C.O.B.R.A. System Buy Alert: Another 50% Opportunity in FXI Puts

Ideological and security-related stock headwinds will be exacerbated by a coming currency war as China cheapens the USD/CNY cross-rate by devaluing CNY to boost its slowing economy. The combination of tech wars and currency wars is a recipe for a drawdown in the FXI price. Using the C.O.B.R.A. system, Jim and Dan recommend a short position in FXI as an expected decline in the CNY will set up a plnnge in the next few months for this heavily-weighted ETF.

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Jim Rickards

James G. Rickards is the editor of Strategic Intelligence, Crash Speculator, Gold Speculator and Tactical Currency Profits. An Ex-CIA insider, he is also an American lawyer, economist, government advisor and investment banker with 40 years of experience working in capital markets on Wall Street. He was the principal negotiator of the...

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