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Realities of Forex Investment
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Ceinz
#2151 Posted : Thursday, February 07, 2013 9:24:31 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
ChessMaster wrote:
W.B. on Gold



Good thinking as expected of a billionaire who wants to create a positive impact in the society and who can afford the luxury of the long term outlook. But for penny worth speculators like us, anything goes as long as it brings some shillings home.
“small step for man”
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ChessMaster
#2152 Posted : Thursday, February 07, 2013 9:40:52 AM
Rank: Elder

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



Good thinking as expected of a billionaire who wants to create a positive impact in the society and who can afford the luxury of the long term outlook. But for penny worth speculators like us, anything goes as long as it brings some shillings home.


True.
Uncertainty is certain.Let go
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hisah
#2153 Posted : Thursday, February 07, 2013 2:20:19 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
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.


http://www.youtube.com/watch?v=HvbPSB9lwIk

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2154 Posted : Thursday, February 07, 2013 2:24:46 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
guru267 wrote:
Tough times ahead for the Kes Sad

www.businessdailyafrica....4/-/nptcwtz/-/index.html

www.businessdailyafrica....4/-/10fl919/-/index.html

At least this time CBK is not asleep like back in 2011. Unless KE elections go really awry, KES weakness will be orderly. My target is around 90/- But anything above 95/$ will be bad news for the econ.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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ChessMaster
#2155 Posted : Thursday, February 07, 2013 11:02:07 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
guru267 wrote:
Tough times ahead for the Kes Sad

www.businessdailyafrica....4/-/nptcwtz/-/index.html

www.businessdailyafrica....4/-/10fl919/-/index.html


When I saw this,this is what I thought. If the shilling weakens the purchasing power of foreigners increases. If something were to happen after the elections both the shilling and stocks might weaken.Thus foreigners will have more money to buy more shares at even cheaper prices.Now I'm left wondering about which option is best if something happens or we have peaceful elections.
Uncertainty is certain.Let go
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hisah
#2156 Posted : Tuesday, February 12, 2013 7:38:19 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
ChessMaster wrote:
Ceinz wrote:
ChessMaster wrote:
W.B. on Gold



Good thinking as expected of a billionaire who wants to create a positive impact in the society and who can afford the luxury of the long term outlook. But for penny worth speculators like us, anything goes as long as it brings some shillings home.


True.

@chess - you made me sweat digging up archives to counter WB's negative gold views.

Read this - http://azizonomics.com/2...buffett-priced-in-gold/

What people are forgetting is global CBs have devalued their currencies like crazy post GFC as currency wars escalate. If you price $, €, £ or ¥ assets to mention, but a few in gold term, the devaluation is very stark! Purchasing power has taken a sizable haircut lowering the standard of living for the common man globally!

e.g. Look for the Dow chart priced in gold since 1900 and see the hidden currency devaluation.

WB is right saying gold is a non productive asset unlike a farmland or company xyz, but as a hedge to store value, one needs some gold in their portfolio.

Extra reading - http://azizonomics.com/2...7/gold-tells-the-truth/

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, February 12, 2013 7:43 AM | Reason: Not specified
ChessMaster
#2157 Posted : Tuesday, February 12, 2013 7:47:24 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
hisah wrote:
ChessMaster wrote:
Ceinz wrote:
ChessMaster wrote:
W.B. on Gold



Good thinking as expected of a billionaire who wants to create a positive impact in the society and who can afford the luxury of the long term outlook. But for penny worth speculators like us, anything goes as long as it brings some shillings home.


True.

@chess - you made me sweat digging up archives to counter WB's negative gold views.

Read this - http://azizonomics.com/2...buffett-priced-in-gold/

What people are forgetting is global CBs have devalued their currencies like crazy post GFC as currency wars escalate. If you price $, €, £ or ¥ assets to mention, but a few in gold term, the devaluation is very stark! Purchasing power has taken a sizable haircut lowering the standard of living for the common man globally!

e.g. Look for the Dow chart priced in gold since 1900 and see the hidden currency devaluation.

WB is right saying gold is a non productive asset unlike a farmland or company xyz, but as a hedge to store value, one needs some gold in their portfolio.

Extra reading - http://azizonomics.com/2...7/gold-tells-the-truth/



@hisah - I was just sharing links. Ceinz put it well,unless we are billionares,we've got to make money.

http://www.bloomberg.com/news/2012-10-10/slim-s-frisco-buys-aurico-mexico-mining-assets-for-750-million.html
Uncertainty is certain.Let go
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hisah
#2158 Posted : Tuesday, February 12, 2013 8:03:11 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
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.

But this chart is making things look cloudy. The $ is quietly rallying after € topped out @1.37 levels and this is making PM prices to sag.



Russia has been on a buying spree as per world gold council as well as other CBs. With all the tsunami money printing, PMs should vault here in due course.

Stumbled upo this written back in 2006 - http://bigpicture.typepa...04/dow_jonesgold_r.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2159 Posted : Tuesday, February 12, 2013 8:09:34 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Another interesting site called priced in gold - http://pricedingold.com/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2160 Posted : Tuesday, February 12, 2013 8:19:54 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Anyone still holding yen shorts? Been long GBPJPY (the beast) since Dec @132.46 and we're up 1 big figure. There's scope it may nail the next round level @150 and at the next big figure @152 i'll take profits. By then USDJPY may vault to 100 and nikkei around 12800 - 13000pts and very stretched technically. So a selloff will be in order as yen shorts get a proper squeezing.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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