...or is it,when the Hot-money International Banker buddies trading rooms get the Flashing Red on their algorhythmical Super-computers, and like a Zombie army, they lean forward and press the Sell button.Instantly, the electronic tide reverses.The Rand is, how shall we say...truly a NOTHING currency.In 2011, we shall see why it's not even as good as 2-ply.Until then, let her float gently at current levels, in an Ocean of Wall Street Whimsy.
VI, you right .. but what's going to make that happen ?? until something triggers it (as it did in 2008) the rand goes stronger and your gold trade muddles along .. why not wait for them to start selling and act then, rather then pre-empt it an loose in the waiting game ??
GLD:Still on a BUY signal and in Supply.R90 is NB as P&F Support.Below that>> R87.On the other hand,GLD with a lightning-up, to R97.60 sees me all-out.(that's the plan anyway.).###Until then....it's like a Mills and Boone novel.So much schmaltz,you just Zombie out,automatically.Sorry ladies...just can't handle that stuff.
Well....it's that 'Flash-crash' phenomenon that keeps me hiding in GLD for now.Stuff can easily reverse from here quite hard and STILL be bullish.I shall observe till then re Equities and linked cfds'.
I don't know why the dummies who are running the countey don't see it. Maybe I am old fashioned but currencies strength/ weakness should be related to the inflation rate. Surely if our interest rates were a point above the inflation rate this would in the medium term halt the carry trade. Also why not abolish exchange control altogether. Then we can play the same game.
you're wrong on all points you make .. carry trade continues until our rates get to under 1% coz right now people borrow money for 0.25% or even free .. an it is imnflation relatve to another countries iflation, over the long term .. short term (less then 5 years) it is supply and demand .. and exchange controls going won't change anything ..