I am once again establishing short positions in precious metals. It seems a lot of the central bank news, including BOJ has been discounted in the short term and I belive we will have a nontrending/declining picture for the precious metals this year so I will be shorting on rallies.
This also rhymes with generally excessive hedges in the risky markets which means any short positions in the equity markets will have to wait until these hedges have been neutralized.
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