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DrBubb's Diary - Sept. 2014 Trading - v.69


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Five consequences of a stronger dollar

> By Matthew Lynn : http://www.marketwatch.com/story/five-consequences-of-a-stronger-dollar-2014-09-24

 

One: Less QE in the eurozone. With the European economy sliding into a depression and deflation, the European Central Bank has been gearing itself up for its own blast of quantitative easing. It has given every appearance of simply finalizing what assets it will buy and getting the Germans on board.

 

Two: Faster stimulus in China. The Chinese authorities will have their work cut out to keep their massive economy growing at 7%-plus. Its financial system is wobbling, and the cracks in its turbo-charged growth model are starting to emerge.

But the biggest winner from a stronger dollar will be China. Why? Because it has massive holdings of the currency. By the end of 2013, China held $3.8 trillion in foreign reserves, double the amount only five years ago. Although it has diversified a little, the bulk of that is still held in dollars. Its appreciation will shore up the Chinese economy — and give policy makers the flexibility to inject more demand into the system.

 

Three: An M&A boom. There has already been an upturn in global M&A this year. But with a stronger dollar, it could get a lot stronger. Big American companies are going to be feeling cash rich. Not only will their domestic sales and profits be getting better, the money they are keeping in the bank will be worth a lot more around the world.

 

Four: A revolution or two. When the dollar is stronger, commodity prices are usually weaker, and the emerging markets run into trouble. Corrupt, authoritarian governments can sustain themselves in power when there is plenty of money to splash around. When it runs out, they find themselves in trouble very quickly.

 

Five: Weaker bitcoins. Alternative currencies, especially the digital variety, have sold themselves as a replacement for paper money. But they are also a rival to the dollar. It, after all, is the world’s dominant fiat currency. One of the reasons there has been so much interest in bitcoin and its rivals is that so much business is now digital, and takes place beyond national frontiers, that it makes sense to have a digital currency as well.

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EQUINOX : A WORD to Ponder:

 

An equinox occurs twice a year, around 20 March and 22 September. The word itself has several related definitions. The oldest meaning is the day when daytime and night are of approximately equal duration. The word equinox comes from this definition, derived from the Latin aequus (equal) and nox (night).

. . .

An equinox occurs when the plane of Earth's Equator passes the center of the Sun. At that instant, the tilt of Earth's axis neither inclines away from nor towards the Sun. The two annual equinoxes are the only times when the subsolar point—the place on Earth's surface where the center of the Sun is exactly overhead—is on the Equator, and, conversely, the Sun is at zenith over the Equator. The subsolar point crosses the equator, moving northward at the March equinox and southward at the September equinox.

==

> http://en.wikipedia.org/wiki/Equinox

 

FALL Began...

 

“The legendary trader W.D. Gann reportedly claimed that capital and commodity markets tend to top on or around September 22nd more oft than on any other day of the year. There is not apparent economic logic behind this reported observation, but the notion might very well have a certain appeal to astrologers, in as much as September 22nd happens to be the usual date of the Autumnal Equinox…the day that the earth crosses the Sun’s equator going south, and one of the two dates each year that the days and nights are of equal duration.
This is the day which, according to ancient lore, the Sun enters its “Fall,” thereby reversing for a time the rising animal spirits and other good things associated with Spring and Summer, and setting the stage for untoward events to unfold. Apparently this concept is so ancient it pre-dates even the oldest Mesopotamian culture.
==
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Panama Orange: "Kicked in the Jim Willie!"

Jim Willie's arguments rejected here

+ Dollar dying? : Nope, USD hitting new highs

DXY - Ten Day chart ... update

AB_zpsb8e87416.gif

+ Saudi rejecting USD : Well, Gold and Silver investors are not

+ Putin compared to Lincoln by SilverDoctors : Why ??

Meantime: the infrastructure in Russia is crumbling, and Russians are "drinking themselves to death"

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GOLD ...

In USD:

Gold_zps6fb122d3.png

 

In FXE / Euros :

GOLD-inFXE_zps4888031c.png

 

Day : Gold - in FXE ===: Ratio / Silver - in FXE

Tue. : 1223.50 / 126.76 = 9.652 / $17.77 = 14.02

Wed : 1217.30 / 126.00 = 9.661 / $17.67 = 14.02

Thu. : 1207.00 / 125.6E = 9.610 / $17.40 = 13.92 : Pre-Market

Thu. : 1213.90 / 125.52 = 9.671 / $17.47 = 13.92 : about 10 am

 

In Silver oz

Gold-inAG_zpsa1c47aa4.png

 

SILVER ...

silver_zps62704c20.png

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LOOKING at Comex and SGE Silver

 

: t24_ag_en_usoz_2.gif: AgTD0.png?id=11409221912 :

 

====== : Silver : -SLV- : Disc/P / Sge-AG : calculation: AG-equiv.> Prem/Disc

Before : $19.60 : -SLV- : Disc/P / r4,200 /6.15 x 35.274: $19.36 > - $0.24

: 09/12 : $18.61 : $17.89 : $0.72 / r4,114 /6.15 x 35.274: $18.96 > +$0.35

: 09/19 : $17.79 : $17.19 : $0.60 / r4,122 /6.15 x 35.274: $19.00 > +$1.21*

: 09/23 : $17.77 : $17.07 : $0.70 / r3,856 /6.15 x 35.274: $17.77 > +$0.00

: 09/24 : $17.67 : $16.99 : $0.68 / r3,866 /6.15 x 35.274: $17.82 > +$0.15

: 09/25 : $17.40 : ? ? ? ? : $ + / - / r3,828 /6.15 x 35.274: $17.65 > +$0.25

============

*(SGE closed before the -$0.58 / -3.26% drop in SLV)

 

====================

Two Intelligent and Awake guys talk about...

 

The real meaning of the 9/11 anniversary - Gerald Celente - Jeff Rense Show - Sept. 11, 2014

 

https://www.youtube.com/watch?v=URwl20LJMwI

 

"It's all about money, it's all about greed." - JR

"It WILL stop !" - GC

 

How much longer will it take to get a workable majority to this points-

So the US can make some meaningful changes in its governance and its attitude towards war?

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Game-Changer: Moscow Stock Exchange Backs Hong Kong Dollar

HongKong_HSBC_1000_dollar_front_web.jpg
Chinese Currencies Hitting the Jackpot

On the 23rd of September, the Moscow Stock Exchange agreed to approve trade in Hong Kong dollars after a raft of Russian corporates had demanded the move. For Moscow Stock Exchange this was an important move as companies such as Sberbank and Gazprom had already made plans to raise billions of dollars in Asian currencies such as the Yuan, Hong Kong Dollar and the Singaporian Dollar.

 

The demand for Chinese currencies in Russia has spiked after the sanctions and the trade deals announced with China earlier this year. Yuan trading on the exchange is up ten-fold from last year and is growing at a rate of 26% month on month as of August. September is on track to post another record month with double-digit percentage gains on the month.

 

The move is the last piece of the puzzle in cementing Russia's new economic model; economic integration with Asia. It also signifies that the West may have lost Russia forever as the announcement also followed news that Russia's third largest bank, Gazprombank, had started issuing cards with China's UnionPay.

 

China is already Russia's largest trading partner making up 11% of all Russian trade and the two nations are targeting a minimum of 200 billion dollars of mutual trade by 2020 - half of which they wish to be settled in Rubles and Yuan.

==

> http://russia-insider.com/en/business/2014/09/24/10-37-46pm/game-changer_moscow_stock_exchange_backs_hong_kong_dollar

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Some good ideas here - from Jim Puplava

 

The Best: LISTEN especially to those you disagree with.

Right ! And I shall put that idea into practice...

 

Jim give SEVEN Reasons to be optimistic about America:

 

Jim Puplava on the Seven Megatrends That Will Shape the Next Decade

 

= https://www.youtube.com/watch?v=GOEUZS2qwCk =

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Major Divurgence! : Dow versus Advance/Decline Line

 

15346181152_b3d725dedb_z.jpg

 

Comment:

“The A/D line is quite telling and reflects the true market, even if the major averages don’t.”

 

Again, for a period of almost a year and a half, the net advances steadily declined as the Dow average rose nearly 60%. An historic bull market was entering its final 16 – 20 months. The true market is always the current price. The adv/dec is useful, but it is not the market. It certainly is not the TRUE market. This would be like saying “humidity levels are quite telling and reflect the true weather, even if the actual conditions do not.” Price is. It is not a moving average of itself. It is, at any given moment, the last $$ value at which a transaction between a buyer and a seller took place. Market internals, while interesting and at times useful, should not be raised to be the thing itself.

 

(2)

Tony catches flack from some folks here when at times he needs to revise his count or provide an alternate count. But he does this because price dictates it. Imagine if instead he were to insist on maintaining, for example, a bearish count in the face of persistently rising prices. He’d just be another Prechter in that case. You will never see Tony post something like “OEW is very telling and a true reflection of the market, even if the averages don’t respect the count.”

 

(3)

The Nasdaq Composite index’s bad breadth is stinking up Wall Street. Yellen says she wants investors to be prepared for the possibility that the Fed will raise interest rates sooner than they currently project. Her words are going unheeded. Watch the Russell futures contract also. The death cross triggered the other day.

5 Stocks That could get crushed -Jefferies list – PH, CMI, BEN, TROW, HIG
Buyers are still out hunting for value in the markets, so not exactly the END of the Bull market here as money has to go somewhere – Europe is down in the dumps – so where else is the money to go to?

 

> source/ TonyC's site, a comment: http://caldaro.wordpress.com/2014/09/24/wednesday-update-458/

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A TURN maybe ?

 

Dollar has gone RED, - 0.01 : And Gold has reversed to +$5

 

idx24_usd_en_2.gif : t24_au_en_usoz_6.gif

 

DXY has broken its uptrend ... 10day-chart

AB_zps9f59015a.gif

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Fed Race Track - the chart still "makes sense"

 

SPY versus GLD ... update

 

AA_zpsdac5b105.gif

 

The Equinox (+/-) that we saw Monday may prove to be some sort of Turning point:

 

LATE SEPTEMBER RECORD
Sep: -SPY-: Chg : volume/ -GDX : Chg. : -GLD- : Chg : volume: x10.3? : WTI.Cr: -DXY-- -Chg- : --TLT--: -Chg- : Posts= / Views: cum'l

17: 200.75 +0.27 : 132.M: 23.43 - 0.57 : 117.54 - 1.29 : 8.18M: 1,224.1 $93.98* 84.641 +0.532 : 112.80 - 0.29 : 04 : 115 / 115 : 1,935 /

18: 201.82 +1.07 : 84.8M: 23.13 - 0.30 : 117.78 +0.24 : 5.27M: 1,225.9 $93.02* 84.352 - 0.289 : 113.16 +0.36 : 07 : 122 / 233 : 2,168 /
19: 200.70 - 0.18 : 107.M: 22.66 - 0.47 : 117.09 - 0.69 : 10.8M: 1,216.9 $91.77* 84.796 +0.444 : 114.60 +1.44 : 11 : 133 / 113 : 2,281 /
#134
20: 200.70 - sat - : 000.M: 22.66 - 0.00 : 117.09 - sat - : 00.0M: 1,216.9 $91.77* 84.796 +0.000 : 114.60 +0.00 : 06 : 139 / 113 : 2,376 /
21: 200.70 - sun- : 000.M: 22.66 - 0.00 : 117.09 - sun- : 00.0M: 1,216.9 $91.77* 84.796 +0.000 : 114.60 +0.00 : 00 : 139 / 052 : 2,428 /
22: 199.15 - 1.55 : 102.M: 22.18 - 0.48 : 116.85 - 0.24 : 7.60M: 1,215.5 $90.67* 84.649 - 0.147 : 114.74 +0.14 : 06 : 145 / 130 : 2,559 /
23: 197.01 - 2.14 : 111.M: 22.54 +0.36 : 117.60 - 1.25 : 4.67M: 1,223.5 $91.72* 84.790 +0.141 : 115.45 +0.71 : 03 : 148 / 100 : 2,659 /
24: 199.56 +1.55 : 98.1M: 22.21 - 0.33 : 117.05 - 0.55 : 5.56M: 1,217.3 $92.87* 85.150 +0.360 : 114.81 - 0.64 : 03 : 151 / 083 : 2,741 /
25: 196.34 - 3.22 : 137.M: 22.35 +0.14 : 117.39 +0.34 : 7.62M: 1,222.5 $92.44* 85.257 +0.107 : 116.17 +1.36 : 07 : 158 / 120 : 2,861 /
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Bitcoin : Still in the Down-channel :
=======
Charts: Bitcoins LIVE : BTC:1-year : 4-mos : 10d : Ticks : BtcWisdom : BTC-24hours

chart.png?m=bitstampUSD&v=1&t=S&noheader

BTS - Frozen / Bitcoins, on Bitstamps ; 10-Days: http://tinyurl.com/bts-10d : 6-mos

BTC-2014_zps86c925f6.png


================
Gold / USD / china gold // gdx : n s a :

AgTD0.png?id=11409221917 : t24_au_en_usoz_6.gif : 24hr-euro-small.gif :
AG - T + D / Calculations

AgTD0.png?id=11409221917 : t24_ag_en_usoz_2.gif: 3-days
> SGE - Site : http://www.sge.sh/publish/sgeen/index.htm
Calculations:

09/26- Close 3,870 /6.127 x 35.274: $17.91 vs cmx-AG: $17.65 = prem.+$0.26

(Previously, I have observed a discount of about 20 cents)
==============

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EQUINOX Day - The "buzz" on Gold was Bearish

Gold Makes ‘Death Cross’ On Technical Charts – DailyFX

Monday September 22, 2014 2:16 PM

Gold prices may have further downside, based on technical-chart factors, says Michael Boutros, currency strategist at DailyFX. “Note that a death cross has been identified with the 50-day moving average breaking below the 100 for the first time since late May,” he says. On Monday, the 50-day moving average is $1,282.80 for the December futures contract and the 100-day moving average is $1,287.70. In late May, “gold saw a near 4% decline before recovering in early June. Look for key support at $1,203/06, a region defined by the December 31st close, day the yearly low was made, and the 88.6% retracement of the advance into this year’s high. A break below this level keeps our bias in play eyeing subsequent support targets at the 100% Fibonacci extension off the 2014 high at ($1,390) & the 2014 low at $1,178,” he said.

.

Historical - What happened?: Gold-3d

Gold-Sep25_zpsfa3fe2a9.gif

Over 1 week: Low on 9/22 (Monday HK time) was $1208.80 per Stockcharts, that's lower than shown.

null_zps6f5462ea.png

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Dollar strength has "obscured" improvements in Junior Gold shares

 

GDXJ -in- FXE

 

AA_zps9b0bd78c.png

 

Better to own these shares than FXE, since the Turn of year

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Interesting View on Oil Prices

 

You may or may not like the information in this podcast

 

Veterans Today Radio (9-22-14) Stew Webb, Gordon Duff, Jim Fetzer, Preston James

= https://www.youtube.com/watch?v=9yeSX-PBnAE =

 

(at 1:08 Hours in):

Stew Webb makes a statement that ISIS and others are intentionally over-producing Oil,

to put pressure on ... Russia.

 

It seems to be working...

 

Oil down:

WTIC_zps36b519cf.png

 

Ruble down - ie It takes More Rubles to buy one dollar

RUB_zps5def4d23.gif

 

So what has happened to the Ruble price of Oil?

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(There just might be something to this... So I will report it here too)

 

DRAKE's BACK... with his (old) "Green Light soon" stance

 

drakewo2_zpse9c7c8db.png

 

/ as if the last 2 1/2 years' worth of false alarms never occurred /

 

Wednesday Drake updates show - last Wed./ Thursday (9/25/2014)

Wednesday update show with Drake and your host Thomas Williams:

"Not a false alarm... Confirmed by various sources... globally", says Thomas Williams

Changes predicted:

=======

+ International borders are being re-drawn, w/ 140 Nations involved in what's coming

+ Arrests ... No guarantee that it will be peaceful ... 80-90% of military "are with us"

+ You may need two weeks of food, and provisions

+ Changes in leadership

+ New monetary system : Treasury Greenbacks, replacing Federal Reserve Notes

+ "Nesara will be announced" : and salaries no longer taxed

+ Collateral accounts will be accessed

"Stage 1, of 4 to 5 stages has been completed"

He has been wrong on several past "green lights" - and it would be easy to dismiss him,

except for the fact that - some major change ARE NOW HAPPENING:

1. Putin has stood up to the West in the Ukraine, and "won"

2. The BRICS have established the basis for a new non-dollar financial system

3.In Gaza, the US for the first time told Israel "you have gone too far" in a program

of Genocide - and Israel moved to negotiate peace

(This past week):

4. Eric Holder, Obama's Attorney General has resigned

5. Over 1,000 people were arrested internationally, in the largest global mass

arrest in history : http://www.sbs.com.au/news/article/2014/09/25/over-1000-arrested-30-trafficked-children-rescued-europe-wide-raids

With all this going on... Maybe there is something to it !

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Falling Commodity Prices Flash Warning ... on Global divergence (FT, Friday)

 

Falling prices for metals, oil and agricultural products fit the narrative of slowing China and a sputtering

in advanced economies, despite exceptional levels of Central bank support

 

+ Equity markets are (so far) unconcerned

+ Should feed through into higher real incomes, and thereby boost growth prospects

+ Will help to keep interest rates at historical low levels for a prolonged period

+ Grain prices have fallen thanks to bumper harvests

+ Oil prices fell because political tensions eased

 

Nevertheless, there ARE mounting concerns regarding China:

 

+ Beijing is trying to curb unsustainably high levels of credit creation

 

COPPER used to be seen as an accurate barometer of the global economic cycle

Copper_zpse0887625.png

 

The impact of falling commodity prices in Europe has been partly offset by the falling Euro

- Here's CRB in Euros:

 

CRB-inFXE_zps92b85f18.png

 

Weak commodity prices have been seen in the USA as a sign of the Dollar's strength,

which is associated there with relative strength in the US economy

 

.... so it seems, the alarm bells, such as may be rung, are mostly being ignored (so far)

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Maguire doesn't prove anything with comparison

 

Hmm. Instead of Copper 21%, you get:

 

Silver-Chart.png

 

Silver had a much higher Beta on the way up.

Why not also on the way down ?

 

AG-toCU_zps48501648.png

 

Here's the Ratio - go back a few years more - before AG's huge rallly, and you would have seen the Ratio pumped up

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"...since May 2013, Bill Gross' firm had been struggling amid spotty performance and it seems, according to The Wall Street Journal,PIMCO (not Allianz) was set to fire the 70-year old bond king this weekend. It seems clear that Mr. Gross move was pre-emptive as sources cite his "increasingly erratic behavior" and ultimatums as factors in the move..."

> http://www.zerohedge.com/news/2014-09-26/you-cant-fire-me-i-quit-pimco-was-preparing-fire-gross

=====

 

Comments from there:

(1)

picture-107340.jpg : NoDebt

OK, so let me get this straight. Yesterday the market "plummets" 250 Dow points and it was probably because some hedge fund let 4 of their traders go and liquidated their holdings (earlier ZH article).

Now, Gross is out at Pimco and they expect outflows of a further 10-30% of their AUM (on a 2 TRILLION dollar portfolio) which means positions MUST be liquidated to cover the redemptions. AND, SO..... the effect on the market is, of course, nothing. Up 60 points.

Somebody's wrong.

(2)

"...Somebody's wrong. "

You have forgoten or are discounting The FED.

The FED will and likely is buying what PimpCo is selling.

IF the movement of the assets cannot be seen in volume on the public exchanges then it is being engineered in the Dark Pools or via nice quiet old-style over the counter sales.

THe LAST thing that the Administration and Congress want is a disorderly liquidation and cascade selling eruptiing just weeks before the fucking mid-term ELECTIONS.

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Is the SGE (inside China) Silver contract dying?

 

This was posted on Youtube:

On the Harvey Organ video : https://www.youtube.com/watch?v=aZwSiHBxm0c

 

Someone posted that Silver in the SGE warehouse was down to only 80 MT. Here's my reaction: "One theory is: The Chinese have bought Silver on Comex, and will bring it to Shanghai, and put it in their new "international" taxfree warehouses there. They will only pay the tax when they are sure they will need to bring the silver into China for manufacturing. Meantime, it will provide a nice Silver price hedge, and an arbitrage-able international price."

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/ Precious Metals down again /

... Commodity price may be bottoming ...

=== Last WEEK's MOVES ==== : on Friday 09/26 alone = :

GLD : 117.09 : - 0.03 % / 117.06 : -0.33 : -0.28% / 4.11 M

GDX : $22.66: - 3.00 % > $21.98 : -0.37 : -1.66% / 28.69 M

Ratio: R5.167: + 3.08 % / R 5.326 (GLDx10.422 = $1,220.0)

Gdxj : $36.34 : - 4.26 % / $34.79 : -0.99 : -2.77% : 7.29 M

ASA : $12.25 : - 1.96 % / $12.01 : -0.17 : -1.40% : 38,475

Nugt : $27.51 : - 8.76 % / $25.10 : -1.19 : -4.53% : 5.31 M

SPRD 776.44 : - 0.54 % / 772.25 = 24.83 mn oz. Gold stored

TLT- : 114.60 : + 1.22 % / 116.00 : -0.17 : -0.15% : 7.54 mn

G/Tlt : 10.62 : : - 0.94 % / 10.52 -> NEW LOW under 11.0

S/Tlt : 15.00 % - 2.87 % / 14.57% > New Bottom 14.57%

===

AG-S: r4.122 : - 6.11 % / r3,870 /6.127 x 35.274: $17.91 >ag $17.65

SLV : $17.19 : - 1.69 % / $16.90 : +0.07: +0.42% : 4.58 m/ +$0.26

SIL- : $11.40 : - 4.12 % / $10.93 : -0.17 : -1.53% : 384,549

DBA : $25.16 : + 0.64 % / $25.32 : +0.18 : +0.72% : 132,486

VDC : 118.29 : - 0.65 % / 117.52 : +0.34 : +0.29% : 50,172

Cop'r: $3.090 : - 1.62 % / $3.040 : +0.000 : -0.00% : 29,289

WTI. : $91.77 : + 1.73 % / $93.36 : +0.92 : +1.00% : 247,304

CRB : 279.40 : + 0.31 % / 280.28 : +1.11 : +0.40% : View-Chart

CCI- : 489.29 : + 0.03 % / 489.43 :+2.42 : +0.50% : Vol. = 0

Wheat: 474.0 : + 0.00 % / 474.00 : +0.00 : -0.00% : 25,570

Corn: 331.75 : - 2.64 % / 323.00 : -3.50 : -1.07% : 75,561

Sugar: .1350 : -14.07 % / $.1540 : +0.007 : +4.90% : 30,773

BTC : $401.3: - 2.80 % / $398.80 : -2.12% :

B/G.: 33.73%: - 3.09 % / 32.69 % : == Another down week

===

FXI - : $39.87 : - 1.71 % / $39.19 : +0.19 : +0.49% : 14.39 mn

PHM : $18.82 : - 4.94 % / $17.89 : -0.14 : -0.78% : 4.84 mn

IYR- : $70.95 : - 1.85 % / $69.64 : +0.76 : +1.10% : 11.21 mn

XLF- : $23.65 : - 1.52 % / $23.29 : +0.22 : +0.95% : 39.78 mn

SPY- : 200.70 : - 1.40 % / 197.90 : +1.56 : +0.79% : 94.4 mn

Xlf/Spy 11.78% - 0.10 % / 11.77% -> Near Flat +/-0.5%

IWM- : 113.97 : - 2.50 % / 111.12 : +0.99 : +0.90% : 24.80 mn

DXY- : 84.796 : + 0.98 % / 85.623 : +0.447 : +0.52% : N / A

H-gold : 14.35 : - 0.71 % / 14.25 (AU/dxy) New Low 14.25

=====

 

Big Movers: Near 5% or more
=========

Sugar: .1350 : -14.07 % / $.1540 :

Nugt : $27.51 : - 8.76 % / $25.10 :

PHM : $18.82 : - 4.94 % / $17.89 :

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10 DAY Charts : Friday-Close + (110-period MA)

 

CRB / Commodity Research Bureau Index ... update : $280.28 ($279.00) - DBA : $25.32 ($25.25)

CRB-10d_zps94cd6b41.png

 

 

SLV / Silver ... update : $16.90 ($16.93) - GLD: $117.06 ($117.20)

SLV-10d_zps4f56e82f.png

 

GDXJ / Junior Gold share ... update: $34.79 ($35.20) - GDX : $21.98 ($22.25)

GDXJ-10d_zps296a54d5.png

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WEEK Starting, with weak commodities - another weak monday? ... GE-News

 

idx24_usd_en_2.gif

DXY - Trade-weighted Dollar ... 10d-chart : All-Data

DXY-10d_zps7f1bf5e7.gif

 

Dollar hits four-year high, Asian stocks on edge as HK seethes
Reuters - 3 Hours ago
(Reuters) - The dollar hit a four-year peak against a basket of currencies in early Asian trade on Monday, bolstering Japanese shares,

but other Asian shares shrugged off Friday's Wall Street rebound

 

Soybeans Drop to Four-Year Low as China Suspends Import Approval
La Repubblica - 110 Minutes ago
Sept. 29 (Bloomberg) -- Soybeans dropped to the lowest level since 2010 after China suspended import approval on two genetically modified traits and farmers in the U.S. began harvesting of a record crop.

 

GRAINS-Corn hits 5-yr low, soybeans drop to 4-yr trough on bumper harvest
Reuters Africa - 3 Hours ago
SYDNEY, Sept 29 (Reuters) - U.S. corn futures fell to their lowest in five years and soybeans hit a four-year trough on Monday, with ideal weather across key growing regions allowing farmers to rapidly

 

Gold- three days

gold.gif : 3d-Silver

 

NYMEX-U.S. crude drops under $93 as dollar strengthens
CNBC - 4 Hours ago
TOKYO, Sept 29 (Reuters) - U.S. oil futures fell under $93 a barrel on Monday, giving back most of their gains from the previous session

as the U.S. dollar strengthened. FUNDAMENTALS * U.S. crude

US crude drops under $93 as dollar strengthens Atlanta Journal And Constitution

U.S. crude drops under $93 as dollar strengthens Sharenet

 

PRECIOUS-Gold dips towards 9-month low as robust U.S. data, dollar weigh
Reuters - 4 Hours ago
SINGAPORE, Sept 29 (Reuters) - Gold extended losses to a second session on Monday, dropping towards a nine-month low, as robust U.S. economic data and a stronger dollar curbed demand for the safe-haven

Gold dips towards 9-month low as robust U.S. data, dollar weigh Sharenet

 

Gold Trades Near Lowest Level Since January on Dollar’s Strength
BusinessWeek - 3 Hours ago
Gold traded near the lowest level in almost nine months as the dollar rose to a four-year high amid prospects of higher borrowing costs as the U.S. economy improves. Platinum traded near a 15-month low.

Gold Trades Near Lowest Level Since January on Dollars Strength Bisnis Indonesia

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His $18.17 support level was broken last week

 

David Morgan: US Dollar is the Last Stop Before Gold & Silver Spike

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Now sees "a dramatic drop" below that level - $1.00 or something - with light volume...

 

13 mins in, David Morgan gives his opinion about the exchanges running out of Silver:

"We could run out of Silver on the Shanghai exchange...

On COMEX there are limits (around 7 mn oz. - 1500 cts) on how much one entity can take off the exchange...

They can make you settle in cash."

 

Like many of the Gold Bugs, he says "at some point" we will see a huge run into Gold.

But AFTER a Dollar spike - (such as we are seeing now)

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