FishingwithJesse

Folks, It smells different! USD/JPN : $92.50 (Prices Reach The Highest Level Since Last October!) EUR/USD: $1.3940 ( NO $1.2500?)

Folks, Building Causes to $1250 GOLD Stay with your game, I bought UNG , SLV today ( I have too many GOLD COIN! ) BTY , OIL $59 (SUPPORT ) WATCH OUT ! Good Night

This song is simply beatiful... Good Night! From: News.... Yuan Deposes Dollar on China’s Border in Sign of Trade’s Future By Bloomberg News July 8 (Bloomberg) -- Huang Xinyuan, who sells mining equipment and pesticides to customers across China’s border with Vietnam, says he no longer wants payment in U.S. dollars and prefers the yuan. Sales using the greenback at Guangxi Jinbei Group, where Huang is vice president, dropped to 30 percent of contracts in 2008 from 87 percent in 2007. The yuan, which has gained 21 percent since it was allowed to strengthen against the dollar starting in 2005, offers greater stability, he said. “In recent years, the dollar has gone in only one direction and that is down,” said Huang, 45, in his second- floor office in Pingxiang, a town set amongst karst limestone hills and sugar-cane fields in China’s southwest Guangxi Zhuang Autonomous Region, three kilometers (1.9 miles) from Vietnam. “Settling our orders in yuan removes a major risk.” China expanded yuan settlement agreements last week from border zones to its largest financial centers, including Shanghai, Guangzhou and Hong Kong. The program is being rolled out across Malaysia, Indonesia, Brazil and Russia, all nations seeking to reduce the dollar’s role as the linchpin of world finance and trade. The central bank first brought up the concept of a supranational currency to replace the greenback in reserves in March. It will sponsor use of the yuan in trade by arranging export tax rebates. Russia and India said the global financial crisis had highlighted the dollar’s flaws and called for a debate before the Group of Eight leaders meet in L’Aquila, Italy, starting today. http://www.bloomberg.com/apps/news?pid=206...id=aTfv_xVi9efw

Can you spell "Rejection" !! EUR/USD

"LAW OF CAUSE AND EFFECT" I LOVE IT! Trader Adam Hewison looks at the same pattern in a new video and comes to the same conclusions I do … From:

You may be right! But, "I'm Bullish on Gold, and tight Trailing stop on AAPL" As for overall risk aversion, the Foreign exchange market is dependent on equities and commodities. If they fall for whatever reason, the us dollar rate immediately gets the benefit. It may be tiresome to keep reminding, "but remember that these intermarket correlations are unreliable". They are strongest when conditions are panicky and uncertainty is high, but they tend to fall apart when one group gets a grip. Part of the current problem is that Foreign Exchange volumes have been low of late. This raises the opportunity for a single player to have undue influence.

THE TAPE TELLS THE STORY !...KNOWLEDGE WILL GIVE YOU AN EDGE !! Last Updated: July 3, 2009 18:00 EDT India Joins Russia, China in Questioning U.S. Dollar Dominance By Mark Deen and Isabelle Mas July 4 (Bloomberg) -- Suresh Tendulkar, an economic adviser to Indian Prime Minister Manmohan Singh, said he is urging the government to diversify its $264.6 billion foreign-exchange reserves and hold fewer dollars. “The major part of Indian reserves are in dollars -- that is something that’s a problem for us,” Tendulkar, chairman of the Prime Minister’s Economic Advisory Council, said in an interview yesterday in Aix-en-Provence, France, where he was attending an economic conference. Singh is preparing to join leaders from the Group of Eight industrialized nations -- the U.S., Japan, Germany, Britain, France, Italy, Canada and Russia -- at a summit in Italy next week which is due to tackle the global economy. China and Brazil will also send representative to the summit. As the talks have neared, China and Russia have stepped up calls for a rethink of how global currency reserves are composed and managed, underlining a power shift to emerging markets from the developed nations that spawned the financial crisis. “There should be a system to maintain the stability of the major reserve currencies,” Former Chinese Vice Premier Zeng Peiyan said in a speech in Beijing yesterday, highlighting China’s concerns about a global financial system dominated by the dollar. Fiscal and current-account deficits must be supervised as “your currency is likely to become my problem,” said Zeng, who is now the head of a research center under the government’s top economic planning agency. The People’s Bank of China said June 26 that the International Monetary Fund should manage more of members’ reserves. Russian Proposals Russian President Dmitry Medvedev has repeatedly called for creating a mix of regional reserve currencies as part of the drive to address the global financial crisis, while questioning the dollar’s future as a global reserve currency. Russia’s proposals for the Group of 20 major developed and developing nations summit in London in April included the creation of a supranational currency. “We will resume” talks on the supranational currency proposal at the G-8 summit in L’Aquila on July 8-10, Medvedev aide Sergei Prikhodko told reporters in Moscow yesterday. Singh adviser Tendulkar said that big dollar holders face a “prisoner’s dilemma” in terms of managing their holdings. “That’s why I’m telling them to do this,” he said. He also said that world currencies need to adjust to help unwind trade imbalances that have contributed to the global financial crisis. “The major imbalances which led to the current situation, the current account surpluses and deficits, have to be addressed,” he said. “Currency adjustment is one thing that suggests itself.” Emerging-Market Dependence For all the complaints about the dollar, emerging markets such as India remain dependent on the currency of the U.S., the world’s largest economy and a $2.5 trillion export market. The IMF said June 30 that the share of dollars in global foreign- exchange reserves increased to 65 percent in the first three months of this year, the highest since 2007. Tendulkar said that the matter needs to be taken up in international talks, and that it emphasizes the need for those talks to go beyond the traditional G-8. “They can meet if they want to,” he said. “The G-20 has a wider role, has representation of the countries that are likely to lead the recovery process.” To contact the reporters on this story: Mark Deen in Aix en Provence, France at markdeen@bloomberg.net; Isabelle Mas in Aix en Provence, France at imas2@bloomberg.net. http://www.bloomberg.com/apps/news?pid=206...id=aR7yfqUwTb4M

BTY : "STOCHASTICS" is a Momentum Oscillator The momentum oscillator measures the velocity of directional price movement. Momentum always changes direction (Trend) befor price. Like DIVERGENCE ..

It's all up to $USD ... nothing else matters! Just My Thought !

There's a different dance to dance everyday !

NICE CHART ! It's down trend ....LOWER HIGHT AND LOWER LOWS ! NICE AND SIMPLE!

ya gotta learn to play it right. You got to know when to hold em, know when to fold em, Know when to walk away and know when to run. Don't forget : LAW OF CAUSE AND EFFECT ! "BIG CAUSE = BIG EFFECT" GOLD : $1240 USD = $71 FOLKS, Again, "TRUST YOURSELF " Have a Good weekend !

PRICE OBJECT = $1240

PRICE OBJECT = $71

BTY, Decision-Making in Business : "use of probability" Let's see...... (May 2, 2008) As recently as ten days ago, on April 22, the US Dollar index was down to a close of 71.54 points, a mere 0.24 points above its all time low set back in mid March (when Gold hit $US 1000). The Euro was at all time highs of $US 1.60. Oil prices had hit $US 120. And food prices (notably grain prices) had gone ballistic ballistic. Gold, however, was in the throes of a second big sell-off, having broken back below the $US 900 level. Last week, Gold tumbled $US 35.00 on April 23-24. This week, Gold tumbled almost $Us 45.00 between April 29 and May 1. And right in the middle of that, of course, came the FOMC meeting and the announcement of another Fed rate cut. But this time, the cut was only 0.25 percent. The 0.25 percent cut was expected. Last week, we reported that the Fed is expected to ease off on its rate cuts and start to target "inflation". This expectation hit a crescendo with the rate cut itself. As a result, the US Dollar rallied. US stock markets rebounded much closer to the levels at which they started the year. And Gold kept on going down. At it's May 2 intraday low of $Us 846, Gold had given up all but $Us 6.00 of its 2008 gains to date. The close on the day was $Us 858.00 At any rate, at its close of $Us 887.20 on April 25, Gold is now nearly back to its post $US 1000 low of $US 882.90 set on April 1. (May 9, 2008) the $US Gold price has recovered this week, closing at $US 885.80 - its highest closing level since April 28 - On May 9. Volatility is increasing too. On May 9, for example, the intraday low saw Gold all the way down to $US 871 (the London PM fix was $US 876) before the rebound. (May 16, 2008) Gold trading in the US on May 16 was "gap up" on all the daily bar charts - see the daily chart below. By the time that trading opened in New York on the day, Gold was already $US 16.00 higher than its closing level on the previous day. That's something we have not seen for a while. (May 23, 2008) Last week, Gold surged off a low of $US 866 on the day that the latest US CPI figures were released, to be greeted with a mixture of open-mouthed astonishment and contemptuous derision. This week Gold surged to just over $US 930 in intraday trading on May 21 before falling back on May 22 and then recovering to close the week at $US 925.90 - spot future close - on May 23. Between March 17 and late April, Gold fell from $US 1004 to $US 851. At its current close, just about exactly half of those losses have now been recovered. MAY DAY !!!!!!!!!

keep going budd! good job

This is a classic "Head and Shoulders" formation happening as we speak with GLD. Keep an eye on it! **Expansion Theory A to B = C to D = $113 GLD Just My thought!

New reserve currency could come quickly-Stiglitz Thu Mar 26, 2009 5:10pm EDT By Louis Charbonneau UNITED NATIONS, March 26 (Reuters) - A reserve currency system based on an IMF unit instead of the U.S. dollar, a proposal floated by China, could be phased in within a year, Nobel Prize-winning economist Joseph Stiglitz said on Thursday. Stiglitz, a Columbia University economics professor who heads a U.N. expert panel analyzing the financial crisis and recommending reforms, addressed an issue that became a hot topic this week. Asked at a news conference when the International Monetary Fund's Special Drawing Rights (SDR) could replace the dollar as the top reserve unit, Stiglitz replied, "It could begin to be phased in next year. He said the system could be phased in within 12 months. "Realistically, I don't think it'll happen that fast," Stiglitz said. One of the main issues left to be worked out is how the SDRs would be allocated, he said. The reserve currency topic is expected to come up at next Thursday's London summit meeting of the Group of 20 big developed and developing nations on the financial crisis. Stiglitz's panel has issued a set of recommendations for global financial reforms, including a proposal for a new SDR-based reserve system. In an 18-page report released on Thursday, the panel said such a system "could contribute to global stability, economic strength, and global equity." The panel said such an SDR system would be "feasible, non-inflationary, and could be easily implemented." Russia earlier this month proposed creating a new reserve currency, to be issued by international financial institutions. This week, China outlined how SDRs could take over the dollar's role as the global reserve unit. For details, see [iD:nPEK257817]. On Wednesday, U.S. Treasury Secretary Timothy Geithner said the dollar would remain the top reserve currency but expressed openness to the expanded use of SDRs. [iD:nN26446657] 'DEFLATIONARY, UNSTABLE, UNFAIR' Stiglitz said there was a "growing consensus that there are problems with the dollar reserve system." He added that economists have been discussing the weaknesses of single-currency reserve systems for decades. "One of the problems (with single currency reserves) is that because of the huge level of volatility, countries are accumulating large amounts of reserves," he said. The use of dollar reserves was also "contributing to the weakness of the global economy," the former World Bank chief economist said. http://www.reuters.com/article/marketsNews...650403720090326

Fed bought $7.5 billion in Treasurys in first operation By Deborah Levine Last update: 11:15 a.m. EDT March 25, 2009 NEW YORK (MarketWatch) - The Federal Reserve Bank of New York bought $7.5 billion in Treasurys on Wednesday. It's the first such operation since the central bank announced last week that it intends to buy $300 billion in Treasury securities to help improve conditions in private credit markets and spur lending. The debt bought Wednesday included notes maturing between 2016 and 2019. Dealers submitted $21.9 billion in debt to be purchased. The Fed said Tuesday its next batch of purchases, of debt maturing in two to three years, will take place on Friday. Other maturities are slated to be bought next week. http://www.marketwatch.com/news/story/Fed-...p;dist=hplatest

As long as a stock, Gold , commodites .. is acting right , and the maket is right do not be in a hury to take a profit. You know you are right, because if you were not, you wuld have NO PROFIT at all. Let it ride and ride along with it. It may grow into a very large profit, and as long as the action of the market does not give you any cause to worry, have the courage of your conviction and stay with it. ~Jesse Livermore UP on heavy volumes / Down on light volumes

I had bought the bulk of my Gold coins. ..... 7years ago at $310 x 370 (Eagle , Maple) never traded ! One of the best investment so far! ... I don't even look at it ...

It breaks my heart to see this happening to these people. Gold For Bread - Zimbabwe - today's Video of the Day http://www.youtube.com/watch?v=7ubJp6rmUYM

Reinflating the housing bubble, are we? 'SLEEPLESS' NIGHTS IN BEIJING? The meat of the Fed’s statement follows with emphasis added: “In these circumstances, the Federal Reserve will employ all available tools to promote economic recovery and to preserve price stability. The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and anticipates that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period. To provide greater support to mortgage lending and housing markets, the Committee decided today to increase the size of the Federal Reserve’s balance sheet further by purchasing up to an additional $750 billion of agency mortgage-backed securities, bringing its total purchases of these securities to up to $1.25 trillion this year, and to increase its purchases of agency debt this year by up to $100 billion to a total of up to $200 billion. Moreover, to help improve conditions in private credit markets, the Committee decided to purchase up to $300 billion of longer-term Treasury securities over the next six months. The Federal Reserve has launched the Term Asset-Backed Securities Loan Facility to facilitate the extension of credit to households and small businesses and anticipates that the range of eligible collateral for this facility is likely to be expanded to include other financial assets.”