Wednesday, January 31, 2007

Lot of Smoke and Mirror

Dear Readers, A lot of smoke and mirror events seem to be going on in positioning markets before the announcement. Now GOLD EURO ENERGY are all up. Stocks up a bit and BONDs up a bit. There is something wrong with this, it does not add up. Considering the EURO hit important resistance and so did the GOLD as well as energy, it seems to me like market is playing an inflation game. That does not appear to be a immediate picture for me. I anticipate BONDS lower IR's higher. So could we see sharp turnaround in GOLD/EURO especially? I can not recommend any trades on this difficult trading day. Use best of what you have learned if you trade. Be most careful today. Good Trading

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