Our opinion, it is time to Exit the Long T-Bond Position

We have been talking for some time about why a long bond position makes sense.  The exuberance today says to us, time to get your money out of the bond market.

We continue to like gold, and are moving the bond money out into short S&P positions.  We like to fade craziness.

Two charts here worth pondering:

On the macro charts there is a strong possibility that we are seeing a double bottom / head and shoulders 10 year yield chart.  Double bottom was made in 2006 and 2012.


And commodities which have been hiding for ten years could assert themselves dramatically to the upside at this point. If you are looking for reasons, climate change based crop failures and war.


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