Tuesday, September 13, 2016


Highhopes:  Good Morning all…On October 1st the Yaun goes active in the basket. Maybe that is going to create some movement on the things we are hoping for…… Also- Friday is a triple witching day when the contracts are due on bonds, commodities and stocks all on the same day. That rarely happens but in the shape they're all in, that's going to really kill 'em.

Suggar: high GM ....what makes it active

Highhopes: suggar - as I understand it - it becomes a reserve currency like the USD, Canada and Australia.....Most countries will have more yuan in their treasuries as a reserve currency - supposed to be a really big deal…..right now its just Chinese currency- it will soon become a world reserve currency…people smarter than me can explain it better I'm sure

Highhopes: The triple witching day on Friday is huge. remember Trading Places-the movie ? At the end -the margin call....when the Duke Brothers couldn’t pay - the NYSE took all their property and money- made them broke? well...that could happen to lots of folks on Friday…lots of companies worldwide too!   and maybe a good time to crash the old system and start the new???  Wishful thinking maybe- but it’s a big day

Suggar:  do you really want to crash several at one time

Highhopes:  I heard its the fiat system to crash while the new asset backed is ready to go as soon as it does....hope so but who knows?   Just something to think about.

Read2now: Sorry to ask, but what is "triple witching"?

Highhopes:  Witching Hour: CNBC Explains  

What are witching hours?

Witching hours occur when financial contracts—specifically options and futures—end on the third Friday of a month.

The time periods—double, triple, quadruple—reflect the number of contracts that expire.
Traditionally, all contracts expire in the same hour—thus the name witching hour—usually the last hour of trading.


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