Member Info for Lakshmi888

No probleemo 3putt ! ;)

No probleemo 3putt ! ;)

No problem GH:)

Just Giggle e'thing, lol! Though even then, things change. Gold was dpndt upon $ and usdjpy until recently but now yuan plays an important part.

Kping up with what's going on in the markets really helps but is incredibly time consuming. However spread bet positions are totally dpndnt upon this as s'times techs dont work when unexpected news lands eg this wk 200 billion tariffs so trust me it's a massive learning curve for us all! ;)

One other thing, gold is expected LT to fall under $800 so watch out!:)

GL:)

Friday.............13th!!! Eeeeeeek;) Watch out!

Have a great day; w/e is almost here :D

Threeputt, wheat, corn etc fall under soft commods along with cocoa, soyabeans, sugar, milk etc most of which Ive been doing s/bets on recently due to their falls though dont trade etfs..

The fall is attributable in simple terms to the trade wars and once again $ strength. ie Blame Trump!!

I dont agree that commods have had their recovery. Many have been knocked down sign'y in recent wks/months due to the current market climate and volatility.

Trade wars with China have seen soya beans etc knocked down in part'r. The strong $ is not helping other soft commods.

Even PMs such as gold and copper which is almost at 52 weeks lows are be hit by strong $.

Cooper, sugar, wheat, cocoa, coffee, wheat, corn have all been hit and affected by the strong $ and/or Trade Wars. That's essentially it.

Once trade/currency wars resolve and dollar weakens, soft commods shd begin to see a rebounding effect....imho

''#China National Grain & Oils Information Center:
Chinese importers cancelled a total of 615,000 tons #US #soybean orders in the 3 weeks as of Jun 28;
China's 25% extra tariff on US soybeans brings its price about 300 yuan/ton higher than soybeans from #Brazil.
#TradeWar''

https://www.ft.com/stream/9d4881fa-f11b-4bb8-9746-2a8271b14a4f

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=HNR&ArticleCode=0uephy03&ArticleHeadline=Issue_of_Shares&ahc=0itedby9

Morning GH:)

I guess you (and e'one else) wld have expected gold to have soared due to the current market volatility and weakness in EEM etc? I posted yday why the opposite is happening.

Essentially, the trade wars have translated into what is now a currency war. In retailiation of the tariffs US/Trump is going to impose on China, they have devalued the yuan. This hurts US. Trump really wont like this.

Gold is normally mainly dollar dpnt and in part'r usdjpy dpnt.

The yuan devaluation is hitting gold....as is the strong dollar and the ridiculous increase in usdjpy. So all 3 factors ar actually hitting gold and resulted in its drop.

Shd CHina and uS stop thsi nonsense, China will cease with yuan devaluation and coupled with any weakness in $, you shd see gold price increase. Until then.....

So ironically it is the very vol'y in the markets as ment'd yday that is leading to gold dropping ie trade wars which translates now into currency wars...

I also believe/understand the days of gold being a safe haven are coming to an end. After all, wher is the value in gold anymore? Is a microchip not of sig'y higher value than gold? Where is its worth?

https://uk.reuters.com/article/global-precious/precious-gold-prices-fall-as-dollar-gains-vs-yuan-in-escalating-trade-war-idUKL4N1U7170

https://www.businesslive.co.za/bd/markets/2018-07-09-gold-extends-recovery-as-dollar-dips-and-yuan-rebounds/

HTH? :)

Back to the 30s!;) Sel the rallies rememeber!! Bulls got excited 2 sessions ago when gold rose approx $10 only for it to lose the rise...and more!! Surprise. Not;)

$ strength increasing has resulted in usdjoy spiking in past 3 sessions nearly 200 pips (manipulation at its best) helped by the Japanese delib'y devaluing the yen to help with the weakening US indices.

Further yuan devaluation has also contributed to gold hitting $1238 O/N.

That said, dble bottom hit so a *real* rise now?? If not, then kiss goodbye to gold. It really is a case of now or never......IMHO:)

''Gold is holding close to 2018 lows as the precious metal continues to slump, with traders opting to hold USD for the time being.

Trade tensions continue to rise between the US and China, with further tariffs due to come into effect as last Friday's reciprocal tariffs saw neither side willing to back down.

Broader markets have recoiled from the ramped-up trade tensions, with traders flocking into safe havens and buying up the USD, driving commodities and equities into lows, and Gold continues to slump on the back of a rising Greenback.''

https://www.marketwatch.com/story/gold-drops-adds-to-weekly-loss-as-dollar-index-gains-2018-07-11

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MOS&ArticleCode=o5ooiw29&ArticleHeadline=Trading_Statement&ahc=xt2ikpmw

Dollar hit dble top a few wks ago at approx 95.50 and bears started screaming it was going to fall, lows were coming yadayadayada.

As mentioned dollar was/is still bullish and any dip was most likely consolidation/pullback.

Yday $ bounced back to destroy most FX's, gold, oil, and also copper which has been on a downtrend for a number of weeks now.....not helped by Currency Wars which is only getting worse...

https://www.marketwatch.com/story/dollar-gains-amid-renewed-trump-tariff-angst-2018-07-11

http://www.abc.net.au/news/2018-07-12/us-china-trade-war-sinks-australian-dollar-aud-wall-street-gold/9983914

https://www.moneycontrol.com/news/business/markets/indian-rupee-opens-flat-at-68-76-per-dollar-2701071.html

''The jump in Saudi supplies shows the world's top crude exporter is making good on its recent vows to tame oil prices. The kingdom has faced pressure from big crude importers like China and India, as well as President Donald Trump, who worry about negative economic impacts from rising fuel costs.''

(....until of course he doesnt and abruptly does a U-turn to suit him...!)

https://www.cnbc.com/2018/07/11/opecs-oil-output-jumps-in-june-as-saudi-arabia-opens-the-taps.html

WTH do we start??!! Wowsers!

Posted oil was mega overbought and was topping but even I didnt expect a drop like yday! Nice though if one was shorting!;)

Brent suffered the heaviest ...and quickest fall in over 2 yday aftern. As posted yday morn, oil had suffered losses from nigt before but yday aftrnoon saw both wti and brent losing $6-7 ie the quivalent of 5-7%+++ in hrs!

https://www.bbc.co.uk/news/business-44802143

https://www.marketwatch.com/story/brent-crude-drops-2-as-libya-prepares-to-resume-oil-exports-2018-07-11

''Brent crude dropped 6.9% - the biggest decline in more than two years - to end at $73.40 a barrel for the global benchmark.

US crude fell 5% to $70.38 a barrel - its worst one-day decline in a year.''

All as result of Libya threatening to increase supply followed by inferior oil data....but surely even this didnt warrant a $7 fall......

Anyway was a briliant short and then perfect for going long ...even though one did get stabbed a cple of times trying to catch the bleedin' falling knives but did so only for Brent to luckily rally $1+ in minutes and continue its rise O/N....

Today we see what next......:)

Yes, there sics, as per all my posts. I dont care!:) Blame it on #FFS

*Panama
blahblahblah,,,,,,,

Oh yeah, and there was the other game where it isn't coming home after all .....but come on peeps, you didn't really think it was did you??!

Lost to Belgium; Panana aren't exactly in the league of the likes of Brazil, Arg, Ger'y etc; just through by the skin of our teeth v Columbia on penos. .....

That said, best team in a v v long time though. Inexperienced youth will transcend into invaluable experience in coming yrs and all credit to S/Gate... ..

https://www.bbc.co.uk/sport/football/44706648

Me, Im still pining over me poor lickle Federer losing..........:((

So close yet so far.............

Took the lead intially in style. Obvious who wa going to win. Or was it?

But then the lead turned into a draw.

Battled firecely but only to result in the opposition making an foreseen comeback.

Thus ensued a shocking exit.

No-one saw defeat coming.......

Quality and Class outdone by sheer determination of the opposition...

I am of course referring to yesterday's incredible game.

http://www.espn.com/tennis/story/_/id/24070504/wimbledon-2018-roger-federer-fell-kevin-anderson-get-back-up

https://www.bbc.co.uk/sport/tennis/44794985

Lol!!;)

Tata Federer:(( Boohoo........:((

Maybe next year....:(

Safe trading as always. GLA:)

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=HNR&ArticleCode=b10w4ijf&ArticleHeadline=Completes_acquisition_of_leases&ahc=df8i36kw

Very Well Done SCR:)

I was unfort'y one of those pre-consoln holders, dear oh dear lol!;) Vowed never to renter it again!;)

Does seem to get ramped to high heaven though hehe!

Anyhows, best of luck with it and all your hokey kokeying in between; really nice rise. GL :D

Failed to break 3.1+ and has been on a steady downwards slope ever since and boy has it made us bears wait...f.inally broken and closed below support a week ago and provided umpteen opps to scalp within support and resistance range since last week.

Looking for further support to be broken (who knows when!) and ultimately to reverse gains since started trading this back last year.

Doubt this will be a quick process; taken 6+ months to reach this level hence why patience required here (an abundance of it!) ;)

More volatile than oil supposedly but rate it as the best scalping instrument ......... :D

showing great weakness since hitting highs of 12650+ yday. Lost 230+ points ......so far........

Bouncey bounce due soon me thinks....though doubt LOD yet in....