Reply to: master day trader update !?

[TimberWolf]

Actually my wealth is rising. 70% of my wealth is in cash spread across multiple bank and in Gold and Oil and some other commodities.

Boomed mate!

Bring on the Credit Crunch.

[rootsnall]

Come on SAS how much are you down ?

I think today must qualify as a BLACK MONDAY, 4.5% down at the moment.

Dead cat bounce tomorrow or more DOOM !!!

[BrilloPad]

Buy Hogs heads, sell your granny.

thats my trading advice for today

I sold her last week. I will buy her back next year.

[Churchill]

Buy Hogs heads, sell your granny.

thats my trading advice for today

Pork bellies, Shirley?

[SantaClaus]

Buy Hogs heads, sell your granny.

thats my trading advice for today

[ace00]

Sep 29 7:18am† Change %Change Level

FTSE 100 -3.58%
XETRA-DAX -3.00%
CAC 40 -3.14%
HANG SENG -4.29%

US time.
Bailout plan agreed. Doom continues. It's cold today too.

[ace00]

I always viewed it in my mind that somewhere, there's a pallet of tea-leaves with your name on it, but I'm sure the reality is far more abstract... like how you can choose where your electricity comes from...

I'd love to hear from someone who actually knows...

It depends on your asset class.
Rough guide, you can buy:
1. Gold assets backed by physical gold.
2. Gold assets backed by a promise to refund the asset at market price.
3. Leveraged gold (backed by a promise to refund the asset at x market price)

[HairyArsedBloke]

I seem to recall Labour a few years ago applying a lot of pressure on UK banks to be less discriminating about "social loans" to people on low salaries etc.

YES, same in the US. Many have pointed this out: sub-prime debt was generated by left-wing dogma.

It was further exploited by use of the weath effect to maintain governments on both sides of the Atlantic in power.

[OwlHoot]

Actually I agree of course. This is sending the wrong message to the banks about what they can get away with in future. ..

I seem to recall Labour a few years ago applying a lot of pressure on UK banks to be less discriminating about "social loans" to people on low salaries etc.

[DiscoStu]

Elizabeth Duke Gold Sovereign Rings. I've got three on each finger now.

You are Bobby George and I claim my 5 gold-plated darts.

[HairyArsedBloke]

Phew ! I'm glad I went for Lloyds ( 12% down ) instead of RBS ( 14% down ) for my trade of the day.

17

[rootsnall]

Phew ! I'm glad I went for Lloyds ( 12% down ) instead of RBS ( 14% down ) for my trade of the day.

[d000hg]

I always viewed it in my mind that somewhere, there's a pallet of tea-leaves with your name on it, but I'm sure the reality is far more abstract... like how you can choose where your electricity comes from...

I'd love to hear from someone who actually knows...

[TimberWolf]

I thought in commodity trading, you don't (normally) keep it in your garage, but you do actually own it, rather than shares.

All my knowledge of commodity trading is based on the Dick Francis novel "Hot Money" though...

You mean some kind of intermediary holds 'your' Gold and use it as an asset with which they can lend to other banks or property investors?

[DimPrawn]

I agree in principal, but in the current crisis bank failures would lead to more failures, deflation, economic contraction on a huge scale (like global equities -80%), widespread bankruptcy, 15% interest rates, massive spike in unemployment, global depression. The whole 9 yards.
I think that's the whole problem, but I'm no expert.

Sounds like the end to every Labour term to me.