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
Today’s Call: July Corn to Rise. Currently $7.20 per bushel.
Rationale – Combined effect of continued inflation pressures and closure of ports due to Mississippi flooding.
Result of Call for May 12, 2011: 10 Yr Bond Yield to Fall (Price to Rise). Was 3.221%. Currently 3.121%. Good Call
Calls to Date: Good Calls: 18, Bad Calls: 12, Batting .600
Today’s Call: 10 Yr Bond Yield to Fall (Price to Rise). Currently 3.228%.
Rationale – Congressional Showdown on Debt Ceiling to temporarily restrict supply of Treasury issues causing anticipation temporary increase in premiums.
Result of Call for May 9, 2011: British Pound to rise vs. USD. Was $1.64 ($1.6362):1. Currently $1.6393:1. Good Call
Calls to Date: Good Calls: 16, Bad Calls: 11, Batting .592
Today’s Call: Silver Price per Oz to fall. Currently $44.07
Rationale – Anticipation of Profit taking or unforeseen event.
Result of Call for April 14, 2011: US Treasury 10 Yr Bond Yield to rise. Was 3.485%, Currently 3.356%. Bad Call
Calls to Date: Good Calls: 3, Bad Calls: 6, Batting .333
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