Swiss Quit on Their Own Currency

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Alright back in the saddle here. Was attending my 5-year college reunion past 4 days – man did I miss some crazy action on Thu/Fri. Back this week and we’ll try to figure out where these crazy markets are heading! Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 05/21/08 […]

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You know, I wish I had something interesting or insightful to say. Last week sucked, and I’m just glad to be out of my losing positions (silver – ouch, pork bellies – rallied since, of course). Did a bit of thinking, and it’s probably time I start following my own advice. Keep position sizes manageable, […]

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Same story we’ve been following here. A nice rally in the grains today, and a little bit of life in the softs as well. Can corn continue to break out from here? It’s been rangebound for the past couple of months – I keep thinking that fundamentals will eventually prevail and push corn past the […]

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Chuck Butler on the Swiss Franc and potential end of the carry trade, from his must-read currency newsletter, the Daily Pfennig: Swiss inflation is really putting the pressure on the Swiss National Bank (SNB) to raise interest rates… Inflation in Switzerland accelerated faster than expected in March. In fact, it was the fastest monthly pace […]

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Full article Summary: We all know the yen carry trade – folks borrow “cheap” yen (paying unnaturally low interest rates), invest in higher yielding terrain (ie. Australian dollar) and leverage the shit out of it. This doesn’t work when the yen rises – as it is now. I had assumed that most of the carry […]

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