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- Tiger21 replied Nov 15, 2009
A long time gold bull, Eric Sprott says that gold is picking up momentum and analysts are saying that it's not too late to get in even though gold hit a new high last week and is up 26% year to date.
- Tiger21 replied Nov 15, 2009
The euro appreciated on Friday getting support at $1.4825. Some are expecting that Bernanke's speech on Monday will be dovish and the dollar will continue to weaken on Monday. PIMCO now says that the Fed won't raise rates until the end of 2010.
- Tiger21 replied Nov 11, 2009
A close higher today would be the longest rally Jan 4, 2006 as gold was up yesterday for the 8th straight day. An all-time high of 1,118.60 was reached intra-day.
- Tiger21 replied Nov 11, 2009
Geithner said that a strong dollar is in the nation's best interest and that the government understands the importance it plays in the global economy. Regardless the dollar fell to a 15-month low vs many of its major pairs on dovish comments by Fed ...
- Tiger21 replied Nov 10, 2009
I came across a good thread in regards to this. I also would say don't waste your time with them. url
- Tiger21 replied Nov 10, 2009
Going through economic data points, the calendar for Tuesday and Wednesday data coming out of the US is light, but Thursday should be a busy day after New Zealand and Australia report retail sales and unemployment numbers late Wednesday.
- Tiger21 replied Nov 10, 2009
Gold continues to be a mirror of the dollar. Dollar up today. Gold down. Yesterday, reaching 1,111.70 it reached above the 70 level on the 14-day relative strength index. Expect some consolidation from this point, but still bullish long term.
- Tiger21 replied Nov 10, 2009
Morgan Stanley is recommending that investors buy a 3-month at the money call option at a strike of $1.4946 and simultaneously sell a call with a strike at $1.55. Clear evidence that MS expects continued weakness of the dollar.
- Tiger21 replied Nov 8, 2009
India's purchase of 200 tonnes of gold last week led a huge push upwards for the price of gold. With the price at 1095, it looks like it's march to 1200 will be sooner rather than later.
- Tiger21 replied Nov 8, 2009
Cit is saying that the euro will climb relative to the dollar as it is finding support at its 55-day moving average. Recent declines in the euro stalled Nov. 3 at the 76.4% Fibonacci retracement of the rally from its Oct. 2 low of $1.4481 to its Oct ...
- Tiger21 replied Oct 30, 2009
With interest rates so low investors have been using the dollar as a funding currency for riskier investments. The bearish case against the dollar is that interest rates are so low and that the US will increase interest rates far after other major ...
- Tiger21 replied Oct 30, 2009
Gold continues its orderly descent in price, but there are so many dollars, pounds and euros being printed that real assets will go up in value. Anyways, there is a seasonal low in this part of the year and with gold appreciating for a second ...
- Tiger21 replied Oct 29, 2009
Interesting facts from today’s GDP report: Fully 2.2 percentage points of the third quarter's 3.5% growth figure related to vehicle purchases and residential construction, both juiced by government support. Federal spending added 0.6%. What’s going ...
- Tiger21 replied Oct 29, 2009
Paul Tudor Jones, managing $11.6 billion, is suddenly bullish on gold as he is concerned with inflation and increased purchases by ETF funds. Gold is just about flat today.
- Tiger21 replied Oct 29, 2009
Goldman Sachs came out today with a report stating that investors should buy the Aussie dollar against the US dollar up to 95 US cents. They say to cover at 87.50 US cents. “With the robust GDP numbers out of the US, we think the backdrop could be ...
- Tiger21 replied Oct 28, 2009
Some interesting comparison points, the Australian dollar: · is up 45% against the USD since March 2 · is the best-performing currency among the 16 most traded over the past 12 months · reached a 14-month high against the USD on Oct 21 of 93.29 US ...
- Tiger21 replied Oct 28, 2009
Seeing strong correlation between the dollar and gold right now as the dollar continues to rally for the fifth straight day and gold continues to decline. At this point it appears that buyers expect more selling and are waiting on the sidelines ...
- Tiger21 replied Oct 28, 2009
Inflation in Germany could be back as it reports its estimate for CPI. Although throughout much of the euro zone retail sales are low, unemployment is high, home sales are weak and banks are reluctant to lend, Germany is experiencing better times. ...
- Tiger21 replied Oct 27, 2009
The yen went down a little on news that Japan retail sales slid for the 13th month in September. Sales were down 1.4% from a year earlier although analysts estimated that it would be down 1.6%. Last week’s five-day Silver Week holiday was expected ...
- Tiger21 replied Oct 27, 2009
The yen went down a little on news that Japan retail sales slid for the 13th month in September. Sales were down 1.4% from a year earlier although analysts estimated that it would be down 1.6%. Last week’s five-day Silver Week holiday was expected ...