Gold Gold Daily Video, August 16, 2024

[Sive Morten]

Good morning,

Yesterday we've got bullish grabber on daily Gold chart. So re-testing of 2520-2530$ area now looks as very probable:

 

[DymundMike]

For a very long time (>5years) I have been very wrong by wanting to own commodity based currencies (CAD AUD) against non commodity based currencies. I use the cable because it is the "workhorse" for good reason plus EURCAD may as well be USDCAD and I like to stay away from crazy US$ for this. I will not be short any swissy pairs. I am beginning to "hear" my logic on the street. We r still in disbelief but finally maybe waking up

 

[Sive Morten]

For a very long time (>5years) I have been very wrong by wanting to own commodity based currencies (CAD AUD) against non commodity based currencies. I use the cable because it is the "workhorse" for good reason plus EURCAD may as well be USDCAD and I like to stay away from crazy US$ for this. I will not be short any swissy pairs. I am beginning to "hear" my logic on the street. We r still in disbelief but finally maybe waking up

Still, Mike, commodity based currencies are not the same as 5-10 years ago where they really were "commodity based". Now this relation is changing, borders are becoming blur. It seems that now it would be better to own just commodity if you want, instead of "commodity based" currency. Because relation is deteriorating in time.

 

[DymundMike]

I am afraid we will have to agree to disagree. Perception may have changed which is exactly what I am referring to but the facts remain the same imo. The geology has not changed but we are not at a "we got it and u need it" mentality as far as commodities r concerned we are still stuck in the unpatentable (Imo) value of intelligence and licensing. There will be a better idea! I want to own CNR not Apple. In my opinion even an absolute idiot like Princess Trudeau can not completely undermine the inherent value of what canada sits on. All that said "invest with your mind - trade with your eyes" - Thank you for your feedback. Please dont respond to this worthless speculation and u have far better things to do with your time