FWIW
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Posts posted by FWIW
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WoW That would win a GoLD medal at any diving championships.
Not as pretty as a vertical lift but still a pretty site ERRoL ARE YoU GETTING EXCITED NoW.????
Patience is a virtue!
A couple more days and things may be clearer!
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The banks know what's coming...Easy equity come, easy equity go...
http://www.dailymail.co.uk/news/article-12...-borrowing.html
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Taxpayer-owned Royal Bank of Scotland has launched a Christmas crackdown on borrowing, snatching back tens of thousands of pounds from homeowners.
Thousands of customers have received letters slashing the amount they are allowed to borrow on generous 'flexible' mortgages.
Some borrowers say they will be forced to rein in Christmas spending, cancel holidays and put off home improvements because of the miserly step.
It could also hit many small business owners who were planning to use their spare borrowing to pay tax bills in the new year.
Those affected all took out a flexible mortgage called Foundations. These were special deals available to loyal customers who held a current account.
The mortgage works a bit like an overdraft. Customers were given a borrowing limit based on the value of their home, but they need not take all the money offered. They only pay interest on the money actually borrowed.
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Nice, I can't help feeling there'll be a juicier entry point. Rick A is hopeful of $1337 before Christmas so I'm probably wrong and you'll be minted.
2 of my 3 stops just got hit - small profits.
Gonna let my last one run, so hope you are right about $1337!!
EDIT: last one just got hit at 1190 - not bad for an hours work with zero stress!
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I went short at Rick Ackerman's hidden pivot $1227, closed it out at $1205 this morning. Think I'll lay off it till after Christmas, though I've been making some decent money, the stress is consuming me.
Very nice work! Next time let me know when you go short. You or Rick have a real knack of getting the turning points right!
I went long again with 3 lots at 1186ish - all stops moved to be in profits. Now let her run to wherever she takes me!
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Payroll numbers out. Down only 11,000!
Where did they find these figures?Gold straight down below 1200
Brilliant - these jokers will get me a great discount.
Igglepiggle get ready my friend.
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From http://www.citywire.co.uk/Adviser/-/news/p...p;ViewFull=True
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House prices could be hit by 'double-dip', says Fitch
By Nicholas Paler | 11:48:52 | 03 December 2009
UK house prices face the prospect of a 'double-dip' in the next few years amid high unemployment and constrained lending conditions, a leading ratings agency has warned.
Delivering a bleak outlook for house prices, Fitch Ratings warned once again that it expected to see house prices come down by nearly a third from the peak seen in 2007 - despite recent monthly surveys indicating that prices have bottomed out and are starting to creep higher.
Fitch, which has kept its credit outlook for UK housebuilders at 'negative' because of its concerns about the sector's debt levels, said a recovery in the housing market in the near term was unlikely, and it expected to see either no growth or further falls in price as problems came to a head.
Fitch's UK housebuilder analyst Jean-Pierre Husband, said: 'A quick and sustainable improvement in UK housing conditions is unlikely, and this will restrict the potential for rating upgrades.
'The main economic indicators point towards a period of stagnation at best, or at worst a double-dip contraction in house prices.'
Highlighting one of the main headwinds facing the sector, a Fitch report into housebuilders noted that: 'Over 66% of UK mortgage borrowers are now on floating rate mortgages, compared with 48% in August 2008, and their ability to service existing mortgage debt would be adversely affected by any hike in interest rates.'
Fitch's view on the housing market is in-line with others who remain sceptical about the recent recovery.
Capital Economics property economist, Seema Shah, said current increases in price have been driven by a shortage of property for sale, and that this was only providing temporary support before rising unemployment fed through to valuations.
Shah said the small increases seen recently made no difference to the underlying outlook and basic argument that prices are still overinflated. She predicted that if rises continued sellers would become more confident about putting homes on the market, increasing supply and therefore driving down prices.
She added: 'Unemployment is likely to continue rising long after the recession ends. This will also put heavy downward pressure on average earnings, with the result that pay growth could tip into negative territory next year.'
'Even if the economic outlook proves better than we expect, the housing market will not benefit. Interest rates would be raised, reducing affordability, while fiscal tightening will eat into households' disposable income. The upshot is that with the housing market still overvalued, prices are more likely to fall than to rise next year.'
Meanwhile a recent house price survey showed prices climbed slightly in the last month, although growth has slowed heading into the holiday season.
Nationwide said that house prices rose by 0.5% in November, taking the average house price near to early 2006 levels at £162,764. On a less volatile three-month reading, the building society said the rate of change had dropped to 2.8% from 3.5% in October.
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Yes a few concerns right now. The HUI now at March 2008 levels, hopefully not a double top and silver still short of the March 2008 high.
IF S&P500 rolls over (as in this video) then it could take gold priced in USD down with it (not very far but down nonetheless).
http://broadcast.ino.com/education/sp5001130/
DYOR
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I am looking at the daily candle on the gold price, it looks like it could be a hammer which could indicate a pull back. Be careful and manage your risk levels.
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This should get you guys salivating.
Dubai Crisis Gives China Chance to Buy Oil, Gold: Report
Not sure why they didn't show this graphic inline in the article? Maybe the thought of an audit of us holdings may have been planted if it was shown?
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Today was very bullish IMO, gold was targeted hard by the cartel and came back convincingly.
There was a very large 193,000 long contracts that were open on the comex yesterday, Monday is the first day that holders can notify for delivery. The comex inventories hold 20,000 contracts in inventories, so something had to be done to discourage the contract holders.
It will be very interesting to see the open interest on the comex after todays action.
Yes very bullish Sir Pixel8r.
We have a huge white candle on the monthly, we also have 4 white soldiers on the weekly pattern (basicly we finished each week higher) and we have a huge hanging man pattern. The previous day was a doji, which is soemtimes called an evening star.
I will wait for confirmation of the opening price on Sunday/Monday to ensure that open is higher than today's close. If so, that is very bullish.
As I scan across all the markets I can see that we either have doji's or hammers. Again, this means the actual open is crucial to see which way we will go.
DYOR!
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Not sure where to put this.
OMG
This should be clased as ethnic cleansing. Where are all the good men?
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They want a strong Dollar now do they? Why?
[sarcasm on]
Maybe Timmy and Bernanke had a plan all along? Maybe they were just pretending to bail out all their mates?
The money will be burnt and no-one will be wiser?
[/sarcasm off]
Now look at the ECB, when you Trichet talk about price stability and ensuring that the wealth of millions of people is maintained. If you had to believe in one peice of paper over another which one would you choose?
I vote gold though...time will come when people will want to see how much gold, silver or even tungsten you have, before any deals are done.
The paperbugs are finished.
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I'm appreciating all your thoughts here w.r.t. my predicament - I'm contemplating whether to buy more at the moment with newly-acquired funds (or stay on the subs bench a bit longer).
I'm worried how hot RSI is, and also wish the £/$ exchange rate was more favourable for buying.
I know you guys are talking fundamentals and I am talking technicals today. I'm not a big technical man - I'm just reminded of the last time I was in a 'lots of new funds' scenario - I bought big at $960 in early 2008 and sat underwater for quite a while.
But that taught you a very valuable lesson. Do more sitting, and less tinkering.
I personally use the Williams %R indicator - but with RSI or Williams you need to be patient (days and weeks). Have a look at the Gold TTT thread and I think we can talk.
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End of month buying op when RSI cools off and price moves to 22 dma?
Just a theory I've got......
I can't see the picture, but patience is a virtue my friend!
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Nah, £723 is
We must thank The City of Gold for this one!
From:
Built on a man made island that cost $1.5 billion and the opening party Fireworks cost $20 million.
What a difference a year makes!
Gold going to the moon. Priceless!
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What do people think, gold through $1200 today?
I don't think we can do it this week.
A breather will be healthy for us, if we stay arround the 1170-1180 level then next week could be good for the long term. It will hopefully allow all those on the sidelines or those that locked in profits to get back onboard again.
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More MSM reports:
http://www.citywire.co.uk/personal/-/news/...p;ViewFull=True
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Silver offers next leg up as gold soars
Investors do not normally look to Vietnam as a lead indicator of market direction but a flurry of trading in the nation’s gold sector last week may hold lessons for us all.
Seeking a hedge against inflation, which hit 20% in early 2008, Vietnamese investors caught gold fever long before it was fashionable in the wider world. The government, concerned about flows into an unproductive asset, effectively shut down imports.
Last week, as the rest of the world saw gold topping out at $1,120 an ounce the closed market of Vietnam – which had trended at around $60 an ounce above the global market in recent months – saw the price top out at almost $1,300 in a surge of trading.
The government duly dropped import controls but the episode showed that supply constraints and weight of capital are making the gold markets ‘a bit crazy’, according to one Vietnamese trader quoted in the local media last week.
Where gold leads other precious metals tend to follow, and while there may be limited long-term upside for an investor getting into the market now, attention has turned to the likely relative beneficiaries, such as silver.
‘On the whole the price of gold and silver tend to move in the same direction. The gold/silver ratio is used to identify possible extreme moves,’ said Angus Campbell of trading platform Capital Spreads. ‘The ratio stands at 64.12 and has bounced off a one-year low of 58.41 recorded in the middle of September. Last year the ratio hit a peak of around 84 before falling back to its current level. So, it looks like there’s a bit of a trend developing.
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The economic world as we know it.
Go and watch it its full of esoteric messages.
I especially liked the clipwhere the russian oligarch is paying for his ticket to get on the ship and he asks how much and the guy says 1 billion.1 billion dollars he replies then a pause and the guy answers No EURoS.
Hey Sir FitKid - cool video - I used to 'think' I could do that!!! Give me a few pints and sometimes I try!
Some more music...
From: http://www.youtube.com/watch?v=bDBz_naagJE
Got Gold? No, do you really 'get' gold?
Obviously I can't predict the future (DYOR), but wacth the Euro tomorrow. We have closed up today with a long-legged doji, this shows extreme strength to come back from what 'some' thought was an earlier bright start!
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I loved the quote about the central bankers sewing gold into their suits...
Has MSM woken up?
Maybe time for some music with lyrics?
From: http://www.youtube.com/watch?v=--Wpz4NAHtY
Come on!
Uggh!
Come on, although ya try to discredit
Ya still never edit
The needle, I'll thread it
Radically poetic
Standin' with the fury that they had in '66
And like E-Double I'm mad
Still knee-deep in the system's shit
Hoover, he was a body remover
I'll give ya a dose
But it'll never come close
To the rage built up inside of me
Fist in the air, in the land of hypocrisy
Movements come and movements go
Leaders speak, movements cease
When their heads are flown
'Cause all these punks
Got bullets in their heads
Departments of police, the judges, the feds
Networks at work, keepin' people calm
You know they went after King
When he spoke out on Vietnam
He turned the power to the have-nots
And then came the shot
Yeah!
Yeah, back in this...
Wit' poetry, my mind I flex
Flip like Wilson, vocals never lackin' dat finesse
Whadda I got to, whadda I got to do to wake ya up
To shake ya up, to break the structure up
'Cause blood still flows in the gutter
I'm like takin' photos
Mad boy kicks open the shutter
Set the groove
Then stick and move like I was Cassius
Rep the stutter step
Then bomb a left upon the fascists
Yea, the several federal men
Who pulled schemes on the dream
And put it to an end
Ya better beware
Of retribution with mind war
20/20 visions and murals with metaphors
Networks at work, keepin' people calm
Ya know they murdered X
And tried to blame it on Islam
He turned the power to the have-nots
And then came the shot
Uggh!
What was the price on his head?
What was the price on his head!
I think I heard a shot
I think I heard a shot
I think I heard a shot
I think I heard a shot
I think I heard a shot
I think I heard, I think I heard a shot
'He may be a real contender for this position should he
abandon his supposed obediance to white liberal doctrine
of non-violence...and embrace black nationalism'
'Through counter-intelligence it should be possible to
pinpoint potential trouble-makers...And neutralize them,
neutralize them, neutralize them'
Wake up! Wake up! Wake up! Wake up!
Wake up! Wake up! Wake up! Wake up!
How long? Not long, cause what you reap is what you sow
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I took a little short at $1172 (December contract) today.
Good one - $1172 is a good place for a quick short...
Don't hold it too long though; us gold bulls will be looking for our next entry points!
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Does anyone think that the price is being moved by cunning longs possibly from the East - or is it normal buying?
I think this picture will answer your question:
Weak President, who doesn't even know what P/E ratio is. Just a talking head...probably a good actor, but needs a decent script.
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As some of you know I am a customer of Alpari. They recently gave away some free charting software.
I thought I'd leave it running to see how well it does...or doesn't!
Short at 10.30 GMT this morning? I don't think so...
Anyone who thinks that all the info is right there in a chart and fundamentals don't make any difference will be crying right now!
Ignore Fundamentals at your peril; as CGNAO says Technical Analysis will take you to the poor house.
Think for yourselves people - there is a funking good reason why they give it away!
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Don't fall victim to FUD...
http://www.rickackerman.com/2009/11/golds-...flank-its-foes/
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In the Rick’s Picks chat room, where the focus is sometimes obsessively on gold, the meaning of “long-term” can range anywhere from 90 minutes to about three hours. Small wonder, then, that whenever Comex precious-metal futures hit an air pocket and briefly plunge, the shock waves wash over the room like a tsunami. In fact, these fleeting episodes mean nothing, considering that the larger, bullish environment for gold contains more testosterone than a Chicago stockyard. Who needs to worry about what those nasty, retrograde bullion bankers, commercial traders and by-now impotent central banks are doing when you know for certain that the likes of China and India are size buyers?
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Where did they find these figures?
GOLD
in Gold, FX, Stocks / Diaries & Blogs
Posted
I have sent you a PM Sir FitKid!