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Exodus commented Jun 25, 2013Quite right, unless you are buying physical gold as a hedge. Strong USD will push gold down, a hint of inflation will fire it upwards. I still recall that near-plea from a GS trader to long the Euro. Banks are sharks, and we are just the fry.
The 8 Worst Gold Price Predictions We've Ever Heard
- Exodus commented Jun 25, 2013
UJ is consolidating. A drop like that will require more words of idiocy from Abe, or BB.
Draghi: Stable Euro, Strong Europe
- Exodus replied Jun 25, 2013
The beer fund took a loss last week going the wrong way on Cable, not a huge loss, merely disappointing. Today I made 1% going long in UJ, 97.25 -> 98.01. First trade I have made in a while (it seems) so that was uplifting. Still have my other UJ ...
(binned per thread starter's request) The big... IF
- Exodus replied Jun 25, 2013
Today I made 1% going long 97.25 -> 98.01. First trade I have made in a while so that was uplifting. Definitely it seems that Nikkei futures are driving UJ these days. I resort to looking at the Nikkei 225 since I don't know where to find the ...
USD/JPY Discussion
- Exodus replied Jun 25, 2013
Well..... either you are trading with SL or you are not using SL. I think you meant to apply SL at BE when you open your second position.
95% traders go broke, only 5% survive
- Exodus commented Jun 24, 2013
On this no-news day........ Berlusconi goes to jail! Does that knock the situation at all? Italian politics up in the air again. The man gets 7 years (prolly do 2 if he can spin some false rumours about Snowden or something)
EUR/USD Trading in a near-term consolidation range between 1.3077 and 1.3122
- Exodus commented Jun 24, 2013
How much of a dip are you waiting for?
USD/JPY Breaks Above Trendline with 100 in Sight
- Exodus replied Jun 24, 2013
This is the truth, I believe. It took me a year or two to realize that most of the people complaining about their brokers were actually complaining about their own losses. One aspect which does not help is the limelight given to successful traders ...
95% traders go broke, only 5% survive
- Exodus commented Jun 21, 2013
The Fed is re-investing the interest payments received from those bonds. It is buying more bonds with the interest. I see no point in the Fed selling the bonds back into the market at the moment.
US 10s brush 2.50% yield
- Exodus commented Jun 21, 2013
Yay! go Hilsenrath! push the stocks back up!
WSJ's Hilsenrath: Analysis: Overlooked 'Dovish' Signals In Bernanke Press Conference
- Exodus commented Jun 21, 2013
Rule #1: all chinese data is suspect. The people in charge of the economic sections which produce data are expected to show market strength - so the data does just that, it seems. Which means that if the Chinese data shows things not so good - they ...
Greek party quits coalition over state TV debacle
- Exodus commented Jun 21, 2013
....nobody is bothered about Greece anymore. Just wait for civil war.... The latest concern is Brazil, not that Brazil will affect the Euro directly - they have rioting in the streets over corrupt government. A million people out yesterday according ...
Greek party quits coalition over state TV debacle
- Exodus replied Jun 21, 2013
Clarification for theDHT from my earlier post. edit: fixed the link...
USD/JPY Discussion
- Exodus replied Jun 21, 2013
Sorry to be so late replying, ...not paying attention. Here is the chart with mark-up. Cheers image
USD/JPY Discussion
- Exodus commented Jun 21, 2013
No, ..I think Mrs. Kuroda has gone short the Yen!
IMF to Suspend Aid Payments to Greece Unless Bailout Hole Plugged
- Exodus commented Jun 21, 2013
I think not, the reason that gold began its rise was simple panic due to the world-wide collapse of banks and a realisation that maybe nothing was 'safe'. Then speculative trading took over as paper-gold pushed higher. Since the end of last year ...
FOMC Statement
- Exodus replied Jun 21, 2013
Dear Yen Bears (including me), the weekly chart is a good place to look. Here is a little something to think about over the weekend. There is a head and shoulders pattern forming on UJ with neckline at ~94. The final shoulder is forming with a high ...
USD/JPY Discussion
- Exodus commented Jun 20, 2013
No worries, the herd has gone into reverse - that's all. Watch which funds (if you can find out) and wait for the actual US tapering to start. By that time the NAV of those funds will be well above their market pricing and will represent excellent ...
Emerging Markets Crack as $3.9 Trillion Funds Unwind
- Exodus replied Jun 20, 2013
I have been spending too much time looking at the stock market and this is not good for my forex activities. More attention to the charts is required. And so I have re-positioned my portfolio using the Warren Buffet method, which I have been using ...
(binned per thread starter's request) The big... IF