i am still invested in the yen and in gold, but i have taken
positions in the politically safe, resource rich countries' currencies
too (canada and australia). although you might not get fabulously rich
from these investments, you are likely to grind out a nice double
digit return, especially if you sell options against your currency positions
(fxy-japan, fxc-canadian, fxa-australian). i am very satisfied with my results over the last year + and i see nothing happening domestically to
protect the dollar. how low is bottom, i don't know; but i doubt we are
close. |