“History doesn’t repeat itself but it often rhymes,” – Mark Twain
As discussed in the past and highlighted again in yesterday’s post, remember to keep an eye on the whole commodity complex. Our focus remains on Gold and the antipodean currencies, notably NZDUSD due to the very one-sided positioning. Furthermore, also in yesterday’s post, don’t forget to keep an eye on bonds. As usual, they don’t matter until they do. There could be a lot of collateral damage-snowball effect should we accelerate through yearly lows / rip through yearly high in yields, in a disorderly fashion.
If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.