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Posts by "klondike"

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37 Posts Total by "klondike":
27 Posts by member
Klondike
(Idaho, United States)
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Klondike
Idaho, United States
Posts: 27
13 years ago
Mar 10, 2011 6:39
In Thread: USD
@I'm wondering, becuz a measure of your grandfather may have drained down to you! :)
Klondike
Idaho, United States
Posts: 27
13 years ago
Mar 10, 2011 6:25
In Thread: USD
@DaveO

So, what did your father think of all this?
Klondike
Idaho , United States
Posted Anonymously
13 years ago
Mar 10, 2011 3:33
In Thread: EUR
I'm still holding a portion of my Eur/USD short. With the announcements of rate hikes the ECB has brought confusion to the business climate and I believe the wealthy will withdraw more funds from the Euro than those purchasing. Something about the German fetish concerning inflation since Weimar. The price of oil, inflation caused by oil prices is unaffected by interest rates unless those interest rates slow down the business climate and demand for oil. What foolishness. This is a bit of a reach for day trading, but if I might trouble your ears for a moment longer. What game are they playing. Interest rates should have been determined by the markets, not some fiat directive. Keynesians causing crisis after crisis, malinvestment, instead of a normal business cycle.
Klondike
Idaho, United States
Posts: 27
13 years ago
Mar 9, 2011 21:37
In Thread: USD
Much like handicapping the horse races. You handicap the horse, the rider, the competition, the track. and the inevitable trainer that drugs his horses. lol
Klondike
Idaho , United States
Posted Anonymously
13 years ago
Mar 9, 2011 2:47
In Thread: EUR
I also believe the threat of interest rate hikes is a warning and meant to put pressure on Greece and Portugal to get things worked out, now!
Klondike
Idaho , United States
Posted Anonymously
13 years ago
Mar 9, 2011 2:21
In Thread: EUR
New pip
Not sure of all the why's on the euro but timing seems right for a 38.2% retracement of the move from 1.3426. Sold half my position at 1.3862. May not happen but holding the rest for a full 38%. I believe the interest rate hike threat could backfire on them but who knows when exactly?
Watching dollar gold and silver, not sure about euro gold. Should be watching that. Gold is not really down (nor it's sister silver) really. Just seeking some equilibrium after the run from 130?5. They're consolidating. Silver is affected by the U.S. stock markets and by gold. S&P 500 has also been in consolidation, triangular boundaries started at around 1340 and 1292. Getting tighter.

I remember from my youth hearing of China's old love affair for silver. I suspect, with inflation threats there is a rekindling of that affair. Increased demand in the world from a well deserved lack of trust in governments and central bankers is the real demand, and now greed. Quite a volatile mixture. Throw in some fear.

Not saying either will break out higher, though I do favor that notion. There are large numbers of amateurs also piling into silver simply because it's one of the things showing a strong move. I do not favor being in with them for very long periods. But hey! Just like the forex markets, there's more where those came from(sic). Personally I take a lot of advice in the Euro forum from folks like Subway and Ignore.
Klondike
Idaho, United States
Posts: 27
13 years ago
Mar 8, 2011 8:43
In Thread: EUR
I still wonder about the wisdom of raising interest rates and the excuse some are using, becuz high oil prices cause inflation. For one thing raising interest rates is not going to affect the price of oil. Secondly it would only add one more burden on struggling businesses.
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