This is the theme of the Rickards "Currency Wars" book. Russia and China would start trading in Gold. otherwise, IMHO the dx move Wed was just a buy the rumor sell the fact trade. Doubt any of this has anything to do with gold and everything to do with oil. Saudi can knock off North Dakota and Russia at the same time.
Don't wear Tin Foil Hats Tin Foil Hats Actually Make it Easier for the Government to Track Your Thoughts
yes, but everybody knows that, so if you wear one, the government will think you don't care if they track you and will spend their time trying to track people without tin foil hats "OK People, thank you for showing up on such short notice, lunch will be served at 11:30 and we will take a 30 minute break after which there will be a Q&A and we hope you will all be proactive in your interface. It's a Brave New World out there and the people we are tracking no longer walk around wearing tin foil hats. So....just be aware.....John? Do you have anything to add????" (typical government meeting)
these people haven't thought it all through. And they are also unconscionable leading retired pensioners into gold with their conspiracy theory at a point in their lives when they are more fearful in general. I wish i could meet these gold pushing dickholes in a dark alley bareknuckled. Bunch of fucking turds. Gold vs USD will work towards the top of the channel its been in, at which point i will short the fucking living fuckhole out of it again. Its going to $800, then reassess. The dollar didn't rally initially after the fed rate hike for such obvious reasons I refuse to take the time to type. Its clear these people don't really follow the markets. Please, reading shit like this from total idiots will only get you poor.
lol. The dollar trade has near limitless capital at this point. The dollar did not go higher initially because Yellen talked it down unlike anything we have seen since Greenspan. Heck, now that i think of it maybe there was some actual Greenspan consultation in there (and Goldman). If you have studied the yield curve and the economic cycles (i.e. 90% of the time an inverted yield curve determines recession etc etc) - you would know what Yellen said was exactly what the dollar bulls did not want to hear. She basically admitted that the fed is hog tied and the dollar is going to determine where rates go - and ultimately the steepness of the yield curve. Sort of - but holy fuck!! They are attached with reality! Whether lip service and manipulation vs the truth remains to be seen, but it was brilliant. she called out what every trader has relied upon for years. Is she playing tease with the yield curve or does she really mean it? Its a head game, because we need to figure out exactly just how stupid she is and if dollar longs are being played or bluffed. Poker with Janet. Is this not clear to everyone? So..... now we traders determine the forward yield curve? Do the dollar whales call her bluff? One thing seems for sure to me - it isn't the trade it was a week ago. Take Profits and think harder. Thats why the dollar did not rally.