Today without any major newsbreak, Euro rallies and tested 1.4900. Over the weekend, there were some renewed calls on national TV for selling GBP against EUR and SEK.
Gold broke past 900. Crude on its renewed path of rally. Finally the market decided where to go next after 1 week of pondering.
Bush went on a middle-east tour to build his legacy, instead of addressing the impending crisis. Obviously he knows that whatever he does now, it for the next President to harvest.
And he has been sounding beligerant towards Iran, with the Navy hyping the recent events.
Got some nice charts, would release later.
EURGBP smacks of an attack, probably a "Soros" type. Lots of European working in UK clamouring for change terms to Euro.
Quotatable Quotes:
"If you're standing on the railroad track and the train is bearing down on you at 90 miles per hour, don't stand there trying to decide whether the oncoming train is the 'Midnight Special' or the 'Wabash Cannon Ball'. Just get the hell off the tracks. Which train was coming at you can be determined later - right now that's not the problem."
Richard Russell, Dow Theory Letters:
Gold broke past 900. Crude on its renewed path of rally. Finally the market decided where to go next after 1 week of pondering.
Bush went on a middle-east tour to build his legacy, instead of addressing the impending crisis. Obviously he knows that whatever he does now, it for the next President to harvest.
And he has been sounding beligerant towards Iran, with the Navy hyping the recent events.
Got some nice charts, would release later.
EURGBP smacks of an attack, probably a "Soros" type. Lots of European working in UK clamouring for change terms to Euro.
Quotatable Quotes:
"If you're standing on the railroad track and the train is bearing down on you at 90 miles per hour, don't stand there trying to decide whether the oncoming train is the 'Midnight Special' or the 'Wabash Cannon Ball'. Just get the hell off the tracks. Which train was coming at you can be determined later - right now that's not the problem."
Richard Russell, Dow Theory Letters:
2 comments:
hi dear
I'm Iranian and trade on Forex and Gold
I find your weblog and enjoy it
what do think about Middle east, Bush and his project in this area?
should we wait for War again?
or we have to be with recession?
Wait for what ?
may be we are already there, dun need to wait.
War ?
Long time ago in China, when one Japanese soldier went missing on the border with China, the Japanese used it as an excuse and invaded China.
Not too long ago, when the Palestinian kidnapped a few Isralis, Israel moved into Palestine.
So you guys watch out when somebody gone missing.
Cheers, and hope you enjoy the blog.
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