We had a swing and a miss in the Corn yesterday. At least it was over fast!

Our plan is to keep selling the rallies in the equities. Currency traders should be very wary of selling any kind of weakness in currencies like the Euro. Traders are mistakenly selling weakness as a surrogate to missing the breaks in the equities. The assumption is that as the stocks sell off there will be a natural flow into dollars. We believe this has only a short term effect as seen again late yesterday with the rally against the dollar continuing into today. As long as the Fed keeps listening to ( Your cash ain’t nothing but trash mantra), while trying to devalue our way to economic prosperity, the pattern should continue.

Current Holdings

GLD,SLV,JJG….from much lower levels. These are not full positions. Yesterday we added some shorts in the S&P 500 within a few points of our current level. Some investors used the SDS.