29th Nov hour before Europe opens

Hello all

Well you all saw what a lunar eclipse can do. LOL
Much was expected and we had a great trading day.

Lets get one thing straight for all the gold traders.
I'm not going to start criticizing any astrologer for there call on gold.
As I have stated before you use the astrology to confirm your work not lead.
Yesterday in the metals was a lesson for many retail clients.
The ETF market is a retail clients exposure to commodities or indexes, without get into the futures market.
Now the lesson here is and you should make a note of it is that you don't trade options week.
Lets go one step further, there was a put on the GLD yesterday that needed to be protected at any
Cost.
As it happen the writer of the option JPM had to protect the put or else exercising of options would mean JPM would need to come into the gold market and buy a bucket load of gold.
As you know the GLD is backed by gold.
So as it happen JPM yes my friends raped the retail market once again.
Do I care no as we had no position in gold but one thing is to note you need to trade not fall in love with commodities.
There time is mixed going forward apart from coffee which will run like crazy next year.

It's important to note that a deal will be worked out soon in the US, regardless of the media spin,it's almost a done deal, just both sides want there five minutes of fame.

So the 1383 low is it by my outlook, now I'm looking for 1480-1500 in the next 2 to 3 weeks.
Please remember people that its not expensive as the market is still trading at a 12 multiple.


To the MA once again we have had a great month we are however going to tapper off the trading to book the month.

To the financial astrology students please note that with yesterday's lunar bottoms and tops are marked. These should last for at least 60 days if not longer so take note.
While some dislike Gemini moons and use the word deceit, the degree in which its in doesn't warrant this.
I see it as an I said, you said, we said , ok lets just do it
, and we are both heroes.

Questions from email
The US inflation rate is a joke my friends everything is excluded except wages, it's for this reason inflation is not existent.
If the US used the traditional inflation rule of thumb like the rest of the world where everything is included it would be running around 5%.
Not the crap we are fed at the present time.

2.
 In Australia I suspect around 75% of trades are now executed by algorithm.
While many will find it hard to accept this, it's the truth as I have seen them in action.
The same goes with the German market it's for this reason that the volatility has washed out of the market.
You see it in the Vix also , market went down 100 handles from the higher before the election and yet the Vix went down not up.
The little advantages the retailer had over the institutions are fading fast.

It's for this reason I say every serious trader needs to have an understanding of financial astrology.
Will it beat the algorithms on its own maybe not but it will clean up your trading to return you more money.

This was my lesson by my mentor in trading..
In a dam of 5 sharks your always going to get bitten once or twice a month.
In the ocean of 200 sharks your not going to get bitten as often or at all as the ocean is a huge area to cover and territorial.
Think about it..