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This thread was started in response to the Analytic:
EUR Trade Index 18-Year Chart
Daily EURO chart of 18 years of cyclical developments in finance & politics
Here is a chart as of Dec 2009
http://en.wikipedia.org/wiki/Gold_reserve
US houses a lot of German Gold also...so the top 2 figures are not entirely correct. Gold is so hard and cumbersome to move making it one of the most difficult 'monetary vehicles' to transport - no joke :) Making it one of the toughest to hedge against inflation or currency depreciation.
At the end of 2006, it was estimated that all the gold ever mined totaled 158,000 tonnes[wikipedia s37] and its January 2009 issue, National Geographic magazine writes: "In all of history, only 161,000 tons of gold have been mined, barely enough to fill two Olympic-size swimming pools." This can be represented by a cube with an edge length of about 20.28 meters.
The average gold mining and extraction costs[when?] are US$238/oz[citation needed] but these can vary widely depending on mining type and ore quality. In 2001, global mine production amounted to 2,604 tonnes, or 67% of total gold demand in that year.
Gold is so stable and so valuable that it is always recovered and recycled. There is no true consumption of gold in the economic sense; the stock of gold remains essentially constant while ownership shifts from one party to another.[wikipedia s39]
I'm still waiting for the meteor filled with gold and ice to hit my pool...until then, I work.
On a different thought, less than one-trading hour remains for the usd bears to incur their three days premiums. I expect to see a sharp pullback in aud at this time, which will lead eur and gdp lower.
These guys don't want to be so short USD heading into U.S. NFP tomorrow 5:30 am new york time.
Let's work together to make some $$ Said.
Regards
if i follow you well its a perfect orchestration.
so who buys gold? why buying gold? who are the biggest holders of gold reserves?
which central bank or reserve federal provide the arbitrage for gold reseves?
in which framework do we have to insert this datas and even if we have the frameworks?
a lot of questions.can u help me?
I JUST GOT SOME VINTAGE MARVEL COMICS.
for gold the first major wave began in may 2005. it will end at 1350 fourteen hundreds.
we have time to communicate.
have u read anything about the European Doctrine?
LOL-you are now getting comical. I just PROVED to you what I was saying was true.
Take a step back and look at the big picture. Gold has rallied $50 in three trading days, allowing aud and nzd to go ballistic. Will this continue?
Eur and gdp would already be toast had it not been for the gold rally offering support, and for the eur PPT.
Again, I'll side with Ashraf's expert analysis on long usd.jpy and short eur and gdp.
You can continue to microanalyze every piece of datas unitl you are in a state of "paralysis by analysis". My twenty plus years in financials has taught me ONE things consistantly: Ashraf's recent muse that charts don't lie is absolutely, 100% completely true.
Now we will see if his call for Eur at 1.42 and then sub-1.40 is accurate, or if you are correct. That's what makes a market-folks on both sides.
MY PROJECTIONS FOR PAIRS MIGHT NOT BE ACCURATE BUT I AM CONFIDENT IN MY THOUGHTS
SINCE U BEGIN POSTING UR TOY BOY FUNNY THINGS U JUST CONFIRM MY THOUGHTS
U HAVE THE PIECES OF THE PUZZLE AND IF U DONT ASSEMBLE UR REALLY NAIVE.
ITS A MATRIX WITH ITS CONSTANT COMPONENTS.
Hardly....
You CANNOT be that naive. There are many reasons for intervention. The eur PPT does not care where eur is in six months, they only care where it is in the next day or two.
If I understand you correctly, you do NOT believe Ashraf's analysis that Eur heading south.
We will see...
IF U WANT TO PARTIALLY UNDERSTAND WHY GREECE HASNTO BEEN BAILED OUT ULL HAVE TO GO 16SEPT BLACK WEDNESDAY.