A quick info dump here for all.
Here below the latest bullion tech. Having been asleep the bullion’s volatility is creeping up again as are her HUI miners. This makes me wake up again on the asset class.
BullionWeeklyTechnicals12032013
Here the below the latest WF monthly macro economic run through. Global macro remains very weak. US slow growth but how much is real growth is another matter.
WF-MonthlyEconomicOutlook_03132013
Here below SC’s market view from 5 days ago. Unusual for SC going long the industrial metals which until now they have been very under weight and avoided. They are also picking up on tech divergences and weakening momentum. Their have near term targets very close now.
SC-Weekly Market View – 2013 03 08
Here below a “home grown” proprietary chart i’ve been using as a key indicator on my j-reit trade. The JPY debasement theme was one of my 2012 key strategies. The trade occurred much later than i thought deep into q4 2012. I played it through the long j-reit trade borrowing the jpy to do so for much of the trade. Using the nik225 inverse correlation with the jpy as a key indicator i see divergence is at extreme. I’ve chose to book the positive beta (x2) of the j-reits at this point and go long jpy in the process as of today, last night’s Japanese trading session. A return to the mean inverse correlation is a reasonable prediction and it could well occur on jpy strength and equity weakness which is the second reason for the exist from the asset class and long the currency. Time will tell as always. I want to repeat this trade though its + beta was seconded by the Japanese listed industrials, note.
Onwards we march..
Rich
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