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  • #778,161
  • Mar 26, 2013 5:47am Mar 26, 2013 5:47am
Quoting Ken A
So everyone is starting to buy gold to prop up the price
I think they're doing it because historically it's one of the best ways to combat currency devaluations. Personally I prefer prime real estate as a hedge against a crisis, but gold works ok too.

The hilarious part is that gold isn't even that rare...and non-investment demand isn't actually that large. The only reason it's rising is for psychological reasons and because it's a good hedge.

PS: I can't wait to short the S&P500 index once that massive bubble pops...and it will.
  • #778,162
  • Mar 26, 2013 5:50am Mar 26, 2013 5:50am
Quoting 4exNinja
I think they're doing it because historically it's one of the best ways to combat currency devaluations. Personally I prefer prime real estate as a hedge against a crisis, but gold works ok too.

The hilarious part is that gold isn't even that rare...and non-investment demand isn't actually that large. The only reason it's rising is for psychological reasons and because it's a good hedge.

PS: I can't wait to short the S&P500 index once that massive bubble pops...and it will.
Ill be along with you. In January I kept mentioning the Deja Vu factor that will happen.
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When the facts change I change my mind, what do you do sir
  • #778,163
  • Mar 26, 2013 5:50am Mar 26, 2013 5:50am
eurogroup press office rumor: Eurogroup head dijsslebloem to resign....
________________________________ Errare humanum est
  • #778,164
  • Mar 26, 2013 5:50am Mar 26, 2013 5:50am
I would say that the euro will drop soon. The economic shape of Europe is far from improving.....
  • #778,165
  • Mar 26, 2013 5:51am Mar 26, 2013 5:51am
Problem are not the bonuses.. problem is they're getting them regardless if the company does good or goes belly up...
Quoting 4exNinja
Can't afford guillotines anymore...

To be honest, this whole "tax payers bailing out private companies" thing should have never happened. If a company goes bankrupt, it should go under. It's the only way an economy can be sustainable. What we have now is a propped-up POS house of cards...and it's preventing any return to real growth.

Another issue is that over the past 20yrs the average income of the bottom 90% increased by a mere US$59...which basically forces them into a debt funded existence, an unsustainable at that. The bulk of people...
  • #778,166
  • Mar 26, 2013 5:51am Mar 26, 2013 5:51am
Quoting cat
I've got pretty good bullish support short term for the euro. I'm trading ej at the moment, and am looking at the 15m falling 100sma to resist the price, maybe a bit above, from where it may come down back to around 120, but for a more sustained move to new lows I'll be looking for a rollover set up which is nowhere near yet. This current rally by euro may have the legs to go all the way to 195 is on ej. We'll see.
Without more bad news 119.5 is unlikely but I will be looking to buy at that level.
  • #778,167
  • Mar 26, 2013 5:54am Mar 26, 2013 5:54am
Quoting 4exNinja
I think they're doing it because historically it's one of the best ways to combat currency devaluations. Personally I prefer prime real estate as a hedge against a crisis, but gold works ok too.

The hilarious part is that gold isn't even that rare...and non-investment demand isn't actually that large. The only reason it's rising is for psychological reasons and because it's a good hedge.

PS: I can't wait to short the S&P500 index once that massive bubble pops...and it will.
I don't know when all about money and profits human brains can do wonder creating fears and greed to achieve it.
  • #778,168
  • Mar 26, 2013 5:56am Mar 26, 2013 5:56am
Quoting Ken A
Without more bad news 119.5 is unlikely but I will be looking to buy at that level.
I meant 12,195 to thye upside - the 50% fib from yesterday's high/15m 200ema
  • #778,169
  • Mar 26, 2013 5:58am Mar 26, 2013 5:58am
Quoting cat
I meant 12,195 to thye upside - the 50% fib from yesterday's high/15m 200ema
Probably won't go there could be heavy offers at 121.80
  • #778,170
  • Mar 26, 2013 6:00am Mar 26, 2013 6:00am
It's been 20 hrs E/U is under 1.2890, what's next?
  • #778,171
  • Mar 26, 2013 6:02am Mar 26, 2013 6:02am
Euro will shoot up soon ... So soon ..
  • #778,172
  • Mar 26, 2013 6:03am Mar 26, 2013 6:03am
Quoting attila
Problem are not the bonuses.. problem is they're getting them regardless if the company does good or goes belly up...
True...if they get a share in the upside, they should also share in the downside. Else what you get is a lot of short term thinking that always ends in disasters.

Luckily some banks are already implementing this...like UBS. For those guys boni are in the form of forward looking performance bonds...so if the house of cards falls, boni fall with it (as they should!).
  • #778,173
  • Mar 26, 2013 6:06am Mar 26, 2013 6:06am
i closed my short orders manually. add buy stop to 1.2885. we ll see.
  • #778,174
  • Mar 26, 2013 6:06am Mar 26, 2013 6:06am
Quoting Ken A
Probably won't go there could be heavy offers at 121.80
I've underestimated this pair too many times for my own good.
  • #778,175
  • Mar 26, 2013 6:10am Mar 26, 2013 6:10am
Quoting cat
I've underestimated this pair too many times for my own good.
True. But not E/U stay under 1.2980 and U/J under 94.40
  • #778,176
  • Mar 26, 2013 6:11am Mar 26, 2013 6:11am
Morning Junkies,

Been a while.
Interesting crossroads we're at with EU. I have a long term TL acting as support at present but it's difficult to verify on the IG platform, hence why I'm also looking at EY.

EU crossed a 62% fib but not convincingly enough. If it does confirm a southern break then targets are well below, with the initial cluster at 1.26XX although I think it's possible to see 1.24XX for another bullish swing.

Having said that EY looks poised for another run up that could invalidate the above. Remaining flat until some better signal. Not scalping this week and I've decided not to trade mondays but use it as a directional trigger. ATM it's on the short side.
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A pip is only worth it if you know how much you risked to earn it
  • #778,177
  • Mar 26, 2013 6:14am Mar 26, 2013 6:14am
Quoting Ken A
Probably won't go there could be heavy offers at 121.80
or 122.03 i have a sell limit there
  • #778,178
  • Mar 26, 2013 6:14am Mar 26, 2013 6:14am
off topic when MKT slow

if you havent listen yet
you should

search youtube for full album
"Chess"

Inserted Video
  • #778,179
  • Mar 26, 2013 6:15am Mar 26, 2013 6:15am
Quoting attila
Problem are not the bonuses.. problem is they're getting them regardless if the company does good or goes belly up...
but as usual the EU solution to fix the problem by saying bonus cannot be greater than salary is flawed. Al the banks will now do is give them much bigger base salaries which means that everyone will then moan that they get paid lots and most of it is not via bonus.

EU is just a bunch of wannabe presidents milking the system and pretending they run all the EU countries.
  • #778,180
  • Mar 26, 2013 6:17am Mar 26, 2013 6:17am
on topic

Quoting stevewalker
1H is indesecion
it may break both direction
the formation is good for both

but if it breaks down most probably will reject from 2830 & up again
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