Posts by "pippedoff"

I am taking advantage of the London Fix to short eur and gbp BIG TIME here

Ashraf-I believe eur should be lower. However, at least for this upcoming European session, eur will catch it's usual bid and grind up for 4-5 hours to test or exceed yesterday's highs.

At some point in the next two months, with all this complaceny abound, equities will turn lower and these mo-mo players will bail out of eur and gdp. Don't know when that will occur, or what will spark it, or even where eur and gbp will be when this occurs.

It just appears at the moment eur is well bid, and gbp rides the coattails.

Thanks for asking.

CHINESE OFFICIAL STATES, "MUST NOT RUSH IN TO BUY GOLD - TOO EXPENSIVE".
Too expensive at 1150? He could have bought some at 1090 a week ago.

LOL. Can you say, "Jawbone".

Gotcha Asad.

BTW, your target on Gold? Still up $60 since the beginning of the year, and only $10 off the highs from late "yesterday".

Next stop Eur 1.4430: will it take the express lanes or the local?