Hello Pezz, Today's Report: Once again I am embarrassed; I waffled and then shuffled.
I lightened up on USD in favor of CAD, since I intend to buy more CAD-resident energy by-and-by and do not wish to speculate on the direction of the currency movement while I am scoping.
Same again with NOK and SEK, the friendly Nordic/Scandanavian-space.
I still got plenty of USD/HKD to deploy, but feeling happier with each disposal of these
paper money.
Yup, I might have been hasty in getting into the USD in the first place, but hey, it was a short term bet, unlike any other long term wager.
I now figure it is enough that I am betting against the snake oil economic recovery, and so there is no particular urgency to place a short term currency wager on top of an intermediate term short equity bet … I wish I understand what I just wrote.
Oops, now I am placing a longer term currency wager on top of an intermediate term short equity bet.
I am confused. Wagers, gambles, bets, speculations, ups, downs, lefts and rights.
Actually, it is simply another way to make the same wagers.
Well, in any case, no tears and no apologies, just motion, and move, run, dive, hide, and move again ;0)
Chugs, Jay
Order of Battle
Cash @ 42.9% of g.asset (15.5% AUD, 1.1% GBP, 5.9% CAD, 0.7% Euro, 8.2% HKD, 1.1% NOK, 0.5% SEK, 9.9% USD)
Gold/platinum @ 11.5%
Bonds @ 11.8%
Rental real estate @ 19.6%
Equity @ 14.2% (LEAP Puts @ 0.93% of g.asset and notional value of short equity via LEAP Puts accounts for 50.7% of total equity position)
NAV up by 1.5%, active portfolio up by 2.2%. The gain can disappear in a hurry. |
