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Posts by "catnip"
2150 Posts Total by "catnip":
2148
Posts by Anonymous "catnip":
Very likely Greece will get some aid tomorrow sort of bridge. I don't believe EU allows default.
At least not now. Must come up with some workaround to legal constraints or risk open questioning whether the Euro construct is viable at all. Greece is just a TINY headwind! And Eur is a POLITICAL construct and hence political currency. That is the core of EU's problem euro was designed like a machine on a drawing board but without instruction manual how to fix it in case of malfunction ... that is politics at its best.
The disadvantage it loses all value if the knockout barrier is hit or crossed. There is no margin call, however. Contracts for difference ( CFD) are cheaper ( the spread is smaller) but these have the risk of margin calls. basically if you buy a 100:1 knockout turbo or CFD for 1 k you actually move 99k credit.
I bought 23.8 k eur and sold at 30k fees included taxes excluded (25% sigh) its a 100:1 knockout turbo
issuer commerzbank
no worry
concur I see gold currencies AUD CAD ... falling vs USD I see UST 10 year price skyrocket that is exactly the opposite of what drives gold. I am short gold comex future since 1145
comex gold future going down to 1060?
crisis. I don't bet on EUR falling below 1.30 USD.