The GBP/USD and EUR/USD are tanking faster than I expected so I want to be ready to lower my stops because they are very wide right now. I'm doing the following:
If the EUR/USD breaks below 1.3531, then I want my stop lowered to 1.3660.
If the GBP/USD breaks below 1.5533, then I want my stop lowered to 1.5682.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.
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2 comments:
Hello Todd:
Any updates in gold or silver?
I extract this articles of Peter Schiff's blog with another beautiful declarations of gold going to 5000$.
February 18, 2010
Gold And The Debasement Of The US Dollar
"You could have a million dollars in the bank and wake up one day to realize you can't afford bus fare with that million in cash. You might as well save in something that will retain its value like gold."
in Bullion Vault
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
February 17, 2010
In The Environment We Have Now, Everyone Has To Own Gold
"You know you own the gold itself and not a derivative. In the environment we have now, everyone has to own gold. You can't own dollars because the government is destroying the value of our money.
You could have a million dollars in the bank and wake up one day to realize you can't afford bus fare with that million in cash. You might as well save in something that will retain its value like gold."
in www.post-gazette.com
Regards.
I'm not on board with Schiff. Metals should decline as the dollar rises.
I'm putting a 10min silver futures chart in my post that should be up in a few minutes.
Todd
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