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TheGuru12

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Posts posted by TheGuru12

  1. Just posted this over on another thread.

     

    WITHIN THE LAST SEVERAL DAYS...

    HSBC... Deutsche and some other BIG banks just loaned the PBOC 450 BILLION to help them prevent their currency from total collapse..

    The backstory.. The CEO of HSBC has just been fired for it..

    It was said China has 3 trillion in US reserves but now it is being revealed..

    1 trillion was earmarked for the belt and road initiative and the other trillions have been tied up in swaps and derivatives as the currency has already dropped 30% to 7.5.

    It is estimated the currency will eventually devalue another 40%.

    ... Long gold 😉 

     

    • Great! 1
  2. WITHIN THE LAST SEVERAL DAYS...

    HSBC... Deutsche and some other BIG banks just loaned the PBOC 450 BILLION to help them prevent their currency from total collapse..

    The backstory.. The CEO of HSBC has just been fired for it..

    It was said China has 3 trillion in US reserves but now it is being revealed..

    1 trillion was earmarked for the belt and road initiative and the other trillions have been tied up in swaps and derivatives as the currency has already dropped 30% to 7.5.

    It is estimated the currency will eventually devalue another 40%.

    ... Long gold 😉 

    • Like 2
  3. 11 minutes ago, MT1million said:

    All. I just made my very first trade... sell gbp usd as I think the dollar will strengthen  . Question  - do I need to cover the trade ? Can I cash out any time today ? Or just accept what I have at COB ?

    As the markets opened they saw 1.1991 so I suspect that is the target for today! 😉 

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