"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, November 29, 2011

TLT weekly chart

I have had just about enough of the T bond / Deflation / Doomsday mania and shorted the long bond via TBT near yesterday's close.  Although I believe the risks favor a bear market continuation, I think fear got over baked and over bought lately; for the near term at least.

You do know that the refugees hiding in Uncle Sam's debt are used as fuel, right?  Well, the tank is full.

















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