kernull

I mean "trading on a spread" when I wrote this. to clarify the concepts: 1) spread betting: betting on price change without entering market http://en.wikipedia.org/wiki/Spread_betting 2) trading on a spread: entering market on a spread without having funds to cover full cost of the financial instrument (CFD trading) http://en.wikipedia.org/wiki/Contract_for_difference

definitely GCItrading.com is spread betting. Their margins requierements of 100:1 are not possible in a real system. Im gonna switch to this one, they have more realistic margins and rules: http://activtrades.com/index.aspx?page=cfds_margins " # If during an open trade, the net worth of the account reaches the "trade-out level" of 50% of the required margins, positions in excess would be automatically closed. # ActivTrades reserves the right to close after dealing hours any position which would incur an overnight margin call. # Since all the above products can be traded in mini- or micro-lots, margins would be calculated proportionally. If for example you trade 0.1 lot of the Ger30, only one tenth of the margin would be required." more brokers: http://www.forexpeacearmy.com/public/forex_broker_reviews/

this is the question of mind. people blame tools instead of their thinking. Imagine you have a chain saw in your hands. you can kill a person with it, and you can cut a tree. Who is reponsible? If the system is corrupt, you have to switch the system (i.e change the chain saw), but doing spread betting is the same as trading on other systems. you buy gold contract at 1040 and then it goes to 910, you lost, no spread .... its the question of how you think

I was thinking a bit more, and now I remember a drop in crude oil of -4 bucks in one tick, down from 138 to 132 , also 2 moves in oil from 111.50 to 110.50 and then up from 110.30 to 111.80 , all of them in one tick, I thought that were big players, but now I have my doubts. Could you tell me what is the URL of IG ?

I dont beleive this. Who would be interested in to take off my tiny silver position ? The spread betting company? Please! They have no time to do individual small-user persecution. Specially at the time when gold broke out the 933 level? This must be the manipulation that Jim Puplava was saying about. I don't know where they feed data from, but I am sure this is not my trading platform, it is CBOT, NYMEX or I don't know where they feed data from. I am in again on the pull back & no more stops on precious metals

what the heck hapened here, can somebody tell me? they took my silver at 17.79, had a stop at that price

yeah. now should we see the break of 950s ?

does anybody knows what's wrong with silver? Gold going up, but silver stuck between 17.40 and 17.20, how is this possible? Gold/Silver ratio is now 53 ... and what happend to the average 51.74 we had just three months ago ???? weird...

this is it, the big run for gold! a retest of 900 and next week we are seeing the chart on TV, just like oil

lucky you, I got it at 16.63 , but early, now trying to cover losses with shorts in JPY & Nasdaq

tomorrow is very important day, first Trichet speaks (4:30 am) and he will talk euro so gold & silver will go up at night. On the morning stocks will continue the rally because they are pricing a lot of "liquidity" in advance. Gold & silver probably will not move. Then we have crude inventories (10:35) which will drive crude up. If crude is at 138 at that time, this +2 bucks it always spikes on inventories may take crude to 140 , and if that happend it may trigger a break in to 140 area and again, gold & silver go even higher. As 14:15 will approach for Bernanke speech, stocks rally will top, and gold & silver will go lower, as dollar will be also toping. Then , after high volatility we will have dollar to plummet after no rate cut announcement and gold & siller begin its big rally to 1200 & 25.00, because probably many investors are waiting for this day to put their money in PMs. Thats my strategy for tomorrow.

"Right now, the rare-coin market can't get any lower... Dealers are hardly making anything on these coins as it is. And the price of gold has sneaked above $900 again. In my newsletter, I'm returning our gold coins to a "buy."" http://www.dailywealth.com/archive/2008/jun/2008_jun_20.asp coins indeed very cheap, almost spot price, I am buying silver coins next week since bullion may be falsified but coins are too cheap to mess with this. it is better to hold the less possible fractionable form of metal when we deal with physical.

yes we are being hit by inflation hardly now

sold everything when I saw this crude sell off of 6 bucks on one tick, something weird is happening.

YES! In my opinion it is just began! We didn't had any hard drop anymore, and gold is climbing slowly, I think you can buy without any worry about interest rates, naked shorts and such stuff. 2 weeks ago I checked the pure alcohol price and it was 1.90 per litre, 3 days ago I checked and it was 2.30 per litre, yesterday I checked and it is at 2.80 per liter! Damn! I see people in the supermarket emptying stores, cans of tuna , packages with flour are in wanishing, the masses are entering pre-panic stage in my opinion, and there is no much room for gold to go down.

i think this time we are going to jump over 950 , to somewhat 958 to be the topd. and from there it is very easy to go to 1000, so ... we have to watch this very carefuly, saw very active trading 2 days ago, just like the old times in march

what the heck just happend??? oil from 137 to 134 in 5 minutes! wow, take my words back must be some crazy news

I am going to load heavily at 900 line once it is retested, the reasons that move gold right now (in my opinion) are agricultural commodities and base metals which are not going to go low and people are allready aware of this, so risks for going lower are temporary and that may happend on fed decision day. oil growth is more stable now, thats a good thing, no more false break ins in oil.

now tne big question is: do we sell at 950 area or 1000 ?

im sorry, but what do you mean by core? physical?

completely agree. I think gold/oil ratio is wrong at the fundamental side. One resource is renewable, the other is not. It worked at the time when oil perceived to be endless, but now we are seeing a correction to this error.

iran is now buying gold and withdrawing their foreign investments.

big run up is expected in oil by monday, maybe this is the last time we see gold at 860s

looks like nothing happend! false alarm, euro didnt move much however this bad news for europe. http://www.bloomberg.com/apps/news?pid=206...&refer=home

" FF Alert Initial release time moved forward by 1 day as the outcome will be announced the day after the vote takes place; Description Ireland will vote on a referendum to accept or reject the European Union's Lisbon Treaty. The outcome of the vote will determine whether or not the treaty will go into effect for the entire European Union." http://www.forexfactory.com/news.php?do=news&id=91412 http://www.eubusiness.com/news-eu/1213287507.82 http://news.bbc.co.uk/2/hi/europe/7449313.stm what if Bernanke already knows irish will vote against? So knowing this he speaks on public against any fundamentals about streightening dollar and tomorrow after voting, without doing anything he just gets credit as euro falls, dollar jumps oil and gold tanks ???? And the dollar rally madly continues ..... what about this scenario ?? "Irish polls closed at 2200 (2100 GMT) and counting starts on Friday morning, with the result expected soon after 1530 (1430 GMT)."