Grant62, I think your intellect sometimes gets in the way of a good trade. lol.
The market is many things but one thing it is not is a sophisticated animal, it is trend related though.
Trends in the market can be caused by fundamentals or in hindsight whatever the market makes up to justify them, it does not matter.
What matters is that the trend exists and its profile.
It's the perceived life cycle of the trend that will determine how the market reacts to it.
If the trend is perceived as primary you can bet in time the market will over-react in line with its direction irrespective of bottom line analysis.
Well we seem to have one primary trend in the market at the moment - Weak USD.
To quote Gold in AUD and say there has been no tangible improvement is correct but me thinks you are missing the point of how markets operate.
It's all about idenification of primaries and hooking a sound investment strategy around it.
I hold OXR and BDG with trailing stops.
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