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Yes, however it would have covered my butt over the weekend and still kept me in the trade since I would have been forced to deal with it at some point. US30 opened up 85 points yesterday evening. This is the annoying thing about leaving yourself in a trade overnight or over the weeken...

Perhaps staying long on the Dow was the right choice. The CFD, us30, just opened up over 80 pts.

Yes, yes, I can do that too...

Why? Whether we are trading shares in a stock, or trading bread for flower, why must one win and the other lose. Ok, the price of flower may rise providing less bread for the same quantiy of flower, but both parties still benefit from this transaction. Yes, I could buy your shares of...

Where did the false idea come from that trading is a zero sum game? You don't have a zero sum game in an environment where the quantity of money must increase to support a growing global consuming population. Trading products occur all over the world, not at the expense of one or the other...

I have viewed similar videos and I am well up to date on their proposed disaster scenarios. I chose not to live in fear like this. There is going to be a lot of yelling back and forth. There is going to be lots of volatility in all types of markets. Over time, however, resolotion will be...

Did you try the obvious? http://www.orbixa.com/

Yes, sleep is a good idea. Thanks for the great discussion. Have a good night.

Are you sure? If the Euro is going down and USD is consequently going up, anything priced in USD fall. There would have to be a complete collapse in confidence of all major currencies to ensure a real rush into gold and silver. In the meantime, stock markets all over the world are...

Ahhhhhh, we got ourselves a goldbug. Nope, sorry, if we are headed back into what will be a deflationary environment, given your arguments, we will go back to a money in the mattress environment. This, by the way, was a big contributing factor to the money supply issue in the depression...

It was an enacted in response to a preexisting problem. The crash created a panic, and the government reacted with a protectionist measure. The same thing happened after the 2008 crash with some similar protectionist measures, though so far the damaging effects haven't been fully felt. You...

What caused the trade war? Reduced money supply. Reduced money supply, reduces production. This forces protective measures to insure production occurs only where you want it to occur. Unfortunately, this forces everyone to respond in kind. The result: a worsening world economy and...

Ok, I'll watch it, but I have to ask you something: Given the nature of floating currencies, where does the money go when it rushes out of the Euro? Is this good for USA to suddenly have much more expensive products making it much more challenging to export. A significant rush back to the...

You keep changing your reply. :D :D :D

There is also an overwhelming excess of US dollars. This is a race to the bottom. However, because these currencies float, there is no bottom. They simply cycle back and forth. USD goes down, Euro goes up, Euro goes down, USD goes up. The effect is likely inflation in both economic...

<i>Why is the Euro going down then? What fundamental reason do you think might be the cause of it doing that?</i> Credibility. Panic. Uncertainty. It is a rush out of the euro into the primary reserve currencies, the USD and the Yen.

It has dropped below 1.35 twice before in the last 4 years: 2008 and 2010. Each time it rebounded.

Forgive me sir while I get down on my knees and kiss your royal feet. So tell me, sir, when will the Euro collapse?

I don't see the Euro collapsing. I feel this way because it would not only be a disaster for Europe, it would be a disaster for everyone. It would create a world wide depression. The powers that be have no choice but to work together. You are going to see all the major powers prop up the...

Down goes the dollar, up goes the stock markets and everything else that is priced in US dollars.