"Hate the sin, love the sinner." - Gandhi
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #202,761
- Oct 12, 2009 3:52am Oct 12, 2009 3:52am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
- #202,764
- Oct 12, 2009 4:46am Oct 12, 2009 4:46am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
UJ will drop bro....patience...and it will drag GJ too.
http://www.forexfactory.com/showpost...stcount=172556
- #202,769
- Oct 12, 2009 6:58am Oct 12, 2009 6:58am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #202,771
- Oct 12, 2009 7:35am Oct 12, 2009 7:35am
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
OMG.....seems it not going anywhere........hope NY session would boost it a little....
- #202,773
- Oct 12, 2009 7:44am Oct 12, 2009 7:44am
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
GU went to 5730, triggered my additional short then bounced right back up! this is very irritating 
- #202,775
- Oct 12, 2009 7:50am Oct 12, 2009 7:50am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
UK treasuries is really weak at the moment, if it stays like this when closes. So, I'd see GY trade southbound .. 
GU went to 5730, triggered my additional short then bounced right back up! this is very irritating
- #202,777
- Oct 12, 2009 7:56am Oct 12, 2009 7:56am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Dangerous Consequence
Fed Rewarding High-Roller Gamblers,
While Punishing Prudent U.S. Savers!
by Martin D. Weiss, Ph.D.
Bernanke promises he'll keep official interest rates near zero indefinitely, vows to print as much paper money as needed, and leaves the distinct impression that he won't change course until hell freezes over.
In a nutshell, he isn't just following a traditional easy-money policy. He's pushing a free-money policy!
For the world's high-rolling speculators, this is like manna from heaven.
They borrow U.S. dollars on the cheap. And then they buy the highest yielding investments they can lay their hands on — including junk bonds and even old, discarded subprime mortgages.
But for millions of American households pinching pennies and trying to rebuild their ruined finances, it's a direct blow to the gut.
Indeed, American savers are finding that bank CD rates are ridiculously low. They're finding that rates on money market funds are equally bad.
And for those seeking the extra safety that only 3-month Treasury bills can provide, the punishment is the harshest of all:
The Fed's free-money policy has driven down the 3-month Treasury-bill rate from a monthly average of 5 percent in early 2007 to a meager 0.12 percent last month.
Worse, the Fed's policy has kept the 3-month T-bill rate under one percent for a full year, with the rate averaging less than a quarter percent during 10 of the last 12 months.
Bottom line: Right now, $1,000 invested in a 3-month Treasury bill yields a meager $1.20 in yearly interest. At that rate, just to match the 5 percent interest you could have earned on T-bills in early 2007, you'd have to leave your money sitting there for 42 years! And if you wanted to match the generous 16 percent interest available in 1981, you'd need to let it sit for 135 years.
U.S. savers are obviously getting shafted.
Fed Rewarding High-Roller Gamblers,
While Punishing Prudent U.S. Savers!
by Martin D. Weiss, Ph.D.
Bernanke promises he'll keep official interest rates near zero indefinitely, vows to print as much paper money as needed, and leaves the distinct impression that he won't change course until hell freezes over.
In a nutshell, he isn't just following a traditional easy-money policy. He's pushing a free-money policy!
For the world's high-rolling speculators, this is like manna from heaven.
They borrow U.S. dollars on the cheap. And then they buy the highest yielding investments they can lay their hands on — including junk bonds and even old, discarded subprime mortgages.
But for millions of American households pinching pennies and trying to rebuild their ruined finances, it's a direct blow to the gut.
Indeed, American savers are finding that bank CD rates are ridiculously low. They're finding that rates on money market funds are equally bad.
And for those seeking the extra safety that only 3-month Treasury bills can provide, the punishment is the harshest of all:
The Fed's free-money policy has driven down the 3-month Treasury-bill rate from a monthly average of 5 percent in early 2007 to a meager 0.12 percent last month.
Worse, the Fed's policy has kept the 3-month T-bill rate under one percent for a full year, with the rate averaging less than a quarter percent during 10 of the last 12 months.
Bottom line: Right now, $1,000 invested in a 3-month Treasury bill yields a meager $1.20 in yearly interest. At that rate, just to match the 5 percent interest you could have earned on T-bills in early 2007, you'd have to leave your money sitting there for 42 years! And if you wanted to match the generous 16 percent interest available in 1981, you'd need to let it sit for 135 years.
U.S. savers are obviously getting shafted.
UK treasuries is really weak at the moment, if it stays like this when closes. So, I'd see GY trade southbound ..
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- #202,778
- Oct 12, 2009 8:11am Oct 12, 2009 8:11am
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
- #202,780
- Oct 12, 2009 8:18am Oct 12, 2009 8:18am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
yes that is the Friday close, Im talking about NYSE open in 15 min.. I wasn't aware that they are open today.. Guess we'll see in 15min..
thanks..