I remember Bob Pisani for years abusing gthe Gold bugs, always saying something to the effect of, "Nothing going on in the gold patch. Why waste money there when you can buy (overinflated-my word) U.S. stocks".
What he really was saying is, "My entire 401k and pension is in the parent company of CNBC, GE's stock-so please buy stocks to support my retirement.".
Isn;tit funny how Pisanio NEVER recognized or acknowledged the long basing pattern of Gold. Instead of explainiung to the masses that the longewr the basing pattern, the larger the breakout, he only encouraged people to p;ut money in equities.
usd/jpy trying to grind higher and get back to 92.20 level. It may not get their by "close" today for charting purposes, but I believe jpy will be sold in asian session, providing upward pressure on usd.
@wassup: told you they would bid back gbp as soon as it broke a bit.
Going long trash euro and gbp is like a Ponzi scheme. They are being supoorted with the illusion of going higher to get more suckders to either close their short or attract new mo-mo longs.
Ashraf has the tea leavez supporting lower levels of eur upcoming, but no one wants to listen. It's merely a big game of Chicken. I just hope the last one out the door doesn't forget to turn out the lights.
nice save on the gbp. Now that they put a quick 12 pips on it to get it back above 1.61, all the while able to keep eur/usd from falling, it is now set up to grind higher into US Stock market close, which is a given will also be ground higher into the close.
Can you believe the NASDAQ is actually negative today?
@Gun: he's got six weeks to be correct, and needs to overcome time-value of the option if he is not deep-in-the-money already.
It is utterly startling to me that Vix is pre-Lehman. Just shows you how complacent everyone is. After all, US market has rallied 65% off its lows.
What I found very humerous, and posted earlier, is that Cramer came out today pounding his fist that stocks are "about" to take off! About? Isn't 65% classified as a take off? And he was crying every day on the air at 6700, pointing fingers and exhalting the masses to NOT invest in stocks. This guy Cramer is nothing more than a front-running white-collar criminal. i admit he is very entertaining at times, and only in small doses. He is nothing more than a shock-jock of stock guesssers.
@ Anzvik: meant eur/usd in last post where I wrote usd.
The chart of Gbp is looking atrocious. It is much lower than where it was immediately after NFP was released, and significantly lower on the China news which will soon be old news and forgotton.
This looks like the top short around as eur/gbp is being supported to prop eur/usd over 1.4500
-think you meant 1.6050. The gbp is being forgotton in the short term in order to support eur over 1.45. Jpy probably will be sold in Asian session, could bode negative for usd. If usd 15 or more pis below 1.450 come European session, eur bears will assume contol.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
What he really was saying is, "My entire 401k and pension is in the parent company of CNBC, GE's stock-so please buy stocks to support my retirement.".
Isn;tit funny how Pisanio NEVER recognized or acknowledged the long basing pattern of Gold. Instead of explainiung to the masses that the longewr the basing pattern, the larger the breakout, he only encouraged people to p;ut money in equities.
Going long trash euro and gbp is like a Ponzi scheme. They are being supoorted with the illusion of going higher to get more suckders to either close their short or attract new mo-mo longs.
Ashraf has the tea leavez supporting lower levels of eur upcoming, but no one wants to listen. It's merely a big game of Chicken. I just hope the last one out the door doesn't forget to turn out the lights.
Can you believe the NASDAQ is actually negative today?
It is utterly startling to me that Vix is pre-Lehman. Just shows you how complacent everyone is. After all, US market has rallied 65% off its lows.
What I found very humerous, and posted earlier, is that Cramer came out today pounding his fist that stocks are "about" to take off! About? Isn't 65% classified as a take off? And he was crying every day on the air at 6700, pointing fingers and exhalting the masses to NOT invest in stocks. This guy Cramer is nothing more than a front-running white-collar criminal. i admit he is very entertaining at times, and only in small doses. He is nothing more than a shock-jock of stock guesssers.
The chart of Gbp is looking atrocious. It is much lower than where it was immediately after NFP was released, and significantly lower on the China news which will soon be old news and forgotton.
This looks like the top short around as eur/gbp is being supported to prop eur/usd over 1.4500
Gold attempting to breal sputh of 1150 again, which would put pressure on aud below 0.93.
Also after $4 pop in gold after it broke 1150, gold pulling back for another test here.
Things look to be stabilizing for USD.