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14 May 12 09:44
Date Joined: 25 Oct 03
| Topic/replies: 5,929 | Blogger: Mrben's blog
Everything was hammered last week.

The mellys of this world are all short.

Dow futures are off 100.

Euro markets are off 50 to 150 points.

Everything is negative.

It will only take a glimmer of good news, such as QE3 rumour and huge upside.Love

find a spot and get on.
Pause Switch to Standard View Get ready for the blow-off rally.
Show More
Report Menelaus May 14, 2012 12:19 PM BST
Sorry benny the clown but most of us don't speak clownland language. Can you elaborate on "find a spot"?

Remind me again what does that exactly mean in clownland language? Does it mean "get on now"? Does it mean "get into position to get on and then get on when little voices whisper in your ear", or does it mean "take the other side if you spot a kangaroo today"?

P.S. By the way, I'm still trying to find a spot to get on for the euro's relentless drive to 1.40. Tick, tock, tick, tock....LMFAO
Report Mrben May 14, 2012 12:26 PM BST
sorry melly , but the spoon feeding sessions stopped long ago.

find your own spot moron.

you are a clueless  clueless mug.When the rally occurs no doubt you will say " errr ahhh it was for the wrong reasons"WhoopsWhoopsWhoopsWhoopsWhoops

Report Menelaus May 14, 2012 12:31 PM BST
I was counting on a response like that. Baiting you is so easy it's embarrassing.

Is there anything you get called on here that you can answer?

PLEEEEEEEASE don't bother answering that, someone else might be lurking on the forum and we think less of me engaging in a conversation with a clown.
Report Mrben May 14, 2012 12:34 PM BST

melly- if iM a clown- why  are you so obsessed with me?

you have'nt started a thread that does'nt bear my name for months.You are obsessed with me.
Report Mrben May 15, 2012 11:10 AM BST
dow futures up 68

nikkii futures up 40

AUD up 50 pips

EUR up 35 pips

gold lifts off its low to 1559

things are looking good for day tradersLove
Report Maximum May 15, 2012 11:26 AM BST
Did I miss something yesterday? Did you say something controversial Mrben?
Report Mrben May 15, 2012 11:46 AM BST
you know me maximum- always looking for tranquilty and harmonius relationshipsSillySillySilly
Report Maximum May 15, 2012 11:54 AM BST
You are way to behaved for this company...
Report Menelaus May 15, 2012 8:43 PM BST
This must be the "blow-off" rally that benny the clown called on here.........oh wait, the DOW is almost 200 points THE OTHER WAY since the it possible that in clownland language "blow-off" really means "sell-off"?????

I hope wipeout drops in, he is fluent in clownland language, he'll be able to explain it.........while on his knees nonetheless.

Report Mrben May 15, 2012 11:18 PM BST
I guess I had to expect that from Mr Clueless.

You would be better off explaining what your doing with your gold melly- down to 1544CryCry

for the record-sadly the quick drop off in the futures did gobble up 70/80% of my profitsSadSadSad.

but as a professional I judiciously use stops and never surrender all of the gains.

something a clown like you would not understand melly.

now- get back to your pile of gold and recommence sobbing into itTongue OutTongue Out
Report bobby2424 May 16, 2012 6:20 AM BST
GOLD seems to be going DOWN in value?? How is that a store of wealth? It already gives no dividend yield! Cry
Report Mrben May 16, 2012 7:07 AM BST
blow off rally cancelled.

aussie market off 100, which is huge for us/Resources in free fall.

its a rush for the exits instead this week.
Report Menelaus May 16, 2012 12:41 PM BST
Mrben 16 May 12 07:07 
blow off rally cancelled.

Cancelled???? Really???? I didn't realize it had ever started?!?!

What losses did you take there benny the clown? When did those little voices in your empty head tell you it was the "spot to get in"???

I'll answer my own question. None, zero, zilch, no losses at all, because everything you put up here is a big joke, a fantasy, a detachment from reality, a figment of your imagination.

You're not a trader, you're a clown posting with the sole intention of entertaining. Well done, I'm busting my ribs laughing.

Report Menelaus May 16, 2012 1:13 PM BST
Oh, and one more thing about your laughable rear-view mirror daily joke-calls on here.

If you waited to spot a "rush to this exits this week", then you're way too late to the usual.

The AUD was NEVER poised to go to 1.10 and the EUR NEVER had a relentless drive to 1.40. Only a massively ignorant clown saw it that way.

You get ahead of massive moves in......FEBRUARY, not "this week"

Menelaus 17 Feb 12 08:01

Since you make us laugh so hard every day on here, I'll let you in on a secret my little empty cranium friend, the AUD is the short of the year. As for the euro, tick......tick.......tick.......

Not quite 10 years wages yet, but I'm working on it Devil
Report J2BLUE. May 16, 2012 3:28 PM BST
16 May 12 06:20
03 Jun 04
| Topic/replies: 817 | Blogger: bobby2424's blog
GOLD seems to be going DOWN in value?? How is that a store of wealth? It already gives no dividend yield! Cry
Rate reply:
| report

Going down in price, not value. Oil was 2g of gold per barrel a few weeks ago. As of yesterday it was 1.9
Report Whippet May 16, 2012 6:30 PM BST
Are you seriously claiming that gold has actually gone up in value since the start of the year?

I think you will find that if you compare the gold price to all every day items (e.g petrol, food, booze, electricity etc) it will buy you far less than it would have 6 months ago. This is pretty much an undeniable fact - all of the above have increased drastically in price with inflation, whereas the gold price has gone down recently.
Report J2BLUE. May 16, 2012 7:30 PM BST
Gold will end the year higher than it began the year.

Come back to me if i'm wrong.
Report Menelaus May 16, 2012 7:39 PM BST
Here it goes for the last time perhaps you numbskulls will finally get it.

If you're paying attention to the paper price of PMs, other than figure out when you should be buying more, you shouldn't be in PMs.

Buy the physical WITHOUT leverage, get it in YOUR POSSESSION and put it away until it finally sinks in to everyone who can fog a mirror that the monetary system is broken, and there is no such thing as "muddle through" this fecking mess. The problems are structural, not cyclical. There is a massive debt overhang and not enough organic growth to be able to pay the coupon. And yes, that minor annoyance, cheap oil is gone, FOREVER. Is that so fecking hard to understand?

When will the day of reckoning be? When it becomes obvious to every lemming trading these markets that inflation is significantly higher than the yield on the UST 10 year, not this manipulated 2pc bullsh1t. That is the bubble of all bubbles. That day is not that far away.

The banking cartel has complete and unencumbered control of the precious metals markets with total impunity. If you don't understand and accept that, again you shouldn't be in PMs. Anyone who can dump enough paper selling 3/4's of the world's annual silver production on the markets in 5 minutes with the regulators not even batting an eye, HAS COMPLETE CONTROL of the metals markets.

If you let that bother you, if you're not able to see past that, and use PMs for what they really are…..A WEALTH PRESERVING MECHANISM when the system fails, you shouldn't own any. Or if you do, you are owning PMs for all the wrong reasons.
Report FINE AS FROG HAIR May 16, 2012 9:36 PM BST
Boring hyperbole I'm afraid.
If you structure your portfolio with this basic hypothesis in mind, then I'm afraid to say that your wealth is more likely to be eroded than preserved.
Menelaus is a gold bug end of.
Good for him if that makes him happy. Every market needs buyers.
Report Menelaus May 16, 2012 9:45 PM BST
Let me guess.

We'll muddle through. No fecking idea why, we'll just muddle through.

For a deaf, dumb and blind poster, this mug sure lurks a lot.

Mute button still firmly pressed, I don't feel like hearing "I don't have any fecking idea why but somehow we'll muddle through" over and over and over again anymore.

Report FINE AS FROG HAIR May 16, 2012 9:53 PM BST
Why am I not surprised ?
Btw I have a quirky question for Menelaus. Perhaps someone could put it to him for me.
What is likely to happen to the sports betting markets if and when the world's financial system completely collapses, and mayhem breaks loose.
That's really of more interest to me tbh.
You see I'm a " muddle through " winner there too and I would also like that to continue "as is " if at all possible.
Or will I have to deposit gold bars with BF inorder to fund my account to underwrite my bets and lays.
Report FINE AS FROG HAIR May 16, 2012 11:23 PM BST
Btw does anybody else find it somewhat interesting that Menelaus is apparently advising dumping a substantial portion of one's net worth into non-interest bearing phsical gold, while at the same time he has no idea of the time frame when this investment will prove its worth.
Pretty hard to fund one's living expenses in that scenario, without in fact drawing down on capital, which would seem to be slightly counterproductive, particularly if one's living expenses are hyper inflating as much as Menelaus is claiming they are, apparently to most, if not all, of our collective knowledge or awareness.
Report FINE AS FROG HAIR May 16, 2012 11:27 PM BST
Sorry to go on.
But I am planning to do up one of my bathrooms, and would like someone to ask Menelaus for me if I should be considering gold tap fittings. I'm sure he has them in his Knightsbridge residence. Should I draw the line perhaps at the loo seat ?
Report FINE AS FROG HAIR May 16, 2012 11:34 PM BST
Also could someone please ask him if I should be selling my GE puts ( taken out quite a long time ago on his recommendation of imminent GE bankruptcy- which unfortunately have been underwater from day one ) to fund some physical gold purchases ?
Never too late to get on the bandwagon ?
Now I'm not saying that every call that Menelaus makes should be 100% right ( though he seems to say that), but I would like a fighting chance every now and again.
Report FINE AS FROG HAIR May 16, 2012 11:43 PM BST
Btw finally ( I promise) why would you tool around in a gas guzzling high end porsche if you sincerely believe that the days of cheap oil are well and truly over ? Now that is a puzzling contradiction. Or has he stockpiled some cheap oil somewhere too ?  Perhaps he know got in very presciently in the days when it dipped as low as sub $ 10$ a  barrel. Wouldn't surprise me in fact, given all that he writes and claims.
If he in fact has such an obvious disregard for discretionery personal expenditure, prsches, two expensive houses, a wife who apparently spends more on clothes in a week than most people spend on food in a year etc etc, is he in fact the man one should be looking to for personal investment advice ?
Report polybot May 17, 2012 5:50 AM BST
melly's real net worth:

11/2  50,000+
3/1  0-50,000
5/8  less than 50,000
Report polybot May 17, 2012 5:51 AM BST
*all figures in japanese yen
Report Menelaus May 17, 2012 1:14 PM BST
Another failed attempt at "smart". Someone ought to tell this clown that to post "smart" you *actually* have to be smart.
Report Mrben May 22, 2012 11:39 AM BST
looks like I went off too early.Sad
Report Menelaus May 23, 2012 12:58 PM BST
Yeah, missed it by *that* much...........
Report Menelaus June 1, 2012 11:15 PM BST
Blow off rally postponed due to lack of interest. Laugh
Report Mrben June 4, 2012 2:50 PM BST
once again melly_ i called it in real time.

you are  mmm lets see--- oh yeh- smart  AFTER the event.

thats known as - aftertiming.Shocked
Report Mrben June 6, 2012 3:08 PM BST
what a tremendous rally happening right now.Dow up 140
AUD up almost 200 pips and 350 pips in 3 days.LaughLaughLaughLoveLoveCool

Euro up up up.Love

Great night for short term traders.

happy days.LoveLove

ps. Looks like I was right after all melly.Cool

I mean you watched gold fall from 1680 to 1522 and when ot got back to 1600 claimed it as "win"ConfusedConfusedConfused

so  I'll just copy you.

you must be literally seething, right about nowExcitedExcitedExcitedExcitedExcitedExcitedExcitedExcitedExcitedExcitedWhoops
Report Menelaus June 6, 2012 3:10 PM BST
What a clown !!!!

You've reduced this forum to a circus, a complete joke.

You should be proud.

Remind me again, what time is it where you live? Take your meds and go to bed you retard. Stop polluting the forum.
Report Mrben June 6, 2012 3:14 PM BST
I will remind you melly that I have taken advantage of the rallyLoveLoveLoveLoveLoveLoveLoveLoveLoveLoveLove

you have done nothing other than obsesses about me.WhoopsSillySillySillySillySilly

I win both ways.Grin
Report Menelaus June 6, 2012 3:20 PM BST
You've reduced this forum to a BAD joke, sort of like your finances and your life.

Well done.

P.S. Yeah, I guess you're right about the "obsessed" thing, why else would anyone stay up in the middle of the night to post on here. Silly
Report FINE AS FROG HAIR June 6, 2012 11:25 PM BST
As opposed to Menelaus reducing it to BAD taste ?
Now I have no idea really whether Mr Ben makes what he claims to make in day trading the markets, nor do I much care.
But unlike Menelaus I do not assume that you must have deep financial knowledge and sophistication to day trade.
It's a different skill entirely to " serious" investing and , as such, does attract many players who would appear not to be all that well educated in financial theory.
But does that axiomatically equate to them being " idiots or clueless cretins " as Menelaus is all too fond of saying.
I don't think so, and I think Menelaus just demeans himself by making these types of statements ad nauseam.
Report Menelaus June 7, 2012 11:22 AM BST
More white space from the Prince of "Can't-Tell-You-Why-But-We'll-Muddle-Through", the expat retiree living on his pension in the warm and sunny climate of bankrupt Spain, trying to make ends meet on a fixed income, but who apparently uses "financial advisers" to tell him how to spend his hard earned government monthly cheque, while at the same time watching the cubbyhole he "invested" at the top of the market in 2007 lose more value with each and every passing day, and is totally befuddled with unfolding financial events around him which he finds too complex to understand. (Wow, I've outdone myself, that's some sentence :) )

Yes Sir, I yield to your superior knowledge, your financial savvy, your panache in money management, and I shall try to pay more attention in the future of what lessons there is to be learned from putting up white space up on this forum time and again.

On the other hand, may be you're just posting precisely what you have in your head......white space.
Report FINE AS FROG HAIR June 7, 2012 3:49 PM BST
About 8 out of 10 for narrative but 1 out of 10 for facts.
About par for the course.
I read a nice phrase the other day that might just be the best way to describe Menelaus.
An articulate incompetent.
Report FINE AS FROG HAIR June 7, 2012 5:05 PM BST
Not to belabour the point, and also perhaps risking putting Menelaus on an even higher imaginary pedestal, but does he remind anyone else of the story how the very abrasive Myron Scholes reacted once when questioned on why he and his his associated fund LTCM were going to make " guaranteed" profits where others have failed, he replied " because of fools like you ".
Now I don't have to remind you how that all that ended.
Report Menelaus June 7, 2012 6:49 PM BST
I think I just had a moment of clarity. For the first time I truly understand where the term "white noise" comes from...Happy
Report FINE AS FROG HAIR June 7, 2012 9:11 PM BST
Forget about white noise. I think it is more interesting to observe that Menelaus seems to have developed the ability to analyse and expound on the content of white spaces.
Now that is really clever and quite unique dare I say.
Just another example of Menelaus' mindless superiority over the masses ?.
Report Mrben June 11, 2012 3:33 AM BST
dow up 93 and monday futures up 180LoveLoveLove

all markets up

AUD approaches parity again

Euro over 1.26

rally continues

happy days
happy days

safe to say melly did'nt buy the dipWhoopsWhoopsWhoops
Report Mrben June 11, 2012 6:01 AM BST
answer me this melly- if your so smart and the world is about to end- why is the dow up 300 points or more after tonights session? Why is gold  not 3000 $?

take your time.Whoops
Report Menelaus June 11, 2012 10:39 AM BST
Want more proof?

Here it is....

Mrben 11 Jun 12 06:01 
answer me this melly- if your so smart and the world is about to end- why is the dow up 300 points or more after tonights session? Why is gold  not 3000 $?

take your time
Report Menelaus June 11, 2012 1:19 PM BST
Oooops, where did those 300 points go??? Whoops

Will we even be green by the open, or will reality finally sink in with the lemmings?

The markets are starting to figure out that what we got in Spain was not only a solution, it wasn't even a good postponement.

I've seen a lot of clowns post sh1t here over the many years that I've been on here but never one who's so proud of his stupidity as this mug.

Mrben 11 Jun 12 06:01 
answer me this melly- if your so smart and the world is about to end- why is the dow up 300 points or more after tonights session? Why is gold  not 3000 $?
Report Menelaus June 11, 2012 9:15 PM BST
benny the clown, remind me again how many points the dow up today would I have to explain if I was smart?

LaughSillyTongue OutTongue OutTongue OutTongue Out

You've refined the act of putting your foot in your mouth down to an art. Cry
Report Mrben June 11, 2012 11:19 PM BST
fact is melly the market did rally.

you offer no explaination because you are totally clueless.

your failure to address the gold 3000 issue is testament to that.

by the way meelly- you are guilty of---aftertiming- againTongue Out
Report Mrben June 12, 2012 11:01 AM BST
don't think I have seen such rampant volatilty pre dow opening for years.

Today has been a daytraders wet dream.LoveLoveLoveLove
Report Mrben June 12, 2012 2:20 PM BST
what a phenomenal  session for day traders.

prices all over the shop all day.

Happy days

Happy days

dow to open up
Report Mrben June 12, 2012 11:55 PM BST
dow UP 162Love

post your apology here melly, you clueless clueless mugAngry
Report Menelaus June 13, 2012 9:57 PM BST
You mistimed the move by.....25 days, in a market where 5 seconds is now an eternity......and you want props for it!?!?

What can anyone say other than.....oh,'s benny the clown. Cry
Report Mrben June 14, 2012 12:25 AM BST
heres an idea for you melly.

bookmark this thread.

on a day , say a year from now, when the market drops 100 points, you can drag it up and claim "no rally".

thats what your best at, you clueless clueless mug melly.Crazy
Report Menelaus June 14, 2012 7:53 AM BST
The posts are date stamped you clueless mug.

You posted about a "rally" on May 14. One didn't come until June 6 an entire 25 days later........and after the market had gone down 500 in those 25 days.

The only rally you predicted is the one in your empty head.

I'm sure though you made 10 years wages in the process...............less the minor losses from facebook
Report Mrben June 14, 2012 10:06 AM BST
rally occurred.

great call by me.

sorry I couldnt get it right to the micro second.Real traders  don't expect to do that.

does that mean you are not a real trader melly? Guess it does.Whoops
Report Menelaus June 14, 2012 5:28 PM BST
Excellent call if you are trading in clownland where timing means nothing, otherwise not so much.

You are absolutely right, I'm not into trading.......comic books.
Report Mrben June 14, 2012 10:17 PM BST
dow up errrrrrrr ahhhhhhhhh 155 points.Or is that bps?ConfusedConfused

I think we all know who is the clown  here.

Interestingly melly mentions comic books- no doubt he is a big fan of  the current Marvel superheroes movieWhoops
Report Menelaus June 14, 2012 10:39 PM BST
I was trying to decide what's worse, stupid or delusional until it dawned on me that you are.....BOTH.

You missed it by 25 days. Get over it.
Report Mrben June 15, 2012 9:38 AM BST
if you knew how to trade melly you would realise - oh never mind,Its like talking to a plastic doll.Cry
Report Menelaus June 15, 2012 4:06 PM BST
Well, I guess I know how to trade well enough to know that missing a trade by 25 days will lead to ruin, or ej@c@l#ting all over the forum with this load of rubbish will have the same result:

Mrben     18 May 12 14:24
7 minutes to  the listing.

Go facebook
Go facebook
Go facebook
Go facebook
Go facebook
Go facebook
Go facebook

Report Mrben June 16, 2012 2:35 AM BST
quote from melly "You poor poor man. I didn't realise I had reduced you to this state where all you have left is to chant the same deluded mantra "

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm does the facebook qualify as a mantra?

the hypocrisy.CryCry
Report Mrben June 16, 2012 2:36 AM BST
oh forgot to mention- dow UP another 115.Love

AUD back over parity @ 100.80Love

as usual your completely clueless melly.
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