Wednesday, November 7, 2012

Risk off, eh Mate?

Hey, if you like this stuff, sign up as a follower, I haven't had many new followers in a few weeks.  Thanks.

This is a huge and nicely formed Blimp of Doom. People use the AUD/JPY as a risk on/risk off indicator. Which is fine, but that one is gamed more because it is so popular, this one --New Zealand---is more organic.

I am shorting this directly.   This would likely drive US equities down, and also PM's unless big fear come into play, bouying up PM.


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Insightful and Useful Comment!