Posts by "catnip"

So what long Gold? I have sold off copper short this morning with a nice profit and took profit in USD/CAD long and AUD/USD short and GBP/USD short. Since I don't give much on chart analysis of whatever kind the steep rise of industry metals after the plunge Friday seems to indicate gold could rise, too. I put a stop buy on gold long at 1145 I am still holding long bought at 1135 the position didn't
reach sl at 1120.

I just posted VIX backwardation VX VIX future lower than VIX.

Yields on 10-year German bunds rose as much as 0.24 percentage point relative to 10 y UST in prospect of Greece default and bailout. Could be we see EUR drop sooner than anticipated.

For the moment EUR looks like bottomed out but up trend? USDx shows no sign of weakness. In med term I expect USDx up target could be 86 then I think EUR should buy around 1.25 USD . Comparing economies US recovery is sluggish at best but for EURzone the worst is still to come. Govts cannot
subsidize jobs forever ( i.e part time jobs , no lay offs employer pays half wage govt the other half)
as this puts productivity down. Sometime soon a big wave of layoffs will start.
However imo the biggest threat is China 60% of GDP is construction....we are familiar with housing bubbles I think. I observe SSEC Shanghai index and Hongkong H financials and options open interest on Bank of China.

But USD/ZAR...