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

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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