02-20-2014, 09:44 AM
Heard of the song Clarity? I have it play it here
OK, so what is Yellen thinking and QE ? Whatever she going to annouce after NFP results is going to have a rippling effect. I still recommend you read code red or end game which you can find here
My simple take is, QE Continuity is a must for the economy to stay afloat but tapering amount may vary from 10bln to lesser like tweaking a well oiled machine.
So what is on most people mind including myself especially the recent rup up in Gold? I remember a seasoned trader once said that rule of thumb is crude oil UP, Gold down. I don't really know the underlying technicalities but here are my take on the recent gain for Gold run up with the Stock market volitality and uncertainty, which started with the look at the recent EM markets. Next is the dollar weaking against other currencies and of course a safe haven for Gold as a physical asset which you can melt it and use it as jewellery or matrimony gift!
The stock market uncertainty spooks me and I asked my remisier and she said it was oversold when STI hit below support 2965 level 2 weeks ago and it rebounded especially pennies which lead me also to agree that most savvy investors would use Gold as a safe hedge. As long as NFP continues above 6.6 figure the QE will continue so dollar weakening will also continue. My friend Sir Richard sent me an article that Soros is now ready to short the market, read it here
![[Image: soros.jpg]](http://lucky.myftp.org:8181/pics/news/soros.jpg)
I am also told to look at trend and watch the movement and compare with last 3 months. I am not a technical charting expert but like all decisions I believe one should use tools and information to make informed decisions. Is this clarity enough?
OK, so what is Yellen thinking and QE ? Whatever she going to annouce after NFP results is going to have a rippling effect. I still recommend you read code red or end game which you can find here
My simple take is, QE Continuity is a must for the economy to stay afloat but tapering amount may vary from 10bln to lesser like tweaking a well oiled machine.
So what is on most people mind including myself especially the recent rup up in Gold? I remember a seasoned trader once said that rule of thumb is crude oil UP, Gold down. I don't really know the underlying technicalities but here are my take on the recent gain for Gold run up with the Stock market volitality and uncertainty, which started with the look at the recent EM markets. Next is the dollar weaking against other currencies and of course a safe haven for Gold as a physical asset which you can melt it and use it as jewellery or matrimony gift!
The stock market uncertainty spooks me and I asked my remisier and she said it was oversold when STI hit below support 2965 level 2 weeks ago and it rebounded especially pennies which lead me also to agree that most savvy investors would use Gold as a safe hedge. As long as NFP continues above 6.6 figure the QE will continue so dollar weakening will also continue. My friend Sir Richard sent me an article that Soros is now ready to short the market, read it here
I am also told to look at trend and watch the movement and compare with last 3 months. I am not a technical charting expert but like all decisions I believe one should use tools and information to make informed decisions. Is this clarity enough?