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  • #442,381
  • May 16, 2011 12:04am May 16, 2011 12:04am
Quoting hindustani
sold silver tp 33 ; sold eu tp 1.4010
and sold GU.
A chart helps those who can read it.
  • #442,382
  • May 16, 2011 12:05am May 16, 2011 12:05am
Quoting Wulfgar
he looks tired
yeah he was busy womanizing all night , poor guy ........
  • #442,383
  • May 16, 2011 12:06am May 16, 2011 12:06am
Quoting hindustani
yeah he was busy womanizing all night , poor guy ........
we have all been there
  • #442,384
  • May 16, 2011 12:07am May 16, 2011 12:07am
Quoting hindustani
just saw something i did not like, adjusted eu tp for just +10 pips exit 1.4078
closed eu for just +5 ; 40633 is a pretty strong nut ; don't wish to risk it.
  • #442,385
  • May 16, 2011 12:11am May 16, 2011 12:11am
closed silver for some pips, will short again higher

good start of the week ; 2 wins in a row
  • #442,386
  • May 16, 2011 12:13am May 16, 2011 12:13am
with divergence trying to form, a MACD CROSSOVER and resistance on yesterdays S2 pivot line.
I THINK WE ARE IN FOR A BULL RIDE
price may probably rally to 1.4140 and fall back towards S1
Attached Image (click to enlarge)
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  • #442,387
  • May 16, 2011 12:15am May 16, 2011 12:15am
eu needs to go up for some time on 1 hour charts ; destination unknown

Inserted Video
  • #442,388
  • May 16, 2011 12:18am May 16, 2011 12:18am
Quoting paul1
Thankyou infinitus,

I was thinking to myself you were going to say a defaulted debt vanishes from the system .
If you have a source to explain this please send me a link please .

Say i lend you $100 and you go bankrupt and i have no chance of getting it back,you gave that money to someone for stuff.
Its still out there and i am down the money ,you "defaulted" and i still have to cover that debt .
The money is still in circulation.
Lol ,Basically i gave you the money and you spent it on my behalve .

unless the central bank gets...

Hi Paul,

cool discussion we have here :-)

I would highly recommend you to read Robert Prechters free ebook "The Guide to understand Deflation". It is really briliant. To get it, you have to sign up for their free Club EWI Membership. see here: http://www.elliottwave.com/deflation/

I can not answer that question in a short form, because it is a complex thing.

The answer would center around "non-self-liquidating-credit", around where people, companys etc. put the majority of the credit money in, around IOU's, money, definition of money and what people believe what money is, center around why credit can implode but money not, center around if the FED printed money or just plainly issued more credit, center around why the FED with issuing new credit opted to stay healthy and why hyperinflation may be the last thread, center around why investors can buy more with IOU's than with money (inverted IOU pyramide).

That would take me hours.......

The center point is:

Inflation of the recent years is not so much currency inflation as credit inflation. This is important, because credit can disappear.

Maybe the USD today can not buy much, surviving USD will soon buy more....

When much of the debt, which is falsely perceived as money, disappears, remaining USD will be more valuable.


Everyone can learn a very lot by reading this ebooks 91 pages.


Best to you,

Markus
  • #442,389
  • May 16, 2011 12:36am May 16, 2011 12:36am
Money is removed from the economy all the time. You buy shares/commodities/property etc and if their value drops then that amount of money has been removed from the economy.

Why do you think the bondholders of PIGS debt are so visceral about restructuring their debt?
We're all stories in the end. Just try to make it a good one.
  • #442,390
  • May 16, 2011 12:40am May 16, 2011 12:40am
Quoting paul1
Thankyou infinitus,


But today for example the american government will hit the credit limit ,would you like to hold a bank full of paper which if they default will be worthless or physical metal or anything else physical.
That will buy stuff no matter what happens .
Hi Paul,

The U.S. has raised its debt ceiling 11 times since 1996 -- that's 11 out of the past 15 years. Did the USD crash in in the process? Against the euro, it stands today about where it was in 2007
  • #442,391
  • May 16, 2011 12:41am May 16, 2011 12:41am
Quoting Traderji
Money is removed from the economy all the time. You buy shares/commodities/property etc and if their value drops then that amount of money has been removed from the economy.

Why do you think the bondholders of PIGS debt are so visceral about restructuring their debt?
Hi Traderji,

you got it :-)
  • #442,392
  • May 16, 2011 12:45am May 16, 2011 12:45am
Quoting paul1
Thankyou infinitus,


How can you say the money has not caused inflation ,forget official figure ,look in your fridge and pick something out that is not massively dearer today than in 2008,2009,2010,last week .

As I said already: Inflation is caused by inflation of credit. When debt implodes in a big style this process (inflation) is inverted and you get deflation.
  • #442,393
  • May 16, 2011 12:45am May 16, 2011 12:45am
Quoting Traderji
Money is removed from the economy all the time. You buy shares/commodities/property etc and if their value drops then that amount of money has been removed from the economy
I would not say that it has been removed as in harry Houdini doing a disappearing act but it has merely changed hands.
  • #442,394
  • May 16, 2011 12:46am May 16, 2011 12:46am
Here is what I see on the daily:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_d_16-05-11.gif Size: 50 KB
  • #442,395
  • May 16, 2011 12:48am May 16, 2011 12:48am
We are still in this channel (I wonder for how long):

1h chart
Attached Image (click to enlarge)
Click to Enlarge Name: h1.png Size: 46 KB
  • #442,396
  • May 16, 2011 12:50am May 16, 2011 12:50am
Quoting Astroman
I would not say that it has been removed as in harry Houdini doing a disappearing act but it has merely changed hands.
Read my comments above regarding credit inflation.

Credits/debt can implode, money not........

But there is much much more credit/debt IOU's out than real money
  • #442,397
  • May 16, 2011 12:52am May 16, 2011 12:52am
short and waiting confirmation from 20ema cross the 100sma on 5min tf and the macd 12,26,9 gets on minus.

Good luck guys. looking 1.4024, then 1.3988

i have a position from 1.4313, and right now i have some lots avg. 1.4099
  • #442,398
  • May 16, 2011 12:52am May 16, 2011 12:52am
Quoting Astroman
I would not say that it has been removed as in harry Houdini doing a disappearing act but it has merely changed hands.

How has it changed hands?

Jan 1st: Person A has shares worth $1000. Person B has cash/paper money worth $1000. Total money in economy: $2000.

Jan 2nd: Person A sells shares to Person B. Total money in economy: $2000.

Jan 3rd: Shares are down in value 50%. Person A has cash of $1000. Person B has shares worth $500. Total money in economy: $1500. So $500 has been removed.


Wealth can be created and wealth can be lost.

EDIT: Why do you think the Great Financial Crisis of 2008 led to such a drastic reduction in spending? With the share market crashing hard, along with the property prices tanking ($20000 house, Detroit represent) a very very large sum of money was removed from the economy. So most people become poorer and therefore have less money to spend.
We're all stories in the end. Just try to make it a good one.
  • #442,399
  • May 16, 2011 12:56am May 16, 2011 12:56am
Quoting Traderji
How has it changed hands?

Jan 1st: Person A has shares worth $1000. Person B has cash/paper money worth $1000. Total money in economy: $2000.

Jan 2nd: Person A sells shares to Person B. Total money in economy: $2000.

Jan 3rd: Shares are down in value 50%. Person A has cash of $1000. Person B has shares worth $500. Total money in economy: $1500. So $500 has been removed.


Wealth can be created and wealth can be lost.
Person C & D have a Short position on said shares.
  • #442,400
  • May 16, 2011 12:58am May 16, 2011 12:58am
Quoting Astroman
Person C & D have a Short position on said shares.

Ah i see you are just trolling. never mind carry on.
We're all stories in the end. Just try to make it a good one.
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