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FWIW

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  1. Patience is a virtue! A couple more days and things may be clearer!
  2. The banks know what's coming...Easy equity come, easy equity go... http://www.dailymail.co.uk/news/article-12...-borrowing.html Quote Taxpayer-owned Royal Bank of Scotland has launched a Christmas crackdown on borrowing, snatching back tens of thousands of pounds from homeowners. Thousands of customers have received letters slashing the amount they are allowed to borrow on generous 'flexible' mortgages. Some borrowers say they will be forced to rein in Christmas spending, cancel holidays and put off home improvements because of the miserly step. It could also hit many small business owners who were planning to use their spare borrowing to pay tax bills in the new year. Those affected all took out a flexible mortgage called Foundations. These were special deals available to loyal customers who held a current account. The mortgage works a bit like an overdraft. Customers were given a borrowing limit based on the value of their home, but they need not take all the money offered. They only pay interest on the money actually borrowed.
  3. 2 of my 3 stops just got hit - small profits. Gonna let my last one run, so hope you are right about $1337!! EDIT: last one just got hit at 1190 - not bad for an hours work with zero stress!
  4. Very nice work! Next time let me know when you go short. You or Rick have a real knack of getting the turning points right! I went long again with 3 lots at 1186ish - all stops moved to be in profits. Now let her run to wherever she takes me!
  5. Brilliant - these jokers will get me a great discount. Igglepiggle get ready my friend.
  6. From http://www.citywire.co.uk/Adviser/-/news/p...p;ViewFull=True Quote House prices could be hit by 'double-dip', says Fitch By Nicholas Paler | 11:48:52 | 03 December 2009 UK house prices face the prospect of a 'double-dip' in the next few years amid high unemployment and constrained lending conditions, a leading ratings agency has warned. Delivering a bleak outlook for house prices, Fitch Ratings warned once again that it expected to see house prices come down by nearly a third from the peak seen in 2007 - despite recent monthly surveys indicating that prices have bottomed out and are starting to creep higher. Fitch, which has kept its credit outlook for UK housebuilders at 'negative' because of its concerns about the sector's debt levels, said a recovery in the housing market in the near term was unlikely, and it expected to see either no growth or further falls in price as problems came to a head. Fitch's UK housebuilder analyst Jean-Pierre Husband, said: 'A quick and sustainable improvement in UK housing conditions is unlikely, and this will restrict the potential for rating upgrades. 'The main economic indicators point towards a period of stagnation at best, or at worst a double-dip contraction in house prices.' Highlighting one of the main headwinds facing the sector, a Fitch report into housebuilders noted that: 'Over 66% of UK mortgage borrowers are now on floating rate mortgages, compared with 48% in August 2008, and their ability to service existing mortgage debt would be adversely affected by any hike in interest rates.' Fitch's view on the housing market is in-line with others who remain sceptical about the recent recovery. Capital Economics property economist, Seema Shah, said current increases in price have been driven by a shortage of property for sale, and that this was only providing temporary support before rising unemployment fed through to valuations. Shah said the small increases seen recently made no difference to the underlying outlook and basic argument that prices are still overinflated. She predicted that if rises continued sellers would become more confident about putting homes on the market, increasing supply and therefore driving down prices. She added: 'Unemployment is likely to continue rising long after the recession ends. This will also put heavy downward pressure on average earnings, with the result that pay growth could tip into negative territory next year.' 'Even if the economic outlook proves better than we expect, the housing market will not benefit. Interest rates would be raised, reducing affordability, while fiscal tightening will eat into households' disposable income. The upshot is that with the housing market still overvalued, prices are more likely to fall than to rise next year.' Meanwhile a recent house price survey showed prices climbed slightly in the last month, although growth has slowed heading into the holiday season. Nationwide said that house prices rose by 0.5% in November, taking the average house price near to early 2006 levels at £162,764. On a less volatile three-month reading, the building society said the rate of change had dropped to 2.8% from 3.5% in October.
  7. IF S&P500 rolls over (as in this video) then it could take gold priced in USD down with it (not very far but down nonetheless). http://broadcast.ino.com/education/sp5001130/ DYOR
  8. I am looking at the daily candle on the gold price, it looks like it could be a hammer which could indicate a pull back. Be careful and manage your risk levels.
  9. Not sure why they didn't show this graphic inline in the article? Maybe the thought of an audit of us holdings may have been planted if it was shown?
  10. Yes very bullish Sir Pixel8r. We have a huge white candle on the monthly, we also have 4 white soldiers on the weekly pattern (basicly we finished each week higher) and we have a huge hanging man pattern. The previous day was a doji, which is soemtimes called an evening star. I will wait for confirmation of the opening price on Sunday/Monday to ensure that open is higher than today's close. If so, that is very bullish. As I scan across all the markets I can see that we either have doji's or hammers. Again, this means the actual open is crucial to see which way we will go. DYOR!
  11. OMG This should be clased as ethnic cleansing. Where are all the good men?
  12. [sarcasm on] Maybe Timmy and Bernanke had a plan all along? Maybe they were just pretending to bail out all their mates? The money will be burnt and no-one will be wiser? [/sarcasm off] Now look at the ECB, when you Trichet talk about price stability and ensuring that the wealth of millions of people is maintained. If you had to believe in one peice of paper over another which one would you choose? I vote gold though...time will come when people will want to see how much gold, silver or even tungsten you have, before any deals are done. The paperbugs are finished.
  13. But that taught you a very valuable lesson. Do more sitting, and less tinkering. I personally use the Williams %R indicator - but with RSI or Williams you need to be patient (days and weeks). Have a look at the Gold TTT thread and I think we can talk.
  14. I can't see the picture, but patience is a virtue my friend!
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