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gwizzie

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Posts posted by gwizzie

  1. Latest musings from Jack Crooks

    FX Trading – Gold not shining lately…hmmm

    Gold bugs call your office! As gold goes so goes the dollar in the opposite direction? That is what we’ve been seeing lately. Today, gold is sharply lower at the moment and trading below its 200-day and 28-day moving averages. Notice the classic lower highs and lower lows on the chart

     

    We continue to believe the markdown in growth out of China is key to the future path of gold. With our agnostic gaze, we view gold primarily as a liquidity-driven risk appetite asset.

    Whenever we say that, we are told gold is much more; it’s a safe haven and a substitute for the ugly fiat currencies (we agree paper currencies are very ugly). But…

    How much more stimulus is possible to pump out and cheapen paper currency the world over? How much closer can we get to all out war in the Middle East? How much more dangerous can the Pakistan-India on-going quagmire become? How much have the probabilities increased for social unrest in China and the potential it has to destabilize all kinds of stuff? We guess things could get much worse, no doubt. But yikes! This is nasty stuff on the horizon that we can verbalize and begin see taking shape. Yet the supposed supreme safe haven—gold—continues to fade on all this stuff.

    Aren’t asset markets supposed to price in these expectations? Is anyone expecting these areas to improve anytime soon? Not that we’ve seen. Gold bugs have gotten exactly what they have wanted and the yellow metal keeps fading.

    So, gold bugs (and that includes you Dad if you are reading) it’s time to call your office!

    Jack Crooks Black Swan Capital LLC

     

  2. "LETS PRINT MORE MONEY" - front page main headlines on the Daily Mail tomorrow. Similar headlines to be in The Times and other national newspapers.

     

    Deflationists take note!!!!!!!

     

    Mish sums it up well in the CWR podcast. The biggest contributor to the money supply has been/ is credit. Compare what is being created with the net change over the past couple of years of the mortgage market and it looks like a drop in the ocean

  3. wow...i have a lot to catch up with.

     

    Great stuff btw (re:diary) Drb

     

    If Gld is to break that most recent high (circa 920) the volume would have to triple to 50-60m wouldnt it?

     

    I have a stop at 832. If it gets that far down i'll have to re-evaluate

  4. Two very tradable scenarios i'm looking at the moment, lets see how they play out

     

    gold171208up.jpg

     

    On the other hand, a bearish h & s.

    gold171208down.jpg

     

     

    Although there is a severe lack of an uptrend to reverse, If we have a look at GLD it doesnt dismiss it. I'll be looking for lighter volume (between 70 & 71) on the right shoulder as a warning.

     

    gld171208.jpg

  5. I am hearing rumours from a source that has rarely been wrong.

     

    The source says it's coming soon but doesn't know when.

     

    The source also says if it fails there is going to be a discontinuity.

     

    If I had to bet, friday afternoon in NY trading.

     

    It usually starts with gold stocks being pounded a few hours before the smackdown proper.

     

    Trading closes at noon on Fri...does it matter?

  6. You really are a prize plonker aren't you

    I have taken you off ignore because i had to read your drivel in Pix's replies

     

    I have personally posted a dozen or more pieces from GATA Use the search facility provided by this site

    and other sources precisely discussing how the PPT operates, their history and who they are Use the search facility provided by this site

    , and in far more detail,

    the methods used by the CRIMEX and CBOT silver and gold price manipulators and their friends at the LBMA -

    vis a vis the banks and their short/longs,Use the search facility provided by this site

    the small specs and large specs,

    the open interest movements and so on -

    I've posted articles by Ted Butler explaining how the crime continues week in and week out, Use the search facility provided by this site

     

    Did you get the message here?

    You seem to be under the illusion that you are educating us in your....ahem....research when if you did a little research you will find many of these topics have been discussed and indeed have their very own thread!

     

     

    Back to your padded room Seedy. I'll leave you off ignore for the time being to see your enlightening response, if you can tear yourself away from the lizards and left-handed browsing

  7. In theory, those long on the COMEX are more likely to request delivery if the price is too low rather than the opposite. The old adage is, "there's only one cure for low prices and that's more low prices."

     

    Therefore, should the price rise from these lows, the less likely that they'll be a default on the COMEX or at least that's what I've been told. To be honest, these big daily rises make me somewaht nervous as it could be a prelude to further manipulation once the heat is off the Cartel for a while i.e. until March 2009.

     

    Dungberg seems to think there will be a sell off

     

    The rise on friday is most likely shorts covering cuz of Thanksgiving. If there are no fireworks on Wednesday or friday there is going to be a lot of people scratching their heads

  8. $1.

    blutigen Hölle! Bitte richten Sie mir, Ihre nächste Zinn-Folie Hut Lieferanten

     

    $7,000? That seems incredibly low. I think it would be north of $10,000, maybe far north of it.

     

    I think its based on physical currency, considering that it represents usually 3% of the money supply...........yea i know

  9. Yep, G&S down but £ down more so... Thinking of putting the last bit of £ I have in savings into G. It would seem that £ = toast. Oh, lordy... I think RH with his deflation = fiat crisis theory could be right. Surely the crap $ will pop too - what the F does it stand for?

     

    RH?

  10. $680 here we come...

     

    You are optimistic!.

     

    If gold were to hit $550 ( as a lot now believe it will) and maintain its price in sterling it would suggest an exchange rate of 1.14 against the dollar :blink:

     

    Can anyone see this happening?......so how long has the dollar got?

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