Tuesday, October 14, 2008

Getting Long GLD and FXY

I am getting long 1 unit of GLD this morning here at $82.60 with a stop at $79.29


Also those inclined to look at the Yen ticker FXY, it is sitting on the topside of the gap($96.90) which should be support, and a clear risk defined area as a break could fill the gap. I am getting long 1 unit of the yen ticker FXY here at $97.05 with a stop at 95.89

I will post a charts on these later today as I cannot upload them to blogger at this time.

Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".


Open Positions:
Long 1 unit Gold Spider ticker GLD at $82.70 stop at $79.29
Long 1 unit Japanese Yen ticker FXY at $97.15 stop at 95.89
Long 1 unit of Ultrashort 20yr TBond ticker TBT @ $60.10 stop at $60.19
Long 1 unit of Anglogold ticker AU at $17.90 stop at $17.94
Long 1 unit of Goldfields ticker GFI at $8.60 stop at $7.57
Long 1 unit of Chicago Bridge/Iron ticker CBI @ $11.55 stop at $11.79
Short 1 unit Int'l Bus Machines ticker IBM @ $129.05 stop at $97.71
Short 1 units Salesforce.com ticker CRM @ $56.05 stop at $42.12

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