The "up-to-the-minute Market Data" thread

reply to post by nydsdan
Well...being as most of US & UK gold has already been looted...what better way to get the rest...good or bad types...start illegal bogus gold or rumor of it...everyone sells...price goes down...you buy it up on the cheap...you have it all...NWO...

see how it works?!?!?

Originally posted by Hx3_1963
BofA lost a credit rating just now...A from A+...I put them on my "list" yesterday I think?

Interesting. I am actually shocked that they were not at A awhile ago. Bank of America is still up 6.88% right now.

I take it they are still "too big to fall"?

Im novice, but it looks like the infamous last hour is dropping like flies.

Went from +75 to -12 within like 15 minutes

And for the BOA thing, I live in Charlotte....people around here are walking around and NOT looking happy!

[edit on 3-3-2009 by Cha49]

reply to post by nydsdan
We'll probley find out on a Monday, after the news "leaks" over the week-end...just like AIG, Citi, ect...



[edit on 3/3/2009 by Hx3_1963]

reply to post by Cha49
If I was them I wouldn't be happy either...they're the Wall St of the South-East...gonna be a lot of guys in suits, sittin' on a corner with "will work 4 food" signs soon...


Chrysler sales down 41.7%


[edit on 3/3/2009 by Hx3_1963]

Originally posted by nydsdan
Didn't China also claim that they were going to start purchasing gold instead of US treasuries?

In any event, I started a thread dedicated to the counterfeiting operations in China. Hopefully it is just a small operation and is not as widespread as I fear.
Counterfeiting thread

I think the Chinese said that they would prefer gold over counterfeited US Treasuries.

reply to post by stander


...or maybe they'd prefer counterfeit gold to genuine US treasuries?

reply to post by Hx3_1963


I just wanted to mention, as I'm learning all of this economic stuff, I'm basing the status of the markets on your smiley faces/frowny/suprised faces. They're like fun little mini indicators for those who don't understand the body of your post. Thanks!

Also, to others in my situation... trying to make sense of this whole situation, I was listening to some great This American Life episodes that explain many things in layman terms. They also have some great interviews with people who are in the industry.

www.thisamericanlife.org...

Also, episodes #365 and #375 are continuations.

PS: I made the flash player for their site.

[edit on 3.3.2009 by Avarus]

Well I am a little worried here. After you guys talking about possible counter gold and silver I decided to dig up my digital scale. It measure in grams and grains. All my coins are suppose to be 1 troy ounce. Here is what they measure out to:

Gold Krugerran 33.96 grams or 524.2 grains
Silver American Eagle 31.29 grams or 483 grains
Silver Generic 31.22 grams or 481.6 grains

I read online that a troy ounce should weigh exactly 31.1034768 grams or 480 grains. I'm sure my scale needs calibrating but I dont have the 100g weight to calibrate it. Even though shouldn't all the coins weigh the same?

reply to post by Avarus


Nice post. Very nice link. Only thing is the Flash player isn't working...




reply to post by Kingfanpaul




I'm not saying anything. You can bet your bottom dollar you'll get an authoritative answer pretty soon, though.





[edit on 3/3/09 by pause4thought]

reply to post by Kingfanpaul


Interesting. I think if there was one that would be really worrisome, it would be the Gold Krugerran since it is falling the furthest from the 31.1034g mark for a Troy Ounce.

Okay, time to invest heavily in digital scales!

I just noticed it weighs in ounces too. The generics say 1.1 ounces, which from what i read is a troy ounce. But my Krugerrand weighs 1.198 ounces and my silver american eagle weighs 1.104 ounces. Man I sure hope I did not get robbed!

Edit: I just read the Krugerrands actual weigh a little more than a troy ounces because they added a small amount of copper to make the coin more resistant to damage. Now if only I could find the actual weigh somewhere.

[edit on 3-3-2009 by Kingfanpaul]

reply to post by Kingfanpaul


Perhaps you might start a new thread about how you can know whether such coins are genuine.

(Alternatively you could try the Counterfeiting in China is legal thread.)

For what it's worth:

“The good news is that these fakes are readily detectable with a 0.01 - gram scale, as the Chinese in their greed are using lower carats of gold and lower grades of silver than the genuine coins, to maximize profit, and thus, in most cases, the fake coins and bars are lighter than the real ones. In a few cases, the silver coins of high numismatic interest are actually OVER weight - it appears that the supply of accurate planchet stock is a major difficulty for the forgers.”

Source

[edit on 3-3-2009 by nydsdan]

reply to post by pause4thought
Well...part of that article says 2-3 Wks?
I've heard a lot of March gloom and doom predicted around this time frame...coincidence?

I'm waiting to see if a audit actually occurs...anyone know if one is planned?

Dow Jones Industrial Average 6,726.02 4:02pm ET -37.27 (-0.55%)
S&P 500 INDEX,RTH 696.33 4:28pm ET -4.49 (-0.64%)

We were fairly close today...modest +/- action at close...% wise almost flat...

take a big breath and wait...for...the...next...shoe...


[edit on 3/3/2009 by Hx3_1963]

Originally posted by pause4thought
reply to post by stander

 

...or maybe they'd prefer counterfeit gold to genuine US treasuries?

They prefer Fort Knox, because Ford knocks.

New Zealand
NZSE 50 2,438.62 4:33PM ET +20.67 (+0.86%)
NZX TOP 10 INDEX 718.59 3.23 0.45% 16:14
NZX 15 GROSS INDEX 4,562.89 23.13 0.51% 16:14
NZX ALL INDEX 620.00 1.53 0.25% 16:02

[edit on 3/3/2009 by Hx3_1963]

Originally posted by pause4thought

Perhaps you might start a new thread about how you can know whether such coins are genuine.

do you mean ... one can always Pay an appraiser?
or take the suspect coins to a Assayer, who will determine the purity of the gold....

~~~~~~~~~~~~~~~~~~~~~~

Now... the the thread in general;

has anyone considered that the whole weights, measures, stamped #s,
controverseys are dis-information/mis-information started by agents
which want gold & coins & ingots to be priced lower so they can grab-it-up?

the sheeple are being corralled into not trusting the Gold & PMs...
just as the globalist bankers parlayed a distrust in whats now known as
toxic assets....
for what ultimate reason (you ask)?
so the sheeple and world community will gravitate to the US Treasuries
as the only half-way trusted asset that can be bought in their Flight-to-Safety panic....

har-har-har.... the ploy/plot seems to be working remarkably well

reply to post by St Udio
Nice...that had crossed my mind, but, I went with the "beat the price down and buy it all" mentality...either way we lose...it's just who's gonna end up as the banker in monopoly...both?

US Fed/Treasury gets fear traffic...beaten down price speculators buy it up...one in the same?


Aaahhh Jeff Mackie just mentioned all the puts on GE!!!

All Ordinaries 3,127.80 10:54PM ET -43.60 (-1.37%)
NZSE 50 2,464.92 10:35PM ET 46.97 (1.94%)
Nikkei 225 7,250.17 10:36PM ET 20.45 (0.28%)
Straits Times 1,527.56 10:41PM ET -0.95 (-0.06%)
Seoul Composite 1,040.38 10:37PM ET 14.81 (1.44%)

Nikkei slips 1.2 pct as U.S. bank woes weigh
www.reuters.com...

IMF Sees ‘Serious’ Risk of Global Economy Contracting (Update1)
www.bloomberg.com...

S&P 500 +5.00 694.50 3/3 10:41pm
Fair Value 695.68 3/3 9:31pm
Difference* -1.18

NASDAQ +3.00 1075.00 3/3 10:33pm
Fair Value 1080.74 3/3 9:31pm
Difference* -5.74

Dow Jones +50.00 6719.00 3/3 10:41pm

[edit on 3/3/2009 by Hx3_1963]

So how bad is it when Las Vegas starts looking BK??

From a local there:

MGM Mirage ponders bankruptcy and has missed the deadline to file its 10K. Harrah's (privately owned) is negotiating with bondholders. Venetian (Adelson) had to put $500 million of his own money into the company, IIRC to prevent a downgrade. And Station Casinos (locals) is negotiating with bondholders to prevent losing the company.

And here's the Mirage may face BK report