Clearly we can expect MASSIVE EFFORTS to save the dollar, whenever 130 Euro is approached.
And, Today's action is truly amazing!
GOLD STOCKS ARE SELLING OFF LIKE MAD!
(WITH THE EXCEPTION OF AU WHICH I CALLED AS A BUY, LAST NIGHT. BUT ALAS, NOW EVEN AU IS JOINING THE DOWNTREND.)
STILL, DURING THE XAU SNAPBACK PHASE, AU WILL OUTPERFORM ALL OF THE OTHERS.
GOOD NEWS FOR DAYTRADERS.
And, the idea of Japan raising its "terror alert" was a "nice touch."
A very creative way to lower the Yen, ON THE CHEAP!
PERHAPS WE'LL SEE MORE "CREATIVE" CURRENCY INTERVENTIONS IN THE FUTURE? Ya think?
MEANWHILE, SIT BACK AND ENJOY THE "PLAY."
DOLLAR SOARS, AS STOCK AND BOND MARKETS DROP, AND GOLD PLUNGES!
This could get the Pulitzer Prize for FICTION!
NONE OF IT IS "REAL."
ALTHOUGH IT IS "INTERESTING" TO WATCH THESE "HIDDEN FORCES" INTERACT.
http://www.bloomberg.com/news/markets/currencies.html
