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Dislikedwhat is your top level on wedge mate? 1.3310 ?Ignored
DislikedYou are absolutely correct Tianle.. but I have confidence that the defenders of the 1.33 no-touch barrier are well armed and determined to defend the line. So even though today is bullish, once the market figures out they are not getting past the barrier, they will take price down to 1.31 to test that barrier.
You can call it a gamble if you wish but in my books I am choosing the bulldog over the poodle to defend my interests.
Besides, which economy do you have more confidence in right now? The US or the EZ?
From a technical perspective, the...Ignored
DislikedThanks for your explanation, I missed the entry at 1.34 so I'm not as optimistic as you.. I also have a short with no clear tp target at this point with a stop above 1.33,(currently underwater so.. hopefully you are right).Ignored
DislikedSo today is/was the Happy New year in Bengaluru, 'Happy Tamil New Year' .. to all my South Indian brothers here! Hope you all have enjoyed the fire crackers in the E/U chart today ... Happy weekend and all the best to all !Ignored
Inflation – Before and After the Federal Reserve
In a lecture the other day, Federal Reserve Chairman Ben Bernanke made the mistake of talking about inflation during his critique of the gold standard, going so far as to say that when the barbarous relic was used as the foundation of our monetary system “over the medium run, it sometimes caused periods of inflation and deflation"
DislikedSame to you Rekon. Enjoy your weekend.Ignored
DislikedHi PT, I am reading a book "WHAT HAS GOVERNMENT DONE TO OUR MONEY?" by MURRAY N. ROTHBARD, can you please explain the bold phrase about Gold. Thanks.
Because gold is a general medium, it is most marketable, it can be stored to serve as a medium in the future as well as the present, and all prices are expressed in its terms.
Gold mining is, of course, no more profitable than any other business; in the long-run, its rate of return will be equal to the net rate of return in any other industry.Ignored
DislikedThe key words here are "Gold Mining". Gold mining is the activity of gold mining companies, and not the actual bullion. So when they say it is no more profitable in the long term than any other business, they are not saying that owning the actual gold bullion is no more profitable. They are two different things.
Gold bullion appreciates in value over time at a higher rate of return than stocks in a gold mining company. That is what I believe is the gist of the statement.Ignored
DislikedThe lavender supply zone is also the 61.8 fibo retrace of the big move down and has held well. One two weeks ago and twice this week, although yesterday pierced it a bit but was quickly rejected (defended by those with interest in the no-touch barrier option at 1.33)
The blue supply zone above it is the 78.6% fibo area but to reach there, the market would have to completely burn through the barrier option. Although possible, it is unlikely to do it with ease. I guess it will all depend on market sentiment next week. If it does manage to get here,...Ignored
Is the financial crisis over, or are we heading towards disaster? End of The Road portrays eleven influential commentators within the finance and investment communities, as they share their knowledge of our current financial structure. Through each of their narratives, a story is built which chronicles the current economic dilemma and paints a picture of the world’s financial future.Ignored
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