This is a great short interview of Jim Rogers, legendary Wall St. guy. In it, he shares his contempt for Washington, D.C. hacks along with his view that world governments are headed down exactly the wrong path with their currency strategies. In his view, they are printing money to solve difficult problems, but they are [...]
My overriding thesis is that Obama is going to be spending and printing money faster than the EU. This should drive a fundamental rally in the Euro vs. the Dollar. This could change, of course…with Greece’s problem’s coming to light again in September, worries of a Greek Default will once again plague the Euro and [...]
The charts looked to be weakening for a slight pullback in GBP/USD’s .02 rise today, so after closing my long EUR/USD position I opened a short trade on it. I tend to take profits too early, and will probably do the same this time. I’m being really overprotective of my profits in this market. I [...]
I got in EUR/USD last week at 1.29778 last week and added to my position this morning at a lull in today’s rally. Average position basis is 1.30968. I wish it was a little lower, but this should be good for a run to 1.32 at least…perhaps 1.33. Still trying to decide my exit point. [...]