Déjà vu ....Third week in a row. All markets ready on the launching platform aligned on exactly the same levels. The name of the game: Fiscal Cliff (final week...hopefully). Only dollar leading the break (down) last week and Gold very timid and cautious as usual until the news are confirmed.
Same trades, same levels, same targets, same all across the board ...just wait and see until the politicians decide the last move of the year. An agreement seems to be around the corner after this weekend with extra fuel from Japan with a very vocal new Government which basically is free printing money (literally) forever .... good short term for stocks but we are reaching the point of no return there. Forget about the US or the EZ debt crisis, the next risk event is forming in Japan with a tsunami force that will make EZ debt looks very tiny .....well but that is for later....
sisse
Same trades, same levels, same targets, same all across the board ...just wait and see until the politicians decide the last move of the year. An agreement seems to be around the corner after this weekend with extra fuel from Japan with a very vocal new Government which basically is free printing money (literally) forever .... good short term for stocks but we are reaching the point of no return there. Forget about the US or the EZ debt crisis, the next risk event is forming in Japan with a tsunami force that will make EZ debt looks very tiny .....well but that is for later....
sisse
Pending conversations? PM for a chat...I am mainly in OTM now