Friday, November 27, 2009

Yen, gold and Dubai

Dubai debt problem is still playing out. There is power struggles between Abu Dhabi and Dubai and Dubai has to yield power to Abu Dhabi if a bailout is required. Yen has reached new highs and intervention is likely now. Gold has been down 30 dollars as expected and probably will go down further but I do not expect gold's correction exceed 10%.

will close out HXD at the opening. Will buy 200 BAC @ 14.7

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