DailyMarkets.com - Hugh Hendry Uncertainty Trade

Hugh Hendry Uncertainty Trade
Forex Trading: US GDP Figure Set To Impact Markets Today
Why The Chinese May Buy Undervalued Junior Miners
Lost Video Of Steve Jobs Raising Cash
October 25 Updating Gold Into Key Support Target

Posted: 26 Oct 2012 01:44 AM PDT

Investor Hugh Hendry is setting up his clients for future uncertainty.

Source: Hugh Hendry: “I Have No Idea Where The Stock Market Is Going To Be”…

Hugh Hendry is LONG gold and SHORT SP500.

Extract,,

“I have resigned from the professional undertaking of coin flipping. I am not here to tell you where gold's going to be. I have no idea. That's my existentialism. I am a student of uncertainty, I have no idea where the stock market is going to be. So when I am creating trades in my … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Forex Trading: US GDP Figure Set To Impact Markets Today

Posted: 26 Oct 2012 12:36 AM PDT

US GDP Figure Set to Impact Markets Today
The USD/JPY spent most of the day yesterday within reach of a recent four-month high, as speculations that the Bank of Japan would soon initiate a new round of quantitative easing continued to weigh down on the yen. In addition, positive data out of the US boosted confidence in the US economic recovery. Today, the main piece of economic news traders will want to pay attention to is the US Advance GDP figure, set to be released at 14:30 GMT. Should the … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Why The Chinese May Buy Undervalued Junior Miners

Posted: 25 Oct 2012 08:42 PM PDT

Recently we were treated to a high profile wedding between the Chinese CNOOC and the Canadian Nexen. This deal attracted all of the attention of a society page nuptial. However, it doesn't take long for news to grow stale. Most investors get distracted by the volatility. Here at GST, we plumb fathoms beneath the news of the day in order to discern the roiling undercurrents that one day will surface.
At this very moment, Chinese investors are utilizing a … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Lost Video Of Steve Jobs Raising Cash

Posted: 25 Oct 2012 07:35 PM PDT

The late and very great Steve Jobs selling his product to investors. Would you invest?

Steve Jobs raising cash

COMMENTS: This is British humor (c/- … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

October 25 Updating Gold Into Key Support Target

Posted: 25 Oct 2012 07:16 PM PDT

In last week's post on Gold's chart, I highlighted the breakdown and new momentum lows which suggested a deeper retracement toward the $1,700 to $1,720 targets.
With gold achieving those downside targets this week, let's take a look at the current key levels and note the levels to target on the upside if support holds, or downside targets if $1,700 suddenly fails.
Here's the larger perspective daily chart:

With the divergences into the October high at $1,800, odds favored a price … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards