EUR/USD Trade - Lack of USD Printing Perceived

Of course, the current outlook for USD PRINTING is slight following no news of anticipated printing from the FOMC minutes and still with only one sole disrespected fellow advocating turning on the printing presses.

BUT that could easily change by January.

The hope and dreams of the insti's now is that they can stay in business until... well... until Jan2011. Probably not though.

Huge EUR/USD Decline

Yes, there have been three days of equity selling to go along with the EUR/USD collapse, but there has not been as much equity selling as we would expect.

In that case:

1. Expect more US equity selling.
2. Realize that if the EUR/USD goes way down and equities only go somewhat down, then the difference is taken up by the purchase-of-puts. That puchase forces the ratio down and can bypass (temporarily) the forced selling of equities.
3. The volume today moved from US equities to Forex. This is weird and keep watching!
4. There are plenty of ways to grow massive wealth through insti mistakes.

TV Advertising to SELL GOLD

The C.N.B.C. ran a long expensive ad today for selling gold.

Except for that, we would recommended to hold for now.

We want to buy on dips.

Someone(s) paid lots of $$ to try to get you to sell gold, i.e. that someone(s) want to BUY.

Be careful with this new confirmation.

The ad is probably somewhat successful so let that take effect.

Then, as we said, buy on dips!

Take confirmations as clear as this one when they come(!)