Monday, March 29, 2010

Careful shorting that US Dollar

Goldman stops out of its short gold trade, and takes some significant losses. As awful as things are here, they are worsening faster elsewhere.

Here are a couple posts from November, one on value relative to gold, and another from China's perspective, both fretting over the possibility of short the USD.

Of course, Goldman struck first. We'll see who laughs last.

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