Tuesday, 31 January 2012
Monday, 30 January 2012
For rugby fans
..but maybe not good memories for England supporters !
I was fortunate to be invited to a dinner with the England sqaud before that fateful tour that virtually destroyed Tony Underwood's international career !
http://www.safehaven.com/article/24178/the-debt-crisis-is-about-to-go-jonah-lomu-on-the-central-banker-defensive-line?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+safehaven%2Fall-articles+%28Safehaven+-+Most+Recent+Articles%29
I was fortunate to be invited to a dinner with the England sqaud before that fateful tour that virtually destroyed Tony Underwood's international career !
http://www.safehaven.com/article/24178/the-debt-crisis-is-about-to-go-jonah-lomu-on-the-central-banker-defensive-line?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+safehaven%2Fall-articles+%28Safehaven+-+Most+Recent+Articles%29
Sunday, 29 January 2012
Gold
I'm unsure about gold at the moment.I wasn't expecting last week's break out of the triangle.Someone told me it will correct becuase volume on GLD was weak,but volume on the futures appears to have been larger than normal.I am very bullish longer term though as I believe central banks will keep debasing their currencies and emerging economies like China will keep accumulating.If this move fails it may do so in the 50-62.5% retracement zone shown.
Saturday, 28 January 2012
Friday, 27 January 2012
Thursday, 26 January 2012
Well no offer of QE3 from Bernanke yet the US markets (and gold) shot higher.Pretty hard to understand what is going on but I think bears just need to be patient.The European markets feel tired,which is hardly surprising given the economic and political backdrop.I will just post the one chart which is a simple trendline from the highs on the S&P,posted by Sqwii on his blog (link on bloglist) His 1330 resistance zone is close to 1333 which is significant from a Gann perspective as it is twice the 666 low.I also had some EW targets around 1333 in a chart I posted a few days ago.
I really expected markets to have topped by now,with the various cycles that clustered .Today was 1080 trading days from the 1576 top,potentially another turn day. We also got aVix sell signal today for stocks,with the Vix closing back above the bollinger band
I really expected markets to have topped by now,with the various cycles that clustered .Today was 1080 trading days from the 1576 top,potentially another turn day. We also got aVix sell signal today for stocks,with the Vix closing back above the bollinger band
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