Friday Morning Insight from Elmer

ssmith wrote:[size=16][color=#0099ff]-snip-

[b]elmerf123456 wrote
13m ago
Not possibly today but when we break the 15K mark get Katy and tell her not to Bar the Door!

Newcreation wrote
10m ago
Elmerf...whats it mean that IQD slingshot? Pops up, then down??

elmerf123456 wrote
10m ago
New yes.

The hyperinflated Usd holds the IQD down. What happens when the USD weakens? !!!!

One problem, the USD is not hyperinflated. I suggest you read up on the definition of hyperinflation.

Tbirdd wrote
8m ago
so with a sell off, how does that work--they sell for less just to dump certain stocks? idk..

elmerf123456 wrote
8m ago
Tbirdd. Plus a bag of chips.

Selloffs imply a big lack of confidence and we get the dip and rip!
If we see IQD at 1085.....not a time to faint.

Totally Blessed wrote
5m ago
1085 is better than 1166 right elmer?

elmerf123456 wrote
6m ago
Just a tad. Lol

In terms of market I expect still a big drop. But we don't have to wait for that to see what I'm looking for and that's China's next big move which will be felt around the globe and highly anticipated by many.

The only big move I anticipate from China is a grab for the oil rich areas in the South China Sea. They are not building those islands, and airfields for fun.

olesailor wrote
5m ago
elmer do you think that China is going to drop the yuan again?


elmerf123456 wrote
4m ago
Ole sailor I think it involves some of our fellow currencies at are near and dear to our hearts and China plays follow the leader.

They may have no choice if they can not turn their economy around quickly.
Tbirdd wrote
4m ago
Elmer --- will that be reflected in the Dow #s and/or forex #s ?..

Forex is a given, if the Renimbi loses value it's a given that would be reflected in the Foreign Currency Exchange. Dow, not so much, now speculation that the Fed may not wait until December to make a move on the rates, that WILL effect the Dow, and just about every market in the world.
elmerf123456 wrote
4m ago
Just a scenario I'm following and believe it to be a ticket puncher.
Yes but only for a short short.

Bus ticket maybe ....
flybaby777 wrote
52s ago
elmer.. rayren was calling you

OH, getting advice from Ray the tax cheat? Good source.

elmerf123456 wrote
42s ago
I wasn't on OM. Hope it wasn't important.

flybaby777 wrote
6m ago
Elmer... he just wanted you to recap what you said earlier but ray had flight to make so om down now

elmerf123456 wrote:RTo answer. I know all about what's up with Tony. I am at TNT cause I have people I like over there for years. I don't follow tony. I just communicate over these as I do and listen as well as to frank26 BGG Exo and several others. I don't judge anyone as they are responsible for their own doings and will obviously pay for it too. Also I don't donate to any site. I like everyone else are free to contribute what they get good bad or indifferent.

elmerf123456 wrote:I personally feel the hating on me is due to the hating and despise you have for TNT Tony. For the record, I doubt he even knows me or many in his forum. So just because I post there doesn't make me his exclusive poster! I share in several places.