Someone that speaks SENSE:
June 16, 2011
Renowned Eurosceptic and British Euro MP Nigel Farage says saving the banks is why politicians are so determined to bail out Greece and keep it in the Eurozone.
Pailin's Trading Corner
June 16, 2011 - 8:19am
#122
Nigel Farage: Bankers+politicians = ‘unholy alliance’ vs people
June 16, 2011 - 8:26am
#123
JoeKa!
Doing good, bro! Wasn't online last night because I was doing some honest labor, putting boards down in her attic so she doesn't break her pretty neck when she retrieves xmas decorations.
I'll post my sad, sad 
story later
(Emoticons, cool! Although they are a little lame... but I'm sure this can get totally out of control.....
)
Gonna play it cool til the metals turn.... and since I can't do metals in my 401K, they are all going into treasuries for the moment (safe haven and all that stuff, right now treasuries seem to move totally inverse to the SPY...and that's a good thing, because the market is going down, baby!)
Off to earn some fiat!
June 16, 2011 - 8:26am
#124
120 minute Resistance still holding
June 16, 2011 - 8:36am
#125
Larry boy - video
Larry missed the big Silver move. He is always entertaining to watch as he discusses the markets from his well fortified bunker. BTW, he uses Armstrong's economic cycles for Gold.
http://www.uncommonwisdomdaily.com/what-bernanke-thinks-when-he-heads-of...
June 16, 2011 - 8:38am
#126
Trifecta Traders - pailin, atlee, JoeKa
Trifecta Traders has a certain ring to it. Thanks for all your advice. We can all be a stronger standing together. Good info Hi-Ho, thanks for posting.
I started a Forex trading account about six weeks ago. They let me extend the practice time since I promised to fund it in August. I will have penalty-free IRA funds available then. I am thinking of withdrawing it and buying all AU/AG bullion rounds. I have no heirs. How fun would it be to have a treasure map raffle and community campout on 80 acres of rough river bottom ground in Iowa? This is only a fantasy, but how fun would that be?
Forex overnight short AUXEUR trade were stopped out at 1082! WOW.. Don't count gold out. Europe says risk is definitely ON! The only major currency that will hold up over time is CHF.
I am an unemployed project manager pro, non-IT. I built power plants, paper mills, board mills, started them up and am female. I have read Ayn Rand and she is completely full of bullsh*t pretending she could build a railroad. Rubio would nix it (LOL). Garbage politics. Race the lowest.
I am long physical metal, CEF, AGQ (owwww), DIG, DAG, UCO, CORN. VXX is going away today. Good trading every body. Glad to know you.
June 16, 2011 - 8:50am
#127
Thanks Buddy!
@Eric1 / original. You asked me what I thought about Kaminak.
It was the next day in the UK when I saw the post and didnt answer.
However, I've found a very handy website with the catchy name of
yukonminingrecorder.ca This is very useful for trying to follow
geologic trends and keeping up with new staking claims in the region.
I am mainly concentrated now in the Rau and Nadaleen trends / Selwyn
basin as I think there may be some high grade ore bodies being discovered
there this summer. Having said that, the white gold district is also very
exciting, and looking at KAM's drill results and share chart, it looks a very
sound pick as I think it must be attracting some institutional buying. I
would definitely be a buyer today if I had a little more directional confidence.
June 16, 2011 - 8:51am
#129
Formatting etc
Hey NCOT sorry my formatting not
quite good enough for ya then eh ?
Hows this look then ?
Thought that I could send you an
off-site email to let you have a good
phfyzz source, but dont know how.
If you work out how to send one to
me, can send you it.
June 16, 2011 - 8:54am
#130
The Rookie
I'm another rookie. A software developer from Australia. Married with 2 kids. I've been waking up slowly to the real world since 9/11. Shamefully, I've just been flowing through one movement to the next. Bought my first piece of silver in Sep 2010. It's best thing I've ever done. Saving in silver is very rewarding. Prior to that I felt life was just passing me by and I had no long term goals that felt real enough to achieve.
On Christmas eve I read a fantastic article about trading stocks. Also by Zeal coincidentally, called Trading for Everyone.
"Trading is awesome! Everyone should trade stocks. The benefits that trading brings to anyone who sticks with it are vast. They spill over into and enrich all aspects of our lives, in a myriad of ways extending far beyond the obvious financial rewards. And it’s never too late or too early to start learning this fascinating and empowering art."
"Trading is something I’ve loved my entire life. When I was growing up my father was a small-town banker, so he was naturally interested in the financial world. On Friday nights I remember watching Louis Rukeyser’s Wall $treet Week on public television with my Dad. I remember him reading the Wall Street Journal, and encouraging me to do so when he came across articles that would interest a young boy."
"Stock trading is intimidating when you are first starting, but so is everything else. Things like hobbies or interests you hold dear and really enjoy today were once overwhelming to you too. Think about how intimidating it would be to learn golf, or gardening, or photography from scratch. Everything new is intimidating, and trading is no exception. But also like everything else, the more you get into it the more comfortable you will grow. And you will have a lot of fun along the way learning about the markets and stocks."
"The bottom line is everyone should trade stocks. The most obvious reason is for the financial rewards, the financial independence this pursuit ultimately yields. But the crucible of trading also forges many awesome traits that greatly enrich your entire life. It forces you to learn and grow your brain, it demands strict emotional control. It creates discipline, honor, integrity, responsibility, diligence, and perseverance."
"While sticking with trading will almost certainly make you rich eventually, the journey is truly more rewarding than the destination. You will see the world differently once you start trading stocks, everything will become more interesting. You will feel liberated and empowered. Life in general will be better as trading forces you to nurture your good traits while starving your destructive ones. And it is never too late or too early to start."
So basically that article hit the spot. NCOT, I highly recommend you read that. It has so much great advice for a beginner.
My goals:
- Learn and have fun.
- Trade small and grow with experience.
- Teach my kids early so they understand about money, debt and markets
Really, really happy to be here and appreciate all the wisdom and generosity within this (the best) community.
June 16, 2011 - 8:55am
#131
Hey gang,
Got screwed out of
Hey gang,
Got screwed out of my job as well 6 wks ago. Still have a part time accting biz, use to be full time till the economy killed off all my small biz clients. Anyway, looking for some forex education w/o breaking the bank. Any thoughts on Market Traders Institute or other recs? Been studying on my own just thinking a more directed approach might be better. Thanks for any info you can share.
June 16, 2011 - 9:01am
#132
harf and half
hey harf, could i propose a new avatar for you?
i think you'd rawk this picture.
besides, its got two of my favorite things - a t-shirt and the color purple! =P
http://rlv.zcache.com/a_man_with_half_a_brain_is_gifts_tshirt-p235380142...
June 16, 2011 - 9:02am
#133
Hi Ho
Love the graph. Been on that emotional rollercoaster myself once or twice.
June 16, 2011 - 9:09am
#134
nice avatart
Yes, thanks Joeka, that looks like a propa
nice source of phhfyyizz I might add.
June 16, 2011 - 9:15am
#135
Key is the dollar
Good Morning:
In my opinion, the whole key to the metals at the moment is the dollar. Strength in the dollar offsets the risk of Greece's default. Metals are going up priced in EUROs but not dollars. Any move up that metals try to make here is tempered by the dollars strength. When the dollar falls, then we get a big up move. Right now this action is just slicing and dicing. With the problems in Europe, dollar strength could continue for weeks if not months. Too simple isn't it?
Watch the dollar chart. Looks like 78 is in the cards. I have heard even 85! Hard to believe that one.
Oil. We are awash in WTI. Demand is down. China uses Brent not WTI. Most of the rest of the world uses Brent.
In my opinion, that is the reason for the huge spread
June 16, 2011 - 9:16am
#136
harf and half
looks like a book I need to read
http://www.summersdale.com/book/1/233/half-wit/
June 16, 2011 - 9:20am
#137
surely u kid?
POSX at 85 ?! thats nuts bro.
and dont call me shirley.
June 16, 2011 - 9:23am
#138
Fiat inflation in France
June 16, 2011 - 9:28am
#139
I just wanna take my ball and go home.
Right now this action is just slicing and dicing. With the problems in Europe, dollar strength could continue for weeks if not months. Too simple isn't it?
Fits in with my general thesis as well. I plan to stay small through October. Seasonal Doldrums. QE3?? Sept/Oct Panics. Greece. Debt Limits. Economy rolling over. I just wanna take my ball and go home.
June 16, 2011 - 9:32am
#140
trade developing
ok i see an xag trade developing. i think 35 is definitely going to be breached and we will go as low as 33s as next stop. i'll be looking to enter a short in the mid 35s which is around now.
i want to say the risk is relatively higher but i'm willing to throw in some chips.
June 16, 2011 - 9:34am
#141
Hey Joeka, this is supposed
Hey Joeka, this is supposed to be a serious
debate around here. I'm never ever going
to get any votes like this. 
Go and check
on your Bollinger bottles & make it quick,
before people see we've been larking around.
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Hi-Ho Silver - you're doing the chart work I look at but am too lazy to mark up and post, please keep it up :)
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