Archive for the ‘Currency Market’ Category:
Last Chance To Learn To Trade Forex With Ease
There’s only a few days left to join the most elite
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Check out the link above and remember that all this
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All the best
Alan
P.S. Testimonials are streaming in from traders all
over the world that are already making pips just a
few days after the release. You better get this one
before it’s gone for good. Find out more here:
=================================================
Information, charts or examples contained in this
blog post is for illustration and educational purposes
only. It should not be considered as advice or an
endorsement to purchase or sell any security or
financial instrument. We do not and cannot give
investment advice. On certain occasions we have a
material link to the product or service mentioned in
the email. This may be in the form of compensation or
remuneration.
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Probably the best forex trading systems in the world
Today, Tuesday 13th July 2010, at 9 AM EST, trading systems of more than 40 champion traders from all around the globe and so much more, will be disclosed.
The systems, interviews, videos and live trading presentations of Mark McRae’s current SureFire Trading Champion V2 top guns, and all the previous champions, will be accessible to only a few and you have been invited to join that elite group – effective TODAY!
Not only have these “over achievers” notched up staggering gains, they each have fully disclosed their systems.
- Videos on how the champions make their trades
- Detailed descriptions of the method or system that each champion uses
- A lively member’s forum, where members discuss and improve where they can on any system together
- Interviews with the champions and other veteran traders
- Live trading webinars hosted by champions and veteran traders and suitable for newbie’s and advanced traders alike
- An exclusive library of learning material, videos and more
- Access to EAs not found anywhere else, that have been exclusively developed for use of member’s only by in-house expert programmers
- A community of like- minded traders who assist and learn from each other every day
http://www.surefireforextradingchallenge.com/
Here’s a recap of the leaked information that started tongues wagging and astonished everybody:
# Banned System Video
An insider cracks it into the top twenty and then went on to reveal his method that is so staggeringly easy, yet hit the bulls-eye and landed him a top spot.
# 1,306.50% PM System
A recent Trading Challenge winner revealed how he made 1306.50% in just 1 Month. He proved, yet again, that a successful trading system needn’t be complicated.
# Live Trading
A SureFire Trading Champion on 3 consecutive challenges, showed why he was able to do it. He is caught on video as he sets out to tame the markets.
# Secret Of Trading
Master Webinar host Ty Young, on display as he mentors member’s in a one of his many Live trading sessions. Some of these can last between 8 to 16 hours!
# The Master
A powerful interview with veteran trader Alan ‘Pipsqueak’ DeWett, as he gave his whole system away. This is the same system that he bagged $50,000.00 with last year alone!
# The Wall of winners
Portions of interviews, with every champion trader, provided valuable insight into their thoughts and perspectives.
Its all up for grabs…9AM EST. One more thing before I go…
Mark is only allowing a small group of new traders in. He has shut the doors to new applicants before and is set to do it again as soon as you and a few select others join him and his team. He could close the doors anytime. He does this to keep support for
each member at the highest level possible and maintain exclusivity.
With a site this valuable, not just anybody gets the nod, so now is YOUR chance to take your trading to the highest level.
http://www.surefireforextradingchallenge.com/
Make sure you don’t pass up this chance!
All the best
Alan
P.S. This site is GOLD. What the members are exposed to here you just can’t find anywhere else. This is the rarest of invitations to get in and rub shoulders with the best of the best. Join up- Join the best:
http://www.surefireforextradingchallenge.com/
=================================================
Information, charts or examples contained in this
email is for illustration and educational purposes
only. It should not be considered as advice or an
endorsement to purchase or sell any security or
financial instrument. We do not and cannot give
investment advice. On certain occasions we have a
material link to the product or service mentioned in
the email. This may be in the form of compensation
or remuneration.
=================================================
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Euro; the Worst Is Yet To Come
By: Sol Palha, Tactical Investor
If the thunder is not loud, the peasant forgets to cross himself.
Russian proverb
I think it is a given that Greece will have to default, everyone knows this, but they are just playing cat and mouse for now. Most Greeks are dead set against the new Austerity measures and they will likely throw this government out of power for the new changes they have instilled. The next government will cater to the people’s needs for fear of receiving the same treatment. Change is not wanted in Greece. The only way to fix this problem is if the nation as a whole understands that they have to go through a painful period of cuts, but as evidenced from the past riots this is not the case. The story below further substantiates our claims.
Greek unions announced on Wednesday that they would stage a 24-hour nationwide strike on May 20, the second major protest against tough austerity measures pledged in exchange for billions of euros in aid. The main public and private sector led a 50,000-strong march a week ago in which hundreds of angry Greeks fought pitched battles with police in the streets of central Athens and three people were killed in a petrol bomb attack on a local bank.
They are due to march in the capital on Wednesday from 6 p.m. (1500 GMT), in a rally which will give indications about the public mood before the big walkout next week. Investors are closely watching public reaction to government wage and pension cuts amid concerns broader unrest could hit Prime Minister George Papandreou’s resolve in pushing them through. New figures published on Wednesday showed Greece’s economy contracted 0.8 percent in the first quarter compared to the last three months of 2009.
The austerity measures, pledged in return for 110 billion euros ($139.7 billion) in emergency aid from the European Union and International Monetary Fund, are expected to keep the economy in recession through 2011.”The IMF will not stop thirsting for workers’ blood,” said Yannis Panagopoulos, chairman of Greece’s main private sector labor union GSEE. “Its recipes are a disaster and the government must turn them down.”
The country’s socialist government on Monday unveiled a draft law to raise the average retirement age and cuts benefits, which further angered unions already opposed to previous steps including public wage cuts and tax hikes. Full story
Adding to the host of problems is the fact that Greece is now officially in a recession. Painful cuts have to be implemented and maintained or Greece will default. Sometimes markets should be allowed to settle matters, intervention only delays the inevitable. Our stance has been that the Euro is going to trade down to the 115 ranges and could possibly trade down to the 110 ranges. The massive 1 trillion Package had no lasting impact on the Euro, after mounting a brief rally, the Euro crumbled and is now on its way to putting in another series of new lows.
Spain’s new austerity measures, too little too late
Prime Minister Jose Luis Rodriguez Zapatero said Madrid would slash civil service pay by 5 percent this year, freeze it in 2011, cut investment spending and pensions and axe 13,000 public sector jobs in a drive to meet EU deficit targets. “We have to make a singular, exceptional and extraordinary effort to reduce our public deficit and we have to do it when the economy is starting to recover,” he told parliament. The announcement came two days after euro zone governments, the European Central Bank and the IMF agreed on a $1 trillion (674 billion pound) rescue package to stabilise the euro in exchange for pledges by highly indebted countries to pare down their deficits. Full story
We think this is action is a little late as Spain had ample time to address these difficult changes, but instead decided to sit on its fat rear and do nothing. The current recommendations are just too little to produce any meaningful change. Unofficially the employment rate is well past 20%, the housing sector has crashed, fiscal debt is roughly 112% of GDP and Rising and estimates put private debt between 160-180% of GDP. Thus unless they put forth some bone crushing changes, the odds are that Spain will be joining the Greeks sooner than later. Furthermore, this 1 trillion euro aid package is more of a band aid than a fix because the nations that are spending beyond their means are still doing so. Nothing has changed other than the day of reckoning.
Financial markets are showing they have their doubts, with markets in Europe and Asian drifting lower Wednesday after Monday’s initial euphoria over the initial 750 billion euro package announced by European Union officials over the weekend.”Is the package big enough?” asked Paul Lambert, the current director of currency and macro strategies at Polar Capital who’s also held roles at Deutsche Asset Management, UBS, Citibank and the Bank of England. “That depends on the success of the debt consolidation in the periphery [and] whether they’re ultimately able to have falling real wages so that they can come back in line with the core.”
Much criticism has been lobbed at places such as Greece for high public sector wages, which will now be brought down sharply by the government as part of the agreement for its bailout package. That’s also been one of the key reasons Greeks have taken to the streets over weeks that have turned violent at times. On Wednesday, Spain announced a plan to reduce public wages 5% this year and freeze them in 2011 while suspending a pension hike. The moves come as the government there fears being dragged into a situation similar to Greece’s.
“I’ve observed that if any country in the emerging markets had been offered a loan package like the Greeks were offered before they got the eventual loan package they got, people wouldn’t have been rioting on the streets, they would have been saying thank you,” said Lambert at a Morningstar Investment Conference in London.
“The fact they’re rioting on the streets means ultimately there may not be the ability of the Greeks to see a 20% fall in real wages,” he said. Full Story
Yeah we would like to see how long individuals are willing to keep quiet once the government starts to cut their salaries, increase taxes and cut benefits. People used to the good life do not take kindly to such measures, they are going to get rid of the existing government, (Greece is the lead candidate for such a move) and replace it with one that is more sympathetic to their cause. The only way to solve this is by the properly (instead of the miserably program called shock and awe, more like shock and shake) is for the Euro zone to set an example. They need to let one country default; this will send a strong message to the others that if they don’t wake up, a sledge hammer is going to fall right on their heads and snap them out of their coma.
In the short term this is a very painful strategy, but long term this would be very beneficial to the Euro, as it would give it credibility and make it a true front runner as a challenger to the US dollar. Investor will have more faith in a nation that is willing to take strong measures to protect its currency. While these brain surgeons run around trying to figure out what is the best approach, make sure you have some of your money parked in Bullion (Gold, Silver, Palladium and or Platinum). In troubled times the best hedge way to protect oneself is via precious metals.
The enemy of my enemy is my friend.
Arabian Proverb
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Europe WANTS a Lower Euro
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The euro is in devaluation mode … in a sharp 17 percent decline against the dollar over the past five months. And I’ve written extensively on why, and why it still has further to go.
Now I believe a covert policy decision has been made by the European Central Bank (ECB) to use currency devaluation as a tool for the European monetary union (Emu) to survive.
Of course, each individual country within the Emu doesn’t have the luxury of devaluing their currency when times are tough. They’re locked into a monetary union of sixteen countries. And monetary and currency policy decisions are made by the ECB.
That puts countries like Portugal, Ireland, Italy, Greece and Spain (the PIIGS) at a competitive disadvantage when trying to salvage themselves from debt burdens and feeble economic activity.
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| The Emu will do whatever is necessary to save the floundering euro. |
But now, it’s becoming evident that the Emu as a whole is prepared to take such drastic measures to keep the euro intact!
I think we’ll find that the ECB will aggressively reverse course on exiting from the emergency monetary policies they put in place to deal with the financial crisis of 2008 … returning to emergency mode, and in a big way. They’ll likely be forced to openly buy up the government debt of the weak economies to keep them breathing — i.e. print money, and a lot of it.
The plan requires that Germany, the core of the euro, participate in serving the interests of the lowest common denominator in Europe: The PIIGS. Of course, they’ve already done so by agreeing to provide bailout funds to Greece. But the next moves in the playbook will likely drag Germany headlong into it.
Germany: Swimming with the Fishes
Germany is the biggest, most robust country in the euro zone. It was among the first major economies to emerge from recession. Its economy is expected to grow by 1.5 percent this year, and 1.8 percent next year. So things are going relatively well for the Germans following the harsh recession.
Why, then, would Germany agree to be dragged down by the weak and expose themselves to potential inflation problems in the process? Why not just hit the eject button and remove themselves from the euro?
Here in a nutshell lies the problem: Germany has a lot to lose if other euro countries end up in shambles. It’s exposed on two fronts …
First, Germany is on the hook for $668 billion in PIIGS sovereign debt. Not to mention the fresh $30 billion they’ve agreed to give Greece.
A default, or worse, a string of defaults would be disastrous for German banks and European banks in general. European banks bought about half of the general government bond market last year.
And second, if these countries continue their downward spiral, Germany’s intra-Europe exports (10 percent of total exports) promise to dwindle with it.
So what does Germany gain from sacrificing for the weak?
For one, it averts the problems mentioned above. And two, it will enjoy a much weaker euro in the near future, thus providing a nice kicker for its exports outside of continental Europe.
ECB Already Taking the Plunge
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| ECB President Trichet would not discuss the euro’s value in his recent press conference. |
Europe, the IMF and the ECB demonstrated this week that it’s ready to go all out to keep monetary union intact. They announced a massive multi-year bailout for Greece. And perhaps in a bigger move, the ECB is now accepting Greek junk bonds for collateral — jeopardizing the credibility and independence of the central bank.
As I was watching the ECB press conference following its monetary policy meeting this week, central bank President Jean-Claude Trichet looked flustered and measured his words very carefully. And two things gave me a sense that they had a plan, which included a much weaker currency:
- He adamantly said a Greek default is “out of the question.”
- And a biggie … he ignored all questions about the value of the euro, despite its slippery slide!
The Swiss National Bank must have sensed something, too. This week it chose to back away from buying euros as an intervention tactic to curtail the strength of the Swiss franc. Perhaps, the SNB knows that gobbling up euros at current prices is a recipe for losing money.
In sum, financial crises and sovereign debt crises typically go hand in hand. As do sovereign debt crises and currency devaluations. So be prepared to see a continued decline in the euro and other global currencies … and more capital flowing into the U.S. dollar in search of a safe haven.
Regards,
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I Found a Forex LIVE Trading Room that did 1,000 Pips in February
You probably already know that 90% of Forex Traders do NOT profit consistently, or even close to it.
And if you can’t profit consistently in Forex, what’s the point of throwing your money away over and over again?
So, most people therefore eventually do one of two things:
A) Spend thousands for a “professional” trader to show them how to trade properly and still be clueless in the end.
OR
B) Buy junk ebooks, robots, and signal programs that prove to be worthless over and over again!
Needless to say, these bogus services all turn out to be junk. But what about all of the so-called Forex “pros” out there? Well, not very many of them will actually trade in-front of you everyday in a live Webinar…
However, this guy I recently found, is the real deal…
Mr. Colin Atkins started trading Forex about 10 years ago, and is now one of those mysterious 5% of hugely successful traders unlike the other 95% of us.
What he’s done, is created a LIVE trading room where members may log-in 5-days a week, 3-sessions daily and can simply watch him trade (a few trades per session, nice and simple) and duplicate what you see him doing. It’s truly simple stupid.
He averages around 60+ Pips a day (plus his long term trades he emails us) , and managed to do over 15,000 pips in the in these first 9 months of opening up the room! Yes, I know… Insane.
So really, anyone who can simply watch this guy trade can duplicate his winning trades!
No more “signals” or “systems” that never work for any of us. This guy is going to be in the same trades with you, and talking to you live. It doesn’t matter what your Forex experience is, you can finally achieve what you’ve been trying to do…
Stop wasting your money on junk, or thinking that one day you’re going to magically win all your trades.
You’re never going to achieve the results you want. You need to trade with a true professional… Become a professional trader by Colin’s next live trading session and start trading successfully the way you’ve always wanted to…
The link to his site is:
Good Trading!
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Your chance to be mentored in Forex by a 35+ year market veteran
It’s time for you to finally start making money in the Forex market.
Over the past week, trader Bill Poulos “spilled the beans” on
the top 4 problems his coaching students face with their Forex
trading…
-and then he showed 10,000+ regular folks just like you how to
solve those problems on a special “three-peat” online training
session.
As of this writing, 4,075 of those that attended his training
have already applied for more information on his brand new
“Forex Profit Accelerator Group Coaching Program”, which just
went live today…
-but the sobering reality is that there’s no way Bill can take
on that many new students, so if you have ANY interest in
finally becoming an Independent Master Forex Trader, you need to
move quickly.
——————————-
YES, 20 MINUTES OR LESS A NIGHT
——————————-
I’ve seen a LOT of Forex educational programs online, and here’s
what stands out about what Bill’s doing with this time-limited
program:
1. He has a totally unique twist on Forex trading that he
specifically designed for BUSY PEOPLE. Essentially, he shows you
how to treat the 24-hour Forex markets as “end of day”
markets… so you make all your trading decisions for the day in
20 minutes or less…
2. He’s giving you most of the benefits of 1-on-1 coaching
(which can cost $15,000… $20,000… or MORE) at a FRACTION of
that investment…
3. PLUS… he’s throwing in his time-tested Forex Profit
Accelerator home study course if you’re able to get into his
group coaching program before it closes…
All-in-all, it’s one of the most generous, solid Forex training
programs I’ve ever seen.
So if you want to:
* Quadruple your profit potential…
* Start with a $500 trading account…
* Trade in 20 minutes or less…
* Enjoy high-probability, lower-risk trades…
* Never have to suffer huge losses…
* and finally become an Independent Master Forex Trader…
…then check out the open enrollment letter Bill put together
for you:
http://www.smartforextraining.com/y/?i=773362&u=1&l=f91
If you think 2010 is YOUR YEAR for finally mastering Forex,
I hope you get into this program in time before it closes.
Good Trading!
p.s. I’ve seen this developer’s trading programs disappear in a
matter of days in the past, and it’s a near certainty it will
happen again… so IF YOU VALUE YOUR TIME, I really urge you to
check out his letter here, and then ask yourself how what he has
to say stacks up against how YOU currently trade:
http://www.smartforextraining.com/y/?i=773362&u=1&l=f91
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Free “end-of-day” Forex group coaching program
Dear Forex traders,
Here’s the scoop…
TOMORROW, on Monday, March 8th, 2010, the doors finally open to
35+ year market veteran Bill Poulos’s brand new “end-of-day”
Forex group coaching program.
As is par for the course with Bill’s releases, he’s limited the
number of new students he lets in to the program.
So to further help “weed out” the tire-kickers, Bill just
released a TON of extra Forex training materials that he put on
a special Member’s Website Preview for you.
Here are just a few of the goodies you’ll get on the preview
site, beginning TODAY:
** Preview access to his PIP FEEDER service where you can get
daily lists of the Forex pairs that have met his rigorous
trade alert criteria. In fact, these are Forex pairs that
have a high probability of entering into potentially
profitable positions any day now. He’ll eventually be
charging $197/mo for this service, but you can see a sneak
peek for a few days.
** The “Pip Vault”, which contains actual Forex trade example
“screen capture” videos, so you can see exactly how you
can trade in less then 20 minutes a night.
** Day-by-day “trade diaries” that show you the trading
decisions Bill has made each night on some really
great trades (you’ll also see a trade that’s not really going
anywhere yet, and how he manages that situation).
** Previews of the actual CD-ROMs that ship with the course so
you can see exactly the type of material that’s on them.
** and a TON more…
But don’t take my word for it. Go ahead and check it out now by
visiting the web page here now:
http://www.smartforextraining.com/y/?i=773362&u=1&l=f90
Your username is: readyto
Your password is: enroll
Good Trading!
p.s. This complimentary preview access will be expiring in a few
days, and likely taken offline, so I urge you to get in now
while you can if you have any interest learning how to
dramatically up your “pip potential” while saving hours a day at
the same time.
Get in here:
http://www.smartforextraining.com/y/?i=773362&u=1&l=f90
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The Forex Robot World Cup Launch
Some interesting stuff is happening in the commercial forex trading systems world. The Forex Robot World Cup – the biggest and most important Forex robot competition in the industry (or so its organizers claim) – is due to be launched today Feb 16 at 9:00AM EST. Thus average forex trading Joes like me and you can gain access to the hot-shot forex robots that won the competition.
From what I can gather there is a lot of buzz around their Fusion-V 1.1a robot which according to their sales page produced a return of 355.46% in just 19 days. They do backup that claim with a real money FXCM trading account performance statement which can be seen at the very top of their sales page.
Price wise access to this (and other future) hotshot forex robot will set you back exactly $999 USD. Is it worth it? Hmm, good question. I’ll refrain from passing judgment until I get my own copy and put it to the test.
If you’re feeling adventurous I suggest you visit the Forex Robot World Cup homepage to either find out more or to purchase membership.
As always I’ll make sure I keep you all up-to-date regarding my performance testing once I get my own copy.
I wish you all happy and profitable trading!
Cheers,
Alan
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Fed’s Currency Swap Lines: A BIG deal for the Dollar
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The Fed met this week on monetary policy. It was a bit of a snoozer. What wasn’t a snoozer, however, was what they’ve included in their recent monetary policy statements regarding currencies.
Most market participants have been entranced by the Fed’s language about their target interest rates …
Will they say they’ll keep rates low for an “extended period” or not?
But the real story was buried in the last paragraph of the December Fed statement and reiterated in their latest statement.
Here’s what it said …
“The Federal Reserve will also be working with its central bank counterparties to close its temporary liquidity swap arrangements by February 1.”
Following the Fed’s statement this week, there was a coordinated release of comments from the European Central Bank, the Bank of England and the Swiss National Bank confirming that the swap lines were no longer needed.
For the currency markets, this is a big deal. Yet, few have thought the juicy details of the Fed’s plans on currency swaps are of interest.
But I do. I suspected it was a game changer for the dollar when I was studying the statement last December. And so far, the price action in the currency markets is confirming that.
Here’s a bit of background …
In September and October of 2008, the Fed announced that it would be opening temporary currency swap lines with central banks around the world in fixed amounts through April of 2009. As that expiry date neared, the Fed extended the period to October, and then extended it again until February of this year.
Here’s what that means: The Fed agreed to give foreign central banks U.S. dollars at a determined exchange rate for the currency of the respective foreign counterpart. And when the swap ends, the two central banks simply repay the same quantity of currency back. There’s no exchange rate risk and no impact on the demand for currency in the open market.
Why Did the Fed Offer Dollars to the Rest of the World?
When the credit crisis was at its peak, banks around the world were hesitant to do any short-term lending with other banks. As a result foreign bank-to-bank lending rates for dollars, the world’s primary business currency, shot up. That restricted access to dollar borrowing and pushed a lot of consumer interest rates higher in the U.S. and abroad.
By providing these currency swaps with other central banks, the Fed helped to inject dollar liquidity into banks around the world. And it was well needed.
In short, it was good for the global financial system because it helped reduce the fear premium that was causing market interest rates to soar.
You can see this clearly in the chart below. In panel A, while the Fed and other central banks were cutting benchmark interest rates to the bone (the white line), the Libor rate (the orange line), or the rates at which banks make short term loans between themselves, was going in the opposite direction.
Subsequently, when the dollar swap lines were rolled out, you can see in panel B how this divergence was reversed.
The Implication for Currencies
Most importantly for currencies, what these currency swaps did was increase the supply of U.S. dollars in the global markets — a negative drag on the value of the dollar.
So with the Fed announcing that it will close its currency swap lines with foreign central banks by February 1, the unlimited access to dollars by foreign central banks has come to an end.
This development is easily a positive for the dollar.
Let’s take a look at the timeline of these developments and the respective performance of the dollar …
As you can see from the chart, following the Fed announcement that the swap lines would be extended through October, the dollar has gone through a period of decline. Since December, when the Fed announced these facilities would be ending in a little more than a month’s time, the dollar has been on the rise.
When they opened these massive swap lines in late 2008, the goal was to alleviate the dollar liquidity crunch at banks around the world. However, in the process they increased the supply of dollars around the globe — a negative consequence for the value of the dollar. But now that these lines will be closed, it’s clearly a dollar-positive development.
And with the weight of evidence leaning in favor of the dollar at this stage, as I laid out here in my article last week, this latest announcement by the Fed provides more reason to believe in this dollar rally.
Regards,
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Can A Forex Robot Beat 2,000% Per Year?
Hi.
This is probably one of the (if not THE) most important forex related post I will make for quite some time to come…
Pay close attention!
Forex Megadroid… the most accurate, consistent and profitable robot on the market is soon increasing its price (in my opinion, they should have done it a long time ago!)
For almost 10 months, the robot has been the #1 best selling robot on the market (since its launch on March 30th, 2009).
As we both know… you don’t get to be the #1 selling robot for so long just because of good marketing… you stay on the TOP only if you are good!
And good doesn’t even begin to describe Forex Megadroid…
As far as I know, this is the ONLY robot that for the past 10 months has been tracking its performance on a DAILY basis on their website.
You can see what I mean here:
By the way… when they launched almost 10 months ago, they set a performance objective for 2009.
That objective was 1,000% net profjt.
How much did they actually achieve (updated on a daily basis on their website throughout 2009)?
Well… how about OVER 2,400%!
You can see past trade-by-trade results on their website and remember, those trade results were updated on a daily basis since the site went live… no marketing gimmicks, no B.S. for almost 10 months!
And yes, results still are (and ALWAYS will be) tracked and presented on their website on a daily basis:
Ohhh… by the way, you have GOT to see their new proof (on page 5)… that is a true “never done before” on the Internet case study!
What is this new proof all about?
Well… simple and to the point: a trader has been using Forex Megadroid consistently since April 30th, 2009 (still is and will be for a very long time to come!)…
Now, this guy has proven once and for all that it’s all about sticking to what is good and not jumping from one bot to another.
Not only has every single month been profitable for him… but his equity curve is like nothing I have ever seen in the past!
You can check it out here:
All the best,
Alan
P.S. Remember – Forex Megadroid’s price is going UP to $149 in a few hours… this is the best robot on the market – hands down, so make sure to grab one while you can still get it at the current totally bargain price.
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