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Politics : Welcome to Slider's Dugout
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To: paul ross who wrote (11523)9/8/2008 2:06:13 PM
From: RonMerks   of 50758
 
Top in bonds?

For a short term trade maybe- as the vigilantes re-price risk. But, if the global economies continue to sink- and if housing and unemployment continue negative- I think Bernanke cuts rates. Down to 1% if need be. 1% will reignite housing. All they need to do- is not reopen the subprime flood gates.

If I didn't have USO & UNG shorts funding my rentrys here- I'd be very depressed. Whats scary is that we have yet to see that big volume washout day- and something tells me that we wont bottom until we do. I'm thinking there's going to be a -10 to -12% down day for the HUI before we bottom. I'd rather it be sooner than later- and get it over with.

Here's a call-

HUI 265 will be THE BOTTOM- then a 55 point bounce within 2-3 days back up to 320. And then a slow climb back from there.

Could see silver in the $9's- sub $10 bucks.

Ron
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