iCharts Discussions

STEPUP · White Belt Joined: 17 Mar 2012 Posts: 95

So we are going to have the ST thread back.

svkum · White Belt Joined: 14 Feb 2007 Posts: 321

PT -as hinted by you, why not make forum activity only for subscribers?
we can avoid srcasm, free advise and lectures , which can be termed as frustration out of blocked intellingence, and looking for aopen vent here in forum.
hope you will honestly consider this suggestion.
I know this would invite lot of backfire from same group of ppl , but lets face it.

vishvesh2001 · White Belt Joined: 11 Mar 2012 Posts: 16

Pro trader, Swing trader, RK. Sorry for my comments on the forum. As you rightly pointed we are here to discuss and share knowledge. Let us not turn this into a battlefield

Sorry once again.

ULTIMATELY KNOWLEDGE IS POWER AND ONLY KNOWLEDGE WINS

SwingTrader · Posted: Tue Jun 05, 2012 10:44 am Post subject:

vishvesh2001 · White Belt Joined: 11 Mar 2012 Posts: 16

ST. It is a revelation to me that AJay's IP address is closer to me. Probably he is around somewhere around this place. Any let us get on with business like what you said earlier. No egos here please!!

SwingTrader · Posted: Tue Jun 05, 2012 10:55 am Post subject:

rk_a2003 · Black Belt Joined: 21 Jan 2010 Posts: 2734

"the prices of gold and silver jump higher when Ben spoke . why ? interest rates will remain low for the foreseeable future.

In other words, he plans to keep printing money for as long as he can get away with it. And that makes the value of the “money metals” - gold and silver - climb in value.

So Ben speaks and metals rise. That’s been the consistent trend for years. BUT ,February 29th, 2012 , Ben Bernanke was set to speak before Congress.

Gold was sitting at $1,792 and working its way up to $1,800. That’s a level gold has reached only a few times before and never before August of 2011.

So if trends continued, gold was set to explode through that $1,800 psychological level.

...just one minute into Ben Bernanke’s remarks a mysterious and gigantic sell order came in: 15,000 gold contracts. That’s 1.5 million ounces of gold - a HUGE sell order almost never seen on the markets.

Immediately gold and silver started to dive. It took just 2 minutes for gold to fall from $1,767 to $1,727.

Overall Gold dipped down $100 from the previous overnight high. And silver came down $4.

It was the exact opposite of what should have happened. So the question has to be asked...who shorted gold for the US Govt?
It seems it was JP Morgan. JP Morgan dropped 15,000 sell orders on gold just moments after Ben Bernanke started speaking...

...it seems like an obvious attempt to keep gold prices down. But why?

Because the price of gold reveals that the emperor wears no clothes. Gold soars when a currency fails - and it seems some very powerful people want to see gold stay put. Even if only for a little while.

It wouldn’t be the first time JP Morgan has worked in cahoots with the government..... the company, and JP Morgan the man.

In 1895 Morgan helped the US government BUY 3.5 million ounces of gold to save the Treasury.

In 1907, Morgan spent millions propping up failing stocks on Wall Street to ward off a financial crisis. This intervention in the markets led to the creation of the Federal Reserve in 1913.

And now less than 100 years later, JP Morgan the company is still working hand in hand with the government.

In the long run, no one fools the markets. It all comes down to the fundamentals."

SwingTrader · Posted: Tue Jun 05, 2012 11:20 am Post subject:

vishvesh2001 · White Belt Joined: 11 Mar 2012 Posts: 16

Very True. Technicals would work especially in the Long term. Fundamentals are for a fast buck where you go along with the tide and expect a wind fall. This article mentions fundamental on a index level and obviously Indexes do change based on fundamentals. However trading action would depend on technicals alone

I am not an expert but you are free to correct me if I am drifting

sherbaaz · Yellow Belt Joined: 27 May 2009 Posts: 543

SwingTrader · Posted: Tue Jun 05, 2012 12:18 pm Post subject:

STEPUP · White Belt Joined: 17 Mar 2012 Posts: 95

Fundamental is related with Macro's of Economics - GDP, Financial Budget, Inflation, Capital Account,Forex Reserve,unemployment rate

Technical is related with Micro's of Economics - FII Data respect to Capital Market,CRR,Bond Rate,Allocation of resources & prices of goods and services with respective organization & its effect on EPS & Dividend.

Different path but merge to ONE i.e., "PRICE".

vishvesh2001 · White Belt Joined: 11 Mar 2012 Posts: 16

Latest news is that a huge shortfall in US job numbers. Only 69000 jobs were created against 150000 jobs expected. We expect the Fed to again come back and push up the stock market and economy with their QE. This will have a bearing on the Indian stock Market obviously.

Let us wait and watch

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

I wonder why RK has become quiet!

ProTrader · Site Admin Joined: 06 Jul 2008 Posts: 433

Dear Vinay:

Do you have a problem with that?

Let RK decide what and when to post. You are also welcomed to post too, if you have anything to share rather than one liners like this. It destroys the continuity of the content from the original author and the flow of subsequent interactions.

Please read my post earlier and stay on the topic.

Thanks for your understanding.

Regards,
ProTrader