Unbelievable sell-off in precious metals
We are in the zones... Gold: Silber: Will these stop the fall? We will see...
Posts
Dollar bulls can BTFD
Rumors are spread that yields in USD could potentially rise over the coming months/years, making a long on USD/JPY even a positive carry trade. So for dollar bulls, you should buy the fu*****g dip. Long-term this pair has been said to be headed for 120. I would say long-term there is an impediment in the road at around 110. But still, if you are a bull, this long entry could pay off.
AUDJPY - no fill at 90!!!
My buy orders are still sitting at 90, but the pair already popped up 250 pips. :( If it falls back again I will certainly try to buy that zone again.
Positions
Silver Looking back I was naive on this investment. I got carried away by all the positive commentary and doom stories and actually believed that there was no way but up for silver (and gold). Ok, now I have learned. I should be more careful. AUD Ozzy dollars might be overvalued in the moment. But it's the last carry currency left with its neighbor NZD. And since NZD has strengthened against ozzies by about 1000 pips over the last months, I believe that AUD is the better play currently. Gotta go to IKEA, will continue this later...