Thursday, May 10, 2007

Triple C

Cash, Caution & Carry...

We have built up cash & endured red short positions (until today), expressed caution on the US Dollar over and over based on varied technical indicators and a whole world of Dollar haters. We await the unwinding of the Yen Carry Trade and put our money where our mouth is and bought a strengthening dollar fund (RYSBX) two days ago and Yen etf (FXY) near this morning's lows. These hedge against most favored gold miners as noted in published article from May 6. Now we await coming events from a position of preparedness.