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Pip Anon commented Nov 3, 2013OK, and I never said he was wrong necessarily. I said for the last year this was all Fed induced. What my concern is, he thinks gold is the end all be all. I would think for the dollar to collapse it would be a damn near apocalypse. And by that time ...
Gold bug Schiff counters Goldman Sachs on first drop since 2000
- Pip Anon commented Nov 3, 2013
I fully agree to that statement. People don't realize where the economy would be without the massive QE even though it will hurt in the long-run. The lack of fiscal policy is draining any optimism. QE will never, ever pull a country out of ...
Fed's Fisher says U.S. government bears blame for slow recovery
- Pip Anon commented Nov 3, 2013
True. I would suspend a little rally prior to release being that it's already 200+ down.
Stay Short EUR/USD Into ECB; Tighten Stops To Cost - Credit Agricole
- Pip Anon commented Nov 3, 2013
Well it's like Harry Dent. Last year he said DOW 3,300. That didn't have, so now it's this year. Greenspan said something that makes total since, basically those that think they know what will happen are full of themselves because forecasting the ...
Gold bug Schiff counters Goldman Sachs on first drop since 2000
- Pip Anon commented Nov 3, 2013
Being early is the same as being wrong. Guys like Shift has said gold $2-2,500/oz. for years. The thing is, unless SHTF it's going to trade like it's been trading.
Gold bug Schiff counters Goldman Sachs on first drop since 2000
- Pip Anon replied Nov 2, 2013
Yes, exactly. (previous post made prior to reading this one)
"The Slow Turtle"(Dennis VS Eckhardt) Famous Strategy
- Pip Anon replied Nov 2, 2013
Lol very true. I don't know if this is the "real" turtle system it seems to be simpler in nature.. From what I read from Curtis Faith, if I remember correctly, there were two systems. The 22 was the short term, the 55 was a long term. New highs were ...
"The Slow Turtle"(Dennis VS Eckhardt) Famous Strategy
- Pip Anon replied Nov 1, 2013
Someone always trying to one up me :-p We'll see if that momentum stays strong. IMO I see nice PA support at 1.3414 and than 1.34 being "psychological" If it blasts and closes below 1.3414 I think 1.335 could be a good secondary target for sure Last ...
EURUSD
- Pip Anon replied Nov 1, 2013
Oh yea, for sure. Aussie was another top has was fairly easy to pickout. ,93 is possible too.
EURUSD
- Pip Anon commented Nov 1, 2013
There is also records showing that the CIA misled Bush. And if anyone knew Sadaam's history, he was heavy into chem weapons in the mid-80s early 90s. His single goal was to be the most powerful Arab nation. Also, it was suspected that chem weapons ...
Did the Fed just say December?
- Pip Anon replied Nov 1, 2013
This is the age of globalization. Nothing is isolated. However, when the US economy is in the dumps exporting countries hurt because the US is a net importer, vice versa. So, has anyone joined me in the road to 1.34? As soon as it broke support, it ...
EURUSD
- Pip Anon replied Oct 31, 2013
Lol see the great thing about knowing what you are doing is you don't care what others think. I said 1.3950 only if 1.3841 was broken and it wasn't. It traded back down to 1.38 and hung out to say hello to some stop-losses. At that point, momentum ...
EURUSD
- Pip Anon replied Oct 31, 2013
True, it's massive. But that's typical eurodollar. It does that. It gets overextended and corrects hard. All that was needs was a reason to top it. Euro drops are epic and usually easy to point out because PA hovers key levels for days it seems. It ...
EURUSD
- Pip Anon replied Oct 31, 2013
I guess it was the Chi PMI, but the inflation and unemployment doesn't help. When you inflate a pair you deflate it pretty quickly. What I find interesting tho is the Chi PMI. There is no hiring to speak of and manufacturing is not hiring and demand ...
EURUSD
- Pip Anon replied Oct 31, 2013
Euro traders having a liquidation sale, and apparently everything must go lol
EURUSD
- Pip Anon replied Oct 31, 2013
I think a lot of these calls are like the "prophets" that say the apocalypse is around the corner. The world will end 12/12, I mean 10/13 I mean, I mean.... I think recession is a possibility, and potentially another 2008/9, but how is anyone ever ...
All Majors and Gold
- Pip Anon replied Oct 31, 2013
Both. The bearishness is fundamental but I create targets via technicals depending on the fundamentals. I joke w my trading buddies that Goldman and MS copied me because I established my target in May-June (they may have had a similar target ...
All Majors and Gold
- Pip Anon replied Oct 31, 2013
I been holding my incredibly bearish gold target of 1,038 by the first quarter of 2014. It seems to being still in place. I noticed a lot of gold traders positioned themselves for a move up to $1,420, but given the fundamentals nothing indicated ...
All Majors and Gold
- Pip Anon commented Oct 31, 2013
Global deflation on lack of growth and demand....
Euro area annual inflation down to 0.7%