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I’m guessing this will set direction (if it hasn’t already) – I’ve i to just woke up lol
LONDON (MarketWatch) — The European Court of Justice is set to give an interim verdict on the legality of the European Central Bank’s Outright Monetary Transactions, the central bank’s current bond-buying program, on Wednesday. At issue is whether the ECB has the ability under European Union law to use unconventional monetary policies, following a legal challenge from German opponents to OMT. Germany’s Constitutional Court was asked to rule on the case, but referred the decision to the ECJ in February last year. The OMT program, which has never been used, is credited with easing the eurozone’s debt crisis by easing fears on Spanish and Italian borrowing costs. The ECJ decision, expected at 8:30 a.m. London time, or 3:30 a.m Eastern Time. is seen as possibly chilling the prospect of quantitative easing from the ECB if it finds OMT not legal.
MC Hammer time Ark?
in which thing though Dan, Gold or oil or natural gas are all behaving as I expected, oil actually now going for highs of the day again….
s&p sells of, but gold also loses gains at the same time…. ?? one is lying…. im inclined to think the s&P/dow etc etc is the odd one out but who knows, haven’t traded s&p for a few days as cant quite figure what is afoot, been playing in shares & funds instead.
Well done Ark, real money, real value. I think 2015 will show we need to get real about money else we all risk going bust.
The best thing is, if I think about such providers like a trade it kind of makes sense to keep fixing a tariff with no exit fee in the event of some spike, however without the exit fee one can keep signing up to newer deals if the price falls further and better fixed rates arrived, its like an Epiphany for me ….. like mortgage renegotiation for a better deal without the fees……
The last few years have seen consumers fixing in light of rising prices, however the tables have now turned, I wonder how many people are sat happily in their prices they fixed not so long ago when the commodity prices were way way up there……. (like I was until about 30 minutes ago).
Todays UK CPI/RPI figures makes for interesting reading too…. (added that bit so that my post is marginally relevant to the topic, lol) 🙂
FYI in the event anyone else is interested… https://cheapenergyclub.moneysavingexpert.com
on a similar note, but slightly off topic, what with gas and oil prices here got me thinking may be time to get a new fixed monthly gas and electric provider fixing at current deals available…just did, monthly direct debit reduced by 45% woohoo that’s got to be my best trade all year 🙂
I remember the days you were hidden beneath your table in 2000 Ark. No repeats please!!!
You bet, the beauty of speculative trades being confined to instruments/vehicle’s that do not require margin…..
Ha ha, I filled my car up yesterday for the first time in a long time, I couldn’t believe how much cheaper it was and that some of the price falls had actually made their way through to the pumps (navigating exchange rates and taxes). Interesting when you think how much the price of crude has fallen even with the strength of the dollar increase to the pound reducing that effect on the GBP price it’s still rather amazing. On a personal scale of 1-10 in terms of risk of an oil long I think its probably a 6.5-7, I have plenty of scars from catching falling knifes (and never fully learn my lesson). Iw atched a great clip online about all the bears in oil. I guess I’m a bit of contrarian, sell when going up and buy when falling, beauty of the pension is no margin worries….. I’ve gone on in about 30% normal investment as not to miss a slight rise! but also the ability to build a position if falls further! same with natural gas. Watch this become the one I hold for 2 years just to get back to break even, lol….
Problem with 3OIL is that it is a uk fund, so if oil moves significantly to your target after 1630GMT you can’t trade it, so that is why I also use an american one, you can take a position on that if you are in 3 oil and want to in effect close/hedge that position, vice versa too.
45.70 on crude?!… Any takers?… I might dip my toe in tomorrow
You bet…. in via pension vehicle again, might only be for a day or two though…. nothing like a good brokers downgrade to cause a spike down and create a bottom lol 😉
went speculative on a few things this evening…
Which epic did u use in your pension ark?.. Thats what I think it’s worth doing in too.. Even if it goes lower I can hold and even add if I manage it right!
boost fund (on uk market) levereged. pro. shares ultra bloomberg on US market.
Went in last week via the pension when the s&p was having its down day but pulled out 2-3 days later after it did 4-5%, keep thinking of dead cats…… I think it needs an ugly reversal day (hammer type).
Atm I will not have trades running overnight or weekends as it is too great a risk that sensible stops will be jumped over.
Amen to that !! I have been whipped out a few times only to then watch it go where I wanted, Sod’s law, that’s is why I am playing this all through pension ATM instead of spreads as not to carry the whips and it doesn’t matter quite so much.
