Is an invasion of Hong Kong really coming? If its inevitable then there is a trade in shorting the Hang Seng (HSI). It could drop almost 20% before it hits its target and I imagine it will happen fast. With Chinese troops on the streets the exchange will almost certainly be closed for a day or more. Then look out below when it reopens. I am just guessing but this looks like its shaping up to be an ugly week. As an aside, congratulations to all you guys and gals who bet heavily on gold. You were right. My bearish charts and the trade that went with them have being totally destroyed by the trade war rhetoric and Trump’s Tweets. The President has an obvious and uncanny ability to move charts and his timing at key reversals is impeccable. It’s so good I am wondering if he doesn’t actually have the power to cause the dollar to fail at a critical reversal and start dropping. We should all be grateful if he can pull it off because there was not a bigger disaster on the horizon than USD soaring out of control and smashing economies both sides of the Atlantic and Pacific. So I’ll eat my gold and miner losses with humility and try to remember for next time….don’t bet against Trump!
Comments on this entry are closed.
Is an invasion of Hong Kong really coming? If its inevitable then there is a trade in shorting the Hang Seng (HSI). It could drop almost 20% before it hits its target and I imagine it will happen fast. With Chinese troops on the streets the exchange will almost certainly be closed for a day or more. Then look out below when it reopens. I am just guessing but this looks like its shaping up to be an ugly week. As an aside, congratulations to all you guys and gals who bet heavily on gold. You were right. My bearish charts and the trade that went with them have being totally destroyed by the trade war rhetoric and Trump’s Tweets. The President has an obvious and uncanny ability to move charts and his timing at key reversals is impeccable. It’s so good I am wondering if he doesn’t actually have the power to cause the dollar to fail at a critical reversal and start dropping. We should all be grateful if he can pull it off because there was not a bigger disaster on the horizon than USD soaring out of control and smashing economies both sides of the Atlantic and Pacific. So I’ll eat my gold and miner losses with humility and try to remember for next time….don’t bet against Trump!
Sometimes Atlas will Shrug.
Have a great weekend Rick.