Monday, July 18, 2011

Tick tock tick tock

VIX nice uptick, Gold doing nicely moving with some incredible strength, though I closed those two trades at a small profit to free up some gunpowder to short additional EUR:USD.

US will resolve its debt ceiling issue at some point over the next 10 days, whereas I still read Greece as still waist deep and soon to be neck deep.

EUR:USD short working out very well.

3 comments:

Eugene said...

Close EUR:USD short, reposition into gold which is starting a parabolic run, possibly to $2,000.

Eugene said...

A good proxy play might be short EUR:CHF

Eugene said...

Closed Gold long for a $3/oz profit.

Need to do some analysis tonight.