More Of The Same – Markets Chase Tail

Gold taking a bounce here as would be expected.

I’ve got plans to sell nearly anything and “everything” gold and silver related mid-week “next week” on whatever continued strength.

You can’t look past the fact that tensions with Russia ( as well China really ) could put even more strain on the U.S Dollar ( ie……these big boys “selling” ) so……with this in mind….do I think the Fed will let go of its grasp on gold and silver in the paper market “tomorrow”?

Not likely.

Otherwise….stopped out on GBP/AUD and will just try again. So it goes…..so goes trading – no big thing.

Otherwise….all data out of U.S continues to “completely miss” with this morning looking as bleak as ever…so obviously stocks rise.

Yen strength here ( odd in light of “risk” climbing higher ) in stark contrast to “all is well” mentality running at extremes.

Night night Ukraine as the IMF finally gets its mits on The Ukraine with promise of massive loans etc..

Friday morning with little else to say or do.

 

Have a good weekend all.

 

 

 

5 Responses

  1. Careydina April 4, 2014 / 8:14 am

    AJ and AU up the new high. I expected it will go up a bit more before it down hard.

  2. devilyell April 4, 2014 / 8:29 am

    “…all data out of U.S continues to “completely miss” with this morning looking as bleak as ever…so obviously stocks rise.”

    Great Kong! You said it all!

    I continue to enjoy and learn from your posts. Congratulations and best wishes for your nuptials.

    Good weekend to you, Mrs. K, and your readers.

    Dev

  3. Warren April 4, 2014 / 9:17 am

    So is it habanero challenge time Kong?

    • Pot Stock Watch April 4, 2014 / 10:31 am

      He he he he…..thanfully “no” as I’m long and since “out of that” being that Gold was up near 1400.00 just a couple weeks ago and the U.S Dollar far,far undervalued since Nov so….a bullet dodged there.

      I remember speaking of habanero’s again here recently but can’t quite place it / the call?

      Refresh my memory Warren…..I “hope” I’m out of the woods!?

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