I don't trade the Grob method although Grob(Jack) did get on to the basic premise of staying in play to trade the whole day session. But Thunderdog got very cosy with Jack as one of his students until Jack dumped on him, telling him, in effect, that he was a dummy & could never learn. Poor old Thunderdog went apesh*t against Jack from that time forward.
I was never one of Jack's "students." You could not produce a post supporting this bald-faced lie if your life depended on it. I always thought Jack was an asshole. (The two of you have so much in common.) Liar, liar. Pants on fire. P.S. For someone who doesn't trade the Jack/Grob method, you sure had an active interest: http://www.elitetrader.com/vb/showthread.php?s=&postid=494604#post494604 http://www.elitetrader.com/vb/showthread.php?s=&postid=473013#post473013 http://www.elitetrader.com/vb/showthread.php?s=&postid=475628#post475628 And so on, and so forth.
I don't lie. You & Jack both jabber on endlessly, you in your posts as he did in his posts. It was hilarious when he dumped on you, though. You accused him of shitting on the heads of yourself & others. Don't you remember? Why don't you regale us with your detailed recollection of how exactly all that went down? Come on now, don't be shy.
It began like this: I thought he was an asshole who didn't know what he was talking about and I told him so. Much like I am doing with you at this moment. You, on the other hand, lapped up whatever refuse he threw your way. I would suggest a breath mint. Now kindly leave my thread if you are going to debase it with outright lies. Off you go.
I leave all the lying to you and it won't help you. How very brave you are against Grob now that he has gone. So weak you are!! So full of bluster It is no surprise that your memory has gone into failure mode when you are asked to detail your own recollection.
Oversea's Central Banks are not cutting, they are going to raise. For more worried about currency inflation than the US. US FED is worried about stock market because the majority of the BABY BOOMERS are going to retire and draw from their 401ks, retirement funds. US FED is more worried about the perception of a healthy economy vrs. true inflation. America, has made its last chess move. EURO LAND has the Check Mate.
With the 13T of debt piling up, it only benefits the American public if the currency is debased. When gold trades at 1,000,000,000,000 per ounce we can simply pay off the 13,000,000,000,000 of national debt by 13 ounces of gold - nice plan!! Robbing our creditors is so clever. Heli-Ben is no kidding!
Except long before that happens gold will no longer be denominated in US$$'s of course. Same with oil. Who really wants dollars for that precious drug? Local trades and bilateral ones between countries are already done in non-dollar currencies. The recent ratecuts have not improved loyalty amongst western countries towards the US. Soon the US will be the only one wanting to pay oil with dollars. [/i]Then[/i] all Fort Knox comes in handy use as payment, since the dollar will be worthless of course. Oil pricing in dollars is the only reason the currenciy is stiil alive. What happened is, the rest of the world already owns the US, we're just deciding what parts we want most. Ursa..
This is just ridiculous! Trefoil is sadly one of the few posters here who has a clue. To blame the weak dollar on the Fed is absurd. If you want to blame someone, why not start with those actually responsible?: Our idiot, neocon, religous nut-case President and his neocon, nut-case buddies, and the zionists who, in aggregate, contribute heavily to candidates of either party whom they believe will give a blank check to Isreal. And let us not forget Mr. "Easy Al" Greenspan, who may himself be a zionist, and whose timely "rescue package" of historically-low interest rates helped propel Mr. "Bring'em on-- Smok'em out" Bush into the Whitehouse for a second term. When are we going to face up to the fact that George Bush is a war criminal with striking parallels to Hitler. Hitler overran countries that had not attacked Germany, just as George Bush has overrun countries that have not attacked us. He is also our first President to condone torture, and the first to thumb his nose at our Constitution and get away with it (so far). Why are we so silent and subservient? When will we say "enough!"? Every time we blow the arms and legs off a child in Iraq it costs, in current dollars, 1.7 million dollars. Every time we replace a tank it costs 5 million dollars. Etc. etc. etc. And none of these expenditures, absolutely zero, are investments. They are in fact taxpayer subsidies of the military industrial complex. And what do we get in return: Considerably less than zero. Oh, if you work for Martin Marietta you're doing just fine --I'm talking about the rest of us here. The weakness in the dollar, you see, is directly related to fiscal irresponsibility and that is directly related to war. Every modern nation when faced with a great debt burden (often related to unwise wars) has sought to monetize their debt and thus pay it off with cheapened currency and lowered standard of livings -- and in the process cheat, so far as possible, the government's creditors. The US is no different. We need the Federal Reserve, and so far under Bernanke it has acted responsibly. It appears that the Fed is offsetting the impact on inflation of lowered rates by selling Fed assets. This is both clever and wise. Unfortunately the Fed is rather helpless in the face of rampant insanity in the Whitehouse and a Congress that can not muster enough votes to save us from the abyss. It is time to speak out.