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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST
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To: TobagoJack who wrote (94865)9/21/2012 4:14:06 AM
From: Haim R. Branisteanu  Read Replies (1) of 219214
 
Closing Long CAD short YEN position initiated in mid-July
Gain unleveraged 3.1% or 31% leveraged 10 to 1

Reason even with the tensions related to the islands with China, the Yen did not budge much, only the CAD appreciated. As the world seems to enter a global recession commodity prices may fall and with them the CAD. Therefore I took profits.

I was hoping for a break-down of the Yen based on their debt to GDP but unfortunate the YEN so short due to carry trades that it is kept artificially high.

So much for free markets efficencies - all is manipulated and few things work on fundamentals.
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