The Club!

EUR/USD Elliott Wave H4 Chart

after X-Wave is all posible

REALLY? 350 pips drop on ISM numbers? And a complete retrace just like on all pump and dump short trades of banksters before. Nope that was not normal market reaction.

http://prntscr.com/2h1kz6

The question is, with same players in play will gold play long?

http://prntscr.com/2h1lsv

ZURICH--The Swiss National Bank Monday said a huge drop in the value of its gold holdings would push it to a $10 billion loss, suggesting more investors would feel the brunt of the biggest fall in the precious metal's price in three decades.
The value of the SNB's gold holdings slid 15 billion Swiss francs ($16.6 billion) in 2013, the Zurich-based central bank said, as the price of the precious metal skidded 28%, its largest drop since 1981. The loss of the gold holdings swamped a gain of roughly 3 billion Swiss francs on foreign currency positions and a profit of 3 billion Swiss francs earned from the sale of a fund that had held troubled assets of UBS AG, leaving it with a loss of 9 billion Swiss francs.
The SNB, one of the world's biggest holders of gold, said its paper loss would force it to cancel dividends to shareholders for the first time since it was founded in 1907. The central bank also said it wouldn't be able to make additional payments to Switzerland's 26 cantons--similar to U.S. states--and the federal government for the first time since 1991.
Gold, often used as a haven investment, began falling in the spring amid speculation the U.S. Federal Reserve would scale back its bond-buying program as the economy recovered without generating concern over inflation. The Fed's bond purchases had supported demand for gold as a hedge against inflationary risks associated with this type of economic stimulus.
Analysts said the slide in gold prices, which had rallied sharply during the financial crisis, would likely continue amid signs that growth was picking up in the key U.S. economy and concerns about financial crises, particularly in still-stagnant Europe, had receded.
"The natural drivers behind the rally in the gold price between 2008 and 2012 are not in place anymore," said Alessandro Bee, an economist at Bank J. Safra Sarasin.
The SNB's loss on its gold holdings, which amounted to 1,040.1 metric tons at the end of 2012 and are kept in bars and coins, will likely a stoke a political controversy in Switzerland, where members of the right-wing Swiss People's Party are pushing for a national vote on requiring the central bank to keep at least 20% of its assets in gold. The central bank has said its flexibility would be limited by such a requirement, which could force it to buy more gold or reduce its holdings of other assets, such as currencies.
The SNB's inability to make profit distributions means the cantonal and federal governments will miss out on payments that totaled 1 billion Swiss francs in 2012. Two thirds of the amount, which was unchanged from the previous year, went to the cantons and a third to the federal government.
Shareholders received a total of 1.5 million Swiss francs in dividends in 2012, also the same as the year before. The bank's dividends and profit distributions are governed by the National Bank Act.
The performance of the SNB, which said it would provide a detailed report on its 2013 results on March 7, may be a prelude to other investor losses on their gold holdings, analysts said.
"Anyone who bought gold after 2010 is currently in the loss zone," said Andreas Megg, head of equity and commodity strategy at Bank Vontobel in Zurich.
Already, some investors have reduced their exposure to the precious metal.
Amid the price volatility, Paulson & Co., the hedge fund led by billionaire investor John Paulson, trimmed its holdings in the SPDR Gold Trust--the world's largest gold exchange traded fund. A regulatory filing showed Paulson scaled back its stake to 10.2 million shares by the end of the second quarter, from 21.8 million at the end of the first quarter.
In September, Russia's central bank sold gold for the first time in a year. Since 2010, Russia has accounted for 30% of all gold purchases made by central banks that report to the International Monetary Fund.
Central banks in the euro zone own about 350 million ounces of gold. The ECB and its member banks revalue their gold every three months. Through the first nine months of 2013, the value dropped by around EUR100 billion ($136.2 billion). However, euro-zone central banks built up sizable valuation buffers--accounts used to address unrealized gains and losses--when gold prices were rising and can probably absorb these paper losses without affecting their annual profits, which are distributed to national governments.
The Fed doesn't own gold.
Gold began its descent in April, when the spot price dived by $200 an ounce over two days amid mounting concern the Fed would scale back its program of monthly bond purchases, known as quantitative easing. The concerns led to a massive liquidation of holdings in gold-backed financial products.
Estimates place the total amount of gold ETF holdings liquidated over the course of 2013 at 900 metric tons. Of that, some 500 metric tons were outflows from the SPDR gold ETF, leaving total global holdings in gold-backed ETFs at around 1,800 metric tons today.
The precious metal took a further hit in May when a regulatory filing revealed billionaire investor George Soros, who once dubbed the metal "the ultimate asset bubble," lowered his investment in the SPDR Gold Trust by 69,100 shares to 530,900 in the first quarter, valuing his stake at $82 million. In June, prices fell below the $1,300-an-ounce mark for the first time since 2010 after Fed Chairman Ben Bernanke said the central bank could reduce its monthly bond purchases by the end of the year if the U.S. economy improved.
The drop followed a sharp run up in gold prices since 2009, driven by investor expectations that the unconventional measures, such as quantitative easing, used by the Fed and other central banks would fuel inflation. Gold has traditionally held its value better than stocks or bonds during times of rapid inflation. But inflation in the U.S. has remained tame, and investors have been more concerned with grabbing higher-yielding investments than having exposure to less risky assets.
http://www.handelsblatt.com/finanzen...h/9293178.html
http://www.handelsblatt.com/meinung/...-/9294698.html

isn't it unbelievable that it is allowed, that central banks have shareholders? they should be only accountable to the government or the people of the state, rather than worrying about dividends for shareholders

end of an impulse wave can not be labelled X-wave


abc-x-abc

or

wxy

http://www.elliottwave.com/freeupdat...Deflation.aspx

Why-Bonds-Get-Hammered-During-Deflation

http://www.elliottwave.com/freeupdat...orrection.aspx


Nikkei Index count

now, now, now

that is interesting

seems the US is "droning" itself

http://rt.com/usa/drone-crash-caused...ip-damage-240/

Haha, thats funny term: "own". Like that gold from Germany and French that is NOT in ECB or other EU bank....and those who suppose to hold it form them....dont have it anymore. Gone. Probably sold, withheld or lend. Doesnt matter, gone.

Horvat's analysis on EU

http://www.safehaven.com/article/323...arish-reversal

same count this guy has

surprise surprise (NOT)

got Dimitry from Roboforex the boot?

Inquiring minds want to know.........


see how this EURUSD count from him (the last one) http://www.roboforex.com/analytics/f...thly-12302013/

quietly morphed into this one, which is from Elliott Wave International (Prechter)

http://www.roboforex.com/analytics/f...thly-01072013/

the one im showing its not Dmitriy , this is different guy


his name Ignat Borisenko http://theignatpost.ru/

Cadity CAD completed:
http://prntscr.com/2ha3ca

80 pips.

New square of Gann. First quarter.

Good day every one...

What is the situation around here?

http://prntscr.com/2hit90
http://prntscr.com/2hitor

this should be decent trade today
http://prntscr.com/2hiuyb

Guys and here should be very nice trade as long as this H4 close looks nicely bearish.
http://prntscr.com/2hl2k7

based on volume analysis the chance for hitting the 3526 area is very high now

a momentum break here will lead to the 3466 area, where price gets most likely rejected (low volume area/ zone of imbalance)

For me, direction is further down

above recent price is a zone of imbalance

the zone got rejections from both sides, but a momentum break from the upper side