Dislikedthe market has priced in Bernie`s wallet , credit card and homeloan already
a disappointment could turn the latest rally around againIgnored
The Really Useless Thread
- #97,521
- Jun 20, 2012 9:30am Jun 20, 2012 9:30am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #97,522
- Jun 20, 2012 9:36am Jun 20, 2012 9:36am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
gold below 1600
cleared some more
Under 1594, 1574.23 and 1542.71 are next, but I don't see either getting hit before FOMC.
A lot of people are betting on QE3. If that happens gold will fly, but I don't see QE yet.
If no QE, oil will drop to $40 a barrel and gold will make a new low this summer.
This will work well for a consumer spending boost to the US economy and then we'll probably rally off the bottom for back to school season.
(It's much cheaper for them this way then QE. I see QE closer to the elections.)
If I'm completely wrong on this and they announce QE, longs are in play to 1790 and potentially higher after FOMC.
But for now, with 1594 .42 being hit and the gap (real gap, not MT4 gap) being closed on this move, flat is the best position until Bernanke speaks.
Just my 2 cents.
- #97,523
- Jun 20, 2012 9:36am Jun 20, 2012 9:36am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
The Goldman crooks: "The market is prepared for FED action today".. Hmm... No action, maybe?
bro..no action/ no QE will not be a surprise to me
TWIST maybe....
my only concern right now is whether I have enough ice
should be interesting to watch market reaction either way
" Never let the past hold the future to ransom "
- #97,524
- Jun 20, 2012 9:39am Jun 20, 2012 9:39am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
bro..no action/ no QE will not be a surprise to me
TWIST maybe....
my only concern right now is whether I have enough ice
should be interesting to watch market reaction either way
- #97,525
- Jun 20, 2012 9:44am Jun 20, 2012 9:44am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
1594 .42 was major support and the daily ATR. Watch your back here.
Under 1594, 1574.23 and 1542.71 are next, but I don't see either getting hit before FOMC.
A lot of people are betting on QE3. If that happens gold will fly, but I don't see QE yet.
If no QE, oil will drop to $40 a barrel and gold will make a new low this summer.
This will work well for a consumer spending boost to the US economy and then we'll probably rally off the bottom for back to school season.
(It's much cheaper for them this way then QE. I see QE closer to the elections.)...
i dont think QE in his mind yet
gold wise i am in with tight SL cleared most when we hit below 1600 a close below tonight and we will see it deep south
nice post mate thanks
- #97,526
- Jun 20, 2012 9:45am Jun 20, 2012 9:45am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #97,527
- Jun 20, 2012 9:49am Jun 20, 2012 9:49am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
bingo, YEN this time what a lovely pair
EJ H4:
EJ H4:
Don't be a hero. Don't have an ego. Always question yourself
- #97,528
- Jun 20, 2012 9:53am Jun 20, 2012 9:53am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- 9:57 AM A quiet day (thus far) for equities is not matched in EU peripheral bond markets, where Spanish 10-year yields are set for their biggest decline of the year, off 28 bps to 6.76%. Italian yields are shrinking as well, but not quite at Spain's pace. Shares in Madrid +0.8%. (ideas EU rescue funds may buy sovereign debt) Comment!
- GREK
9:51 AM New Democracy leader Antonis Samaras has been sworn in as Greek Prime Minister. Buy the rumor sell the news? After moving higher by 33% over the past 2 weeks, the Athens 20 Index -2.2%, led by especially sharp falls in the banks.
- #97,529
- Jun 20, 2012 10:33am Jun 20, 2012 10:33am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #97,530
- Jun 20, 2012 10:37am Jun 20, 2012 10:37am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #97,531
- Jun 20, 2012 11:03am Jun 20, 2012 11:03am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #97,533
- Jun 20, 2012 11:36am Jun 20, 2012 11:36am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #97,534
- Jun 20, 2012 11:40am Jun 20, 2012 11:40am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
what did monanke say?
lets dance twist
- #97,535
- Jun 20, 2012 11:41am Jun 20, 2012 11:41am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
and the g 
old is so faking sweet
old is so faking sweet
- #97,536
- Jun 20, 2012 11:43am Jun 20, 2012 11:43am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
Left a few in to pay for lunch tomorrow
Stop now below Asian session spike low 2640
" Never let the past hold the future to ransom "
- #97,537
- Jun 20, 2012 11:44am Jun 20, 2012 11:44am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
lets dance twist
- #97,538
- Jun 20, 2012 11:45am Jun 20, 2012 11:45am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
Stops survived....for now...by 1.3 pips
mine too was @ 50 and now its @ 2599 fuck it
thinking about killen the whole thing and wait for the dust to clear
- #97,539
- Jun 20, 2012 11:47am Jun 20, 2012 11:47am
- Joined Mar 2010 | Status: aka QueenB | 4,808 Posts
Stops survived....for now...by 1.3 pips
- #97,540
- Jun 20, 2012 11:50am Jun 20, 2012 11:50am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
mine too was @ 50 and now its @ 2599 fuck it
thinking about killen the whole thing and wait for the dust to clear
stuff that....
" Never let the past hold the future to ransom "