Macro Afternoon: 13 May, 2022

AUD/USD

 

EUR/USD

 

USD/JPY

 

Gold

 

 

Brent Crude

 

ASX 200

Comments

    • boomengineeringMEMBER

      TTP, ColinClient put 80-90 gear oil in oven worm drive which needed at least 460, but am looking up to see if 680 may be better as high temp Any thoughts TTP.
      Can’t seem to find any info on temp to viscosity recommendation charts. There was an old guy years ago who was a oil genius that you could ring but….., damm think to play it on hunch and go 680, have both in stock.

      • The Travelling PhantomMEMBER

        My thoughts that you’re right, and the manual book supports you , especially if it is for an oven.

        460 is recommended for moderate service applications where steam pressures will not exceed 150 psi and temperatures vary between 171°C to 204°C
        680 and 1000 are higher viscosity lubricants recommended for steam pressures up to 300 psi and temperatures from 218°C to 302°C

        • boomengineeringMEMBER

          Thanks, forgot to look at the thermometer, but roasting rotating oven is bound to have those high temps.
          BTW went today to check with the stethoscope that jaw coupling I attached to the gear stub replacing the solid coupling, 2 weeks ago. Engineer came down and extremely happy with the quite as a mouse machine.

          • The Travelling PhantomMEMBER

            Well done!! It’s quite satisfying when you do a good job and the client notice how well it’s executed

        • Absolute BeachMEMBER

          Impressed Mr Phantom. Some blokes here will hang sh_t but you are my guru in oil weight from now on. I have spent hours tracking down the correct weight for stuff in the past. Good to know I get value from my subscription.

    • Mining BoganMEMBER

      If it was a proper spy ship, would we really know it was there?

      Hey, does anyone ever mention the three Chinamen warships that turned up in Sh!tney Harbour without notice a few years ago? Seems that’s all flown under the radar.

    • Hmmm interesting part of Australia to be snooping around, lots of rumors about the capabilities of Exmouth / Learmonth and what exactly it’s role is. Lots of information slipped out as a result of the investigations when that Qantas flight almost crashed QF72 (Ionospheric sounding and Ionospheric heaters)
      https://en.wikipedia.org/wiki/Qantas_Flight_72
      There are also some undersea acoustic array capabilities talked about as having detected the crash of the Malaysian Airlines MH370 and they are also in the same general area, I believe.
      It would be interesting to know if the Chinese boat was towing any streamers

        • I’ve never thought about how one would go about cutting streamers.
          In the old days with liquid filled streamers there was always problems with sharks biting the streamer which sometimes caused the entire streamer to be lost because it all sank and blew each stage as it sank.
          I haven’t heard of anything like that happening with modern solid streamers.
          There’s no way a sub commander would want to get anywhere near a ship towing streamers, so it would need to be some sort of purpose built autonomous under water vessel made specifically to do this

  1. Goldstandard1MEMBER

    3rd- loved the Chinese whispers comment.

    On a serious note, it’s actually a massive move by China to make this very public move. It’s not even on the Solomon Islands side. I think the quoka’s on Rotnest island are about to sign a Chinese security deal……

    • Whats the rub about nations signing contracts aka treaties if its not with some Atlantic nation … not to mention all the colonialism hangovers thingy … and OK Teddy like looting …

  2. Hugh PavletichMEMBER

    Russia Ukraine conflict …

    How did Russia lose an ‘entire battalion’ crossing a Ukrainian bridge? | Ben Hodges … Times Radio

    https://www.youtube.com/watch?v=pI3aYCK_rfE

    “The Russians have not demonstrated very good operational security or concealing their movements.”

    After Russia loses an ‘entire battalion’ crossing a bridge in Ukraine, Ayesha Hazarika talks to retired US Army officer Ben Hodges about what might have happened. … view via hyperlink above …

    Ukraine 17th Tank Brigade Causes an Absolute Disaster to Russian Troops Crossing Seversky River …The Daily Unseen

    https://www.youtube.com/watch?v=9mFyAfOdjDs

    Putin’s latest battlefield humiliation: Ukraine thwarts Russian battalion’s river-crossing and destroys at least 58 vehicles inflicting heavy casualties as Donbas offensive stalls and Kyiv’s troops counter-attack … UK Daily Mail

    https://www.dailymail.co.uk/news/article-10808475/Ukraine-war-Russia-suffers-heavy-losses-failed-Donbas-river-crossing.html

    ‘No call for mobilization, escalation’ at Russian Victory Day parade says Ben Hodges DW News

    https://www.youtube.com/watch?v=XAo47t0Ae7M

  3. haroldusMEMBER

    Robocalls eh. Well they had to find something for the Robodebt robot to do. Let’s hope less electors kill themselves.

    https://www.abc.net.au/news/2022-05-13/aec-probes-nationals-robocall-targeting-nicholls-independent/101061124

    Anyway, to be serious for a second, for these muppets to have the gall to raise “Issues like the defence of our nation, like our relationship with China” on the day dutton announces a Chinese spy ship is hugging the northern coastline beggars belief.

    ffs.

  4. I wrote a bit today

    The market has got so bearish & so negative
    Everyone is banging the table the Stockmarket crash, crypto crash inflation etc

    From my experience it’s this sentiment & negative bearishness that puts in the bottom in the market

    You know they may all be right inc MB but I’d just be aware we could explode higher in everything

    That’s sharemarket, gold silver, AUD & even BTC with huge upside from here

    Anyone get the champagne ready just in case.

    • boomengineeringMEMBER

      You are always correct but always too early. Irrational market timing versus solvency. Oh and another, wealth goes from the impatient to the patient, (Warren B).

      • I think being too early to call something that must either go up or down, and will not only go either up or down, over time, is just being plain old wrong. Just ask the RBA. Timing is everything.

    • Evan Eveanton

      good to see you back.

      my feeling is slightly different – i think the general expectation is that the Fed will pivot again soon. i’ve even seen a few anon crypto bros on twitter thinking that the Fed will have to backstop the crypto market because of fear of contagion. sorry lads, they’re more than happy to see you guys burn.

      i think the confidence that equities will be backstopped is why we’re not seeing a real capitulation, just a slow grind so far.

      • The Travelling PhantomMEMBER

        Well written “the confidence that equities will be backstopped is why we’re not seeing a real capitulation, just a slow grind so far”

      • Nothing to do with crypto or the sharemarket.
        They care about the economy & it’s going off a cliff
        Fed will pivot
        They will be forced to ……..

          • Don’t assume stuff and if you believe that ad hoc mumbo jumbo don’t expect me to be impressed, quite the opposite IMO.

            Have you even done a proper due diligence on the guy e.g. basically a good sales man that cobbled together a bunch of biblical stuff and bad maths with astrology to beguile uniformed traders with soft minds and desire to make money in the markets – see boiler rooms and movie wolf of wall st.

            Some seem to forget the tide that lifts all boats with stuff like the Greenspan put et al, everyone thinks themselves a savvy investor till the whole thing goes Fat Tail or Black Swan and they all panic like in the GFC or now with crypto.

            Best thing is he never got wealthy or rich trading, basically a book sales man on par with all those UFO ancient mystery types with wild hair styles make a comfy life sucking peoples minds out.

    • Muttafukaburrasaurus.MEMBER

      I couldn’t imagine a FED rate hike or even stopping above the Feb 2020 levels bit below S&P 3400, as it is this is pretty gradual decline.
      But if the sell off gets worse and momentum is straight down (likely) the FED will have stock, ETF and corp bonds shopping list more specifically targeted than before.
      Resilient re-armament, global logistics and security are the BTFD theme.

  5. TRADINGtheAPOCALYPSE

    I reckon solid bounce around about here and then down to 3200 on the SPY woooot. Reload them shorts on crypto.. so many donating to the pot in that “space”

    • I’m an IT professional currently based in northern California. I have more than a decade of experience working with stuff like Python, PHP, HTML, JavaScript, and SQL, and I’m capable of administering most Windows and Unix-like operating systems. Lately I’ve been focused on cloud platforms (AWS, Azure) as well as DevOps, CI/CD, and IaC technologies like Git, Jenkins, Ansible, Puppet, Docker, Terraform, Packer, automated testing frameworks and the like.

      Basically a moron waffling on about stuff with out a clue

        • I actually worked in civil/industrial construction, as well, various administration jobs in C-Corps, whilst being plugged into the social/political networks that underpin the whole thing. So no, if your suggesting, I have any kindred with the author in the link. Firstly I did not have my head filled with machine code thinking it the savoir of humanity and did not start my working life in that Silicon valley-esque thought bubble. Then some think Tesla cars are so great yet were never fitted with proper distance measuring devices and rolled out like code to be de-bugged in the wild by those that bought them … chortle …

    • By pause for thought, you mean how someone can go from “surviving rapid past climate changes seen in paleoclimate records” to spouting on about “highest temperature on record and were doomed.” Do they not understand the “climate record” is only 200 years old. Worse than bible bashers claiming the earth is 5000 years old. God I hate confirmation bias and cognitive dissonance.

  6. Anywho ermo per your quires the other day … has you memory failed to remember that I don’t do ideology, nothing like pigeonholing your own mind for a good time of cogdis and why does the libertarian mind always try to infect other ideologies to twist their original meaning. Seems this group think is like a parasite that want to infect anything that might challenge its belief.

Leave a reply

You must be logged in to post a comment. Log in now