Guest Posted November 12, 2004 Report Share Posted November 12, 2004 I've been holding Queens take too.. Performance has been quite doggish for sure. Congrats on your breakout call Link to comment Share on other sites More sharing options...
Ander Posted November 12, 2004 Report Share Posted November 12, 2004 This is the first time that gold has made a cycle high after the mid point of the supposed 8 year cycle.Also higher than the last cycle high. Yes. It didnt even happen in 1980!! Link to comment Share on other sites More sharing options...
Guest Posted November 12, 2004 Report Share Posted November 12, 2004 CBJ Link to comment Share on other sites More sharing options...
EasyAl Posted November 12, 2004 Report Share Posted November 12, 2004 TOKYO (AFX) - Bank of Japan (BoJ) Governor Toshihiko Fukui said it would have a stablizing effect on the global financial system if a clear rival to the US dollar as a key global currency were to emerge "In the past five years (since its launch in 1999), the importance of the euro has increased considerably," Fukui told the seminar, which featured such other speakers as European Central Bank vice-president Lucas Papademos, and Toyoo Gyohten, the highly respected former Japanese vice-minister for international affairs. Fukui said more than 50 countries link their currencies to the euro, while the proportion of foreign exchange reserves held in euros has risen to 20 pct, and nearly a third of the cross-border-issued bonds are now denominated in euros. Fukui seemed to welcome the growing prominence of the euro by referring to the dangers associated with allowing any single currency to dominate global commerce "In such a situation, the economy of the key currency is easily tempted to focus its economic policy on domestic considerations," an apparent thinly veiled rebuke to the economic policies followed by the US adminstration of President George W Bush Bank of Japan governor says world needs rival to US dollar as global currency Link to comment Share on other sites More sharing options...
Gf7777 Posted November 12, 2004 Report Share Posted November 12, 2004 I now believe the gold cartel has failed and that I was wrong on this account in thinking that they might have one more fight left in them. I have loaded the boat in gold mutal funds, the best way to trade this rally - USAGX, GOLDX, RYPMX, and OPGSX, which has a load fee. Link to comment Share on other sites More sharing options...
Ander Posted November 12, 2004 Report Share Posted November 12, 2004 I now believe the gold cartel has failed and that I was wrong on this account in thinking that they might have one more fight left in them. I have loaded the boat in mutal fund, the best way to trade this rally -USAGX, GOLDX, RYPMX, OPGSX, which has a load fee. Welcome aboard. I hope your move is correct. Link to comment Share on other sites More sharing options...
traderfromhell Posted November 12, 2004 Report Share Posted November 12, 2004 I now believe the gold cartel has failed and that I was wrong on this account in thinking that they might have one more fight left in them. I have loaded the boat in gold mutal funds, the best way to trade this rally -USAGX, GOLDX, RYPMX, and OPGSX, which has a load fee. Sell Mortimer Sell. Link to comment Share on other sites More sharing options...
Guest Posted November 12, 2004 Report Share Posted November 12, 2004 The Euro is very very close to breaking out.... Question is - do we see it today or next week? Link to comment Share on other sites More sharing options...
Old Habits Posted November 12, 2004 Report Share Posted November 12, 2004 The Euro is very very close to breaking out.... Question is - do we see it today or next week? I think we hit 135 on the Euro by year end. Interesting comments out of Japan - very telling. Finally they may be ready to just step out of the way and let the buck dump. I guess the Euro could sort of replace the $, but long term I'm betting on the Yuan. Link to comment Share on other sites More sharing options...
Guest Posted November 12, 2004 Report Share Posted November 12, 2004 HL red ?? Whats that about ?? Link to comment Share on other sites More sharing options...
ShitEatingGrinner Posted November 12, 2004 Report Share Posted November 12, 2004 every time I post dire predictions, gold goes up. fantastic! I'll keep it up. gold to $350. Next week. ha Link to comment Share on other sites More sharing options...
Ander Posted November 12, 2004 Report Share Posted November 12, 2004 I now believe the gold cartel has failed and that I was wrong on this account in thinking that they might have one more fight left in them. I have loaded the boat in gold mutal funds, the best way to trade this rally -USAGX, GOLDX, RYPMX, and OPGSX, which has a load fee. Sell Mortimer Sell. lol. TFH Using GF as a contrary indicator? Link to comment Share on other sites More sharing options...
Charmin Posted November 12, 2004 Author Report Share Posted November 12, 2004 Last my frail memory had for a daily OP on POG was 439.6. BINGO! XOP is 448-450 This is the month my friends that we were looking to change the Dinapoli monthly trend back to bullish since April weekly Dinapoli XOP was for 445-450 so if we hit 445-450 we will be in the target zone for daily and weekly targets and monthly OP Link to comment Share on other sites More sharing options...
Old Habits Posted November 12, 2004 Report Share Posted November 12, 2004 HL red ?? Whats that about ?? Ya know Hadj - I swapped out my HL for NG last week. I don't know where it's going, but I thought their earnings report was pretty smelly. Not trying to scare you, just letting you know what I did. Charm-I think 445-450 is very doable next week, don't you? If that guy at the merc exchange wasn't B.S. ing, there's no telling what the specs will do to the POG. Link to comment Share on other sites More sharing options...
plantigrade Posted November 12, 2004 Report Share Posted November 12, 2004 I now believe the gold cartel has failed ... If this is 2003 again, with a liquidity reinflation (and a probable foreign war), a Silver and HUI non-confirmation, a $ support around here, a PM option deadline coming on Nov 23 ... we're due for another PM smackdown. Link to comment Share on other sites More sharing options...
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