Wednesday, 16 September 2009

Investment: A Slight Change In Tactics By Gareth Milliams

Short Yen

Long Dollar

Hold Gold

The dollar looks oversold and the Yen seems to have hit a wall. We bought at ¥98.8 we'll sell now at the lower ¥91's.

It won't be too long before we are long JPY again.

Happy days.

Gold will naturally weaken as it looks for a reason to make a sustained bid to get back over $1000. That context may not be available just yet. But no mistake it shall come.

So we shall hold.


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