Earlier this morning I mentioned the Gold/Yen pairs trade in Markets Update.
If our near term USD/JPY and specifically Yen analysis is right, then you should have at least a swing long in Gold/GLD that you can pick up on a pullback with the Yen which it has been doing today.
I'll post the charts, but take a look at gold or GLD or whatever gold asset you prefer trading, I think we have another set up for to "Let the trade come to you".
Remember I recently exited a GLD short at a small gain because I expected some GLD upside. If our longer term analysis is correct re: USD/JPY, then the little known Yen/Gold pairs trade will set up and offer you a low cost, low risk, high probability entry.
Charts are coming, I just wanted to give you a head's up.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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