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Ophir

11,173 Posts.

51

02/05/16

23:29

Post #: 17657878
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Originally posted by wombat53 ↑

I overlooked the fact than LON is closed for a Bank Holiday (no trading on LSE). In the meantime we see USD rising a tad and gold falling a tad...presumably correlated.
I don't know how short gold GS and MS are. You know, the head of MS is an Aussie (James Gorman)? Maybe somebody here once worked with him? I'll put in a call to Lloyd B at GS. I used to work in their HQ (but for Merrill Lynch, in IT) - in fact Gorman came to GS from there, as best I recall. (MER, now part of BofA).
I thought they covered their short positions late last week????
Aussies done very well in US...people would be surprised...(and I'm not talking about Hollywood).
Personally, I don't see any high drama before the Elections in November. China is the wild card, as always.

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Wall St about to open, futures up 50 on Dow. Let me see: Puerto Rico defaulting on $400m bond payment to Wall St banks, Atlantic City expected to default, US oiler bankrupt with $4 billion debt, another oiler files for Chapter 11, and oil mega-merger deal collapses, plus Buffett warns of bank derivative nuke.

Must be worth at least 200+ on Dow!

http://www.zerohedge.com/news/2016-...efaults-and-failed-mergers-push-futures-green

Last edited by Ophir: 02/05/16
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0 Great analysis

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