ES Trading

This is a discussion on ES Trading within the Trading Journals forums, part of the Reception category; Originally Posted by new_trader More words of wisdom from Ludwig von Mises, pay attention to this stark warning: Inflation can ...

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Old Jul 4, 2012, 2:14pm   #73
 
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Re: ES Trading

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More words of wisdom from Ludwig von Mises, pay attention to this stark warning:

Inflation can be pursued only so long as the public still does not believe it will continue. Once the people generally realize that the inflation will be continued on and on and that the value of the monetary unit will decline more and more, then the fate of the money is sealed. Only the belief, that the inflation will come to a stop, maintains the value of the notes.

Remember this every time the Central Planners deny the need for more Q.E or attempt to disguise it under a different name and um and ah about the threat of inflation or the state of the economy.
Gold stocks are rallying, which isn't a bad thing because I added a few more to my portfolio when they were cheap. However I've seen this price action before with gold stocks and gold just before a Central Bank meeting. The ECB and the BOE are meeting and will make their announcements tomorrow, Thursday 5th July 2012.

The market appears to be anticipating further easing but I am sceptical. I think they are going to carry on the pretence that everything is O.K for the moment but that they stand ready to act just in case...or whatever.



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Old Jul 5, 2012, 1:12pm   #74
 
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If gold gets as low as $1000/oz I will be buying it with both hands, but I don't think the market will be that generous. I am absolutely certain that Governments around the world are going to have another massive round of Central planning. Phoney economies like those of the US and UK can't survive without it now...too many people living off the Government tit.
Bank of England | Publications | News Releases | Bank of England maintains Bank Rate at 0.5% and increases size of Asset Purchase Programme by £50 billion to £375 billion

Bank of England maintains Bank Rate at 0.5% and increases size of Asset Purchase Programme by £50 billion to £375 billion

Quote:
The Bank of Englandís Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £50 billion to a total of £375 billion.

UK output has barely grown for a year and a half and is estimated to have fallen in both of the past two quarters. The pace of expansion in most of the United Kingdomís main export markets also appears to have slowed. Business indicators point to a continuation of that weakness in the near term, both at home and abroad.




And in Europe....


ECB Cuts Benchmark Rate to Record Low of 0.75%, Deposit to Zero

ECB Cuts Main Rate to Record Low, Deposit Rate to Zero - Bloomberg

Quote:
Global Easing
Central banks around the globe are easing policy in response to Europeís debt crisis, which has pushed at least seven euro nations into recession and forced five of them to seek bailouts.



The U.S will be next, you can Bernanke on it!


Once you pop, you just can't stop! Gold stocks are higher again today.
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Old Jul 9, 2012, 4:36pm   #75
 
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Re: ES Trading

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Originally Posted by new_trader View Post
More words of wisdom from Ludwig von Mises, pay attention to this stark warning:

Inflation can be pursued only so long as the public still does not believe it will continue. Once the people generally realize that the inflation will be continued on and on and that the value of the monetary unit will decline more and more, then the fate of the money is sealed. Only the belief, that the inflation will come to a stop, maintains the value of the notes.

Remember this every time the Central Planners deny the need for more Q.E or attempt to disguise it under a different name and um and ah about the threat of inflation or the state of the economy.
PRECIOUS-Gold steady; market uncertain if Fed will ease policy

PRECIOUS-Gold steady; market uncertain if Fed will ease policy | Reuters

"If"...C'mon!!...
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Old Jul 17, 2012, 9:45am   #76
 
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Re: ES Trading

new_trader started this thread This is an excellent discussion on the History of The Gold Standard. It is clear to see that Central Banks and paper money are the cause of the economic problems and the gold standard is the solution.

History of the Gold Standard - C-SPAN Video Library





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Old Jul 26, 2012, 2:06pm   #77
 
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new_trader started this thread Central Planners now consider taking stabs in the dark because so far their idiotic Keynesian policies have only made things worse. Only a stupid modern economist can think that a Central Bank having the ability to inflate the money supply is a massive advantage...low interest rates and printing money is all these morons know...


With the fifth anniversary of the financial crisis approaching in August, policy makers from the Federal Reserve, the European Central Bank and the Bank of England all meet within 24 hours next week. Central banks, facing a global recovery thatís sputtering even after they delivered trillions of dollars of liquidity and near-zero interest rates, are having to consider fresh strategies to combat the slowdown.

Central Banks Search Toolbox for Ideas as Growth Slows - Bloomberg

The debasement of fiat money continues and new_trader continues to accumulate gold.
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Old Aug 8, 2012, 11:41am   #78
 
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new_trader started this thread Zero-growth forecast for economy - UK News - MSN News UK

Zero-growth forecast for economy

Quote:
The downbeat outlook will increase the chances of further emergency support measures, including a possible interest rate cut beyond the current record low of 0.5% and a further cash injection to the Bank's quantitative easing programme.

I had a sneaking suspicion the Central planners would try to bury some bad news while the public is being distracted by the Olympics. Record low interest rates and printing money hasnít worked...so what do the Central planners think the solution is? More of the same!

The debasement of fiat money continues and new_trader continues to accumulate gold.






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Old Aug 9, 2012, 11:15am   #79
 
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Re: ES Trading

new_trader started this thread U.K. Goods-Trade Deficit Widens to Record as Exports Decline

U.K. Goods-Trade Deficit Widens to Record as Exports Decline - Bloomberg

Quote:
The Bank of England said yesterday that the poundís appreciation over the past year may hamper exports at a time when slowing global expansion is undercutting demand.
Hilarious..."poundís appreciation over the past year"...one fiat currency Vs another in a race to the bottom...

The debasement of fiat money continues and new_trader continues to accumulate gold.
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Old Aug 14, 2012, 8:13am   #80
 
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Re: ES Trading

new_trader started this thread Anger Over 'Massive' Train Fare Hikes

Anger Over 'Massive' Train Fare Hikes - Yahoo! News UK

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The Government is allowing train firms to raise fares by 3% more than RPI inflation from January, based on July's inflation figure.

Unions have warned that some fares could jump by 11% from the New Year, while most rush-hour travel, season tickets, and off-peak fares will rise by well above the rate of inflation.

Campaigners said commuters to London were routinely spending 15% of their salary on getting to work, and between 2011 and 2015, could see their annual season ticket rise by more than £1,000.

Bob Crow, leader of the Rail Maritime and Transport union , said passengers will be "rightly angry" when they find out the full extent of inflation-busting fare increases imposed on them by Government "diktat".

"inflation-busting fare increases imposed on them by Government"...This is because the Government basically manipulates and understates inflation figures. Prepare yourselves because it will get worse, just like I said it would. Of course there are numskulls here at T2W who believe everything the Government tells them and still think there isn't any inflation being created even as we are slowly and surely being impoverished by Government.

The debasement of fiat money continues and new_trader continues to accumulate gold.



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