earlier post you wrote about YEN. If it gets "carried away" to a low in the next couple of days, will the negative correlation with GOLD still be alive? as U mention GOLD's low to come in next two days.
Dear DXB, Yes. The gold is bottoming today/tomorrow anyway, but YEN going lower, which may have started today looks like a big help. In fact, this is one of the main reasons , risk markets - STOCKS/GOLD have recovered today. Good Trading
5 comments:
Short Term Lows at 2:00 EDT
or at 1369 RE: S and P 500 Cash
Dear Jim,
Thanks. and Good Trading to you.
Dear Jim,
I come up with 1367 and 1361 as next levels of support.
Good Trading
Hello Boris:
earlier post you wrote about YEN.
If it gets "carried away" to a low in the next couple of days, will the negative correlation with GOLD still be alive? as U mention GOLD's low to come in next two days.
thanks
Dear DXB, Yes. The gold is bottoming today/tomorrow anyway, but YEN going lower, which may have started today looks like a big help. In fact, this is one of the main reasons , risk markets - STOCKS/GOLD have recovered today.
Good Trading
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