Clearing the remaining 30% long on eu for 400pips
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EurAnalysis Kindergarten 24 replies
DislikedClosed 50% trade on ej for 450pips.....50% still running trailing stop 350pips above
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DislikedClosed 50% trade on ej for 450pips.....50% still running trailing stop 350pips above
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DislikedKno have you read Jim sinclair's latest interview on gold? My dad asked me to translate it into leymans English but I couldn't quite figure what he meant.. Perhaps if you get the chance you could try give us a translation thanks!Ignored
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Dislikedhttp://www.kingworldnews.com/kingwor..._Sinclair.html
Please let me know if this does the job ?
Thanks...
P.S. What happened to Short on EUR/JPY (Smile)Ignored
http://imagesize.financialsense.com/...Since-1971.jpg
Charles isn’t the only one opposed to the Fed’s “monetary manipulation.” In his latest letter to shareholders, Warren Buffett faults the government and its “systemic forces” for destroying the purchasing power of investors. He argues stock investments offer the best long-term investment opportunity because interest rate levels don’t offset the loss of purchasing power due to inflation.http://imagesize.financialsense.com/...8-Trillion.gif
CIBC World Markets sees the secular bull market in gold continuing for “several years,” as the firm believes debt in major economies has reached a point “where financial and economic pressures will manifest themselves in ways that have up until now only been dreamed about.” With these manifestations, Ian McAvity equates gold to insurance. He suggests to readers that they wouldn’t cancel fire insurance because their house hasn’t had a fire. “Gold proffers the best ability to protect long-term purchasing power against deliberate devaluation of the paper alternatives,” he concludes.http://imagesize.financialsense.com/...den-Buddha.jpg
As the story goes, when the Buddha was moved to a new temple in the 1950s, it slipped from the crane and fell. That night, a monk dreamed the statue was divinely inspired, which prompted him to visit the Buddha image. Through a crack in the plaster, he saw a glint of yellow and the statue’s true beauty was revealed. At today’s [COLOR=blue !important][COLOR=blue !important]price [COLOR=blue !important]of [/color][COLOR=blue !important]gold[/color][/color][/color], the Buddha is worth more than $277 million.
Many traders are scratching their heads, wondering why the Euro has been so well bid in 2012 and why it continues to be well bid in the aftermath of an already anticipated Greek bailout that carries with it a lot of uncertainty in terms of execution and potential success. After all, the fallout from the second Greek bailout still leaves many pricing in the very real risk of a default by the nation, with investors also questioning the ability to effectively implement austerity measures. When one adds in the lack of detail on IMF contribution to the bailout, the upcoming Greek elections, the latest bailout hesitancy from the Bundestag, and the latest Fitch downgrade, there really doesn’t seem to be any good reason for the Euro to be so well bid. At most, perhaps some quiet consolidation. Still the Euro has been very well bid and trades to fresh 2012 highs after breaking out of a multi-session consolidation on Thursday. So why is this?
Relative performance versus the USD Friday (as of 11:00GMT)
What it comes down to seems to really not be about whether there will be more problems ahead for Greece, but more about whether the latest bailout and rescue will hold things together long enough for any fallout (when it does happen) to be less relevant to markets at that time than it would be in the current environment. Right now, the Eurozone and global economy are extremely fragile and any signs of additional stress have been amplified and weigh tremendously on risk sentiment. However, should the latest bailout buy enough time for other areas of the Eurozone and global economy to show a more sustainable recovery, any problems that emerge several months or years down the road become much less concerning to investors. Our colleague, a leading strategist at one of the major US banks says it best in his latest report. “Unless you think that the deal will fall apart in the next couple of months, discussing the implausibility of the 2020 targets is more literature than finance.”He also adds in the report that his conjecture is that most of the negative assessment of the bailout package is irrelevant since there was little expectation either before or after the agreement that Greek debt to GDP will approach 120% in 2020.”
DislikedYeah Upper channel broken and in critical Demand Zone .... not excited about selling though ...will wait for a confirmation bar ...Ignored
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Dislikedready for short bro ?
here I lend you special one
It called The God of hammer
http://screenrant.com/wp-content/upl...nir-hammer.jpgIgnored
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