Friday, July 29, 2011

1022 EDT update

Expect relaxation in bonds soon. It is happening now in $A and ­€. £ may have reached its peak, and $C its low.

Looks like politicians are being donkeys. If that continues through Monday Midnight, expect the unexpected. Midnight in DC is 8AM in London, just in time for the traders to really get ready, though who knows what reality will be.

One might expect gold up, everything else that is denominated in USD down, but I will wait until the smoke clears before getting in the middle of that possible chaos.

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