ES Trading

[new_trader]

Inflation

...

The point about the CPI and PPI brings me back again to whether or not you believe Governments are creating inflation (inflating the money supply) and which planet I live on. I contend that I live on planet earth and that Governments are massively inflating. The fact that some producers are absorbing the inflation in reduced margins means that the inflation hasn’t fully filtered through to consumers yet and therefore won’t show up in the CPI. Producers may be absorbing inflation in other ways like shrinking packaging or a reduction in quality. These things don’t show up in CPI but is still evidence of inflation. I assert that inflation will eventually become too high for producers to absorb. However, it doesn’t escape my attention that other countries are experiencing higher inflation than reported in the U.K and the U.S...two of the biggest debtor countries on the planet...surprise surprise...

Anyway, I’m not debating this any further. This is now a case of wait and see.

Petrol Price Rise On Way As 'Floodgates Open'

Petrol Price Rise On Way As 'Floodgates Open' - Yahoo! Finance UK

It comes as forecourts pass on increased wholesale costs to motorists.
"Independent retailers have been soaking up this increase at the expense of already tight margins because they know how hard the motorist is squeezed," said PRA chairman Brian Madderson.
But he warned: "The floodgates will have to open soon."

So, how is everyone enjoying the inflation that Central Planners around the world aren’t creating...apparently? I wrote about this back on Mar 30, 2012, 8:27am but I just couldn't get the DUMBASS modern economist to understand...what planet is he from?

Spread-betters are bitterly complaining because IG Index has increased their minimums on certain instruments...you ain’t seen nothing yet!

There seems to be a concerted effort by Politicians and the mainstream media to talk up the “recovery” and indirectly talk down the price of gold. The aim, no doubt, is to convince the ignorant public that everything is O.K. It appears to be having an effect, but new_trader knows that this effect is only temporary and will take the opportunity to accumulate more gold as the debasement of fiat money continues.







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[new_trader]

Central Planning & Big Government

Sugary Drink Tax 'Could Pay For School Meals'

Sugary Drink Tax 'Could Pay For School Meals' - Yahoo! News UK

Food and farming charity Sustain said the Government could raise £1bn a year from the duty, while also saving lives by cutting excessive consumption of unhealthy drinks.

"The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help."
-Ronald Reagan.


This is what you get with BIG GOVERMENT, more taxes and more interference and control over our freedom to choose how we live. The Government thinks it knows better than all of us and wants to play the role of parent. It won’t be long before the Government uses taxes to influence behaviour in all aspect of our lives. We will be told what to watch, what to read, what to eat, what time to go to bed, what time to wake up...etc...etc...The Socialists must love all these taxes for our own good.






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[new_trader]

Re: Market and portfolio update

My opinion hasn’t changed since this post back in January. I still remain LONG on Stocks and Precious metals. I added more Physical Gold and Silver to my portfolio in the last few weeks. The ES is currently at 1448.50 and according to my figuring there should be a breakout to the upside in the next few weeks and I think it will hit 1500.00 by the end of 2012. There has been a lot of negative NEWS recently both for Stocks and Gold but IMO it was an effort to shakeout the weak hands. The truth behind the action is a different story and IMO it is indicating an advance. Don’t forget, the US Federal Reserve has created $US40 Billion out of thin air in the last month with another $US40 Billion just around the corner! The debasement of fiat money continues....


This is just my opinion, as always, do your own research!

The ES breaks above 1500.00!







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[new_trader]

Welfare/Warfare states

Democracy = Socialism = Bankruptcy

Welcome to the USSA...and the USSK...

Electronic Benefit Transfer (EBT) is an electronic system in the United States (and elsewhere)[1] that allows government's states benefits departments to issue money, accessible via a payment card.

Chapter - It's Free Swipe Yo EBT (Explicit) - YouTube







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[new_trader]

Market and portfolio update

The ES breaks above 1500.00!

I remain LONG on stocks and expect the ES (S&P500) to break well above 1600.00 before I would even begin to start thinking that this bull trend is near exhausted. The Central Planners are determined to debase their currencies to oblivion, so the market is being driven almost entirely by inflation and there is plenty of it and more to come I suspect.

There is nothing I am seeing that would induce me into liquidating my stocks¹. To me it looks like the market is ready for a breakout. There may be some minor reactions here and there while Tweedledum and Tweedledee try to workout the debt ceiling thing in the US, but I am staying long until the market tells me to get out.

1. Unforseen natural disasters and/or geopolitical events excluded.




AS Always, I could be completely wrong so do your own research!







16,880

 

[new_trader]

Property

Netherlands AAA Outlook Cut as Fitch Cites Shocks to Economy
Netherlands AAA Outlook Cut as Fitch Cites Shocks to Economy - Bloomberg

The ratings company maintained the country’s grade at AAA while removing its designation as stable, according to a statement released yesterday in London. As reasons for the move, it cited the level of public debt, problems at some Dutch banks and a property-market slump which may shave a total of 25 percent off values from their peak.

I shouldn't laugh really...but I have a very good Dutch friend who visited me a couple of years ago. She wanted to buy a house and no matter how hard I tried to explain I couldn't get her to understand that property prices can come DOWN.

"No" she explained, "That can't happen because we are a small country and many people want to buy property"...








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[new_trader]

Fiat madness

G-7 Said to Discuss Statement to Calm Currency War Concern
http://www.bloomberg.com/news/2013-...atement-to-calm-concerns-of-currency-war.html

The Group of Seven nations are considering releasing a statement on exchange rates this week to calm concern the world is on the brink of a currency war, three officials from G-7 countries said.

KEEP CALM AND CARRY ON.​

"DO NOT BUY GOLD. We are Central Planners and we have the MASSIVE ADVANTAGE of being able to inflate our currencies as we see fit. Everything is under control. We Repeat: DO NOT BUY GOLD, we have everything under control."





17,155

 

[new_trader]

Dumb investors follow the herd

Gold Falls Below $1,600 as Bernanke Says Economy Recovers

Gold Falls Below $1,600 as Bernanke Says Economy Recovers - Bloomberg

Gold futures slumped below $1,600 for the first time since August after Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is recovering, easing pressure for more stimulus measures.

Are investors really this dumb? Gold price was $642 back then...


Ben Bernanke - Why are some still listening to this guy.mp4 - YouTube









17,314

 

[new_trader]

Re: Dumb investors follow the herd

Gold Falls Below $1,600 as Bernanke Says Economy Recovers

Gold Falls Below $1,600 as Bernanke Says Economy Recovers - Bloomberg





Are investors really this dumb? Gold price was $642 back then...


Ben Bernanke - Why are some still listening to this guy.mp4 - YouTube

Bernanke Says Economy Far From Recovering Full Strength
Bernanke Says Economy Far From Recovering Full Strength - Bloomberg

Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is far from operating at full strength and reiterated his commitment to record easing.

And people think that it's supercomputers running algo's that are running the market...

You don't need a CRAY...You just need a Bernanke combined with a few dumbass Bloomberg journalists!








17,325

 

[new_trader]

This is investors (quite rightly) saying to Governments that because of all this inflation you are creating we want higher interest rates for our loans to you. The Governments are saying f*ck you, we’ll just get our Central Banks to print up the money and buy our debt so we can continue to borrow and spend cheaply and recklessly, suck on that gold standard!

Inflation? In the EMU? What planet are you on, n_t? Furthermore, what does this rant have to do with German debt? The ECB is NOT printing the money and NOT buying German bonds.

I know you have strong views on these subjects, but don't you think it's sometimes appropriate to think before you start with the slogans?

Spanish Core Inflation Up Even as Recession Deepens
Spanish Core Inflation Up Even as Recession Deepens - Bloomberg

Spain’s core inflation rate accelerated in January as the deepest austerity measures in the nation’s democratic history sustained price increases while pushing the economy deeper into recession.

What planet is this?


Mahatma Gandhi said: “First they ignore you, then they laugh at you, then they fight you, then you win.”










17,459

 

[new_trader]

Re: The News

Why only FOOLS and AMETUERS trade the “NEWS”.


Reuters:Thu Oct 11, 2012 2:30pm EDT
Gold up with riskier assets, snaps four-day decline
Gold up with riskier assets, snaps four-day decline | Reuters




Reuters:Fri Oct 12, 2012 12:39pm EDT
Gold on track for biggest weekly loss in two months
Gold falls, U.S. data feeds worry Fed could curb stimulus | Reuters

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Gold Heads for Longest Slump Since 2011 Amid Improving Economy
Gold Heads for Longest Slump Since 2011 Amid Improving Economy - Bloomberg

“The gold bugs have been obliterated, and the perception about the global economy has changed and people are moving to more riskier assets,”

More mainstream nonsense and double talk. Today, gold is a "safe haven" asset because the price is falling.






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[new_trader]

Portfolio

Just added one of these to my portfolio! Very nice

50 x 1 g Gold CombiBar






17,604

 

[new_trader]

It's all our fault!

Stock market 'driving up' fuel cost
Stock market 'driving up' fuel cost - MSN News UK

The plunging pound and stock market speculators are driving up the cost of petrol, according to the AA.

After surging 5p a litre over a month, the price of petrol at the pumps has gone up a further 1p in the last five days, it said.

The AA said the average cost of petrol in the UK is now 138.32p a litre, with diesel having risen 4.78p from its mid-January price to stand at an average of 145.10p.

How is everyone enjoying the Inflation that Governments on this planet apparently aren't creating?
Only a dumbass left leaning socialist would believe this sh!t.

Utter left wing DRIVEL!

Central Planners have been debasing our currency and trying to scare us all with the dreaded deflation bogeyman...they have been talking about how strong currencies hurt the economy and that they need to weaken the currency to boost exports...and that Inflation is NOT a problem yet...

The predictable result of all their idiotic Keynesian rhetoric and 'stimulus' policies is that prices would rise...and it's all OUR fault!


I'll be buying more gold on the dips and getting rid of as much of that Government issued paper fiat rubbish as I can.







17,642

 

[new_trader]

I agree 100% with this article:

Eyes Wide Shut – UK Hitting the Wall
Eyes Wide Shut – UK Hitting the Wall - Hinde Capital

"The ‘naughties’ was a decade of growth, but this growth was not real. It was not a growth borne out of production from savings, but it was a false growth borne out of rising debt levels. The UK’s seeming prosperity was, and still is, an illusion."

The writing has been on the wall for years and that is why I sold my property in the U.K and invested elsewhere and mostly outside the U.K. You know something is very wrong when every 3rd moron is telling you to buy property because you can't lose.

UK loses top AAA credit rating for first time since 1978
BBC News - UK loses top AAA credit rating for first time since 1978

Moody's said the government's debt reduction programme faced significant "challenges" ahead.

More Q.E...more debt...more stimulus...more Keynesian insanity!!!

Moody's announcement sent the pound falling further in value, but financial analysts said the impact was likely to be limited because the markets had been expecting a downgrade for some time.

Yes, that's why new_trader has been selling the £Pound and buying the relic for some time! :smart:

“In truth, the gold standard is already a barbarous relic. All of us, from the Governor of the Bank of England downwards, are now primarily interested in preserving the stability of business, prices and employment, and are not likely, when the choice is forced on us, deliberately to sacrifice these to outworn dogma, which had its value once, of 3 pounds, 17 shillings, 10 1/2 pence per ounce. Advocates of the ancient standard do not observe how remote it now is from the spirit and the requirements of the age.”
-John Maynard Keynes

Yes, and what a wonderful job the Central Planners have done since leaving the gold standard ay?

You have the Government issued paper fiat rubbish and I'll have the relic :smart:







17,702

 

[new_trader]

Gold

Where is the monumental crash in gold prices the mainstream media was harping on about just the other week? All I keep seeing are buying opportunities.

Maybe this is just a dead cat bounce? Gold is nearly $1600 again when only the other week every gold bear on the planet was calling the end of the bull run! I would have expected gold to be below $1500 by now especially with all the recovery hype.

My figuring tells me it won’t be long before the gold price is back above $1600 again. I suppose we’ll find out Friday which direction gold will head. I suspect this was the one last buying opportunity the gold bulls wanted because they know the US Congress will crack and give in to Obama’s spending demands and this will be bullish for gold.

Let’s see how wrong or how right I am on Friday. Either way, I am still buying gold on the dips.


08:33 - GCJ3 @ 1598.20



17,810

 

[new_trader]

Bernanke Defends Asset Buying as Benefits Outweigh Risks
Bernanke Defends Asset Buying as Benefits Outweigh Risks - Bloomberg

Federal Reserve Chairman Ben S. Bernanke defended the central bank’s unprecedented asset purchases, saying they are supporting the expansion with little risk of inflation or asset-price bubbles.

“We do not see the potential costs of the increased risk- taking in some financial markets as outweighing the benefits of promoting a stronger economic recovery,” Bernanke said today in testimony to the Senate Banking Committee in Washington. “Inflation is currently subdued, and inflation expectations appear well anchored.”

Remember this you Free-Market hating Socialists. Remember it well so when the next crisis hits you won't use Capitalism as the scapegoat again.







17,839

 

[new_trader]

Inflation and Cheap money

Dow Rises to Record, Metals Climb on Economic Stimulus
Dow Rises to Record, Metals Climb on Economic Stimulus - Bloomberg

“Monetary easing has been a main driver of equity markets,”

Cheap money and 'stimulus' are propping up the markets and yet there are some who insist there is no inflation on this planet!

Read the headline.. Dow & METALS climb...yet there are dumbasses who say Gold's bull run is over because economies are improving

new_trader remains long on stocks and gold and will add more gold on the dips.

07:36 - GCJ3 @ 1577.10

I'm still waiting for the monumental correction in gold prices now that the future is looking rosy!






18,105

 

[new_trader]

Inflation

BOE Inflation Threat Means Linker Returns Top Italy: U.K. Credit
BOE Inflation Threat Means Linker Returns Top Italy: U.K. Credit - Bloomberg

Recession Risk
Inflation has remained above 2 percent for more than three years, partly because the weaker pound has driven up import prices. Sterling slumped 6 percent this year, the largest drop after the yen among 10 developed-market currencies tracked by Bloomberg Correlation-Weighted Indexes.

It's obvious that a weaker currency will drive up import prices. The clueless modern economists and Central Planners keep telling us that we need a weak currency to boost exports to help the economy, but the dumbasses completely ignore the unseen consequences of their actions ie/IMPORTS.

Perhaps they should read about THE BROKEN WINDOW FALLACY.







18,334

 

[new_trader]

Gold

Gold Sales From Soros Reveal 12-Year Bull Run Decay: Commodities
Gold Sales From Soros Reveal 12-Year Bull Run Decay: Commodities - Bloomberg

Gold’s worst start to a year in a quarter century and the biggest sales by investors on record are increasing concern that bullion’s longest rally since the end of World War I is ending.

1,2,3,4,5 Bloomberg working over-time!

LOL @ Bloomberg...how many times per week do they need to remind everyone that Gold's bull run is over, dead, finished, kaput...

What a great philanthropist Soro's is...letting us all know when he is selling...



11:41 GCJ3 @ 1591.90






18,405

 

[new_trader]

Got Gold?

King Sees Case for Supporting Recovery With More Stimulus
King Sees Case for Supporting Recovery With More Stimulus - Bloomberg

‘‘The markets determine the level of exchange rate, not us,” King said, according to a separate transcript. “We’re certainly not looking to push sterling down.”

Never believe anything until it is officially denied!


The debasement of fiat money will go on...and on...and on


....got gold?










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