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RE: (VIDEO) US Dollar Plunges, Oil Rebounds, Crypto Attack, Fed. MBS Scheme. By Gregory Mannarino
joe - the carry trade for gold/SLV/GLD is the USD/JPY; it is nothing to do with the DXY. Look at the chart below I have just done. It shows gold is THE carry trade for the USDJPY; they simply mirror each other.
It only looks that way right now but then if that is the case ...using "logic"...if Greg agrees with your opinion then he should be closing both his GLD and SLV longs right now or hedging them...since he already admitted (altho I'm sure not all here knew) that he closed out the short sides of those trades. I'll just let Greg say what he wants to clarify things and I wouldn't be surprised if he doesn't reply or address it at all. It's a very difficult conundrum to figgr out. I have my opinions logged at my blog btw. I don't bring my trash to Greg's place becuase most of the time Greg's trash is my next great trade. :-)