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Posts by "ginger"
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Posts by Anonymous "ginger":
EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Ratio now at 73.
Am I right in saying that the dead-cross happened today? (90 day weekly SMA below 200 day weekly SMA?). Is this significant in your view?
G
Good luck with your copper short. I'm thinking of doing the same soon.
G
At some point (may be 2/3 months max if not much sooner) economic reality will mean base metals such as copper will correct and trade much lower in line with true economic fundamentals.
Hence shorting base metals, especially copper in May/June may reap good returns.
...just my views - interested to hear what Ashraf and others on here think.
I'm interested in your views of the Baltic Dry Index as a leading economic indicator for the stock market. May be you could be kind enough to open up a new discussion based on this subject. What is perplexing to me is that the BDI has been falling steadily from 15th March, yet the stock market has continued to soar. From 15th Jan to 12th Feb the BDI went from 3299 to 2571 i.e. a fall of some 28%. This corresponded with a sell off in equities of around 9%. Currently the BDI stands at 2991 and is down 20% since 15th March. This seems to me to be a good leading indicator for an imminent fall in commodity prices as well as stock markets. I'd say another 2/3 weeks of modest gains for the stock market or sideways moves before a sell-off, a head and shoulders formation following a rebound followed by a large sell off in the summer. In the mean time the $ will strength all through this year.
On commodities I believe copper is the most overextended and should retrace significantly in the summer.
Thanks
Ginger