Kong! Is USD going down? Kong! Is gold on the rocks?
Kong! Are my entire life’s savings going to wind up a smoldering pile of cinder if I don’t sell now??
Welcome my friends…….
This is what we call volatility.
Let’s face it…….this thing is a bloody mess no matter how you look at! There is no “rationalization” , no “justification” , no “orientation” – when you consider all facets ‘n factors.
We’ve got potential global war, the U.S debt ceiling, a new Fed chairman and a potentially “alien escorted comet” on track for Earth late 2013 ( please google this ) , along side elections in Germany, continued “question marks” over China’s real story……and ( if you can believe it ) a new dog living below me who’s “hell bent” on howling all hours of the day and night!
Volatility? Can anyone say volatility?
Can I get a “V” please?
There are no easy answers here. You get through these times as you’ve done in the past. You face it. You accept it…..you push through. We knew this year was going to be difficult, and now with the summer doldrums behind us guess what??
Things are about to get interesting………..real interesting.
Kong,
Great article as usual. But know that everything is under control except the dog! If you can’t sleep you can’t focus and trade at 100% – you may need more than a V, hehehe.
Keep up the good work – and I’m really looking forward to this week.
Deano.
Right on Deano.
I don’t sleep anyways…but this has now gone past ridiculous. I love animals and dogs in particular, and worried that this lil fellow was either sick or being mistreated – so called the “local authorities” this morning.
We’ll see what comes if it – short of me kidnapping it, or taking a round out of the owner. Either way – the gig is up within the next 24 hours.
A crazy week and likely month ahead work wise. I need to get this dog thing settled pronto.
Need V, E , G and whaever else I can wrangle!
Kong,
Yep sleep is overrated.
Well the first domino down for the week, Oz retail sales are crap again and a growing deficit means this latest short squeeze in the AUD is just about out of steam. At 2.30pm Ol Gov Glen will sprout on about nothing again and play a dead bat ensuring 0.9020 holds again for now, pending any fun later this week from the US data.
yeah….. looks like the ride is underway…. from a PM perspective just into the Asian sessions the Vol has been crazy…. one way or the other something is going to give here in the next 24hr to 48hr IMO….. Also I suspect we will have an answer to movement out East before the 9th….. could be wrong here but my gut is crying out here….. Some action will have to move in a shorter time periods then outlined…..
Many seem to be flip-flopping this weekend trying to read the tea-leaves relative to expected action which I suspect will drive many to the sidelines while the big boys are again allowed to enter positions before a more explosive directional more IMO
Cheers Schmed…..
Tell us more bout the Dog. Is he a sign of thing to come. Maybe we shout ask him on the next leg up or down. Lol hope you are well. Chris
I’ve not heard a sound here as of this morning so……perhaps they’ve “let him back inside” or maybe taken him somewhere else.
I’ll check on him again here in a bit!
Nice hearing from you man!