A Fear Trade
No Sign of a Bottom on T-Bonds and Gold
Yesterday I had a number of questions and comments come through my private email group. A question that predominated was based around the fact that the charts for Gold and 30 yr T-Bonds look terrible, no sign of a bottom. That is true and I guess I just have to say that at this point this is a fear based fundamental/political trade. At some point the charts for these markets will look like they have made a bottom and even later they will have bullish trend followers involved, but that is down the road.
A Host of Contrarian Plays / ETF Spreads will develop out of this Base
These we develop for our private clients as things engage.