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When I was a kid, no one talked about the stock market. There was no CNBC, no index futures, and like two mutual funds. And there was an ongoing bear market that lasted for years and years. Now we have the opposite. I wonder if, if we do stay flat for years to come, do we get back to something...

Wow. I was aware of the stuff Mav was just talking about, but I definitely feel like I've been schooled. Strong words.In a good way. I can attest to the noise in TBT, having been in it awhile back when a well known bond guru was pounding the table saying interest rates were going to rise soon...

Seems like everything is trading off of the yen.

Yes. Taking heat now. Still I don't think the panic is done. Just a pause. GBP continuing to strengthen against a slightly stronger USD.

Short RE?

Back on the gas. Long euro aud Cad. Leaving Jpy alone for now. Aud appears to have broken out above .7680 for now. Euro 111.20 I'm long from .10. Cad had a long, long consolidation. Short USD/ Cad from 1.3386.

Haha that's funny. Just checked Australia after writing previous paragraph. It just dropped 35 points, taking me out. Case in point. Luckily i had raised the stop a bit when it crossed .7670.

Out of all my currency longs except a tiny long aud. Getting a little frothy, and they will probably run further, but I'm up really really good on the week and I don't want to give much back. The same people who were long dollars late last week are the same ones who are going to start chasing...

Gotta get better at posting beforehand. Helps keep me disciplined. Actually I was trying to sit on my hands but when yen broke OR I had to take it.

All of my gains last night came from riding USD/Jpy hard down. I was long Swiss too but gave it back in the chop after 5am est. I sold yen too soon, but that's trading.

Market seems to be discounting that possibility. Doesn't mean he will win, it's just that it looked like he had no chance a month ago. Also, I'm beginning to suspect that the bond market may be the underlying cause. But there may be no correlation. Also , I would add that the Chinese economy...

Oh I see. You see Aussie as being linked to gold. I see Aussie as being linked to China, with gold more of a derivative, subject to more factors. Btw do you have any info on iron ore demand?

Yes I watch it. I just don't see it as a pure play on China. Neither is Aussie. It seems more like a buy and hold.

As far as currencies go, I have watched and watched as the Australian dollar has struggled to go down, then as soon as there is any news or pressure to the upside it shoots up. Hmm. PMI, coal, copper. Aussie?

For the adventurous there are some junky little coal companies out there that might actually make money if there is continuing demand.

Wonder how much of that is linked to strength in China. I noticed that the PMI was up. How much of our coal now goes to export? Probably much more than before.

Buy Kentucky RE.

Expecting chop out of USD as we near election. I have it scored as any whiff of a Trump win, you get dollar weakness. But I say that with respect for the ongoing trend. Euro at 1.1050 kinda seems like no man's land.

Trying to think of the opposite pressure. What benefits from a steepening curve? Banks and insurance if they aren't net long Treasuries. May have to let the smoke clear on that one.

I'm in agreeance wit dat. I was flat by 730 am . Sold out of Aussie on the push above 50 last night, luckily had a limit on GBP above .60, and thought the Euro would at least stall at 1.10. So I missed the rest of the move. Still a big big nite and I refuse to give a penny back. Watching copper...