You Can Only Laugh

I heard a great joke today.

THE US DOLLAR.

LOOOOOOOOOOOOOOOOOOOOOOOOOOOL!!!!

That was a good one!


So the Euro gets to 1.59 vs Charmin this morning for the third time in the past 4 weeks. March 17, March 31, and today. It actually hit an all-time high vs Charmin this morning. And just like the previous two times it puked and went down like a stone in the ocean. Hmm, I would have to say that somebody definitely does not want the Euro above 1.59.

So this reaction in the Euro signals everybody to race to Charmin? I'm convinced now that whenever the Euro hits 1.59 a wave of diarrhea descends onto the currency traders and the demand for Charmin rises. It is amusing ...frustratingly so. And hey, why don't I throw my Gold and Silver out the window on the way to the toilet so I can get to the Charmin faster.

This is what happens when humans are not making the trades in these markets. Little black boxes and their algorithms are. Algorithms designed by the genius types that came up with all these keen alphabet derivatives that have brought the world's financial system to it's knees. Nobody knows what to do for themselves anymore...they just pray that the machines do. Well, the machines don't have a clue. And in the end, Precious Metals will just go higher and the US Dollar will just go lower. It really is that simple. A tug of war in cyberspace that will eventually end with everybody outside the Precious Metals Markets scorched and penniless.


Gas, Diesel Prices Hit New Records
Gas, Diesel Prices Hit New Records a Day After Crude Hits Its Own New High Mark
NEW YORK (AP) -- U.S. retail gas prices extended their record run Thursday, adding to the pain consumers feel every time they fill up. Experts predict prices will rise even higher as peak summer driving season approaches.
http://biz.yahoo.com/ap/080410/oil_prices.html

Hey, good time to sell your Gold and buy Charmin!


Henry Paulson, U.S. Treasury Secretary
Thu, Apr 10 2008, 15:28 GMT
Thomson Financial News - "The US economy has turned down sharply and the risks are to downside."


Hey, great reason to sell your Gold and buy Charmin!


Lehman Brothers Holdings Inc. disclosed in a regulatory filing Wednesday that it liquidated three funds because of the tight credit markets and bought the assets of those funds, valued at $1 billion, on Feb. 29. The investment bank said it also purchased deteriorated assets valued at $800,000 from other funds.
http://biz.yahoo..com/ap/080410/wall_street.html

Hey, the banks are doing great. Sell your Gold and buy Charmin!


Dollar trims losses vs euro as Trichet remarks same
NEW YORK, April 10 (Reuters) - The dollar fell to a record low against the euro on Thursday, but pared losses as European Central Bank President Jean-Claude Trichet did not drastically change his growth and inflation views for the euro zone.

The greenback's recovery was also helped by Trichet's remarks that recent volatility on foreign exchange markets was excessive and was to be deplored.
http://www.reuters.com/article/marketsNews/idUSN1033018320080410

Hey, I knew there had to be a good reason to sell Gold and buy Charmin. ECB President Trichet himself said that a strong Euro was deplorable? So if the Euro at a new ALL-TIME high is deplorable, what does that make the US Dollar? That's easy, ...a substitute for Charmin!


Retailers Post Sluggish Sales in March -AP

Increase in Trade Deficit Raises Concern -AP

Paulson Says US Economy Has 'Turned Down Sharply' -CNBC

Bernanke: New Crisis Must Be Stemmed Now -AP

Lenders Drop Out of Student Loan Market -AP


Machines can't read headlines. Apparently a lot of currency traders can't read them either. These are just a small sample of headlines seen on Yahoo's Finance page today. Not a single one of these is US Dollar positive in any way, shape, or form. Yet for some bizarre reason, the putrid Dollar gets up off the mat and an all-time low versus the Euro, and ends the day up?

You can only laugh. Bitch a little, and get it out of your system. Volatility is part of building a base. From a strong base markets can launch to new highs. For many, $1000 Gold was the Moon. Gold is orbiting the Moon now, refueling for it's next leg up. "Passengers, please remain in your seats. Our ride to places no Gold Bug has gone before may resume at any time with out warning."

Gold and Silver, Preparing for the Next Launch to Greater Heights
During the recent drop in silver a few weeks ago, the number of ounces in the SLV, silver ETF actually increased! A very bullish development!

Silver seems to bottom towards the end of each quarter: March, June, September and December often carve out a bottom in silver. The drop in March came right on schedule.
http://www.marketoracle.co.uk/Article4266.html