Matter of Money

127.50 has acted as support for now. But there are lots of political downside risks for the EUR I suppose. So I take only small positions here after the already impressive run-up. Targets: 130, 135, 137.50 If it breaks down, the 120 level could mark the next big fight.

Yes, this was a bloodbath. Yes, I am underwater for my precious metals positions last week. Yes, I survived what was the biggest weakly decline ever in gold (so I read). So time to think positively. Silver has simply dropped into another "box" as marked on this monthly chart: Of course I didn't have the patience to only trade monthly zones, so I already picked up some bad positions on the way down at weekly levels: So this is more or less what I expect: the 22.50 will hold for now and we will see a retracement up to 25.00 or 26.25 from where it can break down again to (hopefully) 20.00$. That wash-out should be enough to make silver again attractive for big investors.

This AUDJPY is coming off handsomely. My aggressive profit target is 105, but let's see how the other markets develop.

Ok, I don't know their recent numbers. But as far as I see in Zurich's Apple shop, people are still not tired of this stuff. So now seems to be a good time to wet your feet in Apple stock. Edit 4.5.2013: Would have been up about $50...hold on until it hits 500. Disclaimer: I present only my opinions. Don't take this as investment advice.

Wow, over 54% of the year Germans work for the government. That's sobering! http://www.zerohedge.com/news/2013-04-15/guest-post-how-prove-benjamin-franklin-wrong-about-taxes Saint Kitts will grant citizenship for an investment of 400.000 dollars . Sounds like a bargain when you know how much goes to aunt Merkel.

...or Kuroda is working overtime.

This profit target is kind of a long shot. Might be naive with all the funny money to expect a correction like that. But my stop-loss is in place. Let's see if I have the patience to wait out the result... Edit 11.04.2013: Wow, how quickly the printing presses slapped my face for this one.

What a week! The Japanese, in a hurry to destroy their currency, have shifted into the next gear increasing their monthly quantitative easing to something like 7 trillion yen. I couldn't even write that number. In comparison to the Fed's QE that is like 2.5 times as much I understand from  Zerohedge . Insane! But what choice do they have? Bankruptcy? Not until the looting becomes uneconomical because all wealth has been taken. Feels like time is running out and the big global grabfest has started. That is also the headline for Cyprus. I heard that the Fed is buying around 90% of all issued US government bonds. What a scam! And the US is currently still the most beautiful of all ugly swines. Ok, let me look at some charts. First the S&P: The S&P's situation is a bit vague. Was this a breakout? Was it not? To me it looks like it stepped over the line and the 1540/1550 level is currently support. Which does not mean it can't. Clearly, the breakout is str...

I am stacking up at this support. Chances are that silver turns up again. If not, we can see a big drop to 20-21. Not much in the way except some round number maybe.