Pailin's Trading Corner

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Mon, Sep 3, 2012 - 8:32am
Rico
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@Ivars, I'm assuming that's

@Ivars,

I'm assuming that's some Forex silver order. Was it cash or margin? Either way, it must've been way beyond the parameters relating to your acct size, as normally those sewer rats are more than happy to take your money and watch you burn. Usually, when they reluctantly put their foot down, it's because they don't want to later be accused of standing there while someone jumps off the Golden Gate bridge...

Mon, Sep 3, 2012 - 8:56am
Rico
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http://www.ft.com/intl/cms/s/

https://www.ft.com/intl/cms/s/0/6a2658ce-a42a-11e1-84b1-00144feabdc0.htm...

This the best article I've seen recently that explains why the doomsayers like TF and his peanut gallery are so completely wrong. It captures perfectly the corrosive deceit and cynicism which informs the actions of the mob bosses that run the world today.

These people aren't going anywhere. "Fiat" (God, I'm sick of that word!) currencies aren't going anywhere. The world financial system isn't going anywhere.

Don't bet on some clever "Big Idea"--especially when the guy across the table is holding not only all the aces, but all the other cards you're not holding in you hand, as well. Be the gnat on the elephant's back, not what's left of the mouse under its foot.

Mon, Sep 3, 2012 - 9:32am (Reply to #27111)
Joye
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Stockholm
Sweden
Joined: Jun 15, 2011
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Need to be registered

Rico u need to be resgistered to see that post.

Don't like to be registered if I can avoid it.

It is no measure of health to be well adjusted to a profoundly sick society. - Krishnamurti
Mon, Sep 3, 2012 - 9:35am (Reply to #27111)
Eman Laer
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FL
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328
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redwood wrote: Stacking is

redwood wrote:

Stacking is high risk contrary to what many believe. I did all of mine in 2010 and won't do anymore. There are many things to contend with: storage, theft, portability (silver mostly), confiscation, taxing, and we haven't even reached the real deal: unloading when it becomes necessary because you can be sure there will be a stampede for that too.

Everyone keeps pushing stacking....I'm not so convinced. Far better to take advantage of a paper market if one can and have some stacked imo.

Rico wrote:

https://www.ft.com/intl/cms/s/0/6a2658ce-a42a-11e1-84b1-00144feabdc0.htm...

This the best article I've seen recently that explains why the doomsayers like TF and his peanut gallery are so completely wrong. It captures perfectly the corrosive deceit and cynicism which informs the actions of the mob bosses that run the world today.

These people aren't going anywhere. "Fiat" (God, I'm sick of that word!) currencies aren't going anywhere. The world financial system isn't going anywhere.

Don't bet on some clever "Big Idea"--especially when the guy across the table is holding not only all the aces, but all the other cards you're not holding in you hand, as well. Be the gnat on the elephant's back, not what's left of the mouse under its foot.

I've always read this thread because I learn stuff, but lately the comedy here is getting really good. 

That said, thank you Palin for describing your usual wise and balanced approach to both paper assets (FIAT) and stacking bullion. 

I swing trade by the seat of my pants, but I do make a little profit somehow. Any comments I make about my trades should be taken with a grain of salt, and maybe as a contrarian indicator.
Mon, Sep 3, 2012 - 9:48am (Reply to #27111)
redwood
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Not registered either but the

Not registered either but the title pretty much sums it up. Since the selected President will be following all of the cabal's executive orders you can be sure the financial system will be protected with iron clad fists. That means reporting stability of currencies, growth in China as well as the US, strong equity markets and no ME war. That is why taking advantage of this period is very precious. We may not see something similar for some time yet imo.

Mon, Sep 3, 2012 - 9:50am
Silverman
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Bought at 30.50 Will close at

Bought at 30.50

Will close at 40. 

Mon, Sep 3, 2012 - 10:01am (Reply to #27112)
Eman Laer
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Joye wrote:Rico u need to be

Joye wrote:

Rico u need to be resgistered to see that post.

Don't like to be registered if I can avoid it.

Reprint of the article:

https://thelastchanceoffreedom.blogspot.com/2012/09/euro-crisis-on-hold-till-after-us.html

I swing trade by the seat of my pants, but I do make a little profit somehow. Any comments I make about my trades should be taken with a grain of salt, and maybe as a contrarian indicator.
Mon, Sep 3, 2012 - 10:19am
SSK
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Not bullish everywhere

South African mining faces more uncertainty, strikes. Bullish as we are, S.A. mining companies are high risk at the moment. GFI is facing strikes. The anger from the massacre at the platinum mine can easily spill over into a HMY or others. Wouldn't touch a South African miner with a vuvuzela these days.

Be careful.

https://www.foxbusiness.com/news/2012/09/03/lonmin-strike-reflects-bigge...

Mon, Sep 3, 2012 - 10:26am
Rico
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@joye

You can probably link to it from today's ZH "frontrunning" section. Maybe that will require registration, too--don't know.

Mon, Sep 3, 2012 - 10:40am
redwood
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OT but not really

https://www.lfpress.com/news/canada/2012/08/26/20142461.html

Rico among others here have been rentless about the perils of group think. The above is yet again another senseless example. Every day there is always a good one. Too much "co-dependence". Duh, unlike Draghi we are not reptilian creatures. "There are no limits to what we can become" , another version of "yes we can". Well we've spent decades trying to teach monkeys to speak....seems like a sizable limit to me. "Well this is a positive, that is a negative". Good luck with that one. I'm sure the bride above thought a photograph of her floating bridal gown was a positive. Black humor, always painful.

Mon, Sep 3, 2012 - 10:54am
Silverman
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594
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Monthly stochastics pointing

Monthly stochastics pointing up nicely. Looks like more upside movement awaiting us. 

Mon, Sep 3, 2012 - 11:02am
Silverman
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Same for silver. 

Same for silver. 

Mon, Sep 3, 2012 - 11:09am (Reply to #27121)
redwood
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Yup, silver just hit 32.

Yup, silver just hit 32.

Mon, Sep 3, 2012 - 11:24am
Rico
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Indeed.  This pot is getting

Indeed. This pot is getting bigger and bigger--the price is gonna get called on the Comex open, and the real money could be All In, by then. We'll see... Full House...or a pair of Deuces?

If this game was easy, anybody could do itcool

Mon, Sep 3, 2012 - 11:39am (Reply to #27123)
redwood
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I recall at least 2 long w/e

I recall at least 2 long w/e this year, if not more where that has happened. 

Mon, Sep 3, 2012 - 12:09pm
pailin
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Daily Pivot Points

redwood wrote:

I recall at least 2 long w/e this year, if not more where that has happened. 

Remember 4th of July? No? I bet everybody definitely remembers 5th of July :)

Maybe this gets stepped on tomorrow, maybe not. I kinda need "stepped on" since today's pivots are waaaaay down there. Today's action will drag up tomorrow's but still...want back in to reload :) :)

Daily XAU/USD
High 1693.38
Low  1646.06
Close 1691.75
R3 1755.38
R2 1724.38
R1 1708.06
Pivot 1677.06
S1 1660.74
S2 1629.74
S3 1613.42
Weekly XAU/USD
High 1693.38
Low  1646.06
Close 1691.75
R3 1755.38
R2 1724.38
R1 1708.06
Pivot 1677.06
S1 1660.74
S2 1629.74
S3 1613.42
Monthly XAU/USD
High 1693.38
Low  1584.18
Close 1691.75
R3 1837.90
R2 1765.64
R1 1728.70
Pivot 1656.44
S1 1619.50
S2 1547.24
S3 1510.30
Daily XAG/USD
High 31.787
Low  30.247
Close 31.690
R3 33.775
R2 32.781
R1 32.235
Pivot 31.241
S1 30.695
S2 29.701
S3 29.155
Weekly XAG/USD
High 31.787
Low  30.207
Close 31.690
R3 33.829
R2 32.808
R1 32.249
Pivot 31.228
S1 30.669
S2 29.648
S3 29.089
Monthly XAG/USD
High 31.787
Low  26.981
Close 31.690
R3 38.131
R2 34.959
R1 33.325
Pivot 30.153
S1 28.519
S2 25.347
S3 23.713
Daily EUR/USD
High 1.26386
Low  1.24929
Close 1.25785
R3 1.27928
R2 1.27157
R1 1.26471
Pivot 1.25700
S1 1.25014
S2 1.24243
S3 1.23557
Weekly EUR/USD
High 1.26386
Low  1.24646
Close 1.25785
R3 1.28306
R2 1.27346
R1 1.26566
Pivot 1.25606
S1 1.24826
S2 1.23866
S3 1.23086
Monthly EUR/USD
High 1.26386
Low  1.21332
Close 1.25785
R3 1.32724
R2 1.29555
R1 1.27670
Pivot 1.24501
S1 1.22616
S2 1.19447
S3 1.17562
To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Mon, Sep 3, 2012 - 12:57pm
SilverWealth
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national empy chair day

Mon, Sep 3, 2012 - 1:00pm
redwood
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the other was May long w/e but not Easter w/e

Mon Sep 3 12:56:24 2012




Mon, Sep 3, 2012 - 1:28pm
redwood
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No holiday for the algos

No holiday for the algos today. Business as usual. So I guess we'll watch what happens after 1:30pm. What a predictable bunch of robots.

Mon, Sep 3, 2012 - 1:39pm
pailin
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4313
15417

Halfway thru Willie on this

Halfway thru Willie on this lazy day.

C'mon haters...it's not that bad. I enjoy the distraction from the mundane. And the breathlessness of it all...that might be the best part :)

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
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