EURUSD | Page 7925 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #158,481
  • Nov 3, 2009 2:31pm Nov 3, 2009 2:31pm
Quoting TrendExpress
does anyone else than me waiting for 1.6350 ?
long term trader. hmmm. It will get there, but not this year is my guess
  • #158,482
  • Nov 3, 2009 2:34pm Nov 3, 2009 2:34pm
Quoting gatorinla
sure.. how do we get there?
dunno i see huge shadow on daily bar and i am thinking that tomorrow it will be filled
  • #158,483
  • Nov 3, 2009 2:34pm Nov 3, 2009 2:34pm
Quoting realjumper
This may be way off base, but this is what my simplistic mind thinks!

Let's suppose that it is indeed India and China buying up all this gold. Bear in mind the current price which is something like $1088. Why are they buying gold? Really it is a bit of a useless commodity if a country is going to horde shit loads of it. After all, what are they going to do with it? It's only worth what people are prepared to pay for it.

So, if China and India are buying up large, some of their purchases are at a very high price. Other countries (and I'm guessing...
Well, lots of people said the same, when prices where much lower than this, the fact is that prices have climbed anyways, and if US goes further down, more people will buy gold, and gold will go even higher.
Logic will get you from A to B. Imagination will take you everywhere.
  • #158,484
  • Nov 3, 2009 2:35pm Nov 3, 2009 2:35pm
Quoting realjumper
This may be way off base, but this is what my simplistic mind thinks!

Let's suppose that it is indeed India and China buying up all this gold. Bear in mind the current price which is something like $1088. Why are they buying gold? Really it is a bit of a useless commodity if a country is going to horde shit loads of it. After all, what are they going to do with it? It's only worth what people are prepared to pay for it.

So, if China and India are buying up large, some of their purchases are at a very high price. Other countries (and I'm guessing...
thx for that information interesting view
keep it up
good luck
  • #158,485
  • Nov 3, 2009 2:37pm Nov 3, 2009 2:37pm
Quoting Atlast
long term trader. hmmm. It will get there, but not this year is my guess
I thought he meant GBP.USD

JgrB
  • #158,486
  • Nov 3, 2009 2:38pm Nov 3, 2009 2:38pm
Quoting realjumper
This may be way off base, but this is what my simplistic mind thinks!
USA wants to increase it's debt by 9 billion over the next 10 years. Maybe it's a small hedge
  • #158,487
  • Nov 3, 2009 2:38pm Nov 3, 2009 2:38pm
Quoting egypt
thx for that information interesting view
keep it up
good luck
Also a 100$ Bill can value 0, if the currency is gone (not saying I believe its is going to happen) gold may be down in the future, but it is GOLD, not some printed paper that can be discarded.
Logic will get you from A to B. Imagination will take you everywhere.
  • #158,488
  • Nov 3, 2009 2:38pm Nov 3, 2009 2:38pm
Quoting TrendExpress
dunno i see huge shadow on daily bar and i am thinking that tomorrow it will be filled
chart shows where we have been. but 1.635 is a tall order. a lot of things has to happen before then.. what tf?
those who can, do. those who cant, talk about those who can
  • #158,489
  • Nov 3, 2009 2:41pm Nov 3, 2009 2:41pm
Quoting Masmp_FX
Well, lots of people said the same, when prices where much lower than this, the fact is that prices have climbed anyways, and if US goes further down, more people will buy gold, and gold will go even higher.
I'm sure you're correct, but, let's imagine that India and China end up with ALL the gold in the world......what's the point? What will they achieve by doing this? The world won't end up in a deep depression with China and India holding the aces, because the aces are worthless....and they are worthless because their 'worth' is only what people are prepared to pay for it.....and when there is no buyers, it's worth nothing at all.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #158,490
  • Nov 3, 2009 2:43pm Nov 3, 2009 2:43pm
Quoting realjumper
This may be way off base, but this is what my simplistic mind thinks!

Let's suppose that it is indeed India and China buying up all this gold. Bear in mind the current price which is something like $1088. Why are they buying gold? Really it is a bit of a useless commodity if a country is going to horde shit loads of it. After all, what are they going to do with it? It's only worth what people are prepared to pay for it.

So, if China and India are buying up large, some of their purchases are at a very high price. Other countries (and I'm guessing...
It's better to have a solid ounce of gold that an ounce of worthless paper money. That's the reason essentially. Here, you should find this good reading, much better than I could put it.
http://www.contrarianprofits.com/art...ing-gold/17353
  • #158,491
  • Nov 3, 2009 2:45pm Nov 3, 2009 2:45pm
Quoting gatorinla
chart shows where we have been. but 1.635 is a tall order. a lot of things has to happen before then.. what tf?
sorry bro , i was mention 1.4650 but made a mistake ... to many orders at these cross ... anyway there is huge shadow at daily bar on daily tf so think eur will fall , or usd get stronger
  • #158,492
  • Nov 3, 2009 2:45pm Nov 3, 2009 2:45pm
Im short from 1.47130
  • #158,493
  • Nov 3, 2009 2:47pm Nov 3, 2009 2:47pm
Quoting realjumper
I'm sure you're correct, but, let's imagine that India and China end up with ALL the gold in the world......what's the point? What will they achieve by doing this? The world won't end up in a deep depression with China and India holding the aces, because the aces are worthless....and they are worthless because their 'worth' is only what people are prepared to pay for it.....and when there is no buyers, it's worth nothing at all.
Its also true, prices are a thing that was invented by us,

but still gold is more safe than paper money.

Also we have invented money, but not GOLD
Logic will get you from A to B. Imagination will take you everywhere.
  • #158,494
  • Nov 3, 2009 2:50pm Nov 3, 2009 2:50pm
Quoting Atlast
It's better to have a solid ounce of gold that an ounce of worthless paper money. That's the reason essentially. Here, you should find this good reading, much better than I could put it.
http://www.contrarianprofits.com/art...ing-gold/17353
Yes I agree with you up to a point, but more valuable commodities in the real world is surely oil, water and food?

Thanks for the link.....I'll go grab a coffee and read this
Doing what you like is Freedom. Liking what you do is Happiness.
  • #158,495
  • Nov 3, 2009 2:51pm Nov 3, 2009 2:51pm
Quoting NoStops
USA wants to increase it's debt by 9 billion over the next 10 years. Maybe it's a small hedge
don't you mean trillions
  • #158,496
  • Nov 3, 2009 2:54pm Nov 3, 2009 2:54pm
Quoting realjumper
I'm sure you're correct, but, let's imagine that India and China end up with ALL the gold in the world......what's the point? What will they achieve by doing this? The world won't end up in a deep depression with China and India holding the aces, because the aces are worthless....and they are worthless because their 'worth' is only what people are prepared to pay for it.....and when there is no buyers, it's worth nothing at all.
your right unlike silver, gold has less and less industrail use its just for jewlrey.. it goes through cycles. but now you got billions of people in india and china. who never had acess to gold something that has had value since anceint times. and to many third worlds it shines more then paper. gold did have some industrial use in the past but now with silcone and black diamonds in the future thats gone. now its only worth what someone is willing to pay.. many third world people will pay a premium for it.. for weddings and other customs that gold has been used in. keeping up with the jones.. plus you got the u.s. thug market... other then that you cant eat it..
those who can, do. those who cant, talk about those who can
  • #158,497
  • Nov 3, 2009 2:55pm Nov 3, 2009 2:55pm
Quoting realjumper
Yes I agree with you up to a point, but more valuable commodities in the real world is surely oil, water and food?

Thanks for the link.....I'll go grab a coffee and read this
Well, aren't we trying to get rid of oil, to some more environmentally friend fuels?

To me Gold is much safer than Oil,

as for water and food, we cannot live without them, but for it to gain more value, it must be a bit more rare, and if sometime in the future we are going to get short of food or water, people wont give a shit to gold, we enter in survival mode.

And that is also predicted, in about 4 bilion Years, when the Sun goes to heaven
Logic will get you from A to B. Imagination will take you everywhere.
  • #158,498
  • Nov 3, 2009 2:56pm Nov 3, 2009 2:56pm
Quoting Atlast
don't you mean trillions
nope it was just a few billion in gold.. 9 i think
those who can, do. those who cant, talk about those who can
  • #158,499
  • Nov 3, 2009 2:56pm Nov 3, 2009 2:56pm
Quoting gatorinla
your right unlike silver, gold has less and less industrail use its just for jewlrey.. <snip> keeping up with the jones.. plus you got the u.s. thug market... other then that you cant eat it..
Exactly.....that's what I'm trying to get my head around!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #158,500
  • Nov 3, 2009 2:59pm Nov 3, 2009 2:59pm
Attached Image (click to enlarge)
Click to Enlarge Name: ausie.jpg Size: 180 KB
[IMG]file:///C:/DOCUME%7E1/LAJOSV%7E1.HOM/LOCALS%7E1/Temp/moz-screenshot.png[/IMG]
306 traders viewing now