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Posts by "boli mekura"
234 Posts Total by "boli mekura":
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Posts by Anonymous "boli mekura":
UBS: Inflation is gearing up, especially in emerging countries. Since central
banks around the world are still providing ample liquidity, inflation
pressure is likely to remain high. The outlook that monetary
policy in key economies will turn less accommodative should not
derail the broader uptrend. Central banks are likely to keep real interest
rates in negative territory for the remainder of the year. Moreover,
debt problems in the developed world have yet to be tackled
seriously, including ballooning fiscal deficits in the US and the risk of
broad USD weakness in real terms. Thus, financial demand for gold should
remain high in search of wealth preservation.
We stick to our USD 1,650/oz price target for the next 12
months on inflation and currency uncertainty.
The only Tony G I know is a DJ :)
Tony, are you that Tony?
SPX and Gold moving in tandem :)
Reason: ES is testing 1320 break-down zone from late 2008.
Closed another 1/3 of shorts at 88.50 just above mentioned minor support at 88.40
The other 1/3 are runners for a possible meltdown. Of course with trailing stops.
Have a nice weekend all.
Then 88/88.10 and then 85.20
This is what I meant with my comment regarding "who is the majority at risk here".
You answered it clearly: longs are the majority at risk. And a long squeeze is highly likely.
Next support below 90.10 is 89 and then watch out for 85.
Good luck.
@said now you know what I meant.