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filipo

filipo
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  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    622,
    "I'm waiting, and seeing oil starting to rally."
    was what attracted my attention.
    I told you that gold won't jump up again before it gets at ca $45 during a number of months.
    You may dislike that opinion and have a different view, but don't try to convince me on the basis of what you BELEIVE to be true.
    What you beleive has no value. Facts have value.
    You want facts ?
    Here they are, they might enlighten you:

    "OPEC will stand by its decision not to cut output even if oil prices fall as low as $40 a barrel and will wait at least three months before considering an emergency meeting, the United Arab Emirates’ energy minister said."

    http://bloom.bg/1wBL8HY
    Dec 15, 2014. 05:26 PM | 1 Like Like |Link to Comment
  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    BB,
    "Really? How did you come up with that? "

    626587658754 wants us to jump in oil right now. He saw the small morning jump as a clear signal that the bottom was reached.
    That's way too early, hence my warning.
    Any jump-ups are dead cat bounces. Don't expect a relief before $45 for a few months.
    Any objection to my analysis ? You too are convinced that now is the right moment to buy ? I pity you then.
    Dec 15, 2014. 05:18 PM | Likes Like |Link to Comment
  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    622,
    "The recent decline in oil prices has caused many high cost oil producers to cancel many projects."

    Apart from a few smaller projects, I have no knowledge of any major producer who cut production.
    On the contrary, Lybia announced it will increase.
    Dec 15, 2014. 04:42 PM | Likes Like |Link to Comment
  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    622,
    Where's that rally ?
    -4.55% of today can't be called a rally except a retro rally ?

    Patience, prices will rise again, but it may take some time and not until the weak hands have defaulted.
    At least 30% of the supply has to vanish first..
    Right now every supplier is waiting for his neighbour to give in first, and of course no one does give in.
    These are the preliminary stages. Wait another six months and we will see more clear then.
    Dec 15, 2014. 04:39 PM | Likes Like |Link to Comment
  • GLD: Please Do Not Overreact - Part 1 [View article]
    Saw,
    Actually, my 128 had a Lancia engine. The double Weber gave it an extra boost at around 3,000 revs. It wasn't so easy to finetune because of that double Weber, but when both carburettors were set right, oh boy, it sped like a rocket.
    I still regret that I blew it up by overspeeding when the engine was cold. I blew the head gasket wanting to impress some friends and although I had it repaired, it never had the same stamina anymore.
    I still think it should've had a total scheck-up. Crankshaft and/or camshaft might have been bent. By the time I was about to decide to have that done, I met this beautiful girl, got married, had 3 kids with her in no time and forgot about my 128. I gave it to a friend who crashed in a curb at 120kms/h where he was supposed to do 50. The car died then, the friend is still alive.
    Yes, Camaro's were looked at as goddesses by us in these days (60ties-70ties). It was the time when our national hero Jacky Ickx beat them all in his GT40 at the 24h of Le Mans -1969. The same year he was also at the Daytona 24h. Wasn't Jacky Steward driving a Camaro ?
    Dec 15, 2014. 12:04 PM | Likes Like |Link to Comment
  • Let's Give Thanks For Gold Being On Sale [View article]
    Glen,
    "Confirm that Avi's prediction of lower lows has a contrarian EW generated point of view?"
    How can you call EW a religion then ?
    Dec 15, 2014. 02:07 AM | Likes Like |Link to Comment
  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    622,
    "I don't believe it though."
    Just wait 'n see..
    Dec 15, 2014. 01:56 AM | Likes Like |Link to Comment
  • GLD: Please Do Not Overreact - Part 1 [View article]
    Saw,
    Lucky fellow with a dad who was so technically skilled !
    I'm surprised it didn't have more than 1,600 cc. Are you sure ? I briefly looked it up and found that 2.5L was the smallest Camaro engine that was ever made.
    I once had a Fiat 128 1300 sport coupé with double Webber carburettor that did a maximum of around 200kms. It really was a fun car:
    http://bit.ly/135rl9k
    Dec 15, 2014. 01:54 AM | Likes Like |Link to Comment
  • Let's Give Thanks For Gold Being On Sale [View article]
    Glen,
    Read carefully this article:
    http://bit.ly/1z61D17
    Maybe it'll change your mind.
    Dec 14, 2014. 03:08 PM | Likes Like |Link to Comment
  • Let's Give Thanks For Gold Being On Sale [View article]
    Leopold,
    I think you're splitting hairs.
    Technically Greece didn't default either, but euro-banks got hit by a 85% haircut.
    Now, you may not call that a default, but I do.
    I see no difference.
    Dec 14, 2014. 03:06 PM | 2 Likes Like |Link to Comment
  • Let's Give Thanks For Gold Being On Sale [View article]
    gel,
    P. Krugman also adviced Abe not to raise taxes next year.
    That's when the JPY really started to plunge to almost 120/USD and imports plunged. GDP nor Nikkei profited.
    In his regard, debts don't matter.
    Dec 14, 2014. 03:03 PM | 1 Like Like |Link to Comment
  • Let's Give Thanks For Gold Being On Sale [View article]
    QP,
    I have a free 14days subscription to Avi's EWtrader's newletter and he sends me notices several times a day.
    They are useful, but not meant for the weak of heart.
    I prefer LT investing. So I won't keep the subscription.
    I wrote him a letter to explain it all.
    That is a personal choice that has nothing to do with Avi's level of advice.
    As a matter of fact, I can admit that he has the merit of being extremely well informed on the topic.
    That's why I disagree with the unkind words of zubbub.
    Dec 14, 2014. 02:59 PM | 1 Like Like |Link to Comment
  • France credit rating cut at Fitch [View news story]
    Viper,
    German banks are in a dire state indeed.
    They got a haircut on Greek debt and they also have Portuguese, French and Italian Bonds in PF.
    The German State which is indebted at 79.9% of GDP has seen this debt rise some years ago when they had to purvey the bulk of the money to save Greece, Spanish Bankia (€50bn) and Italy from bankrupcy.
    Other eurozone countries were solidary too, but were less affected than Germany.
    What I don't understand are your stats on US debt. It says 71.8% of GDP.
    I thought it was well over 100% by now.
    Dec 14, 2014. 02:48 PM | Likes Like |Link to Comment
  • GLD: Please Do Not Overreact - Part 1 [View article]
    Saw,
    80 mls !
    How much Hp did that animal have then ?
    Something like over 500 I bet.
    Dec 14, 2014. 02:35 PM | Likes Like |Link to Comment
  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    BB,
    As I said, $45 is a nice number.
    Now I read that the Arabs have $40 in mind.
    I wasn't so wrong then:
    http://bit.ly/1ws71L6
    Dec 14, 2014. 02:34 PM | Likes Like |Link to Comment
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