Member
Posted 17 January 2017 - 02:14 PM
Trump Says "Dollar Too Strong"- Gold Breaks $1215, Silver to .
Note that until last night Trump was pro a strong dollar and gave indications he was pro the Border Adjustment Tax.
Yesterday all my dollar troubles were so far away...and now they're here to stay...
The dollar - historically speaking...
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
Member
Posted 17 January 2017 - 07:47 PM
Better if someone makes money building something people can actually use,
instead of making money by just shuffling paper, and making a few strokes on keypad & mouse.
hehehe... tour china and tell me how good it is... thousands of empty buildings there, brand new. How do those loans get serviced? Where's the tax revenue going to come from to support it?
There's a limit to everything, including building.
It seems like these empty buildings are being purchased with actual yuan by the 1% percenters in China. I think the 1% percenters in China have tons of yuan printed up and put up in stacks in hidden areas. They are probably instructed not to spend too much when inflation gets too high or transfer too much money into foreign currencies when the yuan is too weak like it was in the recent past.
That's the long-term problem for the yuan. There's way too much yuan printed up, and that's why there are capital controls like crazy. With that being said, I think Trump wants a weaker dollar to boost manufacturing. However, Yellen is going to be raising rates to try to really put some screws into Trump. I think the dollar really tanks after she gets replaced in February 2018.
Volume Dynamics Specialist
Posted 17 January 2017 - 08:13 PM
He, so no worries about Germany and the Euro, eh?
The pile of garbage they are sitting on dwarfs the size of any actions taken by these hair-brained central bankers. including the $$ sum of all their actions taken to date.
We see how well doubling down on stupid has worked out...
Like I said earlier, think of a tennis match, the players and the Worldwide media are just concentrating on that game, being played on an aircraft carrier deck.....
No one is looking at the fact it is on an aircraft carrier and it is sinking....
One minute you are watching a game, the next is life or death...
And that's the stakes and the steaks of it...
As far as the bears and the bulls are concerned, one is going to end up as a fur coat and the other DINNER !
They are too busy with the tennis match to see what's about to hit them...
A trillion here (Unfunded Employeed pension liability), 20 Trillion here(rounded US Debt)... sooner or later it hits like a brick wall.
Member
Posted 18 January 2017 - 05:12 AM
The Trump comment may have been used as an excuse to bash dollar and pump up gold, however, in the background the commercials have increased for first time in a long time their long gold positions. Basically, I am saying that the fundamentals of the trade for the smart money was in place well before his tweet was used to take action. Just like the market was going to go up no matter who won the election. Trade the right data and it should minimize the risks.
