72 Hour Call for May 18, 2011

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