DEAR READERS
SO WE GOT STOPPED OUT OF OUR CABLE POSITION LAST WEEK AND HAD TO TAKE A SMALL LOSS. MARKET IS VERY QUIET AND SLOW LATELY AS , I THINK, MANY PEOPLE BURNED THEIR FINGERS AFTER THE GOLD RALLY. PERHAPS WE ARE GETTING RID OF THE TRADING THEME WHERE PEOPLE BUY USD AS A SAFE HAVEN CURRENCY.
BACK TO THE OLD DAYS AND PUNISHING THE CURRENCY OF THE WORST PERFORMING ECONOMY THE WAY IT SHOULD BE? I WOULD LOVE TOO AS IT WOULD MAKE LIFE MUCH EASIER END LOGICAL. STILL THE MARKET IN GENERAL IS NOT CONVINCED YET. FOR SURE IN THE COURSE OF THIS YEAR AND EARLY NEXT YEAR
INFLATION WILL BEAT AROUND HARD IN THE US. THE NATIONAL DEBT WILL RUN UP TO A STAGGERING $20 TRILLION. WE STILL HAVE CAD IN POSITION, WHICH IS TRADING IN A SMALL RANGE. WE LEAVE THAT ONE OPEN AND STAY SOMEWHAT SIDELINED AND WATCH FURTHER DEVELOPMENT AS IT'S WISER TO STAY OUT FOR THE MOMENT. ALSO WATCH THE S&P CLOSELY AS IT KEEPS GOING HIGHER EVERY DAY. I WOULD PULL OUT OF STOCKS NOW. NEXT TIME MORE.
Tuesday, September 15, 2009
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