- 1. Covered short Gold at 1564 average. Downside has been disappointingly lame recently.
- Replaced 1. by 2. Sold July Copper at 338 and 3. Sold EUR/USD at 1.2380.
- 4. Increased USD/JPY hedge at 78.44.
- Overall Risk On still maxed out. Same number of eggs, fewer baskets but fuller.
01 June 2012
Trades Done 31May12
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