It would also behoove one to look at a chart of the Euro. A quite sizeable move is coming imminently. >>
I'm assuming a drop. >>
You got it Perryhall. Got EUO? Euro down 4% in the last week. Now trading just under or on MAJOR support of the 200dma, uptrendline from the June 2010 low and price support of the May and July 2011 lows. Sustained action under 140 leads to 130, in which case the dollar should trade to at least 77, which will then test the resolve of the dollar bears.
Swissy at 1.17. Ouch. Looks like the Swiss citizens have lost their chance at that cheap condo in Miami. Now they be stuck with swampland in Venice.
Yeah, bubbles always look obvious once they're popping and afterwards
No time for rearranging deck chairs around Baleyville; but the scientific symposium in California yielded two stock investments and a private equity venture
Gold stores capital very well, and lately has been growing in value vs. other asset classes and most stocks, not just "storing" but appreciating because it's gains have outpaced inflation by a wide margin (if a goldbug doesn't admit to at least a little "once in a generation metal mania" this time then maybe he's deluding himself a bit)
One should always consider regression toward the long term mean as a possibility, especially for unusual spikes and plummets in a currency or commodity that has a long history
Silver all-time peaked at the equivilent of $800/oz in Europe in the 1400's
I think there is no doubt that gold is the new safehaven. Currencies will rise and fall as central banks manipulate them. Currency traders will continue to profit, or lose, from the moves. Gold continues to reflect the results of the central bank efforts.
Are they really this stupid, or are they destroying the dollar on purpose?
The Swiss capped their currency at 1.20 to the Euro. They said they will not let it raise any higher. Gold was sold off to mitigate the losses in the Swiss trade.
The Swissy got ripped a new one today. Self induced. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
"It's like a man falling from a skyscraper saying that when he hits the ground its really going to hurt and he is going to die... so, therefore, he must not hit the ground. Good luck with that one."
I'm not worried about members of this board, we're a pretty sharp crowd.
its this pervasive "I'm afraid" mentality in the markets that's getting a little old, there's always something to fear and "I'm afraid" it's crippling us as a country
<< <i>I'm not worried about members of this board, we're a pretty sharp crowd.
its this pervasive "I'm afraid" mentality in the markets that's getting a little old, there's always something to fear and "I'm afraid" it's crippling us as a country >>
There's absolutely no leadership from any corner. All the big shots are too busy trying to get a bigger piece of what's left to even think about our problems. There's only a lit- tle more than a year left in Obama's presidency and not one more inner city child can read now than could read three years ago. This is our biggest problem in this country and could be fixed in less than six weeks with draconian action.
<< <i>I'm not worried about members of this board, we're a pretty sharp crowd.
its this pervasive "I'm afraid" mentality in the markets that's getting a little old, there's always something to fear and "I'm afraid" it's crippling us as a country >>
I can agree with you. No sense in worrying about the inevitable collapse of the US $. I'm just keeping long gold and silver and other hard assets. Makes me sleep like a baby.
"Poets are the unacknowledged legislators of the world." PBShelley
Comments
<< <i>1.23 now. Always beware parabolas.
It would also behoove one to look at a chart of the Euro. A quite sizeable move is coming imminently. >>
I'm assuming a drop.
Worry is the interest you pay on a debt you may not owe.
<< <i>
<< <i>1.23 now. Always beware parabolas.
It would also behoove one to look at a chart of the Euro. A quite sizeable move is coming imminently. >>
I'm assuming a drop. >>
You got it Perryhall. Got EUO? Euro down 4% in the last week. Now trading just under or on MAJOR support of the 200dma, uptrendline from the June 2010 low and price support of the May and July 2011 lows. Sustained action under 140 leads to 130, in which case the dollar should trade to at least 77, which will then test the resolve of the dollar bears.
Swissy at 1.17. Ouch. Looks like the Swiss citizens have lost their chance at that cheap condo in Miami. Now they be stuck with swampland in Venice.
Knowledge is the enemy of fear
I knew it would happen.
No time for rearranging deck chairs around Baleyville; but the scientific symposium in California yielded two stock investments and a private equity venture
Gold stores capital very well, and lately has been growing in value vs. other asset classes and most stocks, not just "storing" but appreciating because it's gains have outpaced inflation by a wide margin (if a goldbug doesn't admit to at least a little "once in a generation metal mania" this time then maybe he's deluding himself a bit)
One should always consider regression toward the long term mean as a possibility, especially for unusual spikes and plummets in a currency or commodity that has a long history
Silver all-time peaked at the equivilent of $800/oz in Europe in the 1400's
Liberty: Parent of Science & Industry
Gold continues to reflect the results of the central bank efforts.
Are they really this stupid, or are they destroying the dollar on purpose?
After all, he points out that gold is up 31% already.
Yepper.
I knew it would happen.
The Swissy got ripped a new one today. Self induced. MJ
Swiss cheese today
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
The Swiss Franc Ties Itself To The Collapsing Euro in Double Suicide
Are they really this stupid, or are they destroying the dollar on purpose?
I knew it would happen.
It's getting harder to find a place to hide.
Here's a warning parable for coin collectors...
Is that really the goal in life? to hide?
wrap yourself in bubble wrap and sit still in a chair in the middle of a room...
sure, you'll be "safe", but is that any kind of life? is it healthy and growing?
Liberty: Parent of Science & Industry
I'm talking about what I've earned fiancially and am trying to preserve in the face of institutional manipulations.
Here's a warning parable for coin collectors...
its this pervasive "I'm afraid" mentality in the markets that's getting a little old, there's always something to fear and "I'm afraid" it's crippling us as a country
Liberty: Parent of Science & Industry
<< <i>I'm not worried about members of this board, we're a pretty sharp crowd.
its this pervasive "I'm afraid" mentality in the markets that's getting a little old, there's always something to fear and "I'm afraid" it's crippling us as a country >>
There's absolutely no leadership from any corner. All the big shots are too busy trying
to get a bigger piece of what's left to even think about our problems. There's only a lit-
tle more than a year left in Obama's presidency and not one more inner city child can read
now than could read three years ago. This is our biggest problem in this country and could
be fixed in less than six weeks with draconian action.
They'll wreck the currency now.
<< <i>I'm not worried about members of this board, we're a pretty sharp crowd.
its this pervasive "I'm afraid" mentality in the markets that's getting a little old, there's always something to fear and "I'm afraid" it's crippling us as a country >>
I can agree with you. No sense in worrying about the inevitable collapse of the US $. I'm just keeping long gold and silver and other hard assets. Makes me sleep like a baby.