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michaelpelly commented Feb 20, 2013That Soros is always presented like the mother of all evil :-).
Is George Soros About to Short the British Pound Again?
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michaelpelly commented Feb 20, 2013Well maybe you have a point, but in my case - I've made most of my profits from the gold last 2 years. Yes, spreads are crappy but it is far more predictable than hugely manipulated currency pairs.
Gold: Death cross triggering additional selling and nervousness
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michaelpelly commented Feb 20, 2013And I still do not understand why gold speculators are called "investors" in all articles...
Gold: Death cross triggering additional selling and nervousness
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michaelpelly commented Feb 20, 2013I've been saying it from 5 weeks - gold will reach 1525 - 35 support zone until end of February 2013 :-). Guess I am the pundit this time :-)))
Gold: Death cross triggering additional selling and nervousness
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michaelpelly commented Feb 20, 2013See - they even defined the range ;-).
Merkel: Euro at $1.30 to $1.40 is normal range
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michaelpelly commented Feb 20, 2013Well, it was about time market to decide that "abenomics" will not work.
Tight-fisted Japan firms deal blow to Abe's revival plan - Reuters survey
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michaelpelly commented Feb 19, 2013I'm still not convinced it will break 1.5522 - 1.5536 support zone...
Hearing rumours that UK is going to be downgraded after today's mkt close
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michaelpelly commented Feb 19, 2013GBP/USD is pretty close to the support - I would not sell at this point - more likely wait for buy signal...
Hearing rumours that UK is going to be downgraded after today's mkt close
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michaelpelly commented Feb 19, 2013Yeah right - make people to sell GBP/USD, so you can hunt stop losses at will ;-). No way...
Hearing rumours that UK is going to be downgraded after today's mkt close
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michaelpelly commented Feb 18, 2013Again the italiani "artista" will perform :-). Everything this man is saying is just promises and nothing more - they just kick the can down the road over and over - until Greece or Spain tear-up with civil war.
Draghi to appear before monetary committee of EU Parliament
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michaelpelly commented Feb 18, 2013Don't think so - maybe in 2-3 months it will, but these days - testing 1525 support is far more likely.
Gold – Bearish breakout of the key support at 1626
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michaelpelly commented Feb 18, 2013Exactly - is this news - it is not even in the 1.5360 - 1.5220 support area...
Cable pops 1.5450..
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michaelpelly commented Feb 18, 2013Or he has just good vision what the future money will be alike and move ahead of the crowds...
Carney may move the UK to plastic cash
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michaelpelly commented Feb 16, 2013You can bet that the "right" report will come at the "right" time for the gold to swing
. Just like when BoJ wanted to tamper the yen devaluation just before G7/G20 meetings - they had Aso say couple of non-sense and suddenly - correction. All ...Gold Bugs Watch Out: Warning Signs Pile Up
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michaelpelly commented Feb 16, 2013Well, finding a reason for a balloon to inflate is not a straight-forward task. I usually avoid to buy when something gets on TV and start to arm my short orders :-).
After decent rally, perhaps time for a pause
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michaelpelly commented Feb 16, 2013Well, we will see - if price end more than 1610 next week - maybe some ranging will occur. But if not - welcome 1535-25 support area :-).
Gold Bugs Watch Out: Warning Signs Pile Up
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michaelpelly commented Feb 16, 2013I just love the "prominent investors..." phrase :-). Like gold is an investment instrument, not a purely speculative commodity with "money storage" sentiment attached to it. When storage is no needed anymore (usually if trend is to go low or ...
Gold Bugs Watch Out: Warning Signs Pile Up
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michaelpelly commented Feb 16, 2013Better focus hop on good heavy long position if price breaches $1550 - this might happen very, very soon.
Gold Bugs Watch Out: Warning Signs Pile Up
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michaelpelly commented Feb 16, 2013I remember Goldman Sachs with their pundit "appeal" here how XAU/USD will break $1800 second half of Feb-2013. Seems someone had bad positions to fix-up. Total BS.
Get Out of Long Bonds: Top Manager
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michaelpelly commented Feb 16, 2013Well, in long term view - the money printing basically reduces the spending and buying abilities of the middle class further and further. But given the fact, that most western nations consume too much and in too unwise ways - there is still much ...
Bernanke Says Economy Far From Recovering Full Strength