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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: carranza2 who wrote (93438)	11/12/2007 4:57:58 PM
From: Wyätt Gwyön	Read Replies (2) of 206093

Today was an anomaly. The macro trends are too obvious and near-irreversible in my view. i think it is worth bearing in mind, as CR has pointed out, that US trade deficit ex-energy has already started to decline considerably. if you look at the instruments that have increased vs. USD, they are clown currencies like AUD (itself having a huge trade deficit) and leveraged-spec playthings like gold. the stuff that SHOULD be appreciating against USD--namely, RMB and JPY, has barely budged. i am long JPY in size. i will get long the clown currencies at big discounts to today's prices after a big EM blowup. i am looking for USD/JPY at .80 (from 1.095 currently). JPY is my largest nominal holding.

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