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DX finally moved back down. Out 2009 target remains 65.xx for DX. We have closed our EURJPY shorts and hold only USDJPY and DX shorts. We also entered long gold after daily close above 835.
Dec 18 00:28 am
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All Comments by hedgeman »The Yen Is on Fire, Gold and Silver Continue Their Breakout [View article]
EURCHF broke 1.5550 and we went short the brake. Today we also open SP500 shorts (we hold 950-970 are as potential top and will accumulate shorts above 900). Our view is down till March09 and then 6month of stability - rising equity markets. However tempting it is to short UST it is still too risky at the moment.