I thought for a minute Wall st but they are on holiday right ? Is this what happens when the comex don't come out to play ?
Has broken support @ 1740 and 33.66 if it closes above those the then Weeeeeeeeeeeeeee! USD is coping a floggin. Looks like Maund was right again
http://www.clivemaund.com/article.php?art_id=67&PHPSESSID=89c7542025445fcbbd2484f7aef93212 http://www.clivemaund.com/article.php?art_id=68&PHPSESSID=89c7542025445fcbbd2484f7aef93212
if it break 78.30 on the dixie it will be fun. Bear in mind that debasement of the dollar is the aim so this is the plan. ECBs gonna be pissed... time to give Greece another wobble
Be Aware! Options expiry on Tuesday... expect some attempt to lessen the damage. I would protect my self by hedging or taking a little profit and going long post options expiry IMHO I expect a break near April... IF it lasts that long. Has the benefit of the moment of being the best of the worst
It's a cyclic banksters/govt play, if the dollar gets too weak, dump the euroside of the market, if the euro gets too weak, dump the dollarside of the market. Mid august the euro came from a multiyears low, and they won't allow it to weak again till there, so they dump dollar derivatives (and buy precious metal derivatives, according to the scheme they try to make us believe so that we would copy them. I won't.
Silver and gold down ~50% from this break out highs... will see support @1735 and 33.66 hopefully. Was expecting to see this decline yesterday.... oh well thems the cards
24 hours out is not too bad of a call...End of month Friday...Could be an interesting night. Regards Errol 43