Jump to content

FWIW

Members
 View Profile  See their activity

  • Posts

    1,725

  • Joined

  • Last visited

 Content Type 

Posts posted by FWIW

  2. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

     

    gold-1126-weekly.png

     

    If she hits 900, then she will not just stop and turn away...she will keep on motoring!

     

    Another bailout of unbelievable proportions for (sh)itiGroup and nobody notices? I think not.

     

    People are not black boxes - look at the fundamentals as well! Don't let others do the thinking for you...

  11. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    The best advice I was ever given was: Do not let others do the thinking for you...

     

    Even though I too also post the occasional point and figure chart, I only do this as I would like to share and discuss with like minded people.

     

    Ker doesn't seem to want to answer any questions, as if he is too busy to even back up his own statements...

     

     

  13. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I'm back - not much change then....

     

    Looks like the PPT ARS(e) system is able to smack only one PM at a time...I will keep switching from gold to silver to compensate...

     

    Thanks PPT!

     

    Also is Mr. Market stupid? Treasury pump $800 Billion into system and stock market goes up? Gold comes down a little???

     

    WTF?

     

    I need to go back to school...economics 101 for me...

  22. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    If you just follow TA as per a religion, and do not look at the big picture i.e. Fundamental Analysis, then you deserve to get hurt.

     

    If I see another 8.x again I am going in...not all in...but a big way in, and will be buying all the way down to Ker's 6.x if it ever comes up.

     

    I personally do not think Ker has any other motives other than sharing his own analysis. I do the same, to keep myself honest.

  23. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    http://www.ft.com/cms/s/0/7177d3c6-b65f-11...00779fd18c.html

     

    Gold’s safe appeal attracts record interest

    By Chris Flood

    Published: November 19 2008 17:40 | Last updated: November 19 2008 17:40

    Sales of gold coins and bars reached their highest levels for more than a decade in the third quarter while gold exchange traded funds saw record inflows as investors sought a safe haven from the crisis in financial markets following the collapse of Lehman Brothers, the US investment bank.

  25. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I'm signing off for a few days, so I thoughts I'd review and update my predictions from last month - probably to keep me focussed rather than to tell you wise and wonderful posters anything you don't already know:

    [so as always, ignore me and DYOR]

     

    A prediction for October [herein updated for November]...

    - DOW and FTSE may have (at best) a small relief rally (due to ramped up bank bale outs, plus many rate cuts globally). But banks are shot as a long term investment theme, and general earnings across many sectors will dissapoint. So by months end DOW and FTSE will be no higher than today, and perhaps as low as (or will have touched) 9500 and 4000 respectively. These numbers are still 10-20% above the absolute bottoms that will be reached briefly during the next 6-12 months.

    ...that relief rally happened, and has peaked. Watch out below! Probably heading back down most of the way to last months lows again in November.

    - 50% chance of a bank holiday week

    ...didn't happen, and was anyway only a 50:50 option. Now probably won't happen, as the govs have made it clear they will bail out regardless.

    - dramatic emergency base rate cuts happen globally (BoE may even announce 0.5% today, 1 day earlier than expected)

    ...happened, and still far more to come as they race to the bottom. Expect another 0.5-1.0% off UK rates in November.

    - Sterling will fall further, reaching 1.65 vs USD. After this month, the dollar will tank.

    ...I was too optimistic! Looking for 1.40 this month, and the USD then starting to weaken

    - I think we'll see oil at 75-80 this month, and over the next 6 months it may even touch 65-70 [and if so, load up!!!!!].

    ...too optimistic on this one also! Oil now at around 55-60, and I think we'll see 50 before this month ends [bTW: I did load up at 70, and will do so again if/when oil goes below 50]

    - Western inflation fails to drop significantly this month, and UK CPI may actually exceed 5%. Longer term they're on there way up [and note: real CPI from shadowstats is already >13%]

    ...OK, I now accept we'll see something of a fall in inflation (because oil hs come down so much more than I expected), but it will be transient! Big inflation problems by mid/end 2009

    - all the above will cause a ramp up in fear, and gold will rally further (950-1000 in USD, >550% in GBP, by months end)

    ...right about the fear going up, but the PPT and the deflation concerns have held gold back. There's now now (or very little) further downside in PoG, and as soon as dollar starts to turn South, oil and PMs will shoot up (next month or two)

    - The leadership on banks (amounts and strategy) shown by Alister Darling today is excellent. It will lead the way for countries out of this current pannick

    ...sure did. But this has now gone to Brown's head, and he thinks he can coordinate a global wave of tax cuts and fiscal stimulation. He will fail to get sufficient universal support , and problems will follow from that failure

     

     

    Thanks bigt for your update - have a good few days away! Always good for the soul, fresh air and sunlight!

     

     

×
×
  • Create New...