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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: pezz who wrote (4481)3/1/2006 7:54:04 AM
From: TobagoJack  Read Replies (1) of 217576
 
Hello Pezz, Today's Report:

I scattered a few tranches of cheaply borrowed HKD, exchange for CAD, YEN, and paper certificate gold.

I continue to favor CAD because I figure it ought to go up against all if the USD continues to rise, and should aso go up in the event that USD falls against all; in other words, a win-win trade;

I added to Yen because in the event Yen carry basket is broken, the resultant move of Yen upward could be violent. I am cautious on this trade, because in the case that oil goes to 100/barrel, the Yen is toast; and

I very cautiously re-entered paper gold trade because I had a hunger for physical, and yet did not wish to add physical at this high-price juncture. Physical is a LTBH for me, whereas paper is in today, out if ME blows up.

I figure my paper gold wager is an imperfect hedge for my Yen trade ;0)

Chugs, J
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