EurAnalysis

Hey, I remember this one
My favorite also.

who knows u may be one step away from success.

I agree, but thats off topic. I dont think they read it though. Well, maybe some analysts, like me .

T

Good one!

You did a good job PT.

but i am very serious sir,but again i cant hold my laugh as well but ur allowed only if u blow ur account.

getting the hooker with chump change might be a bad idea. better get 10 beers instead and make love to a hole in the wall

sir,we are selfrespecting people,not allowed to fall ourself to such level lol.

I hope this advice is not from experience.

Well, today was fun

Holding my E/J long and still have one E/U short going. USD failed to close above 82.607 which is the 38.2% FIB from the May 20th low to the June high. It could close higher tomorrow but I see a failling wedge forming on the daily. If it breaks out tomorrow it would be an early breakout as it still needs one more touch on the bottom trend line. Of course, it's been 5 years since I've had my eyes checked so I might be reading this wrong.

Yen is still near the top of today's range and it might continue to go higher. But if it does, there's still the possibility that the Japanese will knock it down. Being long E/J should be the good side of the trade if this happens (I think). All my indicators are saying it has reach (or is reaching) it's top.

I've also placed a sell limit on E/U at 1.2535 and hope it get triggered tonight in the Asian (or early London) session.

I think it's time for a ...

My Dear Extended Family,
Never before in the entire period of 1968 to 1980, or 2001 to present, have I received so many copies of classical deflationist scenarios in one day. It would seem as if the God of Deflation overflew the gold guys and dropped their leaflets.

Classical deflation does not have a snowball’s chance in hell of occurring now for any length of time. To assume that you have to hold the belief that Bernanke is a mole in the present administration, placed their covertly to bury the present administration so deep that there will never be a democrat in office after 2013 anywhere.

If you believe there is a political appetite for the collapse of the Western financial system, they had a perfect chance in 2008 and did not accept that great opportunity to purge the system of Banksters for political reasons.

The problems of 2008 are here now and greater. Derivatives still challenge the entire system at a greater level. A major under the covers audit is being done right now of some major banks for serious OTC derivative problems. Market miscreant activity allowed the break to near nothing for many financial institutions. The activity specifically is the absence of the uptick rule, which is still missing. The regulators are controlled by Washington which in turn is owned by the hedge fund and bankster’s lobby.

Nothing whatsoever has changed except the degree of difficulty which has risen to a level never existing in market history.

The rescue will come in the form of QE to infinity for the entire western world’s financial system.

The market historians making fun of the gold community may not like the fact that it was the huge communication to his prison authorities and the system that actually got him the opportunity for freedom. Whatever the mental level reason for his hate of “Gold Bugs,” he is wrong.

Gold is going to and through $2111 on its way towards Alf’s levels.
The euro and the dollar, in that order, will be bailed out. QE will rise to infinity the longer Bernanke plays chicken with the present administration for perseverance of the private bank, the Fed, and its power.

Please stop sending me copies of the latest tome from our respected market historian. The history he is going to make now is his largest market error in his career, scaring the life out of investment protection insurance non trading gold holders, so much so that when they leave they will never return to the gold market.

I have written about Currency Induced Cost Push Inflation hundreds of times. They are all in the compendium. Our beloved historian does not understand this concept, but will be defrocked by it.

This popular writer is determined to walk the halls of ivy again, doing anything necessary to make that happen. Part of that is not having a history of being rescued by the “Gold Bugs,” which he was. I knew him in the 70s when he looked down at me as not in his high circles.

Nothing has changed.
Respectfully,
Jim

Here is the Martin A Armstrong View On Gold and DEFLATION.

http://armstrongeconomics.com/693-2/...o-empires-die/

http://armstrongeconomics.files.word...role.jpg?w=584
During economic crisis, money is hoarded. People curtail their spending to survive. Grover Cleveland addressed the Congress is a Special Session where he criticized his own party stating:
http://armstrongeconomics.files.word...over.jpg?w=584
“At times like the present, when the evils of unsound finance threaten us, the speculator may anticipate a harvest gathered from the misfortune of others, the capitalist may protect himself by hoarding or may even find profit in the fluctuations of values; but the wage earner – the first to be injured by a depreciated currency – is practically defenseless. He relies for work upon the ventures of confident and contented capital. This failing him, his condition is without alleviation, for he can neither prey on the misfortunes of others nor hoard his labour.”

So what should we expect? As the economy collapses, people will hoard and spend less. This is the check and balance against HYPERINFLATION. Furthermore, there are huge political ramifications involving a CORE RESERVE CURRENCY compared to Zimbabwe or Germany in the 1920s that cannot be ignored. The dollar cannot move into HYPERINFLATION for it is the reserve currency that would bring everything down with it. Empires do not die in that manner. The value of the dollar will certainly decline against assets, but it will not move into HYPERINFLATION. World War III would breakout before that. Capital cannot simply flee to yuan, Brazil or any other place, because if the reserve currency goes, so does everything else. China’s reserves would vanish overnight. The notion of HYPERINFLATION is nice – just not practical. Empires collapse they have never expired by HYPERINFLATION. When an empire dies that is the major reserve of all nations, we must be concerned about a complete meltdown and the breakup of the nation long-before HYPERINFLATION would even be possible. Gold’s role will be as the alternative UNDERGROUND economy and a store of wealth in time of political crisis. Remember – institutions will always be vulnerable to seizure. So never leave your gold in a bank that could be seized. You are defeating the very purpose of buying gold in such circumstances.

Some Bonus Material

http://www.financialsense.com/sites/...5-Jun-2012.pdf

I think it is

Look...

http://4.bp.blogspot.com/_27mZCTZXIP...0/hole%2B1.jpg

Hey, did you know there's a thousand holes in Albert Hall?

Hmm I didn't know that. I thought there were a thousand halls in Albert's hole.

Hello builder,

Well done for posting on this thread and explaining your position.

As someone as new to trading as I am let me give you my insights. Read what is posted on this thread and then try to understand what it means within the context of what you are trying to trade. I do not have any level of experience to execute what I might want to but the guys on this thread will give you information, guidance and a complete heads up on this currency pair ( and a lot of information and knowledge around it and forex generally) that will give you the confidence to understand why you want to commit to a trade.

There are many very good posters here - PT is pretty good, but Swissie, cgb, Rekon (when he's about) 100pips, Luis, Harpe, BFSG, sisse and several others really know their stuff. READ THEIR POSTS, and just in case you didn't get that, READ THEIR POSTS. These guys know what they are doing and they are making this available to everyone who cares to read it, whether they are complete novices (like me) or are struggling traders like I expect 90% of visitors (word used deliberately) on FF actually are.

Builder, only you can decide on what trades you want to execute and what your trading plan is but incorporate all the info and insights you see here for any trade you want to do on E/U - it will help enormously, and I preach as someone who has benefitted enormously from this thread. BUT, and I repeat BUT, make the expertise given freely here as part of your trading and try to understand why and what is being said. It doesn't always make sense but then these guys have eons on me on forex expertise. But when and if I do understand what is being said then I put that into my trading plan and if I still understand it then I can move forward.

This thread is a rich vein for anyone who wants to trade forex and it should form part of your daily forex business to read it - even the jokes.

By the way, PT is more than pretty good, he is essential reading. And Swissie must have an English parent 'cos his sense of humour is way too good for a Swiss. And then you can have the pleasure of reading cgb's post, and then the rest of thread - it's a great way to spend your day...

Good luck, work hard, DON'T GIVE UP and let the really talented guys on this thread help you develop your skills - I don't think you'll regret it.

Really? Really? Really? Really?

This Is Not A Political Endorsement For Romney.

hey PT ur not mainting ur bathroom properly despite making so much duff in forex

don't worry he sements it after he's done...pun and typo intended

Probably the greatest song ever written....how else could you get that great a line in a song??

Heh, builder, I warned you that you need to get around the jokes.

And apologies to Dr Zak, forgot to mention him in my post, but builder you must read him.