Fancy stats? Was it the chart I posted or the fact that I said interest rates were at 2%? In any case, I think there are legs for a short term rally in the dollar so I can't say for sure if we'll be crossing the lows again in 6 months. I will bet on a longer term horizon though... (and this time...
I have to disagree here. The US dollar is an extremely flawed currency backed by a wreckless government that doesn't care about inflation. All this news that the FED will stop cutting rates at 2% is making the dollar stronger but the rates are still <b>way too low</b>. If we take 5% as the mean...
How low can the EUR/USD go? This move is really surprising to me, looked like it was on the cusp of breakout to the upside and it just plummeted.. anyone have anything insightful to add?
When gold hit 870 during the first huge wave down that last for 3 or 4 days, I deduced that it could be the start of elliot wave theory... correction and there was an a + b + c mini-correction on its way down from 1030 to 870. I thought there would be a stronger B correction with (a + b + c)...
This isn't equities but I've been shorting gold since April 1st and I'm up 84% on my account and I expect gold to continue to decline so should be over 100% soon...
I haven't been here long. But in general, I've found Landis to be rude, arrogant, condescending, and just plain annoying. Landis, like I've been saying for months, you really need to get laid.
congoboy!
Wow, I read your first post a couple months back I thought for sure you would go totally broke. What a ballsy play you made and it paid off. Congrats my friend!
if i were buying physical i would just go ahead and pick some up now but as a trader i'm going to be a little more patient since it breached support at 850 today.