"THE MARKET... consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Alexander Elder

Monday, April 28, 2008

Monday, April 21, 2008

Sunday, April 20, 2008

Sucker's Rally?

"Professional investment may be likened to those newspaper competitions in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly corresponds to the average preferences of the competitors as a whole; so that each competitor has to pick, not the faces which he himself finds the prettiest, but those which he thinks likeliest to catch the fancy of the other competitors, all of whom are looking at the problem from the same point of view." - John Keynes
see: A time to sell, a time to buy

Sunday, April 13, 2008

Saturday, April 12, 2008

Friday, April 11, 2008

Naked Short Selling

see: ...buff, or is it biff?

"Spike Back", the movie

Electronic trading ultimate drama.
WARNING: Graphic scenes of manipulation and charting violence.
May not be suitable for all members of the trading community.

see: Rated R
(alternate working title, "Divine Justice")
see also: the current environment

Thursday, April 10, 2008

Wednesday, April 9, 2008

Naughty Broker Spike Caught on Screenshot

Legalized theft continues in
the land of OTC spot forex.

Why we don't trade it.

see: NDD Forum see also: Post #136 see also: Plug-in Poop
How brokers may be experiencing instant karma on all this!
A must read. see: NDD Blog, "Divine Justice"

Monday, April 7, 2008

Another reason to by gold?

Termites eat through deposit box, (bank says tough luck).
see: Savings eaten up

Sunday, April 6, 2008

Gold Rush 21

Gold Anti-Trust Action Committee
see: video 02:41
see: video 24:00

Support at 57.60?

Selling on the news has already occurred. Time to revisit the rumor?
see: Not just hot air. In fact, not any air!
see: the chart
see: the man
see: the baby

Saturday, April 5, 2008

The Day the Dollar Sets

see: video

Perhaps we should worry!

"We are facing a global financial crisis which is probably
the first truly global financial crisis of the modern world."

see: big

Thursday, April 3, 2008

Tuesday, April 1, 2008

Monk of the Month

Your comments,
tips and prognostications.

eXTReMe Tracker

What is a Bucket Shop?

"Bucket Shop is a specifically defined term under the criminal law of many states in the United States which make it a crime to operate a bucket shop. [2] Typically the criminal law definition refers to an operation in which the customer is sold what is supposed to be a derivative interest in a security or commodity future, but there is no transaction made on any exchange. The transaction goes 'in the bucket' and is never executed. Without an actual underlying transaction, the customer is betting against the bucket shop operator, not participating in the market."
see: Wikipedia

The SEC believes that "internalization" is somehow different, and this affects ALL of your online trading, no matter what you are trading. Trades that are executed outside of the exchange, never reaching the main market, effectively hide data from technical analysis, and skew pricing.
see: Not a bucket?

"... internalization hurts retail customers and market quality"

see: EconPapers

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