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TOPIC: News of the day

News of the day 13 May 2020 16:50 #1

  • Trendfriend
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News of the day 11 May 2020 13:01 #2

  • madmaxx
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Hi Libero,

I never disappeared really to be honest, keep looking here from time to time, just can't force myself into posting my crap ;) more often.
Thanks for the explanation, i found this Iranian index the other day and surprised me a lot in regards to current state of the world hence my question.
This is going parabolic and could be sign of bubble about to burst,unfortunately there is no tools to trade it, but watching is something to keep me entertained. There are some rumours Iranians invested in AI technology and maybe they discovered something.
By the way AI is going to be very important subject in our lifes in not to distant future, fascinating and scary at the same time.Hydrogen, Self driving cars,5g,IoT,AI long awaited 21st century technology :unsure:

Regards
madmaxx
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Last Edit: 11 May 2020 13:08 by madmaxx.
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News of the day 11 May 2020 09:46 #3

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madmaxx wrote:
Can you explain to me why Iranian index is skyrocketing like this.
Screenshot_20200510-165915_Chrome.jpg

Good to see you back MadMaxx!

ok, simple answer to the iranian question.

It's simply a case of currency changes (due to hyperinflation, revaluation etc....) - we've seen this with Zimbabwe, Venezuela, Turkey even (to a much lesser extent when they removed zeros of their Lira).

Iran has done the same, so currency changes will re-price assets.

crippled by hyperinflation, their parliament has sanctioned the redenomination of the Rial, by replacing it with a new currency called the Toman (one toman = 10,000 rials).

Slight segue, but this happens everywhere during every era (including the roman empire). In developed nations, it happens slowly. For example, in the UK we talk about property prices as an issue of supply and demand, but since 2000, the pound has halved in value (like I said, a slight segue!).

A much easier question to answer than Trendfriend's one about why the market is so strong! :cheer:

The Fed's FOMO (fear of missing out :P ) programme can be viewed in two ways:

1. interference with markets
2. preservation of the markets
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News of the day 11 May 2020 09:11 #4

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That's quite some rally there on both of those charts....seems like virus, disease and pandemics are all the rage with investors right now! :whistle:
why are these markets looking so strong? :ohmy: i know they are forward looking...but even so....and i'm investing today....not in a years time!

lets see...can see WS has posted charts and is looking for a drop....i have to agree the setup is in place...but it does need to start dropping soon imvho...

Paitech....thanks for the heads up with Solg....i traded for a quick scalp the first time you posted about it...

atb
trendfriend :)
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News of the day 10 May 2020 17:13 #5

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Can you explain to me why Iranian index is skyrocketing like this.
Screenshot_20200510-165915_Chrome.jpg


And something to watch, Nasdaq is almost back where it was before covid19, if it go higher the maybe other indices can follow, gap looks very promising to short

Screenshot_20200510-170404_IGTrading.jpg
madmaxx
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News of the day 04 May 2020 16:05 #6

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Paitech wrote:
He doesn't say when he bought or if he's selling for a loss or when he sold them

maybe not, what we do know is that Berkshire Hathaway took a massive, massive, MASSIVE hit - many billions - meaning that he would have sold during the "crash".

Moreover, a bit of "forward guidance" - they did say they are keeping cash, nothing looks attractive right now or something to that effect.

stay safe Paitech.
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News of the day 03 May 2020 15:50 #7

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News of the day 03 May 2020 14:19 #8

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He doesn't say when he bought or if he's selling for a loss or when he sold them
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News of the day 03 May 2020 12:25 #9

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News of the day 22 Apr 2020 14:06 #10

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Paitech wrote:
I stopped reading after this bit:
Usually the FTSE 100 index is seen as a barometer of how well the UK economy is doing

:evil: :woohoo: :evil: :woohoo: :woohoo:
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News of the day 22 Apr 2020 12:40 #11

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News of the day 21 Apr 2020 06:32 #12

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Non-Charts related....

...but this is becoming an all too common occurrence - not to a specific company although the story below will have a fall out effect.

Cyber Attacks is another type of problem that's only going to get worse during these times....



IT Services Giant Cognizant Attacked by ‘Maze’ Ransomware

www.bloomberg.com/news/articles/2020-04-...omware?sref=YYJP7xf8
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News of the day 19 Apr 2020 10:21 #13

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I think car insurance companies are good one to buy as people are not driving, so they not making any losses...
Just my thought
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News of the day 16 Apr 2020 08:36 #14

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SolGold PLC Announces Expressions of Interest Received
ACCESSWIREApril 16, 2020, 7:20 AM GMT+1
Off-take Expressions of Interest received for Copper-Gold Concentrate from Alpala

BISHOPSGATE, LONDON / ACCESSWIRE / April 16, 2020 / The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to provide an update on Expressions of Interest ("EoI") received from leading commodity traders for the offtake of copper-gold-silver concentrate from the Company's flagship Alpala project in Ecuador.
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News of the day 13 Apr 2020 15:51 #15

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News of the day 13 Apr 2020 06:13 #16

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OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic

OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic in an unprecedented deal with fellow oil nations, including the United States, that could curb global oil supply by 20%.
Measures to slow the spread of the coronavirus have destroyed demand for fuel and driven down oil prices, straining budgets of oil producers and hammering the U.S. shale industry, which is more vulnerable to low prices due to its higher costs.

The group, known as OPEC+, said it had agreed to reduce output by 9.7 million barrels per day (bpd) for May and June, after four days of talks and following pressure from U.S. President Donald Trump to arrest the price decline.

OPEC+ sources said they expected total global oil cuts to amount to more than 20 million bpd, or 20 percent of global supply, effective May 1. OPEC had the same figure in its draft statement but removed it from the final version.
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News of the day 13 Apr 2020 06:12 #17

  • Anonymous
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I just thought I will add a thread like this, where we can post latest news of the day.....than being in different threads..... hope its helpful....
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