Global Macro Trading Journal

Quote from Butterball:

The Brits are doing the right thing by burning bridges with the EU and the EURO. The outcry in Germany and France is big as some lower-rank eggheads are demanding the UK now has to consider leaving the Euro zone -- as if trying to threaten the Brits.

Is Switzerland doing so badly outside of the EURO and EU? What about Norway? Hilarious.
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Switzerland is doing fine outside the Euro. Norway is doing fine outside the Euro.

The UK is doing poorly outside the Euro.

Would they do better inside the Euro? Very much doubt it.

But I guess now both sides are happy.

The British politicians can play the public how they will not bow down to Brussels, making the people forget about the terrible numbers of their own.

The Europeaners can go to the public and say if you don't want to save the Euro like the Brits get out of the way, making the public forget about the ongoing mess.
 
Quote from masterm1ne:

Not very hard to explain gold if you think about it. Remember how most volume is automated? I'm sure there are bots out there that attempt to recognize and short breaks lower in price.... I use this method myself and can see if you are in the zone, you can make fantastic money.
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I am not sure its so simple. There are many bots that trade on correlation also -> +ve correlation with dollar and risk. So, dollar going up, equity going down -> gold going up.

The only logical way i can explain gold's fall in price is either
(i) some 'big' liquidation going on in the market OR,
(ii) gold traders are being pre-emptive in their response - if this is the case, then it means that we 'might' see a very sharp fall in equity indices and other risk assets sometime this week, and correspondingly forced liquidation. This explanation assumes that gold traders are smarter and are a great signal to track broader market. OR
(iii) Paulson is liquidation - his fund is going under ....:D
 
Quote from Specterx:

As long as the fundamentals for gold remain in place, just think of every decline as a gift....
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Yes, I am a gold bull, every decline is a gift!

Till the time money printing, debasing of ccy is going on, gold will remain in a bull market. These are multi-decade phenomena, gold might surely suffer a couple of down years, but over the next 10 years gold should be a good asset to hold, especially as a protection of your wealth against the emerging markets (india, china) demand for raw/industrial material. Its a no-brainer trade.
 
Bought E.ON and RWE this morning. Time to go to sleep for the next 15 years. These companies will compound their owners' investments by 12-15% annually during that time.
 
Quote from ralph00:

Bought E.ON and RWE this morning. Time to go to sleep for the next 15 years. These companies will compound their owners' investments by 12-15% annually during that time.
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Have you looked at GSZ?
 
Quote from Debaser82:


The British politicians can play the public how they will not bow down to Brussels, making the people forget about the terrible numbers of their own.
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What terrible numbers are you talking about?
GDP is positive and the government funds itself at 2% over 10yr.
It's not so bad compared to the EZ. Viable businesses can survive.
 
Quote from gmst:

Just something to keep in back of mind. China.

Apart from that, I don't understand why is euro so strong? With this outcome from summit, it should have been down 300 pips, its down only 150!!

Edit: Different topic, but hard to explain Gold's fall.
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Finally, euro is getting killed....I have been waiting for it so long!!
 
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