Dear Readers, Yesterday the market had a feel of going any direction and the market has chosen to go higher, not for long as you know we have targets within 2% from here. Unlike yesterday, tody's pressure gages are very close to SELL and require for us to be on alert for next couple days. While not extreme the SELL PRESSURES are approaching mature levels and the sentiment is on our side, while the cycles are matured indeed. Metals resting before next down turn? Downside though maybe limited by $15-25 in gold. Currencies are not able to gain on $ even as 23/5 is approaching, which supports the idea that $ is stronger from the early May and may not give good opportunies to reenter long side. Such are the markets my friends you blink and you miss. Interest rates have perked up lately and may stay there or go higher next couple weeks, supports the $?
7 comments:
Hi Boris,
Do you have any thoughts on the EURO/YEN going forward from here?
Kind Regards,
Damien
Boris
June 7 is 10,000 days from all time gold high Jan 20,1980. Do you have any timeline for a gold low?
Thanks
Howard
Dear Damien, YEN has been perenial "just about to go up" currency for last 6 years. My best effort suggested that Yen would have a high in May. While every major currency has made a high Early May Yen has not. I can only say that the speculator cabal is holding this currency where they need "carry-trade" to support their specualtion. Japanese finance kings seem not to mind and support this low JPY. Being so have under manipulation this currency has esacaped as good of a forecast as we enjoy in other currencies, but even there, after my worldwide publication of $ getting stronger, "big traders" seem to be intenet to deny our readers second chance at the low $. Such is life when highly sensitive information is public. But there is not a hell of a lot I can do in forseeable future to change that.
Bakc to YEN. I think that Stocks Markets will not crack without YEN and $ going higher. $ is doing its job, YEN seems not to yet, but I suspect there will, after all be a final push by YEN, which will clean many of the "carry-traders". At the current readings 121-122. YEN HAS a big, big , big support. So I hope it bouces from here. It is long overdue. Plan B is that it does not... Such is life.
Good Trading
Dear H, My time and price parameters are unchanged JUNE/JULY with 630-650 price range. We are close to both windows.
Good Trading. More refined forecast will come in our daily forecasts.
Good Trading
Hello Boris.
Are we ready to rumble? It sure looks like the salvo can occurr any day now. I concurr with GOLD outlook and after this bounce terminates, looking for a June low no later than the 11th and then perhaps the low-for-year by mid-July. I'll be looking to your honing skills this week Boris.
Danno
Dear Danno, welcome back. Yes, we are ready to rumble. "Listo Para Las Ramblas". It is amazing the length at which the markets will go to get the last bozo on the train to pure house. Fortunately, they are not among our readers.
GOod Trading
Sorry Dear Readers, I meant to poor house, of course...
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