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- 323 Results (309 Replies, 14 Comments)
- EricB replied Jun 20, 2013
Hello Everyone, I am still on my hiatus until first week of July, but dropped by to say hello and comment on recent moves. Moves experienced were on low volume hours and smells of manipulation. JP Morgan vaults are close to empty and they have ...
- EricB replied Jun 1, 2013
timeframe
- EricB replied May 30, 2013
Hi everybody - I know you are all very bullish now, and you have known my trading calls in the last couple of months in both directions. I would advise caution at this point and that is the reason why I have closed 70% of my longs from 1356. I would ...
- EricB replied May 30, 2013
If you go through my posts from last week you will see why I had made the call for this week. Crude has significantly different fundamentals to Gold in this environment even though they are correlated of and on.
- EricB replied May 30, 2013
From May 24th I am closing some positions here (about 8000 pips), keeping some open. This is the last resistance to get through and we might meet my target of 1430 but I would advise booking some profits. Well done Raza and Elek.
- EricB replied May 30, 2013
There may be sharp moves today. I would advise removing SL's on any new positions taken today temporarily between 20:15 and 20:45 EST.
- EricB replied May 30, 2013
Agreed. Shorting it.
- EricB replied May 29, 2013
I am not entirely sure if this is the start of the drop or not but I know that the markets will correct atleast 20% when it really starts - it needs some kind of catalyst. The credit markets are already showing weakness, earnings are topping out. I ...
- EricB replied May 29, 2013
Two examples of ridiculous stories: Bloomberg: url They have become desperate enough to see correlation between two commodities with no similarity whatsoever in every paramater and aspect of market here. url Another one on bloomberg quoting a ...
- EricB replied May 29, 2013
I can only speculate. I have a feeling Bullion banks are slowly loading up on supply while trying at the same time to go in at short enough orders so the only the amount that comes available gets filled. So they are driving the sentiment down ...
- EricB replied May 29, 2013
This is ideal market for scalping - enjoy it while you can - everytime I fall asleep I miss out on a few hundred pips and its annoying.
- EricB replied May 29, 2013
Gno - are you available for PM?
- EricB replied May 29, 2013
Actually the volumes have been above average. There is a big player who keeps stepping in to keep prices going too far. Thats why it hasnt moved.
- EricB replied May 29, 2013
By the way - great video - I watched the whole thing. I like Nial.
- EricB replied May 29, 2013
Still sticking with the above. Once I'm committed, I am committed . In that way you can tell how bad or good I am at this! I don't change positions unless something obvious is staring at me.
- EricB commented May 29, 2013
Today's market economies have no precedence. Trying to look for patterns in the past is futile. When did economies engage in such quantitative easing programs ever before except in Argentina and Japan? We know what happened there.
- EricB commented May 29, 2013
The biggest risk to stocks is margin debt which is higher than it was in 2008. Its a bubble. No point in trying to call the top of something that is going to burst.
- EricB commented May 29, 2013
Until demographic, social welfare and other systemic issues are not sorted monetary policies will only have a negative impact. Sorry, but the Sun has been setting for the last 20 years. Maybe needs another 20 to set and then perhaps we can wait for ...
- EricB commented May 29, 2013
Yes lets start blaming others for any future failures that are lurking.