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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


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



To: Tommaso who wrote (5633)3/29/2008 10:01:56 PM
From: Aloysius Q. Finnegan  Read Replies (4) | Respond to of 71475
 
So what is going to happen Monday? What if the market perceives that Paulson and the Fed are in control? I believe it will prop up the buck. I don't think that the Fed can fix this problem, but near term this could be a major hit on the commodity 'bubble' ... and that includes gold. I know - sacrilegious.