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  • #441
  • Aug 6, 2011 1:13pm Aug 6, 2011 1:13pm
Quoting nAVIN2007
dont agree with it at all..the guy is talking rubbish
any particular reason?

beeb
  • #442
  • Aug 6, 2011 1:26pm Aug 6, 2011 1:26pm
Quoting beeb
any particular reason?

beeb
USD is the reserve currency of the world..u have to have it as its needed for trade..what this downgrade has achieved (i think) instability in US economy..stock market shares, people will bailout

and look for cash..everything will go into USD as its liquid and not physical it has value (can be printed at will)
(when money is created theres always a debt, and that debt cannot be repaid as it will is needed for the economy to tick over
gold is physical and therefore to expense..so people will pull out there as well

stocks market will plunge = USD strength

but this is just what i think based on a bit of research..no idea really..lol
  • #443
  • Aug 6, 2011 3:01pm Aug 6, 2011 3:01pm
Quoting nAVIN2007
USD is the reserve currency of the world..u have to have it as its needed for trade..what this downgrade has achieved (i think) instability in US economy..stock market shares, people will bailout

and look for cash..everything will go into USD as its liquid and not physical it has value (can be printed at will)
(when money is created theres always a debt, and that debt cannot be repaid as it will is needed for the economy to tick over
gold is physical and therefore to expense..so people will pull out there as well

stocks market will plunge = USD...

sorry - i can't follow your sentences or logic......

beeb
  • #444
  • Aug 6, 2011 3:23pm Aug 6, 2011 3:23pm
Quoting nAVIN2007
USD is the reserve currency of the world..u have to have it as its needed for trade..what this downgrade has achieved (i think) instability in US economy..stock market shares, people will bailout

and look for cash..everything will go into USD as its liquid and not physical it has value (can be printed at will)
(when money is created theres always a debt, and that debt cannot be repaid as it will is needed for the economy to tick over
gold is physical and therefore to expense..so people will pull out there as well

stocks market will plunge = USD...
Well... Printing USD devalues it, right? People pulling out of paper gold - Yes. Physical gold - not really.

No disrespect but, I basically think exactly the opposite fundamentally.
  • #445
  • Aug 6, 2011 3:44pm Aug 6, 2011 3:44pm
Quoting FXSurfer
Well... Printing USD devalues it, right? People pulling out of paper gold - Yes. Physical gold - not really.

No disrespect but, I basically think exactly the opposite fundamentally.

well..like i said i really havent got a fundamental clue..lol
if it makes completely no sense to u..then im completely off i guess as id expect u to know more..

thx for the reply
  • #446
  • Aug 6, 2011 3:52pm Aug 6, 2011 3:52pm
Quoting nAVIN2007
well..like i said i really havent got a fundamental clue..lol
if it makes completely no sense to u..then im completely off i guess as id expect u to know more..

thx for the reply
Different ideas and opinions are what make the markets and world go round.

I have respect for yours! (I don't know more than anyone... but, thanks for saying so.)

Hope you're having a good weekend!
  • #447
  • Aug 6, 2011 3:58pm Aug 6, 2011 3:58pm
Quoting FXSurfer
Different ideas and opinions are what make the markets and world go round.

I have respect for yours! (I don't know more than anyone... but, thanks for saying so.)

Hope you're having a good weekend!
http://www.henrymakow.com/market_cra..._illusion.html

hopefully this will shed more light on what i was trying to say..but poorly
thats basically the source..have a good week ahead..something to think about i guess

Quoting beeb
sorry - i can't follow your sentences or logic......

beeb

have a look at the above link..maybe make more sense
  • #448
  • Aug 6, 2011 4:17pm Aug 6, 2011 4:17pm
Oanda Gold is rising already, you normally don't see it moving very often during the weekend, normally bombs (or similar) have to explode to see any movements during that time. Euro is rising too btw.
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  • #449
  • Aug 6, 2011 4:40pm Aug 6, 2011 4:40pm
Quoting nAVIN2007
http://www.henrymakow.com/market_cra..._illusion.html

hopefully this will shed more light on what i was trying to say..but poorly
thats basically the source..have a good week ahead..something to think about i guess




have a look at the above link..maybe make more sense

thanks for that but as soon as I saw the word "Illuminati" I stopped reading it........

appreciate your civilized response - doesn't happen enough



beeb

ps bullish fundamentals for gold:
1. Spectre of Inflation
2. Booming money supply
3. Instabilty and fear in markets
  • #450
  • Aug 6, 2011 6:09pm Aug 6, 2011 6:09pm
The risk to gold is that the dollar is going to rise from the dead soon, maybe Tuesday with FOMC. Gap on USD/CHF around .8140-.8160. Currently trading @ .7670.

The political fall-out from the rather belated S&P downgrade (about a year too late and pure theatre, imo) will necessitate a political response. NFP data was unexpectedly good on Friday (very nicely scripted set of stats), Geithner is at Camp David this weekend. When S&P finally moves itself to say the dollar is at risk, this is possibly a good time to buy.

Won't be at all surprised to see FOMC hike rates on Tuesday and gold take a major bath south. Look for dollar support on the Swissy around .7520 (200.0 fib extension), allow for a little overshoot. If the US hikes rates, gold will likely take a major hit.

Take care and good trading to all.
  • #451
  • Aug 6, 2011 7:41pm Aug 6, 2011 7:41pm
Quoting Jade Gate
If the US hikes rates, gold will likely take a major hit.
Why do you think the US will raise rates?

Olu
If you think you can or cannot do it you are correct
  • #452
  • Aug 6, 2011 8:18pm Aug 6, 2011 8:18pm
Quoting Olu
Why do you think the US will raise rates?

Olu
The Fed has been taking a lot of heat from WSJ and other presitigous media on their weak dollar policy. It has run it's course, imo.

The US also just needs the cash from foreign investment to meet its debt obligations. And no more QE. Public won't have it. Raising rates is a very effective means to acquire bucketloads of fresh capital (and inject fresh confidence into the market).

It isn't always about the economics, more it is about the politics. Obama will lose the next election no contest, unless the US does something post haste to show that the Fed's Plan A has been a splendid success.

My 2c.
  • #453
  • Aug 6, 2011 8:30pm Aug 6, 2011 8:30pm
Quoting Jade Gate
The Fed has been taking a lot of heat from WSJ and other presitigous media on their weak dollar policy. It has run it's course, imo.

The US also just needs the cash from foreign investment to meet its debt obligations. And no more QE. Public won't have it. Raising rates is a very effective means to acquire bucketloads of fresh capital (and inject fresh confidence into the market).

It isn't always about the economics, more it is about the politics. Obama will lose the next election no contest, unless the US does something post haste to show...

Good argument Jade. This kind of action needs balls of steel. Bernanke's balls are made of sponge cake. He probably will be looking at QE3,4,5 etc

However in this business one has to be prepared for all eventualities. I am particular about silver and if interest rates go up silver will collapse.



Olu
If you think you can or cannot do it you are correct
  • #454
  • Aug 6, 2011 11:50pm Aug 6, 2011 11:50pm
Quoting Jade Gate
The Fed has been taking a lot of heat from WSJ and other presitigous media on their weak dollar policy. It has run it's course, imo.

The US also just needs the cash from foreign investment to meet its debt obligations. And no more QE. Public won't have it. Raising rates is a very effective means to acquire bucketloads of fresh capital (and inject fresh confidence into the market).

It isn't always about the economics, more it is about the politics. Obama will lose the next election no contest, unless the US does something post haste to show...
I agree from a technical standpoint..usd is definately got a bullish stance looking at charts
  • #455
  • Aug 6, 2011 11:51pm Aug 6, 2011 11:51pm
Quoting beeb
thanks for that but as soon as I saw the word "Illuminati" I stopped reading it........

appreciate your civilized response - doesn't happen enough



beeb

ps bullish fundamentals for gold:
1. Spectre of Inflation
2. Booming money supply
3. Instabilty and fear in markets

yur welcome
  • #456
  • Edited 5:26am Aug 7, 2011 1:49am | Edited 5:26am
Quoting Jade Gate
The risk to gold is that the dollar is going to rise from the dead soon, maybe Tuesday with FOMC. Gap on USD/CHF around .8140-.8160. Currently trading @ .7670.

The political fall-out from the rather belated S&P downgrade (about a year too late and pure theatre, imo) will necessitate a political response. NFP data was unexpectedly good on Friday (very nicely scripted set of stats), Geithner is at Camp David this weekend. When S&P finally moves itself to say the dollar is at risk, this is possibly a good time to buy.

Won't be at all surprised...

I don't disagree that the dollar could well rise. However gold can very easily rise along with it. An US-centric view is perhaps not the only one that there is. Continuing concerns in Europe and the East could certainly cause gold to rise despite dollar strength, with Central Bank purchases providing a solid bedrock on any larger setbacks.

Technically IMHO gold does look overbought on most timeframes (though it can remain so in a bull run) but given current news any retracements are likely to be well bid....

beeb
  • #457
  • Aug 7, 2011 6:09am Aug 7, 2011 6:09am
Quoting beeb
I don't disagree that the dollar could well rise. However gold can very easily rise along with it. An US-centric view is perhaps not the only one that there is. Continuing concerns in Europe and the East could certainly cause gold to rise despite dollar strength, with Central Bank purchases providing a solid bedrock on any larger setbacks.

Technically IMHO gold does look overbought on most timeframes (though it can remain so in a bull run) but given current news any retracements are likely to be well bid....

beeb
that's true, but in such a strong uptrend, a 50 to 100$ retracement might happen without changing the main trend....buying on strenght at these levels looks a bit risky

I am waiting for one or two strong days next week to sell
  • #458
  • Aug 7, 2011 1:24pm Aug 7, 2011 1:24pm
agree with it....
  • #459
  • Aug 7, 2011 6:17pm Aug 7, 2011 6:17pm
Trying a short @ 1684
M15:
Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #460
  • Aug 8, 2011 1:26am Aug 8, 2011 1:26am
Quoting USD-Bear
Trying a short @ 1684
M15:
Attachment
stopped @ 1693
Don't be a hero. Don't have an ego. Always question yourself
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