Quietly……As “Hurricane Sandy” plots her assault on the Atlantic Coast of the United States – the dollar also plots its course for the 200 day moving average.
I´ve been watching patiently as the last winds of this “dollar rally” blow hard towards (the now flat) 200 day moving average….and now….only a few short gusts away – the storm has arrived!
Coupled with the recently announced “QE to Infinity” – one would have to assume this to be “certain death” to the dollar – and an absolute “Golden Opportunity” – to not only get short the buck – but to buy gold (and related stocks if that’s your thing) hand over fist!
I will be buying gold here (likely through the miners).
I will begin building several positions “short the U.S buck” as well Yen – against a basket of several currencies….as I look to “RISK ON” taking hold in coming days.