Next week is when Europe solves all its problems - at least that is what the market is expecting.  I am still short the Yen and long silver but I am looking to go short stocks around these levels.  I may put some shorts on later today but we have to anticipate a euphoric rally when all "Europes problems are solved" - which they won't be until all the PIIGS get to renegotiate their debt.  I covered shorts in the Euro last week ( by selling out my EUO position ) because as I said "it has become a crowded trade" -  too many speculators were short.  Since then we have seen a good rally in the Euro.  The best trading you can do is to find crowded trades and fade them.

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