nonsense - there is not enough gold in the whole world to back up US treasuries (at max $1 gold for $3 tsy).
the guarantee would have to be done differently - let's say in more geopolitic terms rather than just a commodity...
that said i still think gold is not bad buy here due to many...
i rolled my whole PC back few days and everything is OK now.
the latest standalone version (from this friday) is simply crap and freezes all the time.
interestingly web TWS works all right. i thought this is always the latest version but clearly it is not.
thanks to both of you for your help!
what problems has the czech republic?
by the way the cz is probably the best looking of the lot - in many ways it is better that many countries in EUR area.
maybe the next time you can comment on something you in fact do know something about...:cool:
it is the last week of the month that's recently often a weak month. march is often better. opposite goes for bonds.
that's all i meant - no rocket science...:)
i stopped to trade fixed income for the past few months - it is insane.
this will be an interesting day in all asset classes. it is also an important week seasonally...
GREAT POST bevo96. one of the best i've read here in a long time.
i hope one day people will get it - because otherwise our children will experience this mess again...and so they will...:(
p.s. is it yours write up or copy/paste from some media (which?). cheers
americans consume/spend more then they produce/receive. that is true for both the private and the public sector.
it does not look like anybody wants to reign in public spending right now. so you can either raise taxes (dems), indebt your children (republicans) or do both (reality).
the...
good post.
by the way this is shaping to be an interesting day for gold. if we break below 969.0 we will revisit 950.0 as the first stop - then maybe test 900 again.
(i sold most of my gold stuff yesterday - will buy later)
i presume source are TIPS (10y and 20y).
they are proved to be a bad predictor of CPIx so i would take it with a grain of salt...
gold is much better imho - at least for real basket of consumer prices.
the problem with gold is that it is used as a proxy for other things too, e.g. store of...
when you are so good you will know that the czech republic is actually one of the few that has virtually ZERO foreign debt. mortgages there were provided in CZK only. Slovakia is OK-ish too with only few percents.
it is funny because these 2 countries are actually quite healthy by any...
another lost soul in line...
so why is water cheap? maybe you are missing something.
lol. it almost looks like i am defending gold bugs here....not really my intent.
yeah. a "little bit" of simplification was exactly what this thread needed.
you can't be serious with this. these two metals are not substitutes - it is a completely different market!
this is trully crapy article - you can have a counterpoint to each of his points and twelve more.
personally i hate gold - and that's why i am mostly missing on all this rally. pretty stupid i agree.
therefore always when i trade long futures i take my profit too early.
i bought some...
michael moore represent very well a typical american. this country has become completely moronic in the past 20 years or so...
bush-clinton-clinton-bush-bush-obama-a-la clinton. moore/paris/or whoever is next - it is a joke.
wtf; 99% of ET poster are just jealous communist monkies
what's the problem with a guy who made $10m to receive $1m+ bonus? or a risk manager who helped to save another $10m? etc etc
do you think these people have no other place to go?
I guess you believe that the best thing to do is...