Quote from: TPTB_need_war on July 24, 2015, 04:58:01 PM

Quote from: TPTB_need_war on July 24, 2015, 04:57:12 PM

Quote from: TPTB_need_war on July 24, 2015, 04:41:01 PM

[1] the reason I say that is because the Euro is preparing to gap down starting roughly in September or October. Or you short the Euro. I didn't run the numbers on that. I had BTC and needed to make a decision on my BTC. I don't have a brokerage account any more.

Go to stockcharts.com and run a 1 year chart on $EURUSD, then $GOLD, then $BRENT. Then go run a 1 year chart of BTC.

You see all dumped at the same time starting in August 2014. All these assets are correlated at this time.

Kiss

Good point. I still stand on my thesis though

In the meanwhile I stumbled upon this article from Armstrong:

China Moving Closer to Taking the Yuan International
Posted on July 24, 2015 by Martin Armstrong
Shanghai-2

Chinas move to create a yuan based contract for gold was portrayed by the gold promoters cheering this as their savior, but for all the hype, the mere fact that gold will trade in yuan was neither bullish for gold nor any means of displacing the dollar. What this development does is effectively provide a way to hedge the yuan, for playing a yuan contract on the same commodity expressed in dollars is a de facto currency futures contract. You can buy in dollars and sell in yuan if you are bearish in the yuan or vice versa. As long as it is the same underlying commodity then the net difference becomes a way of just trading the currency.

http://www.armstrongeconomics.com/archives/34314