Eric's Big Mac/Gold Index : (470/32)x(135)=1982

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The only thing is Bullion banks and Central Banks are not as interested in manipulating Big Mac prices. Because they dont want it be so cheap so you think its worthless and you stop eating it

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So I have some numbers for you: Cost of Big Mac: 32 Cents in 1977 Cost of Gold in 1977: $135.70 Cost of Big Mac today: $4.70 So if you think gold is as bad for you as a Big Mac whats the minimum you should pay basing the above? Tell me the answer. ...

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It wont happen Raza dont worry. Its a stupid analysis I have been hearing a long time. The economy of the world is fundamentally different as off 2005 onwards. Did they have 3 trillion balance sheets back in the 80's? Its silly to compare the fall ...

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I want to tell you guys something I noticed today as I was listening to Ben Bernanke's testimony to congress. At one point in the interview he said the problems with the drag on economy could be due to fiscal policy rather than monetary laying the ...

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Bugs put stop loss on. I detect bearish bias in PA.

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If history is to repeat the total correction in gold before a crash can be 20% as in 2008. And then it moves upwards after. But unsure if that will happen again.

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I smell a crash coming somewhere. I don't know where. Not talking about Gold here btw. Equities most likely.

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24 hours ago: As predicted yesterday now two minutes ago: url

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Hi Cibi Two things: 1) Also there was disturbing message yesterday that Huge Russian producer of precious metals hedged his gold position first time after years really(50%!). I heard about that but the miner in question Petropavlovsk plc (who has ...

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Thanks for this Cibi - his analysis is very similar to what i have been saying in my posts and I had put a similar graph on COT up as well. The conclusion is however that we don't know what the low could be and that what we need to bet on. One way ...

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On a longer horizon I am bullish for Gold. Short term unclear right now. Lets see what comes up next couple of days.

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No - I'm not buying at this level. No clarity.

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I was joking ofcourse Another tip: Never practice trading on a demo account. Use real money, only then will you learn how to trade. Even worse is when people like me have employees relying on my trading, the pressure is really on as I have to pay ...

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Don't you miss Davidsayli though?

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Always. In God we trust.

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My quote for the day: Don't be a gambler. Be a Trader. Plan, Organise, Strategise, Execute and Learn. Learn every day. And learn most from your mistakes. And answer to Gno's question. Ofcourse the chicken came first

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I think both of you have an extreme view I don't think it can go down to hell I think 1350's still remains a support - though its not a major support yet. I think it still has ability to move above 1410 But I do not have a clear picture, these ...

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The uptrend hasn't been established at all just yet. I was long from 1360 to 1405 until Bernanke, but I never said the trend had changed - the indication was clear that it had to move in that direction. We are technically still in a downtrend, but ...

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On what timescale?

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