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Posts by "montmorency"
678 Posts Total by "montmorency":
74
Posts by Anonymous "montmorency":
Unlike gold (which has mystique, and jewellery value, but not much else, unless perhaps you are a high-class dentist :-) ) copper is a real-world element with some excellent properties which will probably always be useful.
I can remember (and have quoted this before), before digital cameras, when everyone still used film, people in the photographic industry worrying about potential shortages of silver (used in film).
Well, nobody at that point, foresaw the digital revolution. I don't know if it directly contributed to any drop in the price of silver (I wasn't following the markets in those days), but it must have made a difference.
Possibly the same could happen with copper, but I doubt it somehow.
I don't particularly remember Ashraf giving us all that many general rules for trading, except to use our margin wisely, but I probably miss a lot.
I don't mind admitting, there are clearly people here who are far better traders than me, and I'm here to learn.
A bit of humility is the one thing I can afford :-)))
And as a reminder to myself, if nobody else: Trade what you see, and not what you think or believe.
There was a time when a government bailout would have been a dead cert.
In the present climate, I don't see that as being very likely.
But who knows?
It was regarded as being as safe as the Bank of England in those days.
What a different world.
@Forum: There seems to be a bit of a forum consensus that EUR/USD may continue to rise to ...1.27, 1.28, maybe 1.30, maybe 1.35, but then over summer or after, it will get smashed down.
Why do people believe this (if they believe it)? Why couldn't it just keep on going up, especially if the news from the US continues to be bad (and where is the good news likely to come from?).
I've been flat for some while.
If I were going in at the moment, I really am not sure if I would go short, or wait for another run up and go long. Think I'll stay flat!
Yes, Germany for the cup for the reason stated, plus this team is actually quite good at football!
(Not me I'm afraid).
Everyone hates penalty shootouts don't they? Seems so unfair for a 90minute + match to be decided in a few minutes like that.
Why not have a points system analogous to that in boxing?
So you could have maybe points for clear shots at goal (should encourage attacking football).
Plus anything else positive anyone can think of.
Then you could have negative points for offsides, fouls, arguing with the ref., maybe even corner kicks, plus whatever else anyone can think of.
Now there would be an additional incentive for good behaviour.
If there is a draw on goals, then the result is decided on points.
Only in the unlikely event of a points draw would you need a penalty shootout.
Could this work?
If so, could kill two birds with one stone.
July 1, 2010 03:59 GMT:
On gold:
"We recently bought gold at $1226 and sold out between $1255-1260 a couple days later because it's not just screaming at me as a great buy. I am not a gold bug, I'm a trader who finds low risk opportunities, gets in and out with maximum profits and minimal draw downs spending most of my time in cash. They way I see things is that there is always another trade just around the corner."
See also what he says about oil and equities.
I think Ashraf is right and it is going to be a Germany-Holland final.