The Chart du Jour
Today, let me just take a moment to point out two things.
Despite recent disappointment in the world of gold, this market has now fallen to be just above moving average support, having filled in many "holes" in its swift rally higher in September. In theory at least, this level should hold, but for those worried not to get stuck in another losing gold position, stops set near $272 would be the way to go.
Secondly, depicted below is a long term picture of the euro-yen cross. This cross fell slightly below 100 earlier this year, rallied to our anticipated first level of resistance near 110, and has been stagnating near there ever since. To us, this now looks like a continuation pattern that may end up marking half of the ultimate move. 118 and then 122 now represent new upside price objectives, with minor resistance near 113 along the way.
Although one may never be sure when looking at a cross-rate in FX, we'd expect the upside potential in euroyen to primarily be driven by an ever-weakening yen. After all, when 0% interest rates don't work, and limited monetization of one's debt doesn't work, what's the last choice to try? Devalue one's own currency is the path the BOJ and MOF should endeavor to pursue. And through history, no central bank that has ever endeavored to devalue its own currency has ever ultimately failed in its efforts to do so.
How Your Articles Are Delivered
Upon the processing of your credit card or the receipt of a personal check, Sand Spring will e-mail you the articles requested as a Word attachment, and also provide you with a WWW address and password to view the article on the web without using Word should you so desire. Confirmation of your order will be immediate, and the actual article will follow by e-mail typically within a few hours and in all cases before the opening of NYSE trading on the following day.
Ordering by Credit Card:
Our shopping cart is designed for both physical and subscription products, so do not be confused too much when it asks you for a shipping address. A correct address is important only for credit card authorization purposes. Your e-mail information is the most important piece of information to us for proper delivery of your article(s).
Sand Spring Advisors provides information and analysis from sources and using methods it believes reliable, but cannot accept responsibility for any trading losses that may be incurred as a result of our analysis. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities, and should always trade at a position size level well within their financial condition. Principals of Sand Spring Advisors may carry positions in securities or futures discussed, but as a matter of policy will always so disclose this if it is the case, and will specifically not trade in any described security or futures for a period 5 business days prior to or subsequent to a commentary being released on a given security or futures.
If you order by credit card, your credit card will be billed as "Sand Spring Advisors LLC"
Take me back to the Sand Spring Home Page
Comments or Problems
Thank you for visiting Sand Spring Advisors LLC, Inc. We hope to hear from you again soon. For more information on Sand Spring Advisors actual programs, services, or to request a copy of a Disclosure Document, please phone us at 973 829 1962, FAX your request to 973 829 1962, or e-mail us at information@Sandspring.com
| Corporate Office: 10 Jenks Road, Morristown, NJ 07960 Phone: 973 829 1962 Facsimile: 973 829 1962 |
Best Experienced with
The material located on this website is also the copyrighted work of Sand Spring Advisors LLC. No party may copy, distribute or prepare derivative works based on this material in any manner without the expressed permission of Sand Spring Advisors LLC
This page and all contents are Copyright © 2000 by Sand Spring Advisors, LLC, Morristown, NJ
