Thread: Discuss Commodities and Stock Market Indices

why isn't gold crashing while risk is selling across the board and dxy rallying like there's no tomorrow? i'm puzzled :S

Thank you skibunny..

wish you a good trade

Originally Posted by SkiBunny

I will defer to an expert for those details on Gold, the Dollar (it is not time yet for its demise), Europe (whose time is almost up) and the expectations for Asia in Gold and finance.

If you do not already read Martin Armstrong, I think you should. He developed timing models using fractals and cyclical analysis - the Economic Confidence Model - that have had stunning accuracy in pinpointing changes in the global economy. His firm rose to be the largest multinational corporate advisor in the world during its time in the 1980s and 90s (larger than Goldman Sachs). He was sought out by the US Government, White House (after he correctly pinpointed the 1987 crash) and Prime Ministers like Margaret Thatcher, and even the Peoples Bank of China for consultation during the late 1990s. He is no fan of the US Government (having been imprisoned for "contempt") and can seem eccentric but nevertheless is followed by hedge fund managers and institutional investors.

Gold - The Pulse of the World Economy - October 15, 2011

The Monetary System - Broke Again? October 11, 2011

Operation Twist, Gold, Europe and 30 Year Rates - October 7, 2011

Passing The Torch to Asia - April 28, 2011

I booked attendance to his Cyclical Analysis & World Economic Conference in December

S&P 500 Trading at Top of Range- The SPX500 is trading at the top of its range in the the 1228 area and may come back to test the lower end of the range near 1081. Bulls were hoping for a seasonal 4th quarter breakout to the upside as has been the habit of the global equity markets. However, European sovereign debt worries are a factor weighing on this seasonal pattern. Unless the grand October 23rd plan to deal with the debt crisis delivers on its promises, 923 and the S&P may be a lot closer than some expect.

Originally Posted by skinnypuppy

why isn't gold crashing while risk is selling across the board and dxy rallying like there's no tomorrow? i'm puzzled :S

Gold is currently down $25 or 1.5% to 1670.5 from its 1695.5 high in Asian trading Monday. The rally top in gold at 1695.5 broke well short of 1725, fell back bellow the 38.2 fib support and it looks like Monday's move could be the first part of a key reversal if it closes lower tomorrow as I suspect.

Some DailyFX Analysts (JK) were bullish on gold this wkend, citing an expected increase in risk aversion. But I beg to differ… for two months gold has been trading in positive correlation with risk and risk assets, unlike during the summer.

Originally Posted by Mary R

So USD/HKD could be a good long term short? It's at 7.77 now I guess that means it could go down to around 5.

Yes perhaps, although a 30% revaluation of HKD targets USD/HKD at around 6 not 5 (7.778 / 1.30 = 5.983)

Because of the ultra-low volatility in this pair over a very long time (HKD has been very tightly pegged to USD for decades), I have been able to get long dated options for it ultra-cheap. So if the HKMA revalues HKD higher by 25-30% in 2012-13 as I suspect it might (there are several good reasons for it, like CNY/HKD has risen 25% in five years), then I will get a big payout and return for having risked relatively little. Although my primary motivation has been to hedge our projected USD against HKD, so what we would make from the trade we will lose on exchange in the business (but at least we won't need higher prices to maintain gross margin). The cost to hedge has been increasing as I guess some specs have begun taking similar positions lately. Trust the evil speculators to ruin it for everyone, haha... If the so-called 99% take over, maybe they will ban speculation and then ban free markets in favour of price controls

Pip an Run Trading Room Results 9 Wins out of 14 Trades for -44.4 pips: The day started off quite well as I had 8 winners in a row for 78 pips within the first 30 minutes of trading. However, the green-eyed monster of greed set in and I attempted to wrestle further profits from a "dead cat" bounce which was already "dead". Long Aussie, Euro and Pound and short dollar Cad gave as well as taketh away. I even had a chance to get out with only a 22 pip loss but believed trend could go higher!

Hopefully, I have learned my lesson! See if I have learned tomorrow in my Pip and Run Trading Room.

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Watch the Replay here: http://blip.tv/greg-mcleods-10am-et3...4-pips-5653435

Originally Posted by marpion1

For me there's one fixed point: GOLD will reach 1500/1400 in few months.

I'm going to buy many options strike 1500 and I'll wait for

Ok, the price action triggered but beware from the pullback in 1665 zone before real downside ;-)

Hi,

Finally cleared the Silver Spot Position, with a little bit of profit

Looking for long buy entries. Anyone Recommend a price?


~Marcello

UK 100 Could Revisit 5,500-A double bottom in the index at the Daily S1 Pivot near 5350 could be good support for the index to move higher. Higher than expected UK inflation put the initial damper on the index along with a stream of negative data out of the Euro-zone including a worse than expected German ZEW survey. Look for 5500 (r1) level to come into focus on any good news out of Europe or US

Good morning All ,



GL 4 ALL

Though I ended the Trading Room with a loss of -44 pips, I was able to pick up over 100 pips later after release of US PPI Data. Sometimes the market gives a trader a second chance in the same day! I had 29 wins and out of 35 trades.

Though I ended the Trading Room with a loss of -44 pips, I was able to pick up over 100 pips later after release of US PPI Data. Sometimes the market gives a trader a second chance in the same day! I had 29 wins and out of 35 trades.

can you enlarge the image?

Thanks

Narrow S&P 500 Trading Range "Begs" for a Breakout- Bound in a 10 point trading range between 1200 and 1190, the SPX500 look ready to break out. the central pivot in the 1209.50 area may be its destination. However, as of now the index sits on the 1200 level and may return to test bottom of the channel ahead of 10:00 AM Housing number. Bernanke also speaks at 12:30 pm ET.

If you are referring to the one in my post , actually i am sorry , i tried but i couldnt change the size , if you know how tell me and ill change it.


regards