Monday, November 8, 2010

Short CAD

0.9986... sometime overnight
*EDIT* I haven't posted in a bit but I have been in and out of this currency several times this week. The game plan was always the same - sell upper 90's and buy lower 90's. At no time did I ever go long, but I think we may push through par the next go around. Gold and oil have both found support and may continue to push higher. I will sell CAD hard if Gold doesn't hold the 1355's. As a matter of fact, if the CAD cannot get back up to par and Gold continues higher, it could be an indicator that Gold (and silver) are done.
*EDIT* short CAD and Gold on the breakdown this morning through 1355.

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