Dear Reader,
Oil continues its precipitous fall. On the currency front I expect the USD/YEN to reach 125 in 1 year and 140 in 2-3 years.
Monday will be an interesting day for gold. On Sunday the results of the referendum in Switzerland will be known. I personally expect gold to gap lower on Monday. A good way to play this is being short major gold miners's stocks and/or buying mid term put options.
Disclaimer: This article is provided solely for informational purposes, and does not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost!
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