Yesterday saw us cover almost all current positions. Whether it was our spreads or outright naked positions, we will await further price action to determine our next move. We have a lot of U.S. data coming out over the next couple of days starting with today’s Retail Sales figures. In last night’s Notes From the Underground 2+2=5, Yra made some good points. If you don’t read him you should start. http://yrah53.wordpress.com.

I am looking for the Aussie to print 107 in the cash ( app 105.65-70 futures) to complete this short swing that started yesterday. Let the day unfold.

Trading Portfolio… Current Holdings

LONG TERM HORIZON….

Long GLD,SLV, token position

Long JJG….50% position

Long Corn via the ETF… 30% of original position

SHORT/MEDIUM TERM

Short S&P 500 Futures or Long SDS …30% of original position

We have paid for all these trades. Only token positions are left. ( We’ve locked in the majority of the gains)

Everybody has different trading goals and styles. We write for the very long time frame ( Private Wealth Investor). Many people are totally out of the market, some shorter time frame traders may have opposite positions at any given time.