13 thoughts on “CHART OF THE DAY

  1. Lance

    From the look of these charts, it seems to me that the final low for gold has better odds in June 2016 rather than Agust 2015.

  2. Li

    I’m completely stunned by the move in the Euro today. It looks possible that it could rally over 1.15, and cause a short squeeze to the 200 day MA. Presumably, that would take the dollar down to its 200 day MA as well. I would have called such a notion completely crazy Sunday night, but … I guess it makes some sense that a Greek exit is actually bullish for the Euro because the drama would be done.

    1. gary Post author

      The rally had nothing to do with fundamentals, the SNB intervened in the currency market.

      1. Li

        Thanks, Gary. I find it amazing that the central bank of a tiny country has the ability and determination to intervene when both the ECB and the Fed (apparently) sat on the sidelines. I’ve got a lot to learn about the currency markets.

  3. Marek

    The question is when the current Kuznets cycle of rising USD will end. Dollar tops : 1969, 1985, 2001 and …(?)

  4. Dan

    Mining stocks stinking the joint up today, hurry up and get the “comical, no bid” washout started already…

  5. Joe

    Any comment on the market carnage today? If Greece defaults (as looks likely) and China keeps tanking, it looks like there’s more to come.

  6. red

    Gold is not going to rebound unless there is crisis in US.. so just put that idea to sleep for a while

  7. mark

    I’m not that brave right now. If it was just Greece, I’d not be terribly concerned. But the news out of Puerto Rico has a lot of fund managers in a tizzy, because they have a ton of exposure to those tax free bonds. Between the two, Greece and PR, I’m simply chicken to jump in here and try and ride a bounce. Things are just a bit too fluid for my tastes. 

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