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The Swamp

  • #87,941
  • Jul 14, 2021 5:38am Jul 14, 2021 5:38am
Quoting gatorinla
{quote} chicken,
I booked before US news...its ok..i still have ea Eur longs avg 1882..missed TP by a few pips last two run up.. maybe this time,,,
  • #87,942
  • Jul 14, 2021 5:39am Jul 14, 2021 5:39am
Quoting gatorinla
{quote} Start from the summer of 1971 (gold standard). Maybe a little earlier. People since then have built wealth by systematically stealing from the older generations. I'm not saying all has been bad. The economy grew on borrowed money. But it has allowed us to pay forward wars etc. Most people feel entitled now to buy a home with no sacrifice to save for it. Little by little savers were forced to see their savings interest cut to near 0. This forced savers to place money in more risky assets. Like equity markets. At 1 time with little inflation....

where I live (post Soviet country), annual inflation is 8-10% for the last 25 years. It is strange to see people from old countries with annual inflation of 2-3% tell that they are raped. even with 3% annual inflation in 25 years you will lose only half of you money value. does that hurt so bad?
  • #87,943
  • Jul 14, 2021 5:49am Jul 14, 2021 5:49am
they are live streaming monitary policy and state of economy for anyone interested... says live in 3 hours

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  • #87,944
  • Jul 14, 2021 6:00am Jul 14, 2021 6:00am
Quoting codyt.b
they are live streaming monitary policy and state of economy for anyone interested... says live in 3 hours https://youtu.be/gj9ygZHNemY {image}
So it's a virtual and not a face to face Hearing...vacation every where...
I am who I am
  • #87,945
  • Jul 14, 2021 6:09am Jul 14, 2021 6:09am
Eur datapoints atm.. bulls may on its way to H4..
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  • #87,946
  • Jul 14, 2021 6:16am Jul 14, 2021 6:16am
Quoting Boulder
Eur datapoints atm.. bulls may on its way to H4.. {image}
how is this read?
  • #87,947
  • Jul 14, 2021 6:20am Jul 14, 2021 6:20am
Quoting genadi
{quote} where I live (post Soviet country), annual inflation is 8-10% for the last 25 years. It is strange to see people from old countries with annual inflation of 2-3% tell that they are raped. even with 3% annual inflation in 25 years you will lose only half of you money value. does that hurt so bad?
its more than that 2-3% to the saver. You have to also use the old appreciation rate. The saver has lost. I dont have a standard average.. Lets say 6% to 21%. Average closer to 8%. That's a net loss of -(+-8/10%.) if inflation is included. My point is savers were forced to take stable assets, and place them in risky ones. That is what funded the last 50 years of the Mcmasion economy. I'm sure other places are less fortunate, as you are. But that no reason for you to like it. Higher inflation helps those with assets, and hurts the ones with less assets. If you live where inflation is high.. You should own stuff to increase your wealth. A bank account is losing value.
those who can, do. those who cant, talk about those who can
  • #87,948
  • Jul 14, 2021 6:37am Jul 14, 2021 6:37am
Gator would you please share your Gold chart and numbers?
Trade to enjoy... Money is after!
  • #87,949
  • Jul 14, 2021 6:38am Jul 14, 2021 6:38am
Quoting BluesUntukAk
Sissy can share gold trend. Thank you.
Just saw your post... gold is bullish.. testing day downtrend stop 1817 ..in case bears can't hold at NY close.. hold off shorting gold.. gold 1825 atm
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  • #87,950
  • Jul 14, 2021 6:44am Jul 14, 2021 6:44am
Quoting saninvestor
Gator would you please share your Gold chart and numbers?

all looks bullish, but after 1838.xx things may sour. You have to beware of it. Its a normal retrace. The trend is bullish,, So see its reaction after.
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those who can, do. those who cant, talk about those who can
  • #87,951
  • Jul 14, 2021 6:51am Jul 14, 2021 6:51am
BoC Interest Rate Decision in 10 min...good volatility expected on all pairs...

BoC Press Conference in 1h 15min...
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I am who I am
  • #87,952
  • Jul 14, 2021 7:00am Jul 14, 2021 7:00am
Quoting gatorinla
{quote} its more than that 2-3% to the saver. You have to also use the old appreciation rate. The saver has lost. I dont have a standard average.. Lets say 6% to 21%. Average closer to 8%. That's a net loss of -(+-8/10%.) if inflation is included. My point is savers were forced to take stable assets, and place them in risky ones. That is what funded the last 50 years of the Mcmasion economy. I'm sure other places are less fortunate, as you are. But that no reason for you to like it. Higher inflation helps those with assets, and hurts the ones with...
but if you put all your cash money in forex and make 5% a year, you will be richer, right?
  • #87,953
  • Jul 14, 2021 7:06am Jul 14, 2021 7:06am
missed a good 75+ pip jump on the cad.. some R 2515/25
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those who can, do. those who cant, talk about those who can
  • #87,954
  • Jul 14, 2021 7:56am Jul 14, 2021 7:56am
Quoting saninvestor
Gator would you please share your Gold chart and numbers?
I had to update some. I lowered the normal retrace.
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those who can, do. those who cant, talk about those who can
  • #87,955
  • Jul 14, 2021 7:58am Jul 14, 2021 7:58am
Quoting gatorinla
{quote} all looks bullish, but after 1838.xx things may sour. You have to beware of it. Its a normal retrace. The trend is bullish,, So see its reaction after. {image}{image}
updated level normal is lowered to 1833.63
Q4 2020 R at 1833.70. .07$ above.
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those who can, do. those who cant, talk about those who can
  • #87,956
  • Jul 14, 2021 8:09am Jul 14, 2021 8:09am
Quoting genadi
{quote} but if you put all your cash money in forex and make 5% a year, you will be richer, right?
before/during asset deflation, you want to have cash. To buy, the better price. Then hope for inflation.
those who can, do. those who cant, talk about those who can
  • #87,957
  • Jul 14, 2021 8:18am Jul 14, 2021 8:18am
Quoting Boulder
{quote} Just saw your post... gold is bullish.. testing day downtrend stop 1817 ..in case bears can't hold at NY close.. hold off shorting gold.. gold 1825 atm {image}
Thanks sissy
Newbie here
  • #87,958
  • Jul 14, 2021 8:19am Jul 14, 2021 8:19am
Quoting gatorinla
{quote} updated level normal is lowered to 1833.63 Q4 2020 R at 1833.70. .07$ above. {image}
Thanks gator
Newbie here
  • #87,959
  • Jul 14, 2021 8:21am Jul 14, 2021 8:21am
Quoting BluesUntukAk
{quote} Thanks sissy
A strong usd, may place gold at 1453.
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those who can, do. those who cant, talk about those who can
  • #87,960
  • Jul 14, 2021 8:29am Jul 14, 2021 8:29am
Quoting gatorinla
{quote} A strong usd, may place gold at 1453. {image}
Love to see the target
Newbie here
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