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EURUSD

  • #151,261
  • Oct 12, 2009 2:43am Oct 12, 2009 2:43am
Quoting gatorinla
im loven it.. so far
Wish I had chosen some other day for medium term trading. I am stuck with my longer term trades and cannot play short term now.

Jay I am in your company now. One monthly and one weekly.
The Thief of Wall Street
  • #151,262
  • Oct 12, 2009 2:44am Oct 12, 2009 2:44am
Quoting Chicky
I think someone is selling gold. It is something to do with gold supply.
IMF?
Not all sins are created equal
  • #151,263
  • Oct 12, 2009 2:50am Oct 12, 2009 2:50am
Quoting Chicky
I think someone is selling gold. It is something to do with gold supply.
i dont know.. but zar has lots of long/long term support levels around here. and it just completed a hs from 2008...still early but thus far this month has a doji.. im waiting for big pullback to short it..
those who can, do. those who cant, talk about those who can
  • #151,264
  • Oct 12, 2009 2:50am Oct 12, 2009 2:50am
Quoting Jay Walker
IMF?
We heard about WB few days ago 10% of total holding. Probably about 15/18 billion USD (but not sure).

I am sorry, You were right.

sept 19, before G-7 meeting in Pittsburg.

The International Monetary Fund's executive board has approved the sale of gold, worth an estimated 13 billion dollars, from its reserves to boost lending to poor countries.
The Thief of Wall Street
  • #151,265
  • Oct 12, 2009 2:54am Oct 12, 2009 2:54am
Quoting Chicky
We heard about WB few days ago 10% of total holding. Probably about 15/18 billion USD (but not sure).
Beijing Put to the rescue. Not that I'd complain if it drops below 1000 as it will just give me an excuse to buy more.
Not all sins are created equal
  • #151,266
  • Oct 12, 2009 2:56am Oct 12, 2009 2:56am
i know this is some thing important can any one please read and explain me in short? i am so lazy to read all that crap


just tell me i shud buy or sell

http://www.fxstreet.com/fundamental/...009-10-12.html
  • #151,267
  • Oct 12, 2009 3:00am Oct 12, 2009 3:00am
Quoting Jay Walker
Beijing Put to the rescue. Not that I'd complain if it drops below 1000 as it will just give me an excuse to buy more.
I have rectified my earlier post. You were right about IMF. But I don't know from where I heard Chinese also selling few tons. Didn't make sense to me. I thought IMF sold because Chinese wanted to buy.
The Thief of Wall Street
  • #151,268
  • Oct 12, 2009 3:05am Oct 12, 2009 3:05am
Quoting Chicky
I have rectified my earlier post. You were right about IMF. But I don't know from where I heard Chinese also selling few tons. Didn't make sense to me. I thought IMF sold because Chinese wanted to buy.
profit taking is the most likely reason for selling gold. you can buy all the gold you like but you dont make a cent until you sell it
BTC Return This Year: na
  • #151,269
  • Oct 12, 2009 3:06am Oct 12, 2009 3:06am
Someone asked about market depth here some time ago.

Can't find the post but here's the answer;

how much does it take to move the market 1 pip...


this is why I love FX
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  • #151,270
  • Oct 12, 2009 3:06am Oct 12, 2009 3:06am
Quoting Chicky
I have rectified my earlier post. You were right about IMF. But I don't know from where I heard Chinese also selling few tons. Didn't make sense to me. I thought IMF sold because Chinese wanted to buy.
That's the first I hear about the Chinese selling gold. Where is that from?

And just as importantly, why would they? I can't make sense out of it either.
Not all sins are created equal
  • #151,271
  • Oct 12, 2009 3:07am Oct 12, 2009 3:07am
Quoting M.A.C.Doug
profit taking is the most likely reason for selling gold. you can buy all the gold you like but you dont make a cent until you sell it
There's a possibility.
Not all sins are created equal
  • #151,272
  • Oct 12, 2009 3:11am Oct 12, 2009 3:11am
Quoting Jay Walker
That's the first I hear about the Chinese selling gold. Where is that from?

And just as importantly, why would they? I can't make sense out of it either.
I don't remember, and I was as confused as you are.
The Thief of Wall Street
  • #151,273
  • Oct 12, 2009 3:14am Oct 12, 2009 3:14am
Gold sale plan - sales will be conducted in such a way that does not disrupt the sale of the precious metal in commodity markets. The sales will be made directly to central banks or sold on the markets over a longer period of time, the IMF said.
The Thief of Wall Street
  • #151,274
  • Oct 12, 2009 3:16am Oct 12, 2009 3:16am
someone is buying BIGTIME wander who it is ....
  • #151,275
  • Oct 12, 2009 3:17am Oct 12, 2009 3:17am
Quoting Chicky
Gold sale plan - sales will be conducted in such a way that does not disrupt the sale of the precious metal in commodity markets. The sales will be made directly to central banks or sold on the markets over a longer period of time, the IMF said.
The IMF is being full of it!

If the sales were to be conducted in such a way that it wouldn't disrupt the sales of the precious metal in the commodity markets, the fact that the IMF is selling would not have been leaked out to the mass media in the first place.
Not all sins are created equal
  • #151,276
  • Oct 12, 2009 3:18am Oct 12, 2009 3:18am
Quoting Jay Walker
The IMF is being full of it!

If the sales were to be conducted in such a way that it wouldn't disrupt the sales of the precious metal in the commodity markets, the fact that the IMF is selling would not have been leaked out to the mass media in the first place.
DC level
The Thief of Wall Street
  • #151,277
  • Oct 12, 2009 3:18am Oct 12, 2009 3:18am
The EFB is who is buying big time. As opposed to the IMF, the EFB doesn't go and blab to the news outlets about buying. They do it straight from the central banks.
Not all sins are created equal
  • #151,278
  • Oct 12, 2009 3:19am Oct 12, 2009 3:19am
its gonna fly once it breaks .20...
  • #151,279
  • Oct 12, 2009 3:22am Oct 12, 2009 3:22am
This final wave 5 push to new highs could the FINAL wave higher from the March 2009 lows...
  • #151,280
  • Oct 12, 2009 3:24am Oct 12, 2009 3:24am
I am now anticipating a deep drop across all markets against USD, and equities at these levels, though not a long term trend reversal
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