TNT CC Cliff Notes - 3-11-15
T-GOOD NEWS, BETTER NEWS DC-GM EVERYBODY HOPE EVERYONE IS WELL.
DC- COULD GO IN MINUTES
DC- CBI ALL THE TESTING, PROGRESS, IRAQ GO AT A MOMENTS NOTICE
DC - IRAQ'S CURRENCY WILL HAVE HIGHER VALUE THAN EVER BEFORE..BOTTOM LINE, EVERYONE IS READY...CONTRACTS WAITING FOR THIS TO GO THRU..
DC-ALL KEY FIGURES RELATED TO RV ON EXPEDITED SECURITY
T - THEY ARE ALL DONE...WANT TO GO TO MOSQUE?
DC- MOSQUE BASICALLY SAID THIS IS IT. EVERYONE EXCITED
DC - MOSQUE SAID BE PREPARED FOR IT..THIS IS IT..GETTING EXCITED. MANY WONDERFUL THINGS SAID THIS AM IN MOSQUE AND EVERYONE EXCITED..GOING DOWN IN NEXT DAY OR TWO..
DC - EVERYONE AND THEIR MOM READY..IN USA...IN LOCK DOWN...MODIFIED THE PLAN AND PULLED IN A LITTLE MORE STAFF...BUT NOT AS BIG AS USED TO BE. MANY ON CALL..THEY ALL FEEL LIKE THIS IS IT. JUST WAITING ON IT.
DC - EVERYTHING ELSE IS JUST WAITING
T - WHEN YOU SAY REALLY CLOSE -
T - WHAT USED TO HAPPEN WHEN IT GOT CLOSE, THEY BROUGHT EVERYONE IN...THEY TWIDDLED THEIR THUMBS BECAUSE IT NEVER HAPPENED, THEN LOCK DOWN AND NEVER HAPPENED. THEN ON CALL UNTIL AFTER THE FACT...THIS MORNING WHAT DID THEY DO?
DC - DRAGGED EVERYBODY AND THEIR MOTHER IN - EVEN THOUGH THEY SAID THEY WOULD NOT DO ANYTHING UNTIL IT IS DONE
T - NUMBERS ARE OUT THERE...JUST WAITING ON TIME...IRAQ GETTING THEIR PEOPLE HYPED UP..I REALLY WANTED YOU TO READ THE TEXT
DC-YOU CAN READ IT
T - READING TEXT: SHOUTING FROM THE MOSQUE, ALLAH IS GOOD, CHANGE IS COMING, WINDS OF TIME MOVE SLOWLY, GATHER POSSESSIONS , FOLLOW YOUR FUTURE..BE THANKFUL TO ALLAH...SHOUTING FROM THE MOSQUES...
C - STILL GOING TO BE AFTER 4PM AND BEFORE 6AM?
DC - THEY STOPPED ALL THAT...THEY WANTED IT DONE SUNDAY NIGHT..THEY SCRAPPED THE MIDDLE OF THE NIGHT AND COULD HAPPEN AT ANY TIME NOW
Caller mentioning USD going way up...
DC -ITS NUTS - JUST NUTS!
C - WHAT SHOULD WE BE WATCHING? INDICATOR ? GOLD PRICE GOING CRAZY?
DC- IT IS HARD BECAUSE THE RULES ARE A BIT SUSPENDED STILL BECAUSE OF EXTRA LIQUIDITY
DC- IF YOU ARE JUST LOOKING FOR IT TO GO, IF YOU ARE LOOKING FOR ECONOMIC INDICATORS - KILLER EXPORTS, EURO JUST A MESS, EVERYTHING HAS HAD A -FRANKLY OUTSIDE OF NORMAL
DC - WITH IT MAX WHERE THEY GET AGGRESSIVE 3% OR LESS, FRANC WAS GOING TO SHOOT WAY UP, ADJUSTMENTS, THAT IS WHAT WE EXPECTED BUT THE US DOLLAR GOING CRAZY, WHAT IS THE DYNAMIC
DC - 1/2 % OVER A COUPLE MONTHS OR 3%....US DOLLAR WAS GOING TO WEAKEN, EURO STRENGTHEN..THAT'S WHAT WE EXPECTED, BUT WITH USD GOING CRAZY RIGHT NOW, THE WHOLE DYNAMIC CHANGED..MANY GUESSING. BUT BECAUSE OF THE BIZARRE MIXTURE WE DON'T KNOW WHAT IS GOING TO HAPPEN.
DC - THE EURO WAS $1.40 YEAR AGO...SWISS FRANC WAS DOWN AND NOW IT'S NUTS...BECAUSE THEY ARE HAVING A HARD TIME...CHINA'S GROWTH IS STILL SLOW, INDIA IS NICE, US IS THE BEST LOOKING...EVERYTHING IS OUT OF WHACK.
DC - FRANKLY THE REASON IS THAT EUROPE IS HAVING A HELLOVA TIME AND RUSSIA IS IN A FREE FALL - ADJUSTING - CHINA GROWTH IS SLOW, AFRICA IS SLOW
DC - WE ARE THE BEST LOOKING HORSE IN THE GLUE FACTORY
T - WHY IMPORTANT TO HAVE A WEAKER THAN STRONGER DOLLAR?
DC - WE WANT A STRONG DOLLAR, BUT WHAT HAS CONSISTENTLY HAPPENED IS A RACE TO THE BOTTOM ON A WEAKER DOLLAR
DC - IT HAS BEEN A RACE TO THE BOTTOM...WEAKER DOLLAR PROMOTES EXPORTS BECAUSE GOODS ARE CHEAPER...BECAUSE USD IS STRONG, NO ONE CAN AFFORD TO BUY OUR GOODS.
DC - EASIER TO EXPORT GOODS IF THEY ARE CHEAPER. NOW THE US DOLLAR IS STRONG AND THINGS ARE EXPENSIVE TO BUY.
DC - GOOD THING FOR USA FOR EVERYTHING TO GO DOWN..WE DON'T KNOW IF USD WILL GO DOWN OR NOT...MAY NOT BE MUCH AT ALL...
DC - THE ISSUES IS HOW MUCH IS IT GONNA GO DOWN BECAUSE OF WHAT EUROPE AND JAPAN ARE DOING.
C- IF I DON'T HEAR ANOTHER THING, CAN I BE SURE THAT YOU WILL PUT IT ON TWITTER?
T - WE WILL BE ABLE TO SEND OUT A TWEET AND A LAST CALL...IF NOTHING ELSE, A TWEET..WE WILL POST EVERYWHERE, IF WE CAN. PLUS THE OTHER GUYS WHO HAVE SITES WILL PUT IT OUT. YOU WILL GET IT. FULLY PLAN ON TWEET IF NOTHING ELSE, DAY AND TIME IS HERE
C - HOW ARE YOU? IS DONG STILL A $1 AT THIS POINT?
DC - YES MA'AM..MAYBE A LITTLE NORTH OF A $1.00
