2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 382.87

-0.8%

Nov 13 4:00 PM EST

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To: TobagoJack who wrote (79412)	9/12/2011 10:01:11 PM
From: 2MAR$	of 217754

So Jim Rogers was saying he was long the USD now as Euro has its "watershed moment" while the argument that the USD is attractive because the alternatives are even worse has its limitations too. He's saying Greece should just go BK and reorganize & everyone just take their licks . It wont be pretty (like today/week /?) but the Euro at least rises out of the ashes running a tighter ship ...he will be buying the Euro on dip http://www.businessinsider.com/jim-rogers-buy-all-the-euros-you-can-if-greece-defaults-2011-9 Today things got the bounce as they made another stand off of 1140, no matter how bad the news they're fighting to hold this level after 1100/1120 test and Banks holding up for the moment today seems this lower trading range is established from 1120-1220. $ Gold in similar state of consolidation anticipating a fall in equities that ended up not coming , buying the DIP early today was the good trade on the Stock Index but tested hard & whipped all day ...a close back up to 1160 eod establishes the lower trading range . $GOLD settled right back on the 20ma at $1823 area with that equitie bounce which so far has held . (The last part of the day the stock rise was propelled by some talk of China helping with Italy debt) If not short the Euro now from that top high @ $1.45 it pulled back from all summer , then preparing to go long at some point is the next trade, to buy the dip ...now where is that bottom...but did get a small oversold bounce today .

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