Wednesday, August 28, 2013

If The Markets Are Moving on War Get Ready to Reverse Every Move From Yesterday

That's the lesson of war moves. Unless you were trading the Denarius/Shekel in A.D. 70 and got caught on the wrong side.
Yesterday gold was up as the real-rate got clobbered by a nine BP move in the 10-year, the dollar was strong and stocks were weak.

Reverse 'em all. Gold currently $1425.90 up another $5.70, EUR/USD 1.3343, S&P futures 1,628.00 , 10 year yield 2.721 off another 3%.