As my last meeting comes to a close, along with my day (I’m taking an early weekend), I meet an end of the week reward, as ERX is bleeding out another 4%, all thanks to Asia joining in on the fun. They’ve decided to blast oil markets as well, following the Obama Administration’s lead.
For the day thus far I am up another .1%, as remnants of my portfolio hold onto small gains and losses elsewhere are offset.
I added to CCJ last Friday, if you didn’t catch that. As such, my cash position is below 10%, but being that I’m mostly hiding out in underpriced assets, I’m not concerned.
The dollar is continuing to rally, exactly as I said it would at the end of March. I will look avidly to the outcome of the debt ceiling argument, to give clues about forward policy and the direction of the dollar.
While I don’t believe the currency will strengthen, in the true sense of dollars being taken out of circulation or naturally occurring price decreases from increasing production, further dollar strength may still be witnessed.
Substantial bets were placed against the dollar, over the last few years. Those unwinding positions may bring further upside to the greenback yet. And world governments seem to be coordinating a full on attack against commodities alongside this strength, which may serve to make it all the more potent.
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Jobbienooner!
Haha, have fun with that.
Good work.
Uranium stocks look like they have been trying to bottom this past week.
I got some URRE
Good luck and have a nice weekend
Yes, and the rare earths as well.
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Just noticed the app developer forgot to add you on app. Sorry about that. Will add you on update
Not a problem. I need to download it still.
Will do tonight, to check out the excellence.
I didn’t know they sold iphones in Detroit.
Haha.
They don’t…