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  • #203,861
  • Feb 28, 2010 11:51am Feb 28, 2010 11:51am
Quoting SkyzerFX

China May Buy More Gold; $1,100 An Ounce Appears To Be Support Level

http://blogs.forbes.com/streettalk/2...support-level/

"China, with $2.2 trillion in foreign exchange reserves, the most of any nation, is known to be anxious about the value of its dollar-denominated securities, such as Treasury notes and bonds. In recent weeks, China has sold US securities, making Japan the largest sovereign lender to the U.S."
"
In todays world nobody thrusts old authorities like central banks and currency. They're over and undervalued every other day, that's why people choose to invest in diamonds, gold, brent, steel, sugar etc. Cause they're commodities, they're not artificial resources as money, they are the real resources.

Anyway , i don't think in the current moment big players invest in them , cause the Fed is withdrawing trilions of dollars out and what does this mean? Less dollars, MORE VALUE. Althought people quote tons of bad news about USA, it's the preffered investment in the moment. In the near future the dollar will be destroyed though... maybe american union currency will be proposed.
''That's all it takes really - pressure and time''
  • #203,862
  • Feb 28, 2010 11:52am Feb 28, 2010 11:52am
Quoting TheLastCoke
IMHO It is not a crab yet. You got the B point right (38.2) but the the CD leg doesn't have the right high. CD leg should be 161.8 of XA. Note that the CD leg has the right high for a butterefly but then the B point doesn't have the right one (78.6). So the only choice left it is a bearish crab when CD leg reaches 161.8 of XA.

Look at your own picture.

CD Hasn't Completed Yet !

* Forex Tradress *
  • #203,863
  • Feb 28, 2010 11:55am Feb 28, 2010 11:55am
Quoting Patience
I think contacting him is a good idea.

And Clouds, the big boys don't always win

http://business.timesonline.co.uk/to...icle387579.ece
Soros is in a different league than Warren Buffet, IMO. He has a publicly traded company, and would never want to bet against the stock market. He bought the railroad, I can only guess how that's going to turn out. He's more of a life-time investor. I've read a lot of Soros books, and he seems to follow the market, while Warren only bets one way. Warren doesn't have much experience with currencies like Soros.
  • #203,864
  • Feb 28, 2010 12:08pm Feb 28, 2010 12:08pm
Why do people always think of Soros like of a great manipulator. Yeah, he is smart, he has expirience, and he is rich. But how rich? 12-13B$. Is this any good in todays markets? Why don't you chat for Goldman Sachs, how deeper their pockets are ? The biggest investment bank, now, this is what i call a manipulator, A FACTOR.
''That's all it takes really - pressure and time''
  • #203,865
  • Feb 28, 2010 12:17pm Feb 28, 2010 12:17pm
no one that I know has more connections and is listen to even more than Warren Buffet.
Take a look at this , we are talking 17 years ago..

http://www.nytimes.com/1993/06/10/bu...l?pagewanted=1
Dean


Quoting nqmoto
Why do people always think of Soros like of a great manipulator. Yeah, he is smart, he has expirience, and he is rich. But how rich? 12-13B$. Is this any good in todays markets? Why don't you chat for Goldman Sachs, how deeper their pockets are ? The biggest investment bank, now, this is what i call a manipulator, A FACTOR.
  • #203,866
  • Feb 28, 2010 1:00pm Feb 28, 2010 1:00pm
You guys may already know this. Just posting as an FYI

http://market-ticker.org/archives/20...al-Relief.html

Bombshell In AIG 10Q: "Capital Relief" Now that I've had to time to read the entire AIG 10Q there's a nasty ditty in here that in my opinion goes materially beyond the "going concern" language. It's here:

A deterioration in the credit markets may cause AIG to recognize unrealized market valuation losses in AIGFP's regulatory capital super senior credit default swap portfolio in future periods which could have a material adverse effect on AIG's consolidated financial condition or consolidated results of operations. Moreover, depending on how the extension of the Basel I capital floors is implemented, the period of time that AIGFP remains at risk for such deterioration could be significantly longer than anticipated by AIGFP.
A total of $150.0 billion in net notional amount of the super senior credit default swap (CDS) portfolio of AIGFP as of December 31, 2009, represented derivatives written for financial institutions, principally in Europe, which AIG understands to have been originally written primarily for the purpose of providing regulatory capital relief rather than for arbitrage purposes. The net fair value of the net derivative asset for these CDS transactions was $116 million at December 31, 2009.

So AIG "understands" that $150 billion of credit-default swaps were written by AIGFP to European Institutions (no note by the way as to exactly what's in there - or who owns them) for the explicit purpose of getting around capital requirements - either by banking regulators or (possibly worse) EU sovereign regulations.
When did they come to "understand" this? Did they write these swaps originally knowing that their essential purpose was to evade capital requirements, or was this a "recent" revelation of some sort?
Indeed, the section goes on to say:

In addition, although AIGFP receives periodic reports on the underlying asset pools, virtually all of the regulatory capital CDS transactions contain confidentiality restrictions that preclude AIGFP's public disclosure of information relating to the underlying referenced assets.

Isn't that nice? So AIG insists that we trust them, and in addition, that everyone else trust them, as to the precise composition of these "assets", their performance, and who is on the other side of the transaction.
Oh, it gets better. The weighted average maturity of these transactions is 1.35 years, we can't tell what's left in there, and we also can't know who's on the other side of the transaction, but what we are told is that the essential financial purpose of these transactions was to evade regulatory capital requirements.
Net notional? Oh, that's nice. Since the claimed underlying "net derivative asset" is essentially nil against this "notional", one wonders what the real risk is on the table here in terms of the firm. Seeing as it's in the "risks" section of the 10Q, it has to be material to results, right?
Why do I smell sulfur?
  • #203,867
  • Feb 28, 2010 1:03pm Feb 28, 2010 1:03pm
Quoting dean walker
no one that I know has more connections and is listen to even more than Warren Buffet.
Take a look at this , we are talking 17 years ago..

http://www.nytimes.com/1993/06/10/bu...l?pagewanted=1
Dean
Do you consider the acceptance of the euro from Germany "falling" of the deutsche mark ?
''That's all it takes really - pressure and time''
  • #203,868
  • Feb 28, 2010 1:28pm Feb 28, 2010 1:28pm
I'm the last one to ask this question. However my short answer is yes and my long answer is yes..
Dean


Quoting nqmoto
Do you consider the acceptance of the euro from Germany "falling" of the deutsche mark ?
  • #203,869
  • Feb 28, 2010 1:29pm Feb 28, 2010 1:29pm
Hi,

You ever check you pm. You have a couple there from me..
Thanks
Dean




Quoting lawgirl21
I think I may download the whole set on youtube if people would like to see then. They have really helped me a lot.
FPA also did a 5 start review of this.
Goes to show you sometimes in life the best things are free.
Time to get my fib chart ready for tonight..

Happy trading
Dean

I would like to see them, Dean, if not too much trouble.[/quote]
  • #203,870
  • Feb 28, 2010 1:51pm Feb 28, 2010 1:51pm
Good morning all.....it's a sunny day and a great start to a brand new week. Good luck to everyone.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #203,871
  • Feb 28, 2010 1:55pm Feb 28, 2010 1:55pm
euro currently 1.3664 ...
Blogging daily now at www.volume.zone
  • #203,872
  • Feb 28, 2010 1:56pm Feb 28, 2010 1:56pm
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.JPG Size: 117 KB


will 1.3660 be res. ? or could it reach the top of the channel @ 1.37xx
  • #203,873
  • Feb 28, 2010 1:56pm Feb 28, 2010 1:56pm
Quote
Good morning all.....it's a sunny day and a great start to a brand new week. Good luck to everyone.......

Good Morning...
  • #203,874
  • Feb 28, 2010 2:06pm Feb 28, 2010 2:06pm
haha. morning to u.
  • #203,875
  • Feb 28, 2010 2:23pm Feb 28, 2010 2:23pm
~
The euro fared well after recent reports of the European Union putting together a rescue plan for Greece's debt troubles were greeted positively.


But Greg Salvaggio, senior vice-president for capital markets at Tempus Consulting in Washington, said that while reports of a German bank buying Greek debt had lifted the single currency, the market "remains incredibly bearish" on the euro zone.


As economic data and "the situation in Europe continues to deteriorate," the euro would be under tremendous pressure, he said.

~
Doing what you like is Freedom. Liking what you do is Happiness.
  • #203,876
  • Feb 28, 2010 2:39pm Feb 28, 2010 2:39pm
Let's wait London for the retracement down below 1.3600
COT: The precious data ignored
  • #203,877
  • Feb 28, 2010 2:39pm Feb 28, 2010 2:39pm
[quote=dean walker;3505928]Hi,

You ever check you pm. You have a couple there from me..
Thanks
Dean


Sorry. Check your PM.
  • #203,878
  • Feb 28, 2010 2:48pm Feb 28, 2010 2:48pm
Thanks!


Quoting lawgirl21


Sorry. Check your PM.
  • #203,879
  • Feb 28, 2010 3:04pm Feb 28, 2010 3:04pm
Good evening.
  • #203,880
  • Feb 28, 2010 3:07pm Feb 28, 2010 3:07pm
good evening all ...
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