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  • #14,001
  • Jun 23, 2012 11:01am Jun 23, 2012 11:01am
Quoting clockwork71
Why can't the rest of us afford to let the Euro die? In the US for example, we still have everything we need. Although it would certainly disrupt the economic system, we are (or could be) completely self-sufficient. So over here, we would be fine in the end.

I also think that Europe itself would be better off. If Spain was using the Peseta still, it wouldn't be 1.26 to the USD, and this would bring in more buyers of whatever it is that Spain exports. (Maybe the fact that I cannot think of it is the problem, no?)

Oh, Valencia oranges........forgot...
The whole worlds banking system is joined at the hip - if the Euro goes down the dollar won't be far behind. Indeed the only reason the dollar looks good atm is because the Euro looks so bad.

The main industry in Spain is tourism(BTW) followed by fishing, clothing and construction?? I think.
  • #14,002
  • Jun 23, 2012 12:59pm Jun 23, 2012 12:59pm
Quoting stewrigh
The whole worlds banking system is joined at the hip - if the Euro goes down the dollar won't be far behind. Indeed the only reason the dollar looks good atm is because the Euro looks so bad.

The main industry in Spain is tourism(BTW) followed by fishing, clothing and construction?? I think.
If the Euro imploded.....where would people run to? The USD.

Spain? Construction? You mean that bubble? As for clothing, I have never seen anything from Spain - ours are all from either Central America or Asia. Could be for the continentals though. And for fish....well, that isn't exactly a modern economy.

Where in the hell does Real Madrid get all of their money then?
  • #14,003
  • Jun 23, 2012 1:53pm Jun 23, 2012 1:53pm
Quoting clockwork71
If the Euro imploded.....where would people run to? The USD.

Spain? Construction? You mean that bubble? As for clothing, I have never seen anything from Spain - ours are all from either Central America or Asia. Could be for the continentals though. And for fish....well, that isn't exactly a modern economy.

Where in the hell does Real Madrid get all of their money then?
U r right spain is a basket case but most of it's current problems are directly related to it's Euro membership.

The construction boom was fueled by cheap money from Europe - The EU killed it's fishing industry - and adopting the Euro killed tourism.

Yep Spain is a basket case - bit like the rest of Europe.

What Spain needs is a weaker currency - just like the rest of Europe.
  • #14,004
  • Jun 23, 2012 9:22pm Jun 23, 2012 9:22pm
Quoting stewrigh
U r right spain is a basket case but most of it's current problems are directly related to it's Euro membership.

The construction boom was fueled by cheap money from Europe - The EU killed it's fishing industry - and adopting the Euro killed tourism.

Yep Spain is a basket case - bit like the rest of Europe.

What Spain needs is a weaker currency - just like the rest of Europe.
I have a friend that I went to high school with that owns a hotel in Zahara, Spain and he would LOVE to see the Peseta come back. Most of his guests aren't Spanish, and he says that the last ten years have been good - but not like the 5 before it. A cheap currency could bring back many more tourists.

Having said that - he is probably hammered right now - celebrating his second homeland's victory. Someone needs to step up and take out the Spanish - it's not going to be Portugal though.....
  • #14,005
  • Jun 24, 2012 3:46am Jun 24, 2012 3:46am
Quoting clockwork71
Believe it or not, I am currently working on a new system based upon fundamentals - kind of a "filter" if you will.....long way to go, but it shows some promise when used in conjunction with price action.
Sounds good, I look fwd to hearing more about it.
  • #14,006
  • Jun 24, 2012 6:11am Jun 24, 2012 6:11am
Quoting clockwork71
I have a friend that I went to high school with that owns a hotel in Zahara, Spain and he would LOVE to see the Peseta come back. Most of his guests aren't Spanish, and he says that the last ten years have been good - but not like the 5 before it. A cheap currency could bring back many more tourists.

Having said that - he is probably hammered right now - celebrating his second homeland's victory. Someone needs to step up and take out the Spanish - it's not going to be Portugal though.....
For my part I'm mostly hoping that England gives the Italian cry-babies a well deserved return ticket to their illegal betting shops back home.

Absolutely wonderful if Balotelli would tear a ligament or such so I don't have to see his ugly face for a long time.
  • #14,007
  • Jun 24, 2012 7:57am Jun 24, 2012 7:57am
Quoting o990l6mh
For my part I'm mostly hoping that England gives the Italian cry-babies a well deserved return ticket to their illegal betting shops back home.
Sounds good to me............
Memories caught in time but never forgotten
  • #14,008
  • Jun 24, 2012 11:34am Jun 24, 2012 11:34am
Yeah, I am for England too......I have always liked the Dutch (hence the name "clockwork") and the English.

However, I think the Germans are probably best suited to give the Spanish a run for their money. We will see though - this is why we play the games and not decide them on paper.....
  • #14,009
  • Jun 24, 2012 11:42am Jun 24, 2012 11:42am
Anyone following EurTry.

Attached Image (click to enlarge)
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  • #14,010
  • Jun 24, 2012 12:00pm Jun 24, 2012 12:00pm
Quoting clockwork71
Yeah, I am for England too......I have always liked the Dutch (hence the name "clockwork") and the English.

However, I think the Germans are probably best suited to give the Spanish a run for their money. We will see though - this is why we play the games and not decide them on paper.....
I think you have called it spot on, as much as it pains me to say it, I think the Germans are the team to upset the Spanish.

Luck comes in all guises though, lets just hope ours doesn't run out...

Come on you Lions...
Memories caught in time but never forgotten
  • #14,011
  • Jun 24, 2012 3:15pm Jun 24, 2012 3:15pm
Quoting stewrigh
Anyone following EurTry.

Attachment

No, but I do know that this is a "carry trade" pair........the TRY yields fairly high I believe.
  • #14,012
  • Jun 24, 2012 4:30pm Jun 24, 2012 4:30pm
Quoting j4d
I think you have called it spot on, as much as it pains me to say it, I think the Germans are the team to upset the Spanish.

Luck comes in all guises though, lets just hope ours doesn't run out...

Come on you Lions...

Fair result. Mercifully the Lions get knocked out in the Penalty shoot out. I can only imagine what the Germans are going to do to Italy after this match, and only 2 days rest.

Neither one of these teams are good enough at the moment to beat Germany. Overall, I think it was a fair result - even though I don't like it.....the Italians were a bit better.
  • #14,013
  • Jun 24, 2012 5:06pm Jun 24, 2012 5:06pm
Quoting clockwork71
Fair result. Mercifully the Lions get knocked out in the Penalty shoot out. I can only imagine what the Germans are going to do to Italy after this match, and only 2 days rest.

Neither one of these teams are good enough at the moment to beat Germany. Overall, I think it was a fair result - even though I don't like it.....the Italians were a bit better.
Very true..I thought we were completely outclassed Its very frustrating to watch players that when relaxed and in there comfort zone playing in the premiership seem.......well.....better ??. its been the same for an age.
Memories caught in time but never forgotten
  • #14,014
  • Jun 24, 2012 5:20pm Jun 24, 2012 5:20pm
Inserted Video
  • #14,015
  • Jun 25, 2012 2:17am Jun 25, 2012 2:17am
Germany is a sure thing......If I owned one I would 'bet the farm' on that one.
  • #14,016
  • Jun 25, 2012 2:12pm Jun 25, 2012 2:12pm
No Comment

http://www.forexfactory.com/showthre...52#post5789552

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  • #14,017
  • Jun 25, 2012 3:32pm Jun 25, 2012 3:32pm
Quoting stewrigh
No Comment

http://www.forexfactory.com/showthre...52#post5789552

Attachment
This guy is talking about the trend.....I see one too - and if we go below $25, this pig falls apart. Plus, he doesn't talk about the fact that silver is an industrial metal as well. I still would rather have gold........
  • #14,018
  • Jun 25, 2012 5:14pm Jun 25, 2012 5:14pm
Also no comment ,lol
except

All them dojis ,were indeed bearish
Im waiting


Quoting Bones
Hi Stu ,you watching silver ,seems so happy to stay closed in this zone ,anyway when it close s outside zone I think your see direction ,to me it seems mighty bearish still ,tricky ,all candles bodies are black as note
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #14,019
  • Jun 25, 2012 5:18pm Jun 25, 2012 5:18pm
Quoting Bones
Also no comment ,lol
except

All them dojis ,were indeed bearish
Im waiting
Cheers Bones. That's one ugly looking chart.

I'm gutted since I bought a pile of silver in 2006/7 and should have dumped it when it went parabolic last year.
  • #14,020
  • Jun 25, 2012 5:23pm Jun 25, 2012 5:23pm
C-12 I love this chart
On-site guru & also FF member's' psychiatrist, when not drinking tea
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