ES Trading

new_trader

Legendary member
6,181 1,258
Booming Sweden’s Free-Market Solution

Booming Sweden

"After the Keynesian financial and monetary stimulus in the 1970s and ’80s, which led to inflation, repeated devaluations and low growth, Swedes believe in fiscal discipline. They are scared of huge national debt and budget deficits -- especially at the levels they are in the U.S."


There is a supposedly intelligent member of this forum who has been using Sweden as an example of how a Central Bank manipulating the money supply is a massive advantage. :LOL: ...Idiot!
 

new_trader

Legendary member
6,181 1,258
The U.K Government and Central Bank have created a 'Pringles' economy where "Once you pop, you can't stop". Just like I said here:

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.

UK fights euro zone threat with $155 billion credit boost

UK fights euro zone threat with $155 billion credit boost | Reuters

These imbeciles think that taking money from taxpayers and giving it to banks so that they can lend it back to the taxpayers they stole it from in the first place will create growth. Talk about insanity.

REAL SAVINGS grows the economy, NOT DEBT.:mad:

The very wise and prescient Ludwig von Mises wrote more than 50 years ago:

Inflation and credit expansion, the preferred methods of present day government openhandedness, do not add anything to the amount of resources available. They make some people more prosperous, but only to the extent that they make others poorer.
 

new_trader

Legendary member
6,181 1,258
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.
 

new_trader

Legendary member
6,181 1,258
The nine most terrifying words in the English language are, "I'm from the government and I'm here to help."
-Ronald Reagan


This is exactly what we need, people who defend the taxpayer and free market capitalism instead of special interests that lobby the Government for more and more assistance.

Peter Schiff testifies before Congress: Round 2 - Shorter Version - YouTube





7,468
 

new_trader

Legendary member
6,181 1,258
The U.K Government and Central Bank have created a 'Pringles' economy where "Once you pop, you can't stop". Just like I said here:




UK fights euro zone threat with $155 billion credit boost

UK fights euro zone threat with $155 billion credit boost | Reuters

These imbeciles think that taking money from taxpayers and giving it to banks so that they can lend it back to the taxpayers they stole it from in the first place will create growth. Talk about insanity.

REAL SAVINGS grows the economy, NOT DEBT.:mad:

The very wise and prescient Ludwig von Mises wrote more than 50 years ago:

Inflation and credit expansion, the preferred methods of present day government openhandedness, do not add anything to the amount of resources available. They make some people more prosperous, but only to the extent that they make others poorer.
The insanity of Government propaganda.

The government is keeping interest rates low and dumping £Billions into the credit market to keep consumers borrowing and spending like there’s no tomorrow and now their department of propaganda is reporting that people aren’t saving enough for retirement because of "a lack of confidence in pension investments". Can you think of anything more ludicrous?

'Confidence crisis' in pensions:
BBC News - 'Confidence crisis' in pensions
 

new_trader

Legendary member
6,181 1,258
'Lack of saving'

The automatic enrolment system, which will be phased in over six years, aims to boost the low level of pension savings among UK workers, especially in the private sector.

The government intends that between four and eight million more workers will be recruited into existing company schemes, or alternatives such as the National Employment Savings Trust (Nest).
An automatic enrolment with an opt out that will eventually become compulsory no doubt. These 'Private' pension plans will then be forced to buy government debt...all for our benefit no doubt, because the government is here to help...
 

new_trader

Legendary member
6,181 1,258
19 March 2009
UK budget deficit widens further
BBC NEWS | Business | UK budget deficit widens further


15 June 2012
UK trade deficit widens sharply in April
BBC News - UK trade deficit widens sharply in April


Jun 26, 2012
U.K. Posts Larger-Than-Forecast Deficit as Slump Hits Taxes
U.K. Posts Larger-Than-Forecast Deficit as Slump Hits Taxes - Bloomberg

"Britain had a larger budget deficit than economists forecast in May as the recession depressed tax receipts and government spending surged"


Over-consuming, unproductive welfare state Britain has a wider than forecast deficit and ‘they’ are surprised...I suppose their solution will be “Print more money, that will fix it”
 

new_trader

Legendary member
6,181 1,258
The U.K Government and Central Bank have created a 'Pringles' economy where "Once you pop, you can't stop". Just like I said here:




UK fights euro zone threat with $155 billion credit boost

UK fights euro zone threat with $155 billion credit boost | Reuters

These imbeciles think that taking money from taxpayers and giving it to banks so that they can lend it back to the taxpayers they stole it from in the first place will create growth. Talk about insanity.

REAL SAVINGS grows the economy, NOT DEBT.:mad:

The very wise and prescient Ludwig von Mises wrote more than 50 years ago:

Inflation and credit expansion, the preferred methods of present day government openhandedness, do not add anything to the amount of resources available. They make some people more prosperous, but only to the extent that they make others poorer.
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.




I agree 100% with this article:

Eyes Wide Shut – UK Hitting the Wall
Eyes Wide Shut – UK Hitting the Wall - Hinde Capital

"The ‘naughties’ was a decade of growth, but this growth was not real. It was not a growth borne out of production from savings, but it was a false growth borne out of rising debt levels. The UK’s seeming prosperity was, and still is, an illusion."

The writing has been on the wall for years and that is why I sold my property in the U.K and invested elsewhere and mostly outside the U.K. You know something is very wrong when every 3rd moron is telling you to buy property because you can't lose.




7,654
 

new_trader

Legendary member
6,181 1,258
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.
German Parliament Approves Fiscal Pact and Euro Bailout Fund

German Parliament Approves Fiscal Pact and Euro Bailout Fund - Bloomberg


Surprise surprise...:sleep::sleep::sleep:




7,733
 

new_trader

Legendary member
6,181 1,258
Ron Paul Hearing on Fractional Reserve Banking.

This hearing, entitled "Fractional Reserve Banking and the Federal Reserve: The Economic Consequences of High-Powered Money," will be held on Thursday, June 28, at 2:00 p.m. in room 2128 of the Rayburn House Office Building.

Hearing June 28 2012 Fractional Reserve Banking - YouTube

"Fractional reserve banking underpins the entire banking system, yet its effects on society are completely ignored. Our financial system consists of vast amounts of credit pyramided on top of very small amounts of real savings-- all backstopped by explicit and implicit government guarantees. This poses significant risks to the stability of the economy and monetary system, which ought to give pause to any serious observer of financial markets. Hopefully this hearing will create a greater understanding among the American people about the nature of the banking system, and begin the movement towards serious systematic reform. The American people deserve a financial system that is stable and efficient; one that operates without taxpayer subsidies and bailouts." - Congressman Ron Paul
 

new_trader

Legendary member
6,181 1,258
Re: Trading Update

Using the principles and techniques I have written about in my journal I was confident enough in my market reading skills to expand my trading into other areas like commodities. I started with small positions (much more than 10p/point though!!) and took a longer term view to prove that my methodology is 100% robust regardless of time horizon. Although I didn’t record the trades here I thought I would give a brief summary.

-Palladium +44% -I regret selling
-Wheat +34% in approx 4 months
-Livestock (break even)
-Silver +67% Approx to date and still holding. Positions were opened with derivates and then rolled over into a physical ETF.
-Gold – Long term although most positions are in profit it is a long term accumulate.

This is all in addition to my longer term investment portfolio which in the last 12 months has outperformed the main indices. These successes have allowed me to have a much more relaxed approach to my trading and the necessary patience and discipline to trade only the most highly profitable and probable indications. I am only interested in being right, at the right time, and making as much money as I can when I am right. I am currently long US$140/point in a trade and hope to build a larger stake before it makes its move. My time horizon on this trade is 6-12 months which makes it more like an investment than a trade.

I continue to trade the ES contract short term as well :)
More and more, the idea of a Gold standard is entering mainstream discussion (y)

Gold vs paper money: Which should we trust more?
BBC News - Gold vs paper money: Which should we trust more?
 

new_trader

Legendary member
6,181 1,258
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.:sleep:



7,884
 

new_trader

Legendary member
6,181 1,258
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

The Bank of England’s 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 Kingdom’s 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.
:sleep::sleep:



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

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


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. (y)
 

new_trader

Legendary member
6,181 1,258
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!!...:LOL::LOL::LOL: