Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#315,261
May 30, 2012 8:44am May 30, 2012 8:44am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting oathbreaker

Disliked

If they print who is going to take...is it gold? no just a paper...if everyone think it lost it's valve no one will take it....

We will see what happens when US will be forced to pay there trillion dollar debt which is equal to there GDP.

Uncle sam...what is the alternative you have other than defaulting?

Ignored

I'm not sure I understand what you mean. If they print more and more to avoid default, then USD should lose more value and Gold/Silver likely to rise? There are signs of countries moving away from USD for trade etc and if it loses it's reserve status, then I think BB is right, USD will collapse. They have 145 trillion in debt and internal obligations. My own thoughts are that they will print like crazy to help pay debts, pensioners, Medicare etc while they still can because my understanding is they can only print to pay debts etc while they hold reserve status. Not sure on this last point though.

Come with me if you want to live....

#315,262
May 30, 2012 8:44am May 30, 2012 8:44am

_BBKing_
Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts

looking for a serious broker?
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90% of traders use TA, indicators and prediction

#315,263
May 30, 2012 8:52am May 30, 2012 8:52am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting _BBKing_

Disliked

uhm will try to do some calculations before buy it again!
of course we have XAU EUR so less problems here.

i bought it when was around 1000 and sold 1850 lol.

looking to buy it again but not at these levels in this scenario.

IMO world need something where put money. actually flows are going into USD. will USD be able to substain such an impact? uhmmmmm....
temp can be good but as said earlier by oathbreaker, usd debt is not a joke and things can get worse if usd goes too much overvalued....

what will then world buy? eur? gbp? gold?...

Ignored

I agree, USD debt and obligations is no joke at all, media seems to be keeping it under wraps. Greed, manipulation, lies, deceit all sleep in the same bed together.

Come with me if you want to live....

#315,264
May 30, 2012 8:52am May 30, 2012 8:52am

fxtyrant
Joined Jan 2010 | Status: Trader | 10,268 Posts

Quoting oathbreaker

Disliked

Hi bguguen
Good thought...I will think about..but what do you think medium of exchange between two countries will be?

If bank neither trust currency nor gold...then what do they trust...

Ignored

Well.... US trusts their Bonds.... otherwise they wouldnt do everything to keep yields low on that...
what else.... cant really think of any other thing they could trust right now....

We live in a finite world with infinite possibilities.

FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%

#315,265
May 30, 2012 8:54am May 30, 2012 8:54am

oathbreaker
| Joined Jan 2012 | Status: Trader | 264 Posts

Quoting Ill-b-back

Disliked

I'm not sure I understand what you mean. If they print more and more to avoid default, then USD should lose more value and Gold/Silver likely to rise? There are signs of countries moving away from USD for trade etc and if it loses it's reserve status, then I think BB is right, USD will collapse. They have 145 trillion in debt and internal obligations. My own thoughts are that they will print like crazy to help pay debts, pensioners, Medicare etc while they still can because my understanding is they can only print to pay debts etc while they hold...

Ignored

Hi Ill-b-back

Even if they print and no other country wants to trade in dollar what will happen?

It is not Gold rite...It will be just a paper with no valve...

Regarding there Debt US economy is 16.5 Trillions(i.e.,if you sell all the industries in US today) and there debt is almost reaching 16.5 trillions.
There interest is growing at 200 billions per year.US is collecting tax of 2 trillion every year but still they are borrowing 800 billions in order to run there country...US doubled there debt in 2007 and 2008 during wars.It is not 145 trillion pal...

Apple 500 billion dollar company
Microsoft 250 billion dollar company
Google 250 billion dollar company
Facebook 90 billion dollar company(it is not worth it)

We will see what they will do...

I am a hunter...i kill both bulls and bears...

#315,266
May 30, 2012 8:58am May 30, 2012 8:58am

sol
| Joined Mar 2008 | Status: Trader | 73 Posts

Let "SHORT THE DOLLAR" games begin or what

Gravity always wins

#315,267
May 30, 2012 9:00am May 30, 2012 9:00am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting oathbreaker

Disliked

Hi Ill-b-back

Even if they print and no other country wants to trade in dollar what will happen?

It is not Gold rite...It will be just a paper with no valve...

Regarding there Debt US economy is 16.5 Trillions(i.e.,if you sell all the industries in US today) and there debt is almost reaching 16.5 trillions.
There interest is growing at 200 billions per year.US is collecting tax of 2 trillion every year but still they are borrowing 800 billions in order to run there country...US doubled there debt in 2007 and 2008 during wars.It is not...

Ignored

Yes debt is 16 trillion or so but with internal abligations pensioners, Medicare etc, it balloons to about 145 trillion or so, you can check it out if you want. Are you saying Gold /silver will rise if printing continues? If so, I think so too.

Come with me if you want to live....

#315,268
May 30, 2012 9:05am May 30, 2012 9:05am

Darkforce
| Joined Feb 2011 | Status: Trader | 1,237 Posts

Facebook only worth $63billion now......

Quoting oathbreaker

Disliked

Hi Ill-b-back

Even if they print and no other country wants to trade in dollar what will happen?

It is not Gold rite...It will be just a paper with no valve...

Regarding there Debt US economy is 16.5 Trillions(i.e.,if you sell all the industries in US today) and there debt is almost reaching 16.5 trillions.
There interest is growing at 200 billions per year.US is collecting tax of 2 trillion every year but still they are borrowing 800 billions in order to run there country...US doubled there debt in 2007 and 2008 during wars.It is not...

Ignored

#315,269
May 30, 2012 9:07am May 30, 2012 9:07am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Midnight here, off to bed zzz

Come with me if you want to live....

#315,270
May 30, 2012 9:08am May 30, 2012 9:08am

oathbreaker
| Joined Jan 2012 | Status: Trader | 264 Posts

Quoting bguguen

Disliked

Well.... US trusts their Bonds.... otherwise they wouldnt do everything to keep yields low on that...
what else.... cant really think of any other thing they could trust right now....

Ignored

We will see what happens and how well will US treasury bonds and other municipal bonds...etc will perform..if all other countries(Arab,chines,Latin..etc) stop pumping money to US...

Time for everything....

Right now we will short EUR and GBP ...we will see about USD later...

I am a hunter...i kill both bulls and bears...

#315,271
May 30, 2012 9:11am May 30, 2012 9:11am

oathbreaker
| Joined Jan 2012 | Status: Trader | 264 Posts

Quoting Ill-b-back

Disliked

Midnight here, off to bed zzz

Ignored

zzz....gud nite...

See you tomorrow...I will check it in internet about US debt.

I am a hunter...i kill both bulls and bears...

#315,272
May 30, 2012 9:13am May 30, 2012 9:13am

Darkforce
| Joined Feb 2011 | Status: Trader | 1,237 Posts

Quoting Ill-b-back

Disliked

Yes debt is 16 trillion or so but with internal abligations pensioners, Medicare etc, it balloons to about 145 trillion or so, you can check it out if you want. Are you saying Gold /silver will rise if printing continues? If so, I think so too.

Ignored

Last year, the US debt ceiling crisis kicked in around end June/early July, and caused GU to rally from 1.57-1.66 in a couple weeks to mid Aug.

Maybe the debt issue will kick in again to bring the USDX down? Does anyone got idea on this?

#315,273
May 30, 2012 9:14am May 30, 2012 9:14am

oathbreaker
| Joined Jan 2012 | Status: Trader | 264 Posts

Quoting Darkforce

Disliked

Facebook only worth $63billion now......

Ignored

but Still it is not worth 63 billion dollars...

I am a hunter...i kill both bulls and bears...

#315,274
May 30, 2012 9:18am May 30, 2012 9:18am

Darkforce
| Joined Feb 2011 | Status: Trader | 1,237 Posts

Quoting oathbreaker

Disliked

but Still it is not worth 63 billion dollars...

Ignored

Agreed

Morgan Stanley should have a lot of FB stocks bought at $38 on the IPO day, poor thing they are.

#315,275
May 30, 2012 9:24am May 30, 2012 9:24am

fxtyrant
Joined Jan 2010 | Status: Trader | 10,268 Posts

Quoting oathbreaker

Disliked

but Still it is not worth 63 billion dollars...

Ignored

Wow im so glad you guys brought up FB.... had a proper argument with a friend, told him not to buy FB at IPO...
told him... i dont trust facebook and that facebook at 38 dollars per share at 100 billion evaluation...
i wonder how much facebook's shares would be worth if company only has like 1 billion worth of value...

Facebook's office are probably rented... facebook's servers are probably rented...

And people try to pull comparison with Google... when google actually hold assets (hello aquisition with motorola) where as facebook holds nothing....

We live in a finite world with infinite possibilities.

FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%

#315,276
May 30, 2012 9:34am May 30, 2012 9:34am

oathbreaker
| Joined Jan 2012 | Status: Trader | 264 Posts

Quoting bguguen

Disliked

Wow im so glad you guys brought up FB.... had a proper argument with a friend, told him not to buy FB at IPO...
told him... i dont trust facebook and that facebook at 38 dollars per share at 100 billion evaluation...
i wonder how much facebook's shares would be worth if company only has like 1 billion worth of value...

Facebook's office are probably rented... facebook's servers are probably rented...

And people try to pull comparison with Google... when google actually hold assets (hello aquisition with motorola) where as facebook holds...

Ignored

Agreed...Agreed...totally Agreed...

I don't think in any way it will get revenue...google has some ways to earn money from advertises and they are trying to launch some products...what is facebook doing....nothing....except some revenue from add on side bar..