I cant take the heat. So I hand over the bag and run with my bagful. Thank You.
Time to pay attention to my Copper trade - mm something brewing there - :D :D :D :D
You have nailed it Daddy. Im also of the opinion that some strong invisible hand is vigoruosly supporting the dollar. Agressive rate cuts and then dollar rallies its amazing. I wonder when and if they will give up propping it up.
Remember also the asian banks/cartels hold the largest dollar...
Crazy volatility kicking in - so we have moved stops to $445 under today expansion bar. If it gets really parabolic it could hit $550 this week at which point we will throw in th towel and someone will carry the bag.:D :D
Stops to $430 - $5 above the last entry - Only concern on this trade is direction of the dollar - its trading in a tight range despite the agressive and promised rate cuts- why the strength - we will see