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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
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Friday, March 11, 2011

Time to go pure cash?

Markets have made significant declines, and the overall trend from a chart perspective does not look good. We may even have a market crash due to recent events.

I'm still holding on, but with a twitchy finger. A key indicator to me is if the USD can press higher from here. The instability in the world makes it a likely yes.

Gold has taken it on the chin, again, any significant losses from here I may cut positions by 50%.
See recent USD movements, notice its at an interesting point. Good luck.

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