http://quote.yahoo.com/m2?u

http://money.cnn.com/markets/morning_call/










http://www.kitco.com

Energy futures

Here we are with the all-time high only 7 points away. Have to say I think All Ords has a good chance of breaking through although not necessarily today. A pullback or consolidation is in order in the meantime. The index currently +0.1% and muddling around in an uninspiring manner. It's Healthcare's turn to have a bounce, +0.8% and Energy is down the most, -0.8%.

Not a lot of joy in the miners with only BHP showing a tinge of green, +0.6%. RIO and the golds all red.

Oils are down: Woodside -1.5% and Santos -0.8%.

Fairly ordinary action in Asia, ranging from Nikkers +0.6% to Taiwan -0.3%.

No, I was a client. My foxie X chihuahua had a close encounter with a taxi resulting in a broken femur; need a couple of good trades to cover that one

Bid for the better??

NAPLES: Southwest Florida's supposed weak housing market made a bid for the better on Saturday.

Not able to sell their homes on the open market, homeowners instead decided to put them on the block.

It was standing room only at the Naples Beach Hotel, as 44 local properties headed from the housing market to auction.


Check out the high bids (and the haircuts)!

http://www.housingbubblebust.com/NaplesAuction.html

SmallCraps doing well in Oz, even though most eyes are on the AllOrbs.

Looks like another record high today.

According to the story: "The only catch about the auction? Just because someone placed the highest bid does not mean they got the house. The homeowner still had to approve it."

How is that an auction exactly?

The reserve level is a secret. And the "seller" does not have to accept the high bid.

That's not an auction. That's fraud...altho i suppose some might call it "clever marketing."

Reminds me of a lot of those supposed FleaBay "auctions" where the seller is basically a pro who sets his "minimum bid" at the same retail price he lists on his own commercial website or at his storefront.

So a buyer has a choice: they can buy immediately for a set price from the seller or they can go through the faux "auction" process over a period of days and pay the exact same price or higher.

SP futures may have put in monster final spike top overnight here...below about 1374 DEC SP should just about seal it....

All Ords finished the day flat and frankly I'm surprised it wasn't down more as there were very few greens on the screen. No change in the sectors: Healthcare remained leader, +0.9% and Energy was down the most, -1.2%.

No change on the miners either: BHP and RIO not too badly off but the golds took a tumble.

Oils way down: Woodside -2.2% and Santos -1%.

Asia all over the place ranging from Nikkers +0.8% to China -1.7%.

Over to UK/Europe:







http://quote.yahoo.com/m2?u

I guess Gold failed 600.
Silver actually made it over resistance but looks to have failed it again.
Last night silver had another one of those "bad tick" moments. It showed it down 1.40 or so.
Something similar seems to have happened with the S&P futures.
Last time silver had a "bad tick" like this it got tested in the immediate future. I posted it here when it happened the first round.
It was a good indicator to sell the miners and short last time...

I'm so tired of getting round tripped on the miners.

Meanwhile, the dollar is taking off.
Next time the dollar retraces I'm going to buy the 2x's Rydex Long dollar fund. I forgot the symbol.
We need curency etfs. I heard they are coming out with "intelligent" etfs ran off computer models. I'll be sure to add a little here.

Ageka, got a link to the Rand/Dollar chart?

I forgot which miners were S. Africa. HMY, GFI, DROOY

I'm buying EWJ here. Coiled up pretty big. I think it tests highs.

This is one heck of a chart.

FXE (eur/usd) ?

Kitco's bad tick on silver was 10.78

the equity futures spike last night was not a "bad tick". it was for real (although on low volume).

FXE is interesting.but want 2x's.

Check out BAC down 5%. Oh wait. The bid and ask are above. More bs. Someone got fleeced 2 bucks.
http://www.amtddj.inlumen.com/bin/djstory?...qaebqLqWmdiYmZC

I saw it was real afterwards. Silver wasn't though but it seems rather interesting.

Oil getting slapped. Dec futures were higher though.

I have the feeling that there are far more speculators in the PMs and energies these
days and that has to be worked off. And that this time it's taking a long time to form a bottom. We have FOMC this week so that may be spooking the commodities. Especiallly if the Fed continues talking tough. Sounds like they're not planning on lowering rates anytime soon.

Good Morning!

Welcome to Intraday Stool! Thanks to aussiebear for her daily opening!

You can join the discussion by registering (PG rated user names only, please) and posting here as well. Registration is easy. Just click the Register link above, enter your email address (which you have the option to keep confidential), and enter a user name. To keep out spammers and scammers, I'll send you an email with a few Monty Python type questions. Just reply with your answers, and I'll approve your registration as soon as I receive your reply.

If you have questions about how to register and post, use the Help link in the menu bar at the top of the page.

If you know others who might be interested in joining us, use the email to a friend link above the thread.

Many tanks for joining us!

Doc


Try the Professional Edition risk free for thirty days. Click here for more information.

NEW! Unbundled subscription service packages starting from as low as $39! Subscribe NOW!

Anybody know what set that off?

We will finally be heading back to Florida this week. Tuesday will be the last publication day for the WSE Pro this week. Regular publication should resume next Monday evening. I will post any updates on the schedule on our message boards, and the index page of the Professional Edition.

My mother-in-law is still in the hospital, but on the road to recovery, after a brush with death. Thanks to everyone for their prayers and good wishes for her and my family!

Prayers are answered. I am glad she is better.



We will finally be heading back to Florida this week. Tuesday will be the last publication day for the WSE Pro this week. Regular publication should resume next Monday evening. I will post any updates on the schedule on our message boards, and the index page of the Professional Edition.

My mother-in-law is still in the hospital, but on the road to recovery, after a brush with death. Thanks to everyone for their prayers and good wishes for her and my family!

[/quote]

TNX trying to push thru key area, after bouncing of major intermediate term support a few weeks ago.

I saw the results of that Naples Real Estate auction...anybody got the "wipeout" soundtrack?

DJ Fed Accepts $4.5 Bln In Overnight RPs

Type of transaction: Overnight RPs
Total accepted: $4.5 Bln
Total submitted: $42.15 Bln

Agency Collateral Operation
Total accepted: None
Total submitted: $6.8 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.27%
Low-rate submitted: 5.22%

Treasury Collateral Operation
Total accepted: $4.5 Bln
Total submitted: $30.25 Bln
Stop-Out Rate: 5.26%
Weighted Average: 5.26%
High-rate submitted: 5.26%
Low-rate submitted: 5.22%

Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $5.1 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.27%
Low-rate submitted: 5.25%

Bears couldn't lock the gate....key moment right about here...stand back if da bears can't hold things right here....

Morning jam as usual.

AMD lowered prices of their chips this morning. By up to 35%. Chip price
war continues on. I don't have my streamer on (haven't unpacked the
computer yet). Don't plan to trade today but who knows?

Boyz trying with all they've got to plug any and every leak until Nov. 7th. Looks like the rest of the World sees the polls and wants out. November could be brutal. Still scalping for dollars...

Were any of these houses actually sold?

Open your browser window to the full width of the screen with a minimum screen setting of 1024x768 with text size set on normal and you should have no problem.

Berry berry tentatively starting to short selectively today. Not in a mad rush.

Sofa, I've made $47.97 .... .... retirement can't be far away now.

I've got Semis and Tech turning to SELL today and Retail and Homewreckers starting to look a bit wobbly. Prepare to jam.

Who knows... as dmm pointed out it was really a faux auction...

None were sold at this auction in San Diego:

CARLSBAD – Twenty people went to an auction of new model homes yesterday looking for a bargain.

Sixteen upscale homes in the Bressi Ranch development were advertised as up for auction at La Costa Resort and Spa, though 15 were offered because one had been sold before the event began.

Buyers were willing to pay about $1 million for a home listed at $1.4 million or $1.5 million, and as little as $650,000 for houses priced near $1 million.

In the end, the potential buyers wanted too much of a good thing, and the auctioneer's hammer never fell.

Love these comments:

“The good news from the auction is that the investors did not lower the price and kept the value up for people who live there,” said Kelly McLaughlin, a Prudential California real estate agent. "

“I just wanted to see what kind of a fool would buy these overpriced homes,” Bruce Azimi of Oceanside said. "

http://www.signonsandiego.com/news/northco...m22auction.html

Hope Wndy comes back from baja before it gets slammed by that hurricane. Maybe the storm is making for some sweet surfing though, what do i know.

Considering that the Jokes are up nearly 100 and the Quack more than 20, I've holding my own. .... Good thing nobody's watching.

In an Aution, do the owners have to sell even if they don't like the bid???

Auctions usually list a minimum bid or "reserve". The highest bid at the minimum or above must be accepted. Auctions that don't list a minimum bid level or that refuse to accept the highest bid are not auctions at all. They are marketing gimmickry.

I would imagine the participating "bidders" had to sign some legalese stipulating in mouse print that they understand "this really isn't an auction you know, we're just havin' some fun wit ya".

Thanks, as I thought this was a PRETEND auction.

In this case there was a reserve price that was not met. No sale. Next auction the bids will be lower. Until finally there will be a no reserve auction.

The $1.4m homes will be lucky to trade at $0.4m. When a block of homes goes on auction everybody knows the seller is F%%ed. Its only a question of the seller embracing reality.

If you want a real deal buy from a builder who can't complete a house. The permits are in place, the shell is weather tight but the builder can't afford to complete the finishing. Bid 20- 25% of comparable completed home.

New podcast now posted. I interview the colorful Russ Winter

http://www.streetiq.com/dir/CAPITALSTOOL.shtml

It's pretty funny to see reamtors™ high-fivin' each other at these FLA and KALI "auctions" when they found out that none of the low-ball bids got accepted.

They seem to be ignoring the glaring fact that nothing got sold.

Obviously not me that you asked; but, here's a link:

http://www.forexdirectory.net/zar.html


AU

great interview Doc, Russ is definitely insightful

The Fed added $4.5 billion but The 4 week bill announced this morning by the Treasury is going to raise another $10 billion in new cash, bringing the total on the week to $31.5 billion. FCBs added $2 billion to their bill holdings at the 13 and 26 week auctions with a TIPs auction still to come today.

I'll have all the details and analysis for you (subscribers) in the WSE Pro Fed and Treasury report to be posted after the results of the TIPS auction at 1:00PM ET.

Click the link below for subscription info.

Oct. 23 (Bloomberg) -- The slumping U.S. housing market is about to get a lot worse, according to traders of mortgage-backed securities and the so-called derivatives on which they are based.

The ABX index, which measures the risk of owning bonds backed by home-loans to people with poor credit, rose 30 percent since Aug. 9 to the highest since January. There are more than $500 billion of such notes outstanding.

The spread between 10 year Treasuries and Fannie paper narrowed to 31 basis points.

Go figure....

The idiots.

Tanks pothead!

If any of you post on other boards please post a link to the podcast page:

http://www.streetiq.com/dir/CAPITALSTOOL.shtml

Sorry I missed the question
Anglogold, GFI, HMY, Drooy are the ones quoted on Euronext which is Holland, Belgium and Paris
You can look at them in Rand for free but you need java and may need a free subscription
Note that in Joburg these have different abreviations
I will try to post Harmony HAR as a copy with the link


http://www.fin24.co.za/trading/tools/snaps....asp?Ticker=HAR

Rand Dollar real time and a lot others here

http://forex-markets.com/webcharts.htm

Does anyone think that lower energy prices are front running the election results in order to sidestep Energy Windfall Profit Taxes rather than help current incumbents get reelected? While I am stating the obvious, wouldn’t the direction of energy stocks signal who is going to win congressional control? Thus, we should expect a dramatic sell- off or a rally!