Hello Pezz, Today’s Report:
Got out of bed. Turned on the computer. Wrote a few messages. Got on the bus to town. Thought about a few things. Read off my mobile phone the latest forex wobbles. Went to the bank, also telephoned broker, and did these redeployment, calling up the reserves, and fiddled (fine tuned) the order of battle:
(a) Re-positioned corporate cash reserve from USD to Euro and CAD in equal weight;
(b) Redeployed HKD to paper gold account, but did not give the order to charge forth (Even as I am regretting having sold 2/3 of my paper gold in the past 10 days, I feel I must do the opposite of what I feel I want to do in regard to gold); and
(c) Called up USD line-of-credit reserve, and sent them to Japan Yen-space, thus doubling allocation to Yen, and now am 2x covered for the 3% Yen loan. Translation, I am net short the USD in favor of Yen by 3% of gross asset. My Yen loan will mature by 9th of October, and my intention is to replace the Yen loan with a USD debt, to better align my position with what the J6P electorates desires.
… and then I got a hair cut, arrived at the office, ate lunch, and am now readying to return home.
Now, I am morbidly calm, looking through the scope, fingering the trigger, and holding my breadth.
Chugs, Jay |
