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Gold

Quoting Zebi
{quote} {quote} you all know how bullish i am the dollar LOL...im so proud of my currency the point im making is a usa shutdown is boolish for the dollar...i gave a few examples in the posts im quoting abbove...you all can do more indepth research if you want... but i guess a THREAT OF A SHUTDOWN is boolish too LOL my dollar charts from the 22nd were signalling sells for a retrace but the dollar just kept on going...thats not healthy to have such a parabolic rise on the weekly... so that and bones 3 black crows at a support level reasons...
i made a post about it yesterday in cable thread LOL

my 1st target of 107 gona get hit i just didnt think this soon LOL

thought a retrace first but the dollar will prolly go to 114 sometime in bidens second term cause democrats are good for the dollar

heres my original chart i made to an irc chatroom when biden got elected


but even tho i got the dollars longterm direction right i still had losing trades trying to time retracements LOL
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stay with the 5% contrarians not the 95% losers
Quoting Zebi
{quote} i made a post about it yesterday in cable thread LOL my 1st target of 107 gona get hit i just didnt think this soon LOL thought a retrace first but the dollar will prolly go to 114 sometime in bidens second term cause democrats are good for the dollar heres my original chart i made to an irc chatroom when biden got elected but even tho i got the dollars longterm direction right i still had losing trades trying to time retracements LOL {image}
Wouldn't that mean Democrats are bad for the US and the world if it causes a rush to the dollar safe haven?
Quoting MrFanciful
{quote} Wouldn't that mean Democrats are bad for the US and the world if it causes a rush to the dollar safe haven?

idiot republicans only want lowering taxes so thats why the dollar falls when they in charge

clinton raised taxes and look what happened
stay with the 5% contrarians not the 95% losers
Quoting SFundamental
In futures (GC) lots of puts at 1900. This level likely to get get defended. Option writers though still bearish
Small effort to defend - but gold still drops.
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No macro - no trade
Quoting MrFanciful
{quote} Wouldn't that mean Democrats are bad for the US and the world if it causes a rush to the dollar safe haven?

thats why the people you listen to about usa debt are wrong....when the dems win again with biden theyll raise taxes cause the only reason my country is turning into a shithole is republicans love giving thr rich tax cuts

your liz truss tried that last year and you know what happened to the pound that september....and took the whole world to save her and your countries behind
stay with the 5% contrarians not the 95% losers
OK In my opinion spot gold will take a breather at least till tomorrow . Been straight 11 1 hour bars down. Straight 13 bar declines very rarely occur.
For the record: September 2011 H $1920 L $1532, declined $388
and April 2013 H $1603 L $1321 , declined $282 but closed $1475 up $154.
These were perhaps extreme moves however the point is that they can happen .
Hypothetically a drop of $388 from this months H $1952 would bring us to $1564. It won't happen markets repeat themselves but not in the self same way .
Now they are trying to get everyone to buy in so they can collect triple swap...
Okay it's going up now, just as i entered a sell. Tf happened? T_T
Quoting Zebi
{quote} thats why the people you listen to about usa debt are wrong....when the dems win again with biden theyll raise taxes cause the only reason my country is turning into a shithole is republicans love giving thr rich tax cuts your liz truss tried that last year and you know what happened to the pound that september....and took the whole world to save her and your countries behind
In the UK, the Gilt crisis started happening about a week before her mini budget because the BoE sold loads of the gilts to raise the yields. Bought them back afterwards.

Have to admit though, I'm kind of a fan of keeping the money I earn instead of forcibly extracted under the threat of violence giving it to the 1 in 5 people on out-of-work benefits here. We have a massive productivity problem here because taxes are too high and benefits are too high so there isn't an incentive to go out and get a job. So more people are dropping out of work and the ones staying in are doing fewer hours. As a result, even though tax rates are going up, tax revenues are falling. That leads to more borrowing at higher interest rates which leads to higher deficits.

If I was American, I wouldn't vote republican either. They are two cheeks of the same arse. I'd be independent. I'm a libertarian in the traditional English sense of the word. You have the right to do anything you want up to the point where you infringe on the rights of others to do as they please. The governments role is to simply guarantee that right.
Quoting ghostx017
Okay it's going up now, just as i entered a sell. Tf happened? T_T

USD Index has been falling a bit, lol same thing just happened to me, i got a small loss but all week have been taking heavy hits lol
Quoting onesks
{quote} USD Index has been falling a bit, lol same thing just happened to me, i got a small loss but all week have been taking heavy hits lol
Same but every small loss looks big now because of the losses i took in last 2 days lol
Quoting ghostx017
{quote} Same but every small loss looks big now because of the losses i took in last 2 days lol
im in the same exact boat lol, im new to trading at the moment so im trading with small lots, that way i dont lose heavy amounts of money and can slowly build my account, slowly doing better and better plays When gold dropped heavy on Monday i lost about 8 Euros haha.

Gold is starting to dip again, hopefully continues through for us =)
I was doing same thing for the last 4 months,maximum 0.20 Lots, and builded account from 1.3k to 6k , and today i opened for the first time 1 lot and i was wiped complety in a few hours,this is it...lesson learned..
Possible purchases.
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Quoting Zebi
{quote} idiot republicans only want lowering taxes so thats why the dollar falls when they in charge clinton raised taxes and look what happened

Well, as my friends say, If Republicans would came, everything would be much better than right now.
Lots of issues with those Democrats in charge..
New laws, when being asked, they cannot even understand what those laws mean,but they keep them pushing Many funny situations.
Why democrats are still winning, is only Cause Republicans wants to spend less abroad, and Tax the Rich by shutting down main loop whole in theyr system .
Why Rich getting richer? Cause they can reinvest and wont be needed to pay millions of tax money.
Simple and funniest scheme.
Consistency will bring everything...Be good.
Quoting SkullCandy
{quote} Well, as my friends say, If Republicans would came, everything would be much better than right now. Lots of issues with those Democrats in charge.. New laws, when being asked, they cannot even understand what those laws mean,but they keep them pushing Many funny situations. Why democrats are still winning, is only Cause Republicans wants to spend less abroad, and Tax the Rich by shutting down main loop whole in theyr system . Why Rich getting richer? Cause they can reinvest and wont be needed to pay millions of tax money. Simple and...
Buy @1876.72
Quoting genadi
{quote} Buy @1876.72
I caught a bit at better price.
Maybe will remove tp, dont know. Will not have time to trade till Friday evening,so will try my luck with moving TP more up, after London will decide
Trade safe Comrade
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Consistency will bring everything...Be good.
Quoting SkullCandy
{quote} I caught a bit at better price. Maybe will remove tp, dont know. Will not have time to trade till Friday evening,so will try my luck with moving TP more up, after London will decide Trade safe Comrade {image}
Keep the tight SL because SL hunting is not done yet.
Love for all; Hatred for none.
Long 1877.16 for 1887.00
Quoting SkullCandy
{quote} Well, as my friends say, If Republicans would came, everything would be much better than right now. Lots of issues with those Democrats in charge.. New laws, when being asked, they cannot even understand what those laws mean,but they keep them pushing Many funny situations. Why democrats are still winning, is only Cause Republicans wants to spend less abroad, and Tax the Rich by shutting down main loop whole in theyr system . Why Rich getting richer? Cause they can reinvest and wont be needed to pay millions of tax money. Simple and...

im not the only one who thinks reps are idiots LOL

people in their party think so too

https://www.theguardian.com/us-news/...hutdown-lawler

Past shutdowns – most recently in 2013, 2018 and 2019 – have been stoked by Republican hardliners in Congress but have not paid off politically. The most recent closure was prompted by Donald Trump, then president, over immigration policy. The Congressional Budget Office put the cost of the 35-day shutdown at about $18bn and said $3bn was wiped off US GDP.
Nonetheless, Trump is now backing a shutdown again and on Wednesday Bob Good of Virginia, a hard-right holdout, told reporters McCarthy had said he would not allow a vote on the stopgap measure reached by senators the day before.

from that article


the thing is reps dont stand a chance in the next election...abortion is a bigger issue with us than immigration. the right wing trump loving lunatic fringe doesnt have the votes to change anything..they represent about 30% of the republican party and if youre on top of trump news the noose is tightening around his neck...he just lost a fraud civil case... https://www.theguardian.com/us-news/...reaction-fraud

why his lawyers chose a trial by judge instead of jury is anyones guess LOL...

so the maga crowd in office is doing everything they can to mess things up cause they know theyre not getting reelected so thats why this shutdown drama
stay with the 5% contrarians not the 95% losers
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