Core positions are presently long TBT,Aussie,Smh or Soxx index,YCS (short yen)

and long JJG ( grain etf)

Many of you have key long Gold and Silver holdings with a smattering

of miners and selected oil stocks.

Stay the course. It is doubtful we will do anything today.

Euro…big picture the Euro is caught between the fibs of a multi year swing with

a monthly double bottom in place at 129.60 ish. Long term investors would be prudent

to let this set up again. We’ll look to sell closer to 135 or a breakout below the low of 129.60 ish.

If you’re short term trading the Euro be on top of the commensurate crosses.

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