Hmmm. Tough Call. I know what I 'Want to Happen' but it needs more Influence. Perhaps NFP can tip the scale. Actually.... It willl.
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DislikedHmmm. Tough Call. I know what I 'Want to Happen' but it needs more Influence. Perhaps NFP can tip the scale. Actually.... It willl.
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DislikedI regret I did not write down the source, but I read yesterday of the Swiss government mulling over considerations to incorporate Gold into their currency. Might be something to keep an eye out on over the horizon.
Regards,
xXTrizzleXxIgnored
Dislikedhere's the link: http://www.forexfactory.com/news.php?do=news&id=302874
I am not surprised by this, in fact there has been talk by economist to exchange US dollar to Gold standard.
I believe by the US raising the debt ceiling, the feds will print more money which lead to depreciation of USD. More "hot money" in flow to the commodities and developing countries market i.e: like Indonesia, China, India, etc.
The fact that Chinese have been accumulating gold bars, and buying other commodities ie: Coal, copper, oil rigs have clearly...Ignored
DislikedI did showed on my graph a few days earlier the 1544 resistance. Next up is 1574 and then God knowsIgnored
DislikedI'm pretty much done for the day.
Market a bit to choppy still to position trade xurrencies
So just basically day trading.
I don't see gold sparkling to much until NFP tomorrow which I certainly expect to be poor.
Keep an eye on tonight's PA for clues as to positions.
See ya later Guys and Gals gotta run.
X.Ignored