Soldato
- Joined
- 13 Jul 2004
- Posts
- 20,341
- Location
- Stanley Hotel, Colorado
FED cutting rates this early is kinda bearish though its complicated by loose money. With the amount sterling has fallen, I'm up 1% or so overall 7 days and if gold were stay here(+20%) or higher then from what I can tell the income the stocks get from abroad makes them look good.
I checked the Dollar index, its not going up or spiking up as stocks go down which I would guess shows we arent especially in a bearish move.
I was reading the report for FXPO and it seems to be great, so as usual stocks are trying to predict the future which is harder to say but imo Dollar wont make a new high and sterling might recover once news passes; its going to take a lot for it to ever appear strong.
Selling I hope helps knock the froth off so I can take an interest of stuff I watched for too long as it rose and meanwhile FRES is helped greatly by that sector being favoured and similarly other stocks.
If the gold fund I bought last tax year can bubble up 66% like I wrote, hoped for at the time I'll sell some as all these prices move in waves and to me that seems like enough to take profits going on 2016 vs fund prices. Then I can rebalance from that sector over to others but its rarely this easy.
If DXY does make a new high then it should register as a big deal with many I guess
https://finance.yahoo.com/quote/DX-Y.NYB?p=DX-Y.NYB&.tsrc=fin-srch
I checked the Dollar index, its not going up or spiking up as stocks go down which I would guess shows we arent especially in a bearish move.
I was reading the report for FXPO and it seems to be great, so as usual stocks are trying to predict the future which is harder to say but imo Dollar wont make a new high and sterling might recover once news passes; its going to take a lot for it to ever appear strong.
Selling I hope helps knock the froth off so I can take an interest of stuff I watched for too long as it rose and meanwhile FRES is helped greatly by that sector being favoured and similarly other stocks.
If the gold fund I bought last tax year can bubble up 66% like I wrote, hoped for at the time I'll sell some as all these prices move in waves and to me that seems like enough to take profits going on 2016 vs fund prices. Then I can rebalance from that sector over to others but its rarely this easy.
If DXY does make a new high then it should register as a big deal with many I guess
https://finance.yahoo.com/quote/DX-Y.NYB?p=DX-Y.NYB&.tsrc=fin-srch