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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #19,521
  • Edited 5:22am Jul 17, 2015 4:41am | Edited 5:22am
Quoting andexQ
Interesting... Anyone has idea what possibly could happen with GOLD ? {image} Monthly chart {image}

By coping longer term trades Gold should go more & more down. Minimum @ 975
FXcube
  • #19,522
  • Jul 17, 2015 6:25am Jul 17, 2015 6:25am
Quoting andexQ
Interesting... Anyone has idea what possibly could happen with GOLD ? {image} Monthly chart {image}

to me if break below 1127 ... point to 1070 as a target.
  • #19,523
  • Jul 17, 2015 8:07am Jul 17, 2015 8:07am
Quoting Forexcube
{quote} By coping longer term trades Gold should go more & more down. Minimum @ 975 FXcube

same opinion here

looking ideally for 750-650
  • #19,524
  • Jul 17, 2015 8:09am Jul 17, 2015 8:09am
Quoting infinitus
{quote} same opinion here looking ideally for 750-650
are you planning to buy physical at that price
  • #19,525
  • Jul 17, 2015 9:09am Jul 17, 2015 9:09am
Quoting Mad Russian
{quote} are you planning to buy physical at that price
If you are able to get scraps that arent bought by China already Chart wise gold is bear, should go lower. They are still rammin gold and silver trough futures strongly.
  • #19,526
  • Jul 17, 2015 9:10am Jul 17, 2015 9:10am
Quoting Mad Russian
{quote} are you planning to buy physical at that price

Hi Mad,

how are you? Long time no see, no hear. Hope all is well.


I think that I will buy physical at that point, exchanging USD against Gold at least for a while.


But keep in mind: have EW scenario which sees Gold below 450 (-200)
  • #19,527
  • Jul 17, 2015 9:22am Jul 17, 2015 9:22am
EU

8h TF

EW


maybe....
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_8 Hours_snapshot.png Size: 78 KB
  • #19,528
  • Jul 17, 2015 1:18pm Jul 17, 2015 1:18pm
Quoting infinitus
{quote} same opinion here looking ideally for 750-650

oh yes, around @ 650 - 750 I'll tend to buy some gold nuggets the first time again.
FXcube
  • #19,529
  • Jul 17, 2015 3:13pm Jul 17, 2015 3:13pm
Quoting infinitus
{quote} Hi Mad, how are you? Long time no see, no hear. Hope all is well. I think that I will buy physical at that point, exchanging USD against Gold at least for a while. But keep in mind: have EW scenario which sees Gold below 450 (-200)
Buy of physical all depends on fundies, gold is strongly fundie driven, with exception of manipulation trough paper. It can drop to 700, but with FED hiking ongoing it can go to 500, or can go to 300 with steady hikes and "improving economy", so buying price is hard to put on now speaking. Fed hikes if happen will deliver big blow to gold price no doubt about it, question only is how much will they hike, noone except FED members or Rotschilds can tell that. SDR implemintation can further push price down massively, even with demand surging trough roof, as financial system accepts it as next currency. We have seen what physical demand means.....almost zero.
The way i see it what only would make gold good buy on physical side is if things between China and USA go really bad, and then to expect as part of economic war for China to use gold for currency backing. But that would be very bad for China due to many reasons, and it would only be used in worst case scenario ( i think thats why hoardings are ongoing) but if it would happen then ok, buy it. If it doesnt go close to it, gold is sell only. So price in USD to XAU means little, if there isnt substential change in fundies. Always remember that paper has major advantage over real price and they can push price very low if they want to, cost to do it is quite low to achievent they make, so not put too much hope on buy low, sell high. If markets are manipulated big time, that doesnt hold much truth. And what chances are that masters of our current system will allow system to become transparent, gold backed....its low, only if China/Bricks have intentions, and even that probably its not very likely due to many reasony to sustain compatibility in 21st century economy.
Same for BTC, i say but at pre-or in fundie events, thats where profits are made. Same goes for gold. BTC went from 220 to 320 on Greek drama, which is substential gain. Same way should be investment in gold. But capital flight is way more reflected in BTC than gold in this days due to many reasons.....
Just becouse something is in low price, it doesnt mean it cant go lower. Look at subprimes in 2007. Or many stocks for that matter. Rationality is what counts the most.
  • #19,530
  • Jul 18, 2015 11:51am Jul 18, 2015 11:51am
http://www.zerohedge.com/news/2015-0...le-tsipras-doe

I was aware of Varofakis as decent economist before he became minister, but really week or two ago he asked probably the most important question in whole Greece situation that one should ask: Why ECB doesnt launch QE for Greece in size it would need? They launched 1 tril for many EU countries, but the one that needs it the most it doesnt get it. 100 bil into QE would completly turn around situation in Greece, but then obviously the answer is globalists are playing their game on extraction there, and QE would get in a way, as high interest on debt needs to go hand in hand with bad economic situation.
  • #19,531
  • Jul 18, 2015 12:12pm Jul 18, 2015 12:12pm
Quoting janpec1000
http://www.zerohedge.com/news/2015-0...le-tsipras-doe I was aware of Varofakis as decent economist before he became minister, but really week or two ago he asked probably the most important question in whole Greece situation that one should ask: Why ECB doesnt launch QE for Greece in size it would need? They launched 1 tril for many EU countries, but the one that needs it the most it doesnt get it. 100 bil into QE would completly turn around situation in Greece, but...

It has something to do with Greeks dept only increasing and that they have recived big packages before and they never fulfill teir promises. They are getting money to pay debt
  • #19,532
  • Edited 2:46pm Jul 18, 2015 2:34pm | Edited 2:46pm
Quoting MarianneOslo
{quote} It has something to do with Greeks dept only increasing and that they have recived big packages before and they never fulfill teir promises. They are getting money to pay debt
Ah Marianne you just dig yourself a grave.
Greeks increasing debt. Ok, lets see what other nation has done that in past 20 years. How about mine, Slovenia. How about France, how about USA, how about Portugal. You dont want me to go further, becouse there are 90% of world countries that have done that, its economic system that is based on debt expansion. If you think you can have positive growth and begin honest system now you are very very mistaken. So why are you judging Greece in different manor?
Receiving big packages? How about 16 trillion printed of USD in swaps of QE injection from USA (recapitalization/ derivate unloading, same as Greece bailout influence). They absolutely dwarf Greece. QE monetization is exactly the same as bailouts, altough results are different.
Greece is increasing debt along with other countries, but most other countries have central banks under QE managment which allows interest on loans to go down massively, Greece doesnt have that, and the real burden on Greece is not mass of loans, but interest. Japan has just as much massive debt but they are doing way better than Greece, becouse with QE interest is kept in check, meanwhile globalists are cutting Greece of QE and leaving interest to find its real capitalistic value, which is what is pushing it to where it is. If logic that you are impliying would be kept to all nations around the world, honest system, no QE, the system would crash as economic growth would completly backstall, exports fall, derivates crash. So if you want to be objective you need to think why are you picking on Greece only.
Who has fullfiled their promises? Name me 5 countries in past 20 years that went on successful road of repaying debt, in "AAA" economy.
Really i am bit tired of those kind of indoctrinated media driven asumptions. Tired of people picking on Greece, and having no clue in how actual system works.
I dont know in what country you live, but if you would had to lead non QE approach do you think your country would do it much better than Greece? I tell you, it would be very bleak picture, and you would swallow your words. Interest based loans are burden to Greece, but even without them your country would go into shithole, not as deep as Greece, but deep enough.

And no Greece is not getting money to pay debt, that is completly of the scale. You need to check facts. Sorry for harsh words but i am getting tired of everyone picking on Greece, having no clue of whatabouts.
  • #19,533
  • Edited Jul 19, 2015 9:13am Jul 18, 2015 2:52pm | Edited Jul 19, 2015 9:13am
Quoting janpec1000
{quote} Ah Marianne you just dig yourself a grave. Greeks increasing debt. Ok, lets see what other nation has done that in past 20 years. How about mine, Slovenia. How about France, how about USA, how about Portugal. You dont want me to go further, becouse there are 90% of world countries that have done that, its economic system that is based on debt expansion. If you think you can have positive growth and begin honest system now you are very very mistaken. So why are you judging Greece in different manor? Receiving big packages? How about 16 trillion...
I think you should check your own facts janpec but your way of discussion is not the way I discuss. with people. .....
You are also refering to my country Norway who has the worlds biggest pension found and has no negative net debt. The value of the pension fond is 7220 billions. My country are doing a lot better than Greece......
Greece must sustain a primary surplus of 7.2 percent from 2020 to 2030 to reduce their debt which they never will manage.....
ONLY Norway has maintained a surplus that high for that long. One year it was more than pluss 13%.

Next year is expected minus 4% in Greece

Please check your facts.

.
Greece are now getting new loans which will be used amomg other to pay two IMF loans which was not paid last month and this month.

A significant portion of the money the Greek state has received in emergency loans have not even visited the Greek Treasury, and only just over eight percent is spent on ordinary Greek citizens through the Greek state Budget Only 8 % of 224,5 billions euro in loan went to the Greek people-



Old loans have been used :



Here are the biggest items on the emergency loans have found their way:


** 18.6 billion euro is spent to cover government budget deficits before interest payments from 2010 and up to May 2015 (profit last year and in the first five months)


** 51.4 billion euros is used to pay interest on the debt from 2010 and even in May 2015.


** 41 billion euros were sent directly from the EU emergency fund to old lenders.

** 37.3 billion euros is sent from the emergency fund to Greek banks via Hellenic Financial Stability Fund.

** About. 50 billion has gone to the repayment of old debts by the way, including parts of government bond debt the European Central Bank system purchased to vigorously discounts in 2010 and 2011.

In other words, stimulus packages from the EU and IMF in reality consisted mainly in that the Greeks have made new loans to repay old debts.

This also explains why Greece have the high interest rate.

The countries that pay off their debt, “tend not to look like Greece.” Scott, a professor at the London Business School, studies the history of government debt. The U.S. and U.K., he says, have survived high levels of borrowing without having to renegotiate with creditors, because both have a history of not defaulting. This allows them to issue long-term debt with low rates. The higher risk higher interest rate.
  • #19,534
  • Jul 21, 2015 1:42pm Jul 21, 2015 1:42pm
Sentiment data from monday:

bulls:


EURO 13%

AUD 9%
NZD 10%

Crude 5%
Gold 5%
Silver 5%
Palladium 6%
Platinum 5%

Copper 8%
  • #19,535
  • Jul 24, 2015 1:09am Jul 24, 2015 1:09am
The World Economy Visualized
  • #19,536
  • Jul 24, 2015 1:12am Jul 24, 2015 1:12am
A Stunning Look At California's Historic Drought - From The Air

http://droughtmonitor.unl.edu/
  • #19,537
  • Jul 25, 2015 5:31pm Jul 25, 2015 5:31pm
a little funny...eheheh.

https://www.facebook.com/video.php?v...62&pnref=story
  • #19,538
  • Jul 26, 2015 7:45pm Jul 26, 2015 7:45pm
Raoul Pal: GroupThink Is Almost Ubiquitous (& The 1 Chart That Matters)
  • #19,539
  • Jul 28, 2015 3:32pm Jul 28, 2015 3:32pm
Atm having several BTC buy at 285 BTC-USD holding for +10%, no margin. Expecting BTC to go higher as situation in Greece worsens trough implementation of Drachma and QE/ inflation. They need to print no matter what happens. First target is 10%, but for next 2 years it could just as well be way higher, depends how quickly and strongly they take the road of QE. Without capital outflows BTC should double. Gold is no go for this situation, it pretty much doesnt matter anymore in terms of capital flight asset, its fully priced in paper now.
  • #19,540
  • Jul 30, 2015 7:08am Jul 30, 2015 7:08am
Quoting janpec1000
Atm having several BTC buy at 285 BTC-USD holding for +10%, no margin. Expecting BTC to go higher as situation in Greece worsens trough implementation of Drachma and QE/ inflation. They need to print no matter what happens. First target is 10%, but for next 2 years it could just as well be way higher, depends how quickly and strongly they take the road of QE. Without capital outflows BTC should double. Gold is no go for this situation, it pretty much doesnt matter anymore in terms of capital flight asset, its fully priced in paper now.
Bought at 287. Situation in Greece going as expected, Syriza to hold new referendum likely whether they should refuse bailout, expected that since previous referendum. The way i see it atm 2 scenarios to be played:
1.No vote on referendum, internal break of Syriza, markets react massively EUR down, BTC up, the secret parallel currency system starts to work
2.They vote yes, situation goes into shadows for few months maybe year, pre-elections Syriza is gone, Drachma implemented soon afterwards new party takes control
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