Gold down another $15+

USD still feeling the jig.

Oil down another $1

Trooper - 11 September 2008 04:50 AM

This sounds like it’ll be fun to watch.  Please post your trades publicly so we can all see how it works out !

Troop, why don’t you play the Panda Challenge with us. I’ll probably be going a lot riskier in my play, so I’ll probably lose the $100k in a week.  It will be fun to learn - margins, shorts, etc.

graphrix - 11 September 2008 05:24 AM

awgee - 11 September 2008 03:47 AM

graphrix - 11 September 2008 01:51 AM

You just invest the way that you would normally invest. Maybe even try some new and risky things.

I’m in, but since this is play money, I am trading, not investing.  How much do we get to start with?

CalGal, I think everything after the first sentence or two in Panda’s last post is an article written by someone else, not Panda.  He was asking what you thought of the article, I think.

Optimus, Trojman, Capworks, IR, bix, no vas, et al., are you in?

Check your PMs, you have directions on how to start and how much you get, $100k. BTW, I will prolly be trading too. It will be too hard for me to just sit there and all with my ADD. Just don’t be writing naked put options on Lehman, you don’t want to make the same mistake that so many did on Bear Stearns.

I’d like to compete in the Challenge as well.
Could you post or pm me the details so I can join.
My first pick will be TRLG, which continues to stand strong in a tough/hostile retail environment

.

Awgee….I replied yes a few pages ago but in case you overlook…I’m down for the competition as well.

optimusprime - 11 September 2008 05:57 PM

Awgee….I replied yes a few pages ago but in case you overlook…I’m down for the competition as well.

Graphrix is the main contact for The Panda Challenge.
You may want to send him a PM to get signed up.
He’ll send you the details.

PANDA - 11 September 2008 05:58 PM

Is there a good chance that the FEDs will cut rates on the 15th since the dollar is strong?

Not being expected, and I don’t think the Fed has the room to quite yet.

http://money.cnn.com/2008/09/10/news/economy/fed_outlook/index.htm?postversion=2008091014

Though with the major failures coming up, a rate cut is not out of the question.

optimusprime - 11 September 2008 03:01 PM

Gold down another $15+

USD still feeling the jig.

Oil down another $1

Look about below…Gold….see ya in the $600s and Oil see ya in the $80s!

ukyo116 - 11 September 2008 06:28 PM

PANDA - 11 September 2008 05:58 PM

Is there a good chance that the FEDs will cut rates on the 15th since the dollar is strong?

Not being expected, and I don’t think the Fed has the room to quite yet.

http://money.cnn.com/2008/09/10/news/economy/fed_outlook/index.htm?postversion=2008091014

Though with the major failures coming up, a rate cut is not out of the question.

FED fund rate futures are predicting a 50-50 chance of a .25% cut before the end of the year.

usctrojanman29 - 11 September 2008 07:03 PM

ukyo116 - 11 September 2008 06:28 PM

PANDA - 11 September 2008 05:58 PM

Is there a good chance that the FEDs will cut rates on the 15th since the dollar is strong?

Not being expected, and I don’t think the Fed has the room to quite yet.

http://money.cnn.com/2008/09/10/news/economy/fed_outlook/index.htm?postversion=2008091014

Though with the major failures coming up, a rate cut is not out of the question.

FED fund rate futures are predicting a 50-50 chance of a .25% cut before the end of the year.

Actually ..it is more 30% chance for a cut by year end 08’.

Fed Funds could very well stay at 2% until middle of next year when there is a higher likely hood of a rate hike to 2.25%.

optimusprime - 11 September 2008 07:23 PM

usctrojanman29 - 11 September 2008 07:03 PM

ukyo116 - 11 September 2008 06:28 PM

PANDA - 11 September 2008 05:58 PM

Is there a good chance that the FEDs will cut rates on the 15th since the dollar is strong?

Not being expected, and I don’t think the Fed has the room to quite yet.

http://money.cnn.com/2008/09/10/news/economy/fed_outlook/index.htm?postversion=2008091014

Though with the major failures coming up, a rate cut is not out of the question.

FED fund rate futures are predicting a 50-50 chance of a .25% cut before the end of the year.

Actually ..it is more 30% chance for a cut by year end 08’.

Fed Funds could very well stay at 2% until middle of next year when there is a higher likely hood of a rate hike to 2.25%.

I agree with that.
By keeping rates low, they’re hoping to stabilize the market.
Even with $$$ down, it’s becoming more and more difficult to obtain financing.

tenmagnet - 11 September 2008 07:35 PM

optimusprime - 11 September 2008 07:23 PM

usctrojanman29 - 11 September 2008 07:03 PM

ukyo116 - 11 September 2008 06:28 PM

PANDA - 11 September 2008 05:58 PM

Is there a good chance that the FEDs will cut rates on the 15th since the dollar is strong?

Not being expected, and I don’t think the Fed has the room to quite yet.

http://money.cnn.com/2008/09/10/news/economy/fed_outlook/index.htm?postversion=2008091014

Though with the major failures coming up, a rate cut is not out of the question.

FED fund rate futures are predicting a 50-50 chance of a .25% cut before the end of the year.

Actually ..it is more 30% chance for a cut by year end 08’.

Fed Funds could very well stay at 2% until middle of next year when there is a higher likely hood of a rate hike to 2.25%.

I agree with that.
By keeping rates low, they’re hoping to stabilize the market.
Even with $$$ down, it’s becoming more and more difficult to obtain financing.

Also factor in Oil prices coming in from $140+ to $100 is as good as a 25-50 basis point cut in the Feds mind.

optimusprime - 11 September 2008 07:37 PM

tenmagnet - 11 September 2008 07:35 PM

optimusprime - 11 September 2008 07:23 PM

usctrojanman29 - 11 September 2008 07:03 PM

ukyo116 - 11 September 2008 06:28 PM

PANDA - 11 September 2008 05:58 PM

Is there a good chance that the FEDs will cut rates on the 15th since the dollar is strong?

Not being expected, and I don’t think the Fed has the room to quite yet.

http://money.cnn.com/2008/09/10/news/economy/fed_outlook/index.htm?postversion=2008091014

Though with the major failures coming up, a rate cut is not out of the question.

FED fund rate futures are predicting a 50-50 chance of a .25% cut before the end of the year.

Actually ..it is more 30% chance for a cut by year end 08’.

Fed Funds could very well stay at 2% until middle of next year when there is a higher likely hood of a rate hike to 2.25%.

I agree with that.
By keeping rates low, they’re hoping to stabilize the market.
Even with $$$ down, it’s becoming more and more difficult to obtain financing.

Also factor in Oil prices coming in from $140+ to $100 is as good as a 25-50 basis point cut in the Feds mind.

Very good point, I hadn’t thought of that.
Let the de-leveraging continue.

optimusprime - 11 September 2008 07:23 PM

usctrojanman29 - 11 September 2008 07:03 PM

ukyo116 - 11 September 2008 06:28 PM

PANDA - 11 September 2008 05:58 PM

Is there a good chance that the FEDs will cut rates on the 15th since the dollar is strong?

Not being expected, and I don’t think the Fed has the room to quite yet.

http://money.cnn.com/2008/09/10/news/economy/fed_outlook/index.htm?postversion=2008091014

Though with the major failures coming up, a rate cut is not out of the question.

FED fund rate futures are predicting a 50-50 chance of a .25% cut before the end of the year.

Actually ..it is more 30% chance for a cut by year end 08’.

Fed Funds could very well stay at 2% until middle of next year when there is a higher likely hood of a rate hike to 2.25%.

It’s already down to 30%, huh?  This morning at 5:30am after they released the unemployment claims data some guy on CNBC was stating that Fed Funds Rate futures were pricing in about a 50-50 chance of a rate cut before year-end.  I guess since the stock market has moved up and teasuries have slipped that percentage as decreased.

optimusprime - 11 September 2008 07:37 PM

tenmagnet - 11 September 2008 07:35 PM

optimusprime - 11 September 2008 07:23 PM

usctrojanman29 - 11 September 2008 07:03 PM

ukyo116 - 11 September 2008 06:28 PM

PANDA - 11 September 2008 05:58 PM

Is there a good chance that the FEDs will cut rates on the 15th since the dollar is strong?

Not being expected, and I don’t think the Fed has the room to quite yet.

http://money.cnn.com/2008/09/10/news/economy/fed_outlook/index.htm?postversion=2008091014

Though with the major failures coming up, a rate cut is not out of the question.

FED fund rate futures are predicting a 50-50 chance of a .25% cut before the end of the year.

Actually ..it is more 30% chance for a cut by year end 08’.

Fed Funds could very well stay at 2% until middle of next year when there is a higher likely hood of a rate hike to 2.25%.

 

I agree with that.
By keeping rates low, they’re hoping to stabilize the market.
Even with $$$ down, it’s becoming more and more difficult to obtain financing.

Also factor in Oil prices coming in from $140+ to $100 is as good as a 25-50 basis point cut in the Feds mind.

That saves the TrojanMan $$$ because he drives about 30k miles a year (mainly for work but is reimbursed @.585/mile).

usctrojanman29 - 11 September 2008 08:01 PM

optimusprime - 11 September 2008 07:37 PM

tenmagnet - 11 September 2008 07:35 PM

optimusprime - 11 September 2008 07:23 PM

usctrojanman29 - 11 September 2008 07:03 PM

ukyo116 - 11 September 2008 06:28 PM

PANDA - 11 September 2008 05:58 PM

Is there a good chance that the FEDs will cut rates on the 15th since the dollar is strong?

Not being expected, and I don’t think the Fed has the room to quite yet.

http://money.cnn.com/2008/09/10/news/economy/fed_outlook/index.htm?postversion=2008091014

Though with the major failures coming up, a rate cut is not out of the question.

FED fund rate futures are predicting a 50-50 chance of a .25% cut before the end of the year.

Actually ..it is more 30% chance for a cut by year end 08’.

Fed Funds could very well stay at 2% until middle of next year when there is a higher likely hood of a rate hike to 2.25%.

 

I agree with that.
By keeping rates low, they’re hoping to stabilize the market.
Even with $$$ down, it’s becoming more and more difficult to obtain financing.

Also factor in Oil prices coming in from $140+ to $100 is as good as a 25-50 basis point cut in the Feds mind.

That saves the TrojanMan $$$ because he drives about 30k miles a year (mainly for work but is reimbursed @.585/mile).

Not bad, that seems pretty generous.
What about your condo sale, are you holding the paper?

tenmagnet - 11 September 2008 08:14 PM

usctrojanman29 - 11 September 2008 08:01 PM

optimusprime - 11 September 2008 07:37 PM

tenmagnet - 11 September 2008 07:35 PM

optimusprime - 11 September 2008 07:23 PM

usctrojanman29 - 11 September 2008 07:03 PM

ukyo116 - 11 September 2008 06:28 PM

PANDA - 11 September 2008 05:58 PM

Is there a good chance that the FEDs will cut rates on the 15th since the dollar is strong?

Not being expected, and I don’t think the Fed has the room to quite yet.

http://money.cnn.com/2008/09/10/news/economy/fed_outlook/index.htm?postversion=2008091014

Though with the major failures coming up, a rate cut is not out of the question.

FED fund rate futures are predicting a 50-50 chance of a .25% cut before the end of the year.

Actually ..it is more 30% chance for a cut by year end 08’.

Fed Funds could very well stay at 2% until middle of next year when there is a higher likely hood of a rate hike to 2.25%.

 

I agree with that.
By keeping rates low, they’re hoping to stabilize the market.
Even with $$$ down, it’s becoming more and more difficult to obtain financing.

Also factor in Oil prices coming in from $140+ to $100 is as good as a 25-50 basis point cut in the Feds mind.

That saves the TrojanMan $$$ because he drives about 30k miles a year (mainly for work but is reimbursed @.585/mile).

Not bad, that seems pretty generous.
What about your condo sale, are you holding the paper?

Nope, I’ll walk away with all of my equity and amount that I spent on raw material for the upgrades (my dad and I did all the work) plus some extra money for a few lunches and dinners.  haha The Buyer is pre-approved with Bank of America for a 30-year fixed loan.  I also had a roommate for about 3 years that paid $900/month to rent one of the rooms so I made an extra $30k off that along with my mortgage being a 5-year ARM @ 4.875%.

Alright, I PM’d or responded to PMs for OP, skekmeister, CalGal, and Tenmagnet. Now… where is our heavy weight challenger Panda? This is going to be very interesting. Anyone else want to join?

graphrix - 11 September 2008 10:31 PM

Alright, I PM’d or responded to PMs for OP, skekmeister, CalGal, and Tenmagnet. Now… where is our heavy weight challenger Panda? This is going to be very interesting. Anyone else want to join?

Yeah, count me in Mr. graphrix!

graphrix - 11 September 2008 10:31 PM

Alright, I PM’d or responded to PMs for OP, skekmeister, CalGal, and Tenmagnet. Now… where is our heavy weight challenger Panda? This is going to be very interesting. Anyone else want to join?

I’m all signed up.
Graph, should we start a “Panda Challenge” or “Investopedia” thread so we don’t derail this thread.
I didn’t want to start anything in case you had something else in mind.
This will be fun.

Has anyone here invested in Platinum (outside of owning wedding bands)?  The chart looks pretty ugly.

CalGal - 11 September 2008 11:55 PM

graphrix - 11 September 2008 10:31 PM

Alright, I PM’d or responded to PMs for OP, skekmeister, CalGal, and Tenmagnet. Now… where is our heavy weight challenger Panda? This is going to be very interesting. Anyone else want to join?

I’m all signed up.
Graph, should we start a “Panda Challenge” or “Investopedia” thread so we don’t derail this thread.
I didn’t want to start anything in case you had something else in mind.
This will be fun.

That is a good idea. If you don’t mind, go ahead and start the threat in OT. I am walking out the door for a weekend trip, and I will be checking in when I can.

graphrix - 12 September 2008 12:27 AM

CalGal - 11 September 2008 11:55 PM

graphrix - 11 September 2008 10:31 PM

Alright, I PM’d or responded to PMs for OP, skekmeister, CalGal, and Tenmagnet. Now… where is our heavy weight challenger Panda? This is going to be very interesting. Anyone else want to join?

I’m all signed up.
Graph, should we start a “Panda Challenge” or “Investopedia” thread so we don’t derail this thread.
I didn’t want to start anything in case you had something else in mind.
This will be fun.

That is a good idea. If you don’t mind, go ahead and start the threat in OT. I am walking out the door for a weekend trip, and I will be checking in when I can.

Panda beat me to it.
Have a great vacation.
No need for you to check in.  We promise to behave.
(Although we have no control over Ipo and IR2)

Back to the thread . . .
 
What time does US Gold stop trading for the day? I know it trades after the NYSE closes, but I can’t figure out when the gains or losses for the day zero out. I tried to Google it, but no luck.

CalGal - 12 September 2008 02:19 AM

Back to the thread . . .
 
What time does US Gold stop trading for the day? I know it trades after the NYSE closes, but I can’t figure out when the gains or losses for the day zero out. I tried to Google it, but no luck.

Just out of curiosity, aren’t there arbitrage opportunities with all these different markets having different prices? Or is transport and deliver such a problem that these differences can persist?