Month: July 2015

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Gold drop explained

Gold drop explained

The gold drop was the largest intraday drop for gold in 2 years. It droppeda¬† whopping USD45 from the day high. With the Greek and Chinese stock market storm blowing over, the rays of sun shine gave us a clearer view on the economy and it explains clearly why gold dropped. Here is why I…

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Is the Kiwi finally oversold?

Is the Kiwi finally oversold?

Since my great escape thanks to my early warning exit system, the Kiwi dollar kept on plunging to roughly another 180 pips. I still believe that the NZDUSD is oversold and latest price action indicates that a support is found. I have buy limits for the NZDUSD at 0.6552 and 0.6578. As for the targets,…

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Is the Greece fiasco finally over?

Is the Greece fiasco finally over?

Finally we have Greece and its creditors reached a reforms-for-bailout deal. Well is this the end of it or there is more to come… One thing for sure, some Greek politicians are not happy as the deal includes a stipulation that a $55 billion fund be set up using Greek government assets for privatization. Nevertheless…

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