Gold, Oil & Indices (Equity & Bond Indices)

Chloe, very well said about Bernanke's green light for USD selling.

Here is what I said in my piece yesterday, which sums it up succinctly for now.

The contrasting monetary policy picture involving a tighter ECB/BoE/RBA relative to the Feds continued quantitative easing remains the main driver to the USDs downfall. Any periodic reverberations regarding peripheral Eurozone debt concerns, equity market pullbacks disappointing earnings have proven -- and will likely to continue proving an opportunity buy the dips in EURUSD, AUDUSD, gold and silver.


But I wouldnt agree with you about uninterrupted USD declines for another 3-6 months. I think June-July should see some kind of USD correction...the question is: will it be a rebound of more than 5?

looks like some folks out there are swapping their silver for gold

@Chloe Im not shorting CL with real conviction (intra day scalps 15-30pips etc)....if anything best to play the range i mentioned few days earlier and buy the huge sell offs we are seeing once the Hedge fd algos get turned on ( abt 1.30-3.30pm london time)

On a side note there is large cluster of resistance around 114.10-20 region so you cd look for a short there as we will be getting there very soon (DX, SI and GC pointing higher prices)

gunjack u still out there ..anythought on oil shorts yet..i was tempted earlier @11375 but decided best to wait for u dave asad to give the ok lol:)..gl/gt:)

It fell well short of 100% symmetry target on the 60 min correction down.