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Obsidian

Market Wizard
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Posts posted by Obsidian


  1. double posting this for its dume appeal

     

     

    -Iran demands gold for oil

     

    Actually they are already doing that...Since Iran can't transfer cash from Turkey, they are buying gold and transferring that way...read some news about this a few days ago...


  2. There are many foreigners coming to Asia to work or enjoy their retirement. There is a huge difference in cost of living, compared to Europe and U.S.

    For a trader there are extra advantages of course. especially time difference. You can come back home from work and start trading with London session.


  3. Which means its price can not be manipulated down - no one is going to enter into a contract to sell gold at a cheaper price that they bought/produced it.

     

    There will be limits to that.

     

    But I know some bears are going to be caught one day (JP Morgan) and to cover their shorts they are going to have to buy gold at a loss ... I hope I see that ... what Schadenfreude!

     

    :applaud:

     

    PS - and if it can happen in the Silver market, then Gold is certainly not immune to some of it too!

     

    CFTC

     

    going against Chinese wealth would not be wise ;)

    imvho I do not think we will ever see gold around that 850 levels, unless there is an extraordinary drop in human population...of course I may be wrong...

     

    that news says they have been probing for 4 years...that did not sound so right ;)


  4. long time ago (when I was using metastock) i was using idle application from akmos to download historical data...however i have no idea if it is still working or they are still in the market..you can check anyway...or you can check different forex brokers..

    how about tradestation? how far does their data go back?

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