Global Macro Trading Journal
- Thread starter Daal
- Start date
The anti establishment types are made up, and those who qualify for such title voted for Hollande or the communists.
You vote Le Pen if you want the Arabs out it's as simple as that and the majority of those would rather take a bullet in the stomach then vote left.
No, personally I believe it's a lock for Sarkozy.
Holland is another story as wel. I posted here how the sale of new build homes dropped 80% compared to 2008...
And now they want to blame Europe for their troubles.
Only 6 months ago it were the lazy Greeks not wanting to handle their own problems.
Only Germany and Belgium still holding firm in Europe's core...
I agree on it not being that important who wins the election... everywhere.
Each 4 years people get so worked up and hate on the guy in office and think someone new will fix everything...
One of the great mysteries of our time.
Quote from Debaser82:
The anti establishment types are made up, and those who qualify for such title voted for Hollande or the communists.
You vote Le Pen if you want the Arabs out it's as simple as that and the majority of those would rather take a bullet in the stomach then vote left.
No, personally I believe it's a lock for Sarkozy.
Holland is another story as wel. I posted here how the sale of new build homes dropped 80% compared to 2008...
And now they want to blame Europe for their troubles.
Only 6 months ago it were the lazy Greeks not wanting to handle their own problems.
Only Germany and Belgium still holding firm in Europe's core...
I agree on it not being that important who wins the election... everywhere.
Each 4 years people get so worked up and hate on the guy in office and think someone new will fix everything...
One of the great mysteries of our time.
Sarkozy = finished
A tidbit of information...
Apparently, last night, on the open, the EURCHF order book on EBS was briefly visible all the way down to 1.20. There was a resting bid at 1.20 in â¬20bn. Take w/a pinch of salt.
Apparently, last night, on the open, the EURCHF order book on EBS was briefly visible all the way down to 1.20. There was a resting bid at 1.20 in â¬20bn. Take w/a pinch of salt.
I ain't a dealer, sire, so I don't got no pics. Could be just a random FX mkt rumor.Quote from Specterx:
Pics or it didn't happen
You're right, but his point is that gold stocks appear to be so undervalued presently that gold can decline quite a bit before the gap is closed. I am not actually basing my view on the gold:gold stocks ratio though, rather the general view that gold stocks are unlikely to enter a real bear market if the metal keeps going up, yet this is what sentiment seems to expect - which itself seems due to the expectation of a goldilocks magic pixie dust recovery to normalcy.
And then, in the event of a cataclysmic collapse in gold it at least implies all my cash US dollars will be worth a ton more than they are now...
Yep, don't really disagree -- except for the caveat that gold stocks could turn out to be a massive value trap, maintaining the worst scenario for gold is neither inflationary recovery nor deflationary collapse, but a shitty limp-along recovery that satisfies no one (except guys like Roubini and Shilling).
As Jeremy Grantham points out, lazy value investors do better than attentive ones in situations like the above -- instead of acting on "compelling cheap," they aren't roused 'til "ridiculous cheap" or "insanely ridiculous cheap."