tag:blogger.com,1999:blog-2643613788950912206.post7257308560866112654..comments2023-09-17T02:33:56.785-05:00Comments on The TSI Trader: US Dollar - Failed Daily Cycle ConfirmedJohn Townsendhttp://www.blogger.com/profile/13243755287314446656noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2643613788950912206.post-53447821846564174492011-03-17T04:31:41.949-05:002011-03-17T04:31:41.949-05:00Fung -- well, you know me. I don't sell when ...Fung -- well, you know me. I don't sell when I get under water. I wait. At least usually. AGQ - I guess it all depends on how quickly the Japanese can get control of their nuclear reactors. So long as there is this profound uncertainty all asset classes are under intense selling pressure. I do think that once the uncertainty is allieviated gold and silver will begin their parabolic move. <br /><br />Silverwood -- once the world grasps that the mighty US Dollar is going down for the count there will be so much liquidity hit the hedgies it will flatten them out like a pancake.John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-56331662173744476852011-03-17T02:28:24.092-05:002011-03-17T02:28:24.092-05:00John, yes the repatration of Yen by Japanese insur...John, yes the repatration of Yen by Japanese insurance companies,et al, has put a bee in the bonnet of those carry trade players and this was a strong driver in the markets today. I hope this will give cause to get those hedgies short on the PM miner incentive to cover.silverwoodhttps://www.blogger.com/profile/06356548144251479901noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-23281307537025542402011-03-16T23:22:20.917-05:002011-03-16T23:22:20.917-05:00Hi John,
I have sold 1/2 of my AGQ last night. It...Hi John,<br /><br />I have sold 1/2 of my AGQ last night. It has since dropped even further. I am looking to get into full position again. Do you have any suggestion on the next entry price?<br /><br />Thanks.Funghttps://www.blogger.com/profile/02021422171993122484noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-74723617594504325812011-03-16T19:34:45.646-05:002011-03-16T19:34:45.646-05:00John,
That sure is a beautiful head and shoul...John,<br /> That sure is a beautiful head and shoulders pattern of the dollar index. Now if we can just get it to break the neck line at 76. <br /> Doesn't it seem strangely rediculous that it took and earthquake to save the dollar and give it a few more days to live?Montyhttps://www.blogger.com/profile/04208974431161689537noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-43357903369733371312011-03-16T19:17:59.739-05:002011-03-16T19:17:59.739-05:00If I had to guess, I imagine huge money interests ...If I had to guess, I imagine huge money interests are getting big margin calls on their Yen carry trade positions. They need to liquidate assets to answer the margin call that is due to the skyrocketing Yen. <br /><br />As for miners, study carefully Q1 2008, as it appears to be something of a carbon copy of where we are today. <br /><br />The S&P was then just beginning to roll over into a protracted bear market leg that eventually took it to 666. <br /><br />The dollar fell from 78 in mid-December 2007 to 71 by mid-March 2008. Meanwhile the miners ($HUI), in the same time period, rocketed from 375 to 520 - a gain of 38% coinciding with the gold and silver parabolics of 2008.<br /><br />Incidentally, the S&P 500, in the same time period, plummeted from 1525 to nearly 1250 - a drop of 275 points or 18%.<br /><br />Believe it or not, it is possible for both the stock market and dollar to crash while gold and silver and their miners make a huge move higher.<br /><br />Thank you for your question.John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-59761886782755050442011-03-16T18:27:05.239-05:002011-03-16T18:27:05.239-05:00if this is true, why are gold and silver crashing ...if this is true, why are gold and silver crashing with the USD?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-26343906753049141612011-03-16T17:35:52.914-05:002011-03-16T17:35:52.914-05:00gold miner:if market goes down,miners will follow....gold miner:if market goes down,miners will follow.so i think parabolic rise gold sent .com want is just wishful thinking.Anonymousnoreply@blogger.com