Good evening/afternoon or morning, if you’re from the far east and just woke up. As we approach the end of the year, I notice that more and more fellow traders make their forecasts for 2011 and many are very interesting. I promise to provide you a list by the end of December – meanwhile, I’ll look for more of them and if my own intuition will have anything to tell me, I’ll make a forecast too.
Today I received a funny clip. Some of you may have already seen it but, here it is:
| The Daily Show With Jon Stewart | Mon – Thurs 11p / 10c | |||
| The Big Bank Theory | ||||
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(Visit Comedy Center if you can’t see the embedded clip above)
So the US government misprinted $110 billion.
(if you can’t see the embeded video, you can watch it here)
Wait, what?
- dollar printing fail (click to zoom)
Ok, so now that we know that they failed to print some bills, we can assume that the Fed is not printing money either. Myth busted. NOT.
And the cherry on top is that An official close to the process said that ”There is something drastically wrong here. The frustration level is off the charts.”
Charts? what charts?
- USD Index 12-08
Or this?
- Gold chart 12-8-2010
Some folks say that gold is retracing from recent record high on profit taking ahead of year-end. Makes sense – people turning some of it into cash to buy presents for their loved ones. But, unfortunately for gold bears…
Attention Please: Christmas has been canceled. Apparently when you shorted gold some months ago, Santa died laughing.
Or there were no bears except for those HFT machines? they seem to eat money for breakfast:
This is all for now, thanks for reading.
p.s. If you are on Facebook, like everybody nowadays, join innerfx. We have coffee machines giving change back and Angelina Jolie is online on a regular basis providing trading advice :-)
Cheers
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