DECEMBER 13th: PORTFOLIO POSITIONING
During the trading day today I tweeted the following:
In addition to the silver long (AGQ) I took on yesterday, I added gold via DGP.
I also took on emerging markets exposure via EDC.
These are all dollar sensitive trades that will benefit from the US Dollar putting in a top in the near-term, which I believe it is close to doing.
This seems like climactic buying that is leading to a blowoff top in the dollar (bottom in Euro). Likewise, it is influencing the gold/silver trade and emerging markets/commodity sector.
My plan is to hold these positions into next week.
