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Posts by "montmorency"

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montmorency
(Abingdon, United Kingdom)
74 Posts by Anonymous "montmorency":
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montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 22, 2010 10:36
In Thread: GBP
@Shane - election fever? (somewhat as per Ashraf's IMT of April 22, 2010 07:34 GMT).
Sooner or later it will run out of virility and flag :) The 2nd election debate is tonight, and as Ashraf suggests, Brown and Cameron will be gunning for Clegg, who was seen as "winning" the 1st debate by a mile. It's probably a time to snatch pips when you can. Some choppiness seems inevitable.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 21, 2010 22:21
In Thread: GBP
I'm short, but with relatively modest targets of 1.535, maybe 1.530.
There is probably more downside, but am being careful about being caught out down here (as I have been before).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 21, 2010 22:11
In Thread: Gold & Silver's Dead Cat Bounce
@Rrose: Me neither. I think AUD/USD should have some more upside (I think it's just taking a breather), but perhaps not beyond .936 or so?

I'm waiting to see if Gold gets anywhere near 1160 again in the shortish term.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 21, 2010 10:21
In Thread: EUR
You could both be right. Still downside potential, but a bounce to 1.35xx not too difficult to achieve before then? (If it does, I'll be shorting it).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 21, 2010 1:18
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
@Said: There certainly is a Futex office in Woking (as well as one in London).

Or perhaps you meant that there would be no job for you at the Futex office in Woking?



Unfortunately, as I am not qualified in cryptoanalysis, I find most of your posts hard to understand.


If it is any consolation, from what I read, prop shops are not all they are cracked up to be, and you might be as well off just doing your own thing, or perhaps sharing some rented office space with like-minded people if you need the company of fellow traders.



@Koolstad: Don't know about bear flags but it seems that gold is warming up.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 18, 2010 23:00
In Thread: EUR
@Asad: I could argue about Black Swan events on several grounds but won't waste time and space here and now. Let's perhaps just compare notes on it in a few weeks or months :-)
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 18, 2010 22:47
In Thread: USD
Regarding the reference to the FSA in that Bloomberg piece, the satirical magazine "Private Eye" has said that the FSA (which it describes as normally "supine") has had its mind concentrated (as in the Johnson quote - see below) wonderfully by the prospect of being abolished by the Conservatives, and is belatedly starting to take some action.

Famous saying of Doctor Samuel Johnson:

""Depend upon it, sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully."
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 17, 2010 14:00
In Thread: EUR
It occurred to me the other day that the Icelandic volcano eruption, with its effect on air traffic over the UK and mainland Europe was something of a black swan event - out of the blue, little or no warning, with a potentially major economic effect. Maybe not as great an effect as some other events, but not to be ignored. It is supposed to be costing the UK economy 100 million per day Multiply that by the number of countries involved. And I think this could be an underestimate.

Then we have the GS fraud charge, with its immediate effect on the markets, and a more subtle effect on the reputation of the banking sector in general.

I wonder if we will look back on this time in the months and years to come as another turning point?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 16, 2010 18:59
In Thread: S&P500 / VIX Ratio & USD LIBOR
Sweet irony that it was a Goldman story that seems to have led to the fall in the stock market, not to mention Gold.

I hope PippedOff is enjoying this, holed up in Azkaban, Shangri-La, or wherever it is he is hiding himself.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 16, 2010 18:42
In Thread: EUR
Some stories from The Guardian today on Greece:
http://www.guardian.co.uk/business/2010/apr/15/greece-imf-rescue1
http://www.guardian.co.uk/business/2010/apr/15/greece-imf-rescue
http://www.guardian.co.uk/world/2010/apr/15/larry-elliott-greece-imf-analysis

From that last story:

"Greece was the test of whether Europe could pull together in support of its weaker members. It failed.

Only with extreme reluctance has Germany been persuaded to play its part in the Greek bailout, with Berlin making it clear that it was up to Athens to sort out its own mess. The consequences of that hardline approach are now clear. A crisis that could and should have been contained could now easily go viral, as it did when Thailand became the first domino to fall in 1997. Greece is not the only country in Europe with problems, as the hedge funds know only too well."
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