Contrarian market commentary and economic postings.
Friday, December 04, 2009
HUGE MOVE OF US $
Market clinging green, so now all of a sudden no correlation with stocks?(though big eraly move eraced) haaa GOLD OFF HUGE $50
There is MASSIVE carry trade on long GOLD short US $....is it about to BLOW UP
D
2 comments:
Anonymous
said...
My dear sir, this sounds very scary. So you say dollar rally, does this mean you believe the false jobs number? Why else would the dollar go up? I look at a monthly dollar chart, I can not see what your chart shows. Can you explain? Also can you put up an updated transportation bearish wedge. Thank you kind sir
Its just because the job number is good that the dollar is rallying up. Remember that when job numbers are dismal everyone expects the Fed to keep interest rates low and "easy money" policy. Since this number was only 11000 maybe the next month will be positive. This means the Fed will be able to raise rates sooner than expected.
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2 comments:
My dear sir, this sounds very scary. So you say dollar rally, does this mean you believe the false jobs number? Why else would the dollar go up? I look at a monthly dollar chart, I can not see what your chart shows. Can you explain? Also can you put up an updated transportation bearish wedge. Thank you kind sir
Dear Anonymous,
Its just because the job number is good that the dollar is rallying up. Remember that when job numbers are dismal everyone expects the Fed to keep interest rates low and "easy money" policy. Since this number was only 11000 maybe the next month will be positive. This means the Fed will be able to raise rates sooner than expected.
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