IT’S AUGUST ALREADY?

                          When In Doubt Ask A Higher Authority

What happened to July? It was here a few minutes ago.

Take a little time off, and first thing you know I’m in the hot tub time machine and BAMM! It’s August already? Who knew?

                                         It Ain’t Me, I Swear

Now, contrary to wild rumors swirling the internet, this isn’t me snorkeling. First of all, I’m allergic to snow, and second of all, no way would I snorkel with lime green swim fins. The naked part? Well ……

                   Hmmm ….. I wonder where EURJPY Is Trading?

I am partaking in some adventurous endeavors however, but always trying my best to keep my trunks on.

                                           July 2012 Trading

Spending 30 seconds looking over July charts, however, convinces me I didn’t miss much. Gold? Pulleeeeeeeeeze – anybody still trading this needs "Clowns” at his next Bar Mitzvah. Currencies? Yaaaaaaaaaaaaaaaaaaaaaaaaaaawn.

Ok, I’ll admit some movement in EURJPY, but really the markets are dead tired of the daily EUROFAIL [and all that goes with it], as well as the upcoming Preezy elections in the U.S. Fortunately for me, I haven’t had the misfortune of being inundated with Chalky Soetero bites in the last month from the MSM, so my spirits are high.

Upon further review, and of course checking in with “The Dude”, I’m gonna continue taking some time off for a couple of more weeks. It’s August for cryin’ out loud!

So, hang in there and try to remember –vegas is human and needs copious quantities of adolescent teenage fun to survive. I knew you would understand.

Have a good day everyone. Be back full time soon.

-vegas

BRITS PARTY EUROPE DROWNS

                                  Her Majesty Queen Elizabeth

Really, who can blame the Brits for wanting to party for four days to celebrate one of the world’s best loved Monarchs? I mean, after having to read and listen to all the hooey news out of Europe these days, partying might be the only way to stay sane.

Who cares if your currency is down 1000 pips in the last month? After all, it just means all those people who had to buy Pounds to play now get ‘em cheaper and can spend more. What’s not to like here?

But lest we forget, let’s go back in the vegas hot tub time machine and remember back this time 20 years ago when the cry from the political elite was for the Brits to join the EU and give up the Pound for the Euro. If I remember correctly, it was John Major who told the EU to go pound [pun intended] sand. And of course, the bloatacrats in Europe were aghast.

Well, who’s partying now and who is drowning in debt?

Meanwhile …… in marketville, plan on nothing happening in London for the foreseeable next few days as people first party, and then need the upcoming weekend to recover. If it’s gonna happen, it will be in the Asian or U.S. trading sessions.

Meanwhile ….. in the hallowed halls of Europe, the Central Planners are still trying their collective alchemy skills to make 2+2 = 22 and find a way to make trillions in cow chips [otherwise known as European Sovereign Debt] look and smell good to the public.

“Can we just get one trial balloon you guys in the market might like?”

“Errrrr, no.”

And then we have Greece; now that we are 2 weeks within elections, no more opinion polls. So, it’s back to normal for the 40 year old philosophy students at university who can’t bear the thought of life without somebody else paying for it. It’s your basic SNAFU all the way here.

Have a good day everybody.

-vegas