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The Swamp

  • #105,301
  • Nov 1, 2022 10:15am Nov 1, 2022 10:15am
Quoting gatorinla
{quote} The box was hit the first time. Now its time to fight for the scraps. It may not get back to 1.1599 GBP
GBP A nice start.
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those who can, do. those who cant, talk about those who can
  • #105,302
  • Nov 1, 2022 10:23am Nov 1, 2022 10:23am
Quoting gatorinla
{quote} pending gold algo hit. Russia is stopping Ukraine grain exports again. That and the Mississippi river drought will weigh on grain prices. 1652.x may be a R soon. {image}
Gold. I got on first.

If you want to see a good movie about trading Forex. This is a good one. "get on first"
Inserted Video
those who can, do. those who cant, talk about those who can
  • #105,303
  • Nov 1, 2022 10:39am Nov 1, 2022 10:39am
Quoting gatorinla
{quote} add .9866/67, If it cant make .9862. Since it hit the algo. It may bounce here, with the 39 pips of slip (.9899-39). This area .9860/67 has some support. Strength unknown. It hasn't hit it yet.. low atm .9872 {image}
another day. it takes lemons to make lemonade.
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those who can, do. those who cant, talk about those who can
  • #105,304
  • Nov 1, 2022 11:12am Nov 1, 2022 11:12am
gold week average range could yield 1603.84 this week. That would give me a stiffy.
those who can, do. those who cant, talk about those who can
  • #105,305
  • Nov 1, 2022 11:34am Nov 1, 2022 11:34am
Another good opportunity to short on the bounce
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  • #105,306
  • Edited 12:05pm Nov 1, 2022 11:55am | Edited 12:05pm
Quoting Boulder
Eur.. {image}
gold 1606 should give you a stiffy. 1604.50 should give your brother 3 stiffies. It would be within week average range.

there is some chance for 1690.x But with all the food inflation, I have to go with a fall. The food inflation will leave less money. For unwealthy/middle class Asians to buy ceremonial gold. It also may force them to sell the gold that has been collected the last 40 years. They will need more money to buy higher priced food. That could send gold on a tailspin. Colleterial damage over Russia invading Ukraine. More people will starve.
those who can, do. those who cant, talk about those who can
  • #105,307
  • Nov 1, 2022 12:10pm Nov 1, 2022 12:10pm
Quoting Boulder
Another good opportunity to short on the bounce {image}
Eur.. watch day stops tomorrow in case Powell is bullish.. but I seldom won bets on him before.. . I may stay out of market tomorrow...
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  • #105,308
  • Nov 1, 2022 12:12pm Nov 1, 2022 12:12pm
Quoting gatorinla
{quote} gold 1606 should give you a stiffy. 1604.50 should give your brother 3 stiffies. It would be within week average range. there is some chance for 1690.x But with all the food inflation, I have to go with a fall. The food inflation will leave less money. For unwealthy/middle class Asians to buy ceremonial gold. It also may force them to sell the gold that has been collected the last 40 years. They will need more money to buy higher priced food. That could send gold on a tailspin. Colleterial damage over Russia invading Ukraine. More people...
Gold atm..
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  • #105,309
  • Nov 1, 2022 12:14pm Nov 1, 2022 12:14pm
Quoting gatorinla
{quote} gold 1606 should give you a stiffy. 1604.50 should give your brother 3 stiffies. It would be within week average range. there is some chance for 1690.x But with all the food inflation, I have to go with a fall. The food inflation will leave less money. For unwealthy/middle class Asians to buy ceremonial gold. It also may force them to sell the gold that has been collected the last 40 years. They will need more money to buy higher priced food. That could send gold on a tailspin. Colleterial damage over Russia invading Ukraine. More people...
1557.07/slip has a decent chance to bounce.. The slip can be 100$. 1451 ish. Once 1557. is reached. It may spring back hard.. After that bounce. (look for a ago to pullback, if outlook is still dim.). 1366/slip may be next bounce area. Beyond that maybe 1032.x/slip. Lots of others . i mentioned the 3 larger ones.
those who can, do. those who cant, talk about those who can
  • #105,310
  • Nov 1, 2022 12:26pm Nov 1, 2022 12:26pm
Quoting Boulder
{quote} Gold atm.. {image}
The rise in the usd via energy, and rate rase. Colleterial damage is higher priced commodities for the world. Russia invading Ukraine (stopping grain shipments), Lower Mississippi levels slow barge traffic. Increasing shipping cost 300%, Flooding in some Asian farm delta. Drought in China farm lands. Its a perfect storm for higher food cost. Gold will suffer more. The climate wont stop its decline soon. Too many people with decreasing food available. Gold at 1000. Is not so crazy.

Higher prices for non discretionary staples. Leaves less money to buy discretionary things. Life 101 food shelter and clothing. The rest is discretionary. The less you have, the poorer the food, shelter and clothing you have.
those who can, do. those who cant, talk about those who can
  • #105,311
  • Nov 1, 2022 12:47pm Nov 1, 2022 12:47pm
European outlook.. The Southern areas that need less heat in winter, will do better, The regions that grow food will do better, with higher food prices. That would mean higher animal, egg prices. (all animals, feed cost more). Poultry hot houses needing heat too, may be very expensive. Not a good outlook for inflation in Europe/ Asia./ Africa or world this/next year.
Buy gold? Will it double in price in 6 months? I dont think so. but wheat etc might. Or at least once it reaches the mouth of the Mississippi. When the river is full of stuck barges in the river, and the silos are full. The wheat in the field may be worth nothing. The barges of stuck wheat cost the renter of the barge each day. The tugs pushing them charge each day. The wheat in the barges may be worthless too. If it cant reach a market.
those who can, do. those who cant, talk about those who can
  • #105,312
  • Nov 1, 2022 2:42pm Nov 1, 2022 2:42pm
“More than a third of small businesses couldn’t pay all of their rent in October”

link: https://www.washingtonpost.com/busin...ee7_story.html

This is a warning sign. These kinds of sparks often will turn into fires, and then we’ll not be hearing about how strong the economy is. Truly, this will be worldwide. JP Morgan may be asking for a bailout soon if it’s book of paper turns into a pile of bricks.
  • #105,313
  • Nov 1, 2022 3:01pm Nov 1, 2022 3:01pm
Tomorrow option expires..Eur 0.9879atm...

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  • #105,314
  • Edited 3:41pm Nov 1, 2022 3:28pm | Edited 3:41pm
Quoting Boulder
Tomorrow option expires..Eur 0.9879atm... {image}
if I was a betting man. 9800 would be my bet. .9777 looks open. It never did reach .9601 that minor algo is untouched. More likely inflation will help usd. This is a perfect storm. Its hard to get back to 1.0349. It may not be this time. Tonight or tomorrow I will have a better grasp. A good bit of this is Ukraine inflation related. It only amplified inflation. The climate is doing as was predicted. Its making feeding the world harder. Mother nature is about to shake the fleas off her back. Sadly many will be in bad shape. Some a lot Covid related inflation ligers.
those who can, do. those who cant, talk about those who can
  • #105,315
  • Nov 1, 2022 3:43pm Nov 1, 2022 3:43pm
Quoting mmccormac
“More than a third of small businesses couldn’t pay all of their rent in October” link: https://www.washingtonpost.com/busin...ee7_story.html This is a warning sign. These kinds of sparks often will turn into fires, and then we’ll not be hearing about how strong the economy is. Truly, this will be worldwide. JP Morgan may be asking for a bailout soon if it’s book of paper turns into a pile of bricks....
I'm not too old to remember making money at a 10% interest rate. This will show who are the good businessman.
those who can, do. those who cant, talk about those who can
  • #105,316
  • Nov 1, 2022 7:55pm Nov 1, 2022 7:55pm
.9893 PP
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those who can, do. those who cant, talk about those who can
  • #105,317
  • Nov 1, 2022 8:35pm Nov 1, 2022 8:35pm
I dont like gold being above 1647.75. PP in blue. If I'm correct pa should stay below 1647.75. I dont want 1647.75 acting as support
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those who can, do. those who cant, talk about those who can
  • #105,318
  • Nov 1, 2022 8:43pm Nov 1, 2022 8:43pm
the usd 5 min is on the weak side of 111.395
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those who can, do. those who cant, talk about those who can
  • #105,319
  • Nov 1, 2022 8:46pm Nov 1, 2022 8:46pm
Quoting gatorinla
{quote} I'm not too old to remember making money at a 10% interest rate. This will show who are the good businessman.
gold 1651.8 has a algo. 1651/slip may reject/drop after.
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those who can, do. those who cant, talk about those who can
  • #105,320
  • Nov 1, 2022 8:49pm Nov 1, 2022 8:49pm
All those above levels are showing a weaker usd. If pa returns on the other side. That's not a weak usd indication.
those who can, do. those who cant, talk about those who can
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