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  • Mario Draghi promised a bazooka but produces a pea-shooter

    From telegraph.co.uk

    Mario Draghi has promised to do whatever it takes to save the euro. Was the bond-buying initiative the European Central Bank president announced today enough? If, like me, you have come to see the single currency as completely unsustainable in its present form, both politically and economically, then plainly not. But, as with previous ECB initiatives, Mr Draghi has at least managed to buy a bit more time. The endgame has been pushed further, possibly quite a lot further, into the future. Without the conditional bond-buying programme agreed by the ECB governing council today, the show would certainly have been over by ... (full story)

  • #1
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  • Sep 6, 2012 11:47pm Sep 6, 2012 11:47pm
what does this mean? gold tracing back to the 1690 level?
  • #2
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  • Sep 6, 2012 11:52pm Sep 6, 2012 11:52pm
Yes, I agreed with you but the problem laid in the market. The market rally every time any thing come out of euro-zone crisis. Doesn't matter bad or good, the market act like suckers. So, the market is too blame, not him. He lies to buy time, he knew that is the only thing he could do. But the market act like a bunch of fools. Bankers give the market signal to rally. I don't care either way they play, I make money anyway. But the game is getting too stupid now. Doesn't require any talents or skill or research, any fool can trade this market.
  • #3
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  • Sep 6, 2012 11:57pm Sep 6, 2012 11:57pm
as always, another storm in a glass of water
  • #4
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  • Sep 6, 2012 11:58pm Sep 6, 2012 11:58pm
would this be a good price to buy gold at 1690? any views?
  • #5
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  • Sep 7, 2012 12:12am Sep 7, 2012 12:12am
there is a new commodity in the market that we fail to notice - Hot air. still there is this conditional thing and it is subject to negotiation. What else has he said that is new? I am confounded. What is secondary market? Who buys in the primary market?
  • #6
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  • Sep 7, 2012 12:19am Sep 7, 2012 12:19am
  •  Trader#CC9C
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Quoting longorshort
would this be a good price to buy gold at 1690? any views?
I don't know. What's your views? You probably should not buy anything if you looking for suggestions.
  • #7
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  • Sep 7, 2012 12:42am Sep 7, 2012 12:42am
The question is will higher Euro solves unemployment. If not mistaken, Drag Gone wants higher Euro. The market just responds to him.
  • #8
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  • Sep 7, 2012 1:25am Sep 7, 2012 1:25am
  •  Trader#CD9D
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The players in the market,bankers etc. have too much at stake and need to believe the optimistic euro .anything said by draghi is interpreted so that euro strengthens. How long will they be able to delay the inevitable correction ?
  • #9
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  • Sep 7, 2012 2:00am Sep 7, 2012 2:00am
All these things I know this stupid draghi will keep on saying blah blah but no action same thing again he says unlimited bond buying will be done but I am not sure that this will have a solution to the problem
Gain or Lose there is always a winner named Market!!!
  • #10
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  • Sep 7, 2012 2:03am Sep 7, 2012 2:03am
the point is not whether buying bonds will help or not. the point is whether he will do any buying of bonds at all.
  • #11
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  • Sep 7, 2012 5:51am Sep 7, 2012 5:51am
Quoting longorshort
the point is not whether buying bonds will help or not. the point is whether he will do any buying of bonds at all.
No, the point is what is he going to buy them with?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12
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  • Sep 7, 2012 6:06am Sep 7, 2012 6:06am
  •  Trader#8FFB
  • | Status: Unregistered Trader
gold correlation to stock market can be +ve or -ve. at this time it is -ve, as it has lost safe haven status. I would not buy or sell before NFP.
  • #13
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  • Sep 7, 2012 6:17am Sep 7, 2012 6:17am
Did most of you read the article at all? I don't see comments reflecting the material contained.
  • #14
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  • Sep 7, 2012 6:42am Sep 7, 2012 6:42am
Quoting Loadedgun
Did most of you read the article at all? I don't see comments reflecting the material contained.
Hi Loadedgun how are? yesterday Stocks Rallied a big Rally. DJ30 236 and S&P500 about 29 and these stocks are still going North, as usual Gold rallies with the stocks than why Gold could not sustain its rally of yesterday?
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