Say hello to Mr. Yen, Mr. German Bund and Mr. Crude Oil.
Markets will be dictated by the direction of the above three. We need the yen to weaken, the bund yields to rise, and crude to spike higher or stabilize. Go draw some fancy lines on your charts and figure it out.
Over in Exodus, mastery continues, unabated. My gold positions are ripping higher and TLT continues to impress. Did I mention that it was flagged oversold just a short while ago, nailing the call to the precise day?
It’s impressive that the yen didn’t soar against the dollar today, after spiking, initially, by 0.7%. But the core issues still persist. Moreover, the singular institution (The Federal Reserve) that has been the safe keep of this market and global stability since the recovery of 2009 has been reduced to a fucking laughing stock. I knew Janet Yellen was a moron of the first magnitude the second I laid my eyes on her.
In summary, I am long TLT with 25% of assets and gold and gold miners with another 25%. The rest is in cash. I am bearish because it is my belief that we’re at a tipping point. If I’m correct, I will save many of you a fortune. If I am wrong…fuck, you know “The Fly” never loses.
I’m not fucking around. This will be my best call ever.
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Ripcord
Pulled
Nugt,
HU-RAH!
1500 gold and face ripping rallies on all the shitty over leveraged gold miners!
Nice one Fly. We’re all going to be wearing our tophats tonight.