Baillie Gifford Us Growth Share Discussion Threads

[pmeas] 08/1/2004 15:18

The thing with gold is that it doesn,t belong to any one country its the worlds currency.

[hooya] 08/1/2004 15:02

thanks guys

doh, it's as simple as that? but are there any supply/demand factors to take in consideration, 'cause obviously there will be buyers and sellers in different currencies. i.e will this attract foreign buyers ,although price has gone up, dollar is cheaper, thus might be able to buy more 0z per £ than at a lower price? (if that makes sense)

I guess I view gold as a physical thing when ultimtely its just another currency, and a silly one imo:-) in this day and age. LOL

[pmeas] 08/1/2004 14:59

as the value of gold increases with demand as currencys become dangerous.

[pmeas] 08/1/2004 14:58

Hooya in lamans terms more dollars required to buy the same amount of gold.

[nirag patel] 08/1/2004 14:54

hooya-
gold goes up with falling $ as it is priced in $

[stormforce] 08/1/2004 14:52

afternoon all..short feb dax 61

[hooya] 08/1/2004 14:47

spx left gap on this move down so back up to 29???

[hooya] 08/1/2004 14:32

watching for big volume on first 60 min candle

[hooya] 08/1/2004 14:16

Question: How come gold is rising so much as the dollar falls. Shouldnt gold be cheaper on a weaker dollar, or is it because of the fall in the dollar demand is up? forgive me if this is a stupid question but dollar effects arent my thing:-)

[hooya] 08/1/2004 13:57

could still be a pop and drop gedy even if they take it just above 600 imo. Perfect senario for both UK and US to reverse intraday and would leave the US to have a failed retest tomorrow on non farm news etc.

[gedy] 08/1/2004 13:49

Dow E-Mini now 10557 +43. I don't know if this is going to be a "pop and drop" or if we are on the way to 10600 and above?

[bigmolly] 08/1/2004 13:26

Afternoon all, futures looking a bit lively, dow currently +38....

Haven't a position and will possibily stand aside today......yesterday's sharp sell off came to quick, based on nothing and now the retrace+, can't work it out, so better to stay out me thinks.

Take care

BM

[stormforce] 07/1/2004 23:37

evening 2020 ...were is everyone ?

[2020] 07/1/2004 19:09

Evening all.

[jeroo] 07/1/2004 18:31

Well, it bounced back up to the top of the channel again



Covered my long fo 5.5 points - that's it for me now.

[hooya] 07/1/2004 18:28

still tracking each other closely but the Nas fell alot more...I guess
it will take time to recover...maybe more than the broader indices

[theape] 07/1/2004 17:37

nasdaqs weird.

its now up 3 % off its highs 3 months ago compared to teh dow and spx up 15 +%.

is the nas going to retake its leadership position, or is it a fakeout on nas.

[hooya] 07/1/2004 17:31

seems to the techs again. Compx moving ahead of Spx and that ahead of Dow.
Dow still has to fill it's gap.

[jeroo] 07/1/2004 17:23

No probs BM - Off out myself now so I'll send you the low down later on.

[bigmolly] 07/1/2004 17:11

Sorry I don't but here's mine [e-mail]

I am sure you will know my package, it's just getting poor regarding data feeds...

Will get back to you tomorrow as off to bed now, but thanks in anticipation.

BM

[jeroo] 07/1/2004 17:03

Of course not BM - I've use Sierra Chart running directly from an IB data feed. Sierra Chart is now on version 42 and is completely on a par with my eSignal package. For back data, I use SCMagic. If you need some more help, send me an email (if you still have it)

Sierra Chart can run from MyTrack or IB data data feeds.

[bigmolly] 07/1/2004 16:40

Jeroo...what's your set up about...I have AIQ charts with Trackdata or myTrack supplier most of the data but been having loads of data problems lately, and it's not getting better...

If you don't mind me asking

[jeroo] 07/1/2004 16:27

Yes yes - and 10000 wouldn't be seen by the end of last year. I'd love a pull back/correction/drop/tank but I'm not hanging around waiting for one to take place. If it continues to play out within that channel, I see no reason to build a short position just yet. One thing really niggles me - insider selling. I'll continue to trade off of support, resistance and trend but after reading about insider selling being at an all time high, my stops on the long side a much tighter than those to the short side.

In short, I'll trade long on a bounce from the lower channel and short near the top of the channel.

[theape] 07/1/2004 16:21

trouble is the channel equates to a 40% annual rate of increase.

waiting for the break.

[jeroo] 07/1/2004 16:10

SPX still holding it's trendline with a nice bounce off the bottom of the channel (disappointingly)



The channel started on the 19-12-03 and the SPX has remained true since. Support below is at 1108 followed by 1100 with stronger support at 1095. After that, it's down to the longer term trend line currently at 1090.