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Realities of Forex Investment
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hisah
#2141 Posted : Friday, February 01, 2013 10:02:07 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Back in Oct 2007 when DJIA was smashing records by surpassing 14000pts, EURUSD was @1.41 - 1.45 range, GBPUSD was @2.00, S&P was @1527pts and so forth. However, this time it feels totally different. Traders as well as media houses are not trumpeting the incredible recovery by the US indices, which have reclaimed 5yr highs despite the squeaky global econ being supported by a tsunami slosh of USD, euros and yens.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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ChessMaster
#2142 Posted : Friday, February 01, 2013 10:05:40 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
hisah wrote:
Back in Oct 2007 when DJIA was smashing records by surpassing 14000pts, EURUSD was @1.41 - 1.45 range, GBPUSD was @2.00, S&P was @1527pts and so forth. However, this time it feels totally different. Traders as well as media houses are not trumpeting the incredible recovery by the US indices, which have reclaimed 5yr highs despite the squeaky global econ being supported by a tsunami slosh of USD, euros and yens.




I like your thinking. You're listening to what they are not saying.
Uncertainty is certain.Let go
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guru267
#2143 Posted : Saturday, February 02, 2013 8:00:19 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
The direct correlation between the DOW/S&P and the EUR/USD is seriously mindblowing! Think
Mark 12:29
Deuteronomy 4:16
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ChessMaster
#2144 Posted : Saturday, February 02, 2013 8:52:21 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
guru267 wrote:
The direct correlation between the DOW/S&P and the EUR/USD is seriously mindblowing! Think


What are your theories on causation?
Uncertainty is certain.Let go
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hisah
#2145 Posted : Saturday, February 02, 2013 9:30:12 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
guru267 wrote:
The direct correlation between the DOW/S&P and the EUR/USD is seriously mindblowing! Think

That correlation had partially died between 2011 & 2012. Now its back as it was pre GFC days... Borrow $ then buy euro stocks. Carry trade, borrow yens buy high yield ccys like kiwi & aussie. And all over sudden life is good except this time subprime is missing in action...

My only fear is oil might scale back to $150/bb and that will blow up inflation globally. I dont need to say what next after that!

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#2146 Posted : Sunday, February 03, 2013 8:26:20 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Buy gold 1663, sl 1657, tp 1694.
“small step for man”
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hisah
#2147 Posted : Wednesday, February 06, 2013 11:03:27 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@ceinz - buy gold signal confirmed

http://in.reuters.com/ar...r-idINDEE91306G20130204

Target 2011 all time highs!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#2148 Posted : Wednesday, February 06, 2013 1:35:57 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
@ceinz - buy gold signal confirmed

http://in.reuters.com/ar...r-idINDEE91306G20130204

Target 2011 all time highs!


Yes, technically we seems poised for a big move, but the best strategy is to go smaller targets whilst buying pull backs.
“small step for man”
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ChessMaster
#2149 Posted : Wednesday, February 06, 2013 2:45:54 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
W.B. on Gold

Uncertainty is certain.Let go
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guru267
#2150 Posted : Thursday, February 07, 2013 1:05:47 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
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396 Pages«<213214215216217>»
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