AUTOREFRESH 
Gold fall may indicate an end to “Armageddon” trade
By Sean Lee || March 11, 2010 at 01:00 GMT
|| 9 comments || Add comment
Financial markets are still in operation 18 months after the big GFC melt-down and it looks like some players are finally starting to exit their so-called Armageddon trades, the primary one which was long Gold. Other trades, which probably seemed like good ideas at the time, were stockpiling copper and other commodities. Good luck getting out of those!
The ultimate trade in the FX markets has been to be long the AUD and other commodity currencies against the ‘old-economy’ currencies like the EUR, GBP and the USD. They say that a currency pair always looks it’s absolute worst and most bearish right at the bottom. I must say that GBP/AUD looked very very bad yesterday. I wonder?
Have a dry weekend all 
more poop for the cable
well it would seem that the AUD has it’s act together and the rest of the world is trying to figure it out while they just kep getting better…
Good Morning Sean
I must say that is some fall in pound/aussie, I think the fall in gold is a little worrying for the commodity currencies, the weekly charts in the aussie are pointing towards correction, but gee its hard to pick, as u say play the fringes.
Simon
Thanks Simon. I must admit I couldn’t resist and have bought a small amount of cable.
I was going to do the same Sean, but did not give in to the temptation as I still have wounds from my last go-round witht he GBP…
i need to buy eur/usd or aud/usd and i am dont know who is the pairs he goes up first
Hi Sean, Afternoon.
Can you please elaborate on “Armageddon” trade? sorry – I am not that familier with such terminology.
Thanks
Good Luck to you Sean I cant bring myself to pull the trigger against that downtrend, I need some confirmation but thats me I suppose
Sorry Puks, the trade you put on if the entire financial markets cease to function. Buy gold, commodities etc.