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Vedantafxtrader

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About Vedantafxtrader

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  1. Vedantafxtrader

    GOLD

    Seems of poor class and taste to be asking people to post details of their financial worth on an internet forum. Enjoy what money you have, rather than worrying how much someone else has. It will not make any difference to your life how much money some has or does not have.
  2. Vedantafxtrader

    Bernanke's Failings

    What a load of ill reasoned crap mate. No one wants to see financial ruin...as individuals we cannot control the collectivism of the policy makers, so what we should just go with the flow and applaud their actions? Of course not, individuals need to be their own central bank and adjust according to what is happening. If policy makers want to lead us to financial ruin, everyone has the right to protect his or her money that they have worked hard to accumulate. Thats different from wanting financial ruin. Its called protecting your family, lifestyle and individual rights and freedoms. Its being realistic and seeing things for what they are, not hoping that disaster strikes... By the way, I dont think GEI is poweful enough to move multibillion dollar markets where huge institutions are buying...it shows that you clearly don't understand markets A and K, and just seem to be incessantly whining about everything...I find it very hard to take you serious due to the pedantic and quibbling nature of your replys to posters, infact i find you very funny. If someone wants to have or give and opinion on their positions, where is the crime in that? Does that make you a shill? I m sure thats not the goal from the majority of forumers and bloggers, private investors, unless you are a talking head for a bank or hedge fund on CNBC or something...Can it not just be for enjoyment of intellectual debate and puzzle of the markets? Why are you so cyncial? And anyone who blindly follows someone elses advice with doing their own research and they get beaten up in the markets deserves to lose money and it will teach them a valuable lesson to not be so lazy and reply on others opinions...
  3. Vedantafxtrader

    Books

    Well, since no one replied MLabourer, have you read it yet. I think it is a good book. I guess the reason people think it is so good is that it demonstrates that not much has changed in the markets in many ways.
  4. Vedantafxtrader

    What is Real Beauty? Does it Matter anymore?

    Good on her. I wish her well. It certainly seems more worthy than a second rate "urban planning" degree. I have a couple of Scruton books...One is quite a thick book as a guide to philosophy and the other is entitled, "An Intelligent Persons Guide to Modern Culture" which I thought was very good. I also tend to agree that alot of what is passed as art is rubbish...I can understand Scutons point more subjectively from a musical angle.
  5. Vedantafxtrader

    SILVER

    GF, quick question...I have been buying silver coins of late...Of course you are paying a large amount over the spot price for a coin...due to the craftsmanship, so you are paying a premium based on this...Will it be the case that when silver moves up in price you will be able to sell the coins at a premium also? Thanks
  6. Wisebear, I know of Leighton, do you know any other construction firms in Oz that will be vunerable to a crash when the bubble bursts, any highly leveraged ones? I would like to look at the chance to short some of these firms in 2010. ASX has options I believe and CFD's, not sure best way to access these firms. Thanks.
  7. While I accept this will happen, I don't think it will happen in the next few months or even few years...So I would rather go with what looks more likely now...every cloud has a silver lining though. The longer it takes the more time to accumulate gold and silver,eh?
  8. Hi Wisebear, its been something I have been thinking about now for a few months, and partly one of the reasons I started shorting the AUDUSD. I think they have been far too fast(or too slow, depending on how you look at it) out of the blocks with the rate raises. They will have to reverse these again in 2010 at a guess. This will mean the AUD should come down quite quickly also. Thats the plan anyway. Although already the the USD has been strengthening in general which has put these shorts in a nice profit already, however, I may cover some of them if it doesnt look like this housing bubble is going to pop anytime soon.
  9. Vedantafxtrader

    GOLD

    You might consider buying now the GLD March Put with a strike price of 96, costing 1.48 at the moment, which would cost you $152 USD...if Gold gets down to 900 USD this option could give you about 700% profit, which would offset your drawdown on your position.
  10. I m skeptical of the USD longterm, but I m also skeptical that it will fall off a cliff in the medium term. I have been watching and documenting on here my thoughts on the USD...The confirmational bias is for one to look at arguments that only support their thesis. We are all guilty. I m trying to look at all reasons why the USD will fall and why it will rise. This chart shows volume at every price level. It is very interesting to note that the highest volume in ten years has been in the last few weeks, on the buy side I might add for USD. There has been large buying, which is showing up in this fast pop up in the USD. As I have said before this accumulation started in August and has gathered pace since that time. I have no idea how long it will last. However, how anyone can deny that the USD is being bought in huge amounts at the moment is well in denial.
  11. Well said. Having money in my experience does not make you any happier unless you have genuine love and devotion to yourself and your environment. You can still have love and devotion without money or with money...Infact I will go as far to say that having money if you are not right in yourself will make you more unhappy and can be a recipe for disaster as the number of insatiable desires increases through the contact and clinging to outside objects. These short term pleasures can never be fulfilled as they are in their nature fleeting. Money allows you to "chase" them more. So before you become rich make sure you have happiness first that is not dependent on material and outer objects, then your experiences will not be a hindrance but dynamic and exciting. Like the wisdom from the Geeta which says the above well: "True happiness, born out of inner purification, is that which is like poison at first but in the end like nectar...False happiness, arising from the union of the senses with their objects si that which is first like nectar but in the end like poison"
  12. Some people are talking about the break down between the USD/Equities, the inverse relationship. I m not so sure on that. I mean the S+P has not really been rallying of late, although both the USD/S+P have been moving up together. However, I think at turning points the fundamentals can become more diffused and confused and harder to read and these things can happen where we see the "normal" patterns breakdown in the process of that turning point... Case in point, is when the USDX when bottoming out in 2008, the USD started to move up, but at the same time before the huge steep falls began to take place at the end of August-November we had a 10% rally in the S+P while the USDX was rallying strongly. It was not until the USD really started to strengthen that the falls and deleveraging started to take place in earnest.
  13. Yeah 3 consecutive fails to reach break new highs, and instead making lower lows, and now we have the breakout of the flat base which has been in place since October. I added a couple of shorts at the first resistance point at 0.9300 in mid November...and another at the turnaround on the second lower low...and today had an order set for 0.8900 which is now active...might be tempted to take some short term long againts the USD on some other pair to hedge any quick reversal on this pair as the market might not breakout cleanly and reverse back.
  14. Thats a generalisation. Many on here myself included hold gold as a core position...however, just because someone says the USD looks like it will rally, does not mean being negative on gold. As expected the USD is moving higher, however a few weeks a go this was seen as suicidal, being negative against gold bulls. I would rather be in a position to gain from either outcome not the either/or one way bet. The way I have seen it is that it was blasphemy to suggest the USD might strengthen. I m playing this from being long USD not shorting gold. If gold goes up all well and good, if not, all well and good.
  15. Strategy... Buy UUP ETF for the USD Index...Out of the money PUT Options, trading at 0.15 cents for March to offset risk, and if you havent already start building a USD position...I have started shorting AUDUSD a while back, and the week before last shorted silver, and since covered, but may look to short again. Sell EURUSD retracements also...
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