Comments on: SOMETHING BIG IS ABOUT TO HAPPEN? http://pragcap.com/something-big-is-abou-to-happen Fri, 19 Mar 2010 20:42:27 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Girish http://pragcap.com/something-big-is-abou-to-happen#comment-8975 Girish Sat, 14 Nov 2009 13:36:05 +0000 http://pragcap.com/?p=12479#comment-8975 You can try Indian banks. They will do it for a small fee of 25$ You can try Indian banks. They will do it for a small fee of 25$

]]> By: Rich http://pragcap.com/something-big-is-abou-to-happen#comment-8970 Rich Sat, 14 Nov 2009 04:46:09 +0000 http://pragcap.com/?p=12479#comment-8970 Good luck with OBama & Bernake a repeat of Bush,Cheney & GREENSPAN could see it coming in 2005 went to cash(small specs in the market mostly commodities) sold everything over the next 2years & worked overseas since that time expected this to crash in early 2007 living in South Africa at least for now. Real estate especially coastal areas & farmland much much cheaper than the US ,infrastructure similar to the US I have been coming here for 5 yrs as I was a contractor for the military in Afghanistan & Iraq & looked at other countries including Australia & India(Aust. to expensive love India but gov. too contolling) The money you bring in can easily be taken out also a kickoff point to look at other African countries I met many others from Nigeria , Kenya & Seirra Leone working for the military & also always meet other American Expats helped be in one large profitable real estate deal. Biggest problem now is the rapidly depreciating dollar & the overvalued $rand is a major complaint here among farmers ,unions , exporters & myself I believe the $US will turn but again I have been saying that for 4mos. Good luck with OBama & Bernake a repeat of Bush,Cheney & GREENSPAN could see it coming in 2005 went to cash(small specs in the market mostly commodities) sold everything over the next 2years & worked overseas since that time expected this to crash in early 2007 living in South Africa at least for now.
Real estate especially coastal areas & farmland much much cheaper than the US ,infrastructure similar to the US I have been coming here for 5 yrs as I was a contractor for the military in Afghanistan & Iraq & looked at other countries including Australia & India(Aust. to expensive love India but gov. too contolling)
The money you bring in can easily be taken out also a kickoff point to look at other African countries I met many others from Nigeria , Kenya & Seirra Leone working for the military & also always meet other American Expats helped be in one large profitable real estate deal.
Biggest problem now is the rapidly depreciating dollar & the overvalued $rand is a major complaint here among farmers ,unions , exporters & myself
I believe the $US will turn but again I have been saying that for 4mos.

]]> By: David http://pragcap.com/something-big-is-abou-to-happen#comment-8967 David Sat, 14 Nov 2009 03:13:31 +0000 http://pragcap.com/?p=12479#comment-8967 When do the commercial shorts in gold cover? They are getting killed. The margin calls must be eating up some serious money. Everybody expects a big move down in gold and up in the dollar, but occasionally it works the other way. Why is the dollar short position considered large? The CME is only one market and there are some holders of hundreds of billions of dollars who want something else. The RBI demonstrated that when they bought 200 metric tonnes of gold. There is no fundamental reason to go long the dollar. The deficits just keep growing and now the trade deficit is growing again too. The fed is still buying mortgage debt in bulk quantities. There is considerable speculation about who actually bought the 80+ billion in notes this week. So I don't understand all of the oohs and ahs about the "big" dollar short position. What is the actual dollar amount of the short position? Last week the Reuters IMM report showed it to be about 10 billion dollars in size. That's chump change. When do the commercial shorts in gold cover? They are getting killed. The margin calls must be eating up some serious money. Everybody expects a big move down in gold and up in the dollar, but occasionally it works the other way.

Why is the dollar short position considered large? The CME is only one market and there are some holders of hundreds of billions of dollars who want something else. The RBI demonstrated that when they bought 200 metric tonnes of gold.

There is no fundamental reason to go long the dollar. The deficits just keep growing and now the trade deficit is growing again too. The fed is still buying mortgage debt in bulk quantities. There is considerable speculation about who actually bought the 80+ billion in notes this week. So I don’t understand all of the oohs and ahs about the “big” dollar short position. What is the actual dollar amount of the short position? Last week the Reuters IMM report showed it to be about 10 billion dollars in size. That’s chump change.

]]> By: Grand Supercycle http://pragcap.com/something-big-is-abou-to-happen#comment-8878 Grand Supercycle Thu, 12 Nov 2009 16:02:03 +0000 http://pragcap.com/?p=12479#comment-8878 I use technical analysis to identify trends. My long term USD indicator has been giving BULLISH warnings for some time and I am expecting a USD rally. My indicators can identify trend changes before they occur. They warned me of an impending market crash back in early *2007* The VIX continues to give bullish warnings as well. The primary trend for stocks remains down, is the current bear market rally ending ? http://twitter.com/GrandSupercycle I use technical analysis to identify trends.

My long term USD indicator has been giving BULLISH warnings for some time and I am expecting a USD rally.

My indicators can identify trend changes before they occur.

They warned me of an impending market crash back in early *2007*

The VIX continues to give bullish warnings as well.

The primary trend for stocks remains down, is the current bear market rally ending ?

http://twitter.com/GrandSupercycle

]]> By: John http://pragcap.com/something-big-is-abou-to-happen#comment-8857 John Thu, 12 Nov 2009 07:08:47 +0000 http://pragcap.com/?p=12479#comment-8857 I'm looking at Andorra as a possible place to move myself and my money to. Check out their tax structure. Plus, there's really good skiing there. The ObamaNation has me Fed up. I’m looking at Andorra as a possible place to move myself and my money to. Check out their tax structure. Plus, there’s really good skiing there. The ObamaNation has me Fed up.

]]> By: DosZap http://pragcap.com/something-big-is-abou-to-happen#comment-8836 DosZap Wed, 11 Nov 2009 23:20:31 +0000 http://pragcap.com/?p=12479#comment-8836 Have no fear!............ Senator Dodd, has a 1000 page Bill almost ready to REMOVE all the powers of the Fed,remove Helcopter Ben's control,and likely Little Timmy, and the Congress is going to start setting policy!. Now, doesn't that make US all feel better?. Since he did so well with FM/FM.......... Anyone know a reasonable OFFSHORE place to live?. I think what we have seen thus far, is a party, once the Commercial loans meltdowns really get in gear. ( wonder where that several Trillions coming from?). Have no fear!…………
Senator Dodd, has a 1000 page Bill almost ready to REMOVE all the powers of the Fed,remove Helcopter Ben’s control,and likely Little Timmy, and the Congress is going to start setting policy!.

Now, doesn’t that make US all feel better?.
Since he did so well with FM/FM……….

Anyone know a reasonable OFFSHORE place to live?.

I think what we have seen thus far, is a party, once the Commercial loans meltdowns really get in gear. ( wonder where that several Trillions coming from?).

]]> By: CHARLES http://pragcap.com/something-big-is-abou-to-happen#comment-8806 CHARLES Wed, 11 Nov 2009 16:32:06 +0000 http://pragcap.com/?p=12479#comment-8806 Although the carry trade might be a bit stretched in the short term, it is not hard to see where it could go a lot higher in the long run. The monetary base is not only in a vertical ascent, but also without precedence. We have never seen anything like this. The monetary base is essentially the Federal Reserve Bank's currency and reserves. Now, with an expansion like this you would think inflation would be rearing its ugly head, but as hedge fund manager John Paulson points out “that's because this base money has not yet been lent out and multiplied throughout the economy. Yet the monetary base and money supply are highly correlated, "almost 1-to-1 between the two.” So what does this mean? I think it means that soon or a later the money supply will follow, and if money supply grows faster than the economy, that will create inflation. I don’t know how you feel but it looks to me to be practically impossible that the economy could outgrow that hideous spike in the monetary base. Although the carry trade might be a bit stretched in the short term, it is not hard to see where it could go a lot higher in the long run.

The monetary base is not only in a vertical ascent, but also without precedence. We have never seen anything like this. The monetary base is essentially the Federal Reserve Bank’s currency and reserves. Now, with an expansion like this you would think inflation would be rearing its ugly head, but as hedge fund manager John Paulson points out “that’s because this base money has not yet been lent out and multiplied throughout the economy. Yet the monetary base and money supply are highly correlated, “almost 1-to-1 between the two.”

So what does this mean? I think it means that soon or a later the money supply will follow, and if money supply grows faster than the economy, that will create inflation. I don’t know how you feel but it looks to me to be practically impossible that the economy could outgrow that hideous spike in the monetary base.

]]> By: insight4u http://pragcap.com/something-big-is-abou-to-happen#comment-8766 insight4u Wed, 11 Nov 2009 03:19:07 +0000 http://pragcap.com/?p=12479#comment-8766 The $$$ will reverse when Israel takes care of IRAN becuz the world powers r 2 weak 2 do it themselves! The $$$ will reverse when Israel takes care of IRAN becuz the world powers r 2 weak 2 do it themselves!

]]> By: Charlie http://pragcap.com/something-big-is-abou-to-happen#comment-8740 Charlie Tue, 10 Nov 2009 20:43:01 +0000 http://pragcap.com/?p=12479#comment-8740 "I know when a trade is this crowded it’s generally best to step to the side and let the speculators have their fun. " So did you sit out all of 1999 ? NASDAQ tech was a crowded trade, full of speculators. Did your clients complain as you told them it would work out in the end? Which it did in March 2000 forward? But many people are impatient and chase returns? “I know when a trade is this crowded it’s generally best to step to the side and let the speculators have their fun. ”

So did you sit out all of 1999 ? NASDAQ tech was a crowded trade, full of speculators.

Did your clients complain as you told them it would work out in the end? Which it did in March 2000 forward? But many people are impatient and chase returns?

]]> By: JACK http://pragcap.com/something-big-is-abou-to-happen#comment-8738 JACK Tue, 10 Nov 2009 20:05:15 +0000 http://pragcap.com/?p=12479#comment-8738 TPC do you have any insights on how the Yen carry trade unraveled? Might be the script for how this rally ends. TPC do you have any insights on how the Yen carry trade unraveled? Might be the script for how this rally ends.

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