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I have closed all shorts, even intra day, as the noise seems to be
in line with my feelings, that a Greek deal is very very near.I am going to have a trade, feels more like a bet,
on this outcome, by a small long Dax at 11329Never give up, never surrender.
Well done Cim on the shorts.
The dipsters are just net letting downside stick.
Your long in DAX may be spectacular if Greece resolves but for now I see this as topping and I am bearish.
NFP’s this Friday also
Plan your trade, trade your plan!
Every 40 years or so we have a new financial system. 1971 was the last one when one August day (a Sunday evening I think) President Nixon cut the last link to gold. Since then with no gold or silver in the financial system, paper and electronic dots have been conjured up in a giant monetary experiment with no thermostat control on their creation.
44 years have past so now we are due a new system….. how will ‘they’ announce it and what will it look like? You can bet precious metals will have some sort of role. They have to give the new system ‘confidence’, a ‘confidence’ that will likely have been shattered in the events leading up to instigation of new system. No one will trust paper or dots, but they will trust physical metal.
Thanks ‘K’ the Dax long is small and well protected with a stop.
Full moon yesterday and we are searching for a low in it’s window.
Atleast that seems to be working as per normal with no inversion.Bulls now want to try and get through the Greek deal, NFP and
then on into the Bradley and new moon and quad oe. That is
quite a big ask but will remain on the menu unless bears
can get that breakdown.Never give up, never surrender.
small long Dax at 11329
Some good, some not so good news.
Whilst I was out my partner closed as we went above 11500 and
then fell below. A profit can never be a bad thing.Atm, I am not rushing back to re-open.
Never give up, never surrender.
This is the best I have read re Greek talks etc.
http://www.bbc.co.uk/news/business-32989534
Looks more and more like a can kicker to me.
Never give up, never surrender.
Well done Cim on Dax
Absolutely agree on Greece, that is all it can ever be. I have no idea how debt can be repaid with no growth due to austerity.
Wait till Spain joins the fun and games soon too.
Plan your trade, trade your plan!
Same old levels giving stress.
2110 remains the support but so many below that.
Greece news due very soon and hopefully that will give us direction
Plan your trade, trade your plan!
Silver producer First Majestic complains to CFTC….
All eyes on the May lows for major stock markets.
Dax is very near and the Ftse is within 50pts.
Whatever happens at these support zones, we can expect
a reaction as it could signal a break down or give the
bulls one last shot at ath’s.Maybe a time to wait and ‘know’ rather than be part
of the unfolding story.Never give up, never surrender.
Looks like it was getting too near those May lows / support and
a few phones went out for buyers to keep the ship afloat.Never give up, never surrender.
Looks like Greece will exercise the option to pay all of it’s
June IMF repayments, at month’s end.I would have done that even if it was just to play for time
whilst I worked out a ‘default’ game plan.Never give up, never surrender.
Markets looked very bleak yesterday but we did not
get that break down through the May lows sandline.Greece IMF payment date is now 30th June inline
with the end of the current bailout deal.NFP is the know event today.
If we dont breakout downwards then a rally up
and on to Bradley, new moon, quad oe has to
be possible, even if insane.Get the NFP wish wash and this weekend over
and let’s see what happens next week.Never give up, never surrender.
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