John Pitera's Market Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Patrick Slevin who wrote (12625)	5/16/2010 6:36:43 AM
From: John Pitera	Read Replies (1) of 33421

Hey Patrick, great response. I agree with all of your points. There continue to be deflationary events occurring. Look at the AUD/$ short rates are 425 basis points higher in Australia than here thus you get a positive carry every day and it's considered a commodity currency, and it's been under selling pressure as the EUR's survival as a major currency is questioned. Purchasing price parity for the EUR/USD is said to be about 1.10. Jim Rodgers was commenting this past week that he'd be reluctant to buy Gold at a new all time high. Although he would not be selling. I guess it's the turtle traders who are buying the break out!! John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next