Yen Is hearing from Dollar today and so do all currencies of the world. I think JPY crash(et) is on its way.
Anyone who saw the BigPicture on the protected site knows where the minefields are for Dollar. We are approaching the FirstAnnualHighAttractionPoint(FAHAP) and be warned. If you can not read the numbers exactly of the chart does not matter. That precision is not really warranted. But you should close within few cents right and left. ENJOY and strictly private. Not for transfer Please!
09:15 ET, Do not get intimidated by market. If the Q's approach the Thursday high, but did not run over yet, do not act. Make sure the Q's made a new high above that one and then and only then act. You see the just about right, does not cut. It is either new high or not. Very simple in this case. Sometimes markets will come back to old highs to intimidate you. DO NOT! ... Besides you are not gaining anything by doing it few points before actual hit ( if it hits) on the other hand if it never does, you are losing the trade, PERIOD.
1286 1283 1277 1269 spx 1302 1306 1312 1320
Precious Metals are getting less precious every minute. Do not worry. Accumulate some more, especially SILVER. At 50% haircut, one must own a bit of a SILVER. Being an industrial metal, it will go with stocks more than GOLD , which must compete with DOLLAR, and we know(:-
How Much Silver I hear the questions? Just look at the asset allocation in the sliding window PIE CHARTS. Do not overdo please, but do very depending on you tastes and capabilities
WARNING, DO NOT FIGHT GBP/BRUTISH next few days , after the annihilation process that it has undergone, it maybe able to stage a dead cat bounce.
The only thing that may come somewhat close to the GBP troubles is AUD(Australian Dollar). From strongest currency in last 6 years to one of the weakest in 6 weeks! talk about destruction of value. close 16% drop in six weeks. Now, you know why I as so adamant 6-8 months ago to stay away from CARRY-TRADE currencies. NZD/AUD/GBP and CAD to some extent. Remember I asked to make the trip to USA now, instead of next year. Well, Yes, it will cost you bunch this time around my very lovely , smart and technically great Australian subscribers and readers.