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The Market/FX Correlation Pair Of Choice: EUR-JPY
To the dismay of some CNBC pundits who are presenting a "strong dollar" decoupling case for equities, the key thing that they constantly forget are the numerous constituents of the DXY. A slightly more granular analysis of FX pairs indicated that everything is still as expected, with the JPY-EUR leading the way as usual. And that particular "micro leading" indicator just snapped.
Update: this is what a twang looks like. Is someone calling the BOJ's bluff?
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Off Topic: Does anyone have any opinions/information on the credibility of the Internet posts of ANOTHER, FOA and FOFOA? Those are some pretty intense THOUGHTS!
Thanks
http://fofoa.blogspot.com/
http://www.usagold.com/goldtrail/archives/another1.html
http://www.usagold.com/goldtrail/archives/goldtrailone.html
FOFOA is the best gold blog online.
+10
talking his book like the rest of them
where are all the gold bugs...? oddly silent after much balihooing about how gold and everything dollar linked was going straight upwards without any thought to the dxy/eur-jpy cross correlations...? weird how dollar strength is pushing gold down. and crude, nice little dip below 70 here.
bhueller?
Some gloat when government manipulation is working; gold bugs gloat when it is not. I think that explains it.
In Dollar there is a normal reaction in the POG; in euro and yen it could be a double and triple top.
The more interesting question is if the actual price reflects physical supply.
The US mint once again stopped sales due to inventory depletion.
http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=94091&sn=Detail
Falling prices and shortages usually do not happen at the same time.
Naked short selling would explain that nicely.
If China really buys gold, the shorts are in trouble, if not it is business as usual.
where are all the gold bugs...? oddly silent after much balihooing about how gold and everything dollar linked was going straight upwards without any thought to the dxy/eur-jpy cross correlations...? weird how dollar strength is pushing gold down
Who's surprised at this? Nothing wierd about it--
Gold has been trading inverse USD for quite some time--
Gold and dollar are not as you suggest always corrolated--
They have and will again,link up and trade together and compete as currency's--
The real safehaven play--USD and Gold--
Of course gold will do what it's supposed to--it always does--
It just doesn't do it,when everyone thinks it should--
Short EUD/USD working for US...
http://www.jubileeprosperity.com/
Thanks, ZH. I wasn't looking at that. Now I am.
BofA SEC hearings back on
mms://wms-rbn-sea010.rbn.com/cspan/cspan/wmlive/cspan3v.asf
comment
(is it my DSL connection? or is ZH a slow site?)
I think someone attacks ZH site. I can't get on at least once a day. I blame Goldman.
Oddly enough, ZH needs to load balance with a product called:
http://www.squid-cache.org
Where do we stand on Gold and Silver technicals. Can some one point me where i can buy them online.
A ( normal ) 50% retracement of the last rally (from Nov 10, 2008 ) lines up at GLD $95 or so, if this is the case we may get a bounce right around here ( at what may be the halfway point of the correction ).
http://stockcharts.com/h-sc/ui?s=GLD&p=W&yr=3&mn=0&dy=0&id=p76142745927
I am not suggesting that anything "normal" is going on in the markets!
EuroYen is THE central risk metric; not largest, per se but effectively the bellweather.
"the carry trade" term is so bandied about but the king of them all is euroyen; whose pronounced price action is of enormous import to financial markets of all stripes.
gosh ... if ONLY someone had foreseen this us dollar rally and actually detailed the where, why n when instead of just regurgitating worthless drivel about fundamental nonsense. now, where could i find someone like that, hmmm.
by the way, its been more than a week now ... where are all the gold bugs who told us they'd "come back in a week and see where our little red dots are then." don't really hear many goldbugs chiming in this week? where'd ya'll go ?? other than to write another margin check, that is, since "you" kept telling us all to buy on the dips cause 1,xxx is coming by new year's! lol.
ha +1
I guess I'm a gold bug, so I'll respond. I'm just hoping that the gold price goes down more, so I can buy more. I just don't understand currency enough to trade/invest in it. How can the Yen be worth anything? And I'm sure everyone here realizes that good old U.S.A. is never going to be able to pay off its debts. Ever. Give me hard assets before the coming collapse. By the way, I just bought a 1218 sq. ft. house in a good neighborhood, that last year had a full cash value from the accessor's office of $186K. I paid $46K. You want to talk deflation?
by the way, its been more than a week now ... where are all the gold bugs who told us they'd "come back in a week and see where our little red dots are then." don't really hear many goldbugs chiming in this week? where'd ya'll go ?? other than to write another margin check, that is, since "you" kept telling us all to buy on the dips cause 1,xxx is coming by new year's! lol.
I'm long gold--always long --
Also shorted at 1188--
Long USD as well--
I'm not sure i'm right--
The silly part--is you calling a trend here--lol
Still long physical gold. 10% off the all time high doesn't seem like a crushing blow to me.
its not a crushing blow. what we are calling people out on is the denial of the correlation. Gold did not make new highs in any other major free floating currency, certainly not in EUR, AUD, CAD, etc. which means the last two months of move is entirely dollar short. this last week continues to confirm that as dollar strengthens etc etc etc.
its not a crushing blow. what we are calling people out on is the denial of the correlation. Gold did not make new highs in any other major free floating currency, certainly not in EUR, AUD, CAD, etc. which means the last two months of move is entirely dollar short. this last week continues to confirm that as dollar strengthens etc etc etc.
Who denied that?
We haven't had a crash in equity's "yet" either--
As in a real flight to safety--
People who thought hyper-inflation/death of dollar were imminent--are the weak hands in gold--
When markets crash--they puke it up and run to cash-
Gold/miners are sold (wrongly) but they do it anyway--
Then comes the realization,that gold is not tanking in sync with commodities,because those who actually know what gold is,are loading up--then comes the decoupling and the hookup with currency's --
It's happened without fail--
Just hedge--you'll be fine in the long run,with gold--jmo
DXY UPTREND HAS STARTED.
http://www.zerohedge.com/forum/market-outlook-0
Chopshop
Fri, 12/11/2009
#160219 "if ONLY someone had foreseen this us dollar rally and actually detailed the where, why n when..."
I PREDICTED THE USD RALLY MONTHS AGO.
http://www.zerohedge.com/forum/market-outlook-0
Go ahead & take a bow, GS. <claps>
I find AUD/JPY a more useful tool than EUR/JPY
dollar was so over sold it just needed ANY catalyst to start a squeeze and that catalyst was dubai , the dxy has been on an upward trend since that event and I think we rise until
we get another FOMC meeting minute saying 'we still plan to crush the dollar for extended period of time' combined with a big miss on a jobs report and we will be back to business as usual
Grandsupercycle:If I keep on saying that gold is going to ralley all the way from $1225 all the way into $800,and then it rallies from 800-$900,that is no valid prediction. Yeh all deflationist were saying that for the last couple of months since the dxy was at 80 something. Acorrection in a croded trade is not based on fundemental,rather it is good for short term trades. But has anybody took that trade since the 1$=E1.4 untill now,how much he would have lost untill now?
Chart of Charts 121109 -- Boneless Chicken on Hot Tarmac
In some unusual action the normally stable 20 Day Moving Average is
Flipping Around Like A Boneless Chicken on Hot Tarmac
There are alot of elements to this chart. I know it is confusing, spend some time to review it.
On Sunday, I added in the Heat Map (now near the bottom 5 DMA chart), and the little dog started mouthing off too.....
Questions or suggestions appreciated, I will respond as time allows. Sign up as a follower please....it's just a click.
http://oahutrading.blogspot.com/2009/12/chart-of-charts-121109-boneless-...
In some unusual action the normally stable 20 Day Moving Average is
Flipping Around Like A Boneless Chicken on Hot Tarmac
There are alot of elements to this chart. I know it is confusing, spend some time to review it.
On Sunday, I added in the Heat Map (now near the bottom 5 DMA chart), and the little dog started mouthing off too.....
Questions or suggestions appreciated, I will respond as time allows. Sign up as a follower please....it's just a click.
http://oahutrading.blogspot.com/2009/12/chart-of-charts-121109-boneless-...