Monday, May 2, 2011

The First Busted Bubble Everyone is Sure Of

LONG Monday! I should have gone to be earlier but was following the news......

US Navy Seals Retire Osama Bin Laden
By now I am sure all know what happened last night. I congratulate the US Navy Seals, the intelligence community, and President Obama for making this happen. This kind of operation is very dangerous, but I think 1000X times more scary for US enemies than some random missile shot from a drone. There are issues that concern me, but that's for another time.

The First Busted Bubble Everyone is Sure Of
I never thought I would witness it, but the destruction of the "silver bubble" may well be the first one that everyone and their brother is sure of in real time. I actually have a ton of thoughts on this but I am pressed for time and so must be brief.

-Margin requirement hikes keep coming, and another occurred this afternoon. Many think this is normal for a volatile commodity, but is it really? I don't have all the information in front of me but 4 hikes in a 5 day span seems high. If every commodity that has been up is done this way then fine.
-Who would want to sell a huge position at the least liquid time in the market to guarantee a huge drop? This question begs for an answer. Anyone have one? Either a big position got very scared and sold at any price, a forced liquidation (how, was silver down that much Friday?), or "other" which will always get plenty of ink and attention. My best idea is that a monster levered player got liquidated, I want to know who so I don't have to bail them out!
-Unless silver was THE ONLY vehicle for hot money, I think market players would be wise to note what is going on. If hot money flows are that nervous, silver may be the first of many things to get firebombed soon. Could be the canary in the coal mine for the "reflation" trade. It is hard for me to see the S&P going ever higher if momentum spots are being closed out. Unless silver is the only irrational bubble in the markets right now.

As is this bears watching for many reasons.

Picture Pages
Due to strong demand, I cropped the barracuda pictures so I can post a couple here.

I want to be up front; THERE WILL BE NO PICTURES of Economic Disconnect performing "Have You Ever Seen the Rain" in Karaoke nor any pics of me dancing to "Poker Face". There is a technique in The Force that allows a user to flash blind all cameras in the area to avoid pictures being taken. I used it!

Anyways, here is the big barracuda my wife caught and reeled in (15 minute fight!). The thing about this fish was how very wide it was. The Captain was very excited (click for larger view):

NICE!

Here are some of the teeth from these things:

Nasty. Almost Honey Badger like.

Have a good night.

10 comments:

watchtower said...

That is freakin' ginormous!

Mrs. GYSC FTW!!!

getyourselfconnected said...

Mrs. Disconnect (she would have to be to marry me! 7 years now!) has a nice bruise from fighting that thing! She is so brave.

Jennifer Hillier said...

Mrs. Disconnect is bad ass! That's a crazy big fish!

No karaoke pics? Waaaaaah!

getyourselfconnected said...

I think Mrs. Disconnect is related to the honey badger? I know she can badger me.....KIDDING DEAR!

Nope on karaoke, and be thankful there is no audio :)

David Batista said...

Heh, heh . . . Force flash. That must be similiar to the MiB memory flash wipe, only more selective.

And NICE catch my the missus, there! Whoa!

I'm watching Streets of Fire. Bizarre film . . . but damn do I miss these 80s movies! My friend and I always lament that they just don't make them like this anymore.

getyourselfconnected said...

David, how about that butterfly knife scene at the start! Tom Cody rules.

David Batista said...

Oh, I loved that! *slap* *twirl, twirl* *SLAP SLAP SLAP SLAP SLAP* *twirl, twirl, twirl* :)

Oh, and Willem Dafoe looks WEIRD in this.

GawainsGhost said...

That is a nice catch, and the barracuda is a particularly nasty fish.

But if you think that fish is big, think again. I knew this guy back in high school, a stereotypical Texas country boy. One day he and his buddies were driving a pick up down a dirt road next to a drainage ditch, drinking beer, which is what passed for entertainment in those days. He was riding in the bed, and he looked down and saw this 16-foot alligator gar swimming in the canal.

This insane, drunk lunatic leaped out of the truck, jumped into the water, and wrestled that monster onto the road. Made the front page of the newspaper.

Anonymous said...

Nice fish Get. He must have been fun on that midsize spinning combo in the background there.

I agree the SLV action is interesting/disconcerning. Unless the other sectors follow, I can only conclude you are in fact trying to recreate that FCOJ scene in Trading Places...

After Mr. Get set the price, the parabolic SLV rise led people to conclude that the Duke Bros were trying to corner the market. Get knowing fully well that Clarance Beeks report would show that the Goldman story was a bunch of hooey, he agressively shorted, making himself rich, and simultaneously ruining the Duke Bros (who conincidentally couldnt cover their MARGIN) in the process. Coincidence? I think not.

AND FURTHER, did they not conclude their little caper with a little R&R on a caribbean island? HMMMMM - I dont know Get, this all seems very suspicious to me.

getyourselfconnected said...

David,
I love that scene "try ti again PUNK!"

Gawains,
one time I fished for bass in Florida and saw an alligator gar, very prehistoric and yes huge!

Anon,
that is too funny, may use it tonight.