Hi readers
We are seeing some nice moves in the market.
Some jumped in early while others want to witness.
Gold had a nice fall and I think it's wise to use caution.
Word has it the elephant could be on a war path again with gold...(JPM)
My view on gold hasn't changed I'm still negative on it.
In stocks we are seeing some of the results that came out are not what they are cracked up to be.
In an non American eyes , it's more fancy American accounting than real results.
Real result are proven with dividends being paid out.
Something the Australia stocks do.
In currencies we can start to see what the fed is doing.
Devaluing ahead of a rate rise so the dollar can stabilise around these levels.
The A$ is going to just float around 75-80 for a while I believe.
With the slow improvement of coal prices the economy just might hold it together, but that will depend on the budget.
Disclosure
Long term trades
Short FB&TWTR stock and options
Short term
Short AAPL,FB NFLX
Short NAS,S&P and Hang Seng.
We are seeing some nice moves in the market.
Some jumped in early while others want to witness.
Gold had a nice fall and I think it's wise to use caution.
Word has it the elephant could be on a war path again with gold...(JPM)
My view on gold hasn't changed I'm still negative on it.
In stocks we are seeing some of the results that came out are not what they are cracked up to be.
In an non American eyes , it's more fancy American accounting than real results.
Real result are proven with dividends being paid out.
Something the Australia stocks do.
In currencies we can start to see what the fed is doing.
Devaluing ahead of a rate rise so the dollar can stabilise around these levels.
The A$ is going to just float around 75-80 for a while I believe.
With the slow improvement of coal prices the economy just might hold it together, but that will depend on the budget.
Disclosure
Long term trades
Short FB&TWTR stock and options
Short term
Short AAPL,FB NFLX
Short NAS,S&P and Hang Seng.
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