http://tinyurl.com/ysolcn

Look familiar??

All the best.—-aggie.

i got caught by the hedge funds gunning the stops and filling them a long way from the order. i hope they are around long enough to run the pm like the did the stock market and then commodities. i got out of my remaining position trades when i lost power and communications. think i will wait till after new year to get back in.

rno

Just got down to your post. It has been a hectic night here looks like. Sure am glad to hear you got power back on. I know how it feels to be without it. We were once out for 30 days and were trying to run a pretty good sized feedlot. Had to use the old hammer mill run with a flywheel belt of a W-9 International to grind milo. Twert fun. It’s amazing how we have gotten so used to it. Saw a history channel show about Edison the other night. We owe that guy a lot!

Your post got me thinking about the Hunts and silver during the 1970’s. Also how traders pick a market to run up…then break it….then go to the next. Rinse and repeat. Rinse and repeat. I know you think the grains are telling us where the pms are headed. So do I. It is hard to believe that they pile the stuff on the ground and the prices just keep goin’ up. You rememeber that wheat got it’s ass broke before the blow up in gold? The news guys said it was the Russian grain embargo, but I think it was the traders deciding it was time to break it and move on to the next bubble. Just used the Russian situation as a good reason to take profits. Wheat got to be old news…The rest of the story?? Gold to 850 and silver to 50. One thing is constant in all markets…..Rinse and repeat……Rinse and repeat.

All the best.—-aggie.

www.safehaven.com/article-9018.htm

“So, to set the record perfectly straight, I gladly say that, as far as I know, Mr. Raines is not personally guilty of anything that anyone can prove, and I’m sorry I rashly said otherwise, when instead, his own lawyer seems to say that he was merely clueless and incompetent. I hope this makes everyone feel better. I know I do!”

Ha!

Auric

Balance the positions with what?? I’m in the gold sector….both physical and the stocks…..for one reason. That being insurance against the dollar holdings that I must maintain. I know the darn stocks and gold are volatile with wide price swings. However, I see nothing else to “balance” what I’m trying to accomplish that even comes close. Maybe there are some here that are after dollar or other paper gains. I’m not. I’d be perfectly content if the pms and the dollar would just stay static…a perfect world. I would not be here in that case. Just trying to keep my ass before someone or something chews it off.  I really appreciate your thought provoking input and posts. All the best.—aggie.

okum..after being away from the keyboard for the most part the past few days i have caught up on the large amount of post of wisdom, info, humor, ta, fa, and bitching…the latter i will expond on…
i’m really really pissed………at me…..
i had 4 thats 4 solid moves at wonderfull ’snatch and grab trades’ and guess what……..i blew them off thinking in my mindset of ‘position trades’. i’m ashamed to call myself a futures trader at this point and after all these years when i can’t even get out of my many year mental block of ‘position trading’ for ’snatch n grab trading’ mechanics. bah humbug.
aaaargggghhhhggg and keel haul the parrott! let the feathers fly.
wj
ps: don’t feel bad in your choices i’ve got enough feel bad for us all in a really short time span —like 4 weeks worth. BAA!
so everyone feel goodly cause its christmas…..and bless you all.

www.icq.com/greetings/cards/66/

The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.”

–Winston Churchill,
British prime minister

A positive attitude may not solve all your problems, but it will annoy enough people to make it worthwhile.” –Herm Albright, writer

When you step into a turnaround situation, you can safely assume four things: morale is low; fear is high; the good people are halfway out the door; and the slackers are hiding.” –Nina Disesa, as chairwoman of McCann-Erickson Worldwide

If toast always lands butter-side down, and cats always land on their feet, what happens if you strap toast on the back of a cat and drop it?” –Steven Wright, comedian, actor

The three great essentials to achieve anything worth while are, first, hard work; second, stick-to-itiveness; third, common sense.” –Thomas Edison, inventor and businessman

One of the hardest tasks of leadership is understanding that you are not what you are, but what you’re perceived to be by others.” –Edward L. Flom, CEO of Florida Steel

Do what you feel in your heart to be right — for you’ll be criticized anyway. You’ll be damned if you do, and damned if you don’t.” –Eleanor Roosevelt, former first lady and American political leader

The statistics on sanity are that one out of every four Americans is suffering from some form of mental illness. Think of your three best friends. If they’re OK, then it’s you.” –Rita Mae Brown, writer and activist

People, even more than things, have to be restored, renewed, revived, reclaimed, and redeemed; never throw out anyone.” –Audrey Hepburn, Academy Award-winning actress, humanitarian

Rule No. 1: Use your own good judgment in all situations. There will be no additional rules.” –Bruce, Jim and John Nordstrom, co-presidents of Nordstrom department store, in the employee handbook

I am you and you are me and we are all together?

but I think I will pass on the SNOW!   However,  cookies can be sent to the attention of:

Cookie Monster

Nashville, Tennessee 

CIBC’s lightly guarded secret is the name of a “U.S. financial guarantor” that faces a possible downgrade on its A credit rating and is “not necessarily rated by both Moody’s & S&P.” That’s how CIBC last week described the company that is insuring $3.47 billion, or about a third, of the collateralized- debt obligations it holds that are tied to U.S. subprime mortgages.

The company’s identity matters because the bank said these hedged CDOs were worth just $1.76 billion at Oct. 31, down almost half from their face amount. If the guarantor goes poof, CIBC loses its hedge on these derivative contracts. And the Toronto-based bank would have to recognize the loss, which is growing.

http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_weil&sid=at9H1JerrE7c

Thanks and I hear ya.. in bizarro world one never knows what will happen next..

Yikes, almost burnt a batch. Good thing I only do this once a year       

 Happy Holidays..PS ..you need  me to send you some snow for xmas?

UBS hit with shareholder lawsuit over subprime

NEW YORK, Dec 13 (Reuters) - A shareholder sued UBS AG on Thursday, contending the Swiss bank misled investors about write-downs related to securities linked to U.S. subprime mortgages.

William Wesner sued the bank and certain individuals, including former Chief Executive Peter Wuffli and former Chief Financial Officer Clive Standish, according to the complaint filed in U.S. District Court in Manhattan.

The complaint contends that UBS and and certain officers and directors issued statements that “were materially false and misleading because they failed to disclose the company’s failure to timely write-down impaired securities containing subprime debt.”

Earlier this week, UBS announced a $10 billion write-down and a massive injection of funds from Singapore and the Middle East, making it the biggest subprime crisis casualty to date among major European banks.

The write-down followed a $3.7 billion hit UBS suffered at the end of October that was also related to U.S. subprime mortgages — loans made to high-risk home buyers who face rising interest rates and are now defaulting on payments.

Following the write-down announcement, UBS shares fell to $48.78, a 26 percent decline from the high reached during the period covered by the lawsuit, according to the complaint.

The lawsuit, which seeks class-action status, was filed on behalf of shareholders who bought stock from March 13 to Dec. 11, according to the complaint. Wesner is being represented by law firm Coughlin Stoia Geller Rudman & Robbins LLP.

A UBS spokesman had no immediate comment.