With the expected move out of USD coming together over night, we’ve seen more than enough follow through here to confirm what was suggested yesterday.
Stocks won’t hang on here, and I expect the power of the U.S Dollar “repatriation trade” to flatten gold here as well.
For those of you “investor types” I imagine you’ve come this far so a couple more months ( and perhaps further drawdown ) as gold slides into “its final leg lower” likely won’t kill you.
However for those looking at gold,silver and the related mining stocks as a trade….unfortunately – I see lower prices – before higher.
This is no “small blip” as far as USD is concerned, likely marking a significant turn “not only in the currency” but “in all” that it affects.
So far only the European currencies have taken the initial hit, but it won’t be too long now til we see the Canadian Dollar, as well Australian and New Zealand follow suit, and I’m not talking about a trade here……I’m talking about a major shift over the medium and even long-term investment horizons.
Top call still very much so “intact” here as of today – with the “Members of Kong” doing very nicely in our first month working together. Feel free to poke around the members site, and hey….you can even join us if you’d like. I’d take an additional 20 if you want to contact me over the weekend at : [email protected]
Have a great weekend everyone! It’s sun sun sunshine here!
Thanks for the update. I don’t have much gold exposure yet but I’ve started throwing a couple bucks at gold miners each month. You say the ship takes a long time to turn so I am going slow.
Your comment on USD/CAD is also one that has a big affect on me…
Thanks again for the perspective.
I see USD/CAD moving pretty huge over coming months Jworthy….like…..CAD taking a real hit as money pours back into USD.
As per the last time something like this happened it “won’t last forever” but……commods like CAD get the wind taken out of them HARD when risk comes off.
And ( in case no one has noticed yet ) it’s coming off.
Excellent. Thanks for the heads-up!
Fantastic week Kong. Your analysis has directly contributed to 952 pips in the bag. My sincerest thanks. Have a good ‘en.
This is what I like to hear! Nice work.
Now if you could just get out and let the rest of the planet know! He he he …….
Thanks a lot – glad to hear you’re doing well.
hi .. Kong, already sent an email today regarding the registered payment. Hope you find it today. Waiting it ..