Short Gold — Shorted Gold. Small position, but I think we're at least near the top, (if not already there).

Auslanco - GBP/JPY and GBP/USD (newstrade)

That's my view. And if it plays out and Gold collapses, UY and GY will fly.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Yea, I see that — Very true, but they got their 20 points. Question is whether those orders were the herd jumping onto the 2000 buck bandwagon or institutionals.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Best I can do is ebook i'm afraid.

Auslanco - GBP/JPY and GBP/USD (newstrade)

60m Gold — Just looking at the 60m chart, upmove looks weak and has found sellers. (last bar nearly a doji on high vol). Just how many buyers will step back in I don't know, but there are signs of selling.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Gold — Gold being sold off heavily. I have a spare copy of MTM if you've lost yours.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Well..... — We'll see....

Auslanco - GBP/JPY and GBP/USD (newstrade)

Don't think so... — That would be a massive shock considering Governor King wanted to print an extra £25Bn last month. My guess is they'll keep things static and hope for the best. There is no great appetite for a much stronger Pound just ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

143.21 — I am watching the weekly open at 143.21. Break that and we could fly up.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Gold VSA — OK, very early signs of some selling yesterday. Hasn't followed through today yet, but yesterday's volume was higher than the previous 2 bars with a lower rise, signifies sellers. Daily chart. image Like I say, early signs, but ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Thoughts — OK,so Dollar still looks weak, Sterling is having trouble breaking up, while Aussie and Gold are flying. Strange to say this, but I favour the trip north for UY and GY. My reasoning is simple; Gold is fast becoming the new Oil, ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

4hr VSA — Following on from the VSA analysis I posted earlier today, this 4hr chart is worth a look. image Look at the last 3 volume bars in relation to the price bars above: The first volume bar was average volume for the time of day and ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Yep — Exactly. The 10 Trillion dollar question is whether the currencies lag the Indices or indices lag the currencies. My bet is that currencies do not set the agenda, they can be 'controlled', (albeit in a very blunt way), by central banks. ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

RonPaul — I hope he was able to withstand the drawdown. Was a good call.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Dennis Gartman — Interesting phone convo between Gartman and Deidre Bolton on Bloomies today. Talking about Gold. His words: (para) 'Gold will stop where it stops, usually when the rest of the World has joined the party too late. I've received ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Today's downmove now pretty much wiped out.

Auslanco - GBP/JPY and GBP/USD (newstrade)

ha ha — Well, my previous long is now in profit. I got in too early. lol. Closed +80 pips. Let's see who's behind this move.... This is exactly what happened at 118 and we all know what happened there.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Orders — A significant amount of long orders at 139.75. This move up looks almost intervention-like. Time will tell if this is merely a trade from the previous low or something more.

Auslanco - GBP/JPY and GBP/USD (newstrade)

VSA Rationale — OK, here's an alternative view based purely on VSA. 1hr chart, first triangle showed high volume on the retracement up, signifies sellers. The second triangle is in play right now, higher volume but no retracement to sell into. ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Gold — Gold in starting to look 'bubblish' to me. Not certain of that, but these moves look suspiciosly trappish.

Auslanco - GBP/JPY and GBP/USD (newstrade)