Comments on: Major Intermarket Relationships Shifting http://blog.afraidtotrade.com/major-intermarket-relationships-shifting/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: A Site Seeing Excursion: Checking Out Financial Blogs | Forex Hour to Hour - Forex Trading News, Forex System Reviews, Twitter Updates http://blog.afraidtotrade.com/major-intermarket-relationships-shifting/comment-page-1/#comment-214918 A Site Seeing Excursion: Checking Out Financial Blogs | Forex Hour to Hour - Forex Trading News, Forex System Reviews, Twitter Updates Sun, 03 Oct 2010 14:21:21 +0000 http://blog.afraidtotrade.com/?p=2701#comment-214918 [...] * Intermarket Relationships – Afraid to Trade tracks several changes in intermarket themes. [...] [...] * Intermarket Relationships – Afraid to Trade tracks several changes in intermarket themes. [...]

]]> By: Richard Bellingham http://blog.afraidtotrade.com/major-intermarket-relationships-shifting/comment-page-1/#comment-127498 Richard Bellingham Thu, 31 Jul 2008 20:14:16 +0000 http://blog.afraidtotrade.com/?p=2701#comment-127498 [resubmitted from an email due to a comment posting error] Corey, your chart is most helpful and timely. On July, 15, the yen carry traders sold oil, USO, to take profits and go long the bank, investment bankers, and stock brokers -- very shrewd. This caused a sell off in gold, GLD. And the interest rate on the 30 year US Treasury Bond, $TYX, rose as concern grew over the Fed lending to and capitalizing the GSEs. And the really big news is that the EUR/JPY, the barometer of the yen carry trade, fell lower today as currencies across the board sold off, with the exception of the Yen which rose by a tiny amount. The yen carry trade unwound on the sell off of the currencies. So we have passed through 'Peak Currencies'. Falling currencies are going to cause disinvestment from stocks world wide. And now with oil rising today, the US dollar traded basically unchanged; and the rally in stocks may have stopped. I believe we have reached 'Peak Dollar'. Gold fell with currencies, but rose during the day as oil rose. Gold is rising to be the defacto world currency and means of garnering and preserving wealth. Your article 'Gold Takes An Unexpected Swing' provides the chart of gold, $GOLD, manifesting an outbreak from former consolidation, with $890 forming a strong base of support. So even though gold did fall today, it still is in a bullish run. Your gold charts are really helpful, so please keep them coming. My full thoughts are in my article Peak Dollar http://my.opera.com/richardinbellingham/blog/2008/07/31/peak-dollar Best To You Richard Gorton Resourceful Bear [resubmitted from an email due to a comment posting error]

Corey, your chart is most helpful and timely.

On July, 15, the yen carry traders sold oil, USO, to take profits and go long the bank, investment bankers, and stock brokers — very shrewd.

This caused a sell off in gold, GLD.

And the interest rate on the 30 year US Treasury Bond, $TYX, rose as concern grew over the Fed lending to and capitalizing the GSEs.

And the really big news is that the EUR/JPY, the barometer of the yen carry trade, fell lower today as currencies across the board sold off, with the exception of the Yen which rose by a tiny amount.

The yen carry trade unwound on the sell off of the currencies. So we have passed through ‘Peak Currencies’.

Falling currencies are going to cause disinvestment from stocks world wide.

And now with oil rising today, the US dollar traded basically unchanged; and the rally in stocks may have stopped. I believe we have reached ‘Peak Dollar’.

Gold fell with currencies, but rose during the day as oil rose.

Gold is rising to be the defacto world currency and means of garnering and preserving wealth.

Your article ‘Gold Takes An Unexpected Swing’ provides the chart of gold, $GOLD, manifesting an outbreak from former consolidation, with $890 forming a strong base of support. So even though gold did fall today, it still is in a bullish run.

Your gold charts are really helpful, so please keep them coming.

My full thoughts are in my article

Peak Dollar

http://my.opera.com/richardinbellingham/blog/2008/07/31/peak-dollar

Best To You

Richard Gorton

Resourceful Bear

]]> By: Jeff Pierce http://blog.afraidtotrade.com/major-intermarket-relationships-shifting/comment-page-1/#comment-127491 Jeff Pierce Thu, 31 Jul 2008 18:40:52 +0000 http://blog.afraidtotrade.com/?p=2701#comment-127491 One other chart you could of analyzed was FXE, which is the euro. One could have seen the double top forming which would have been bullish for the dollar, and bearish for gold. We seem to be at a crossroads where we'll see if the primary bull trend in oil will continue which will affect all the markets. Oil looks weak today, but when oil moves it moves fast. One other chart you could of analyzed was FXE, which is the euro. One could have seen the double top forming which would have been bullish for the dollar, and bearish for gold. We seem to be at a crossroads where we’ll see if the primary bull trend in oil will continue which will affect all the markets. Oil looks weak today, but when oil moves it moves fast.

]]> By: Anonymous http://blog.afraidtotrade.com/major-intermarket-relationships-shifting/comment-page-1/#comment-127441 Anonymous Thu, 31 Jul 2008 08:09:45 +0000 http://blog.afraidtotrade.com/?p=2701#comment-127441 If Ben keeps printing Money then yes perhaps there will be a shift in trend but if the dollar remains at current levels theres no hiding from the bear. Consumer confidence is getting lower and lower here in Europe. Lates inflation figures announced at 5.1% annualized up from 4.3% last year. I note your bullish on Gold but that can only mean a weaker dollar brought about by the headlines one has come to expect and with it comes all the attending "investors" suffering. That being said " eyes wide open ". If Ben keeps printing Money then yes perhaps there will be a shift in trend but if the dollar remains at current levels theres no hiding from the bear. Consumer confidence is getting lower and lower here in Europe. Lates inflation figures announced at 5.1% annualized up from 4.3% last year. I note your bullish on Gold but that can only mean a weaker dollar brought about by the headlines one has come to expect and with it comes all the attending “investors” suffering.

That being said ” eyes wide open “.

]]> By: GTM http://blog.afraidtotrade.com/major-intermarket-relationships-shifting/comment-page-1/#comment-127418 GTM Thu, 31 Jul 2008 05:42:26 +0000 http://blog.afraidtotrade.com/?p=2701#comment-127418 Great work! If you find out why gold has lagged so far behind oil leme know. I have a theory but it's probably too crazy to publish. Great work! If you find out why gold has lagged so far behind oil leme know. I have a theory but it’s probably too crazy to publish.

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