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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (29288)7/16/2010 6:33:31 AM
From: RockyBalboa  Read Replies (1) | Respond to of 71445
 
Yes. The dollar weakened quickly to far beyond 83 but this could be a sham operation. My other idea is reinforced: even with swiss, yen way up - gold does not move at all, it acts like a dying swan. OF course, congestions are the most difficult situations. It could violate its 1200 border in a hush, or it acts like a coiled spring...
coming and going of gold OV perhaps tells us about timing.

Today is interesting with the EUR gaining against all others, and otherwise currencies weakening to the dollar - see Cad, pound, aud. We get another turn?



To: ggersh who wrote (29288)7/16/2010 8:58:41 AM
From: RockyBalboa  Read Replies (1) | Respond to of 71445
 
Gold down

Adding to GS short 151,

again this is one of the silliest moves in a stock since Sept 08. GS more and more resembles Drexel-Burnham-Lambert except that they have a better defense.

Shorting EUR with a 1.3010 stop, they took knockouts at 1.30 but if it is not maintained a correction is due.


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