Prfoessor Dotcomm,
You say not even weekly or monthly trade and I said absoultely no daytrading. If these are the cases, we all should quit and go to south Pacific Resort and enjoy the entire different setting.
Having said that, one wants to make money one gets to be able to foretell or discern what interplays in the market place. Indentify the factors that contributing this kind of market disturbance etc...
For example, this gold market recently follows that mighty us dollar on the opposite direction. It goes along with that Aussie dollar, Euro dollar, Swiss Franc, Japan Yen, and even Canadian Dollar.
Today BLS announced that UNP + NFParool numbers. It was much higher than market would expected. Then That Allan's view on that tight labor market and risk of inflation theme came back to the market place--i.e. tighten bias still very alive.
Therefore, us dollar got booted it up all other currency got shut down again, gold of cuz went down so did XAU.
Dow and Nasdaq got slaughter dow once down to -202 Nsdaq -170, xau down to 46 level.
And this trend appears not even over very soon yet.
The funny part in this market of gold and xau is that Alan and his company see through the risk of inflation and adopted that tighten bias but gold as a hedge again inflation did not see any risk of inflation. Go figure.
It is obvios to me that either Alan was dead wrong or the gold market and XAU were dead wrong. Go figure, too.
Also, other commodity like CRB index has moved from that 172 to 230 and gold still falls very brhind. Go figure, also.
John Paquet |
