Trade Alert – Bought Australian $

Trade Alert – Bought Australian $

Huh? OK, OK I know – it’s not a commodity. But it is a commodity currency, and one that the folks over at the Daily Pfennig are bullish on. Chris Gaffney believes it could soon achieve parity with the US dollar.

And I love the statement by Treasurer Peter Costello (courtesy of the Daily Pfennig) that the government won’t take any steps to limit the currency’s rise because it trades in an open market.


Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss Market Value
10/03/07 Long 1 DEC 07 Australian Dlr 0.8820 0.8820 $0.00