The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Square_Dealings who wrote (23428)	12/17/2004 4:20:02 PM
From: russwinter	Read Replies (2) of 110194

This little half assed USD has blown over a third of the spec/fund longs out their FX long trades. FX subtotal was 345,059, now 224,436. Open interest from 1,018,392 to 725, 740. Gold went from 217,564 on 11-16 to 166,270 on 12-14. 64.82.65.31 I guess that just shows on what tentative grounds the USD is right now. Might be some more fund flushing still to do, but perhaps 84-85 USD (430-432 POG) is about the max on this particular squeeze play.

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