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 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
View Hot-Chart..
I don't particularly remember Ashraf giving us all that many general rules for trading, except to use our margin wisely, but I probably miss a lot.
I don't mind admitting, there are clearly people here who are far better traders than me, and I'm here to learn.
A bit of humility is the one thing I can afford :-)))
And as a reminder to myself, if nobody else: Trade what you see, and not what you think or believe.
What a game!
Did you see Angela Merkel getting to her feet?
Reckon this will send the Euro up by at least a cent next week.
Also, would you mind explaining your reasoning for those specific price levels in EUR/USD?
Thanks.
Well, The Guardian is writing again about "Mutti" Merkel's troubles:
http://www.guardian.co.uk/world/2010/jun/18/germany-ruling-alliance-angela-merkel
http://www.guardian.co.uk/business/2010/jun/18/european-union-germany-france
(It probably just helps to take our mind off our own problems .... not least those on the football field!
Hmm....can't exactly be good news for Euroland can it?
Might give our own new coalition the jitters as well.
http://www.zerohedge.com/article/gold-10000
Gold, water, knives, even coke :)
No change there then.
[...]
"That he which hath no stomach to this fight,
Let him depart; his passport shall be made,
And crowns for convoy put into his purse;
We would not die in that man's company
That fears his fellowship to die with us.
This day is call'd the feast of Crispian.
He that outlives this day, and comes safe home,
Will stand a tip-toe when this day is nam'd,
And rouse him at the name of Crispian. "
[...]
"We few, we happy few, we band of brothers;
For he to-day that sheds his blood with me
Shall be my brother; be he ne'er so vile,
This day shall gentle his condition;
And gentlemen in England now-a-bed
Shall think themselves accurs'd they were not here,
And hold their manhoods cheap whiles any speaks
That fought with us upon Saint Crispin's day."
[The rest plus background story is at:http://www.chronique.com/Library/Knights/crispen.htm ]
- If the stock market really crashes (as some of the gloomier people are saying), how about 0.60?
- If the market shows anything like a real recovery, then maybe we aren't far from the bottom - say 0.8570?
- Give or take anything the RBA might say or do of course.