Well its having a welcome effect on the US markets that open shortly
Dow up 1.7% Nasdaq up 3%
The stocks i bought yesterday during the 20$ gold sell off are showing 2000USD profit in under 24hrs
Well its having a welcome effect on the US markets that open shortly
Dow up 1.7% Nasdaq up 3%
The stocks i bought yesterday during the 20$ gold sell off are showing 2000USD profit in under 24hrs
Interesting.
It's just a steady up and down all the way from 96 to 07
troughs in 97 '00 '04
Those high variations is how you make money, having the guts to buy when it's falling and sell when it's getting highOriginally Posted by Spin
Most people will buy when it's getting too high, and sell when everybody is selling, a recipe for disaster
For those trading NZD and other "exotic" currencies, here is an interesting story explaining the recent surge against the USD
Originally Posted by WSJ
It is damn near 35 now and will settle down at 35.50, so we be doing a tad better from here on.
Ok, time to takje another look at this index as things go considerably worse over the months since last August. You can see from the chart below that we came a long way below support at the 80 point but now its showing signs of life around the 72 mark:
It certainly looks like the dollar may have had a floor put under it now that the FED has probably finished with easing interest rates.
The Dollar has been rising, lets take a closer look at that chart showing recent activity for the last calendar month, the index started to rise about the time the fed did the last cut and hinted that it was done cutting, that was around the 20th April
In the time since the 20th the exchange rate to the baht has moved from approx 31.3 to todays T/T rate which is just about 32.10, its not a big change but it reverses the trend and I certainly hope it continues.
Bloomberg has more on this, here
Originally Posted by SpinGreat news; just after I've spent nearly three million baht's worth of cheap dollars. Where's the noose?May 12 (Bloomberg) -- For the first time since December 2005, futures traders are turning bullish on the dollar.
Good luck finding it but my poor memory tells me the won, Taiwan Dollar, Ringgat, peso and most other Asian currencies, took a dump along with the baht but not sure to the same degree.Originally Posted by mrsquirrel
Oops. Missed BH post.
Last edited by Norton; 12-05-2008 at 06:34 PM.
Just finished my house also. I see your in line with my record in most things. But high sell low.Originally Posted by buad hai
BH, you did say that you are fixed income dollar demoninated, this is good news for you long term if it holds up!
Indeed I am. I suppose that just when the dollar reaches new highs I'll have completed my "penury living" training!Originally Posted by Spin
Buad Hai - you do make me laugh. You remind me a lot of a character I met in Thailand years ago.Originally Posted by buad hai
His name was Dennis - In his late 40's and ex-hash dealer from Bognoregious in the UK.
Dennis was unlucky, really unlucky.
He did a spell in prison because a police man who was visiting his house about a disturbance lent on his mantelpiece where the dope was hidden and pulled it off the wall revealing the stash.
He felt something was wrong with his body, went to the doctor and found out he had stomach cancer. Had to have his stomach cut out. He travelled with a suitcase full of tincture of morphine, a carry bag of anti-biotics since he lost his pancreas - and a small shoulder bag that had two pairs of shorts and a t-shirt.
He stayed at a friends guest house where he got mauled by a dog down on the beach on the sole of his foot, bitten by my monkey, fell off the porch of his bingalow and messed up his shoulder.
He crashed his motorbike the final day of rental whilst taking it back.
His previous trip to Thailand he had been knocked out riding a banana boat. Had his motorbike stolen that he rented.
He complained about all these things, it never rained it came down in bathtub fulls. Yet he was quite happy when he was complaining.
He was a really nice guy with terrible luck.
Well, I'm not quite that unlucky, nor am I quite as poor, or shy as I let on here.
I've had a good life, seen a lot of the world, had some wonderful friends, a career that many would envy, accomplished most of my childhood goals and am now retired living what I think is a pretty nice life.
That said, it's rather amusing to complain about things now and then.
I think most figured that out quite a while agoOriginally Posted by buad hai
Anyways, looking at the numbers if we take March 18th T/T rate of 31.12 and compare it to todays rate of 32.38 its an increase of 4.05%
Yep, got just over 32 baht on an ATM withdrawal Tuesday. Maybe I'll be able to bump up my beer quality (quantity?) "real soon now"!
First two for quality, the next ten for quantity.Originally Posted by buad hai
32.5 minutes ago!
The way to go is up!
I am being paid in US$ for the work I am doing at present
So I will have to wait until after the elections and the $ gets stronger again before I use any of it
and the Baht will get weaker too, I hope
DrAndy -- On another posting rampage....
^Don't worry, he'll be gone tomorrow.
Is it tomorrow yet?
See here Buadhai, I am in a small town internet cafe and it is raining, so I cannot do very much except sit in here and send you little messages to make you happy
when the sun comes out, I will not be posting much, promise
meanwhile, the Euro is quite strong, innit?
I have reported your post
Soon on par with the sterling DrAndy.Originally Posted by DrAndy
Time for a merger methinks..
Well that didnt last long, Dollar fell back to where it came from and baht exchange rate today is 31.86
Back to drinking at home....
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