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How many banks took a hit when the Swiss Franc rocketed.
probably none. The cartel probably all got a nod and a wink and took a position to profit from the pending announcement, followed swiftly by….. A surprise public announcement !
Well, QE has helped in US but each one helped less.
any extra cash folks get is being used to pay debt and not being used to buy more stuff, thus velocity is slowing and thus the QE is not having the desired effect.
I think it would give a short term boost to markets. There again maybe it doesn’t happen full stop. Goldman maybe scaring shorters out before it tanks ? Smoke and bloody mirrors.
if they bail out Greece again then do they have funds for QE? If that happens then that’s negative for markets (I think!)
sold last bit of gold and will reverse short in the 1270’s , stop over 1286 , where the bear case fails
Still have a gold position, its in the momey just not as much as it was., figure this will be a spike on historic charts….. He said……
Still have a gold position, its in the momey just not as much as it was., figure this will be a spike on historic charts….. He said……
the very base of the spike :p
Does the Swiss news have to follow the three move rule, a la FMOC etc.
Never give up, never surrender.
There was a desire to tag Ftse 6500 and close Dax above 10k before
some other piece of bad news hit the wires.Never give up, never surrender.
EcB qe will get the Dax to new highs and maybe Cac etc but
I don’t see the Ftse at all time highs and I can’t see this
alone pushing US stocks to all time highs.Even tonight we have reports of yet more terror related
police action in Belgium.Atm it looks like next weeks EcB could delay more falls
but that all depends on the detail and events which
are coming every week plus the Greek election.Never give up, never surrender.
Looking at the charts I would be surprise if any of the
other euroland stock markets hit all time highs.So its the bank heavy Dax which will front run a rally
based on whatever the EcB have to announce.Never give up, never surrender.
US futs have taken a mini bath overnight almost to an extreme
where a sharp move is coming. A case can be made for up or
down but as I am keeping a low profile until OE (better still
this week) is done, it’s not for me.A Ftse early drop then rally into the close is what seems
most likely to me but again I am not trading today.Plenty of action next week.
Never give up, never surrender.
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