Daily Alert – Tues 13 Aug: Widespread gloom provides obvious opportunities

Mark NugentAug 2019, Daily Alert

Daily Alert – Tues 13 Aug: Widespread gloom provides obvious opportunities

Goodness me what a lot of gloom. We have the usual US/China thing, plus general global growth fears. Now in addition we have the possibility of the Chinese intervening in Hong Kong, the risk of an Argentina default and the possibility of elections in Italy giving power to Salvini who wants to blow apart the EU’s debt rules. And it’s holiday season.

Equities take another step down, US 10 and 30 year debt yield is at or close to all-time lows (as bond prices rise as a safe haven asset). Predictably, the other safe havens of GOLD and JPY rise.

It seems to me that GOLD long is an obvious idea, as is strong vs weak currencies, so that’s GBPJPY and AUDJPY, both short. Don’t forget we have the first of three GBP tests today – Average Earnings Index (0930am UK time).

The updated Trading Plan is HERE.

There is an archive of all VIP Club member’s content on the VIP Club page.