I'm still holding long A/U and short U/cad , as I said before I see- A/U at .9150 and U/cad at 1.031-32
- #18,102
- Mar 2, 2010 6:02am Mar 2, 2010 6:02am
- Joined Apr 2009 | Status: RETIRED | 1,947 Posts
Alright bugger it. I will make an AUD call and nobody can stop me:
Until the next major credit crisis occurs in the US (Corporate Bonds blowup or State/Muni Bonds blowup would be my two top picks) the price of AUD will remain coupled to gold and equities prices.
So until gold is convincingly breaking 1120, don't bother shorting unless you expect to wake up to the next Lehman tomorrow (and hey, I wouldn't fault you).
EDIT: Shah, beat me to it while I was typing.
Until the next major credit crisis occurs in the US (Corporate Bonds blowup or State/Muni Bonds blowup would be my two top picks) the price of AUD will remain coupled to gold and equities prices.
So until gold is convincingly breaking 1120, don't bother shorting unless you expect to wake up to the next Lehman tomorrow (and hey, I wouldn't fault you).
EDIT: Shah, beat me to it while I was typing.
- #18,103
- Mar 2, 2010 6:15am Mar 2, 2010 6:15am
- | Commercial User | Joined Sep 2009 | 1,006 Posts
Alright bugger it. I will make an AUD call and nobody can stop me:
Until the next major credit crisis occurs in the US (Corporate Bonds blowup or State/Muni Bonds blowup would be my two top picks) the price of AUD will remain coupled to gold and equities prices.
So until gold is convincingly breaking 1120, don't bother shorting unless you expect to wake up to the next Lehman tomorrow (and hey, I wouldn't fault you).
EDIT: Shah, beat me to it while I was typing.
Find a job that you love and you dont have to work again in your life.
- #18,104
- Mar 2, 2010 6:26am Mar 2, 2010 6:26am
- | Joined Aug 2009 | Status: Trader | 2,585 Posts
Im proud of the london session...good job guys and gals 
Annoying Precision
- #18,105
- Mar 2, 2010 6:30am Mar 2, 2010 6:30am
my thoughts are, china is investing huge amounts of money, australia are selling commodities to china. If the rest of the world is still struggling people wont be buying what china has made, possibly causing them problems and taking australia with them
- #18,106
- Mar 2, 2010 7:04am Mar 2, 2010 7:04am
- | Joined Apr 2008 | Status: Trader | 7,674 Posts
gold is testing upper TL resistance
- #18,109
- Mar 2, 2010 7:42am Mar 2, 2010 7:42am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
When this baby hits 88 miles per hour, you're gonna see some serious s***.
Face both Win and Lose bravely- #18,114
- Mar 2, 2010 8:24am Mar 2, 2010 8:24am
- Joined Jul 2009 | Status: The Alchemist | 8,917 Posts
Ooooooooo!!!! My god, i missed the boat.
