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You rang, Madame?

Indeed I did, mon petit f. Did you get my email?

Just been reading Tom H.'s website. Apparently he's been getting
hate mail from Traders, (I use that term loosely), who, unable
to think for themselves, have been blindly following his views, (views are
all they are), and losing loads of money with duff entry points and no
strategy for an exit using proper money management to protect their
trading capital.

If that's all they're going to do, then why don't they just give their
money to someone and ask them to trade it? It's not as if there's a
shortage of folk, wanting to milk the herd, offering such services, is there?

I don't blame Tom in the slightest, all he does is offer views to bring
his employer's and his own services further into the spotlight, (as well
as offering some useful trading strategy advice). I do blame folk who
can't take responsibility for their own actions, nobody put a gun at their
heads and told them to pull the trigger.

Anyway, I've been seeing snippets on TV on someone advising the IMF
to sell Gold reserves to finance their commitments.
Anyone know the jackanory on this? If true, it would put a big chunk of
supply on the market which would tend to give a negative bias to Gold.

I must stress that I've just seen a few snippets, so don't take this as gospel
and trade on it.

Looking for that 91 and 29 on Euro again.
Thin US Tanksgiving markets liable to give exaggerated moves???

Got It.

Link to IMF and Gold

Nov. 22 (Bloomberg) -- The International Monetary Fund, the world's third-largest
owner of gold, should sell some of its hoard to cover projected operating losses,
say a growing number of the fund's executive directors.


The Washington-based lender predicts it will lose $87.5 million next year and $280
million in 2009. Some directors say the fund should sell a portion of its 103 million
ounces of gold, valued at $64.7 billion, and invest the proceeds in interest-bearing
assets.

Glad I reestablished my long Cable pos post 09:30

Edt: FLAT too much uncertainty...

We're off again!

Choccy ...is she on holiday...?

anyone got and short term Cable charts to share..
bit confused as to the direction at the moment


1.9178 an obvoius level to shoot for on the upside

Choccie was going to be off air for a couple of weeks as of about a week ago. She did mention it, but I can't remember on which thread.

MM thanks think it might have been here...Doh

Charts on Gold/ Bonds/ Oil.

To move to a different currency cross, a little closer to home, anyone care
to post a chart and a view on Euro/Sterling, seeing as we now have 2 Doves
on the MPC (Sterling), and Trichet is more 'Vigilant' than ever (Euro) ?

Mel: Just adding my voice to the general appreciation of your postings. Great stuff.

Could be another day like Tuesday. Play the range 30 to 65 and wait for breaks.

Cheers, MM.

The Yen seems to be strengthening against all its crosses.
Is this the carry trade starting to plateau/ reverse?
Or do you often get moves with no real meaning when the
US is on holiday on lighter volume?

Some of the Yen crosses have Head and Shoulders patterns forming,
in Yen strength favour, at the end(?) of the prevailing Yen weakness trends.

long and looking for a break soon of 64...

I have that feeling we will wake up tomorrow to 1.9200

Good call Foale, looks like we're on the way. No position here, the R/R isn't good enough for me.

well its trying to break higher...

Well it certainly did but not in here since Wednesday

eek help no upper points of reference...took 1.9277 exit...
and banked the money..

berlimey!! what's all that about?