Search results

Just a quick question, I'm not even sure if it has a definitive answer or whether it's just opinion. It's pretty obvious that the dollar and the (US, anyway) equity markets are linked. My question is, which is following which? Is the market following the dollar or is the dollar following...

Don't bet against the chairman. In the fed we trust. Dollar to zero.

What's everyone thoughts? I haven't been trading forex long to have gone through a bank holiday. Is it just business as usual or are things going to get crazy?

Is this another top call?

I don't doubt it, and I'm not saying an inspection isn't reasonable. I'm just saying it's a reality. You aren't going to bring your gold maple leaf to the local Wells Fargo branch and get handed $1,100 for it. Like selling anything of subjective value, it's more complicated than that.

That's a single, small country as opposed to a world-wide fiat meltdown. Someone else said it already, it depends on the severity of the situation. If it's truly SHTF, governments failing, survival, your gold is worthless. If it's simply some hard times and heavily devalued currencies...

I haven't found anyone or anywhere that will buy it for remotely near spot without me paying to have it inspected and verified. Anyone that will buy it straight up isn't giving me within a lightyear of spot. Then again, I haven't tried in years, so the situation may be different now. That'd...

You're kidding, right? Maybe you're the one that needs to read up on your history. Do you not live in the US? Between that and your "illegal" guns (to a picture of perfectly legal guns) comment, I'm going to guess you don't. http://www.the-privateer.com/1933-gold-confiscation.html

Do you own physical gold? It's not that easy to sell. When you do sell it, you aren't getting anywhere near spot for it, not a chance. If there is a big currency melt down and the US is backed into a corner, you won't be selling your gold to anybody, it'll be forcefully taken from you...

Since moving to FXCM, trading with 1k lots: Got a long way to go, but I'm just keeping up with the slow and steady. I figure when I can get my account up to $300 with 1k lots, then I'll start using 10k lots.

Hey, you brought this one back. :p Since I lasted posted here a month ago, I've realized a lot of things that you just told me. I spent two weeks trading mostly USD/JPY, and for the last two weeks I've focused on AUD/USD. I throw the occassional scalp in there on something else, but...

Keep telling yourself that.

YES :D

But those don't matter if the world is going to hell in a handbasket, as all the gold bulls predict. In addition, gold was popular eons before anyone know what industry was. Where did the intrinsic value come from then?

You misunderstood me something fierce Let me restate... When the world goes to shit, gold won't be worth shit either. You can't do anything useful with gold. Think about it. Let's take it to the extreme: we're stranded on an island. I saved all the gold, you saved all the food. Are...

Quite the contrary, I think it's an excellent example of how little gold is really worth. Think about it. What makes gold valuable? People say it has intrinsic value, while currency does not. I beg to different. In a state-of-nature society, gold is useless. It's a shiny, soft, yellow...

TraderZones is the troll. Don't cater to him. Everyone that uses TA knows it works.

Better turn the key repeat rate down if you're adding that many zeros without realizing it. :p

LOL Maybe we can make this a regular, bi-weekly thing...

Thank you. As an aside - I know everyone rails on FXCM, but I think it's great. I've had no issues (knock on wood) and the platform is outstanding. My only gripe is the news feed. Can you suggest that they include it in the platform? I'd rather get actual news than their constant...