Strangely i have had a linkedin account for several years and
never used it, i forgot my password and its linked to an old email
account i can no longer use.
About 1 month ago i started getting emails from people asking me
to join up, seems more than convenient that i got all these invites
before the recent IPO which i didnt even know was occurring.
Anyway i decided to check it out again and it just confirms my
suspicions it is an upper class facebook trading on a PE ratio in
the upper stratosphere.
Gold has broken 1400 again which IMO is a fear trade going on
with mass protests in the Middle East and North Africa. Gadafi says
he will "fight to the last man" in Libya........fighting words.
My take on this whole thing is that food price inflation brought
about by the now rampant money printing is causing social unrest on
a grand scale.
Im not sure if anyone will get this under control anytime
soon.
In a few hours time North Queensland is going to be hit by a
catagory 5 (the highest there is) cyclone that is the biggest
cyclone in nearly 100 years Australia has seen, winds are expected
to be between 300 and 400km an hour and causing tidal surges of up
to 7 meters .
Just to give you an idea of how intense this cyclone is,"Cyclone
Yasi" is approximately the size of the United States.
Poor Queensland is realy copping a beating from mother nature
lately, expect several commodities to be held up again and crops
destroyed much like the floods in southern Queensland.
This has the potential to be the worst storm Australia has ever
witnessed, I hope any members of BPT in Northern Queensland
remain safe through this ordeal.
Thanks for spending the time to update and explain the changes
matt. This is the only thing i am trading ATM on BPT so (again) i
truly appreciate you spending the time on the GDX system this
weekend.
I think the reality of the market, after yet another round of
money printing from the ECB now, this week, is that this market
will be continually propped up going forward as far as
the eye can see.
Its very hard to see where this madness is going to end
IMHO.
Thanks for clarification on GDX, i will be flat here as the
official rules would mean selling any long
basically straight away following the system, which is
somewhat pointless IMHO.
The community is delayed by three days for non registered users.
US dollar
Posted by maxeaus on 8th of Jun 2011 at 11:19 am
Any views on a US dollar rally?
OK, thanks.
Commodity Newsletter
Posted by maxeaus on 6th of Jun 2011 at 11:50 am
OK, thanks.
Commodity Newsletter
Posted by maxeaus on 6th of Jun 2011 at 11:38 am
Was there a commodity newsletter for this weekend? I cant seem to find it if there is.
Linkedin
http://www.bloomberg.com/news/2011-05-23/linkedin-may-plunge-to-30-a-share-once-insiders-able-to-sell-gamco-says.html
Posted by maxeaus on 24th of May 2011 at 01:28 pm
Strangely i have had a linkedin account for several years and never used it, i forgot my password and its linked to an old email account i can no longer use.
About 1 month ago i started getting emails from people asking me to join up, seems more than convenient that i got all these invites before the recent IPO which i didnt even know was occurring.
Anyway i decided to check it out again and it just confirms my suspicions it is an upper class facebook trading on a PE ratio in the upper stratosphere.
Libyan ceasefire declared
Posted by maxeaus on 18th of Mar 2011 at 08:46 am
Libyan government declares an immediate ceasefire.
Complete panic into the close
Posted by maxeaus on 15th of Mar 2011 at 01:07 am
Complete panic into the close over here in asian markets with Japan announcing radiation has reached Tokyo.
Nikei is down 1200 points!
Social Unrest
Posted by maxeaus on 21st of Feb 2011 at 06:59 am
Gold has broken 1400 again which IMO is a fear trade going on with mass protests in the Middle East and North Africa. Gadafi says he will "fight to the last man" in Libya........fighting words.
My take on this whole thing is that food price inflation brought about by the now rampant money printing is causing social unrest on a grand scale.
Im not sure if anyone will get this under control anytime soon.
No worries, its working for
The newsletter cut out after 12 minutes, anyone else have ...
Posted by maxeaus on 9th of Feb 2011 at 04:26 am
No worries, its working for me now, full 28+ minutes. I Must have had an issue on my end.
The newsletter cut out after
Posted by maxeaus on 9th of Feb 2011 at 01:23 am
The newsletter cut out after 12 minutes, anyone else have this problem?
This cant be right, I dont think Steve has ever stopped talking for less than 30 minutes!
In a few hours time
Posted by maxeaus on 2nd of Feb 2011 at 03:03 am
In a few hours time North Queensland is going to be hit by a catagory 5 (the highest there is) cyclone that is the biggest cyclone in nearly 100 years Australia has seen, winds are expected to be between 300 and 400km an hour and causing tidal surges of up to 7 meters .
Just to give you an idea of how intense this cyclone is,"Cyclone Yasi" is approximately the size of the United States.
Poor Queensland is realy copping a beating from mother nature lately, expect several commodities to be held up again and crops destroyed much like the floods in southern Queensland.
This has the potential to be the worst storm Australia has ever witnessed, I hope any members of BPT in Northern Queensland remain safe through this ordeal.
Its pretty bad over here,
Off Topic - Amazing Flood video in Australia
Posted by maxeaus on 11th of Jan 2011 at 04:41 pm
Its pretty bad over here, over 90 people missing and around 15 people confirmed dead ATM, water is still rising as we speak.
Luckily i am in NSW so not affected, but wish everyone in Queensland the best of luck in getting through this.
Australians will unite to get through this and help those affected.
Thanks for spending the time
GDX swing trade system
Posted by maxeaus on 6th of Dec 2010 at 12:37 am
Thanks for spending the time to update and explain the changes matt. This is the only thing i am trading ATM on BPT so (again) i truly appreciate you spending the time on the GDX system this weekend.
I think the reality of
No more bears from what I can see...
Posted by maxeaus on 3rd of Dec 2010 at 12:44 am
I think the reality of the market, after yet another round of money printing from the ECB now, this week, is that this market will be continually propped up going forward as far as the eye can see.
Its very hard to see where this madness is going to end IMHO.
Thanks for clarification on GDX,
BPGDM will cross over the 8 day MA today
Posted by maxeaus on 2nd of Dec 2010 at 04:02 pm
Thanks for clarification on GDX, i will be flat here as the official rules would mean selling any long basically straight away following the system, which is somewhat pointless IMHO.
The current entry was 57.66
GDX stop
Posted by maxeaus on 2nd of Dec 2010 at 10:16 am
The current entry was 57.66 therefore the stop was 61.12, stopped out. The previous trade was also stopped out before the rule change.
Where do you get 58.05 from?
The GDX system is stopped
GDX stop
Posted by maxeaus on 2nd of Dec 2010 at 10:11 am
The GDX system is stopped out
News of the Chinese planning
GOLD
Posted by maxeaus on 1st of Dec 2010 at 07:54 am
News of the Chinese planning to invest in gold ETF's has most likely finished off our shorts here IMO.
I have the current stop
Posted by maxeaus on 29th of Nov 2010 at 09:05 am
I have the current stop on the current GDX short position at 61.13 (6%), any chance of updating the GDX swing system page?
GDX system stop rules
Posted by maxeaus on 23rd of Nov 2010 at 07:47 am
Are we moving the stop from 8% today to 6% on the GDX system, should we do this after the days trade or before open?
Also is there a plan for if its between 6% and 8% at 5 days for future reference?
Cheers, not even close then really!
Bearish Engulfing setting up on gdx
Posted by maxeaus on 9th of Nov 2010 at 06:11 pm
Cheers, not even close then really! :)