6303 6278 6238 6172 DAX 6424 6449 6489 6554
3266 3253 3232 3198 ESTX 3330 3342 3363 3398
CARRY-TRADE CARRIED OUT
Australian and British Cents Buy Less By Minute
Dear Subscribers/Readers the weight of evidence is mixed at this time, but the YBR calls for -2-3 days up and then sharp lower move. Amazingly enough if the 8/8 +-2 trading days proves as high it would be very interesting as it would be YBR compliant and would come at THISHA BAV ( 9th of the month of Jewish Calendar AV). This date is known and marked in history as the worst day , when JEWS were thrown Persecuted in SPAIN, In GERMANY, RUSSIA and even the fall of the FIRST and SECOND TEMPLE of ISRAEL have started and/or ended on the THISHA BAV. So, this is a very heavy date in Jewish and world History. In addition the ASTROLOGICAL constellations(eclipses and the bad blood Mars/Uranus) are contributing the the possible flair up in the political/military and/or Mother natures laps and we get the week to be careful about from 6th to 17th of AUGUST.
08:08 ET, GOLD has probed important support area of FIB 62% at 880 and so far rebounded. In light of what was said above, I would not be surprised if GOLD was to have at least a decent correction into Mid August, but if this 880 area is broken we are looking at 850 next.
08:53 ET, I would like to direct your attention to the goings in the ANTIDOLLARS.
For one the GLD-USO spread has been working like a charm. It was nobrainer when was advocating it couple months ago.
For Two British Pound and Australian Dollar Have finally taken kind of a pounding that I called for almost 5 months now. Australian Dollar , More of a PETRO-CARRY Currency waited until OIL Bust to do what it needed to do.
For Three the EUROs( EURO, SWISSY) are now outrunning the JPY lower, which was my take in discussions with IVAN. He has the keen interest in EURO/JPY spread.
So, Yes, in some ways all my assumptions about the ANTIDOLLAR WORld have come to pass ( some with delay) and amazingly enough the interrelationships among ANTIDOLLAR have also worked/working predictably. I am AMAZED , if you allow me(:-, this has nothing to do with bragging, but all to do with the fact that I am just humbled that, myself, a simple man could do this, HONESTLY!.