hi there any idea about gold free dommping today!!! is there good for buying now LTD
- #28,442
- Mar 3, 2011 2:29pm Mar 3, 2011 2:29pm
- | Joined Apr 2010 | Status: 888 | 1,664 Posts
You can remain irrational longer than you can remain solvent.
I am thinking of lowering my short from 250 to 200! Somehow, i think i may have missed the boat, should have taken what was on offer yesterday & today
I've got to remember not to chase it!
THE county's business chiefs are predicting a patchy economic growth outlook for 2011 with trade exposed industries particularly hit by the strength of the Australian dollar.
The commodities boom that has driven the Australian dollar to parity with the US dollar is making life hell for many companies.
According to statement released by Ai Group chief executive Heather Ridout, different growth rates in the multi-speed economy, compounded by higher exchange and interest rates, has raised concerns about the underlying competitiveness and sustainability of Australia's economic prospects.
A survey of 530 CEOs from a range businesses in manufacturing, services and construction, and with a combined turnover of $26.8 billion, also see the risk of slower demand in the face of ongoing consumer caution, high interest rates and the burden of government red tape.
The research by the Ai Group and Deloitte found that 93 per cent of manufacturing CEOs see their exports as uncompetitive as a result of the dollar being at parity with it US counterpart.
This compares with 87 per cent in the services sector and 82 per cent in construction.
The negative impact of a high exchange rate is also felt by those businesses competing with cheap imports.
The survey found 100 per cent of services and construction businesses, and 96 per cent of manufacturers said their products were now uncompetitive because of the dollar's strength.
Manufacturers expect their activity to remain weak in 2011 with employment in the sector expected to decline by a further 1.2 per cent.
I've got to remember not to chase it!
THE county's business chiefs are predicting a patchy economic growth outlook for 2011 with trade exposed industries particularly hit by the strength of the Australian dollar.
The commodities boom that has driven the Australian dollar to parity with the US dollar is making life hell for many companies.
According to statement released by Ai Group chief executive Heather Ridout, different growth rates in the multi-speed economy, compounded by higher exchange and interest rates, has raised concerns about the underlying competitiveness and sustainability of Australia's economic prospects.
A survey of 530 CEOs from a range businesses in manufacturing, services and construction, and with a combined turnover of $26.8 billion, also see the risk of slower demand in the face of ongoing consumer caution, high interest rates and the burden of government red tape.
The research by the Ai Group and Deloitte found that 93 per cent of manufacturing CEOs see their exports as uncompetitive as a result of the dollar being at parity with it US counterpart.
This compares with 87 per cent in the services sector and 82 per cent in construction.
The negative impact of a high exchange rate is also felt by those businesses competing with cheap imports.
The survey found 100 per cent of services and construction businesses, and 96 per cent of manufacturers said their products were now uncompetitive because of the dollar's strength.
Manufacturers expect their activity to remain weak in 2011 with employment in the sector expected to decline by a further 1.2 per cent.
- #28,447
- Mar 3, 2011 7:02pm Mar 3, 2011 7:02pm
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #28,450
- Mar 3, 2011 9:50pm Mar 3, 2011 9:50pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Looks like a massive triangle on the higher TFs.
Which way will it break! Higher lows and lower highs....It did make a higher high yesterday though. USD is weak.
We have been near the record highs for basically a month now. I think this sucker is going to break up. But we need to take out 1.0185/ 1.0200
To break bearish we need to crush through 1.0100 and parity...
Hmmmm.
Overall trend is up. And I disagree with it being overvalued. The market will dictate this one. It's high for multiple reasons.
Plus the great swap is a plus for holding long term.
Which way will it break! Higher lows and lower highs....It did make a higher high yesterday though. USD is weak.
We have been near the record highs for basically a month now. I think this sucker is going to break up. But we need to take out 1.0185/ 1.0200
To break bearish we need to crush through 1.0100 and parity...
Hmmmm.
Overall trend is up. And I disagree with it being overvalued. The market will dictate this one. It's high for multiple reasons.
Plus the great swap is a plus for holding long term.
The stop on my last lot from 1.0090 is @ 1.01150, and that last dip went to 1.01151! I guess PA is trying to tell me something. If we get back to to 1.0135, I'm going to set a 20 pip trailing stop on this sucker and just get what I can get out of it. Still can't explain the A/U weakness today, but I guess it really doesn't matter. PA is what it is. Good trades to all.
Regards,
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #28,451
- Mar 4, 2011 3:01am Mar 4, 2011 3:01am
- | Joined Apr 2010 | Status: 888 | 1,664 Posts
Looks like a massive triangle on the higher TFs.
Which way will it break! Higher lows and lower highs....It did make a higher high yesterday though. USD is weak.
We have been near the record highs for basically a month now. I think this sucker is going to break up. But we need to take out 1.0185/ 1.0200
To break bearish we need to crush through 1.0100 and parity...
Hmmmm.
Overall trend is up. And I disagree with it being overvalued. The market will dictate this one. It's high for multiple reasons.
Plus the great swap is a...
Three or four years ago Fiber and Cable where pushed the same way by the carry trade,got my face ripped off many times back then and for the moment this feels just the same,theres just to much free money to be made on the long side.
You can remain irrational longer than you can remain solvent.
- #28,452
- Mar 4, 2011 4:04am Mar 4, 2011 4:04am
- | Joined Apr 2010 | Status: 888 | 1,664 Posts
You can remain irrational longer than you can remain solvent.
- #28,458
- Mar 4, 2011 11:11am Mar 4, 2011 11:11am
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
- #28,459
- Mar 4, 2011 12:21pm Mar 4, 2011 12:21pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News