VedantaTrader Posted October 14, 2009 Share Posted October 14, 2009 Confused I was adding more and buying physical silver from the Guernsey Mint before Xmas around the 9 USD mark...And have held gold for while. The only short of note has been this one...3Rd July, short GBPJPY, check the time and date... I actually went short before the 3rd July and have taken a further 3 shorts, leveraged at about 6:1. Those have done rather well And silver well its doubled, although I think we could move down in the coming weeks, but lets see how price reacts at these levels. So in terms of silver since Xmas and gold since a couple of years, this rally in the FTSE has been rather deflationary in terms of what I have bought.... You see it is not enough just to give a number like DOW 10,000, FTSE 5000. The number means nothing unless you are measuring against something else...In sterling its been inflation, in silver deflation... CLARITY.com Quote Link to comment Share on other sites More sharing options...
200p Posted October 14, 2009 Share Posted October 14, 2009 There is a neat thead on GEI here http://www.greenenergyinvestors.com/index.php?showtopic=7948 that looks back on currency devaulations and the long term effect on asset prices. Worth a look - history is a good guide. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 14, 2009 Share Posted October 14, 2009 How much money has the Fed been printing. Also don't forget the boomers are about to start retiring they need the stock market back up, Greenspan has said the US needed to borrow at least £1tr before the financial collapse. Only hindsight can show who's right. I thought the markets would have freaked out over the Fed, BoE etc.... all printing free money. Looks like the markets love free money created in stable modern economies. Quote Link to comment Share on other sites More sharing options...
shindigger Posted October 14, 2009 Share Posted October 14, 2009 Confused FP got it right though didnt he? Does it hurt? Quote Link to comment Share on other sites More sharing options...
Mark Uttley Posted October 14, 2009 Share Posted October 14, 2009 Also don't forget the boomers are about to start retiring they need the stock market back up, How does that work? Is there a sort of collective wish from the 61 to 64 year olds causing the DOW and FTSE to move up? Quote Link to comment Share on other sites More sharing options...
Joey Buttafueco Jr Posted October 14, 2009 Author Share Posted October 14, 2009 FP got it right though didnt he? Does it hurt? It would've hurt my bank balance if I had listented to him. Last prediction i saw him make (around the time of the spitting incident) was FTSE to go to 5000. It promptly went to 3500. Fortunately I have always ignored people that make predictions. This was a mistake. What I should've done was add FP into the HPC contrarian indicator trading strategy. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 14, 2009 Share Posted October 14, 2009 How does that work? Is there a sort of collective wish from the 61 to 64 year olds causing the DOW and FTSE to move up? I'm meaning the govt needs the Dow up otherwise it's shortfall is going to be even bigger. Quote Link to comment Share on other sites More sharing options...
IMHAL Posted October 14, 2009 Share Posted October 14, 2009 Can I remind everyone what our old friend Financial Planner said . . . DOW to go to 15,000 (within this sort of time frame). I was thinking that also. I suspect that Dr Bubb will be 'more' right tho - wild swings up and deep crashes until it blows over. Quote Link to comment Share on other sites More sharing options...
Joey Buttafueco Jr Posted October 14, 2009 Author Share Posted October 14, 2009 I was thinking that also. I suspect that Dr Bubb will be 'more' right tho - wild swings up and deep crashes until it blows over. Are there two Doctor Bubbs, because the only one I saw said it was time to short the FTSE when it was low 4000s, and called the "dead cat bounce" that wasn't in the housing market? Another contrarian indicator. Quote Link to comment Share on other sites More sharing options...
IMHAL Posted October 14, 2009 Share Posted October 14, 2009 Are there two Doctor Bubbs, because the only one I saw said it was time to short the FTSE when it was low 4000s, and called the "dead cat bounce" that wasn't in the housing market? Another contrarian indicator. There must be two Dr Bubbs, because the one I know uses the BDEV index to call turns in the housing market, of which he has not yet called the end of the DCB yet. He also called the bull trap months ahead of it happening if I remember correctly. I tend to read his posts and understand what he's saying. You got any predictions for us? or do you seltle for incorrectly taking the mick out of others. Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted October 14, 2009 Share Posted October 14, 2009 Quote Link to comment Share on other sites More sharing options...
Joey Buttafueco Jr Posted October 14, 2009 Author Share Posted October 14, 2009 There must be two Dr Bubbs, because the one I know uses the BDEV index to call turns in the housing market, of which he has not yet called the end of the DCB yet. He also called the bull trap months ahead of it happening if I remember correctly. I tend to read his posts and understand what he's saying. You got any predictions for us? or do you seltle for incorrectly taking the mick out of others. "He also called the bull trap months ahead of it happening if I remember correctly" You remember incorrectly. Do some research "of which he has not yet called the end of the DCB yet." I recall numerous topic where this wasn't the case" "You got any predictions for us? " That people that claim to be able to predict the market can't "or do you seltle for incorrectly taking the mick out of others." That claim to be able to predict the market but can't? hell yes. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 14, 2009 Share Posted October 14, 2009 Noel how nervous do you think the markets are over govt borrowing? Currently we are seeing govts borrow/print huge amounts of cash? Is this what's propping up earnings? Can this scenario continue? If govts pull the borrowing will demand remain as high as it is? Quote Link to comment Share on other sites More sharing options...
Guest BoomBoomCrash Posted October 14, 2009 Share Posted October 14, 2009 Confused We had not assumed our elected representatives were quite so venal and would gladly shovel trillions of dollars into the banking system. Without that the DOW would now be well on its way to oblivion. Quote Link to comment Share on other sites More sharing options...
Guest P-Diddly Posted October 14, 2009 Share Posted October 14, 2009 We had not assumed our elected representatives were quite so venal and would gladly shovel trillions of dollars into the banking system. Without that the DOW would now be well on its way to oblivion. Yes. Quote Link to comment Share on other sites More sharing options...
R K Posted October 14, 2009 Share Posted October 14, 2009 How's that DOW blasting through 10,000 of yours call getting on Noel? Looks like you spooked the entire markets. Keep it up lad. Quote Link to comment Share on other sites More sharing options...
IMHAL Posted October 14, 2009 Share Posted October 14, 2009 "He also called the bull trap months ahead of it happening if I remember correctly" You remember incorrectly. Do some research "of which he has not yet called the end of the DCB yet." I recall numerous topic where this wasn't the case" "You got any predictions for us? " That people that claim to be able to predict the market can't "or do you seltle for incorrectly taking the mick out of others." That claim to be able to predict the market but can't? hell yes. Sorry I distinctly remember the thread and he called it correctly - been about long time see (nudge nudge wink wink). Also remember the threads where he 'warned' that the DCB may be about to finish IF certain indicators turn and sustained their turn - which they did not. Is it too much to expect for some to be able to read and comprehend or is it selective memory syndrom? - still quite a few of you about these days so you got company. Quote Link to comment Share on other sites More sharing options...
Errol Posted October 14, 2009 Share Posted October 14, 2009 We had not assumed our elected representatives were quite so venal and would gladly shovel trillions of dollars into the banking system. Without that the DOW would now be well on its way to oblivion. This is basically the only way in which Cgnao (and others) have been 'wrong'. They underestimated the lengths our leaders would go to to prop up the financial system. To be fair, nobody could have predicted such madness. Brown, Bernanke et al are basically complete loons. Quote Link to comment Share on other sites More sharing options...
Guest P-Diddly Posted October 14, 2009 Share Posted October 14, 2009 This is basically the only way in which Cgnao (and others) have been 'wrong'. They underestimated the lengths our leaders would go to to prop up the financial system. To be fair, nobody could have predicted such madness. Brown, Bernanke et al are basically complete loons. Yes. Quote Link to comment Share on other sites More sharing options...
yellerkat Posted October 14, 2009 Share Posted October 14, 2009 DOW 10,000!!!! Oh Wait, Make That 7,537 Another great representation of the amazing loss of purchasing power by the US public are today's oblivious statements about the Dow at 10,000. While in absolute terms the Dow may cross whatever the Fed thinks is a necessary and sufficient mark before QE begins to taper off (Dow crosses 10k just as Treasury purchases expire), the truth is that over the past 10 years (the last time the DJIA was at 10,000) the dollar has lost 25% of its value. Therefore, we present the Dow over the last decade indexed for the DXY, which has dropped from 100 to about 75. On a real basis (not nominal) the Dow at 10,000 ten years ago is equivalent to 7,537 today! In other words, not only have we had a lost decade for all those who focus on the absolute flatness of the DJIA, but it is also a decade where the US Consumer has lost 25% of purchasing power from the perspective of stocks! Quote Link to comment Share on other sites More sharing options...
VedantaTrader Posted October 14, 2009 Share Posted October 14, 2009 (edited) "or do you seltle for incorrectly taking the mick out of others." That claim to be able to predict the market but can't? hell yes. On my God mate...seriously get a life. Have you not got a family or any friends to hang out with. Right for two years you have been set in your mind that markets can't be predicted. No one is asking you to predict anything which is your right. I dont post that often on here these days...but everytime I do lurk on to the main board you are there going over the same thing again and again ad infinitum. It is like it has become an obsession. I remember listening to something on the Radio recently where it can become an addiction. I bet its one of the first things you need to do when you get up in the morning..."Must check HPC" to see who said anything that might be construed as a prediction. My advice to you would be to take up a hobby, golf, football, snooker, get out get some fresh air, spend time with the family. You are probably in your forties now at a guess...I have seen many 40 plus year olds get crazy obsessions with things. You seem to spend your whole life for the last 2 years as far as I can see posting 1 or 2 lines posts multiple times a day and for what? Let people make predictions if they want...no one is asking you do. Your life energy must be a smidgen of what it could be, spending all day being antagonistic, petty and negative to all around. Edited October 14, 2009 by VedantaTrader Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 14, 2009 Share Posted October 14, 2009 We had not assumed our elected representatives were quite so venal and would gladly shovel trillions of dollars into the banking system. Without that the DOW would now be well on its way to oblivion. It would be quite interesting to see what would have happened without the free funny money in the global system. Anyone know how much as a % of global GDP has printed by our central banks to prop up the entire global system? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 14, 2009 Share Posted October 14, 2009 DOW 10,000!!!! Oh Wait, Make That 7,537 http://www.nypost.com/p/news/business/dollar_loses_reserve_status_to_yen_hFyfwvpBW1YYLykSJwTTEL They grumble that they've loaned the US record amounts to cover its mounting debt, but are getting paid back by a currency that's worth 10 percent less in the past three months alone. In a decade, it's down nearly one-third. Has the Dow gone up by over 10% in the last 3 months? Quote Link to comment Share on other sites More sharing options...
yellerkat Posted October 14, 2009 Share Posted October 14, 2009 Quote Link to comment Share on other sites More sharing options...
200p Posted October 14, 2009 Share Posted October 14, 2009 That dow/gold ratio will probably go 1-1, but I dont know anyone brave enough to be 100% in gold until 1-1 is reached, apart from cgnao. Quote Link to comment Share on other sites More sharing options...
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