FXE. GLD. Broken rules, broken trades

Posted on Dec 04, 2009 by WHC Bassetti in Letters

We are hedging our silver and gold trades with 2x ETFs, GLL (gold) and  ZSL (silver) and taking handsome profits in PGM, platinum.

Yesterday we broke a rule to exit the FXE short euro trade, not waiting for our stop to be hit.  Bad timing. Time to short the euro.

Oh well, no one is perfect, which was what we had begun to think of ourselves.

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