Today GOLD quoted USD1209. We begin to enter BUY ZONE [1190 1210]. Of course, must be confirmed and stay ABOVE USD1190. ST TARGET IF REBOUND : USD1280 (cf graph). Strong pullback and support would become resistance. Good luck with your trades
Great Depression 2: Stated before but still waiting for confirmation on which is going to be the lead horse for GD2 for driving the Dow Jones down to Argentina? Gold OR Dollar? I'm LONG Gold and was LONG Dollar until I closed shorts on EurUsd. But now I'm ready to go LONG EurUsd and of course I'm still LONG Gold. If Dollar is the lead horse as in 2008 crash of Dow Jones, it should have already caused the Dow to crash after the stellar performance during September by King dollar. But the Dow held steady and instead rose. So it might be Gold - but Gold is crashing. These are the thoughts that plague AfterLOS. --------------------------------------------------------------------------------- EurUsd LONG @ 1.2872 STOP = 1.2815 Target = 1.3420, 1.3601. Once past 1.3710 buy more for Target = indefinite at this time Gold LONG @ 1230.03 STOP = 1206.89 for this position only, profit target = indefinite at this time
modified: EurUsd LONG @ 1.2944 STOP = 1.2815 Target = 1.3420, 1.3601. Once past 1.3710 buy more for Target = indefinite at this time Gold LONG @ 1244.04 STOP = 1206.89 for this position only, profit target = indefinite at this time
amputated spirit for whom there is no prosthetic, istoptime asked recently why my post count is so high, do I not have a life, no job, no nothing? (1) I'm calling the GREATEST TURN in 300 years of British + American Empire (2) I'm documenting and laying down the evidence of why MEN have become 2nd class citizens and victims relative to American women (3) Preps for the Greatest Depression of 300 years, even greater than 1929 and 1720 Post count could be 5 million - for this type of challenge the post count hardly matters. AfterLOS is doing his internship and unlike the vast majority actually likes ET and believes there is NO forum anywhere as good as this. As far as having no life ..... great food, plenty of free time, great outstanding p***y galore, excellent movies, full-fledged martial arts brutal workout twice a week, swimming laps daily, surrounded by Nature at its finest. No American-style stress whatsoEVER What more could anyone ask for?
Great Depression 2: What if Gold, not the dollar, is the lead horse beneficiary of GD2? The Chinese are on AfterLOS side and stocking up like there's no tomorrow just like AfterLOS Beijing Gold DEMAND goes parabolic Based upon the charts below and assuming China’s Yearly Gold Accumulation remains stable (i.e. a 10.7% CAGR), it translates to the Sino nation possessing nearly 14,000 tonnes of gold by the year 2020. Compare this to US Gold Reserves at 8,134 tonnes, which is today the world’s largest gold holder. This gives credence to the oft expressed idea that the PBOC in Beijing plans to eventually back its Renminbi via gold with a view to replacing the US dollar as the world’s reserve currency. History is testament that a universally accepted world currency has material control over all other currencies. The historically world famous 18th century financier Mayer Amschel Rothschild said: "Give me control of a nation's money and I care not who makes the laws." In the event China backs its Renminbi currency with sufficient gold, The Peoples Bank of China will control the world’s currencies from Beijing…and that includes the US greenback.
China's foreign exchange reserves being used to buy Gold, but how fast can they do it? its a slow process to catch up to the US holdings. If the Dollar loses reserve status Depression would be a mild term Monetary pundits in China have made it clear that the Sino nation’s objective is to replace US$ as the Global Reserve Currency with the Renminbi. To achieve this daunting task will take much time and mountains of money to methodically accumulate that much gold. Consequently, it is inevitable that gold prices will soar for many years.
Great Depression 2: a Depression of cataclysmic proportions if this one lever is pulled Most people in the western world assume that China just wants a “seat at the table” and is content to let the United States run the show. But that isn’t the case at all. The truth is that China doesn’t just want to compete with the United States. Rather, China actually plans to replace the United States as the dominant economic power on the planet. In fact, China already accounts for more global trade than the United States does. So what would happen one day if China announced that it was backing the Yuan with gold and that it would no longer be using the U.S. dollar in international trade? It would cause a financial shift so cataclysmic that it is hard to even imagine. Most of those that write about the “death of the U.S. dollar” usually fail to point out that China is holding a lot of the cards as far as the fate of the dollar is concerned. For China, having a global reserve currency is not just about economics. It is also about power. China just has one big stumbling block to get over, before the Renminbi (RMB)will be accepted as a global reserve currency: IT'S CALLED GOLD !!! China just "ain't" got enough gold to back up its currency. In fact China has only 2 percent of its Total Foreign Reserves in gold...vs the U.S. that boasts 76 percent gold reserves. Meanwhile, the price of gold will correspondingly go ballistic to new yearly all-time record highs. Gold mining in the People's Republic of China has recently made that country the world's largest gold producer. South Africa had until recently been the world's largest gold producer for 101 years straight since 1905. The major reasons for this change in position had been due to South African production falling by 50% in the past decade as production costs there have risen, more stringent safety regulations have been implemented, and existing mines have become depleted. CHINA TODAY IS THE GLOBAL GOLD KING…both as gold producer and gold consumer.
Requested Baron to close the thread. I'm leaving amigos. Good luck to all, no exceptions. My internship is over. I've reduced my system now down to only a little thinking with a big, sweet nice automatic component that confirms the entry and\or exit. Its a beauty. But it only happened in the last 4 hours or so that it all came together. As far as my CALLS and trades everything is as-is but I cannot update no more so if there is NO TOP then just take it from AfterLOS that I'm dead wrong. If the TOP occurs, then best of luck for whatever comes after that. Whatever happens with Gold you will know I'm holding for the big move north. Next post is last one
ET review: Top marks as in my review in Feedback. Best trading site IMHO. Never seen one before where the owner took active part and followed thru' on feedback. Don't let nobody let those stupid words, sewer, cesspit, cesspool etc. get into your psyche. Those words used to describe ET are totally bogus. I got a lot out of being here and my trip here was a success from that standpoint. Best of luck to all participants. AfterLOS