Pascal
07-12-2016, 12:52 PM
The issue of today's market is that because central banks are the real buyers of assets while keeping rates low, there is no remaining short-seller.
Under such circumstances, gold should be going to new highs, but gold is under heavy pressure today.
36943
The Yen is heavily sold, while the US$... is also sold.
36944
36945
Oil is also very strong today, pushing energy with it. Probably the result of the Chinese territorial claims being dashed by independent courts. This probably means a cold war starting between China and the US, with its side effects: China selling US Treasuries.
I have a 10% short position (underwater) in this market, hoping that the earnings season will bring "value" to the front burner instead of Central Banks. Probably wishful thinking...
Pascal
Under such circumstances, gold should be going to new highs, but gold is under heavy pressure today.
36943
The Yen is heavily sold, while the US$... is also sold.
36944
36945
Oil is also very strong today, pushing energy with it. Probably the result of the Chinese territorial claims being dashed by independent courts. This probably means a cold war starting between China and the US, with its side effects: China selling US Treasuries.
I have a 10% short position (underwater) in this market, hoping that the earnings season will bring "value" to the front burner instead of Central Banks. Probably wishful thinking...
Pascal