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kipp440

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kipp440

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Tuesday, 08/21/2007 12:52:10 PM

Tuesday, August 21, 2007 12:52:10 PM

Post# of 35752
What is holding me back.

The Yen carry trade unwinding is what worries me about entering any new positions. I am watching the Yen closely and everytime it strengthens gold and stocks go down. I think we could see another huge panic sell off if the Yen gets stronger. The kind of sell off that sees the high quality stocks get hammered in order for margin calls to be met. It is hard to sit on my hands but I am going to wait and see if my hunch is correct.

Kipp
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