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"However as gold was the desired investment:
1. The Long USD gold
2. Was Hedged Long USD-Short AUD."
Wow! If I understand this correctly, your idea of hedging is to double up!
Assuming that you are an Australian investor, you would have bought USD-sold AUD to pay for the first leg. Then, on top of that? you have hedged buy going long USD short AUD? Hedging what?
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- "Have We Reached The Breaking Point?"
"Have We Reached The Breaking Point?", page-110
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