GBP Trade Index 18-Year Chart

ya, ever since the markets rallied off mar lows ive been telling a friend that its a con, how can we be recovering from 1 of the worst crashes in a matter of 10-11mths an when i was sayn this it was back in aug-sept, so i never participated much in the rally..an what u say about golman an others is what i was thinkn but my players were the us gove an there access to $$$,an i also beleive it was them who are proping up the markets ,who eles in there right mind had the balls to step in after the march lows an start reinvesting, deffin not the lil guy after he was wiped out..only the big boys or us gover which are pprobly the same..thats why i hate being long usd an once again i have a long position in usd lol ..ive been tryn for 6mths to have a short position an now its the 6th time ive tried an failed but this time it will be less bad lol im not buying any usd long until were under 1.0400 an when that happens crude an gold will be higher giving me the oppertunity to unload stocks -gold an crude- an move profits into cheap usd for the ride up...ive been sayn it for awhilw the big boys want 600-800pips moves thats big $$$...now its time for usdcad to crash down how far not sure but i deffin think 1.0400 is strong suport if it fails i think 1.0230 will deffin be tested an prob fail to make new low but i don;t think paridy in in the cards but u know whats 200pips but prob won;t stay long there before cad gove start pounding the table sayn bad for cad...then off it goes back up...usdcad trading range 1.0200-1.0750 an im sticking with it...lol still amazed how i fall for this usd rally..story is us gov need cheap $$ for there recouvery so when it gets strong out they come to push it down ...gl pipped

@chloe-you know how I feel, but I'll let you answer this question: do you feel this jobless "global economic recovery" is for real, and it is of the "V-shape" form?

If the answer is: it is not real, or not as robust as the Cramer's and other bulls want you to believe, then what will drive oil prices higher, especially with China tapping on the breaks? Does the fact that the Aussie's once again beat an artificially low employment estimates on their jobs report yesterday solve the global economic crisis? The euro was bid up to 1.38 on that news, lol!

I for one do not. We will have violent counter-trend consolidations as the GOLDman Sachs of the world once again do all they can to get everyone overconfident and fully-invested, merely to yet once again SNATCH the rug out from under Mr. and Mrs. Joe Sixpack's feet.

Ashraf,

on twitter you indicated selling GBP rallies made sense. where would you expect the GBP to start running into resistence? .....157?


Thanks Terry

I have started building the usd/cad long position, and shorting gold.

I am taking advantage of GOLDman's goosing. Gold exploded for $18 in 45 minutes, ROTFLMAO!

CHLOE-how is youe fbp/usd short doing>

Hopefully GOLDman did not take money from you!