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I thought they are an Indian issue now (Tata).

I would say 1:1 Euro if not less & 1:5 GBP/USD, if USD is to continue its decline vs other majors, than again I don't get involved in FA, so just have a laugh :)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2233690>

Another bloody day in the making today, GBP/CHF has no historical support any more, well I can't see one back to 1970, so probably heading towards 1:1, why not? GBP/JPY about to start heading towards 128 ImPO, GBP/EUR...talk about parabollic price action, GBP/USD say hello to 1.36? OMG...

From horses mouth - average break even is around $20.

I think you mean 1.055. Indeed hourly charts indicate a possible bounce, but long term charts suggest that it would most likely end as a bounce.

Markets are not really shifting whilst histo continues to decline, not sure about >1000, I would say crash & burn is nearer.

It won't & charts do point to GBP being just dumped in exchange for other currencies. I wonder whether they would start hinting at joining EUR in 2009.

ImPO GBP is about to seize its existence, longer term charts look just horribly bearish trading either at or below major support areas, descending triangles, parabolic moves vs EUR, GBP seems to be the weakest link when compared to JPY, EUR, CHF & even USD. To me it looks like we (British)...

U sure u ain't talking about Adobe? MAC ain't doomed, it rocksssss!

Ever heard of the domino effect? <img src=http://www.ajc.com/shared-blogs/ajc/luckovich/luckovich0812.jpg>

daily

Above 1st resistance zone now

I don't know whether been mentioned already, indexes testing 50 ma, last time above it was back in Spring '08

LOL, apples & oranges, capital management firms always charge high premiums, that's how they make $ no matter what the final outcome is :)

I agree, price needs to BO above resistance, otherwise they will slam it back towards support hard, as they always do <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2222590>

Why give that asshole 20 years & that rather pathetic possible $5m fine, just execute him & set an example for others :) After this, who the hell is going to trust financial institutions with their life savings? More wood in the fire. The SEC couldn't have not known. Makes you wonder how...

But who changed the title of the thread? The mods?

They turn their backs until the time it becomes unsustainable, pure 100% bureaucracy. Same happening over at CFTC, as they struggle to investigate a possible case/s of manipulation of silver market, when they have to simply explain why is JPM allowed to hold such a huge short position.

That's predicting, not projecting. I would disagree, for it to remain at $20, as you suggest, apart from other factors you would need a strong USD, much lower demand & ample supply for many years to come. Right now nobody really knows whether we will pull through this crisis, what damages will...