it is almost coming to one month anniversary of the sudden 75bp cut that saved the world, from the edge of a cliff.
forex terms, one month since Euro suddenly strengthend from 1.44 onwards.
Time is good, time is bad, as in Charles Dickens' Tale of 2 cities.
Those who want to peep into the crystal ball, you can subscribe to my "Naked Call letter" for forex and "Naked Equity letter" for stocks. Email me dollarproaragon@hotmail.com for details.
Tuesday, February 19, 2008
Sunday, February 17, 2008
18 Feb Saudi to drop dollar peg, discussion today
in the newswire, got such a piece, on Saudi Arabia holding a minsterial meeting to discuss dropping the dollar peg. however not confirmed on other news sources.
Saturday, February 16, 2008
17 Feb Oil in Roubles ?
this was given to my subscriber on Friday before US open.
indeed 1.4700 was reached and fell back.
Iran minister is in Moscow and urges Russia to jointly price oil perhaps in Roubles.
Platinum is finally above 2000 at 2020. would Gold follow to 1000, Euro to 1.5000 ? let, say within the next 4 weeks.
those who say yes, pls click on the Google Link.
Friday, February 15, 2008
15 Feb Option Expiry Day
today is Option Expiry Day, I read more about selling then buying. I guess with today volatility, a lot of short sellers would be eaten up.
Monday is President Day, this add to the volatility.
Seeing profit taking now in forex. Euro, GBP all heading lower.
Vikram Pandit of Citigroup, going for media training. I am joining in the session, and hoping to get a post a the Head of International Trading with Citigroup.
Then I give all my readers 100K free monies to trade on REAL platform.
How about that ? Click on my Google links if you support me to be the Head of Trading.
Gold reached its interim top at 936, now Equities is back from abyss with SPX hovering around 1340, and Oil now at 95. Platinum close to 1000. Everybody is now lining up for the mad dash or the jump off the cliff ?
Monday is President Day, this add to the volatility.
Seeing profit taking now in forex. Euro, GBP all heading lower.
Vikram Pandit of Citigroup, going for media training. I am joining in the session, and hoping to get a post a the Head of International Trading with Citigroup.
Then I give all my readers 100K free monies to trade on REAL platform.
How about that ? Click on my Google links if you support me to be the Head of Trading.
Gold reached its interim top at 936, now Equities is back from abyss with SPX hovering around 1340, and Oil now at 95. Platinum close to 1000. Everybody is now lining up for the mad dash or the jump off the cliff ?
Thursday, February 14, 2008
14 Feb Gold Sale and the TOP in Gold
Update 10:39 am Bernanke testimonials
Inflation well anchored. Closely monitoring the inflation expectation. preserve the FED inflation fighting credibility.
says later this yr, growth to accelerate.
downside risk to growth remains.
act in a timely manner to support growth and prevent downside risk.
some trading ideas. 9080 looks like a good shorting position.
Short AUDUSD 9050
stop 9080
target 8830
Short GOLD 915
Stop 923
Target 880
If you made monies from this call, pls click on the GOOGLE link
There used to be the ECB Gold Sale that overhang the market, nonetheless Gold still manage to rise year on year. Now we have a double whammy, the IMF Gold Sale. During the last G7 meeting, IMF got the approval to proceed with Gold Sales subject to US congression vote.
IMF is using Gold Sale to buying high yielding investment to generate cashflow for their operation.
Short term, this is negative for Gold, but long term highly beneficial. Gold would become more liquid, more tradeable.
In order to keep the Gold Sale profitable, the parties concerned would likely keep Gold price at its current level of 900 - 950 USD before their first sale go through. However, the Gold Sales would probably be privately placed out, at the prevailing market price.
Last time round, the London Exhchequer Gordon Brown sold Gold at 250 USD, which actually mark the starting point of the current rise in Gold.
Would Zoelick (IMF president) mark the top in Gold this time round when sales start ?
or more pertinent, would Gold be at 1000 when IMF Gold sale starts ?
Inflation well anchored. Closely monitoring the inflation expectation. preserve the FED inflation fighting credibility.
says later this yr, growth to accelerate.
downside risk to growth remains.
act in a timely manner to support growth and prevent downside risk.
some trading ideas. 9080 looks like a good shorting position.
Short AUDUSD 9050
stop 9080
target 8830
Short GOLD 915
Stop 923
Target 880
If you made monies from this call, pls click on the GOOGLE link
There used to be the ECB Gold Sale that overhang the market, nonetheless Gold still manage to rise year on year. Now we have a double whammy, the IMF Gold Sale. During the last G7 meeting, IMF got the approval to proceed with Gold Sales subject to US congression vote.
IMF is using Gold Sale to buying high yielding investment to generate cashflow for their operation.
Short term, this is negative for Gold, but long term highly beneficial. Gold would become more liquid, more tradeable.
In order to keep the Gold Sale profitable, the parties concerned would likely keep Gold price at its current level of 900 - 950 USD before their first sale go through. However, the Gold Sales would probably be privately placed out, at the prevailing market price.
Last time round, the London Exhchequer Gordon Brown sold Gold at 250 USD, which actually mark the starting point of the current rise in Gold.
Would Zoelick (IMF president) mark the top in Gold this time round when sales start ?
or more pertinent, would Gold be at 1000 when IMF Gold sale starts ?
Wednesday, February 13, 2008
13 Feb Ausssie, Gold in down move
this was published yesterday, and indeed AUDUSD falls as planned despite some bullish comments from the Fxxx broker analyst on national TV.
those who followed the TV and went long at 0.9040-0.9050 obviously get killed.
My first target is 0.8900, before some meaningful rebound happen.
Along with AUDUSD, Gold is also falling.
Hence, next time when your broker sent their analyst to go on the national TV, you all better watch out.
You should read this post, titled "Ponzi".
If you agree what you read, pls click on the Google advertisement.
Tuesday, February 12, 2008
12 Feb Aussie and Commodity Rally
This was posted yesterday, Euro is rallying as planned, with
1.4650 in target.
FXCM analyst Kathy went on wire to talkup AUDUSD. Well, as usual, I see a different picture.
If you want unbiased signals, email me dollarproaragon@hotmail.com.
When would the commodity rally reverse ?
Need for your support, pls goto http://dollarpro.blogspot.com/2008/02/8-feb-dollarpro-for-presidency.html if you support me to run for Presidency, so that I can champion Trader interest, pls click on the Google links.
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