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  • #1,041,801
  • Dec 8, 2015 4:00am Dec 8, 2015 4:00am
Quoting Rockerzeus
{quote} So you like it too? {image}
Of course. Imagine how she'd look if she were wearing the equivalent value in smartphones and smart watches. And then she'd have to be bothered with getting new ones every year or so to keep her display of status up to date. Gold is so much more permanent (another of its valuable characteristics). She can give those to her daughters when she has them, but if she was decked out in smartphones it would be laughable to do that.
  • #1,041,802
  • Dec 8, 2015 4:04am Dec 8, 2015 4:04am
Quoting MissPips
{quote} Of course. Imagine how she'd look if she were wearing the equivalent value in smartphones and smart watches. And then she'd have to be bothered with getting new ones every year or so to keep her display of status up to date. Gold is so much more permanent (another of its valuable characteristics). She can give those to her daughters when she has them, but if she was decked out in smartphones it would be laughable to do that.
exactly.. to keep up they buy a new one, leaving less capitol to buy gold.
like cigarettes, addicted. waiting for the next one.
those who can, do. those who cant, talk about those who can
  • #1,041,803
  • Dec 8, 2015 4:06am Dec 8, 2015 4:06am
Quoting gatorinla
{quote} its had a great run, it used to be traded oz to oz for salt. now salt is cheap, as demand has grown. the same can happen in a gold demand drop. more and more emerging have demanded modern status items in place of gold. modernization changes past customs and myths. gold is embedded is our dna, once its placed on a = field. and rationally thought of as need or not. it losses shine. than u have to use resources to guard it. buying a factory or something that produces wealth is probably the better investment. (as a store of wealth)

Don't agree. Money is something we will always need. Gold is first degree money (a store of value). All other forms of money are just someone's promise to pay (since Nixon got rid of the gold standard, and even then you had to trust that the government would really redeem the notes for gold, which in the end it stopped doing.) That's all well and good as long as you trust the bodies issuing the promises to pay, but do you really think that trust is going to be increasing in the future? If you think it will be decreasing (possibly in large orders of magnitude), it doesn't pay to have all your eggs in one basket. ( How will you convert your factory into bread? Maybe you can exchange the products it produces for bread, but then you better make sure they are small and portable - matches might be good for example).
  • #1,041,804
  • Dec 8, 2015 4:11am Dec 8, 2015 4:11am
Quoting MissPips
{quote} Don't agree. Money is something we will always need. Gold is first degree money (a store of value). All other forms of money are just someone's promise to pay (since Nixon got rid of the gold standard, and even then you had to trust that the government would really redeem the notes for gold, which in the end it stopped doing.) That's all well and good as long as you trust the bodies issuing the promises to pay, but do you really think that trust is going to be increasing in the future? If you think it will be decreasing (possibly in large...
like i said its in our dna.
suppose the fed decides to hike a few times and gold goes back to 300? or even back to 1972 prices? that store of wealth is on the whim of some suits in the fed
those who can, do. those who cant, talk about those who can
  • #1,041,805
  • Dec 8, 2015 4:16am Dec 8, 2015 4:16am
Quoting gatorinla
{quote} like i said its in our dna. suppose the fed decides to hike a few times and gold goes back to 300? or even back to 1972 prices? that store of wealth is on the whim of some suits in the fed
But if you belive eurusd is going to 1.20 . Shouldn't gold rise?
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #1,041,806
  • Dec 8, 2015 4:19am Dec 8, 2015 4:19am
Quoting Lacunoide
{quote} But if you belive eurusd is going to 1.20 . Shouldn't gold rise?
when did i say i believed the eu was going to 1.2?
no gold does not have to rise. its lost value verse usd and euro.
those who can, do. those who cant, talk about those who can
  • #1,041,807
  • Dec 8, 2015 4:20am Dec 8, 2015 4:20am
Quoting gatorinla
{quote} when did i say i believed the eu was going to 1.2? no gold does not have to rise. its lost value verse usd and euro.
I think people are mistaking 'your' 1.24 'bull target' for 'E/U will reach 1.2 next week'
  • #1,041,808
  • Dec 8, 2015 4:21am Dec 8, 2015 4:21am
Quoting gatorinla
{quote} like i said its in our dna. suppose the fed decides to hike a few times and gold goes back to 300? or even back to 1972 prices? that store of wealth is on the whim of some suits in the fed
It might. I'm not saying buy it right now. But it's still a better alternate store of value than a cell phone. How much can you sell your 5 year old cell phone for, compared to what you paid for it (if you can sell it at all). In general, we're in a deflationary cycle (and have been for some time) and that's the problem with gold prices now, not that it's become a worse store of value than the other alternatives to paper money.
  • #1,041,809
  • Dec 8, 2015 4:22am Dec 8, 2015 4:22am
anyone with longs opened before draghi? where is your target?
  • #1,041,810
  • Dec 8, 2015 4:22am Dec 8, 2015 4:22am
Technical analysis of EUR/USD for December 08, 2015
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-instaforex-group-2.png Size: 26 KB

When the European market opens, economic news on the Revised GDP q/q, French Trade Balance, and French Gov Budget Balance is due to be released .The US will unveil economic data on the IBD/TIPP Economic Optimism, JOLTS Job Openings, and NFIB Small Business Index. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.0885.
Strong Resistance:1.0879.
Original Resistance: 1.0868.
Inner Sell Area: 1.0857.
Target Inner Area: 1.0832.
Inner Buy Area: 1.0807.
Original Support: 1.0796.
Strong Support: 1.0785.
Breakout SELL Level: 1.0779.
  • #1,041,811
  • Dec 8, 2015 4:27am Dec 8, 2015 4:27am
Quoting eborn
{quote} I think people are mistaking 'your' 1.24 'bull target' for 'E/U will reach 1.2 next week'
i said i didnt think it would reach 1.2470. it is a valid target. so reaching 1086 has a good shot with 1.2470 attraction, added with 1086 and 222x natural attraction. as for as 1.2470 goes i respect the target and will be playing it be ear. once 1086 is reached i will look for eu weakness to short. such as 0838ish may cause a bounce in the short term to 0888 now..
those who can, do. those who cant, talk about those who can
  • #1,041,812
  • Dec 8, 2015 4:29am Dec 8, 2015 4:29am
Quoting francmorio
Technical analysis of EUR/USD for December 08, 2015 {image} When the European market opens, economic news on the Revised GDP q/q, French Trade Balance, and French Gov Budget Balance is due to be released .The US will unveil economic data on the IBD/TIPP Economic Optimism, JOLTS Job Openings, and NFIB Small Business Index. So amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY TECHNICAL LEVELS: Breakout BUY Level: 1.0885. Strong Resistance:1.0879. Original Resistance: 1.0868. Inner Sell Area: 1.0857. Target Inner...
and the source is ?
  • #1,041,813
  • Dec 8, 2015 4:29am Dec 8, 2015 4:29am
EU testing daily pivot level
Attached Image (click to enlarge)
Click to Enlarge Name: EU 2015 Dec 08b.PNG Size: 21 KB
  • #1,041,814
  • Dec 8, 2015 4:36am Dec 8, 2015 4:36am
Quoting MissPips
{quote} It might. I'm not saying buy it right now. But it's still a better alternate store of value than a cell phone. How much can you sell your 5 year old cell phone for, compared to what you paid for it (if you can sell it at all). In general, we're in a deflationary cycle (and have been for some time) and that's the problem with gold prices now, not that it's become a worse store of value than the other alternatives to paper money.
like most here, i have owned a few cell phones. at least 1/2 dozen. i bet i am on the low end of numbers. in the future i have many more to own. i assume a purchase of a cellphone weighs more on a emerging market workers finance than mine. i assume those emerging workers will have less to spend for gold replacing phones in the future. Pandora opened that box.
those who can, do. those who cant, talk about those who can
  • #1,041,815
  • Dec 8, 2015 4:39am Dec 8, 2015 4:39am
Quoting MaxDoom
EU testing daily pivot level {image}
Max can i know one thing in your chart Daily R level never touch the line then how you took a short entry..
pls explain
  • #1,041,816
  • Dec 8, 2015 4:44am Dec 8, 2015 4:44am
Quoting Rajking
{quote} Max can i know one thing in your chat Daily R level never touch the line then how you took a short entry..
1) It got within 1.5 pips and I am fading it so that is ok
2) the price action, look at the M5 bars at that high, notice the wick on the bull bar, notice the next bar is a failed attempted to exceed the bull bar, entry after this point
3) my bias is short
  • #1,041,817
  • Dec 8, 2015 4:45am Dec 8, 2015 4:45am
Quoting gatorinla
{quote} like most here, i have owned a few cell phones. at least 1/2 dozen. i bet i am on the low end of numbers. in the future i have many more to own. i assume a purchase of a cellphone weighs more on a emerging market workers finance than mine. i assume those emerging workers will have less to spend for gold replacing phones in the future. Pandora opened that box.
3 my self , last one I use it for 10+years Nokia 5140
  • #1,041,818
  • Edited 4:57am Dec 8, 2015 4:46am | Edited 4:57am
I may try some longs on UJ ... watching .
edit : bought 123.16
  • #1,041,819
  • Dec 8, 2015 4:47am Dec 8, 2015 4:47am
you bozos got me looking at UC
edit: in short SL above R1
Attached Image (click to enlarge)
Click to Enlarge Name: UC 2015 Dec 08a.PNG Size: 9 KB
  • #1,041,820
  • Dec 8, 2015 4:48am Dec 8, 2015 4:48am
Quoting Rockerzeus
{quote} 3 my self , last one I use it for 10+years Nokia 5140
I always wanted to keep my first phone for history sake, unfortunately it was attached to a car which rotted away

I went around the national computer museum the other week all my original machines are behind glass, made me feel old
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