Today trichet pour some cool water on EURO, euro do not want to get strong and the Dollar does not want to gain in strength too ...
Everyone want currency to weak ... so the country can increase the export ... It seem like everyone want to export problem to other country .. :)
Today, I was abit nervous when trichet said the unfriendly for euro , I got some spook ... so I try to sell all my position ... but after deep condiferation.. I might be over excited ... anyway position have being made for oil and gold .. still have some mining stock will see ... what to do after the opening ..
Covered short @ 101.43, might re-enter short again.
If everyone want weak currency .. then something must get stronger ... while could be gold , silver and oil ? it great possible ... I will renter gold silverand oil on weakness or when signal to bullish on gold ..
Will post new position upon purchase ..
Good trade everyone
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will re-enter silver later today
ReplyDeleteLook like ... the market still want to rally ..
ReplyDeleteBut have to wait for clearer signal
ReplyDeleteI sold many stocks today because dollar is getting stronger and your opinion on timing is usually good. Had small losses to profits of up to 95%.
ReplyDeleteWhat will be your signal to re-enter silver or anything else?
I have dollar now and I hate that.
Thank you for this post. Your expertise is very much appreciated.
Adding some silver @ 17.60
ReplyDeleteI have start accumlating silver at weakness... look like 1050 gold is supporting ...
ReplyDeleteHey Pred,
ReplyDeletei'm still waiting to add more gold positions. Not today, bud. It may go down even lower. Euro forms a double top, measure the distance, that's the target. We're not there yet. My soybeans' breakeven stop got hit, waiting to reenter. Add more Coffee. Short N.Gas, still long on Oil, waiting to re enter to add more. I don't know which way Copper will go next month... v confusing. Enter long Live Cattle at 85.250
Anthony
shirley,
ReplyDeletecongrat to your position ...
I hope I can be 100% but sometime ... thing will not go as plan .
Look to re-enter gold ...
It is fuuny, enough trichet pour very cool water on Euro, the euro is regaining strength again ... will have to see..
ReplyDeleteWill add more silver and gold on weakness
ReplyDeleteI go over my above letter and I think I missed the treasury ...
ReplyDeleteCovered short treasury @ 101.43
hm that really doenst sound like he is going to raise rates in near future...read some funny thing. zimbabwe considering going back to gold standart..than the will really have hard times continue the succesfull fight against deflation..
ReplyDeletebought some corn, really like that chart..managed to break 200mva now a big support..
somethimes really hate myself, managed to buy this turbo at 7,5 than got scared sold at 8,5 now im buying it at more than 11 hehe
the oil holding out well too ...
ReplyDeletei will be abit more patient today ...before making next move
look like I miss my call oil and gold ... hmm ...
ReplyDeleteAllen ,
ReplyDeleteI am holding tight to corn and wheat .... I think there will be a great break out in the near future ...
Just found this link ...
ReplyDeleteWell look the trichet scream will not work ....
http://www.bloomberg.com/apps/news?pid=20601085&sid=ajZt2FfNclJA
I have bought back into a few stocks - HL @ 4.77; CMTP @ 9.05 and RINO @ 23.75.
ReplyDeleteHope I'm not too early.
So I think the dollar weakness will be intact ...
ReplyDeletewill add more position in silver gold and oil
adding gold @ 1055 and 1056
ReplyDeleteadding silver @ 17.70
did not manage add oil ..***
ReplyDeleteI will out of my coputer for a while ,,, I will update position later ..
ReplyDeleteGold can go all the way to 1000
ReplyDeleteAnthony
Have bought back into LLFH @ 5.92 and 6.00,
ReplyDeleteCHBT @ 16.32 and new stock, YONG @ 11.60. This is an Agriculture play.
Pred,
Why do you think grains are going to shoot higher? Do you think El Nino is going to cause more damage to crops? May I also ask your target. :)
Shierly,
ReplyDeletewhich Grain mkt are you talking about? Each has its own different situation
Anthony
Anthony,
ReplyDeletePreditor said he was holding his wheat and corn because he thought it would break out soon.
I am not buying on futures markets but I was thinking of buying more ag plays as a spin off of the trend.
Also, as a new topic, since oil is so high, Jim Rogers says that cotton is also a play on oil. I wonder if cotton would be a buy right now????
Shierly,
ReplyDeletelooks like CT still goin upward, near top, at 0.7200. I rather buy Feeder Cattle or Live Cattle now than buy CT. Soybeans still down, Corn down too. Silver & Gold looks down more, USD.JPY up, Crude Oil still up more, Wheat still up. I am waiting to add more Gold. May be Crude can go to $80
Anthony
Hey Pred,
ReplyDeleteDollar bounce up today. Do you believe this dollar upward? It looks damn real... USD.JPY very strong, breakout. I'm waiting to add more gold
Anthony
Anthony,
ReplyDeleteI do not know timing at all but I can tell you I talked with a cattle rancher this weekend and he said that the dairymen are selling their cows because they can't afford to keep them due to low milk prices. The number of cows being slaughtering in Central California is 1000 cows per day 7 days per week. That compares to the average of 200 cows per day normally slaughtered. It is going to mean a lot fewer cows producing milk in the future, especially if grain prices go up. Grain prices may cause another wave of cattle slaughtering. Come to think of it, milk prices may go up????
Pred,
ReplyDeletewhat is driving Crude Oil today? up so big? Oil up, how come gold go down? confusing.
Anthony
Shierly,
ReplyDeletei don't know about LC story... I only know looking at my charts. Here's the record, if you follow my indicators buy LC on these dates, should make a buck; 3/7/03,11/8/04,8/8/05,4/7/06,1/29/07,3/7/08,12/09/08,10/7/09; as you see, not many buy signals, but i think they're reliable. Grain go up, yes, but not in straight line; there're corrections too. For now, according to my charts, it's better to buy Crude Oil than to buy Gold & Silver. Feeder Cattle is also going up. Live Cattle has breakout today. The Fundamental news i read on the web still very bearish on Live Cattle. But usually when trend change, the news still bearish. Prices lead first. I don't know... if i right or wrong, i just following my charts. I bot LC, already in the green now.
I think the dollar weak trend is still ...
ReplyDeleteRe-enter oil @ 76.8 abit late but it still work well ..
I come a cross new on Norway and trichet , and then I weight between, trichet and Norges Bank governor Svein Gjedrem .
Trichet do the talk to brinng the Euro down but the Svein strike the mind of investor of the Dollar downward trend to.
-------
So Today oil really give me a hit that the gold and silver will follow up too ...
Today is turn ...
Gold is holding out well @ 1050 like I have aniticipated so I think it is still a buy from this level, so start accumulate at this level and buy more on dip
Anthony,
ReplyDeleteThe oil inventory cause the drive uo the price plus speculate fund and the weak dollar trend so there is three force behind the run up ...
Let see how the oil going to do tomorrow...
How about this one Preditor!?
ReplyDeleteToyoo Gyohtenn advisor to the japanese financial minister says that Japan and China should start coopaerate with the US to keep USD from devaluate because it would be in their interest since both countries keep so much of their reserves in USD.
Daniel
Hi Daniel,
ReplyDeleteThis not about US and Japan .. it is rebalance the world economy ... This will the greatest structure adjustment of our life time, so don't expect this to be a short term trend .. This will be a long term trend
The world cannot rebalance with strong dollar ... And USA will not able to handling the deficit with strong dollar ...
Apparrently the Treasury say strong dollar is in the interest of USA but he also say the chinses Yuan is undervalue ? This is conflict signal ..
Anyway .. Any dollar rebound will short leave ..
I am opening a new tread ....
ReplyDeleteBut will need to do updateing before posting .. will be back ..