Commodities are being liquidated. This will have a profound effect on commodity related managers, fools like Jim “the bowed tie” Rogers.
But put that aside for the moment and fix your eyes on the 10yr bond, getting hit again, barely up now.
Click on chart for live quote
I was very close to buying SOL and WETF, but have put off new buys until I feel comfortable with the bond market.
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What will be the catalyst for bond prices to resume inverse correlation with stock prices?
It will take 6 months for 10-year to get to 2.3
It will take >= 6 months for market to hit a new high
Junk is up again, REITs are up, IWM has recaptured it’s 50 DMA. Looks like risk on for now.
Sir, I humbly submit that the TNX can be of some use here. Looks to me like it either is basing on top of, or will close inside of, a huge descending wedge going all the way back to 2007 on the monthly. Probably will close right on that line to continue to fool everyone. But we then should have some more clarity in July.
Quarterly liquidation by those boys that want commods off their books. Looking to buy Silver for an early July dead cat bounce.
FUGGIT!
NUGT!
Dividend payers back in favor.
DUST baby! DUST and a little DSLV and DGLD … just one crazy guy I am 🙂
“Commodities are being liquidated. This will have a profound effect on commodity related managers, fools like Jim “the bowed tie Rogers.”
Fools?
Dr. Fly,
Surely you jest? That old guy (Jim Rogers) is worth somewhere around half a billion dollars
mostly by being long commodities.
Half a bill? Pfffft, piker.