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Posts by "montmorency"

678 Posts Total by "montmorency":
604 Posts by member
montmorency
(Abingdon, United Kingdom)
74 Posts by Anonymous "montmorency":
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 7, 2010 1:09
In Thread: GBP
p.s. I am not aware we have anything quite like Chapter 11.

There was a time when a government bailout would have been a dead cert.

In the present climate, I don't see that as being very likely.
But who knows?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 7, 2010 1:07
In Thread: GBP
I remember interviewing for a sponsored studentship with BP, many, many. many :) years ago :-)

It was regarded as being as safe as the Bank of England in those days.

What a different world.

montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 7, 2010 0:53
In Thread: EUR
@Ashraf: May I ask what are your reasons for the timing on Q1 2011?


@Forum: There seems to be a bit of a forum consensus that EUR/USD may continue to rise to ...1.27, 1.28, maybe 1.30, maybe 1.35, but then over summer or after, it will get smashed down.

Why do people believe this (if they believe it)? Why couldn't it just keep on going up, especially if the news from the US continues to be bad (and where is the good news likely to come from?).





montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 6, 2010 20:15
@Chloe: Well done with your gold shorts (was that in the other thread?). May I ask where you are short from?

I've been flat for some while.
If I were going in at the moment, I really am not sure if I would go short, or wait for another run up and go long. Think I'll stay flat!



Yes, Germany for the cup for the reason stated, plus this team is actually quite good at football!
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 5, 2010 14:55
In passing, congratulations to anyone who managed to capture the ~$40 drop last week.
(Not me I'm afraid).

montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 4, 2010 20:27
In Thread: WorldCup2010
Dirty tricks etc:-

Everyone hates penalty shootouts don't they? Seems so unfair for a 90minute + match to be decided in a few minutes like that.

Why not have a points system analogous to that in boxing?

So you could have maybe points for clear shots at goal (should encourage attacking football).
Plus anything else positive anyone can think of.

Then you could have negative points for offsides, fouls, arguing with the ref., maybe even corner kicks, plus whatever else anyone can think of.

Now there would be an additional incentive for good behaviour.

If there is a draw on goals, then the result is decided on points.

Only in the unlikely event of a points draw would you need a penalty shootout.

Could this work?

If so, could kill two birds with one stone.

montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 4, 2010 11:02
Another interesting blog from Chris Vermuelen: http://www.ashraflaidi.com/forex-blogs/1250/
July 1, 2010 03:59 GMT:

On gold:

"We recently bought gold at $1226 and sold out between $1255-1260 a couple days later because it's not just screaming at me as a great buy. I am not a gold bug, I'm a trader who finds low risk opportunities, gets in and out with maximum profits and minimal draw downs spending most of my time in cash. They way I see things is that there is always another trade just around the corner."


See also what he says about oil and equities.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 3, 2010 23:22
In Thread: WorldCup2010
So Spain is through.

I think Ashraf is right and it is going to be a Germany-Holland final.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 3, 2010 23:21
In Thread: EUR
I don't know the "where", but the "when" will be when it starts moving down again with conviction.
I don't think anyone can yet predict where that will be.

montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 3, 2010 11:25
In Thread: EUR
Just to finish off the point about AUD/USD and the stock market: There is a nice video on Cantos charts about the FTSE. OK, that's just one market, but of course it has a lot in common with the others:
http://www.cantos.com/charts/project/6665/company/BETA%20Group/term/Analysis

(I think you need to be registered (free)).

Basically he (Paddy Osborn) sees a _possible_ 4-500 pip drop in the FTSE, with little confidence in the upside, or of course it could just drift sideways for the summer.