83 is not support on that graph.

In fact currencies don't even have support/ resistance levels.

Originally posted by 44soulslayer
83 is not support on that graph.

In fact currencies don't even have support/ resistance levels.

think twice B4 you post disinfo...even if it is ignorance

your telling me the Gigantic forex market that trades over a 3TRILLION a day in currency's does not have support/ resistance levels like stocks, bonds etc which traders use.....c'mon!

and ya i don't want to come off 2 harsh......but this is a no-brainer

and 83 is support then 79-80 76 then 72

What would make you say such a thing?????





[edit on 8-5-2009 by cpdaman]

[edit on 8-5-2009 by cpdaman]

the bad thing about gold getting priced over $1,000

is that the major Gold producers & mining operations,
will become the targets for renegade terrorosts/opportunistic land pirates/ inspired gangs on the hunt for caches of riches.


the cost for protecting the mined precious metals will skyrocket !
thus causing the price of overall 'production' to escelate to the
$2k oz. range ~like-it-or-not~

imho, the cost of 'Risk' will match the actual production cost of mining the gold...
the fiat money valuation of gold is so out of synch
the only rationale will be for 'Risk' to make up the gross under valuation...
The bankers & globalist money planners will thank me for presenting
them with this roadmap to save their fiat-money mirage

Gold moved up slowly this week but silver moved up 10%+. The large move in silver was because of the manipulation within the futures markets moreso than the bank stress test results.

well the dollar fell thru the resistance/support level 83.............and is now

82.44 headed for 79-80 over the next several days (remember it doesn't always head straight down but likely will trade in a range under 83 and fall in some fashion toward 79-80...........gold should move up as this happens...............

this also means gas is going up a bit ..........as oil futures are tied to the dollar ...just like gold

Both gold and stocks have been doing well lately which tells me there is a lot of fear of inflation. Bernanke is just dumping trillions of $ into the economy to get it rolling again. Not a bad idea, but if it works hyper-inflation is almost certain.

Both the dollar and the long bond are below their 200 day moving averages and that's very negative. Maybe investors are finally realizing how stupid it is to think of the $ as a safe haven now.

Originally posted by Make Speed Limit 45
Both the dollar and the long bond are below their 200 day moving averages and that's very negative. Maybe investors are finally realizing how stupid it is to think of the $ as a safe haven now.

yes it is......and the $ may be losing it's safe haven status......but who really knows.....one would think it would have a while ago

many interpret this as a sign of i MONETARY nflation but i don't ....just a lack of confidence in a currency and a higher chance that some of the debt may need to be restructured ..../cleared before any recovery for the real economy can move forward......

.i mean the fed is paying interest on excess reserves....giving banks incentive to hoard money and make profits (and curtal lending to the real economy even further)...not to mention a economic climate with high unemployment and rising corporate defaults isn't the best for banks to lend into....couple this with the velocity of money slowing ..(.86) and deleveraging continuing.....and you don't get inflation......the real economic pain may be leveraged until the public willingly clamors for a solution...any solution....Global central bank

meanwhile the fed is throwing trillions in the financial sector (where it is clogged) and working to ARTIFICIALLY thaw credit markets except corporate bond spreads (indicating high defaults in 2010) and insure banks can value (questionable debt's) at inflated values to clean up their balance sheets all the while likely inciting investment firms to bid up the stock indices to generate a illusion of health....Orwellian...In FACT orwellian MAYBE the best way to describe the next year......


p.s as dollar falls oil should rise as well as food however this will increase the cost of living.....and price increases are consumer price inflation.....where as i define inflation as
Monetary inflation i.e total money and credit


[edit on 9-5-2009 by cpdaman]

i know this is a little off topic. and i dont know if this is true or not. but i heard our money isnt based on the value of gold anymore, but instead the amount of money that is printed by the Federal Reserve. That they print our money supply on loan to us at interest and it can never be repaid, and they are a private bank actually having nothing to do with the US GOV_ is this true? has anyone else heard this? forgive my ignorance on this issue.

i'm getting concerned that a bubble may build up in OIL again as well.....should the dollar go into a couple month "swoon" investors looking for high returns may look to pile in to OIL and Food futures

How much could oil rise in 3 months? i would say it could get back to $100

i don't see the earnings to get the stock market that much higher .....perhaps 10,500 on the DJIA or 1050 on the S&P but i don't see HOW it could get much higher with earnings being kept down for a while (and i still there is a strong chance it will go lower in the late fall (when 3Q earnings come out 4Q as well)

Should the FEd stop paying intrest on reserves......then there will be a chance for the Money Multiple effect of reserves and lending to take off.....who would be deemed .....risk worthy borroweres would be interesting ......But i think this is a HUGE ISSUE to follow........paying intrest on reserves is a huge incentive for banks to NOT LEND and make risk free profits.........pay attention to this .....to see if credit gets extended into the hands of consumer's

I could definately see oil get back up to $100. Especially since summer is "driving season" and oil/gasoline prices always increase around this time. As soon as I saw the Stress test results and saw that banks are going to have to raise capital by selling stock and assets I knew what was coming. They're going to issue a massive amount of stock, devaluing it so people buy. Ford announced they are doing the same today.

Look for the market to take a dive....

OBE 1 good post........really enjoyed it overall (like most of your posts)

i have serious doubts that armstrong can point out dates to the day regardless of the validity of his model.......anyone can find something when scouring financal data looking for it (ESPecially somethng minor) ....and then draw........a false positive..........what other dates has he predicted to the day

gold movin' on up $953

stocks are down substantially so far...but Bonds are also down quite large

some money flown' into gold

some believe the sell of is because INVESTORS belive the USA could be next to lose it's credit rating....(just like UK's gov't credit rating was changed to "negative" from neutral.)

a statement from S&P saying U.S debt rating is "safe as far into the future as we can see" .....would do wonders to take gold down....and get money back into u.s gov't bonds and stocks......let's see



[edit on 21-5-2009 by cpdaman]