This 0.17% adjustment will send total shockwaves throughout the financial system!
No, all kidding aside, the USD Dollar probably will trend lower for a few weeks, but it won’t collapse 😉
GaryPost author
Where is Duck with my burrito 🙂
s29
You won’t be getting it from me, I said several times “no chance in hell the Fed is going to hike and give the election to Trump” 😉
bill
Out swimming with the other quacks who will be left way behind scratching their heads … but his call is two years long lol…
s29
Gary, how do you see the S&P at the moment? Aren’t these panic lows we saw last week usually visited again before really trusting substancially higher?
GaryPost author
When it comes to stocks I trust my cycles and PPT intervention much more than sentimentraders historical precedents.
This isn’t the same world anymore. We now live in a world of government managed markets. That’s why over the last 6-7 years we’ve seen things that have never happened before. It’s why we’ve made so much money in the stock market over the last year and a half because I do accept intervention as the norm now, and I’m getting pretty good at anticipating it, at least when it comes to stocks.
Alexandru Popovici
money pouring into my options account: eg, I wrote earlier the SPY put for December with strike 214 at the price of $5.71 and now I have the ask at $5.15.
I have no intention of covering my SPY and TLT o-t-m puts, though
Alexandru Popovici
…and now $4.65 –> PROFIT +18% IN 1 DAY – a very easy profit.
stop losses of all shorts of SPY and TLT puts are moved into profit.
humbled
haha s29 .. your response on the dollar adjustment in the SDR basket (above) is so funny .. lol
s29
Thanks. I thought it was funny because people mentioning adding the CNY to the SDR would be the end of the Dollar. But it seems all the other world currencies (GBP, EUR, JPY) are adjusted a lot more downward than the USD.
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Thanks Gary.
The Gold Bull definitely wants to buck people off and leave them behind.
Hearing from Jim Rickards about the September 30th end of dollar as we know it and now this tag along:
https://m.facebook.com/story.php?story_fbid=1086820604721175&id=100001797385530
This story is completely right, the dollar will totally collapse when the IMF is going to adjust the USD Dollar in the SDR basket from 41.9% to 41.73% : https://en.wikipedia.org/wiki/Special_drawing_rights#Value_definition
This 0.17% adjustment will send total shockwaves throughout the financial system!
No, all kidding aside, the USD Dollar probably will trend lower for a few weeks, but it won’t collapse 😉
Where is Duck with my burrito 🙂
You won’t be getting it from me, I said several times “no chance in hell the Fed is going to hike and give the election to Trump” 😉
Out swimming with the other quacks who will be left way behind scratching their heads … but his call is two years long lol…
Gary, how do you see the S&P at the moment? Aren’t these panic lows we saw last week usually visited again before really trusting substancially higher?
When it comes to stocks I trust my cycles and PPT intervention much more than sentimentraders historical precedents.
This isn’t the same world anymore. We now live in a world of government managed markets. That’s why over the last 6-7 years we’ve seen things that have never happened before. It’s why we’ve made so much money in the stock market over the last year and a half because I do accept intervention as the norm now, and I’m getting pretty good at anticipating it, at least when it comes to stocks.
money pouring into my options account: eg, I wrote earlier the SPY put for December with strike 214 at the price of $5.71 and now I have the ask at $5.15.
I have no intention of covering my SPY and TLT o-t-m puts, though
…and now $4.65 –> PROFIT +18% IN 1 DAY – a very easy profit.
stop losses of all shorts of SPY and TLT puts are moved into profit.
haha s29 .. your response on the dollar adjustment in the SDR basket (above) is so funny .. lol
Thanks. I thought it was funny because people mentioning adding the CNY to the SDR would be the end of the Dollar. But it seems all the other world currencies (GBP, EUR, JPY) are adjusted a lot more downward than the USD.
http://stockcharts.com/h-sc/ui?s=GDX&p=W&b=5&g=0&id=p82377330699