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  • #23,141
  • Aug 24, 2008 1:51pm Aug 24, 2008 1:51pm
moze sobie jakis polski watek otworzymy na forexfactory? ja gram eur/usd i gbp/usd

tygodnia samych sukcesow zycze
  • #23,142
  • Aug 24, 2008 1:53pm Aug 24, 2008 1:53pm
Quoting Jurrasic
You find articles in strange places.. and their credibility is accordingly.
That article was basically an historical account of gold and I don't think there is much to dispute.
  • #23,143
  • Edited 2:19pm Aug 24, 2008 2:02pm | Edited 2:19pm
http://www.gata.org/node/6519

Snippet:

My hunch is that not long after Clinton expressed this resentment of the bond market, Rubin told Clinton how the bond market could be deceived by rigging the gold market, and Clinton gave his approval.
While this scenario is admittedly speculation, the gold-carry trade, on which the gold price suppression scheme was based -- the lending of Western central bank gold reserves to investment houses at an only nominal interest rate, the investment houses' sale of those reserves, and their use of the proceeds to purchase government bonds for a risk-free income of 5 percent or so -- is a matter of public record. Even if it wasn't the intent, this had the effect of suppressing the gold price, supporting government bond prices, and lowering interest rates.
Further, a gold mining company executive, a longtime GATA supporter, who worked with Rubin at Goldman Sachs prior to Rubin's appointment as treasury secretary, witnessed Rubin's involvement in the gold carry trade at Goldman.
While the people who formed GATA sensed as early as 1998 that something was wrong technically in the gold market, it took us a couple of years to figure out that the culprits were not the visible players in the futures markets -- the New York investment banking houses -- but rather the Western central banks, and that the investment houses were just their agents, their cover. A British economist, Peter Warburton, may have been the first to put it together comprehensively, with his 2001 essay, "The Debasement of World Currency: It Is Inflation, But Not as We Know It," which you can find here:
http://www.gold-eagle.com/gold_diges...ton041801.html

This Snippet Is From April 2001:

However, since all debt is borrowed money, in order to write off a debt, it is necessary to destroy part of the money supply. It may be that the debt was structured as a bond issue rather than a bank loan; it doesn’t matter. The bondholders exchanged money balances for those bonds when they acquired them. If the bond is cancelled, this money is lost. Actual and impending losses give rise to a desire for additional liquidity in the financial system. Here, only money will do.
Central banks are engaged in a desperate battle on two fronts
What we see at present is a battle between the central banks and the collapse of the financial system fought on two fronts. On one front, the central banks preside over the creation of additional liquidity for the financial system in order to hold back the tide of debt defaults that would otherwise occur. On the other, they incite investment banks and other willing parties to bet against a rise in the prices of gold, oil, base metals, soft commodities or anything else that might be deemed an indicator of inherent value. Their objective is to deprive the independent observer of any reliable benchmark against which to measure the eroding value, not only of the US dollar, but of all fiat currencies. Equally, their actions seek to deny the investor the opportunity to hedge against the fragility of the financial system by switching into a freely traded market for non-financial assets.
It is important to recognize that the central banks have found the battle on the second front much easier to fight than the first. Last November, I estimated the size of the gross stock of global debt instruments at $90 trillion for mid-2000. How much capital would it take to control the combined gold, oil and commodity markets? Probably, no more than $200bn, using derivatives. Moreover, it is not necessary for the central banks to fight the battle themselves, although central bank gold sales and gold leasing have certainly contributed to the cause. Most of the world’s large investment banks have over-traded their capital so flagrantly that if the central banks were to lose the fight on the first front, then their stock would be worthless. Because their fate is intertwined with that of the central banks, investment banks are willing participants in the battle against rising gold, oil and commodity prices.
Central banks, and particularly the US Federal Reserve, are deploying their heavy artillery in the battle against a systemic collapse. This has been their primary concern for at least seven years. Their immediate objectives are to prevent the private sector bond market from closing its doors to new or refinancing borrowers and to forestall a technical break in the Dow Jones Industrials. Keeping the bond markets open is absolutely vital at a time when corporate profitability is on the ropes. Keeping the equity index on an even keel is essential to protect the wealth of the household sector and to maintain the expectation of future gains. For as long as these objectives can be achieved, the value of the US dollar can also be stabilized in relation to other currencies, despite the extraordinary imbalances in external trade.


IMPORTANT: This Article and Call by the Author was MADE 7 YEARS AGO...


Look At It Now .... It is happening right in front of our eyes ! Trillions of Dollars of losses and the exact thing predicted in 2001 is REAL and We SEE It !!!


Think about this post Fellow Forex Factory Members !!!


Ignorance is no longer a Luxury !!!


We See The Future and NOW We can deal with it and GET RICH...


We did not cause the MESS !!! Why Not Profit From The Knowledge We Now Have ...


Two Hours To The Start Of FX Trading ...


Good Trading All !!!



Bruce

{Promotion Removed}
  • #23,144
  • Aug 24, 2008 2:28pm Aug 24, 2008 2:28pm
Quote
moze sobie jakis polski watek otworzymy na forexfactory? ja gram eur/usd i gbp/usd

tygodnia samych sukcesow zycze

mozna by ale trzeba by bylo sie spytac chyba admina najpierw.

Eur/Usd looks bullish to me but that just me, will not enter untill I see better confirmation.
  • #23,145
  • Aug 24, 2008 2:43pm Aug 24, 2008 2:43pm
Quote

Look At It Now .... It is happening right in front of our eyes ! Trillions of Dollars of losses and the exact thing predicted in 2001 is REAL and We SEE It !!!


Think about this post Fellow Forex Factory Members !!!


Ignorance is no longer a Luxury !!!


We See The Future and NOW We can deal with it and GET RICH...


We did not cause the MESS !!! Why Not Profit From The Knowledge We Now Have ...


Two Hours To The Start Of FX Trading ...


Good Trading All !!!



Great article but can We really predict what is going to happen?

  • #23,146
  • Aug 24, 2008 3:00pm Aug 24, 2008 3:00pm
Quoting Warren Forex
http://www.gata.org/node/6519

Snippet:

My hunch is that not long after Clinton expressed this resentment of the bond market, Rubin told Clinton how the bond market could be deceived by rigging the gold market, and Clinton gave his approval.
While this scenario is admittedly speculation, the gold-carry trade, on which the gold price suppression scheme was based -- the lending of Western central bank gold reserves to investment houses at an only nominal interest rate, the investment houses' sale of those reserves, and their use of the proceeds to purchase government bonds for a risk-free income of 5 percent or so -- is a matter of public record. Even if it wasn't the intent, this had the effect of suppressing the gold price, supporting government bond prices, and lowering interest rates.
Further, a gold mining company executive, a longtime GATA supporter, who worked with Rubin at Goldman Sachs prior to Rubin's appointment as treasury secretary, witnessed Rubin's involvement in the gold carry trade at Goldman.
While the people who formed GATA sensed as early as 1998 that something was wrong technically in the gold market, it took us a couple of years to figure out that the culprits were not the visible players in the futures markets -- the New York investment banking houses -- but rather the Western central banks, and that the investment houses were just their agents, their cover. A British economist, Peter Warburton, may have been the first to put it together comprehensively, with his 2001 essay, "The Debasement of World Currency: It Is Inflation, But Not as We Know It," which you can find here:
http://www.gold-eagle.com/gold_diges...ton041801.html

This Snippet Is From April 2001:

However, since all debt is borrowed money, in order to write off a debt, it is necessary to destroy part of the money supply. It may be that the debt was structured as a bond issue rather than a bank loan; it doesn’t matter. The bondholders exchanged money balances for those bonds when they acquired them. If the bond is cancelled, this money is lost. Actual and impending losses give rise to a desire for additional liquidity in the financial system. Here, only money will do.
Central banks are engaged in a desperate battle on two fronts
What we see at present is a battle between the central banks and the collapse of the financial system fought on two fronts. On one front, the central banks preside over the creation of additional liquidity for the financial system in order to hold back the tide of debt defaults that would otherwise occur. On the other, they incite investment banks and other willing parties to bet against a rise in the prices of gold, oil, base metals, soft commodities or anything else that might be deemed an indicator of inherent value. Their objective is to deprive the independent observer of any reliable benchmark against which to measure the eroding value, not only of the US dollar, but of all fiat currencies. Equally, their actions seek to deny the investor the opportunity to hedge against the fragility of the financial system by switching into a freely traded market for non-financial assets.
It is important to recognize that the central banks have found the battle on the second front much easier to fight than the first. Last November, I estimated the size of the gross stock of global debt instruments at $90 trillion for mid-2000. How much capital would it take to control the combined gold, oil and commodity markets? Probably, no more than $200bn, using derivatives. Moreover, it is not necessary for the central banks to fight the battle themselves, although central bank gold sales and gold leasing have certainly contributed to the cause. Most of the world’s large investment banks have over-traded their capital so flagrantly that if the central banks were to lose the fight on the first front, then their stock would be worthless. Because their fate is intertwined with that of the central banks, investment banks are willing participants in the battle against rising gold, oil and commodity prices.
Central banks, and particularly the US Federal Reserve, are deploying their heavy artillery in the battle against a systemic collapse. This has been their primary concern for at least seven years. Their immediate objectives are to prevent the private sector bond market from closing its doors to new or refinancing borrowers and to forestall a technical break in the Dow Jones Industrials. Keeping the bond markets open is absolutely vital at a time when corporate profitability is on the ropes. Keeping the equity index on an even keel is essential to protect the wealth of the household sector and to maintain the expectation of future gains. For as long as these objectives can be achieved, the value of the US dollar can also be stabilized in relation to other currencies, despite the extraordinary imbalances in external trade.


IMPORTANT: This Article and Call by the Author was MADE 7 YEARS AGO...


Look At It Now .... It is happening right in front of our eyes ! Trillions of Dollars of losses and the exact thing predicted in 2001 is REAL and We SEE It !!!


Think about this post Fellow Forex Factory Members !!!


Ignorance is no longer a Luxury !!!


We See The Future and NOW We can deal with it and GET RICH...


We did not cause the MESS !!! Why Not Profit From The Knowledge We Now Have ...


Two Hours To The Start Of FX Trading ...


Good Trading All !!!



Bruce


Mastering the markets has a nice extract saying do not try and guess what the market is going to do. News is designed to mess with you and half the time if the market makers move the markets the news reporters have to make up some kind of story just to explain it. . The pros just react to the market and that is what we should do .... do not over think things as we tend to do.

If eurusd breaks 1.4760 ( Friday's lows ) she is short , if it breaks 1.48000 whole number it is a long (a safer entry would be 1.4830 , just above the 50 sma on the 60 min)... seems a little to simple I know.

I used to look at fundies all the time , but now ignore them as they make no sense

I mean in all honesty why is the carry trade not unwinding when there is mentioned of a cold war ? and gold not ripping up above 1000 as people move money to a safe haven

Not only that but if you look at the economy of the US you have to wonder why the dj is still above 10000 . The bottom of the housing market is not here and Freddie / Fannie / Lehman have yet to go bankrupt .. and the credit default swaps that are lurking in the back ground have only reared their ugly head once .... if issues with those things hit the market god help the bulls.

I have found , instead of clouding my trading , with news related fundamentals I will trade and react to what my charts and price action tell me

I have just started using a volume spread analysis software that calculates volume using up ticks versus down ticks. Using this you can see buying and selling climaxes , traps etc etc . I have been looking for something like this for a while as above all else volume is KING, volume will drive price action and price action will drive indicators.

I trade futures using simple open range breakout techniques with volume as my primary tool .

I have just started using it and have yet to master it , so will keep you all posted if it is any good.
Blogging daily now at www.volume.zone
  • #23,147
  • Aug 24, 2008 3:12pm Aug 24, 2008 3:12pm
e/u

H:.4783

L:.4765

Price now: .4773
  • #23,148
  • Aug 24, 2008 3:16pm Aug 24, 2008 3:16pm
Quoting malcolmb14
Mastering the markets has a nice extract saying do not try and guess what the market is going to do. News is designed to mess with you and half the time if the market makers move the markets the news reporters have to make up some kind of story just to explain it. . The pros just react to the market and that is what we should do .... do not over think things as we tend to do.

If eurusd breaks 1.4760 ( Friday's lows ) she is short , if it breaks 1.48000 whole number it is a long (a safer entry would be 1.4830 , just above the 50 sma on the 60 min)... seems a little to simple I know.

I used to look at fundies all the time , but now ignore them as they make no sense

I mean in all honesty why is the carry trade not unwinding when there is mentioned of a cold war ? and gold not ripping up above 1000 as people move money to a safe haven

Not only that but if you look at the economy of the US you have to wonder why the dj is still above 10000 . The bottom of the housing market is not here and Freddie / Fannie / Lehman have yet to go bankrupt .. and the credit default swaps that are lurking in the back ground have only reared their ugly head once .... if issues with those things hit the market god help the bulls.

I have found , instead of clouding my trading , with news related fundamentals I will trade and react to what my charts and price action tell me

I have just started using a volume spread analysis software that calculates volume using up ticks versus down ticks. Using this you can see buying and selling climaxes , traps etc etc . I have been looking for something like this for a while as above all else volume is KING, volume will drive price action and price action will drive indicators.

I trade futures using simple open range breakout techniques with volume as my primary tool .

I have just started using it and have yet to master it , so will keep you all posted if it is any good.

For myself I have a longer term view so I understand what is coming down the road. As for Volume that always has been my view and It Is VERY IMPORTANT to see what movements happen with Volume and which moves on low volume. I also use the charts to trade.

Have a Good Trading Day.... If as you said EUR/USD moves below 1.4750 it is heading down and above 1.4825 heading up. That is my sense without looking at any charts just yet.


Bruce
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  • #23,149
  • Aug 24, 2008 5:32pm Aug 24, 2008 5:32pm
First Update on EUR/USD ...


22:22 EUR/USD: Market Expecting Quiet Start To A Busy Week Sydney, August 25: The EUR/USD is opening in Asia around 1.4785 where it closed the US session on Friday. The EUR/USD fell hard during the US session when oil fell below 115 and longs taken on Thursday/early Friday were forced to cover. There is talk in Asia this morning of very good buying interest ahead of 1.4750 that is expected to discourage aggressive attempts lower. Traders are keeping one eye on the GBP/USD, as there is talk of large stops building below 1.8500 and a break below that level could see the USD attempt to move broadly higher. Hourly resistance is found around 1.4795 and a break above that level could see a drift towards 1.4820 at some stage.


The London holiday later today should keep the market fairly subdued ahead of some key US data this week. The USD rally over the last six weeks has been based on the realization by investors that the rest of the OECD is suffering from the same economic malaise that the US has suffered through for the last two years. The EUR/USD had a higher weekly close last week for the first time in six weeks suggesting that the USD momentum higher might be starting to wane. Analysts feel that for the USD to leg higher (EUR/USD move lower) it will need some positive US news rather than just negative news from the Euro-zone and other OECD economies. There is plenty of US housing data on tap this week starting with US Existing Home Sales later today. The EUR/USD trades 1.4785/90. [email protected]
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  • #23,150
  • Aug 24, 2008 5:34pm Aug 24, 2008 5:34pm
Welcome To Forex Factory !!!


Bruce
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  • #23,151
  • Aug 24, 2008 5:37pm Aug 24, 2008 5:37pm
Agree or Disagree ?

Date: 2008/08/22Time: 22:04 (GMT +2)Ticker: EURLast: 1.4775Pivot: 1.4851st sup.1.4742nd sup.1.46723rd sup.1.4631st res.1.4852nd res.1.4913rd res.1.496Title: EUR/USD intraday: The downside prevails.Summary: Update on supports and resistances.Story: Pivot: 1.485

Our preference: Short positions below 1.485 with targets @ 1.474 & 1.4672 in extension.

Alternative scenario: Above 1.485 look for further upside with 1.491 & 1.496 as targets.

Comments: Intraday technical indicators are losing upward momentum. A bearish acceleration is likely.
http://www.tradingcentral.com/chart/...0822160400.GIF
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  • #23,152
  • Aug 24, 2008 5:38pm Aug 24, 2008 5:38pm
Good Morning every budy


have a nice day full of pippps.
  • #23,153
  • Aug 24, 2008 5:40pm Aug 24, 2008 5:40pm
06:13 The Week Ahead: FX Market To Focus On State Of US Economy Sydney, August 24: Analysts say that the recent rise of the US dollar has been less due to a perception that the US economy and financial sector is on the mend, but more to do with evidence that OECD economies outside of the US are deteriorating as fast as or faster than the US economy. Last week was relatively uneventful data-wise for the US, but ongoing concern over the well-being of the US financial sector and a rebound in oil and other commodities on Thursday threatened to derail the recent trend higher in the USD. Once again it was evidence that other major economies were in strife that reignited the USD rally on Friday when UK GDP came in worse than expected at flat.

Some analysts feel that the market has finally factored in that the rest of the OECD is suffering from the same malaise that has infected the US economy over the past two years and the so-called "decoupling" strategies have been largely unwound. They feel that for the US dollar to power higher from here, there has to be some evidence that the ills that have plagued the US economy and pushed the USD to all time lows are dissipating. In other words the USD can not keep surging higher on the back of bad news coming from outside the US.


There is a lot of key US data to be released over the next two weeks and the market"s focus might shift back to the state of play in the US. The source of the global financial crisis is found in the US housing market and there is plenty of US housing data in store for next week. Monday and Tuesday sees the release of US existing and new homes sales. Also on tap for next week will be Consumer confidence, Case-Shiller House Price Index and FOMC Minutes on Tuesday, Durable Goods on Wednesday and GDP on Thursday. Analysts feel that if the data comes in better than expectations it could send the US dollar significantly higher while general disappointment in the data will help to rein in recent US dollar gains. [email protected]
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  • #23,154
  • Aug 24, 2008 5:44pm Aug 24, 2008 5:44pm
Warren Forex
Thank you ...


e/u seems 2 be falling now>>


what do uo think?
  • #23,155
  • Aug 24, 2008 5:46pm Aug 24, 2008 5:46pm
Quoting Warren Forex
Agree or Disagree ?

Date: 2008/08/22Time: 22:04 (GMT +2)Ticker: EURLast: 1.4775Pivot: 1.4851st sup.1.4742nd sup.1.46723rd sup.1.4631st res.1.4852nd res.1.4913rd res.1.496Title: EUR/USD intraday: The downside prevails.Summary: Update on supports and resistances.Story: Pivot: 1.485

Our preference: Short positions below 1.485 with targets @ 1.474 & 1.4672 in extension.

Alternative scenario: Above 1.485 look for further upside with 1.491 & 1.496 as targets.

Comments: Intraday technical indicators are losing upward momentum. A bearish acceleration is likely.
http://www.tradingcentral.com/chart/...0822160400.GIF

at best warren these guys are 50/50 on calls, thats why I stopped my subscription with them
Don't chase the market, Let the market come to you
  • #23,156
  • Aug 24, 2008 5:47pm Aug 24, 2008 5:47pm
Quoting nedal26
Warren Forex
Thank you ...


e/u seems 2 be falling now>>


what do uo think?
I think you have wayyy to thin a market to even think about trading, you do not have to always be in a trade and under these conditions it is best to sit and see
Don't chase the market, Let the market come to you
  • #23,157
  • Aug 24, 2008 5:51pm Aug 24, 2008 5:51pm
Quoting Tmac
I think you have wayyy to thin a market to even think about trading, you do not have to always be in a trade and under these conditions it is best to sit and see

that`s what i`am doing since 2hrs....
  • #23,158
  • Aug 24, 2008 5:52pm Aug 24, 2008 5:52pm
From WWW.JSMINESET.COM

Posted On: Sunday, August 24, 2008, 5:00:00 PM EST
http://www.jsmineset.com/spacer.gif
Jim's Mailbox
http://www.jsmineset.com/spacer.gif
Author: Jim Sinclair
http://www.jsmineset.com/spacer.gif



Dear Jim,
Another bank bites the dust.
Nine down, and when 9 more modest institutions go, the FDIC will have to scream bloody murder for public assistance.
Maybe Crapistan will buy it. That should rally equities 300 points in two hours before the US close.
Regards
Alex
Columbian Bank and Trust of Kansas Closed by U.S. Regulators
By Alison Vekshin and Ari Levy
Aug. 23 (Bloomberg) -- Columbian Bank and Trust Co. of Topeka, Kansas, was closed by U.S. regulators, the nation's ninth bank to collapse this year amid bad real-estate loans and writedowns stemming from a drop in home prices.
The bank, with $752 million in assets and $622 million in total deposits, was shuttered by the Kansas state bank commissioner's office and the Federal Deposit Insurance Corp., the FDIC said yesterday in a statement.
Citizens Bank and Trust will assume the failed bank's insured deposits. Columbian Bank's nine branches will open Aug. 25 as Citizens Bank and Trust offices, the FDIC said. Customers can access their accounts over the weekend by writing checks or using ATM or debit cards.
``There is no need for customers to change their banking relationship to retain their deposit insurance coverage,'' the FDIC said.
The pace of bank closings is accelerating as financial firms have reported more than $500 billion in writedowns and credit losses since 2007. The FDIC's ``problem'' bank list grew by 18 percent in the first quarter from the fourth, to 90 banks with combined assets of $26.3 billion.
More…
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  • #23,159
  • Aug 24, 2008 5:53pm Aug 24, 2008 5:53pm
Very choppy outlook for the week, and some good news coming out as well will create good volatility. The pair could test the top of support level *(now resistance) at around 1.5600-1.5700 in mid-term. Before it drops further.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.us.day.png Size: 21 KB
  • #23,160
  • Aug 24, 2008 6:05pm Aug 24, 2008 6:05pm
Quoting Warren Forex
For myself I have a longer term view so I understand what is coming down the road. As for Volume that always has been my view and It Is VERY IMPORTANT to see what movements happen with Volume and which moves on low volume. I also use the charts to trade.

Have a Good Trading Day.... If as you said EUR/USD moves below 1.4750 it is heading down and above 1.4825 heading up. That is my sense without looking at any charts just yet.


Bruce
I think EUR/Usd is going to heading up today,after friday looses from oil take profit.But we have to be carefull cause UK market close will make some weakness to GBP/USD.
Like we all seen the problem that Fed and Us Econ will face on for the next 4 weeks with Fennie and Fredie,Oil price will going up,inflation ect.
I wonder if the Fed maybe will/already Intervation the USD currencies to make stability.
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