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Message: Textbook Central Bank Co-Ordination

Textbook Central Bank Co-Ordination

posted on Apr 18, 2008 12:40PM

Just in case there is some reader out there that thought today's action was even slightly random in nature, then please closely inspect the two charts below (see WARNING first though!). Chart 1 depicts the USD "rally" and Chart 2 is the POG take-down. Pay attention to the 5 am time period and subsequent action on both charts.

So impressive was the intensity of this co-ordination that Pentagon officials have enlisted two of the central bank boyz involved to co-ordinate the next round of air strikes in Basra, Iraq.

WARNING: Do not look at the following two charts unless the word "abracadabra" is repeated three times in rapid succession.

Cheers - VHF

Chart 1: USD Daily "Rally"

Chart 2: POG Daily Take-Down

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