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- 323 Results (309 Replies, 14 Comments)
- EricB replied May 22, 2013
On your view in mbs - yes you are right in so much that media is putting that story out there. The real story is that Physical demand increase has led to a shortage of inventories leading Bullions to purchase in large quantities from GLD - by ...
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- EricB replied May 22, 2013
There was never any doubt that purchases would continue. Dudley has just hinted that certain types of purchases might be tapered like mbs. Mbs directly helps banks and direct lending, money which is going into stocks. If mbs is stopped money will ...
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- EricB replied May 22, 2013
Shutting down mortgage back securities would be a positive for Gold.
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- EricB replied May 22, 2013
At the minute nothing. 36 hours ago I committed to longs all the way up to 1405. That was a good call. Cant make a call right now. Its completely unclear. Can go up or down now. Human psychology - fear and greed in play.
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- EricB replied May 22, 2013
I cant tell you how many times in the last 4 years Bernanke has messed up a trading sequence and analysis worked over last several days.
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- EricB replied May 22, 2013
This is a common misconception and propaganda that holders of physical gold are preparing for end of the world. Gold is a very good inflation hedge. Now if the stocks and world economy is doing so well with high dividends then inflation should still ...
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- EricB replied May 22, 2013
Closing longs for now. Bernanke has messed up the uptrend.
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- EricB replied May 22, 2013
I lost out on a couple of late longs as well. Could have been a bigger profit. Lets all try and not make the same mistake again. Have to be careful and watch and see where this is going now.
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- EricB replied May 22, 2013
Closed out some of the positions at 1405. Hope you guys took some profit.
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- EricB replied May 22, 2013
Its a weak indicator. I think its best to rely on PA. There could be surprises ahead. On my Volatility Meter results are mixed still but with slightly more buyers than sellers. What we need is a sentiment change for a true bottom. Blees is at max ...
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- EricB replied May 22, 2013
Everyone makes mistakes. Oil is a difficult instrument to trade on. I would advise you start with something simpler like a currency pair and learn about them thoroughly than get into a complex instrument like USOil or UKOil. I would also close any ...
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- EricB replied May 22, 2013
Sorry to hear about your loss. You must have bought at the top end of the market when it had already moved up quite a bit. $100 is a major resistance. Downside risk remains on technical. You have to watch out for contract expiry date as well.
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- EricB replied May 22, 2013
[QUOTE=EricB;6697194] Ok here are my preliminary thoughts on Cibi's video which was an excellent bit of information that I had completely forgot to incorporate in my analysis: First Scenario 1) The JGB market is going to collapse unless the JGB ...
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- EricB commented May 22, 2013
My thought of the result of Japanese QE which is nothing like US QE: First Scenario 1) The JGB market is going to collapse unless the interest rates are increased. 2) Interest rate increase will be negative for JPY 3) We see this realisation dawn on ...
BOJ Affirms Easing Plan After Biggest Jump in Yields in 5 Years
- EricB replied May 21, 2013
Ok here are my preliminary thoughts on Cibi's video which was an excellent bit of information that I had completely forgot to incorporate in my analysis: First Scenario 1) The JGB market is going to collapse unless the JGB yeilds are increased. 2) ...
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- EricB replied May 21, 2013
Excellent video Cibi and thank you for contributing. It is very interesting. I have started punching in the numbers in my software for the impact of Japanese Yen carry trade on gold. I can tell you now that it definitely was one of the things that ...
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- EricB replied May 21, 2013
In my opinion the divergence in this particular chart comes about when the values of the the underlying asset are removed from their intrinsic attributes resulting in a disequilibrium. So lets look at stocks, the P/E ratio is a little high but not ...
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- EricB replied May 21, 2013
I'll give you a chart. This is a program that does Stock-To-Use Analysis. The light green is Gold/Silver Ratio. The Dark green are stocks. What do you see?
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- EricB replied May 21, 2013
12 hours ago: I hope you guys scalped in the sideways move.
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