Yestersday made good call but bad decision was made during the day ..
Which result some short term lose today .... so just miss opportunity for dip buying althought yestersday was not big position entry ...
Anyway, I will start accumulate gold and will look for opportunity today or next trading session on Monday..
After, a run up in-stock it should be in condoildation period for the next three session with mild correction ...
dollar should be get some rebound ... but this should be short leaves...
Might re-enter short on treasury short again ... looking for the right timing ..
I will be back to extend commentary
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Good morning, Pred
ReplyDeleteyou said....
After, a run up in-stock it should be in condoildation period for the next three session with mild correction ...
How do you know that? What charts or signals show that there will be a consolidation and a mild correction? You are really good at this.
Also, if you have the time, would like to ask why you think there will be a big jump in corn and wheat.
BTW, I found a stock that I am going to research more today. Preliminary study shows Chinese company is selling for cash and receivables on their balance sheet and its profitable. Will update later.
hi preditor
ReplyDeletealso looking for some gold..
difficould to get best price...
lot depends like always on euro/dollar..
if 1,485 trendline holds gold could manage staying above trendchannel around 1047
if 1,4850 breaks i try to buy around 1035 like anthony said yesterday
worst case would be touching final trendline around 1020 therefor a really bigger dollar rally needed 1,4700
Allen ..
ReplyDeleteI have to see ... I don't think 147.00 will not touch ... it really make no sense to me for the dollar to rally, rebound yes ...but I seriouslly doubt rally ..
Anyway 1042 for gold will be my first entry
hm maybe i use sometimes wrong vocabular, english isnt my natural language..
ReplyDeleteeuro dollar moved very fast very far, only mean some bounce back and retest of older trendlines iam not long dollar..
hm but pound i would call a rally, also a very weak funding currency,the pound rally could go easylie to euro/pound 0,90 trendline or 0,89 200mva there around iam looking for reversal signs..
Well look gold holding well even when dollar strength ....
ReplyDeleteI think weak dollar still intact ... with so many bad news from US economy ...
ReplyDeleteI will start to jump into gold faster Changing target
added silver @ 17.38
Adding Gold 1049
As usual, I bought stocks too early - yesterday.
ReplyDeleteHi Shirley,
ReplyDeleteI will piecing my idea on your question will share some of my thinking in this blog later on
Hi Pred,
ReplyDeleteBought gold - RBY @ 4.60 and TLR @ 1.30.
Also, JADE (gold jewelry) @ $3.30
I'm done for the week.
Good trading for all. :)
hm after hearing gleithner speaking..
ReplyDeletehttp://www.cnbc.com/id/15840232?video=1296939408&play=1
really have to control myself not starting some short dollar/euro stuff again..bought goldmining etf
oil doing great, corn seems 200mva is strong enough support..
Oil ... is dong well :)
ReplyDeletemanage to jump in before the spike in the price in yesterday trading .. ..
I hope this Gold will do the magic too ...
Wheat and corn is accumulating well ... about 10% again now, more is to come ..
ReplyDeleteAllen,
ReplyDeleteI have listen to the link ...
the talk is nice but the action is the real juice ... I don't see how USA can reduce deficit with strong dollar ... it is quite conflict ...
they need somehow a weak dollar, but cannot say the need him..as soon as u admit to that policy all blown out of the window.. the carrytraders and short dollar traders levrege eaven higher and dollar goes down much to fast..
ReplyDeletedifficould to say, they mast have calculated some point where the take some action, i dont mean raising rates very aggressive, but maybe playing some fear games..just letting another time someone fail...a new war ,or a random event could cause a reversal of that carrytrade and another time the dollar starts to rally big time.. schiff underestimatet that danger and got some big losses last jear..
like said that isnt shorting a 3world contrys currency down.. usa is still very powerfull,look allone at voting rights imf, and dangerous like a hurt animal..
Yeah at somepoint and from time to time, there will threaten signal along the way but trust me US do not want a strong dollar at least for the next 5 years ...
ReplyDeleteThe new power is in Asia, the world structure is changing slowly ....
another thing that brings memorys back in russland are now 600000 daytraders in china every week half a million opening their accounts..
ReplyDeletein past the markets have always somehow cured this excess..
Preditor1976:
ReplyDeleteSold half my DIA position at thursday's close, was suprised by the good finish to the stock market friday. Maybe in the next week (or so) we may get a pull back to buy. FXI is moving sideways, maybe rolling over.
Bob G