Monday before close, Tom McClellan, interviewed on Bloomberg, explained the gold lease rates paradox and the “point of recognition” threshold. It is probably still available in the archive of B. Those interested in the real stuff might read it to understand what is happening…
No “conspiracy theory”! Just pure arbitrage in specific trading conditions…amplified by greed!
Thanks cougar
Anyone on board who can find the link to that Bloomberg Mcclellan interview and/or can translate “gold lease rates paradox and the point of recognition threshold” into English, gets a plate of spaghetti on the house.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Me XMan wrote:Market can overshoot and go $119 you know...
Mr. BachNut wrote:Intermediate Long. Took hedges off too soon. Ugh.
Market has moved toward max pain (SPY 121 I believe).
I should have known better.
If today's close is ugly, I may get a sell on mechanical model.
I have got a stop to throw hedges back on if necessary but would like to be patient through Opex.
hiram wrote:good morning everyone,
just wanted to once again thank everyone for the hard work here on a daily basis this site has acted as a light in the dark for me over the last 4 yrs. i am a practicing financial planner with 10yrs experience and approx 2700 clients. being 34 in a business with an average age of 57 has made the process of learning a lonley journey, so i cant begin to explain how much i value the sense of community that i gain from this site on a daily basis. i found the time to register over the weekend and the 120 spent seems to good to be true for acces to cobra's skill set, not to mention that many of the daily contributors could run sucsessfull pay sites without question. may all members profits always be bigger than our losses.
thanks
grachu wrote: cobra for a quick learning lesson here. do you see the Apple intra day chart as consolidation before another move down , on the one minute looks like an ascending triangle getting rip to breakdown thanks !!!
I think AAPL is not good looking. The trend is down.
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