April 10, 2014 - MDT - Gold/Currencies

While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.

Yen/Gold clearly broke out through it's 200 day mvg avg last night.

Euro/Gold is coming into support which should match up with the
1328-33 level in the Gold futures.

The Aussie is a currency I'm not interested in selling, however looking at the chart against the Gold, Gold could out perform in the near term.

Pay attention to these spreads.

If the IMF communique's start mentioning the need for more worldwide liquidity ( higher Bond Futures) these will build momentum.

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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