Pointing out some stuff, cause we know where the money in this trade is!
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, September 3, 2009
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3 comments:
maybe not Armageddon, but a renewed belief in inflation...
On CNBC (I know I should just leave the sound off) they were saying that the rise in gold may be evidence of a good jobs number tomorrow due to the feeling that inflation is coming.
I guess I think that's a stretch, altho I admit I'm never surprised. Also, Biden's upbeat address today may be due to some info ha may have received today about tomorrow's NFP number.
The logic seems tortured. Gold up may signal good news about jobs. I'm thinking of fading this sentiment and analysis. Even an in-line jobs number will likely see this market drop pre-holiday to follow the short term trend.
Disclosure: that was Ron Insane-a who said that.
Or they are just playing the breakout!
but I'm not sure the money in this trade is being long ;)
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