Tuesday, December 30, 2014

Gold in Yen still going strong

I've been bullish on gold for two and half years but not in terms of US Dollars but in Yen terms. 

Long Gold, Short Yen has been a great trade. Long Gold in dollar terms has been a horrifying trade. I have no opinion of Gold in terms of dollar terms. I have a very strong opinion of Gold in terms of Yen.