2011-07-18th (Mon)

At the end of the previous trading session I had the following positions;
Long 300,000 USDJPY with ACB of 79.438
Long 200,000 USDCAD with ACB of 0.96322

In today's trading session US markets fell on concerns of the US debt ceiling and European debt crisis.
http://www.usdebtclock.org/

We should expect markets to continue flip-flopping on each piece of news

Article - "Fears about debt send gold price to record - Investors searching for safety push gold to record price above $1,600 per ounce"
http://finance.yahoo.com/news/Fears-about-debt-send-gold-apf-2055958735.html;_ylt=Ao.LZiBvD16Pp3lnIjNFGf.xba9_;_ylu=X3oDMTFlNzhwY2hnBHBvcwM5NQRzZWMDbmV3c0h1YkFydGljbGVMaXN0BHNsawNmZWFyc2Fib3V0ZGU-?x=0

Article - "Sovereign Credit-Default Swaps"
http://www.cnbc.com/id/38451750

Currently I have the following positions;
Long 300,000 USDJPY with ACB of 79.438
Long 200,000 USDCAD with ACB of 0.96322

USDJPY is currently 79.063 (2011-07-19, 01:11 am EST)
USDCAD is currently 0.95887 (2011-07-19, 01:11 am EST)

Our first line of credit was activated on 2011-06-16th (Thurs) and our second line of credit was activated on 2011-06-29th (Wed).

Total equity is 11% of June 1st and we are committed to trade ourselves back to our High Water Mark.

Stay Tuned,

Jeff
(2011-07-19, 01:11 am EST)