That's the point I was making Dunrunnin. There is no other choice but to do what has been done with regard to currency.
GOLD is much like any thing else now. All about market forces. I would rather have food and water and shelter in my lifeboat than a chunk of gold.
THere is not enough gold and silver in the world to function as a currency, so what should be used?
troll, how you start a trading room and show us this stuff live. They went to 46 and stop on the ES because that is where they had to stop to maintain a bullish appearance so they could distribute. Fibs do not show you that and never will and neither will fans.
then 2059.50 is the level that the bulls have to keep it above, buy it and bid it. It's that simple. It's up to them to expand the range and drag the lagging indicators up.
It spiked up on the known news. But the baggies chased it above 2043.25. They now have to be absorbed.
Reality is quite simple. It takes about 3 to 5 years for bad policies to filter into the stock indexes. Subprime lending was a bad policy. It was in full force from 2004 to 2007. When was the first warning shot.
Glass Stegall abolishment was in 1996 give or take. When did the NASDAQ top out and then crash.
This time is very very different. No more Investment Banks. All commercial banks backed by the FED.
Horribly dangerous and the entire game is to paint stock indexes. What will be left is simply a pile of Gov debt with no way to be repaid.
It has been known for quite some time that Mario is going to print. The entire point of this is to try to paint it yet again. Now they painters have to buy it and push it above 2023's. The pressure in on the bulls to keep buying and bidding.
If you are talking about the Euro.......looks to me like it will regress back to about .90 or so. Breaking 1.25 was the kiss of death.
yen is dead.......been dead........how low? No idea but it has been technically dead since April 16th 2014.......somehow it was propped up above 1.30...But it was still technically dead and all that push up prop job was just a fake out.
Hyper you are correct. It is all criminal.
Central Banks should not be allowed to buy or sell any financial instrument. Do the accounting, do the debits and credits and clearly the QE programs existed because the USA could not find buyers for its paper.
DEBIT SIDE: 3 trillion in US PAPER, that's the asset.......what's the CREDIT? What did they use to pay for it? Must be something like NEW MONEY.
This is totally different than other accounting.
So the credit side of the entry on the Feds books is some account that has been made up for the entire purpose of trying to satisfy a dual entry system.
A Central Bank basically sees itself as some type of fiat gold mine that can never run out of credit entries.
That is what is criminal about this entire process. The FED and the GOV are complicit in the crime and that is why the hammer has not been dropped on anyone but some small fish here and there.
I knew you would respond like that. You are very predictable. You have to ask what is causing that to occur. I won't argue the point with you, but there are 2 sides to a balance sheet.
Why are the jobs being created ? What are they? What type of housing is being built. You are just simply wrong.
Now, the chart is still saying that the indexes are in a bull market condition. And this can last longer then most people think. But all you have to do is look at the YEN, and the EURO and that should tell you something.
I am looking at a 2 year chart on the INDEX and we got the fail above 2054.50 on the ES as expected. We also got the sell signal for the day ...how low it goes? I don't know.
I think you should try this. Run a 500 day chart and put up a 252 day linear regression curve and a 252 day simple moving average. It will show you a lot about when something is in trouble.
Try it, you will see a channel. It shows you quite a bit about trends. Run this Setup back on the indexes 15 years.....or as long as you like. I think you will appreciate this because I know you look at channels.
DUNRUNNIN you are so WRONG. The economy has not been positive. If you look at a company that just keeps growing due to internal growth and have constant positive cash flow and can service its debts then you have a real winner.
A great example of course is the illegal drug trade. You think that the Heroin producers can run to a bank and get a loan???? But these cartels do just fine and have positive cash flow. Perhaps they can launder their money via legit enterprises and then that enterprise can get a loan and then move money to a shell company to finance the poppy fields but I highly doubt it.
Now I know you will say something like we are financing growth and all that jibberish, but this is a financing that can not and will not be paid back.
The government debts that have flowed into the economy can not be paid back. This is good for stocks for only so long and then reality sets in.
IN the end you get 1 of 3 things. The central bank fails.....and they do. Or the currency no longer trades and it has happened.......or no more printing and then there is nothing to support stocks.
We have had this little #$%$ chat before but you are simply not seeing things for what they are.
"well I am long at 103.35 1000 Q shares( and will sell in the 104's-105 or buy more if there is a deeper dip, I continue to do what has worked , nothing has changed and as long as rates are where they are or bellow 2% then markets are the trade... cheers"
This is what you said on JAN 2.
If we do the math you had to buy the other 1000 shares at an average price of 99.71.
And......we did not get to 104 yet. Not even in pre market.......so perhaps you are not telling us the truth?
So what is the real problem? Deficit spending and gov legacy costs. A talking head on CNBC said in 2009 or so that he expected a new financial system to be in place in around 10 years. I have said this all along and will continue to say it.
There is NO ECONOMIC GROWTH occurring. NONE.
True growth does not require the issuance of debt that can not be repaid. IF you back out all the gov spending that can not and will not ever be repaid.........what would things look like?
Well clearly many companies that rely completely on Gov spending would be in the toilet or at best, much smaller.
This will all come home to roost. Either the entitlements get cut, and gov spending goes down or it simply implodes. They are hiding their bad paper on the books of the FED because in theory a reserve bank can not go under.....but.....they can.
You are SPOT ON. There is NO WHERE TO RUN and NO WHERE TO HIDE.
The end game is when you see the suspension of trading in a currency.
So if there is no currency then how does one do an ACCOUNTING (assign a value) to something like a house or a car or a chunk of gold.
Well, it can not be done. But what can be done is the following:
You can stay in my apartment complex but you must give me food every day. Or some other barter.
Or you use the currency of another country that has not collapsed.
The game is on and as HIGHLANDER had said " There can be only one (currency)"........
Stocks mean absolutely nothing and I have to say, I would rather have a whole bunch of canned food in my pantry then fine art.