Not so sure. Don't forget that smartphones (read: globalization, the manufacture of consumer electronics and access to opportunities via the Internet) have raised the disposable income in the third world. Before the smartphone era, what did places ...

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It might. I'm not saying buy it right now. But it's still a better alternate store of value than a cell phone. How much can you sell your 5 year old cell phone for, compared to what you paid for it (if you can sell it at all). In general, we're in a ...

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Don't agree. Money is something we will always need. Gold is first degree money (a store of value). All other forms of money are just someone's promise to pay (since Nixon got rid of the gold standard, and even then you had to trust that the ...

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Of course. Imagine how she'd look if she were wearing the equivalent value in smartphones and smart watches. And then she'd have to be bothered with getting new ones every year or so to keep her display of status up to date. Gold is so much more ...

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. It is also first degree money (not based on a government's obligation to pay). I think the current drop in price says more about what's going on with deflation (it's reflecting all the deflationary forces at work now more accurately than ...

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You're welcome! (and also to the other folks who said thanks. Didn't want to crowd up the thread too much.)

The Really Useless Thread

Edited post. Quoted you but forgot to mention you in the list.

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On the contrary. Every one from Mr. Hatch to Sisse to Gator to Ms Yellen was hinting that this was not a good place to short. url url url url

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url

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Yup. But she specifically mentioned a strong dollar as a force dragging on the economy, and said that she expects those forces to decline. Which could be read as saying the Fed will not be happy if the dollar gets too much stronger.

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Also: " the drag from some of the factors that have been weighing on economic growth should begin to lessen next year. " and then she says "Turning to the factors that have been holding down growth, as I already noted, the higher foreign exchange ...

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You're welcome! Thanks, I fixed the post. Unfortunately, I haven't found a way around this one yet, except to draw the fib without the MT tool, which I don't like. (Rocky is just being his usual nice self. He's actually a better programmer than I ...

The Really Useless Thread

You're welcome!

The Really Useless Thread

Here is little early holiday present: a fib editing tool that I made that might help you. How you would use it to get that type of line is 1) Drop a fib on the chart. 2) Right-click on the fib, and in the Common tab of the properties screen, change ...

The Really Useless Thread

No, it was a reply to someone who's only traded demo so far asking what could go wrong with taking both a long and a short position before a big news mover like NFP, with a 20 pip stop loss on both of them and closing after a minute. Demo accounts ...

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Probably. I don't trade before news myself but over the years of reading this forum, I have seen quite a few people complaining about large slippage during news. Guess the only way for someone to find out is to try it, or ask others about their ...

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slippage

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Why I would like 1.087x to short from:

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There was a nice fib setup that acted right on the way down, so bouncing at the target area here is normal. I would like to see that 1.0867-73 area again to short from.

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Just to be contrarian here, it could actually help the French and European economy. The reason 9/11 had such a bad effect on the dollar is that the when the US decided to engage in two major wars, instead of raising taxes to pay for it, it printed ...

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