Not to shabby really. Two full weeks without a trade alert posted, and Monday the Nikkei closes down some -450 points. I hope you got the tweet. Of the 13 pairs suggested I think maybe “one” didn’t move directly into profit within the first few hours of trading.
A wonderful entry sure, but in this day and age you can’t just rely on that. Would it shock me to see the entire move 100% completely retraced by tomorrow afternoon? Not in the slightest.
Interesting to see, that of the “safe havens” outlined in a post a few days ago – ALL managed yo move higher as risk aversion took center stage. The U.S Dollar, Bonds, Yen and Gold all moving higher as suggested ( I hope you’ve taken something away here – a nice lil nugget found laying in the dirt.)
There’s been some talk that the “age-old correlation” between the price of gold and the value of the Australian Dollar has once again “found its way” as the Aussie continues to exhibit “some degree of strength” in a “risk off ” environment. Personally I’m not holding my breath as ( call me crazy but…) I’ve formulated some idea as “what the hell has been going on with Gold” and it doesn’t involve Australia.
Has anyone else considered that the Fed / U.S has actually been “allowing” China to buy gold on the cheap as a backroom / side deal / means to convert / smooth out the waters as opposed to seeing China dump USD as well as future bond purchases?
Makes perfect sense to me. China says “moving away from USD as well no need for more US denominated debt”, U.S has a heart attack and swings a deal to actually “give” China whatever remaining gold is available for the lowest price possible?
The more I think about – the more sense it makes.
You won’t tolerate our “money printing any longer” so…..please don’t drop the hammer on us just yet – “here’s all our gold reserves as well”.
Manipulation ( short selling in the paper market ) essentially giving China the means to buy gold on the cheap as opposed to more U.S denominated debt no?
I’m positive this has absolutely nothing to do with the Australian Dollar and caution that people are at least “open to the idea”. Call me a wack job……fair enough.
We’ll take it day by day but as it stands, all “short AUD” entries look fine here as of this morning
Gold will be gold, and I’m quite certain the Aussie will continue to find itself on its own “downward trajectory”.