montmorencyt2w
Senior member
- Messages
- 2,619
- Likes
- 294
In fact it seems to be perking up a bit as we speak, although I may be being a bit previous.
CAD was showing signs of life as well I thought.
2nd of September was the day!
- Thread starter The Baptist
- Start date
- Watchers 11
In fact it seems to be perking up a bit as we speak, although I may be being a bit previous.
CAD was showing signs of life as well I thought.
N Rothschild
Legendary member
- Messages
- 5,296
- Likes
- 603
not sure i would call its a break out in gold/euro..its still range bound in a box play
The Baptist
Established member
- Messages
- 715
- Likes
- 45
The Baptist
Established member
- Messages
- 715
- Likes
- 45
Gold Vs Euro
Easy to misunderstand this, I did a clip assessing the Euro vs Gold, hope to have another done shortly.
If you are a range trader ( you look between 2 parallel lines, not the best idea imv) you would not consider Gold to have done the necessary, in terms of BO, you would probably be awaiting the fall of EUR 700.
My Volatility/BO trades works on constriction and requires the range to constrict on both sides (top & Bottom). This gets me an earlier entry.
It should be clearer when I post the clip.
Easy to misunderstand this, I did a clip assessing the Euro vs Gold, hope to have another done shortly.
If you are a range trader ( you look between 2 parallel lines, not the best idea imv) you would not consider Gold to have done the necessary, in terms of BO, you would probably be awaiting the fall of EUR 700.
My Volatility/BO trades works on constriction and requires the range to constrict on both sides (top & Bottom). This gets me an earlier entry.
It should be clearer when I post the clip.
N Rothschild
Legendary member
- Messages
- 5,296
- Likes
- 603
looks like septebmer 24th was the day! that gold got crushed
Technically Fundamental
Senior member
- Messages
- 2,810
- Likes
- 178
hahahahahaahah
you've been gettin merked online today genics
you've been gettin merked online today genics
N Rothschild
Legendary member
- Messages
- 5,296
- Likes
- 603
merked?
Technically Fundamental
Senior member
- Messages
- 2,810
- Likes
- 178
don't you know about murkage blad? I thght u wz frm LDN
N Rothschild
Legendary member
- Messages
- 5,296
- Likes
- 603
im from scotland
Technically Fundamental
Senior member
- Messages
- 2,810
- Likes
- 178
Gordon?
N Rothschild
Legendary member
- Messages
- 5,296
- Likes
- 603
gecko, yes
The Baptist
Established member
- Messages
- 715
- Likes
- 45
In Euro terms well Gold is back in Range only having peeped over the line. However my view is unaltered long run on Gold especially vs USD.
As stated to negate the initial break we would need $962. So Gold Bears can enjoy current pullback, The evening star some while back had warned of a respite in what was a quick upwards dash.
I will still be seeking out re-entries on a set up, so for now it is sitback and watch.
As stated to negate the initial break we would need $962. So Gold Bears can enjoy current pullback, The evening star some while back had warned of a respite in what was a quick upwards dash.
I will still be seeking out re-entries on a set up, so for now it is sitback and watch.
N Rothschild
Legendary member
- Messages
- 5,296
- Likes
- 603
imo there has been a massive reversal in the USD..that was no pullback yesterday lol..it got sold HARD..way harder than anyone has been buying this last few weeks..that should tell you all you need to know
The Baptist
Established member
- Messages
- 715
- Likes
- 45
Gold is similar to a currency. The Un-Dollar currency.
It would not surprise me that the US would not want their currency to become a guranteed one way bet.
Whilst its drop was brisk, time will tell how well sustained it is, with the UK comfortable letting GBP slide, how long can the Dollar be polar opposite with even worse financials?
This move is far less significant in the dollar if you consider where the Dollar index is compared to 2-3 years ago.
This currency will utterly unwind imv whilst I am sure there will be plenty of 'death throes' of violent last gasp nature, they are destined to drown in their debt, and paper fiat currecncies of consumption economies will be revalued substantially downward.
The best place to be over the medium term/ long term is well clear of the dollar and in Gold (or genuine saver/producer nation currencies) and technically this remains a BO to the upside with its first correction.
I will look for further set ups to go long and it presents a great opportunity for those missing $962 falling on the 2nd Sept 09.
It would not surprise me that the US would not want their currency to become a guranteed one way bet.
Whilst its drop was brisk, time will tell how well sustained it is, with the UK comfortable letting GBP slide, how long can the Dollar be polar opposite with even worse financials?
This move is far less significant in the dollar if you consider where the Dollar index is compared to 2-3 years ago.
This currency will utterly unwind imv whilst I am sure there will be plenty of 'death throes' of violent last gasp nature, they are destined to drown in their debt, and paper fiat currecncies of consumption economies will be revalued substantially downward.
The best place to be over the medium term/ long term is well clear of the dollar and in Gold (or genuine saver/producer nation currencies) and technically this remains a BO to the upside with its first correction.
I will look for further set ups to go long and it presents a great opportunity for those missing $962 falling on the 2nd Sept 09.
N Rothschild
Legendary member
- Messages
- 5,296
- Likes
- 603
yes the dollar is in a bad way, but so is everything else! what is the alternative? hold euros? no thanks..euro is doomed
gold priced in other currencies and adjusted for inflation is extremely low. just all depends how you look at it..
gold priced in other currencies and adjusted for inflation is extremely low. just all depends how you look at it..
The Baptist
Established member
- Messages
- 715
- Likes
- 45
Avoid western Currecies like the plague, buy commodity shares or commodities themselves, large scale currency devaluation ($, £ and to some extent EUR) is inflation by another name.
A wealth Transfer is required from West To East.
I can't see how wealth will be transferred to the East if all their investments are in dollars or euro. It will just be wealth disappearance for all and the eastern economies will be in a (slightly) better position to grow out of it because they have no debt but domestic demand won't be a great driver.
China's fixed exchange has created excess liquiduty and inflated stocks/assests,
which is also a threat. Floating the currency would hurt exports and jobs so they
are stuck between a rock and a hard place.
The Baptist
Established member
- Messages
- 715
- Likes
- 45
Wake up we are bankrupt! FReality will be enforced on us eventually.
All their investments are not in dollars. Yes they are holders of some of the biggest dollar based subsidization of a consumption economy in the form of T-Bills.
But they are invested in future commodity and resource supply across the world, they are domesticically invested in their own productive capacity which far exceeds their own consumption and thereby future cashflow inbound.
Further to this they will not ad finitum subsidize such a reckless economy that is so bust and committed to wars and health care they can't afford after subsidizing and socialising the most epic bank failures ever had.
The notion that because they will take a hit on their dollar based assets is sufficient for them to continue to sustain the unsustainable forever with out seeking a change is stupid.
A revaluation has to come one way or another and it will be dollar downwards, there is no arguement for the physics of a dam wall of growing IOU notes. The borrowing required just to pay Britains interest bill alone in 2 years time will be the cost of the expanded Olympics bill doubled each month ie £16 Billion that would amount to £192 Billion pa in a few years time, in interest payments on IOU's alone, hello?
For perspective In the past 1p tax rise in UK raised approx £1 billion over a course of a year.
The US's position is far worse as they have not amortisised the Fannie Mae/Freddie Mac in their numbers, they already exceed $12 trillion in debt before medicare and other welfare programs.
$/£ devaluation will mean relative upward valuation of the saver economies currencies.
It is not wealth destroying the paper value of these assets were over valued, like house prices in the first place when the 'Greenspan productivity miracle ' gave us the most epic liquidity and borrowing binge ever, starting from Clintons first term to today still.
Too many peoples eyes, just glaze over at these numbers, they are not wished away to a paralell universe, they are now so chronic they are the elephant in the room in every G8 meeting, I have watched insiders the dutch finance minister report that every meeting the greatest topic of concern is the dollar imbalance, search you tube for it.
The Buying power of the future lies in the East, they will be buying up New York and London with their mega currencies and will cease to be so outright cheap to westerners as they once were.
Its called Market Forces and it will not be held back for ever, Greenspan helped take the ponzi scheme to the brink, and the interest bills are too big and the political will to small to make brutal enough cuts to stave the debt demon off.
All their investments are not in dollars. Yes they are holders of some of the biggest dollar based subsidization of a consumption economy in the form of T-Bills.
But they are invested in future commodity and resource supply across the world, they are domesticically invested in their own productive capacity which far exceeds their own consumption and thereby future cashflow inbound.
Further to this they will not ad finitum subsidize such a reckless economy that is so bust and committed to wars and health care they can't afford after subsidizing and socialising the most epic bank failures ever had.
The notion that because they will take a hit on their dollar based assets is sufficient for them to continue to sustain the unsustainable forever with out seeking a change is stupid.
A revaluation has to come one way or another and it will be dollar downwards, there is no arguement for the physics of a dam wall of growing IOU notes. The borrowing required just to pay Britains interest bill alone in 2 years time will be the cost of the expanded Olympics bill doubled each month ie £16 Billion that would amount to £192 Billion pa in a few years time, in interest payments on IOU's alone, hello?
For perspective In the past 1p tax rise in UK raised approx £1 billion over a course of a year.
The US's position is far worse as they have not amortisised the Fannie Mae/Freddie Mac in their numbers, they already exceed $12 trillion in debt before medicare and other welfare programs.
$/£ devaluation will mean relative upward valuation of the saver economies currencies.
It is not wealth destroying the paper value of these assets were over valued, like house prices in the first place when the 'Greenspan productivity miracle ' gave us the most epic liquidity and borrowing binge ever, starting from Clintons first term to today still.
Too many peoples eyes, just glaze over at these numbers, they are not wished away to a paralell universe, they are now so chronic they are the elephant in the room in every G8 meeting, I have watched insiders the dutch finance minister report that every meeting the greatest topic of concern is the dollar imbalance, search you tube for it.
The Buying power of the future lies in the East, they will be buying up New York and London with their mega currencies and will cease to be so outright cheap to westerners as they once were.
Its called Market Forces and it will not be held back for ever, Greenspan helped take the ponzi scheme to the brink, and the interest bills are too big and the political will to small to make brutal enough cuts to stave the debt demon off.
N Rothschild
Legendary member
- Messages
- 5,296
- Likes
- 603
yeh china will take over the world! shame MOST of china still lives in total poverty and the gdp per cpaital is like $4,000. America will come out of this mess on top as always, end of!
N Rothschild
Legendary member
- Messages
- 5,296
- Likes
- 603
as for debt, yeh 12tril is alot of money..its not even 100% of GDP like most countrys, america could probably run 150% debt ratio before it got into trouble. America is the worlds super power, its not just gona sit back and hand over the rains to a second rate power. Aslong as the US war machine still draws breath the dollar will rule the world, if you doubt that..then maybe you should think outside the box a bit, away from just "finance". If america was serisouly in danger of loosing its grip on the world it would put that war machine to work..and go threw anyone like a blow touch threw butter! Im not saying war is going to happen or is the answer to anything, but this is why america will not fall plain and simple. Look at the state of the world before WW2...the great despresion..yet allies still rose up and crushed nazi Germany..regardless of fiscal cost.
No matter what happens in the US, it will happen everywhere and it will be worse! Europe is in much worse economic shape they just better at hiding it! Look at the debt ratios for god sake and people are saying america is gona default? yeh better join the que..
Also seeing you love your gold baptist..who has the worlds largest gold resrves by FAR..need a clue? So lets say the dollar falls apart, fiat currencey as a whole colapses, we return to a gold standard. Where is asia gona be then? They have no gold..
No matter what happens in the US, it will happen everywhere and it will be worse! Europe is in much worse economic shape they just better at hiding it! Look at the debt ratios for god sake and people are saying america is gona default? yeh better join the que..
Also seeing you love your gold baptist..who has the worlds largest gold resrves by FAR..need a clue? So lets say the dollar falls apart, fiat currencey as a whole colapses, we return to a gold standard. Where is asia gona be then? They have no gold..
Last edited:
Similar threads
