Today’s Call: 10 Yr Bond Yield to Rise (Price to fall). Currently 3.165%.
Rationale – Combination of selling related to end of QE2 purchases and uncertainty around debt ceiling, along with strengthening recovery in US raising inflation expectations to drive money out of Treasuries.
Result of Call for May 13, 2011: USD Index fall. Was 75.73. Currently 75.30. Good Call
Calls to Date: Good Calls: 19, Bad Calls: 12, Batting .613
A great analogy made regarding the supposed silver surplus during this segment. To arrive at a surplus in silver is akin to looking at the housing market and assuming the every house is available for sale at current prices.
They simply have the numbers all wrong and those who actually have silver are the beneficiaries.
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