plummet expert Posted June 4, 2010 Share Posted June 4, 2010 Look at- http://finance.yahoo.com Volatility returns only needing disappointing job numbers to cause the stir. Look in particular at the gold price which edged up on this news. It has been happening for a couple of months now, but it is worth noting that when the Dow falls by anything more than usual, then gold blips up. It had hitherto ben the case that when the market fell gold would tend to fall with it. NOT anymore. It more confirmation of 'detachment' and indicates the likelihood that gold and silver will go up substantially on any crash, volatility and so forth. I totally agree with Bob Janjuah of RBS. See him on CNBC or the thread posted elswhere on this site. Quote Link to comment Share on other sites More sharing options...
Mega Posted June 4, 2010 Share Posted June 4, 2010 In the end 1 Euro = £1 =$1.....................3 way paraty...........then "something" will happen. Mike Quote Link to comment Share on other sites More sharing options...
Pent Up Posted June 4, 2010 Share Posted June 4, 2010 -2.49% now. 9999. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted June 4, 2010 Share Posted June 4, 2010 In the end 1 Euro = £1 =$1.....................3 way paraty...........then "something" will happen. Mike I think this is where it is headed. As Del's Italian great great great etc. granddad would say: Lovllicus Jubblicus. Quote Link to comment Share on other sites More sharing options...
Giordano Bruno Posted June 4, 2010 Share Posted June 4, 2010 In the end 1 Euro = £1 =$1.....................3 way paraty...........then "something" will happen. Mike Showing my age, I remember when £1 was $4. That was before decimalization, when 2 shillings and sixpence, or 'half a crown' was known colloquially as a 'dollar' because there were 4 half crowns in a pound. Even though it was over about 50 years, why should the pound become so devalued? Quote Link to comment Share on other sites More sharing options...
whoami Posted June 4, 2010 Share Posted June 4, 2010 Showing my age, I remember when £1 was $4. That was before decimalization, when 2 shillings and sixpence, or 'half a crown' was known colloquially as a 'dollar' because there were 4 half crowns in a pound. Even though it was over about 50 years, why should the pound become so devalued? I think you'll find a half crown was known as 'half a dollar'. (If 5 shillings equalled a dollar.) Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 4, 2010 Share Posted June 4, 2010 When I went for a kip the DOW was up - now down 2.5%. Very warmn here. Fiancial and weather rolled into one. Quote Link to comment Share on other sites More sharing options...
Giordano Bruno Posted June 4, 2010 Share Posted June 4, 2010 (edited) I think you'll find a half crown was known as 'half a dollar'. (If 5 shillings equalled a dollar.)Well done. You are right. Silly me. Since there were twenty shillings in a pound. Edited June 4, 2010 by Giordano Bruno Quote Link to comment Share on other sites More sharing options...
R K Posted June 4, 2010 Share Posted June 4, 2010 Look at- http://finance.yahoo.com Volatility returns only needing disappointing job numbers to cause the stir. Look in particular at the gold price which edged up on this news. It has been happening for a couple of months now, but it is worth noting that when the Dow falls by anything more than usual, then gold blips up. It had hitherto ben the case that when the market fell gold would tend to fall with it. NOT anymore. It more confirmation of 'detachment' and indicates the likelihood that gold and silver will go up substantially on any crash, volatility and so forth. I totally agree with Bob Janjuah of RBS. See him on CNBC or the thread posted elswhere on this site. It's moving with the dollar and contrary to the Euro - for obvious reasons. i.e. gold has become an anti-Euro trade rather than an anti-dollar trade. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 4, 2010 Share Posted June 4, 2010 Below 10,000 - it will be 14,000 by close Quote Link to comment Share on other sites More sharing options...
plummet expert Posted June 4, 2010 Author Share Posted June 4, 2010 Showing my age, I remember when £1 was $4. That was before decimalization, when 2 shillings and sixpence, or 'half a crown' was known colloquially as a 'dollar' because there were 4 half crowns in a pound. Even though it was over about 50 years, why should the pound become so devalued? We are massively devalued against some currencies in the last 50 years. Used to be 5 USD to the pound and same against the Aussie dollar. We have relied on devaluation as an economic tool instead of seeing it as a consequence of failure. We have failed to maintain productivity. Bad management and bad political leadership from 1945 to 1979. Then a few errors and falls later we got to 1997 when almost all economic indicators had us ready to prosper unlike the last 100 years or so of decline. Surplus of £40Billion pa. Then what happened....oh yes Mr Brown. Quote Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted June 4, 2010 Share Posted June 4, 2010 Below 10,000 - it will be 14,000 by close as long as it stays above 1 things should be ok on Monday Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 4, 2010 Share Posted June 4, 2010 We are massively devalued against some currencies in the last 50 years. Used to be 5 USD to the pound and same against the Aussie dollar. We have relied on devaluation as an economic tool instead of seeing it as a consequence of failure. We have failed to maintain productivity. Bad management and bad political leadership from 1945 to 1979. Then a few errors and falls later we got to 1997 when almost all economic indicators had us ready to prosper unlike the last 100 years or so of decline. Surplus of £40Billion pa. Then what happened....oh yes Mr Brown. Brown's mission is almost complete. He has gone back into sleeper mode and his body will shortly be stored next to Lenins - until global Marxism needs him again. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 4, 2010 Share Posted June 4, 2010 It got down to 9921 and then the plunge protection team stepped in - now 14,000 Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 4, 2010 Share Posted June 4, 2010 DOW just went below 9900 - at one point today it was up around 11,145. Should be a big rally on Monday... or maybe in the next half hour Quote Link to comment Share on other sites More sharing options...
RDW Posted June 4, 2010 Share Posted June 4, 2010 DOW just went below 9900 - at one point today it was up around 11,145. Should be a big rally on Monday... or maybe in the next half hour You must mean 10145 Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 4, 2010 Share Posted June 4, 2010 You must mean 10145 No, it shot up mid morning to just about 11,145 - I was amazed just looking at it. I assume they were expecting superb job numbers and then they got the shock. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted June 4, 2010 Share Posted June 4, 2010 I never normally think about making predictions but could be a very dark Monday on the FTSE. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 4, 2010 Share Posted June 4, 2010 DOW closed at about 9930 after flirting just below 9900 for the last hour or so. At one point it was up to about 11,145 so that is a 1,215 or so drop once the job news broke. On Monday the FTSE should tank - especially if BP bring out bad news over the weekend - but it would not surprise me to see the DOW jump on Monday... should keep an eye on US news over the weekend to see how pessimistic the news reports are. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 4, 2010 Share Posted June 4, 2010 It doesn't say that on my advfn screen. Current: 9931:22 High of 10249.61 Low of 9890.33 Edit: Clarity. Volume 256,250,508. I was following the DOW via livecharts - hang on... Quote Link to comment Share on other sites More sharing options...
paradigm Posted June 4, 2010 Share Posted June 4, 2010 (edited) DOW closed at about 9930 after flirting just below 9900 for the last hour or so. At one point it was up to about 11,145 so that is a 1,215 or so drop once the job news broke. On Monday the FTSE should tank - especially if BP bring out bad news over the weekend - but it would not surprise me to see the DOW jump on Monday... should keep an eye on US news over the weekend to see how pessimistic the news reports are. No it wasn't - believe me, if that had been the case there would be big headlines like when we had that big intraday plunge. Yesterday the DOW closed in 10,250. Today it opened a bit shy of 10,100, a big gap of more than 150 points. It was never higher than 10,100 during the day. It eventually closed in 9931 for a total loss of around 350 points compared to the closing price yesterday. Edited June 4, 2010 by paradigm Quote Link to comment Share on other sites More sharing options...
Pent Up Posted June 4, 2010 Share Posted June 4, 2010 I've been receiving emails & chart prediction from various sources over the last week all pointing to a sell off 'Shares' resident Chartist is very bearish (down to 4400) so anything could happen. Monday morning surge then? Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted June 4, 2010 Share Posted June 4, 2010 A 3%+ fall on a Friday, they usually manage a rally for the weekend, things must be bad. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 4, 2010 Share Posted June 4, 2010 Ignore that - I was reading the charts wrong. Oh well, panic over Quote Link to comment Share on other sites More sharing options...
RDW Posted June 4, 2010 Share Posted June 4, 2010 (edited) That chart's dated february unless I'm a numpty Edit, we're both numpties Edited June 4, 2010 by RDW Quote Link to comment Share on other sites More sharing options...
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