KlendathuCap

KlendathuCap

From September 29th, Inter bank funding is coming under pressure and we are seeing the dollar break higher as a result. klendathucapitalist.com

KlendathuCap

A test then break of 3 year trend line in RSI weekly. Been bearish bonds since August, this does not look good for gold as the gold story was mostly a yield story. I believe this will end up being a counter trend move with bond yields much lower than they are today, but that remains to seen. Best to stay out of the way and watch this thing play itself out.

KlendathuCap Updated 

I'm bearish on the sector in general as well as the company after some interesting research from Hedgeye. I think the recent rally was a gift from the market gods, and am simply looking to fire my shots. RSI momentum is negative while the share price failed to break above 50% fib retracement level. Possible 50 day ma acting as over head resistance as well. I'm...

KlendathuCap Updated 

I think CNYJPY is a risk off indicator that people should pay more attention to, especially if it crosses the 61.8% level.

KlendathuCap Updated 

A retest of the 50day ma. A failure to refill the Friday gap. We heading lower to at least kiss the post Feb Trend Line IMO.

KlendathuCap

Love looking at things in terms of Yen. Gold looks particularly interesting. I'm betting when it breaks it breaks to the upside and hard.

KlendathuCap

That's all folks.