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Endeavour Silver Corp. Message Board

  • datbehardwork datbehardwork Mar 21, 2013 11:53 AM Flag

    Newsy, BOJ just said t will open floodgates

    Free for all on JPY.
    New CB wants to end deflation yesterday.
    Gotta love it. World gone mad.

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    • I've been watching that reaction on FX markets. I just covered silver future contracts and several currency pairings for a nice profit. Applications for unemployment insurance payments rose less than expected in the week ended March 21, adding more signs to the recent recovery in the U.S. labor market. Interesting though, it was mostly a FX market call, not mentioned by many main/wall street economists This and the news on the Bank of Japan has and is putting pressure on the dollar. I mentioned the Bank of Japan and those thoughts a month ago, but I had been a bit early for that trade. The 1620 support for gold has been mentioned on FX a million times in the last couple of week. I do see it as support. There is a lot going on, from earnings to world conditions. I believe that silver is now a two edge sword, manipulation plays with dollar pair currencies is easy money. Now I'm trading biotech, should be sleeping. Been up another 28 hours.

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