The "up-to-the-minute Market Data" thread

i have noticed that the 'student loan' repayments (or 10% lack of payments by that many recipients of those loans) is getting a lot of press or column inches by the MSM sources

With the 40-49 year old student loan payees (yes, them old coots) defaulting (as it were, because there is a NO Default Status on studen loans for life) the most of any demographic group


Next... have any of youse noticed that the 'Euro' € has been at a several year LOW of $1.21 USD
only two days ago... it has rebounded to + $1.23 ... a surprising 2¢ increase since the allusion to a QE3 being implemented by the USA Fed.====Astounding movement

of course the British
Pound did a similar recovery... a nd It ain't the Olympics causing this dislocation...
i whisn i had the guts & money to 'short' the USD at this time for a Aug-Sept futures

Originally posted by St Udio
have any of youse noticed that the 'Euro' € has been at a several year LOW of $1.21 USD
only two days ago... it has rebounded to + $1.23 ... a surprising 2¢ increase since the allusion to a QE3 being implemented by the USA Fed.====Astounding movement
editby]

Euro advances in 5-waves- Look for correction lower before fresh highs

here's another thing that is of interest to me...as a retiree

the next 60+ days will determine the whole 3rd quarter CPI-W figures which are the basis for any SS payment increases

h\July is just about done, but let's see the BLS numbers a little more than 2 weeks from now :

The Consumer Price Indexes (CPI) program produces monthly data on changes ... July 2012 CPI data are scheduled to be released on August 15, 2012, at 8:30 ..... for Urban Wage Earners and Clerical Workers (CPI-W) to the 2007-08 period....
www.bls.gov/cpi/

emphasis mine


what will affect the markets is both the possibility of QE3 in the short run...
and the ongoing drought affecting grains/crops & food prices in all areas... the corn ethanol might itself be in very short supply...

droughts/ foods/ meats/ grains will all greatly influence the CPI numbers in this 3rd Quarter (Jul-Aug-Sep)
together with the expected Bush Tax cuts ending, the reinstatement of a 55% death tax, the SCOTUS decision that ØbamaCare is a tax and allowable...the QE3...the private business' decision to frop all health coverage on employees... all will weigh heavily on the casino markets for the rest of 2012 for sure.


the CPI-W figures are going to be extremely fraudlent in the next two months...much worse than the July figures that will obviously be rigged to benefit the Administration & the Treasury purse


low profile is the key

reply to post by St Udio


.I'm a dividend guy; especially at 15% tax rate.
With solid companies, it's a good stream of income.
I'm really worried about the administration increasing the rate and the consequences
that will have on the markets and ME

Report: Soros Unloads All Investments in Major Financial Stocks; Invests Over $130 Million In Gold

Mac Slavo
August 16th, 2012

In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012.

Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares). The total value of the stock sales amounts to nearly $50 million.

What’s equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust.

When a major global player with direct ties to the White House, Wall Street, and the banking system starts off-loading stocks and starts stacking gold, it suggests a very serious market move is set to happen. - co ntinued

Pending breakout corroborated by the charts.

Related: Paulson, Soros Add Gold as Price Declines Most Since 2008

reply to post by OBE1


OBE1,

Thanks for that, a huge heads up!

What makes this thread valuable!

Originally posted by OBE1

Report: Soros Unloads All Investments in Major Financial Stocks; Invests Over $130 Million In Gold

Mac Slavo
August 16th, 2012

In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012.

Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares). The total value of the stock sales amounts to nearly $50 million.

What’s equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust.

When a major global player with direct ties to the White House, Wall Street, and the banking system starts off-loading stocks and starts stacking gold, it suggests a very serious market move is set to happen. - co ntinued

Pending breakout corroborated by the charts.

Related: Paulson, Soros Add Gold as Price Declines Most Since 2008

Crazy stuff... Or is it just more manipulation? Perhaps just manipulation to drive gold up so he and his cronies can sell at profit? Seems like he would not unload "all" his financials if he was just manipulating but did he really unload them all or is this just media hype? Someone needs to take a look at the SEC report maybe?

Originally posted by hawkiye
Someone needs to take a look at the SEC report maybe?

SEC Filings are a matter of public record.

You can access the Soros Form 13F yourself by searching the EDGAR Database.

Here's a link to the latest filing: Soros Fund Management LLC

As you can see, Q-2 portfolio activity aligns with the information in the article; Soros Fund bought SPDR Gold Trust, dumped all major financials.

Greetings burntheships! Hope all is well with you.

OBE1

Hey guys, not posted in this thread for a while.
Just want to share this blog with you because I find it extremely informative.
The blog tracks Marc Faber's investment strategy, market analysis/outlook and media appearances.
It's updated every day with video clips and writings and you can look at an entire backlog of posts.

Here's todays post:

"Marc Faber : Most markets peaked in May 2011. The S&P 500 fell to 1,074 by Oct. 4 from 1,370. Then we had a strong rebound with the index making a new high at 1,422. This high wasn't confirmed by other indexes, such as the Value Line Index, the Russell 2000, and the Dow Jones Transportation index. The S&P 500 is vulnerable at this level. I anticipate further weakness in the second half of the year. Corporate profits will disappoint. Some 40% of S&P 500 earnings come from overseas, and a large proportion are generated in Europe. There is no resolution to the problem in Europe because no one wants to accept austerity. The best outcome for Greece probably would be to exit the euro zone. But the new Greek drachma would depreciate by 50% to 70% against the euro. The Greeks don't want their pensions paid in a depreciating currency. Nor do they want austerity, as their pensions and government salaries would be cut by 50%. - in The Barron's roundtable"

Definitely something worth looking at.

marcfaberchannel.blogspot.co.uk...

Looks like the calm before the storm may well be abating. In the wake of the financial movements indicated by the last few posts comes some very serious news from the Middle East concerning massive troop movements:

Video

Breaking News discussion here

If this goes ahead anything like indicated in this report all bets are off. Could it actually be that some of the movers and shakers really believe that large-scale war is some kind of a solution to impending financial chaos?..

www.bbc.co.uk...

Australia to increase refugee intake to 20,000 annually

So, it's true...

Australia says it will increase its intake of refugees to 20,000 a year, from the current 13,750, in line with recommendations by an expert panel.

PM Julia Gillard said the jump of 45% was the biggest increase in 30 years.

Lawmakers also recently approved the re-opening of offshore processing camps for asylum seekers in Nauru and PNG.

The moves are aimed at deterring asylum seekers from making the dangerous journey to Australia by boat, amid an increasing number of arrivals.

They gonna need lots of refugees. Expect one major war, or redirection of existing refugees from the huge area of South Asia.

American military presence already established and plans for nuclear carrier task force base drawn.

Is it normal for gold to be up 35 dollars in one day??

I just checked the market on cnn, and everything is down, except gold is up by 35, thought that was a little extreme.

yep, there's several fake sounding articles on why the euro is going up.....I'm looking for a place to get long on the U S dollar now, elliott wavers see in the short term.....count those waves on a five minute chart....because medium term shows a very bearish U S dollar further out.
I think it's war drums and everyone will run to the dollar for safety.....still a down-trodden dollar path,I project.
I'm trading very short term and am just clobbering the London open, 3 hour and 5 hour trades because of the afore - mentioned manipulation. the FOMC hands out free winnings with their announcements, like yesterday.

Originally posted by xxshadowfaxx
Is it normal for gold to be up 35 dollars in one day??

I just checked the market on cnn, and everything is down, except gold is up by 35, thought that was a little extreme.

$35 isn't abnormal when Gold is attempting to break out of a protracted consolidation pattern. We've seen larger 1 day gains in the past.

Equities took it on the nose this morning when St. Louis Fed head Bullard threw a wet blanket on the stimulus party.

Bullard Opposes Fed Bond Buying as U.S. Economy Improves

All eyes on Jackson Hole, August 31.

Originally posted by OBE1

Greetings burntheships! Hope all is well with you.

All is well OBE1, and salutations to you as well, wishes for well being!

Of interest:

Notable Large-Cap And Mid-Cap Insider Sells Filed On August 22
seekingalpha.com...

The week-end at bernie's still?

Silver closed about 30$ - its up over 10% in a week - I suppose it will trade down the next few days as 10% is quite a ways to go in a week - but if its a strong move it could reach 100$ in a day.... its just to manipulated to know what its worth - its just worth more.... that it is.....

The Dallas Fed Manufacturing Survey is in focus on the calendar, with expectations calling for a narrow improvement in August after the metric hit a 10-month low in July.Such a result may turn the markets’ attention to the recent improvement in US economic data, denting stimulus bets.

This is likely to dent inflation-hedge demand and weigh on gold and silver.

just a tidbit on the forex front........gbp/jpy is a buy.....there is a 4 H bullish hammer, followed by a spinning top with a shooting star candle,
the most bullish pattern ever to see.
it's a long trade every time!! go get em, men we'll fill our socks

reply to post by GBP/JPY


I’m with you; GBP/USD broke out of its multi-month sideways consolidation. Now it’s pulled back and is about to head higher once again. Bought at the market and place stop-loss at 1.5670 and limit to take profit at 1.6050