Wednesday, August 15, 2012

Silver Bump, Agiculture Dump


Markets continue their low volume limbo... 
Looking at the AUD selling hard at the 1.05 level and euro struggling to maintain it's hold on 1.23 - we are clearly close to a high volatility move soon - which direction will be dependent on the next global catalyst which we won't know until it happens.  I'd want to be playing the long side here, with a tight reign on beta positions, a quick 2% down day would probably see me liquidating my non core holdings.
I've closed my Agriculture ETF for a 79.1% gain - a milestone % gain for a single trade so far.