Anyone scalping the FTSE Futures??

[Sidekicker]

Good morning to Dommo, enemybury, Hobster, JeanM, Sidekicker, StevLong

Morning!

Gold is basically a chart of the Dollar index or a zero coupon long bond

Inverse to dollar you mean? Not quite a 100% link as in recent times, it's been linked to a safe haven against euro but now money flowing into USD and gold going down as it's a proper risk off event.

 

[SuddenDeath]

Morning!



Inverse to dollar you mean? Not quite a 100% link as in recent times, it's been linked to a safe haven against euro but now money flowing into USD and gold going down as it's a proper risk off event.

the best article on gold explaining its movements was by Larry summers and co author, he called it "gibson's paradox" gold is a function of nominal interest rates. dollar interest rates are below inflation therefore dollars are being depreciated hence gold price measured in dollars continues to rise.

Treasuries, TIPS, and Gold (Wonkish) - NYTimes.com

 

[Sidekicker]

the best article on gold explaining its movements was by Larry summers and co author, he called it "gibson's paradox" gold is a function of nominal interest rates. dollar interest rates are below inflation therefore dollars are being depreciated hence gold price measured in dollars continues to rise.

Treasuries, TIPS, and Gold (Wonkish) - NYTimes.com

I'll have a read.
Below is the ratio chart usd to gold.

 

[samirs]

Other topic

Other topic sorry

Victoria Grant - YouTube

 

[SuddenDeath]

HSBC bottom of bull flag channel should hold 525p (currently 527.75)

 

[SuddenDeath]

Samirs, have u heard of David Musa Pidcock ?

 

[samirs]

Samirs, have u heard of David Musa Pidcock ?

no why...is he one of your favorites traders?

 

[reksa]

I dont really tweet, just the odd story or retweet something interesting,

You can use skype and create a trading chat room, Samirs create a Skype room.

A skype room would be good. I'm interested.

 

[SuddenDeath]

David Musa Pidcock was born in 1942 in Sheffield, where he lives with his wife and two children Jacob and Mary. He is a machinery consultant, valuer and writer. He gives lectures across the UK, particularly on Islamic economics. A former Roman Catholic, David Musa Pidcock became a Muslim in 1975. He is a founder member and since its inception the leader of the Islamic Party of Britain.

David Musa Pidcock is also an honorary member of the Economic Research Council and a director of the Institute for Rational Economics. He is a co-founder of the National Association for Victims of Fraud and Banking Malpractice

 

[SuddenDeath]

BARC must be very high beta, down 4%

 

[SuddenDeath]

the rule, "weak into the close = weak the following day " holds true

 

[samirs]

David Musa Pidcock was born in 1942 in Sheffield, where he lives with his wife and two children Jacob and Mary. He is a machinery consultant, valuer and writer. He gives lectures across the UK, particularly on Islamic economics. A former Roman Catholic, David Musa Pidcock became a Muslim in 1975. He is a founder member and since its inception the leader of the Islamic Party of Britain.

David Musa Pidcock is also an honorary member of the Economic Research Council and a director of the Institute for Rational Economics. He is a co-founder of the National Association for Victims of Fraud and Banking Malpractice

ok....sorry did not understand clearly the relevance to the discussion.

 

[SuddenDeath]

FTSE down 61 yet SPY implies that FTSE should be 40pts above here. SPY not confirming FTSE weakness

 

[SuddenDeath]

ok....sorry did not understand clearly the relevance to the discussion.

Pidcock has done about 600+ cases against the banks. no bank contract is enforcible in the courts unless it is bonded with the company seal or has been signed by ALL the directors.

 

[SuddenDeath]

Want to short ftse above 5430

I should have placed many orders to build a short position.

 

[SuddenDeath]

anyone check out the "bank death list" i posted this morning?

 

[SuddenDeath]

HSBA/BP/VOD/RDSA/BLT/RIO all smashed this is becoming a daily occurrence and takes the "surprise" element out of trading.

 

[Dommo]

no bank contract is enforcible in the courts unless it is bonded with the company seal or has been signed by ALL the directors.

SD, are you sure about this?

There are execution rules for agreements and documents required by law to be executed by deed, but this does not apply to contracts generally.

If some special rule exists for the banks, I'd be interested to know what it is.

 

[SuddenDeath]

SD, are you sure about this?

There are execution rules for agreements and documents required by law to be executed by deed, but this does not apply to contracts generally.

If some special rule exists for the banks, I'd be interested to know what it is.

I am going by what I have heard David Musa Pidcock say, he has done more than 600 cases against the banks. A case in 1828 established the precedent. also Council tax is not enforcible by the courts either,

 

[moscheeno]

Anyone got any technicals for the FTSE??