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DaveO
(N.Cornwall, United Kingdom)
512 Posts by Anonymous "daveo":
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DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 4, 2013 18:35
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
The wicked webs we weave:- Gold.
http://jessescrossroadscafe.blogspot.sg/2013/07/macleod-bank-of-england-may-have.html
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 3, 2013 22:56
In Thread: Will the Fed keep purchases at $85 bn until year-end? Or, will it increase QE?
In reply to dnicu26's post
"Why would they make any changes, even by $5 or $10bn when they know the market will over react to these."


They might make some small token change to establish Bernanke's exit strategy BEFORE he retires from the FED. Put yourself in Bernanke's place---would you want to resign before starting an exit strategy, however miniscule and flexible---I think not. Greenspan before him is left with little if any respect.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 2, 2013 21:59
In Thread: Commodity FX (CAD AUD NZD NOK)
On the 31st May Ashraf predicted 8850 for audusd. Today made a low at 8870, near as dammit is to swearing.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 2, 2013 21:54
In Thread: Commodity FX (CAD AUD NZD NOK)
In reply to Rezz's post
TY Rezz, I missed your reply.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 2, 2013 21:43
In Thread: EUR
EU bearish count. Probably done 5 down on the H.1 from the 3344 high. I wouldn't want to see the current ret exceed the 78.6% level at 3310.Its already achieved the 61.8% level after NFP
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 2, 2013 20:39
In Thread: EUR
Do you know how they do the unemployment household survey in the US ?

When I read about the methodology I thought that has to be one of the dumbest things I have ever read in my entire 69 yr life--lol.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 2, 2013 20:34
In Thread: EUR
In reply to Nor's post
now would I --------- :-)
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 2, 2013 20:32
In Thread: GBP
GJ also looks similar position with 5 down on H.1 from the 154.03 high to LOY. Now reached 50% ret for probable A wave, B and C to follow to complete corrective ?
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 2, 2013 18:37
In Thread: EUR
And no point listening to economists--99% are wrong with their forecasts 99% of the time. It's one of those completely useless/futile professions. They should all be rounded up and put into manufacturing jobs.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 2, 2013 18:17
In Thread: EUR
Have you heard about the new dance called "The Taper".

One step forward, two back, one step to the left and two steps to the right, all turn around and repeat. Try to look as stupid as you possibly can.

Its all about Bernanke's resignation from the Fed, nothing more, nothing less.

The US economy still has enormous downside risks on a macro perspective (as do all our economies)
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