Position Adjustments

Gold/Silver:

Short term: keep the position of gold and silver, may dent further. Long term, long both.

Energy:

Cheap, add 100% more position. Take another ETF: XLE

Euro Banks:

Add some exposure of Euro Banks

Brazil:

Keep OW, add 60% position

Next Step:

Gold/Silver may drop further, control the risk

Monitor the performance of Energy/EuroBanks/Brazil

Have SDS ready….

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