Tuesday, April 19, 2011

Chart of the day is....

...the Greenback (USD) vs Loonie (CAD) forex rate, last 5 days as an example of Murphy's Law.

Reason for Murphy's Law: All this time I've been holding out on adjusting price models and targets due to the ever-strengthening Loonie, but last Sunday in IKN102 (as subscribers will witness) I bowed to the inevitable and adjusted targets to the CAD0.96/USD1 rate instead of using 1:1. Sure enough, the very next day the Loonie starts fading. Yet another top called inadvertantly.

Anyway, enough of my griping. Have a nice day and put a 15 handle on that gold price for me, willyaz?