This is getting ridiculous, and much like a small boy poking a stick into a hornet’s nest – The United States is getting close and closer to “taking the short end of that”.
I’d suggested some time ago that “if you don’t know what’s really going on in The Ukraine” – you should really take a closer look.
Behind the unfortunate disappearance of flight 370, and the never-ending daily coverage ( I swear..my CNN watch has it that this “must be” the single most important story on the face of the planet! ) sit headlines of much greater “global significance”.
The situation in The Ukraine is heating up – and heating up fast as Obama’s complete and total desperation reaches new levels.
- http://www.zerohedge.com/news/2014-04-07/russia-accuses-us-mercenaries-inciting-civil-war-ukraine
- http://www.zerohedge.com/news/2014-04-08/crackdown-begins-ukraine-launches-anti-terrorist-operations-eastern-ukraine-arrests-
Keep in mind that for the most part…..these areas/people of The Ukraine “want” to become part of Russia, so running out in the streets looking to “arrest and detain” these protestors can’t sit well with Mr. Putin.
Obama is pushing his luck here…and I have every bit of confidence that – Russia will not sit idle much longer.
Yeah I think Russia & China will surprise in the coming weeks – pulling the final trigger on something very large indeed…..
As of the Aud/Usd trade here I have a posted 8hr positive fire & will let MM run to close out the remaining 75% of this trade…. we are forming a large W in the Daily & Weekly which is looking more & more like it will play out – pending further set-ups in the lower TF would keep me in this trade longer then the 8hr positive fire MM move here…
Cheers Schmed,
Kong, the reason AUD NZD and other EM currencies are not coming down is because there is no risk-off in EM. Look at the ETF “EEM”. New highs today.
Cool Alex – nice observation. I’ve been watching EEM too.
I feel it’s because the U.S Dollar is also getting killed, and EEM only survives on weak USD.
For ones interest sake – watch EEM as U.S.D gains strength – suggesting that “funny money” invested abroad is quickly being repatriated “back into U.S.D”.
I don’t imagine EEM will break the 43 area, as I’ve pointed out in many charts over the past year.
Let’s watch it here closely and see if indeed higher USD will equate to EEM heading back down.
Great input man….and cool handle! “Alex The Red”! Cool!
not gonna just sit and watch the killing of my account ,, gonna hedge and scalp to take small profits to keep my balance going so that i can survive this madness and then get bk on my feet once this thing comes down ,,
damn why didnt i think of this before ,, -_-
I have been holding some PM’s lately but have weening myself off them and wonder Kong if you have held till now. Sorry might have missed a post of yours that would have indicated one way or another. But if you are wary of the AUD strength and aware of an impending decline I am wondering your thoughts on this provoking article and its coincidence with that possible decline. Perhaps also indicating a bounce for the dollar therein.
http://www.safehaven.com/article/33369/phase-iii-annihilation-in-the-precious-metals-marketsare-you-serious
Yup still lurking and enjoying your site.
Quickly as I’m here at the computer ( I’ll read the article here in a bit )
I’ve got plans to sell “everything” on the smallest bounce we see here in miners / gold in the coming days / week.
AUD lost its correlation to gold some time ago so I don’t even consider them in the same breath.
Gold will look for a “final wash” and yes it should correlate with a stronger USD.