Thursday, November 3, 2011

Overnight Forex Trade - GLD is a currency exchange Vehicle...

The EUR/USD is glued to the 50 and 20 day SMA convergence - no surprise here.

Overnight?

No one will have the fortitude to move the ratio from its present state between the 20 and 50 quarter-hour-period SMA's. Until... well, you know.

Same old same old. The supercoms keep arbitrage low. Ho Humm. Yawn.

Have you checked on the price of gold as we recommended?