The Nasdaq 100 gives a clue where wave 5 ends, at 1922 June futures.
Sold 10% TLT at 94.60.
I also had a small position short silver that I just took profit on.
Is anybody going to argue that silver is not primarily an industrial metal. Anything have to do with weakness in the economy has been tanking, silver leading the pack. Gold has held up.
Subscribe to:
Post Comments (Atom)
Steve
ReplyDeleteOther then the Chinese goverment trying to push silver as something more to its citizens I could not agree with you more. That will fade away as they also feel the powers of deflation. Deflation is starting to get a good leg up world wide. Doctor doom and gloom is calling for a China crash in the next 6 to 12 months as there goverment puts on the deflationary presures(what a property bubble). Wait until the US and Europe start there tighting(Greese, you have not seen anything yet).