I haven't posted in a while because my monitor went down and another devastating situation with an old friend. Friday my ISP filed for Chapter 11, so my next post might be by can and waxed string. So what's going on? Plenty. Apparently the U.S. government is happy to have the management of our financial system with Clinton retreads and tax cheats. World events:
China, a severe drought with narrowing trade deficit with the U.S. Hillary was just there and after she left, China suggested a new world currency. Maybe a Zimbabo-Yuan? The Clintons have already been paid off. California and Argentina; severe drought lowering crop yields. Solution: Raise Taxes. China is also in a severe drought.
The U.S. is trying to violate Swiss banking laws by trying to find tax cheats. They paid a fine for 300 accounts but denied the other 52,000 accounts. The Swiss have strict banking laws.
Please, money is only taxable when brought into the U.S.
U.S. & U.K. Treasury Bond Auctions; Anybody want to buy Billions of bonds that mature in 10 -20 years on a promise?
Watch the commodity prices. Going up.
The month of March, the COT on the Euro was Commercial Net Long and Private was net Short. Commercial was larger position. What happened? Hedge Funds. Stock Markets going up and price going down and vise versa. In trading rooms, their saying, "What Just Happened? "The Big Gulp!
Let's talk about the GBP. The last U.K. meeting, Gordon Brown got a taste of British sentiment. See it here;
http://www.youtube.com/watch?v=94lW6Y4tBXs
What's coming up? Read it here and pay close attention. Eu expecting a rate cut. Also some more about George Soros.
Soros: G20 a make or break event for markets | Reuters
Is he still active or not? Somebody is. Watch the "Fundymentals". Google "George Soros and the G-20".
There are a lot of new traders on this forum. All the info on trading is here, just find it. I see the old traders are posting less because of the lack of inter personal skills and respect.
New traders, please, respect this forum. It's the best. Just remember, Something Big can happen at any minute. And it's going to in a few days.
Good Trading.
and I're many
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