Tuesday, May 18, 2010

We Donot Trade, We Plan, Gold May 18

Were you reading this , before market open May 18 2010?
while Others Trade, We Plan!

59 comments:

boris said...

xerxes said...
So who should we believe Dear Boris ... the French or the Goldmen :-)

5/17/2010 6:42 AM


xerxes said...
Ramin Toloui, a senior portfolio manager at Pimco, said the European Central Bank’s decision to buy government debt could be backfiring. Instead of encouraging private investors to keep their government debt, the programme might be leading to more sales, he said.

“The risk is that investors are using the ECB as a vehicle to exit their positions,” he said.

SELL MORTIMER, SELL!!

5/17/2010 7:59 AM


xerxes said...
Steve Barrow, currency strategist at Standard Bank: “Finance ministers in the eurozone might argue that they acted to save the euro but, in reality they acted to save national bond markets – and the euro is the fall guy.”

SELL MORTIMER, SELL!!

5/17/2010 8:08 AM


john said...
Boris

good morning

old john

5/17/2010 8:57 AM


boris said...
emini319
On Market Report

5/17/2010 9:26 AM


boris said...
My Very Dear Friend
John

Good Mornning and
Good Trading To you

5/17/2010 9:27 AM


xerxes said...
BOA Merrill Lynch ---- Gold to 1600 --- Break of 1.20, hello parity ...

5/17/2010 10:20 AM


Comment deleted
This post has been removed by the author.

5/17/2010 2:23 PM


boris said...
After all the games
the market closing with Inside day close

That is what we thought will happen and told our subscribers before market open(:-

Good Trading All

5/17/2010 4:12 PM


xerxes said...
Good Morning Dear Boris ...

UBS says on B-berg this morning that although EURUSD may bounce to 1.25 it is likely to travel below 1.20 to 1.15 by 2011 but 1.10 is possible as well .... they think parity is unlikely .... fair value was said to be 1.20

5/18/2010 2:50 AM


boris said...
Purchase Parity Value OF EURO is
Around 1.23 or so.

So, 1.50 was expensive and 1.10 will be pretty cheap.
Currencies can move long time against PPP though

Good Trading Dear Xerxes

5/18/2010 4:34 AM


boris said...
GOod Morning
To you too

Very Dear Friend
Xerxes

5/18/2010 4:37 AM


xerxes said...
B-berg interviewed an EU official that claimed 1.10 as fair value but he would be on the cheap side ....

Based on the price of petrol, the euro should buy 1/2 a buck Dear Boris :-)

5/18/2010 4:43 AM


Wanderer said...
Dear Boris,
Good morning.
Thanks and good trading.

Bert

5/18/2010 5:55 AM


xerxes said...
Russia cut the share of euros in its international currency reserves to 43.8 percent at the end of 2009 from 47.5 percent a year earlier, Interfax reported yesterday, citing central bank data. "

5/18/2010 6:16 AM


boris said...
Good Morning
And
Good Trading
My very Dear Friend
Bert

5/18/2010 6:23 AM


Leave your co

boris said...

G OOOOOOOOOOOOOOOO LD!

xerxes said...
This comment has been removed by the author.
xerxes said...

Danny Blanchflower, Economics Professor from Dartmouth College says on B-berg that EURUSD parity is 'unstoppable' Dear Boris

boris said...

Well, Well,

In Mid March we thought the GOld will have cycle low around April 21. Yes, we thought initially that low maybe lower than previous low of March 26, which we also identified as a cycle low!!!

Once it was clear that April 21st ( +- couple days) was a low, we projected that high date at Early May. We did not think new will be made by then, but could not rule it out either. In any case.

If you( and we did) knew all of these points( turn times)

WHY IN THE WORLD WOULD CARE WHAT EXACT LEVELS THESE WILL BE( even though we did , mostly)?


Well, we/you should care really. Just by low and sell high.

Is not it what Grandma told us about markets(:-

boris said...

I meant of couse

Just Buy Low and Sell Hugh(:-

boris said...

Emini320
On
Market Report

xerxes said...

B-berg tells us the world is bullish on America Dear Boris

boris said...

Dear Xerxes
Do you remember,
What B-berg said at SPX 666

Best I remember, it was not

"world is bullish on America"

(:-
Bloomberg is a great Misinformation network

Good Trading

boris said...

I must point
it out that is not because they want to.

They just do not know any better

Good Trading Dear Xrexes

boris said...

When CNBC offered
Market/Economic opinion I turned them off

WHen B-berg started doing the same
I did the same

TURNED THEM OFF!

Bloomberg wants to look a hybrid between the short skirted bebe's LIke FOX and Braindamaged Economists of CNBC.

Now, nobody knows what B-berg is any more

Because the best of the best.
Real Information they used and still provide is getting lost in between the fluff

GOod Trading All

xerxes said...

I wouldn't call Margaret Brennan a 'babe' Dear Boris :-)

I think B-berg is comical and that's what they offer --- laughs

I share their MARVEL thoughts with you :-)

xerxes said...

Soros bought a huge wad of JPMorgan Dear Boris ... Did he liquidate his gold trade to buy the shares ...

xerxes said...

Obama is long Treasury notes and bonds to the tune of a couple million ... He told us to go long at 666 .... Seems like this guy is a great trader Dear Boris

boris said...

Closing Update
Marker Report

xerxes said...

The Goldmen didn't lie this time Dear Boris ... 1.20 - 1.21 ... mission accomplished

boris said...

The number 1.20 was not hard to guess,
What was hard to guess, was what will be promoted this time and to what extent and GOLDMAN has more than a guessing part in that.

They can make it happen, with you and me giving them zero % Cheap money.

Count that one for Goldman.
But make sure you do not believe everything they say or you would have lost 78% of your money waiting for OIL to go over $200

xerxes said...

Good Morning Dear Boris ....

Seems like the euro is falling faster and faster .... 15 cent fall in a month ... Parity by the 4th of July Dear Boris?

B-berg is replaying the piece with David Blanchflower where he says parity is 'unstoppable'

boris said...

New Oscillators_net3.xls
File on
Services->bigpictures area

Pay special attention to the
Dollar Asset Oscillator.

Good Trading all

xerxes said...

B-berg says that the German ban on short selling is an 'act of desperation' Dear Boris ...

xerxes said...

"The government is the only institution that can take a valuable commodity like paper and make it absolutely worthless by printing on it."

- Ludwig Von Mises

boris said...

Correction to the
Text
At Market Report
Really, mean Bearish(:-

xerxes said...

80% of the Goldmen recommendations to its clients were losers Dear Boris .... 80% .... Why do people listen to them .... Apparently their only winner was to sell EURUSD at 1.35 targeting 1.20

xerxes said...

B-berg asks if we should 'revive the gold standard' Dear Boris ...
They suggest 1500 by year's end

Ivan said...

Dear Xerxes,
yes,Ludwig Von Mises, Austrian School of Economics, that is what could save this world... But the powers don't like it because they would lose the tools for manipulations.

boris said...

Dear Ivan,
Manipulation, as bad as it sounds
is a nice word.

The real one is

THEFT
Good Trading Dear Ivan

Ivan said...

Dear Boris, exactly.

For your German/Austrian/Swiss friends, I recommend the book 'Krankes Geld- Kranke Welt', the author is follower of Austrian School. That is the book about our banking system which has systematic error, about money printing and inflation,... I have just read it this weekend... Very good book, though there are other similar book in English.

xerxes said...

Eurozone policy makers are 'out to sea' in this unfolding tragedy --- B-berg

xerxes said...

The buck has cut the euro and pound and franc down to size, is working on the aussie and loonie but the mighty shmeck bucks the trend Dear Boris :-)

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

boris said...

Please see

Urgent update
On Market Report

john said...

Boris

Walking or swimming? Good morning

old john

xerxes said...

If one trades in a bathrobe, Dear Boris, does that make one a 'naked short seller' :-)

boris said...

emini321
At
MarketReport

boris said...

Dear Bert
Good Morning
and
Good Trading My Very Dear Friend

boris said...

Dear John
Good Morning
and
Good Trading My Very Dear Friend

Today I am Floating(:-
Considering the Markets

xerxes said...

SNB active today

boris said...

GOOOOOOOOOOOOOOOOOLD
!

xerxes said...

Yes, gold is up 950 since Gordon sold a bunch Dear Boris :-)

boris said...

I hope nobody missed the ILAP4+Fibo 61 at 1100 area.

ofir said...

Dear Boris,

A small question: from what I know PPP of EURO for 2009 was around 1.17.
(http://stats.oecd.org/Index.aspx?datasetcode=SNA_TABLE4)
Where is the 1.23 you mentioned coming from?
Thanks.

xerxes said...

good morning dear boris

boris said...

Dear Ofir,
I do not keep this info handy( it is useless number for trading).
I looked at tables presented few months ago, do not remember the source,( I believe those interested can find it at IMF/OECD sites). So, the rest was, what I thought has happened in the markets since then.

Good Trading Dear Ofir

boris said...

Dear Xerxes

Good Morning To you My Very Dear Friend

Ivan said...

Chances are not bad that we close this week about 1050 SPX!

Ivan said...

Europe already have Black Friday. Chances are good for USA now.

xerxes said...

Only appetizer served in Europe Dear Ivan ... Friday is main course :-)

boris said...

update
about GOLD
Market Report

boris said...

unable to brring upd the chart
Please,Please
Construct your own scenarios

boris said...

Update
On
Market Report

xerxes said...

Double dippin' talk on B-berg Dear Boris ...

boris said...

Sorry,
Apparently
Lost edit buffer again

Please see the update
On Market Report

boris said...

AHA,
If they could only see

YBR(:-

GOod Trading Dear Xerxes

I mean B-mberg , of course

boris said...

I mean may 26 in
Market Repot
Of course,

Corrected

boris said...

Bought one Plus 0n
at 1083, which sold at 1053

boris said...

total points gain in last 21 trades
is 370+70 = 440

440 pts in 21 trades , 20 pt average per trade.

there was nothing but a one very small ( couple pts )loss among these trades.

Hallelujah

And this is all verified by our subscribers who get messages regarding these trades
!

boris said...

Market Close

Update
on

Market report

boris said...

Dear Ralph send you email. please see it

Good Trading Very Dear Friend Ralph

xerxes said...

Good Morning Dear Boris ....

What e-mail?