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Everything posted by munsterkings

  1. Irish government is in tatters. The Green Party (minority coalition party) have called for an election....... Fianna Fail members themselves are calling for a leadership contest... The snowball is beginning to roll, and it's all downhill! MunsterK
  2. munsterkings

    Ireland's "Suicide Pact" With the E.U.

    Our media is full of anger regarding our electoral system. It favours local politics - you have our houses of government and leaders, building hospitals/schools/infrastructure in rural parts of Ireland, just to get the vote of a single 'local' politician. It's a joke, and then you have the cosy relationships that foster unethical business practice. I suspect though that you may see a 'revolt' rather than an orderly change. So, to answer your q; I see it 'brewing' in Ireland, but as I've experienced through my career. It's easy to talk about what needs to be done - value is seen when people have the courage to act..... so time will tell if pain turns to anger, and then on to change, real, meaningful change. My problem is that I see no-one here that I would vote for! MunsterK
  3. munsterkings

    Ireland's "Suicide Pact" With the E.U.

    May yourself or GF never fall on hard times. Maybe you're immature and will grow out of your arrogance, but it's not good and someday you might need to call on someone yourself. MunsterK
  4. munsterkings

    Why deflation won't happen

    very interesting..... Terry Laundry is almost as negative on the outlook; have a listen to his audio and long term T-Theory chart.....really negative Audio: http://ttheory.typepad.com/files/ttoaudio20100808parta-1.mp3 Chart: http://ttheory.typepad.com/files/adts20100806pdf-1.pdf hope he doesn't mind my posting this, but it's good stuff..... MunsterK
  5. munsterkings

    Chinese Gold Speculation on Sky News

    Definately time to sell.
  6. munsterkings

    What A 5-Wave Elliot Pattern Looks Like

    yeah; it's sure been looking that way. lots of divergences and volatility...... I'm short right now on a number of positions, with tight mental stops, so we'll see. I'll keep an open mind and add or exit based on what the market decides to do. Munsterk
  7. munsterkings

    Obama's SECOND big mistake

    I completely agree. This is a real milestone[ a -'ve one]. It's the first thing in a long time that has really 'shocked' me. I'm really amazed it's going through.
  8. munsterkings

    PIIGS / Europe's Debt Troubles

    WOW! That's a useful reminder that the relations between member states in the EU zone are going to be seriously tested!
  9. munsterkings

    Dollar may be done here - Be careful

    I think this is a great summary........... it's good to be reminded of the examples below. http://www.elliottwave.com/freeupdates/arc...rice-Point.aspx Presented by Elliott Wave International HOME > CURRENCIES EUR/USD Breaks Below Major Price Point Just when everyone thought the U.S. dollar was a goner, it rebounds! By Vadim Pokhlebkin Thu, 28 Jan 2010 13:00:00 ET Email | Print | RSS | My Updates BOOKMARK AND SHARE IT! On January 27, the EUR/USD (exchange rate between the euro and U.S. dollar and the most widely trade forex pair) slipped below $1.40 for the first time in six months. In other words, the dollar -- which most analysts considered all but doomed a short while ago -- now stands at a 6-month high against its main competitor. This brings to memory an interesting quote from EWI's president Robert Prechter's May 2009 Elliott Wave Theorist. Bob talks about the stock market, but it applies equally to forex: To anyone not versed in socionomics, everything the stock market does is saturated with paradox. — When T-bills sported double-digit interest rates in 1979-1984, investors saw no reason to abandon their T-bills for stocks; when T-bill rates were low in the 2000s, investors saw no reason to put up with the “low yield” of T-bills and sought capital gains in stocks. The first period was the greatest stock-buying opportunity in two generations, and the second period was the greatest stock-selling opportunity ever. — When long-term bonds yielded 15% in 1981, investors were afraid of Treasury bonds even though they were about to embark on the greatest bull market ever; in December 2008, when the Fed pledged to buy T-bonds, rising prices appeared so strongly guaranteed that the Daily Sentiment Index indicated a record 99% bulls, just before prices started to fall. — When oil was $10.35 a barrel in 1998, no one made a case that the world was running out of black gold; but when it was 7-8 times more expensive, some three dozen books came out arguing that global oil production had peaked, a theme that convinced investors to begin buying oil futures…about a year before the price collapsed 78%. — In the second half of the 1990s, the idea that stocks would always be the best investment “in the long run” became popular just as a long period of superior returns was coming to an ignoble end. [As] of today the S&P has underperformed safe, boring Treasury bonds for the past 40 years, since 1969. — Just when nearly everyone -- including world-famous investors -- finally panicked and conceded in February-March 2009 that the financial and economic worlds were in dire shape, the market turned around and shot upward in its fastest rally in 76 years. Prechter's quote spells out the crucial importance of market sentiment for the trend. Ironically and paradoxically, when everyone gets utterly convinced that the trend is here to stay, that's the time to start looking for a reversal. The "surprising" turnaround in the U.S. dollar is just another example. Now, a sentiment extreme by itself may not mark a reversal; a market can stay overbought or oversold for a long time. What helps to pinpoint a turnaround is Elliott wave analysis. If your charts show a completed Elliott wave pattern AND your sentiment indicators are pinned to the max, a change in trend shouldn't be far off. Forex analysts blamed the latest euro weakness on "Greece’s and Portugal’s budget crises." (Bloomberg) Sounds bearish, but wouldn't it be ironic if instead of falling further, the euro would now rally? The latest short-term forecasts by our intensive Currency Specialty Service show that it's indeed likely. No, not because things might improve in Greece or Portugal -- because the EUR/USD's Elliott wave pattern is putting in a short-term low. To find out what exactly that means for the pair, read our latest forex forecasts[/url] today.
  10. munsterkings

    GEI market thoughts - February 2010

    just a suggestion - I would ask folks where they think the recovery will come from, China alone, BRIC, US, EUROPE; IMHO it will come from the US[eventually] given the size of the US economy. - I'm reading this right now fyi ; http://www.bloomberg.com/insight/emerged-markets.html MunsterK
  11. munsterkings

    GEI market thoughts - February 2010

    Great idea for a thread! I'm bearish stocks, and with the exception of there being a push up on S&P etc giving us some lower highs, I think they'll go lower from here. I'm bullish physical Gold and will be buying some now; will get some more later this year since I think commodities in general will fall more. I'm bullish China over the medium term 1-2 yrs, and want to be at least 50% in Chinese stocks by end of year. That's my novice view from the daily FA/TA, news etc. It's useful to have a view on what the likely direction might be, but I want the price/trend/FA to drive my decision making........ MunsterK
  12. munsterkings

    World Stock Markets 2010

    'course not - should have put it on this thread to begin with ..... thanks
  13. munsterkings

    World Stock Markets 2010

    Roubini's views were interesting in the bloomberg video below, regarding the global recovery and 2010 outlook. Some numbers which were a useful reminder for me..... GDP[ China worth about 4Trillion, US=15T, US+EUR+JAP=40T] In terms of the policy shift in China from export led growth to a more private consumer led growth story, the 1.3Trillion Chinese would contribute about 1Trillion, compared with the 10Trillion contribution to the US economy by it's 300 Million citizens, or 600Billion from the 1.9 Trillion in India. So, it'll be a long time before the global economy will be regionally balanced. http://www.bloomberg.com/avp/avp.asxx?clip...49532041&A= MunsterK
  14. nice one.... he got his bird back....
  15. munsterkings

    Uranium: Price is booming

    w.r.t the juniors; he argues well that the 80/20 rule doesn't go far enough. That 20 is more like 4%!; i.e. that 4% of the management teams are the ones that statistically will be the most successful. Also, there are over 4000 management teams in the junior space ; so at some stage we should see this thinning out. Anyone who's got this sector in their sights needs to understand/own likely acquisition targets. MunsterK
  16. munsterkings

    GEI Trading Academy

    Perishabull.... missed the poll, but I think it's an excellent idea. I also will try to focus any future contributions (assuming they'll actually be useful inputs ) to the trading section. I think it was Cuthbert C. mentioned that this would be useful - and agree 100%. I think if more and more members follow your lead, it will give good diversity to the set of active topics. thanks, MunsterK
  17. munsterkings

    Uranium: Price is booming

    http://www.reuters.com/article/idUSTOE5BL03R20091222 China to launch 2-3 Westinghouse nuclear projects -media Mon, Dec 21 2009 BEIJING, Dec 22 (Reuters) - China will start building another "two or three" third-generation Westinghouse nuclear reactors by the end of next year once they have been approved by the government, the China Daily newspaper said on Tuesday. The newspaper, citing unnamed sources, said the AP1000 reactor projects would also be the first to be built in the country's interior provinces, with central China's Hubei, Hunan and Jiangxi likely candidates. All of China's existing reactors are located along the eastern coast. China signed an agreement with Westinghouse Electric in 2006 to build four AP1000 reactors in the coastal provinces of Shandong and Zhejiang. The U.S.-based company, owned by Toshiba Corp <6502.T>, won the projects after agreeing a technology transfer deal that would make the untested AP1000 technology the basis for China's own-brand third-generation reactor. Two third-generation reactors, designed by France's Areva <CEPFI.PA>, are also being constructed in southeast China's Guangdong province. (Reporting by David Stanway; Editing by Chris Lewis) © Thomson Reuters 2009. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
  18. Happy new year from Cork. Hope all GEI members have a 2010 that's full of learning and profitability, with lots of fun thrown in. DrBubb - thank you for putting your calls 'out there' for discussion, and your open communication style. I hope to contribute more in 2010 with some profitable suggestions of my own... I want to remind folks that this little town of ours is gaining a reputation for being worth a visit - I'll gladly advise people if they are planning a trip........ http://www.lonelyplanet.com/press-centre/p..._release_id=444 "This new edition of BEST IN TRAVEL also reveals why Abu Dhabi, Charleston, Cork, Cuenca, Istanbul, Kyoto, Lecce, Sarajevo, Singapore and Vancouver have been selected as the Top 10 Cities to visit next year." Have a great one folks, MunsterK
  19. munsterkings

    Season's greetings.

    Merry Christmas everyone
  20. for me, it's about learning [and hopefully contributing ]. So, I'd like to see come core items being established. e.g. (i) Precious metals, (ii) mining and related activities, (iii) market analysis [i enjoy reading No6's latest opinions...it's like a drum beat and keeps things in sync....(iii) TA: love to hear more about people challenging each other in terms of what they are interpreting from the analysis, (iv) the trading diary is excellent; and I really value the openness with which you(DrBubb) give your views. It tests what I believe and I find myself asking myself lots of questions before I arrive at a conclusion to take action. (v) respect for others is key. References to Irish people being idiots I found to be completely out of order. I would never refer to any people in such a way. disgraceful. So, perhaps it might make sense to 'stream' it more, so that you 'build' an increasing amount of contributors around topics that interest them. Right now, I would like to hear more about investing/trading in Asia. I really think our mindset is still on the S&P/DOW et al when it should be looking to the east. It would be interesting to try to introduce that element into it. I full appreciate that you bring a lot of the hong kong aspects into GEI which is valuable. Thanks. MunsterK
  21. just in case folks haven't seen this yet, i'm posting it here. let's see if it carries any weight............ _______________________________________________ Europe Finance Chiefs Back U.S. Strong-Dollar Stance (Update1) Share | Email | Print | A A A By Brian Swint and Stephanie Bodoni Oct. 20 (Bloomberg) -- European finance chiefs expressed “worries” about foreign-exchange movements and backed the U.S. administration’s stated preference for a strong dollar after the euro rose to a 14-month high against the American currency. “Excessive volatility” in currency rates is “bad for economic development,” European Central Bank President Jean- Claude Trichet said in an unscheduled appearance at a press conference late yesterday after a meeting of euro-area finance ministers in Luxembourg. “It’s a problem which worries us,” said Luxembourg’s Jean-Claude Juncker, who led the talks. The euro has gained almost 20 percent against the dollar since February, making the region’s exports more expensive to overseas buyers and threatening the recovery from the worst recession since World War II. U.S. Treasury Secretary Timothy Geithner said on Oct. 3 that it is “very important” for the U.S. to have a strong dollar. “We all note with considerable attention the statements made by American authorities as regards their support in favor of a strong dollar,” European Central Bank President Jean- Claude Trichet told reporters in Luxembourg after attending the meeting. He also echoed the Group of Seven statement that “excessive volatility and disorganized developments in the exchange market was bad for economic development.” ‘Solid and Stable’ The dollar traded at $1.4978 per euro as of 7:31 a.m. in London, compared with $1.4965 in New York yesterday, after earlier declining to $1.4981, the weakest since August 2008. “We want a strong dollar; we need a strong dollar,” French Finance Minister Christine Lagarde said after the meeting. “We must remain disciplined” on the message, she said. “We reaffirm a shared interest with our partners of the major floating currencies that we have a solid and stable currency system,” Trichet said. “The eurogroup and the ECB will echo this position, which has been recently repeated by the American authorities.” Trichet and Juncker will travel to China with European Union Monetary Affairs Commissioner Joaquin Almunia before the end of the year to discuss currencies, Juncker said. The trio went to Beijing two years ago to push Chinese leaders for a faster “pace of appreciation” of the yuan, a plea that was rebuffed at the time by Premier Wen Jiabao. Too Early Juncker, who serves as Luxembourg’s Treasury minister and premier, yesterday said it was too early to talk about what they would say to their Chinese counterparts this time. “We’re not pre-announcing a message,” said Juncker, who also serves as Luxembourg’s prime minister. Juncker reiterated that the European economy is still too weak to remove record-low interest rates and government spending programs. Governments are spending billions of euros to boost the economy, while the ECB is lending banks as much money as they want for up to a year and purchasing covered bonds in an effort to get credit flowing again. “There are clear signs of recovery, but there’s still a balance between the positive and negative signs,” Juncker said. If new European Commission forecasts due next month show a “genuine recovery,” then stimulus measures should “be gradually withdrawn” starting in 2011, he said. The euro-area economy barely contracted in the second quarter as Germany and France returned to growth. The region’s gross domestic product will expand 0.3 percent in 2010, the International Monetary Fund forecast on Oct. 1, as it trimmed its estimate for this year’s contraction to 4.2 percent from the 4.8 percent it projected in July. Agricultural Policies The finance ministers’ meeting was delayed and then displaced by farmers demonstrating against agricultural policies at the usual meeting venue in Luxembourg. The meeting was moved to a chateau about 10 kilometers (6 miles) away after at least 1,500 farmers and about 400 tractors marched through Luxembourg’s streets to the conference center where the officials normally meet. The protests were aimed at a meeting of agriculture ministers that took place at the same conference center before the finance chiefs were scheduled to meet. The agriculture officials, whose meeting wasn’t disrupted, agreed to extend the period for intervention buying of butter and skimmed-milk powder until the end of February to bolster milk prices. To contact the reporters on this story: Brian Swint in London at bswint@bloomberg.net; Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.net. Last Updated: October 20, 2009 02:36 EDT
  22. Came across this while reading up on carbon sequestration. I remember someone was proposing we should put all the text in the post, rather than the link. My own view is that it's too much, and can clutter the thread if people are 'replying' to it.....I think it's better to post the 1st few para's and then the link if people want to complete article. Anyway, here's the whole thing................... MunsterK http://news.nationalgeographic.com/news/20...nforests_2.html Cities Trap More Carbon Than Rain Forests, Study Says Mason Inman for National Geographic News September 8, 2009 There may be something more to the phrase "urban jungle." Compared with tropical rain forests—the densest natural ecosystems—cities store more carbon, acre for acre, in their trees, buildings, and dirt, a "surprising" new study says. With Earth's temperature rising due to increased emissions of greenhouse gases, such as carbon dioxide, scientists are taking a closer look at all the places that naturally store carbon—and how to lock up more. "Everyone thinks about the tropical forests, but I don't think people consider cities as a way to store carbon," said study leader Galina Churkina of the Leibniz Centre for Agricultural Landscape Research in Germany. Although a lot of studies have focused on carbon in forests, grasslands, and other natural ecosystems, looking at cities—which now house half of the world's population—is relatively new, Churkina said. Intentionally storing carbon in cities could be one approach to counter global warming, she said. (Get global warming fast facts.) Carbon Cities Churkina and colleagues pulled together previous evidence looking at various stores of organic carbon—carbon that comes from living things, as well as from such as plants and animals, wood, dirt, and even garbage. Cities—including both dense metropolises and sprawling suburbs—store about a tenth of all the carbon in U.S. ecosystems, the study estimated. In total, U.S. cities contain about 20 billion tons of organic carbon, mostly in dirt, according to the new study to be published in an upcoming issue of the journal Global Change Biology. Some of this carbon-rich topsoil is in parks and under lawns, but it's also sealed underneath buildings and roads—a remnant of grasslands or forests that were there before development. Of all this urban carbon, about three billion tons are locked up in human-made materials—two-thirds of it in garbage dumps, and the rest in building materials such as wood. Tree Power Many cities have already launched ambitious plans for turning gray to green, such as Los Angeles' Million Trees LA project, which aims to plant a million trees in the Californian city over several years. Trees take up CO2 and turn it into carbon in their trunks, branches, and leaves, so planting more trees helps counter some of the excess CO2 in the air. Likewise trees also cool cities and reduce the need for air-conditioning, according to urban forest expert David Nowak of the U.S. Forest Service in Syracuse, New York. By planting trees around buildings, he added, "you avoid about four times more CO2 emissions than the trees sequester." Study leader Churkina added that "people could [also] try to store more carbon in gardens by smart management of the land. The carbon storage in lawns is quite amazing." Tricky Balance However, figuring out whether more lawns or trees in cities would actually fight global warming "can be tricky," said earth scientist Diane Pataki of the University of California, in Irvine. "Managing urban soils to store more carbon can use energy, and those fossil fuel emissions have to be taken into account," said Pataki, who was not involved in the research. For example, the process of making fertilizer typically burns a lot of natural gas. Later, when the fertilizer breaks down in the soils, it releases nitrous oxide—also known as N2O, or laughing gas. (Related: "Laughing Gas Biggest Threat to Ozone Layer, Study Says.") Since N2O is a much more powerful greenhouse gas than CO2, fertilizer can offset some or all of the carbon gain, Pataki added. Study leader Churkina agreed. "You have to follow the whole life cycle of things, and cannot just think of carbon storage." Waste to Energy Building wood houses instead of using concrete could also help, said Leif Gustavsson, an expert on sustainable technologies at the Mid Sweden University in Õstersund. However, the main benefit comes from better use of waste from wood industry and construction, not the carbon stored in the structures, said Gustavsson, who was not involved in the new research. Of the wood harvested for building materials in Sweden, his research found, only about 25 percent winds up in the buildings, while the rest becomes waste. "We should use all of the byproducts to replace fossil fuels," he said, burning them instead of coal, oil, or natural gas to generate electricity or heat. Bricks and concrete also require a lot of energy to create, the new research suggests, whereas harvesting sustainably grown wood uses much less energy—another carbon savings. (Related: "Hot New High-Tech Energy Source Is ... Wood?") Overall "it's a good thing if you can increase the carbon stored in society," he said. "Everything makes a small difference." © 1996-2008 National Geographic Society. All rights reserved.
  23. Steve, well said; let common sense prevail. My goal/reason for being here is long term learning [and financial gain, though if I weren't learning I'd drop it in the morning......] Over complicating communications will kill a forum such as this and wrap it up in red tape. I do genuinely hope to contribute more on my next 100 posts but haven't succeeded yet..... thank you, MunsterK
  24. munsterkings

    Imagechicken Banner - Get rid of it !

    same here....I did have more options a while back. MunsterK