- Ongoing process here of 1. trying many technical trades, 2. weeding out the bad ones, and 3. building up the profitable ones. For bad trades, mostly small losses, some large (eg Copper). At the end of the day, what's left behind should be the very good long term trending trades that will continue to deliver. And overall, hopefully, the net result is a plus at the end of the year.
- Currently, core book seem to have reached steady state, having gone through many rounds of the filtering process so described. Left with 2 large positions : long CAD and long Gold.
- Time then to look at relative value between the CAD and Gold.
- Longer term : Bullish XAU/CAD.
- Near term : Middle of range (1005-1285). Nothing to choose between the 2.
- While running long both, have to look out for dip towards the low side of the range to increase weighting of Gold.
- [Of course, it is a given that there is every chance that both (=reflation/recovery trades) turn sour together and I get stopped out of both].
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