Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
1...789101112131415161718192021...312
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Apr 19, 2013 23:16
In reply to Rezz's post
I agree--let's not plug the deflationary angle too hard. I don't know how many times "respected" economists have come unstuck on that one. The fed will not allow it "over their dead bodies". Genetically reprogrammed to fight deflation at any cost

Yes you are right the nzdusd and audusd daily chart patterns are near identical to gold this week, just not so dramatic. I shall be surprised if early March lows are not soon tested and ultimately broken.

As a general comment on gold my feeling is it will have its day again. I am not nearly as bearish gold as Ashraf would appear to be. Maybe he knows something we don't to account for his rather sudden hate. There are plenty of conspiracy theories out there.
Rezz
Vancouver, Canada
Posts: 53
11 years ago
Apr 19, 2013 21:48
Price action in AUD and NZD has this eerie look of similarity to that of gold from earlier in the week. If the so called "deflation" trade is what justified the gold drop (which i dont fully agree with btw), then with AUD and NZD being among the most overvalued on PPP terms, I wouldnt be surprised by a 10% shakeout correction as well. I mean a ~2% yield differential doesnt justify holding on until after a blowout like with GLD. Any thoughts DaveO or others?
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Apr 18, 2013 20:27
I think the all time Moron of the century has to be no-more-boom-and -bust-Brown
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Apr 18, 2013 20:21
We can't label Draghi a moron. He rations his words and chooses them very carefully. He covers his back with the politicians and handles the press like he is the boss. I can respect Draghi.

BBC Newsnight had Monti on last night talking about da Thatcher dreadie. He had attended the funeral ceremony. When asked at the end of the interview whether he thought UK would ever fully embrace the EU, there was a silence, stuck for words temporarily. Then a big smile "it doesn't look imminent". Seems a sensible chap to me.

Who else is there cat worthy of comment, we miss the DSK/Merkel affair.

I think after much thought and deliberation I must award the current moron prize to Monsieur Hollande. We will have to exclude the band of Brussels idiots or we will be here all night.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Apr 18, 2013 17:14
And there was George talking about bank incompetence, methinks economists are worse.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Apr 18, 2013 17:11
In reply to cat0nip's post
AL tweeted this today. I sent is across to Mauldin to make sure he had spotted it. He will be writing about it tonight.
http://uk.reuters.com/article/2013/04/18/global-economy-debt-herndon-idUKL2N0D503020130418
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Apr 18, 2013 16:40
In reply to cat0nip's post
I feel dissapointed with Christine Lagarde whom I thought was good choice for IMF. But she seems to be always lagging behind the curve, a laggard one might say.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Apr 18, 2013 12:12
In reply to DaveO's post
Bernanke is not a moron...Kuroda is a moron...
but words of wisdom
before you are convinced your counterpart is a moron make sure he doesn't hold the same conviction
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Apr 18, 2013 11:11
In reply to cat0nip's post
Cat, I will take your word for it that Weidmann is a moron. Most of them seem to be morons judging by the way they constantly repeat themselves. Personally I only like to hear something said once :-)
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Apr 18, 2013 8:00
In reply to cat0nip's post
Am I a prophet? No but unlike Weidmann I can count up to three.
Unveiled: Weidmann's Bundesbank looses 350 billion from TARGET.
Rating agency Egan Jones downgrades Germany by one notch
Report Reply
1...789101112131415161718192021...312