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Posts by "montmorency"
678 Posts Total by "montmorency":
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Posts by Anonymous "montmorency":
http://www.bbc.co.uk/news/business-10661748
Not sure how relevant here, but could be regarded as a piece of jawboning for a stronger Euro.
You can't fight the market, you can't fight central banks, and you certainly can't fight the Chinese (if it was them), unless perhaps you are George Soros (but he is big and important enough that he probably gets insider tip-offs :) ).
What would you say is a safer trade at this point?
Gold? (joke).
http://www.zerohedge.com/article/gold-plunges-paulson-liquidation-speculation-abounds-again-fund-rumored-be-down-1-billion-da
(see the comments beneath the article).
http://www.zerohedge.com/article/eur-shortage-follows-hot-heels-pervasive-usd-lack
It does seem to chime in with a few things Catnip has referred to in the past (I believe).
Was that a medium-term top, I wonder.
Yes, we miss Xaron. He used to be the only Euro bull around here for a long time. :)
(@Xaron: stop lurking, and post! :-) ).
It just overshot that (1.2986 on my chart), but has since lost ground.