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

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










http://www.kitco.com

Energy futures

Moving up so far, but just a wiggle in the eternal trading range. All Ords +0.2% with most sectors showing gains. Property Trusts is leading, +0.7% followed by Financials +0.5%. Materials is down the most, -0.3% and Healthcare is next, -0.1%.

The miners are selling off: BHP -0.6%, RIO -1.1% and in the golds, Newcrest and Lihir down around 2% and Newmont -0.3%.

Oils are also looking a bit shaky but the volume is low. Woodside -0.6% and Santos -0.5%.

Lookin' like potential for rout followthru to Friday's reversal on the currencies....

Uncle Buck has already reclaimed 4 hour level against Yen.

I have been reading nothing but articles about the imminent demise of the dollar...

Is this where everyone gets shanked as the dollar roars to the upside?

Yen Weekly chart at extemely critical area on very long term basis, I am expecting some volatility here PDQ.

Uncle Buck has been a model of technical perfection thus far against the Canucky Buck, working it's way first thru 4 hour resistance and then backtesting it as support, and then working thru 6 hour resistance and backtesting it as support, and now pushing thru 8 hour resistance.

1.15 appears to be an important psych number, if she blows thru tonight, the upward explosion could be imminent.

Monthly chart configuration is definitely suggesting the Loonie may be cooked here for a while...

Licking my chops for another gold and silver buying opp ... only bullion allowed.

I want the real deal.

If silver can't reclaim $14 tonight, could be one helluva drop dead ahead...

The wiggle continueth so now we're back at the top of the recent trading range. All Ords finished the day +0.7% with Financials and Telecom coming in equal first, +1.1% and not a red sector in sight. Materials was up the least, +0.2%.

Hard to see why Materials was up but it certainly wasn't any help from the miners. Pretty much wall to wall red on those, the biggies anyway. BHP came in flat, RIO -0.5% and the golds were down around 2% on average.

In the oils, Woodside ended the day -0.6% and Santos flat.

Quite a range in Asia: China +2.4%, India -1.1%, Singers +1.5% and Nikkers +0.7%.

Over to UK/Europe:







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

For those that weren't aware of it, Rydex offers currency backed ETF's.

FXE is the Euro.


http://www.currencyshares.com/Content/products/index.html

Wow!

China bulls defending Shanghai 2100 with a vengance.

Look at that 4-5% roundtrip since Lunchtime on Thursday.

LONGBOTTOM?

Sorry, couldn't resist.

Good Morning!

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Several reports out of weaker shopping this past weekend. Consumer is looking for bargains. Kind of like the housing market now.

Story on VC capital near dotcom bubble levels:

http://www.ft.com/cms/s/232ac042-887c-11db...00779e2340.html

This time, the fundamentals could support the companies though.

Buck/Yen powers back up to resistance level on 12 hour chart....still looks like a giant bull flag at this juncture...above 1.18 and the roof could come off, below 1.14 and there culd trouble ahead....next week or so should give more clues.

Attention bears, the a.m. bear suck in has been cancelled. Carry on!

DJ Fed Accepts $5.75 Bln In Overnight RPs

Type of transaction: Overnight RPs
Total accepted: $5.75 Bln
Total submitted: $48.9 Bln

Agency Collateral Operation
Total accepted: $3.233 Bln
Total submitted: $17.75 Bln
Stop-Out Rate: 5.27%
Weighted Average: 5.27%
High-rate submitted: 5.27%
Low-rate submitted: 5.24%

Treasury Collateral Operation
Total accepted: $2.517 Bln
Total submitted: $26.15 Bln
Stop-Out Rate: 5.25%
Weighted Average: 5.26%
High-rate submitted: 5.27%
Low-rate submitted: 5.2%

Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $5 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.27%
Low-rate submitted: 5.25%

We've gone from morning dip and rally to morning pop and dip. I prefer the
old pattern.

Fed's still in stingy mode with those overnighters. I don't see an interest
rate hike in the cards but the weak liquidity from the Fed does make me
wonder just a little bit.

A nice Monday morning shank.

bears i have a bridge for sale.................................. so dumb.........

Covered GS short from Friday. I actually made 41 cents on the trade.

Memo to self: sometimes it's okay to short GS but most of the time it's suicidal.

It's always good to remind ourselves of those little important things.

For thos in USGL, it's new ticker is UXG on the AMEX. Traded as high as
$6 but it's around $5.66 right now. It's been a nice ride up. I bought this
one as someone on another board said that McEwen is involved in the
company.

Newmont is looking nice today (don't own it). I just wish Jick would give TRE
a kick in the pants.

Berkshire is recovering a bit from last week. Still not too far from all-time highs.

It's really, really quiet over here today.

waiting for mr. blowoff with a double barrell shotgun of short sales............. knock knock, whos there?, mr. blowoff......... BOOM!

On the hourlies, looks like 1415-1416 is the line in the sand on SPX cash right now. A breakthru of that level could initiate a savage assrocket up towards 1420-1425.

OTOH, if it can't get thru, down she goes.

Tested Friday high. 60 Minute CIT Dowager is short. Pivotal moment.

The 60 CIT channel is quite large.

Looks like the constant trading against their own best customers is actually hurting Pigmen™ performance, at least in terms of their inhouse hedge funds.

FT reports today that Goldman Sac's "flagship" $10B hedge fund, Global Alpha, is actually down 12% on the year, on track for its worst annual performance ever.

What's the world coming to when the Pigmen™ can't even make money despite having every available shred of inside information well in advance.

https://registration.ft.com/registration/ba...00779e2340.html

I left almost a buck on the table. But anytime you can make short money on GS
has to be a victory. The "rally" in the broader markets looks like it is fading due to
lack of juice. I do note that MSFT seems to be doing okay.

There's a lot of generally good trading knowledge in my head but I can forget it or
get caught up in the emotions of holding positions or trading. And sometimes I need
a few words from someone that I trust (like a non-trader).

I was in a position earlier this year where I had a ton of positions and was fretting over
them and my son asked me how things were going and I told him that I was worried
about a bunch of positions. He just said why don't you just sell them? You can always
buy them back later if they go down. Duh! Well I already knew that but sometimes
you don't see it when you're loaded up with positions. I did sell and it saved me about
the price of a new 4-cylinder Toyota Camry.

There are a lot of varying positions around here and sometimes you don't know which
piece of advice to take as you don't necessarily know what the bias' are. One of the
things that I like about this board is the Mark is pretty ruthless on where he thinks
things are going and does a pretty good job at suppressing the bias. It's really, really
hard to do all the time and I've had a bad stretch the last three weeks. But things
seem to be working out anyways.

There go TOL, LEN and HOV (moving up).

Man, GS is still going down! I got my gram of flesh and it was only for amusement
purposes.

GS LOD...

Market leader with 2 Gap'n'Craps in the last 3 days...

He better start barking out some orders to the troops, or we may have a jail break later today....

GS- die you pig die!

Hmm....

Backdoor anyone?

If we get many more of these GS posts, I'm going to have to buy a few shares.
This thing seems to have a normal trading range of $4 to $6 so the current drop
doesn't feel like that big a deal to me.

Looks like short term pivot right here at 202.50, if it don't hold here, 200 should fall...

shhhhhhhhhh...... pigmen crossing.................

2007 is going to be a bullish year, case closed, barrons and cnbs have spoken....

Barrons especially, what a great call they made on the last election.

Per Russ Winter's excellent wrapup of subprimers today, note that Wells Fargo (WFC) is the largest subprime originator in the country with 13% of the total market representing $23B worth of originations.

WFC has actually reduced its subprime originations over the last quarter by 15%, down from $27B in the 2Q. And i don't know what pct of these they actually keep and what pct they sell into MBS pools.

But either way, they are at risk if subprime tanks, either due to holding problem paper or a further reduction in business.

The WFC chart looks like it could take a 10%+ hit if it can't get back over 36 (it's at 35.41 today). Looks somewhat exhausterated.

Paradigm changer in tech?

Memory chip breakthrough for electronic devices

Scientists from IBM, Macronix and Qimonda said they developed a material that made "phase-change" memory 500 to 1,000 times faster than the commonly-used "flash" memory, while using half as much power.

There are PigShanks, and then there are PigShanks!

This is not good bear case. Highest bear reading ever. Crap.


Tickersense blog

FDX puts in the pivot low at 115 this AM...as long as that holds...

Approaching ID moment of truth for GS

There are several companies using various technologies that have come up with
non-volatile memory that run at DRAM speeds. NVEC and Spintronics is one example.
But noone has brought a mass-produced and reasonably priced device to market yet.

There will be a revolution in storage someday but that day isn't here yet. When it
happens, we'll need software rewrites as the storage paradigm of computers WRT
to access times will have fundamentally changed.

Read that again....500 to 1000 times faster

Great piece in the NYT's today about the CEO of Craigslist presenting at the YouBS Global Media conference.

Described as a "culture clash of near-epic proportions", CEO Jim Buckmaster told the plutocrats that his wildly-successful, San Francisco-based dotcom is only interested in helping customers find jobs, cars, apartments and dates and uninterested in making money.

YouBS analcyst Ben "Dover" Schacter asked Buckmaster how he planned to "maximize revenue." The CEO replied, "That definitely is not part of the equation. It's not part of the goal."

It is thought that, should it ever come up for sale, Craigslist would fetch billions.

Craigslist operates in hundreds of markets worldwide, though some of the local sites are threadbare when it comes to listings. But in major markets like its' Bay Area homebase, Los Angeles, New York, and elsewhere, Craigslist is one of the pre-eminent purveyors of job, car, real estate lists, among other categories.

Here in the Bay Area, Craigslist has pretty much torched the classified revenues for the daily newspapers. Craigslist charges money for job listings in seven cities ($75 in SF, $35 elsewhere). And it charges for apt listings in NYC ($10). The fees are simply to cover expenses of running the economical site. Craigslist is doubling in size every year.

One tech blogger called Buckmaster "delightfully communist" and described the YouBS audience as "confused capitalists wondering how a company can exist without the urge to maximize profits." Another blogger says it was "an 'only in San Francisco' moment for these New York banksters."

http://dealbook.blogs.nytimes.com/2006/12/...he-capitalists/

Wow. 20 users, a record low on IDS in my experience. Top must be real close.

World would a FAR better place if we had more like him....not counting on it though.

In my inexperienced opinion, when the market keeps going back to retailers, restaurants stocks and "dirt diggers" like golds and energy its the TOP.

Bloombox Crawler: Yamada Bank says Gold is cheap, as it pared it's sales.

If the Asian FCB's are in the market, it would help explain the persistent strength in the metals lately, no?