Forum > View Topic (Analytic)
This thread was started in response to the Analytic:
EUR Trade Index 18-Year Chart
Daily EURO chart of 18 years of cyclical developments in finance & politics
BTW, if eur.gbp was left unmanipulated by the eur Money Makers, and resided at .896 where it was just after Starks announcement yesterday, basd on the current gbp price of 1.592, eur would be at 1.4264.
The eur PPT would be better off to just let the darn thing fall so real buyers would come in and provide real support. Instead, they insist on propping eur buy using their Boy Toy eur.gbp. It is blatant now, and I proved it yesterday on the news release regarding the "Sovereign Names".
Wow, we are very close to the same thinking. However, the eur chart is atrocious-that's why I am bearish. I agree, 1.42 may be a buy. But not 1.44.
I 100% agree regarding your comments on NY and Cali. Cali is the 5th largest economy in the world, or something like that, yet all anyone harps on is Greece and Spain. The reason? U.S. Feds would pring a gazillion more greenbacks to support Cali and NY.
You have to admit though it is suspicious when German Retail Sales fall short of expectation, yet it is gbp which gets, well, pounded through the Boy Toy eur.gbp, and eur rises 45 pips?
I am also long usd.jpy, and made a huge hit on the new Finance Minister's statement earlier regarding jpy. It was my largest position.
I short gold on the pops. However, it looks like the momo is gone from Gold after $50 up in three trading days. aud and nzd look toppy, which is very ominous for eur and gbp. The eur Plunge Protection Team better stay on alert and continuosly bid up boy toy eur.gbp to try and keep eur afloat in here.
Look, I know that the EU is in deep sh!t as well but as long as even the US don't want a strong dollar I'd never fight against their printing press.
The US has to refinance $2 trillion of debts within 12 months. Who will buy this debts? China? Japan? They already diversify out of the Dollar and use those levels to sell more. ;) So the FED will buy its own debts again and print more money. The treasury bubble will pop.
Nevertheless that's only my point of view and I could be wrong of course. At the moment I'm long EUR/USD, USD/JPY, AUD/JPY and short Gold and Oil plus DAX. A rather funny mix, mhh?
BTW, your PPT is outdoing itself in blatant support of the eur/usd. They now have eur/gbp to .9017-destroying gbp along the way, but keeping caught eur longs afloat for now.
See ya at 1.42 - you and your blatant Big Boy Money Making manipulators and their boy toy eur.gbp
Hope you took advantage of eur riding the spike of the asd news and shorted it properly. Gold looks long in the tooth, as does asd. Once they pull back, the money makers better get to work on the boy toy eur.gbp ti support eur - long way down from 1.442 to below 1.4.
despite it all, usd.jpy starting its grind higher.
Good trading...
That's interesting & completely unknown to me. This led me to do some googling, and I see:
"...that while Turkey has been the top gold-producing nation in Europe since 2006, its gold production could in fact rise to 38 tons in 2010, making it a global leader in gold production."
Goodness. Could help its case for EU entry, I would have thought!