Dollars are so yesterday - Euros are the future (after Bitcoin that is....).
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Gold
Collapse
X
Collapse
-
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain -
Originally posted by scooterscot View PostDollars are so yesterday - Euros are the future (after Bitcoin that is....).Comment
-
Massive spot gold correction on the cards.
Stochastic just crossed down on the monthly chart, weakening strength in the face of increasing price. Bearish divergence I think it's called.
No one will be spared. Not even the children.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by scooterscot View PostMassive spot gold correction on the cards.
Stochastic just crossed down on the monthly chart, weakening strength in the face of increasing price. Bearish divergence I think it's called.
No one will be spared. Not even the children.
Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.Comment
-
Originally posted by Zigenare View PostI've got to quote this tulip for posterity!"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by scooterscot View PostMassive spot gold correction on the cards.
Stochastic just crossed down on the monthly chart, weakening strength in the face of increasing price. Bearish divergence I think it's called.
No one will be spared. Not even the children.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by northernladuk View PostSo **** all to do with any world matters, economy, markets and so on? Just some patterns on a chart?
Soros (love him or hate him - he's very good at this type of stuff and has results to show for it) wrote quite an interesting theory on reflexivity all about this:
Reflexivity theory states that investors don't base their decisions on reality but their perceptions of reality. The actions that result from these perceptions have an impact on reality, or fundamentals, which then affects investors' perceptions and thus prices. The process is self-reinforcing and tends toward disequilibrium, causing prices to become increasingly detached from reality."Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
-
Originally posted by northernladuk View PostSo **** all to do with any world matters, economy, markets and so on? Just some patterns on a chart?
Considering the state of the world economy, the debt, continuing uncertainty, you'd think the price of gold would have shot up."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by scooterscot View PostMassive spot gold correction on the cards.
Stochastic just crossed down on the monthly chart, weakening strength in the face of increasing price. Bearish divergence I think it's called.
No one will be spared. Not even the children.
Is it going to go up or down?
Should I buy or sell?See You Next TuesdayComment
-
Originally posted by Jog On View PostIt's not uncommon for the technicals to drive the fundamentals. People assume that the charts are just a visual representation of market sentiment, but a lot of the time things like interest rates decisions and central bank interventions are done to try and curb speculative trends and bubbles.
Soros (love him or hate him - he's very good at this type of stuff and has results to show for it) wrote quite an interesting theory on reflexivity all about this:
This is why technical traders like trends and methods like Elliot Wave have stuck around so long.
I just cannot get how the same techniques can possibly work across all three with so many different factors that drive highs and lows. It doesn't make sense so unfortunately easy for people like me to just dismiss it as a complete sham. I could understand if it worked for bitcoin as it doesn't exist so you can use charts to predict how people react to previous movements as there are no other tangible factors affecting the price. Maybe so for business to an extent due to people selling high, buying low with the actual business performance and market conditions only being a factors but gold is such a slow burner and affected by much bigger things how can standard technical analysis work?
Maybe it does really work but having a skin full of Scoots and his utter nonsense missing the mark by a mile multiple times has jaded my view.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment