Monday, January 2, 2012

First Trade of the New Year!

ENTRY ORDER
BUY USD/CHF
Rate: .9350
Stop: .9275
Limit: 1.00

Economic news in the US will likely be decent next week...and as we head into earnings season. the CHF is usually a safe haven, but if the US strengthens...people who own dollars will be reluctant to sell them to flee to the swiss franc. Lets keep an eye on QE3 rumors, because once that hits...and it will...the USD is going to tank, and once again, Ron Paul will have predicted the future.

Oh...and if you have not done so already...BUY GOLD. The best site i have found to far is www.goldmart.com (Pamp Suisse Bullion). If you dont want to hold physical gold at home, then buy the ETF: GLD. Gold is 20% off of its high this year, but was still up over 10% for 2011. Look for a year end price of 2000-2500 this year...once QE3 is announced, and the ECB prints more Euros...

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