DislikedIt's not a cycle....its a lifestyle. LOL.Ignored
No doubt. Is it time to charge all my purchases again? When it comes times to pay, I can always open another card and transfer the balance!
DislikedI'm not sure I share your sentiments entirely....Ignored
DislikedDemocracies can certainly select bad governments -- Many people (i'm guessing you may be one of them) would argue that we selected a bad one in Barack Obama. I would argue we selected a bad one in GWB from 2000-2008 (although I suppose technically a majority selected Al Gore! - but that's another argument entirely!).
DislikedAll I'm saying is, i don't get your argument. Yes, political change leads to economic uncertainty and higher going-forward volatility, but are you really arguing that you'd rather the people of Egypt have a strong-man, politically corrupt, repressive government with 20%+ youth unemployment than a self-directed one?
DislikedMaybe it turns into Iran, but maybe it turns into Turkey (a majority Muslim population but with a secular government).
With respect to American democracy, I'd highly recommend Bob Herberts latest musings on the topic that can be found here: http://www.nytimes.com/2011/02/12/op...t.html?_r=1&hp
Or put more succinctly by Mr Gordon Gekko in 1987: "You're not naive enough to think you're living in a democracy are you? It's the free market and you're part of it."
DislikedNo doubt. Is it time to charge all my purchases again? When it comes times to pay, I can always open another card and transfer the balance!Ignored
DislikedCurrency-wise, I was up and trading NY on Friday. It seemed very "indecisive". Normally I expect the big boys already have their bets in place when news comes across the wire (even unexpected news like when Dubai threatened to default on it bonds).
Friday was exceptionally non-committal.
I suspect they needed the weekend to sus-out an initial response, but as events unfold, all positions are subject to change without warning.
I don't really have any big-picture views on how all this might turn out, but I will be exercising caution,...Ignored
DislikedJust to put things in perspective, here is a monthly continuous gold chart.....we are starting to turn up, and soon will be in parabolic territory. Gold ATMs, grandmothers starting to hoard it, perhaps we are forming a nice bubble? What we will need to see now is a nice "blow off top", which I think is probably coming.....Ignored
With all due respect, I don't think either of us has a crystal ball....Ignored
I know it's an old post i am replying to, but i remembered that you were talking about a gold bubble.
I just found this article on the Wall Street Journal:
It's stating that JP Morgan is a beginning to accept gold as collateral for some transactions.
It's not much, but that's clearly another step in a gold-bubble era.Ignored
DislikedI have busied myself this weekend with reading through the plethora of posts concerning the recent events in Egypt, and prior to this, Tunisia. The media coverage of Egypt is, well, its typical self in sensationalizing a lead story, with almost every journalist daring not to go against editorial remit, and thus cry that this is a real show of democracy in action and led by the people.
Hmm, obviously, I look at these events as a trader of currencies, and although somewhat cold in manner, I have to try and think of how one can profit from these events....Ignored
Technically, a falling wedge is a bullish pattern. Also showing bullish regular div on the monthly.
Not that I'm buying the Euro, just technical opinion.Ignored
DislikedIndeed, thanks mate. In my opinion, the Div on the monthly that you mention has already been played out as seen by the advance and decline of the price. This is why I use 2 MACD, one for a shorter term and the other for a longer term look.
As for the Descending wedge, I agree with the bullish pattern, however I think it may need one more touch on the lower TL unless we can get a big push up.
With my analysis, I like to take all things into account, including any "opposing" patterns to my train of thought - keeps me honestIgnored
DislikedTo be truly cynical, one should not rule out that this inflation is deliberate, and that it allows governments and big money to rape the citizen from behind. A large proportion of government debts is Sterling denominated, thus assisting in inflating the debt away via the theft from the saver - be this in savings accounts, pensions, commodities etcetera.
Much better to have a little inflation than to raise interest rates; which will have a very public effect, and be very damaging to many who are standing on, for example, the property precipice.Ignored