the present situation
#11
Posted 09 April 2013 - 09:53 AM
#12
Posted 09 April 2013 - 10:05 AM
USD breaking on not breaking support, Bitcoins or no Bitcoins silliness, my expectation since the weekend was that the 1600 area will be tested before the week is out.amigos there is muy importante dollar support at 82.25-82.30, a breach of this support IMO has a bueno chance to lead to a strong move lower in dollar and a rally to 1600 in gold, we see
BSing away
Senor
Just my due euro-drachma worth of opinion.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#13
Posted 09 April 2013 - 10:40 AM
some pieces of the puzzle may be falling in place.
the most hated and undervalued vehicle right now is the miners.
when this thing gets some mojo watch out
dharma
si si amigo, both GDX and HUI now above the grande FIBO support levels that were broken last week, close above here or higher = muy bullish IMO, and worse case is gold could be completing cinco up from last weeks bottom - the times they are a a changin
Senor
Edited by senorBS, 09 April 2013 - 10:41 AM.
#14
Posted 09 April 2013 - 10:50 AM
amigos there is muy importante dollar support at 82.25-82.30, a breach of this support IMO has a bueno chance to lead to a strong move lower in dollar and a rally to 1600 in gold, we see
BSing away
Senor
On UUP that support level is 22.35 (last 22.38).
http://stockcharts.com/h-sc/ui?s=uup
http://stockcharts.com/h-sc/ui?s=nugt Looking like a bear trap.
#15
Posted 09 April 2013 - 11:13 AM
USD breaking on not breaking support, Bitcoins or no Bitcoins silliness, my expectation since the weekend was that the 1600 area will be tested before the week is out.amigos there is muy importante dollar support at 82.25-82.30, a breach of this support IMO has a bueno chance to lead to a strong move lower in dollar and a rally to 1600 in gold, we see
BSing away
Senor
Just my due euro-drachma worth of opinion.
-tria
tria. any update on greece? i'm hearing some progress is being made on reforms but still no bank cap. Once the banking system gets up and running growth should resume in greece, imho. I'm very bullish on greece over the next 5 years.
#17
Posted 09 April 2013 - 11:27 AM
#18
Posted 09 April 2013 - 12:00 PM
there are three clear waves now off the lows of April.
Would like to see 5
in the mining indices this is either a 3 or a C as we have rallied norte of the April 5 peak, pick you poison amigo, gold itself looks like a possible cinco up
Senor
#19
Posted 09 April 2013 - 12:07 PM
Hi brave Spartan,USD breaking on not breaking support, Bitcoins or no Bitcoins silliness, my expectation since the weekend was that the 1600 area will be tested before the week is out.amigos there is muy importante dollar support at 82.25-82.30, a breach of this support IMO has a bueno chance to lead to a strong move lower in dollar and a rally to 1600 in gold, we see
BSing away
Senor
Just my due euro-drachma worth of opinion.
-tria
tria. any update on greece? i'm hearing some progress is being made on reforms but still no bank cap. Once the banking system gets up and running growth should resume in greece, imho. I'm very bullish on greece over the next 5 years.
Some public sector reforms yes, but not big enough or effective if you ask me.
Bank recap by end of April but I have heard this story many times before.
Wild moves in Bank shares, for example Eurobank opened -30% limit down yesterday and closed limit up +30%.
Today it closed +29% again.
Bank loan delinquencies on the rise and no middle class money left to pay the high taxes.
I am bullish however for the Athens stock index since the Banking sector, having dropped to almost zero, can not have any further big negative influence. It can only positively affect it in the future.
http://stockcharts.com/h-sc/ui?s=$ATG...id=p44041155998
http://stockcharts.c...id=p00954846628
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#20
Posted 09 April 2013 - 01:26 PM
Hi brave Spartan,USD breaking on not breaking support, Bitcoins or no Bitcoins silliness, my expectation since the weekend was that the 1600 area will be tested before the week is out.amigos there is muy importante dollar support at 82.25-82.30, a breach of this support IMO has a bueno chance to lead to a strong move lower in dollar and a rally to 1600 in gold, we see
BSing away
Senor
Just my due euro-drachma worth of opinion.
-tria
tria. any update on greece? i'm hearing some progress is being made on reforms but still no bank cap. Once the banking system gets up and running growth should resume in greece, imho. I'm very bullish on greece over the next 5 years.
Some public sector reforms yes, but not big enough or effective if you ask me.
Bank recap by end of April but I have heard this story many times before.
Wild moves in Bank shares, for example Eurobank opened -30% limit down yesterday and closed limit up +30%.
Today it closed +29% again.
Bank loan delinquencies on the rise and no middle class money left to pay the high taxes.
I am bullish however for the Athens stock index since the Banking sector, having dropped to almost zero, can not have any further big negative influence. It can only positively affect it in the future.
http://stockcharts.com/h-sc/ui?s=$ATG...id=p44041155998
http://stockcharts.c...id=p00954846628
-tria
Things will get better in greece. A little patience is required. I was a big buyer in greek stocks last year during the panic around the election. This is a long term (5-10 yr) position. High quality greek stocks were trading at distressed levels. The banks will eventually get recapped. I'm more concerned about the reforms. They need to be pushed through quickly.