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JPYUSD

Gold outperforms the Yen in 2017The central banks essentially have unlimited power to prop up the stock and bond markets. In the past, Stanley Druckenmiller found that the loss of liquidity caused stock market crashes. The central banks learned from this and just keep injecting more liquidity to prop up the markets in the face of insurmountable debt loads. The Bank of Japan buys both bonds (quantitative easing = QE) and stocks. The European Central Bank buys bonds. The US has stopped buying bonds for now. Not only are the bonds and stocks in a bubble, the central bank balance sheets are also in a bubble. Mr. Druckenmiller sold all of his gold the night of president Trump's election in November, 2016, and reentered gold in February, 2017 (source Forbes). Many economists and traders predict inflation (gold rising) while Harry Dent predicts deflation (everything falling including gold). I am long GDX.
TVC:GOLDLong
by haug01
XAUUSD: Gold about to rallyWe have fulfilled my initial expected outcome (check related ideas) and broke below 'everyone's stop' like it has been customary in gold this year. I think we're in the prescence of a sideways/megaphone pattern style thing, where we have a false breakout before each turn. The arrows show the false breaks, and the green X's show the turns. I think we can expect to retest the election day range, or the Brexit day key level zone before going back down, so that's what I aim for. Risk here is a $26 to $80 dollar drop. The thing here is that we haven't managed to break above the long term downtrend mode, since we're back below it, and we have risk of a rate hike in December, so the rally that we get here, could be a pullback in a longer term downtrend. I'll be looking to add to my longs that I opened here (1186 entry) if we get progress and then sell, and sell short at the top, using longer term chart levels for my entry and stop. I've bought EURUSD at 1.0534, with stop at 1.0397 as well, since both are at potential spots for a bottom, after making a 'false break'. Good luck! Ivan Labrie.
FX:XAUUSDLong
by IvanLabrie
6
The relative currency contribution to the DXY surge after Trump A temper tantrum is an emotional outburst, usually associated with children or those in emotional distress, that is typically characterized by stubbornness, crying, screaming, defiance, anger ranting, a resistance to attempts at pacification and, in some cases, hitting (source wikipedia). The Trumper Tantrum is a combination of fears about US trade wars and optimism about a possible US economic surge if Trump succeeds is growing the US economy and bringing overseas companies (and their cash) plus overseas investors back into the USA. Trump does not want a strong USD. I am short DXY and long AUXUSD (roughly follows the Yen), GDX. While tntsunrise and others expect a further fall in AUXUSD to $1120 or lower, I am respectfully more inclined to see JPYUSD and AUXUSD rising if DXY falls. The COT report for gold, day, etc will be released Monday due to Friday being a federal holiday. There will likely be multiple Fed/FOMC interest rate rises in the next 18 months which could strengthen DXY. Inflation would hurt DXY. I am more into the bond/debt crash camp with hyperinflation first and deflation later. Trump may succeed with the US economy and delay the bubble burst for a while.
INDEX:DXYShort
by haug01