The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Tommaso who wrote (5633)	3/29/2008 8:41:51 PM
From: Aloysius Q. Finnegan	Read Replies (1) of 71475

Yes. I did amazingly well bouncing back and forth between SKF and UYG. It is so out of control and unpredictable at the moment, however, that I'm standing aside to see if there is even a trend to follow. At the time I am in DZZ and wondering ... how crazy is that? I've done okay the last few days, but it is a very dangerous ETF - a double short on gold. Plus it is very thinly traded. Maybe it is more of an insane bet for credit worthiness of whoever has created this derivative than it is for a decline in the price of gold. I'll get out of DZZ tomorrow or the following day. I got super lucky in FXP as well. I'm trying real hard to lose money, but I keep scoring on these double shorts. What's a gambler to do?

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