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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (20768)6/10/2009 4:28:33 PM
From: RockyBalboa  Read Replies (2) of 71456
 
Not a bad thought.

As everyone and his kids is buying gold, or has been buying gold which made sense as to the monetary debasing... it is up three times when housing is like flat or down 50%, depending where you look.

But for now I tend to buy treasuries. THis comes always when I see the opposite instrument (TBT is) trading afterhours. Meaning only one thing - the high for this instrument is near.

It traded 59 today.

Any word from the treasury about tightening (which is actually long priced into fed funds futures now)... and there will be a relief rally on the long end.

(Before that happens it will be interesting what pain level treasury holders will bear. It could be right here or another five to eight points lower).
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