GOLD gold futures
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  1. dacata
    7,973 Posts.
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    22/10/08
    17:45
    Post #: 4417089
    bonz

    Funds why have FX positions in the Aussie, NZ are being unwound ie yen and swiss carry trades along with my other leveraged positions as these positons are being unwounds cash moving back into US dollars in the SHORT TERM.

    These past weeks have been the great unwinding of leverage.

    But who will want to hold a currency earning 1.5% interest. Who?

    the USD is goneskis in the MT to LT IMO
    Value at posting: $11,239
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