The coming Jackson Hole talk is what the market has been waiting for the past six weeks. What if Ben does the unexpected, and tells everyone that his hands are tied until Congress starts working together on a meaningful approach?
Archive for August 2012
We are getting 10 percent short gold in our portfolios this morning at 1660 or higer. ETF DZZ will work.
Gold lovers seem to be a bit excited with recent action but our view is that this market is still wandering around in the range established in the fourth quarter of 2011. The highs and lows of that period after…Continue Reading →
Today, we are seeing the short bond ETF TBT and stock ETF’s like SPY and QQQ making higher highes, lower lows, and what will probably be lower closes. More importantly the summer rally on extremely light volume is at the end. The…Continue Reading →
John Mauldin’s last outside the box commentary by George Friedman of Stratfor hit the mark in my opinion. Regardless of whether the stock indexes come back and make new highs on light volume, or not, everything has changed and the…Continue Reading →
Our generally defensive overall posture continues with our best position at the moment being the short T-Bond position. While this trade is part of a long-term perspective, we will take it off today as the good economic good news of…Continue Reading →
I’m back from vacation in Europe. My take on things there and how it will affect markets is that Gold is headed into low 1200 area. While the politicians talk about saving the euro, the European people are preparing for its…Continue Reading →