Sultans of Swing -
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thread: Sultans of Swing

  1. #11
    There are some fascinating observations concerning gold on his website, this is a snip out of something that he published on friday...

    Hedge Fund Short Covering in Gold is the Story
    full post: http://traderdannorcini.blogspot.com...n-gold-is.html

    This narrative simply will not die as it keeps occurring - hedge funds continue to cover short positions to an extent far exceeding the amount of freshnew buying that they are doing.
    Last week they covered ( shut out) 4,675 short positions. They outdid themselves since they covered a whopping 5,248 shorts made up of futures and option positions! On the long side, they reduced their exposure. It's too bad that we cannot see what occurred from Wednesday through Friday. My view is that today's powerful rally through overhead chart resistance cleaned out some more of the positions in a big way.
    Let's again put this in perspective - at the onset of this year, the hedgies were sitting with a total of 72,571 outright short positions, futures and options combined. As of this past Tuesday, that number has shrunk to a mere 21,073 or even a reduction of 51,498 shorts.
    Over this exact same period, the number of outright longs has increased from 106,675 to its current number of 144,080, for an increase of 37,405 futures and options positions.
    Again, the obvious alyst for gold this season has so far been short covering as the prominent characteristic one of the biggest specifiions on Earth.

  2. #12
    things that make you go hmm (aka: wag the dog)

    through forexlive.com:
    China into winden yuan trading group
    17 hours ago | March 15th, 2014 19:38:55 GMT by
    China#8217;s slow grind toward a market-based economy continues with an announcement on Saturday that China will expand the yuan trading ring to two% on either side of the daily benchmark rate from 1%. The band had been widened in 2012 and 2007.
    I don#8217;t expect this to have an impact on markets on Monday but it#8217;s a indiion that it won#8217;t be too long before FX traders possess CNY on their screens.

    Chinese Yuan vs Gold
    Weekly

  3. #13
    Chinese Yuan:
    overextended?

    H4

    Weekly

  4. #14
    Ukraine and Russia agree truce as Crimea votes in referendum
    http://www.theguardian.com/world/201...mea-referendum

  5. #15
    ... a few weeks old, but very relevant, and a highly recommended read...

    The New New Great Game: Geography, Energy, The Dollar And Gold

    post: http://www.zerohedge.com/news/2013-1...ollar-and-gold
    full pdf: http://www.zerohedge.com/sites/defau...Great Game.pdf

  6. #16
    Junior Member OXRAYNLATIN's Avatar
    12
    Gidday DHT

    Big question will EUR/US float through 140 or not

    Everybody will close there longs an it'll fly through the roof.

  7. #17
    Gidday DHT Big query will EUR/US float through 140 or not Everyone will close there longs an it will fly through the roof.
    Its a widely debated subject...

    I think the euro has a few legs here, it might break that level, but if not it retains is the big question mark... lots of big banks are putting sell recommendations on this currency, using a goal to the low 1.20's... so far they're all suffering from foot-in-mouth syndrome, but I guess that can change if Draghi decides that the inflation target will be missed by a margin wide enough to justify stimulus...

    its big question on everyone's mind... I dont know the answer, but I can't fight the trend and get in brief once I see no evidence...

  8. #18
    Dollar Yen: followup (from here)
    BTFD (if we get there)

    Daily

  9. #19
    Junior Member Davaseoxn's Avatar
    3
    quote Not, but we're certainly at a vital juncture... if we go much lower, it can change the bullish perspective in a material manner I am building long positions in the current rates, with a tight stop in case we get an abrupt jolt... in a time perspective, I stay bullish until mid month, unless I am proven wrong! (hope not)
    another huge correction.... market is SO NERVOUS...

  10. #20
    AAAH

    my old thread...
    how I missed thee!

    Hopefully I'll be posting here !

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