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Lloyd

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About Lloyd

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    Victoria
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    Australia
  1. Trump

    I can't make up that kinda stuff. Edit - in the meantime - "Again, I apologise for this. This is my responsibility and my team," [Hawaiian Emergency Management Agency administrator Vern Miyagi] said. http://www.abc.net.au/news/2018-01-14/hawaii-missile-threat-for-38-mins-they-thought-world-was-ending/9327692
  2. Yes, it is all quite exciting, innit! I have no opinion. I just watch charts.
  3. Some numbers for newbies - high USD19,458 on Monday. Low of USD 10,800 on Friday. Not something I'd dare touch. It is feral. And I have been trading stuff (some may call it speculation) since I was 18.
  4. Ethics question

    I find this topic fascinating on many levels - not confined to audio, but commercial dealings in general. Please , mods, don't close it down just quite yet. My own anecdote is this. A dear departed friend built up a very successful premium handmade bridal gown biz in Melb, including things like the Logies and stuff. To have a gown made by Jane is to own the highest quality available in Oz - so much eye for individual detail and artistry, using fabric sourced from all over the world. Jane sold out as her health was declining, but they kept her name, and went on and continue to sell gowns using her name - no licence, they just did. They are just cheap imitations, but look similar. I was angry with this, and sought the advice of experts in the know. In jest, they said the only way to avoid this was maybe with a high powered imagination. Design intellectual property is notoriously difficult to protect - but they will never even come close to replicating those of the original artist, who spent many many hours over many days over some weeks, with her eyes on her client, and exquisite skill. We know this predicament, as audiophiles, of course. edit - ethics? None at all by the the people who ripped off Jane's designs and got very rich using her name. Brides are/were ignorant that they were being ripped off. We designed a deliberate slight/innocuous fault in the seam (a single off white thread, where nobody would notice) so as to know whether it was genuine Jane or not, as she got many queries as to whether this is a genuine Jane gown.
  5. Aussie Politics

    I thought I could never link Aussie politics with Led Zeppelin. But it just happened. It's Bennelong time. No irony deficiencies in the house of Gustav.
  6. The One Percent

    World's richest 0.1% have boosted their wealth by as much as poorest half I looked up this guy's credentials. It is a bit odd him maybe saying those kinda things, being a bit of a commie himself. I haven't read his stuff, nor do I wish to, as much as I could and provide considered feedback. To me he comes across as a bit of an accountant or statistician - crunching numbers. About as boring as lint. In 1980 most of East Euro, USSR, China and a few other places were Commie. Except for the "few", most lived in circumstances we would not tolerate in Australia. So, when these countries realised certain advantages of cutting loose since then, of course a substantial number of people became very wealthy, and from anecdotal evidence, not to the detriment of the poor. It is a a mathematical average kinda thing. The "pie" has increased. Taxation only serves to decrease the pie, and make opportunities less. Instead of everyone earning a 100 Ostmarks, some went to earn 110, while others went on to make a million Ostmarks. They now offer young women jobs rather than selling themselves off as as slaves or prostitutes. I think that can only be a good thing. There will always be some dippy- hippy advocating the evil virtues of communism - not that it existed, as most Socialists claim. I reckon this is an own goal by the author, and I so much care that I forget his name.
  7. Quite so. The fact that, say, Batman exchanged some beads and stuff for a treaty was tacit acknowledgement of their rights to decide. No invasion there - however unfair.
  8. Yes thankyou. I love learning something new everyday. OK, OK, maybe once a week. I suspect that my data provider already does something which you suggest for cash currencies, as there is no single exchange. To this end, my Friday close/Monday opening thing which I explained on Monday is maybe largely irrelevant. I'll stick to trading things which are completely closed over the weekend as far as data providers are concerned. Sure, many things are traded on the weekend. Trite example - cash currency exchanges at say the airport. That, to me, is off market. A technical term. Totally ignored, as they are not recognized by reputable data providers. This may change, I dunno. Not likely in the near future. There is some chatter about bitcoin becoming a futures market on the CME (no trade on weekends). They, like me, are a bit slow. Of course - as long as liquidity (volume) is sufficient, which is always of high importance.
  9. Yes - all good. Actually, there is another date, too, which I am quite fond of - 9 May. That was when the first Parliament was opened by Prince George. There are other dates, like 9 July, when the Constitution became law. Similar to the Westminster Act are the Australia Acts which severed any remaining constitutional links between Oz and the UK. So important were they that Queen Lizzie made a trip to Oz to sign off, rather than the GG.
  10. Thankyou - that is a very cool site. Sadly the weekend numbers are not sold to major data providers (I have two, one in real time) and so not actually be used by the international community where everything is priced in USD$. So, while useful of course, cannot use them in any meaningful manner. This is disappointing. Not sure what can be done.
  11. Well good on him. It is just that they are off market. I can't see them - can you?
  12. Yes, 24, but not 7. Things are closed on the weekend. Except if you are not in the market - just as you can do online banking over the weekend. So yeah, you can probably buy and sell bitcoin over the weekend through someone, but they are not registered as market trades. There is always a "close" - even though it is continuous. I'd have to look it up - usually some well recognised time. With bitcoin, it is 20.00. Where is 20.00 early in the Oz morning? I dunno. I can find out if you like. It is now showing 13.52. Oz time is 22.52.
  13. Huge topic, but any economist who tries to predict the price of a financial instrument ought to be burnt at the stake. That is what stockbrokers and snake oil salesmen are for. Economists may provide a guide as to what ought to happen in general. There used to be a monthly contest in some financial paper. They would throw 5 darts at the daily listing of all the stocks. They would then ask a few esteemed people to provide their own picks. The darts would often win. I can recommend things, as I did with the Aussie, but that is based not on economics but what I see on my screen - and things may turn at any moment, and often do - that is trading. Some very successful traders make 70% losses. Cash closed on Friday at 76.12.
  14. Yeah, Normally things open about where they previously closed. Each day there is a high and a low. Say, high = 20, low =18. Close =19. A gap is where it opens next trading session above the high at say 24. The opening on Monday is a bit of a mystery. People who are short sweating all weekend and think must get out first thing Monday. They go to church and pray and so on. Then others, in fear of missing the boat, and thinking over the weekend and reading reports like I shared a while ago, finally decide to buy in quick smart.
  15. Nope. Unlike Don Burke, no touchies for Gustav. In fact - interesting - when things gap up on opening on a Monday above any price in the last week or so, has in the past been a sign of a top. Lots of words have been written about gaps. In a normal market, it would be called an exhaustion gap. Bitcoin is not a normal market. My advice is to avoid a market that gaps - a sign that it is for gamblers only.
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