Good Morning, Friends. Many people, including some with many billions of Dollars at their command, own physical gold, and the ETF, GLD. The key argument for doing so is that the Fed, through it’s aggressive easing program, is creating the …
What Now?
May 16, 2013 By Leave a Comment
Good Evening, Friends. The tick, as reported on my platform, reached -1175 this afternoon, a pretty extreme reading that normally precedes a decent reversal. The E-minis did come a little higher, but it seems fair to describe the price action …
Time to Restrain that Yen for USD/JPY?
May 10, 2013 By Leave a Comment
USD/JPY has been a good long trade since it became Japanese government policy to prod the economy by weakening the local currency. It’s pretty tough for a government and central bank to strengthen a currency, but it’s usually possible to …
A Surprise From the RBA Brings Aussie Lower
May 7, 2013 By Leave a Comment
Good Morning, Friends. Central banks have the power to influence the direction of their currencies, but it’s much easier, in most cases, to weaken the local variety than it is to strengthen it. The Australian Dollar was trading within shouting …
Draghi Smacks the Euro
May 6, 2013 By 2 Comments
Good Morning, Friends. Those who are short EUR/USD, which has been in a relatively narrow 1.2950/1.3250 range for the past couple of weeks, got some assistance this morning as ECB President Draghi observed during a speech in Rome that he …
Is a GLD Short Glittering? How About the Euro?
May 2, 2013 By Leave a Comment
Good Afternoon, Friends. It was noted this morning prior to the opening that Gold futures were having a nice push higher, which prompted me to take a look at the daily charts, first of the contract, and then of the …
More of Them AAPLs
April 30, 2013 By 2 Comments
Good Morning, Friends. I’ve paid attention to Apple since the advent of the Mac in 1984, and to AAPL since, I don’t know, 1997 or so. I’m only sporadically involved, generally from the long side, but a look at the …
“That’s Why We Don’t Call It Money Harvesting”
April 26, 2013 By Leave a Comment
“They call it trading, not money harvesting” is the battle cry of a friend of mine, and of course he’s correct. Unfortunately, having a reasonable investment thesis and a well-executed trade only guarantees a chance to make money. Which is …
A Data Surprise Generates a Potential Opportunity in GBP/USD
April 25, 2013 By Leave a Comment
Some unexpectedly good news from the UK economy – good news from that quarter is generally unexpected in these troubled times – had the corollary effect of catching a number of traders and investors uncomfortably short of Cable (GBP/USD). When …
