TRENDING
I’m sitting a bit between a gold bullion and a silver plated hard place this morning. Reason being that earlier I was running a few test stats of which the popular exchange traded Spyder fund GLD was a top candidate. And lo and behold – apparently this week is statistically one of the highest ranking in the year, not just for its net Sharpe ratio but also for the percentage of higher closes:
An 84 percent chance that week #35 resolves higher. Heck, I take those odds any day!
Which may must explain the following divergence: The Yen usually tracks gold pretty well but since Monday gold has been dropping somewhat but continues to lag the Yen by [...]
It seems like we were subjected to an enforced trading diet late Friday, and apparently it’s working since as you can see my abs are starting to show. By the way, sorry if you just lost your breakfast. Obviously this isn’t a big surprise to anyone as fast drops/advances *ahead of medium or long term inflection points* usually are quickly followed by a shake out. Pay attention now as this is important: Especially on the sell side the dynamics shift considerably once those inflection points have been breached, as violent selling usually tapers out more slowly before a bounce.
I can’t believe it’s Friday already, this year seems to be passing by me like a flash and there never seem to be enough hours in the day. Burning the candle on both ends doesn’t really help matters either as it only leads to less productivity afterward. Perhaps if all that science fiction one day turns into science fact and we get to live another 50 or 100 years then I may just be able to complete all those projects and various studies I constantly seem to be immersed in. But at least years of hard work continues to pay off today. Let’s review where we are:
We are floating in the midst of the summer doldrums and I don’t really see anything salient I haven’t covered over the recent past. The greenback continues to get hammered and as our collective purchasing power is sinking steadily it implicitly lifts the relative value of Dollar denominated assets since holding cash exposes you to the receiving end of Yellen’s fiat currency death stick.
Back Playing Limbo
