long silver
short treasuries (20yr mainly)
short AUD/CAD
long crude
long USD/HUF
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Interesting holds. Keep this in mind however: Commodities and Production levels in manufacturing are higher. However, the Baltic Dry Index is down 14% and falling. The Baltic Dry Index is the best indicator of Demand, on a global level.
Not saying that being long Silver, Crude is a bad play. However, keep the exit doors marked.
USD long isn't a bad play for a long term move....you may take some more heat but in the long run, the dollar should move up, a few points.
Short US treasuries is a Vegas play now. Shorting Munis that are likley in trouble is a bit safer. I would go long the US Treasuries...at these levels. But that is me.