Matrix is now posting at Trader Dan’s Beehive
Its a pay site of course but I have connections
There is a 14 day free trial to Trader Dan’s World…but the beehive is not included
http://traderdan.com/
Here is his take
Folks I can’t imagine what it must have been like today on the trading floor of UBS in Zurich, its the size of a football field. I imagine most traders were standing all day, the noise level on that floor would be something to hear.
SNB decides to join (well fears the trend in play) the most crowded trade heading into 2015, long US$’s, short the Euro$ as it pulls up anchor from a peg-leg tied into the Euro$ announced Sept 2011…Golds high month….hmmm
The train wreck these Central Banksters created today is massive!! Billions would have been lost in a matter of minutes………..I’ve sat on FX trading desks during some of the past 30 years biggest events and this is perhaps the biggest!! 1 day event.
A suggestion to all the chart junkies out there, tread lightly with the size of your positions as the ripple effect from todays action along with the upcoming ECB Jan 22nd meeting suggesting Draghi will be using a QE Bazooka AND the Greek vote Jan 25th could create a lot of fake break outs or break downs as everyone L@@Ks for further Euro$ weakness, let your chart guide you NOT OPINIONS!
Gold acted today as it should, as a currency….the chart shows the Swiss Franc / Gold relationship
The SNB could have easily made the Swiss franc cap removal a lot less painful by floating some rumor balloons or stuffing a podium microphone in their face suggesting todays action was an option……don’t mistake a $5000 suit and a half dozen letters beside someone’s business card for intelligence….its rare!!
Marty Armstrong suggests the Gold bull will return when the worlds citizens lose faith in their governments, I hate to be well ahead of my time as I’ve haSWISSd no confidence for many, many years, lol…….Good Luck!