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EurAnalysis Kindergarten 24 replies

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  • #19,741
  • Jan 17, 2012 6:53am Jan 17, 2012 6:53am
Quoting knoholygrail
How do you know who is buying Gold and Why ?

Gold is a very unique Asset Class as it is a commodity and a currency.

There are INTERVENTIONS daily through the Paper Market. The US Dollar Index is weak and Gold went up ?

Why ? Is there more QE coming ?

Do you follow my Common Sense here ? Go to WWW.JSMINESET.COM for better information if you care to...

Snippet:

January 16, 2012, at 12:58 pm
by Jim Sinclair
[b]The Churning Process...
Sorry my friend, as Yoda would say:

Gold, a currency, is not.
Kill the ego, or it will kill the mission.
  • #19,742
  • Jan 17, 2012 6:55am Jan 17, 2012 6:55am
Their Target is 1.2200 with Stop at 1.2815

Fitch just announced that Greece will have an orderly default.

It came out at 7:01 AM and no Link (Reuters) I also observe with all the Happy News price behaviour of EUR/USD to news out there that is of a positive nature.

There was clearly a LARGE BUY ORDER at 7:10 AM when a Trader came to his/her desk and filled an order. There was no news to show the move or technicals either. We now move back up to challenge 1.2800

Most likely retail traders going the Wrong Way ?

We will see as I watch 1.2815
  • #19,743
  • Jan 17, 2012 6:55am Jan 17, 2012 6:55am
Quoting AaronWard
Sorry my friend, as Yoda would say:

Gold, a currency, is not.
Yoda traded eh, I knew it...
Look Sharp/Trade Tight
  • #19,744
  • Jan 17, 2012 6:58am Jan 17, 2012 6:58am
Quoting bumapatria
ehhhh i dont know.. euro is some weird thing so i havent been playin much with it.

but heres daily as it goes. we did go up on the last cycle - approaching hte next if price continues to rise - we mgiht see a drop. we have a twitch in the movng average and the cycle line.

all we need is a good price then.
but as all time traders say:

"Dont think anything - before the time. its always a wait and see".
Interesting ... what is that Red Line (Type : ZIGZAG) driving down to 1.18 ..is that a projection to retrace up 1.29 and down then?
  • #19,745
  • Jan 17, 2012 7:01am Jan 17, 2012 7:01am
yeah didnt u know?

he shorted RLSB/GLSB (red lightsabers from the dark side-aka sworn enemy of yoda, against green lightsabers) he made it drop from S$(stardollars)57.80 to a mere 2.50.

he shorted with 5,000,000 lots with the help of the jedis and made it drop that many pips in a matter of days.


Destroy the Sith - We must. Even if trading is the answer.
Have I got something on my face, SOLDIER?
  • #19,746
  • Jan 17, 2012 7:03am Jan 17, 2012 7:03am
Quoting rekon67
Interesting ... what is that Red Line (Type : ZIGZAG) driving down to 1.18 ..is that a projection to retrace up 1.29 and down then?
not a lame zigzag lol.... its a mirror forecast of previous price action.

its JR's original idea but i guess its a cool thing to steal off of him
Have I got something on my face, SOLDIER?
  • #19,747
  • Jan 17, 2012 7:04am Jan 17, 2012 7:04am
Quoting bumapatria
yeah didnt u know?

he shorted RLSB/GLSB (red lightsabers from the dark side-aka sworn enemy of yoda, against green lightsabers) he made it drop from S$(stardollars)57.80 to a mere 2.50.

he shorted with 5,000,000 lots with the help of the jedis and made it drop that many pips in a matter of days.


Destroy the Sith - We must. Even if trading is the answer.


Uh... wasn't the rule that there could only be 2 sith doing their thing at any one time?
Kill the ego, or it will kill the mission.
  • #19,748
  • Jan 17, 2012 7:05am Jan 17, 2012 7:05am
Quoting PayTheLimit
Yoda traded eh, I knew it...
Is The US Dollar a Currency ? Yes It is !!!

Is the US Dollar a STORE OF WEALTH ? NO IT IS NOT !!!

What is an asset and has NO DEBT ? Gold and Silver...

What do all the Banksters hold overseas ? US Dollars or Gold ?

That question is easy and Benny Uses his Secret Weapon the Printing Press. With RESPECT... YODA knows not too much I do think.

Gold is a store of wealth backed by it's value. All Fiat Currencies goes to ZILCH in the END. History tells us that.

Visit WWW.JSMINESET.COM for some background.

Gold Is A Store Of WEalth and no ones debt. My CALL on Gold is $2500.00 US by December 31, 2012 my 69TH Birthday and hopefully my best ever if I am still alive.

Would you rather hold $50,000 US Dollars (CURRENCY) or $50,000 worth of Gold in Canadian Dollars for the purchase.

I will sell MY GOLD on December 31, 2012 and HAVE A BIG PARTY !!!

I think that might make my point with due respect that I can spend the Gold and probably make a good profit at the same time Do You Think ?
  • #19,749
  • Jan 17, 2012 7:11am Jan 17, 2012 7:11am
Quoting knoholygrail

I will sell MY GOLD on December 31, 2012 and HAVE A BIG PARTY !!!

I think that might make my point with due respect that I can spend the Gold and probably make a good profit at the same time Do You Think ?
Are you going to sell your physical gold ? I'm offering the spot price in paper dollars/euro's .

Regards


Thijs
Inflation in things we need, Deflation in things we want.
  • #19,750
  • Edited 7:14am Jan 17, 2012 7:11am | Edited 7:14am
That remark is said in jest. I would love to get into a healthy discussion on my views with others. A Good Knowledge base is important for a winning formula. When I hear some of the economists and Spinners on CNBC I say REALLY !!!

If I was not informed then I would follow the Sheep Off The Cliff. I do Not Like High Places so I try to stay away by being safe with Knowledge.

News Out At 8:30 AM !!! More Fundamentals !!!
  • #19,751
  • Jan 17, 2012 7:16am Jan 17, 2012 7:16am
Quoting knoholygrail

Would you rather hold $50,000 US Dollars (CURRENCY) or $50,000 worth of Gold in Canadian Dollars for the purchase.
I'd rather have $50,000 worth of farm land, cant eat gold...but thats just me...
Look Sharp/Trade Tight
  • #19,752
  • Jan 17, 2012 7:18am Jan 17, 2012 7:18am
Welcome Aboard To The Best Place To Learn On The Whole Internet IMHO.

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  • #19,753
  • Jan 17, 2012 7:24am Jan 17, 2012 7:24am
Quoting PayTheLimit
I'd rather have $50,000 worth of farm land, cant eat gold...
You do not have to eat Gold. Just sell it in any currency that you choose to sell it in. We both understand that. Gold is a store of wealth and it keeps it's value and increases as Paper Money is debased by printing more of it.

I take my $50,000 Worth Of Gold and Go To My local bank or Bank Of Nova Scotia and get the value in CANADIAN CASH and then I party ALL NIGHT LONG...

Wine Woman and Song !!! You are all invited to Montreal for the Party.

Who will buy my farmland ? I do Not know ? What will they offer me ? Might there be floods there ? I think we understand with respect to your point of view. Nice to see you post here. I see you post sometimes on that other place. The Dark Place !!! (Joke Again)
  • #19,754
  • Jan 17, 2012 7:28am Jan 17, 2012 7:28am
Hi all just came on to give my two cents, well I've been quite surprised that we actually could see a correction after all, I hope its not as short lived as the last one I really don't have strong conviction shorting at this area would love to see the 1.30 level again.

However if we look at AUD/USD, we're looking pretty weak, possibly giving rise to a risk off US session its possible in my opinion, we're hitting resistance across the board so may some profit taking on longs might occur and retest support.. Maybe just maybe I dont really know lets see how it plays out..

From my M5 we see we're already looking for a sell if confirmed on M15 I'll gladly short!
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  • #19,755
  • Jan 17, 2012 7:33am Jan 17, 2012 7:33am
Quoting knoholygrail
You do not have to eat Gold. Just sell it in any currency that you choose to sell it in. We both understand that. Gold is a store of wealth and it keeps it's value and increases as Paper Money is debased by printing more of it.

I take my $50,000 Worth Of Gold and Go To My local bank or Bank Of Nova Scotia and get the value in CANADIAN CASH and then I party ALL NIGHT LONG...

Wine Woman and Song !!! You are all invited to Montreal for the Party.

Who will buy my farmland ? I do Not know ? What will they offer me ? Might there be floods there...
Yup, after you exchange your commodity for a real currency you can party-- not before.

Gold and farmland are both stores of value. Gold is far more liquid -- as are most commodities. Neither are terribly stable, though volatility in farm land is significantly less than in gold. They can both suffer mishaps that pertains to their nature (government confiscation being only one of the many misfortunes you might encounter). I personally (as a real Canadian (joke)) like to deal in that other, wonderful commodity, lumber.
Kill the ego, or it will kill the mission.
  • #19,756
  • Jan 17, 2012 7:37am Jan 17, 2012 7:37am
Strong upward trendline, which been stopped yet .280.
I'm waiting for a break, and looking for going back to .262, and maybe break there too.
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  • #19,757
  • Jan 17, 2012 7:39am Jan 17, 2012 7:39am
hey dudes does the us 10y note EVER drop?

it looks quite uptrendish for some itme
Have I got something on my face, SOLDIER?
  • #19,758
  • Jan 17, 2012 7:39am Jan 17, 2012 7:39am
Last Friday the European continent was (essentially) completely downgraded. Standard & Poor’s slammed the region with NINE downgrades – some one notch and others two notches.

S&P cut the ratings of Italy, Spain, Cyprus, and Portugal by two notches while the ratings of France, Austria, Malta, Slovakia and Slovenia were each cut by one notch. In its statement S&P said the following “Today's rating actions are primarily driven by our assessment that the policy initiatives that have been taken by European policymakers in recent weeks may be insufficient to fully address ongoing systemic stresses in the eurozone.”

Since the market is rigged by policymakers and central bankers, the market rallied on the news. We heard the normal excuse of “it’s priced in” and “it wasn’t a surprise” all day. It surely wasn’t a surprise because S&P warned of this move about six weeks ago; but was it really priced in?

When the market first learned of the potential mass downgrades, it was trading at 1255.00. If the damaging downgrades were indeed “priced in,” wouldn’t that have led to an overall market decline from which a reasonable excuse would have been “it is too low now and we saw this coming; it wasn’t as bad as expected; and it’s priced in?” Clearly nothing was priced in because Friday’s market was already trading 30-points higher before the news even hit the tape.

When an individual stock is expected to lose money in a quarter it often declines in share price; however, when the news is released that it wasn’t worse than some may have feared, the price often rallies. But in this scenario, it is rallying from a much lower starting point; so to say that the “bad news was priced in” is true. In our recent real life example above – it is a farce to claim such a thing.

It sure was “lucky” that the market was all a flutter with near guarantees of QE3 coming from the Federal Reserve on the very same morning that such a bomb would explode on Fraud Street. Coincidence? Uh-huh, sure.

But that was only part of the story Friday. JPM missed earnings and although it closed lower, it rallied from its open. Greece was back in the news too. Fears of it defaulting very soon are reaching new heights along with its bond yields. On Monday Greek 1-YR Notes yielded a 415% interest rate.

Yields that high are a default but as mentioned above, the markets are now rigged daily by political hacks and central banksters. No CDS instruments have been paid out because bondholders are said to have accepted a 50% haircut. Of course, everyone knows that 50% is higher than 0%, which is what Greece will pay when it finally pulls out of the EU…and yet not a single cent of this insurance (CDS) has been paid. Why? Because the market is rigged by politicians and central banksters, who have told the agency that decides what a “default is” refuses (read: has been told) to declare a default.


Now Greece is demanding an 80% haircut and bondholders are fighting back. Some say this needs to be resolved by the end of THIS WEEK in order to keep from a total default. I say – get it over with already!

In other “bullish” news, Standard & Poor’s downgraded the actual slush fund facility that is bailing out Greece, Spain, Ireland, Italy, and Portugal from AAA to AA+. S&P says "if we were to conclude that sufficient offsetting credit enhancements are, in our opinion, not likely to be forthcoming, we would likely change the outlook to negative to mirror the negative outlooks of France and Austria. Under those circumstances we would expect to lower the ratings on the EFSF if we lowered the long-term sovereign credit ratings on the EFSF's 'AAA' or 'AA+' rated members to below 'AA+'."

In other words if S&P keeps downgrading the individual countries, the bailout facility will also be downgraded. But no matter – it’s “priced in” 4evvvaaaaahh!! It’s all bullish. It’s all rigged.


Trade well and follow the trend, not the so-called “experts.”

Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banksters.

Kno's Comments:

Understand The Game To Win The Game...

Good Trading All... I am off for a few hours to do other things. I have closed positions on my 13 FX trades today. All shorts on EUR/USD

Look at Where We Are Now...

EUR/USD at 1.2775 and EUR/JPY at 98.11

With Gold at $1,664.25 US Spot...

Oil Up Dow Futures Up 101 and the Yields are now .23% and 1.89% so The 10 Year Us Bonds had buying come in as Yield went down One Basis point.

Look at EUR/USD now at 1.2768 so lot's of noise and down we are.

Good Morning All !!!
  • #19,759
  • Jan 17, 2012 7:42am Jan 17, 2012 7:42am
Quoting RodMca
Hi all just came on to give my two cents, well I've been quite surprised that we actually could see a correction after all, I hope its not as short lived as the last one I really don't have strong conviction shorting at this area would love to see the 1.30 level again.

However if we look at AUD/USD, we're looking pretty weak, possibly giving rise to a risk off US session its possible in my opinion, we're hitting resistance across the board so may some profit taking on longs might occur and retest support.. Maybe just maybe I dont really know lets...
Hi Rod, Can you please post the E/U .. need to have a look since I'm seating at a remote place .. only can see texts (posted images etc) :S
  • #19,760
  • Jan 17, 2012 7:45am Jan 17, 2012 7:45am
Quoting bumapatria
hey dudes does the us 10y note EVER drop?

it looks quite uptrendish for some itme
AS we have more Risk Off other Asset classes that are sold for US Dollars are then used to buy the @ Year, 10 Year and 30 Year US Bonds.

The HIGHER the US Bonds go, the lower the Yields.

When the US Dollar is in trouble and the US Bonds come down from the BUBBLE then Interest Rates in the USA will be OVER 5% for the Two Year US Bonds and Bernake and the EVIL FED will be out of business. Go Ron Paul...
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