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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.01+1.6%Nov 12 4:00 PM EST

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To: pezz who wrote (3714)1/25/2006 7:44:31 AM
From: TobagoJack  Read Replies (1) of 217734
 
Hello Pezz, Today's Report:
I made my mind up, at least by the wallop of USD I exchanged for CAD today.

I will start Lunar New Year vacation soon, and I figured I did not want to take the risk of a surprise purchasing power devaluation while I am not at battle station.

I have difficulty believing the USD can suffer a sudden and large loss in value, but I have a tiny little bit more doubt that the USD can stay where it is right now.

Also, as I am expecting real estate sales to generate USD proceeds, I am simply hedging a bit.

If and when the real estate sale is closed, I hope my shorts against housing and sub-prime can come into the money, as I will be closing the positions regardless of price point, since the short positions will have accomplished their rear guard action objective.

Chugs, J
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