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hisah
#31 Posted : Tuesday, September 06, 2011 2:48:32 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@ProverB - 6K is fair valuation. And as @futures has told you, make sure it is a legitimate deal. For silver, 800/gram is way expensive. The current price of silver/oz = $41

Just out of curiosity is this transaction in KE? I've never found a place or biz in KE that deals with gold/silver as an investment...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#32 Posted : Tuesday, September 06, 2011 2:53:00 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
futurestrader wrote:
@hisah you do know between 1910 and 1920 - is a good 100 pips :)


I'm aware that move is 100pips but look at the downside almost 400pips. This is why I was pointing out that $1920 level. It has failed and the SNB aggressive move on EURCHF to ensure that this cross will remain above 1.20 to avoid sending the Swiss econ into deflation is a clear warning shot that gold will get sold very soon.

I am hedging using swiss franc and from today, I'm closing all my positions and repatriate some profits back to KE. Though if CHFKES goes below 105, I'll convert all the 90% of the francs to KES.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, September 06, 2011 3:11 PM | Reason: Not specified
futurestrader
#33 Posted : Tuesday, September 06, 2011 5:26:55 PM
Rank: New-farer

Joined: 8/26/2011
Posts: 16
i see 1900 as a strong support .....unless EU has a solid package
Quote:
Audaces Fortuna Iuvat
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futurestrader
#34 Posted : Tuesday, September 06, 2011 5:39:38 PM
Rank: New-farer

Joined: 8/26/2011
Posts: 16
news just in from my broker

September 6th 2011: Greek Euro exit likely within days
Quote:
Audaces Fortuna Iuvat
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