Recent content by thod00

It would mean that investors see the shares as worthless but that doesnt mean they are bankrupt. So long as they are making money and have cash to operate then they wont go bankrupt. All bank shares have been hit hard and you wont find any that have not fallen. You shouldnt worry too much, your...

I pefer this link that someone posted for the chat room. Its a bigger window. meebo - online web IM for AIM, MSN, Yahoo, Google Talk messengers

Gold is money, silver is a commodity. The silver fans may see silver as money too, but most people in the world do not. Thus when they are afraid they run to gold and not silver.

Its a collection of London LISTED shares. The companies themselves are global players. Thus you are not betting on the UK economy, but the global economy in which these companies operate. For example HSBC, Hong Kong & Shanghai Banking Corporation, is the world biggest bank. If it was a local...

It bounced off 845 several times over the last few days. Hence when it broke through it shot up to 860, since people could see all the shorts who had placed at that point were defeated. That resistance will provide support on the way down. We all see this line so put our buy orders there. Hence...

Well since some here are betting on the FTSE. Now the main components of FTSE are raw materials these days, since the banks are not so valuable. Thus betting against the FTSE is much like betting that a commodities index will fall. The best way to know if commodities will fall is to look at the...

I am waiting for 845 to enter a long.

I am reminded of those automatic stock picking systems that trawl through hundreds of symbols matching whatever signals you have told it to look for. So if you are looking for double bottoms it will find stocks that have that feature instead of watching a single one and waiting for a double...

Here is a list of the top 10 companies in the index of 100. You will notice many commodity producers. The top 10 account for almost half the index by value.

USDX (dxc1) hit 79 again. Quite amazing how gold is holding up under such dollar strength.

Am still bullish on gold from its reactions. AS EUR fell, as expected, it fell too, as expected. But then the bounce was funny, gold bounced high and fast and then realized that EUR was not done and there was another wave down, so it reversed to catch it. Atm it is trying to deny the new wave...

I agree with Rodin. Gold changed trend to flat at 9.00 GMT from down and EUR from flat to down. This is bullish for gold. Thus if wasnt for declining EUR AU would move up. When the EUR decline ends is when it will do so.

AUD gapped up on open to 0.83434. So would have been stopped out. I often look at AUD when the pattern in Au is unclear. They are so closely correlated you can trade AUD as if it was Au.

Gold is in a very ordinary downward price channel. From this you can see where it will go to.

XAU It is traded like any FX.