Posts by "daveo"

QE2 is not printing money as such. Real unemployment in US is nearer 19% than 9% with manufacturing jobs having declined for many years. The only way the US can pull through is by creating new industries in time to save the day. Furthermore their demographics are not as bad as Japan's but bad enough to become a major problem.

When bernanke was first appointed he was taken into the back room and genetically programmed to do whatever it takes to fight deflation so we can expect more of the same.

We are all doomed in one way or another. Its just a matter of time for the day of reckoning. The only tiny ray of hope lies with our scientists and the removal of their handcuffs.

So what's the point of arguing about which nation is in more trouble than the next. China also have massive potential problems lurking.

CL is bucking direction of cad, stocks and gold intra day basis. Something has to give !

CL hit my stoploss today for a small loss. Gonna stand aside for clarification.

We are all effectively bankrupt. Many years of irresponsible government. Bring along genetic modification I say.

eurusd, significant downside targets for me at 1.2950 (100% sym from 1.4281 high clustered with 78.6% ret of the move up from 1.2587 low). Beyond that the 127.2% ext at 1.2717. First we would need to take out the 1.3200 Friday low. We have the 200 DMA in the path at 1.3120 for initial potential support.

For upside targets I would want to see 1.3450 taken first. Right now the charts favour more downside until mr market decrees otherwise.