Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
- Reactions
- 205
With my ears pinned back MRC.
16 round trips last hour and just warming up. No need to get touchy its only money.
TH, are you trading (selling) gold futures, or your just in here to rub it in? What team are you on!?
We could probably wack in another support at US980 where it consolidated sideways from the 3rd to 13th instant.
I would be surprised if the PPP dont try to make a break below that before the next 24 hours are out. Huge volatility is to be expected now but feel the next breakout will be swift and large from a low base. You can be sure that the PPP are accumulating/playing (short and long) this market for ammuntion to dump in line with thier releases of spin. It is about the only ammunition they have left to stave off a very dire situation from their viewpoint.
I think it has begun to filter through to the sheeple now that a rising gold price is an indication that things are going downhill in the financials.
Many are surprised at the so called stupidity (sic) of the Fed and JWB tream. I have said it before, this is entirely political. The Republicans are desperate to demonstrate all is well for the upcoming Presidential election. Futile in view of the sub-oprime as that may seem.
The next week or two will be interesting viewing.
Surely Gold futures are expected to fall when the market recovers from the Bear Sterns collapse.
Trembling Hand said:No need to get touchy its only money.
Yeah its good to see that the credit crisis is finally over - it was looking touch and go there for a while - Bernanke really saved the day lol . .
Yeah there's a nice irony in using that line in a thread dominated by gold bugs. It is only money TH - careful you don't lose your gold trading those future lol.
Yeah its good to see that the credit crisis is finally over - it was looking touch and go there for a while - Bernanke really saved the day lol . I wonder if they'll announce the end of the credit crisis on CNN tonight?
PPP?
With my ears pinned back MRC.
16 round trips last hour and just warming up. No need to get touchy its only money.
Today, there's a lot of buzz in the market that we may have already seen the bottom.
"I think we’re at the bottom of this so-called crisis. And I think we move higher from here," Fritz Meyer, senior investment officer at AIM Investments, told CNBC. "The Fed’s been fumbling around for the right key to unlock the liquidity log jam. … I think they finally found it."
Harry Clark, president of Clark Capital Management Group, agrees. "I think the all-clear has been given. We look for some drastic event -- Bear Stearns was it," Clark told CNBC.
The Office of Federal Housing Enterprise Oversight lowered the capital requirement on government-backed mortgage lenders Fannie Mae and Freddie Mac FRE to 20 percent from 30 percent, a move that will provide up to $200 billion in immediate liquidity for stressed mortgage markets.
lol - right on queue - I guess this might continue for a while until the next iceberg (unless all the icebergs are gone - maybe it really is over - but the urgency of the various moves - weekend meetings etc. - and the last minute nature of it all makes me skeptical).
*** They've just added horse livery charges to the CPI here in the UK... horse livery FFS!! a/ This is known to be stagnant; livery owners are bitching that they can't raise prices b/ How many "average" folks use horse livery services FFS?
It's a freakin fraud!
It's a freakin fraud!
*** They've just added horse livery charges to the CPI here in the UK... horse livery FFS!! a/ This is known to be stagnant; livery owners are bitching that they can't raise prices b/ How many "average" folks use horse livery services FFS?
It's a freakin fraud!
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?