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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
they have only one objective, but not the other. The FED is owner of each and every greenback ever printed. And those prophets assume consequently the FED's only objective is to devalue thier very own possess? To eventually nil?
Only a perfect moron could assume such.
I tell you mark my words GOLD will be devalued. Stocks will be devalued. But not USD cash.
My grandfather used to tell me often, when i was very young, don't you ever hold physical gold when government drowns in debt. They will confiscate it , no compensation.
He knew well what he was talking about. The Weimar republic had confiscated his gold, and later the Nazis confiscated his most valuable property because his wife, my grandmother, had a jewish father. That saved her from Auschwitz.
So when things come tumbling down the govt is your enemy.
Qingyu.. simply most retail traders think a like.. particularly spread betting brits:-).. and they get caught wrong footed most of the time.. just have a look at trading in cable.. big boys as you call them look for liquidity and they often create conditions for that to occur.. asian trading is particularly known for that.. and many seasoned traders avoid it for that very reason..
how about u tune in each day on your own euro thread and give us a daily dose of your wisdom?
OR provide us with the ability to convey our views with a decent chart service here?
should be plenty profits by now to pay for that small programming update.
gl, gt