Monday, December 7, 2015

The Germans see inflation under every rock; in a period of deflation I find it astonishing.




I've been trading for 40 years, and anytime you see a four Euro move, you have to stand back in absolute awe of in the majesty of that move. It is stunning. This is something more than a bounce. 

This is a big turning point for the currency and the commodity markets, If you can buy grains, gold and cotton lower you probably should.

Gold
What you saw Thursday is probably supportive of gold for the next few months. Own gold in Yen terms, that's the trade.

Fed Rate Hike
There's no doubt she's [Janet Yellen] going to raise. But the question is how aggressive she will be at the turn of the year.