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Posts by "groove"

6 Posts Total by "groove":
5 Posts by member
groove
(london, United Kingdom)
1 Posts by Anonymous "groove":
groove
london, UK
Posts: 5
12 years ago
Nov 7, 2012 21:08
Sell bonds you know the rule when everyone has bought SELL
groove
london, UK
Posts: 5
12 years ago
Oct 25, 2012 23:17
In Thread: EUR
Ashraf I noticed your a chart man are you bullish on euro fundamentally as well. Also have you taken into account the breakdown in treasuries (notice todays auction) and the yield moving out of its range to the higher side with 3% on the 30 year about to be passed and then fall into the distance.
groove
london, UK
Posts: 5
12 years ago
Oct 25, 2012 23:08
amateur observation. crude on a monthly chart looks like upside since financial crises was nothing more than a prolonged correction before it carries on down. I was an oil bug but the chart speaks for itself. Now I am definitely not a gold bug so I look at gold from a relatively neutral perspective and a little thought at the back of my head keeps saying if gold can't go up in the build up never mind after a dovish fomc whats it going to do on a bad day. Silver has stolen all the gold bugs which is hardly surprising as silver only has to move thirty odd cents for 1% compared to 17 dollars.
The reason for this is it looks to me that in trying to prevent a bad recession for a couple of years Ben Bernanke has got his come uppance at last and his QE (TITANIC) strategy is about to kill the market. BUYING UP BONDS REDUCES LIQUIDITY and benny boy has been buying one too many.
THAT IN MIND BEFORE YOU SELL ANYTHING SOME FEEDBACK ON MY TRADING STRATEGY WOULD BE APPRECIATED.
BUY GOLD - SELL STOCKS (WAS THE OPPOSITE TILL A COUPLE OF WEEKS AGO)
AND FOR ALL YOU GOLDBUGS
BUY SILVER - SELL GOLD TILL GOLD 1800 (IF IT EVER HAPPENS AGAIN) THEN FLIP THEM ROUND
groove
UK
Posted Anonymously
12 years ago
Oct 25, 2012 23:06
amateur observation. crude on a monthly chart looks like upside since financial crises was nothing more than a prolonged correction before it carries on down. I was an oil bug but the chart speaks for itself. Now I am definitely not a gold bug so I look at gold from a relatively neutral perspective and a little thought at the back of my head keeps saying if gold can't go up in the build up never mind after a dovish fomc whats it going to do on a bad day. Silver has stolen all the gold bugs which is hardly surprising as silver only has to move thirty odd cents for 1% compared to 17 dollars.
The reason for this is it looks to me that in trying to prevent a bad recession for a couple of years Ben Bernanke has got his come uppance at last and his QE (TITANIC) strategy is about to kill the market. BUYING UP BONDS REDUCES LIQUIDITY and benny boy has been buying one too many.
THAT IN MIND BEFORE YOU SELL ANYTHING SOME FEEDBACK ON MY TRADING STRATEGY WOULD BE APPRECIATED.
BUY GOLD - SELL STOCKS (WAS THE OPPOSITE TILL A COUPLE OF WEEKS AGO)
AND FOR ALL YOU GOLDBUGS
BUY SILVER - SELL GOLD TILL GOLD 1800 (IF IT EVER HAPPENS AGAIN) THEN FLIP THEM ROUND
groove
london, UK
Posts: 5
12 years ago
Oct 2, 2012 9:19
consumerism can have a powerful deflationary effect. If you look at LCD tv prices, cars, all the things we like to have are constantly manufactured at a quicker rate than can be consumed. Add in whats happening in India where a growing Indian middle class whose taste is alot more refined than just wanting a bit of shiny metal as a gift and you have to face the reality of there is only so much people are prepared to pay for things.
Gold mathmatically looks difficult to invest at these levels (17 dollar gain for 1%) hence such high interest in silver which is why I feel at best gold can plateau or be range (this years) bound but were it not to finish above January high 1762 we could see gold below 1525 next year.
It would make a fine indicator of how naive bernanke is as we are faced to confront the fact that to prevent a 3 - 5 year recession you have to create another great depression
groove
london, UK
Posts: 5
12 years ago
Sep 12, 2012 19:02
In Thread: JPY
ashraf

you have said you see usd jpy heading lower due to dollar weakness however would you agree long term growth prospects plus geopolitical risks for japan with china mean the yen is heading lower against the dollar and probably the euro