Thursday, October 16, 2008

Nippy Versus Gold

when priced in Gold most currencies are looking mighty bearish, chartwise. the Yen/Gold ratio, on the other hand, actually looks somewhat bullish. will the Nippy actually outperform Gold over the medium-term? certainly possible if this Deathflationary Assault intensifies. personally I'm long Gold, long the Nippy and short the Euro. and my account's been surprisingly stable the last 24 hours. fingers crossed.