Tuesday, July 7, 2009

Euro vs. USD

Ino.com builds a good case here for a stronger euro vs. the US dollar which is contrary to my current positions in euro ultrashort EUO.

Now, I am not necessarily bullish the dollar nor bearish the euro. But I am attempting to use this short as a hedge against dollar strength and short term weakness in the gold market, where most of my positions are.

We shall see. But I thought it was an interesting little video.