Clark's Gate Timing System
Thursday 24 September 2009
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crises should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises.
One trade today: covering the short Australian Dollar/New Zealand Dollar (AUDNZD). This is a trading cover; long-term position is still short.
Since everyone SHOULD be interested in what the U.S. Dollar is doing, we're including a chart of the UUP (USDollar ETF) below as well. The Dollar is fighting gravity, and has been doing so for some time. So far no trend change; but Intermediate-Term momentum has turned up.
See table below.
KEY: COLUMN 1: Currency Pair Symbol; COLUMN 2: Closing Price; COLUMN 3: New Short-Term Trade; COLUMN 4: Current Short-Term Position; COLUMN 5: New Long-Term Trade; COLUMN 6: Current Long-Term Positon; COLUMN 6: Currency Pair Name
|CUR PAIR||CLOSE||NEW ST TR||ST POS||NEW LT TR||LT POS||CURRENCY PAIR NAME|
|AUDCAD=X||0.944||Flat||Long||Australian Dollar/Canadian Dollar|
|AUDCNY=X||5.91||Flat||Long||Australian Dollar/Chinese Yuan|
|AUDJPY=X||78.927||Flat||Long||Australian Dollar/Japanese Yen|
|AUDNZD=X||1.207||Exit Short||Flat||Short||Australian Dollar/New Zealand Dollar|
|AUDUSD=X||0.865||Flat||Long||Australian Dollar/US Dollar|
|CADJPY=X||83.633||Short||Short||Canadian Dollar/Japanese Yen|
|CHFJPY=X||88.556||Flat||Long||Swiss Franc/Japanese Yen|
|GBPCHF=X||1.654||Flat||Short||British Pound/Swiss Franc|
|GBPJPY=X||146.473||Flat||Short||British Pound/Japanese Yen|
|JPYCNY=X||0.075||Flat||Long||Japanese Yen/Chinese Yuan|
|NZDJPY=X||65.397||Flat||Long||New Zealand Dollar/Japanese Yen|
|NZDUSD=X||0.717||Flat||Long||New Zealand Dollar/US Dollar|
|USDCAD=X||1.091||Flat||Short||US Dollar/Canadian Dollar|
|USDCHF=X||1.03||Flat||Short||US Dollar/Swiss Franc|
|USDCNY=X||6.831||Short||Short||US Dollar/China Yuan|
|USDGBP=X||0.623||Long||Long||US Dollar/British Pound|
|USDVND=X||17,912.50||Flat||Long||US Dollar/Vietnamese Dong|
More information on this system can be found at
A draft of the book Turn Out the Lights can be found at the website below. This book is a description of the metaphysical causes of the economic cycles of expansion (Day) and contraction (Night).
MJ Clark's Gate Timing System
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