Buying yen at 121.45 and selling gold at $670. Initial target Yen 120.2, gold at 665.

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原帖由 ephb2 於 2007-6-6 00:10 發表
Buying yen at 121.45 and selling gold at $670. Initial target Yen 120.2, gold at 665.

Why? Gold should be back to $655. Yen will remain weak. I am buying GBP instead.

Gold is weak, but yen should not be touched before the end of G8....

US has no sign of interest cut under stable economic growth, Japan has no sign of interest raise....

goodluck...

Hahahahaha.........
Speaking frankly, buying gold on dips and sell on strength !!
The uprise momentum for gold is more than you have expected.
Be careful.......if you working the otherway round .

if you have spare money you may long concrete yen but not margin and wait for 1 year or more. Then you may likely have a return of 10%. But you lose 4 % interest.

If I could wait 1 year I would rather short Candian dollar buy US using 1 : 10 margin

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原帖由 ytt 於 2007-6-6 17:49 發表

Short CAD? Are you serious? For leveraged FX trade, I like cross currencies such as AUD/JPY, GBP/CHF and GBP/JPY.

short CDN?  Maybe not a smart move... still some rising potential

aug/yen and GBP/Yen has risen for more than 20% for the past 3 years. No matter how long the road there gonna be an end. So be dicipline in stopping loss.

CAD is in 30 years high. 3 years ago it was 1.3 against US.  It's good economic performance, the rsie in old prices; and that it may raise interest twice this year have all been priced in. The risk for selling it against is limited. Shall hold for 2 to 3 months. Stop loss 200 points. Stop gain 500 points. One bad point is this involves interesting lossing for doing margin.  But hopefully the profit could cover it.

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原帖由 ytt 於 2007-6-7 01:55 發表
aug/yen and GBP/Yen has risen for more than 20% for the past 3 years. No matter how long the road there gonna be an end. So be dicipline in stopping loss..

I cut GAIN, not LOSS!

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原帖由 peninsula 於 2007-6-7 08:46 發表

I cut GAIN, not LOSS!

very wise

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原帖由 ytt 於 2007-6-7 12:27 發表
very wise

I will buy gold if US$640 or below.