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wiesje

wiesje
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  • How The Experts Were Wrong: Gold Failed To Hold $1,400 And The Taylor Rule [View article]
    sorry, i believe that to be in-correct
    Italy alone is sitting on 2.600 tons of Gold, representing 70% of their foreign reserves. Cyprus a Nation with the population the size of a big city in the States is holding 450 tons of Gold, the world council may day there is no debate going on, but some of the Politicians here in Northern Europe are tired of feeding the South and it's them who are suggesting let them sell Gold, Land whatever but it's time they sell assets. there was a paper made by the European Community which showed that the Germans and the inhabitants of the Low lands had on average less in value ( property and holdings) that the euro-citizen in Spain and Greece, yet we are sending Billions down South, because their Governments run out of cash, you know it's getting to the limit, a popular saying here is, the South are poor countries with a well off population and we up North are rich countries with poor population.

    anyway, if the gold is not , let's call it " available " at your end for immediate repatriation then where is it ?

    i really find this very disturbing , i mean what does this mean for the USD ? are you going to end up like the Argentinean Peso ( i am overdoing it , i know - but as a matter of speak ) you are the worlds leading currency, this is so crazy that it cannot be for real.
    i mean 75% of all commodities are USD quoted/ traded.. Oil, Gold, Coffee and so on...)
    Jun 3 12:48 PM | 2 Likes Like |Link to Comment
  • Why I'm Worried About Nokia's Long-Term Prospects [View article]
    when WB bought for 5 bio $ into BOA, nobody knew till after the deal was done, it was done OTC , there are other vehicles, eventually the price is correlated to the tape, but the conditions can vary and that often means a discount or a premium, mostly discounts if they enter a distressed biz and premium if they enter a running business.
    when Carlos Slim bought 28% of KPN , the deal was struck with some large share holders , same for when he bought into T-Austria, the public announcement was only revealed later.

    there are more deals ( not volumes) done off-exchange than on exchange when it concerns block-deals, that's a known fact.

    hedge Funds and large specs do operate on the exchange, bcse they go in & out, that's trading.
    Jun 3 11:52 AM | 2 Likes Like |Link to Comment
  • How The Experts Were Wrong: Gold Failed To Hold $1,400 And The Taylor Rule [View article]
    shocking, i am flabbergasted - the only thing i read over here in the Dutch papers is that we want like so many Euro countries to repatriate Gold for the reasons i mentioned before and that it would take time for the Gold to be repatriated, there were no reports whatsoever that the Fed had not complied with normal stock counting or that audits were not being handled properly, now it does not mention that actually the Fed is defaulting on the deliveries it is merely a delayed delivering period.

    but I agree, it reads worrying and does not look good, i must review my Position, i am short Gold and have done extremely well out of it, i am not Bullish, but maybe i should move to the sidelines for the time being.
    confusing to say the least, anyway much appreciate yr info - tks.

    to everybody else i was commenting on, i was not aware, maybe i just got lucky being short - this does alter the situation, delete my earlier remarks.
    God better bless America if this story is true, what's the value of the $ , the worlds reserve currency, that's a bit of a joke.
    Jun 3 02:16 AM | 2 Likes Like |Link to Comment
  • How The Experts Were Wrong: Gold Failed To Hold $1,400 And The Taylor Rule [View article]
    i do apologize for any grammatical mistakes or typo's, English is not my mother language

    anyway, i thought you guys locked up Madoff in St Quentin, not Fort Knox
    Jun 3 01:06 AM | Likes Like |Link to Comment
  • How The Experts Were Wrong: Gold Failed To Hold $1,400 And The Taylor Rule [View article]
    according to the last reported stock information Europe all together where holding abt 18.500 tons of Gold, representing 70% of their foreign reserves in Gold, compared to the States at 9.000 tons -
    a huge part of these stocks are held in the US and the UK because of the cold-war threat, now the threat is high benefits in Europe, large unemployment, especially amongst young people and continuous support to the Southern Nations and France at a tipping point, there are now more Nations requiring monies from Brussels than contributors to Brussels.
    Politicians discussed that our total Gold reserves far exceed our needs and that Cyprus and Greece for starters should start selling some of their Gold reserves to turn that into cash.
    Now if you are telling me that the European Gold reserves held in the US aren't there ???? than Gold is going to 3000 !!! i cannot believe that the US authorities would sell European Gold holdings ? this is no share trading where one can borrow some ones shares so as to short a stock. where did you hear that ?
    Jun 3 12:23 AM | 1 Like Like |Link to Comment
  • Why I'm Worried About Nokia's Long-Term Prospects [View article]
    @dwd: I hear what you are saying but that's not what Wonder and I are debating
    I am merely saying for whatever reason, whatever argument fundamentally or technically , Nokia's share price performance is extremely poor and it's path to recovery is weakened considerably by giving so much back after a recovery from such an incredibly low level, If one considers that the low was unjust and an overkill on the stock price then the present performance is alarming and I for one believe that MSFT has to take control if Nokia cannot get their act together
    I am long of both stocks , but I will work with a stop loss, you may all find that insane , well good for you, I have been around long enough to know that there are times to give up on a stock there are hundreds of opportunities, Nokia is one of many , I have no emotional bond with the company, I went in because I liked the risk/reward, that's all , I don't like it any longer I get out.
    Jun 2 06:15 PM | Likes Like |Link to Comment
  • Why I'm Worried About Nokia's Long-Term Prospects [View article]
    Sorry I am not getting though to you, Nokia went up from it's bankrupt level of 1,50 euro to 3,60 and then it did not show some little dip on profit taking , no it gave back 1 euro, of the 2 euro it gained coming out of deadmen zone it gave back half, that's absolutely shocking , this is not Apple which went up from 100 usd to 700 and gave back 250 of a 600 up move, no this is Nokia which utterly collapsed frm 25 euro to 1,50 finally turned to get to 3,60 which still is a ridicously low level and then gives back a full euro

    That's frightening but ok do as you see fit, so will I
    Jun 2 05:30 PM | Likes Like |Link to Comment
  • Why I'm Worried About Nokia's Long-Term Prospects [View article]
    Sorry, you are wrong volatility has nothing to do with it, also the normal trading fluctuations have nothing to do with it

    This is completely different, we are talking about a stock which recovered from the dead and are you aware that Nokia was about to go under 12 months ago, this stock is make or break and the last thing this stock can have going for it is that it will be knocked down and heads back into intensive care.
    Nokia and Microsoft must make this work and I am counting on Microsoft taking control if Nokia fails to get their act together.
    Jun 2 04:43 PM | Likes Like |Link to Comment
  • How The Experts Were Wrong: Gold Failed To Hold $1,400 And The Taylor Rule [View article]
    Well explained, tks for enlightening me
    Jun 2 04:31 PM | Likes Like |Link to Comment
  • Why I'm Worried About Nokia's Long-Term Prospects [View article]
    i think the answer is simple, Nokia cannot continue to disappoint it's share holders at some stage you turned the corner and the stock should move for the up and not fall back. Nokia arose from the ashes, now it's share price should be on the road to recovery and not slip back yet again. You have to differentiate between liking a company for what they produce and owning their stock, i am in Nokia for the return on my investment, not because i like what they are producing, i have confidence in the Nokia/MSFT alliance, but the stock price behaves poorly, one cannot deny that, look at the price , this stock once traded at 25 euro, it collapsed to 1,35/1,50 it then recovered to 3,60 and now it's back at 2,60, even the bloody banks after being punished to penny stocks recovered and held their recovery and are now on the way up, yet Nokia keeps on struggling, you may ignore it, but that does put the stock back in a bearish mood and god forbid that the Bears are coming back in to re-establish their covered short positions, the stock is fragile and does not handle selling very well, if one stupid comment by RBC can knock it 10% down, than yes that frightens the living daylight out of me, i am long this stock big time and yes i have been short this stock many times as well as long, i am a Trader not an investor, this time however i am willing to play it for the long haul, but i do have a cut-off point, i will not let Nokia burn all of my cash that i put in to the stock.i still feel Nokia can and will make it, otherwise i would get out now and i am not, but they better get their sales numbers on the up and start selling phones.
    Jun 2 03:03 PM | 2 Likes Like |Link to Comment
  • How The Experts Were Wrong: Gold Failed To Hold $1,400 And The Taylor Rule [View article]
    what happened to the American dream ?, besides the ranting in the first paragraphs, your last comment on unemployment describes exactly the situation over here in Europe.things are tough, but they cannot possibly be as chaotic as you perceive them to be, if that's the case the USA is the next Greece with the size of China.if you are right, Obama sure as hell brought change, but not what the world was looking for, cheer up ! can't be that bad.
    Jun 2 02:39 PM | Likes Like |Link to Comment
  • How The Experts Were Wrong: Gold Failed To Hold $1,400 And The Taylor Rule [View article]
    with all due respect, i don't know what you did, but i do know what i did and i went short GLD @ 1750 for the 1st time and i have been trading it ever since from the short side and there are enough comments on various articles where people who went in to discussions with me know that and on stocks the mkt is what you see on the tape and that's at or near new highs, so maybe i am blind to you and you for see something out there which i haven't spotted yet and that you can see as a visionary, but show me the money on this inevitable that the FED has been doing.. is GLD trading at 2000 ? and the Dow at a 1000 ?
    you may wish, but it ain't going to happen, unless you are taking a possible 15 year view, Yeah sure, everybody is going to be right one day, hope you are still in the Game to see that happen.

    85% of Long term Investors, as they call them-selves are hanging in there because the Position went against them, as Long as they can make a descent profit everybody is a Trader.

    for someone who analyzed the situation profoundly and with much dept, this is a not a very clever comment.

    i respect your view to be different, but i don't agree, that's all.
    Jun 2 08:39 AM | 1 Like Like |Link to Comment
  • How The Experts Were Wrong: Gold Failed To Hold $1,400 And The Taylor Rule [View article]
    @ WMARKW : i think you are right, but then what option has the Fed got ?.. by saving the Banks, they saved the public, the only flaw is that they should have been more harsh on Management and they should have been held accountable, it's not the CEO's of the Banks who turned things around, it's the Fed with public money and if one then sees that they are back into bonuses and share option schemes worth 10's of million of dollars, the conclusion is that they came ahead out of this crisis, whilst we are all still going to pay for it, but Ok so be it, things are better now then they were 5 years ago.
    Jun 2 04:57 AM | 1 Like Like |Link to Comment
  • Why I'm Worried About Nokia's Long-Term Prospects [View article]
    Royal Bank of Canada owns abt 8 mio shares in BBRY, maybe they " hedged " a big chunk of that exposure by being short Nokia -
    now if you have the vehicle to spread rumors an push this differential-play your way , the conclusions can't be that difficult
    if the question is " shall i be honest, or shall i get rich ", i think RBC answered that one.
    Jun 2 03:52 AM | 4 Likes Like |Link to Comment
  • How The Experts Were Wrong: Gold Failed To Hold $1,400 And The Taylor Rule [View article]
    i don't think many people are still sitting today with the same position as 10 years ago

    so it's more relevant to look at more recent price development
    and in mid 2011, only 2 years ago - SLV was trading at 40 $ plus and the Dow at 11.500 $, today SLV @ 21,50 and the Dow @ 15.000

    as it seems almost impossible to Judge the fundamental situation and the technical picture has out-played the fundamentals for the last 24 months, it's a wise to look at the technical's and that shows that Gold has been in a very Long term uptrend from 400/500 $ to 1900 $ and it's now in a solid mid term down trend, if we take a 50% pull-back of the total move as the longer term objective than Gold could reach 1150/1200$,
    as markets Always overshoot on such long term formations it could over do it by another 10%, so the objective is somewhere between a 1000 and 1200 $.
    SLV on the other hand the long term uptrend started at 10 $ went to 40 $ plus, that would take it to 25$, we are at 21,50, so SLV is already well into "overshot" territory
    conclusion: Buy SLV stay Short GLD , based on technical's, as said the fundamentals who knows ?
    Jun 2 02:53 AM | 1 Like Like |Link to Comment
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