As you may recall, I initiated my Yen short a few weeks back with a few longer-dated FXY put options. I was careful to mention that I was only dipping a toe, rather than going full throttle, because I had a sense that the near term would be uncertain. Well, at least I got that part right. Since putting on that position, the price action has only gone in one direction: against me. Nevertheless, the chart is currently at a point where you might expect price action to reverse, and hopefully start going my way. For the time being, I don't plan to follow that strategy by adding to the position. Nevertheless, I still offer a chart for your consideration (USD/JPY captured).
Wednesday, July 25, 2012
Broken Money
The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...
-
In light of my previous post, here's what I'm thinking: buy some GLD $180 calls that expire 3/16/13. Right now, you can get them fo...
-
The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...
-
When it comes to understanding what's going on in the world -- and, by that, I mean the real facts and actual implications, rather than ...