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The Really Useless Thread

  • #88,601
  • May 16, 2012 2:02am May 16, 2012 2:02am
Quoting kill56
in gold
nope closed.. waiting to c
those who can, do. those who cant, talk about those who can
  • #88,602
  • May 16, 2012 2:03am May 16, 2012 2:03am
Quoting Gleneagles
@ useless Bars Tarts

Good morning
G M
Attached Image
  • #88,603
  • May 16, 2012 2:05am May 16, 2012 2:05am
Quoting gatorinla
nope closed.. waiting to c
30 was not bad lets see how far the bounce
  • #88,604
  • May 16, 2012 2:25am May 16, 2012 2:25am


3:12 AM Greek 2023 bond yield rises past 30% for the first time. (via
  • #88,605
  • May 16, 2012 2:33am May 16, 2012 2:33am
3:28 AM Australian consumer confidence remains weak, rising just 0.8% in May to 95.3, and wage growth slowed. The data further supports bets that the central bank will cut rates next month. S&P/ASX 200 closed -2.4%.
  • #88,606
  • May 16, 2012 3:01am May 16, 2012 3:01am
Ok I've decided I'm a stupid useless bastard and don't understand anything about markets.

Gold is dropping against the dollar - so ppl are selling their gold and buying dollars. Ok I sorta understand that bcos the dollar is strong atm though I don't understand why(risk off).

But gold is also dropping against the Euro, so ppl are selling their gold and buying Euros. WTF for chrisakes.

Confusing or wot
  • #88,607
  • May 16, 2012 3:24am May 16, 2012 3:24am
Quoting gatorinla
2673 or 80 might be a little support
london opened in the bear side. looking for the same setup as yesterday. probably will short 2771 ish
those who can, do. those who cant, talk about those who can
  • #88,608
  • May 16, 2012 3:26am May 16, 2012 3:26am
Quoting stewrigh
Ok I've decided I'm a stupid useless bastard and don't understand anything about markets.

Gold is dropping against the dollar - so ppl are selling their gold and buying dollars. Ok I sorta understand that bcos the dollar is strong atm though I don't understand why(risk off).

But gold is also dropping against the Euro, so ppl are selling their gold and buying Euros. WTF for chrisakes.

Confusing or wot
check the crosses too....

deff ppl liquidating long term gold longs to buy back later at a cheaper price..
  • #88,609
  • May 16, 2012 3:26am May 16, 2012 3:26am
Quoting stewrigh
Ok I've decided I'm a stupid useless bastard and don't understand anything about markets.

Gold is dropping against the dollar - so ppl are selling their gold and buying dollars. Ok I sorta understand that bcos the dollar is strong atm though I don't understand why(risk off).

But gold is also dropping against the Euro, so ppl are selling their gold and buying Euros. WTF for chrisakes.

Confusing or wot
how about people are just selling gold around the world reducing demand
those who can, do. those who cant, talk about those who can
  • #88,610
  • May 16, 2012 3:29am May 16, 2012 3:29am
Quoting kill56
30 was not bad lets see how far the bounce
1139 is a long way down
those who can, do. those who cant, talk about those who can
  • #88,611
  • May 16, 2012 3:30am May 16, 2012 3:30am
Quoting gatorinla
how about people are just selling gold around the world reducing demand
its that simple...
  • #88,612
  • May 16, 2012 3:33am May 16, 2012 3:33am
Quoting gatorinla
how about people are just selling gold around the world reducing demand
yeah I get that just don't understand why anyone would exchange their gold for paper especially in the current climate.
  • #88,613
  • May 16, 2012 3:34am May 16, 2012 3:34am
Quoting fxjawn
its that simple...
yeah,, the natives quit dancing around the campfire. and realized the gold myth is bullshit.
those who can, do. those who cant, talk about those who can
  • #88,614
  • May 16, 2012 3:36am May 16, 2012 3:36am
Quoting gatorinla
1139 is a long way down
like to see 1600 for a longtime short
  • #88,615
  • May 16, 2012 3:36am May 16, 2012 3:36am
Quoting gatorinla
yeah,, the natives quit dancing around the campfire. and realized the gold myth is bullshit.
have you charted copper at all lately..
Look Sharp/Trade Tight
  • #88,616
  • May 16, 2012 3:38am May 16, 2012 3:38am
Quoting PayTheLimit
have you charted copper at all lately..
pfft... look at my avatar...
  • #88,617
  • May 16, 2012 3:41am May 16, 2012 3:41am
Quoting fxjawn
pfft... look at my avatar...
copper is the new silver?
Look Sharp/Trade Tight
  • #88,618
  • May 16, 2012 3:41am May 16, 2012 3:41am
Quoting stewrigh
yeah I get that just don't understand why anyone would exchange their gold for paper especially in the current climate.
what makes gold so special? what can you do with it that you cant do with another cheaper metal.. its value is from ancient cultures. its a big hype..

if its so valuable, why would the minors exchange it for paper in the first place?
those who can, do. those who cant, talk about those who can
  • #88,619
  • May 16, 2012 3:43am May 16, 2012 3:43am
Quoting PayTheLimit
have you charted copper at all lately..
dont have it with my broker.. i wish i did
those who can, do. those who cant, talk about those who can
  • #88,620
  • May 16, 2012 3:43am May 16, 2012 3:43am
Quoting PayTheLimit
copper is the new silver?

he gave up his pink bott for a silver one
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