My AUD/NZD long (entry at 1.008) is approaching my initial price target of 1.051. While I can see this pair reaching for 1.08 in the coming months, I think it may be best to book some profit and re-evaluate short term before re-entering the trade.
In equities...
Gazprom continues to be the best buy of the year: the Russian titan of a stock has been soaring since the media frenzy over Russian geopolitics mostly subsided over spring. I am long VIRT, because HFT futures manipulation is a very profitable game and as long as the Navinder Sarao trial is ongoing I find it difficult to believe the crackdown will escalate; looking forward to the first earnings report.
I remain long a couple gold/metals stocks and miners, specifically NEM & NGD. Both of which were beaten to a pulp going into 2015 but are showing signs of normalcy as of recent. I believe both of these remain outstanding value buys and as long as Jim Grant remains bullish, I too will remain bullish.
Happy tuesday.
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