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  1. bone

    If you were going to short Silver, would you do it now (if not already broke) ?

    Oh hell yes I would agree with that. Copper is a really wild one as well. Seems like Gold is the gentle pussycat of the three. I have clients spreading between all of the LME and Comex metals complex. Getting LME access can be a bitch, but the clients doing it are printing money. Lots...
  2. bone

    futures secured account and bankrupt risk

    The OTC FX market doesn't count - I still haven't personally seen evidence of a US citizen losing segregated funds placed with a regulated FCM in the US. Anyone ?
  3. bone

    If you were going to short Silver, would you do it now (if not already broke) ?

    I actually spread 2 Gold futures versus 1 Silver future on the Comex - lots of juice, a bit better behaved IMO than the flat price futures. Legging them is an adventure.
  4. bone

    Catholics. wtf is wrong with you people?

    Legitimate "FREE THINKERS" do not make such dull and intellectually-bankrupt value judgements on the morality of others. Period. What gives you the authority to stand in judgement of others and their religous beliefs? Your logic is shallow and flawed, your arguements on the intellectual...
  5. bone

    Why the ratio for 2/10 curve trade is 3:1 on the CME website rather than >4:1?

    http://www.cmegroup.com/trading/interest-rates/intercommodity-spread.html They have not published June 2011 yet. Know anybody with a Bloomberg? Google "calculate interest rate DV01" it is a long, technical answer that doesn't lend itself well to a brief ET response. Martin Ghoul...
  6. bone

    What's driving NG down?

    If the flat price directional future is a bit much for you in terms of risk, the calendar spread is a reasonable alternative. The spread has quite a bit of delta directional risk these days - in other words, it moves directionally with the flat price future, and this is not always the case...
  7. bone

    futures secured account and bankrupt risk

    Swan, your STD compulsion aside, please provide a specific example where a regulated US FCM did not return segregated funds to a US citizen. § 1.24 Segregated funds; exclusions therefrom. Money held in a segregated account by a futures commission merchant shall not include: (a) Money...
  8. bone

    The S&P has topped !

    Ummm, for these kinds of macro predictions, you need to be using Daily bars. A good hard peek at the Weekly would be a good idea as well.
  9. bone

    The S&P has topped !

    "Also, until we reach new ATHs this is as much a real "bull market" as the 2004-2007 market was." And like timing a high in those markets without technical confirmation, you would have run out of capital long before the market turned your way. If you think the S&P is at a high right here...
  10. bone

    Counties are so desperate they choose gravel over asphalt

    How much do you suppose the left wants? 75% ? 90 % ? They already take half. Fed, State, County, Local. What exactly is fair ? FU I will quit and get on the dole like everyone else. Welfare nanny state. Suicide pact.
  11. bone

    The S&P has topped !

    "The market won't sell off until it becomes obvious what kind of deep trouble the Chinese bubble(s), US debt levels and a few other issues are going to cause. Timing when it will become obvious it really difficult as it may require some sort of external shock to remove all doubt, however you may...
  12. bone

    Counties are so desperate they choose gravel over asphalt

    That stimulus money was a Democratic machine pay-off in-kind for state-approved construction unions (bidders list) and public service union employees of all kinds. They did not lose jobs. The work didn't necessarily get done because as Obama admitted later there were no such things as 'shovel...
  13. bone

    Why the ratio for 2/10 curve trade is 3:1 on the CME website rather than >4:1?

    All of the shorter duration futures hedge ratios tend to change more severely as the CTD changes. Eurex Schatz a great case in point.
  14. bone

    Wikileaks: Saudi reserves are overstated by 40%

    Futures market not playing along.
  15. bone

    Counties are so desperate they choose gravel over asphalt

    Well, 40 years ago, the US Federal Gov't and States and Counties did not operate on a deficit basis with the exception of WWII and a few years afterwards. And 40 years ago there were alot more gravel roads than there are now. It's called not spending more money than you are taking in...
  16. bone

    If you were going to short Silver, would you do it now (if not already broke) ?

    I really don't see a technical reason to short silver in here in terms of what IMO I perceive to be adequate risk/reward skew. In other words, the optimum short percentage-wise would be around 2900 after you've printed a couple clear daily closes below the current channel trendline support...
  17. bone

    statistical analysis

    http://www.washingtonpost.com/wp-dyn/content/article/2011/02/06/AR2011020602236.html Timely article. I have definitely noticed that correlations are very dynamic past few months in the equity baskets. What was for a long time no longer is. Lots of displacement - much of it very surprising...
  18. bone

    Why You Should Periodically Rot Your Mind on ET

    Very good article, thanks for the link. Probably dovetails nicely into the observance that ADD/ADHD people are so creative, and at the some time somewhat impulsive.
  19. bone

    WTI-Brent

    Great article in Alphaville, pretty much sums it up. Energy in general has always been about the 'path of pain', with Nat Gas, Electricity, and lots of petroleum products where there are recurring circumstances where basis and carry costs are over-ridden in a big way. When you look at...
  20. bone

    Adding to Winning trades only

    trailing stops.
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