Posts by "putko mafani"

chloe, silver is moving up more than gold because silver market has structural issues - i.e. depletion of Comex inventories. Silver market at this point can be easily cornered while this is not so with gold. Today silver is breaking out to new highs for this bull phase. This could easily go to 40 or 50 if someone big decide to play Hunt Bros again. So be careful.

yeah, usdchf (wrong room) indeed spiked above 61.8% after scaring early long stalkers and so far staying above.
eurchf however is below 61.8% fib of the recent move up (1.2950). A couple of attempts to move above it but so far unsuccessful. I will stalk long on a spike above that level.
Silver is breaking out.

"but would never scalp around
news"

yes, so it's better trade vs. this story about 2 Iranian ships crossing the Suez. So what? Let'em cross. I do not see the problem. They will cross and later they will cross back. 2 Iranian warship cannot do anything.

Rule No.1: Never play against Bernanke when he speaks. ROFL

Cat, please comment.

Euro money market traders are puzzled by the high use of the ECB's marginal lending facility Wednesday, with borrowing at almost EUR16 billion - the highest amount since June 2009 - at a penalty rate of 1.75%. Traders speculate that a large euro zone bank may have experienced a technical problem, or didn't request enough cash in the ECB's weekly refinancing operation on Tuesday. There is no sign of stress in the euro overnight rate that currently trades around 0.52%.