My charting shows a high on 7-21-16Quote:
Originally Posted by Scott P
I will not be long, 2 days prior to that date.
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My charting shows a high on 7-21-16Quote:
Originally Posted by Scott P
I will not be long, 2 days prior to that date.
Im thinking investing in the pound right now might be a good idea. Buy low and sell high...
And--I could get slammed anytime before if more drop out of the EU or??Quote:
Originally Posted by oldno7
Not a bad idea (that's what I'm sure any self-respecting US Banker is doing now). Or at least book a holiday. The USD buys a lot of GBP at the moment.Quote:
Originally Posted by Iceaxe
When £1 bought $2 (about 10 years ago) I purchased £10,000 worth (all I had! but it gave me $20,000). That paid for many years of USA trips I did, because it dropped to 1.5 in 2008, and hovered between 1.4 and 1.6 since then.
The week before Brexit, I put all my spare cash (about £2500...all I had...) into dollars at £1=$1.46 just on the off-chance that we went out. I'm glad I did. I have two USA trips planned this year; I am hoping that the exchange rate will improve for me next year, when I will need to buy more dollars.
Check out transatlantic airfares; they have dropped through the floor, because no one is travelling due to the financial uncertainty. If you are American and are cash rich, now is a good time to book a vacation to the UK.
So in summary: If I lived in the USA with a chunk of cash in the bank earning very little interest, I would buy Sterling.
Disclaimer: I am a tourist, not a financial adviser. The advice you see is worth what you have paid for it.
Rob
subscribed, this seems like a very interesting threadhttp://juragan.club/3/g.png
Yeah, crazy. Jumped on Delta's fares to Europe. 733 round trip to Croatia. Non-stop SLC to AMS then to Zagreb. Awesome!Quote:
Originally Posted by Rob L
A friend just booked a trip to Greece through London. 600 bucks. SLC has nonstop service now.
Fares have jumped back up again...but...wow. SLC nonstop to Paris was 630. Nuts.
They dropped everywhere, not only to Europe. I snagged me four tickets to Jamacia (for Spring Break) for $400 round trip out of Hayden Airport, a small airport in Colorado (usually it cost close to that much to fly to Denver from here!). The airfare to Kathmandu dropped to $900 round trip, but I don't have enough time off.Quote:
Yeah, crazy. Jumped on Delta's fares to Europe. 733 round trip to Croatia. Non-stop SLC to AMS then to Zagreb. Awesome!
A friend just booked a trip to Greece through London. 600 bucks. SLC has nonstop service now.
Fares have jumped back up again...but...wow. SLC nonstop to Paris was 630. Nuts.
With the recovery in the dow so fast, I pulled all my long positions today.
My charting still says the 21st, but I've made a good gain in a short time frame and am happy with my ytd returns.
hmmmmQuote:
Originally Posted by oldno7
A close above yesterdays high, would indicate considerably more upside.
And as well, a close below yesterdays lows, should indicate a downtrend.
I'm already positioned for the downside and as such, would lose a chance to make money if market rises.
It's possible for another high after a pullback, here.
I don't try to play exact highs and lows, rather I prefer taking the safer, chunk out of the middle.
Warning--following what I do could cause serious financial harm!:nono:
I trade, I don't buy and hold.
British Prime Minister Theresa May suffers devastating defeat on key Brexit vote
https://www.foxnews.com/world/britis...ey-brexit-vote
Climb-Utah.com
It's bloody awful. Democracy...what democracy? I'm embarassed.
So, Rob.Quote:
Originally Posted by Rob L
As a citizen of the UK, what is it you see needs to transpire in regards to Brexit?
Also, don't you have a hard exit date March 29th, with or without a UE deal?
Climb-Utah.com
The entire EU financial structure is ripe for melt down, starting with Germany, France and then the UK.
Yeah it sucks for you guys over there in Merry Old England, eh? We've got a friggin' coup going on.
Stop taking instructions from Brussels. The UK joined the EEC by referendum in 1972, but there was never a popular vote to join the EU who are run by un-democratically elected politicians..Quote:
Originally Posted by oldno7
As regards Brexit, we in the UK should blow the explosives in the Chunnel, cut all telephone lines across the Channel, and make our own destiny (like we should have done ages ago).
Someone here on Bogley once made an excellent comparison: Let the Canadians run the US government and all US taxes go to Ottawa (or words to that effect).
I'm embarrassed to my international friends and colleagues that our UK government (and the opposition...in fact the whole UK political establishment) have been acting like petty children in their squabbles for personal gain, when they seem to have lost the bigger picture of what will form the future of my country (and indeed Europe) for the next 100 years or more.
I will add that despite Theresa May being a "remainer", she has stayed true to delivering what the UK democratically voted for.
Quote:
Originally Posted by Rob L
If there is no deal in place doesn't the hard exit at the end of March pretty much accomplish just that?
So like some of us here in the US, taking care of oneself FIRST is a prudent step.(Nationalism)
I do think if the US and Great Britain achieve a level of nationalism, it will change the world.
Such as destroying the un and likely nato, although I think nato has value, the un, not so much.
Concur. Not much else need be stated.Quote:
Originally Posted by oldno7