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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Boca_PETE who wrote (42803)7/12/2009 12:30:17 PM
From: Skeeter Bug  Read Replies (1) of 42834
 
Boca, for an update, i'm seeing deflationary scare II. i'm out of TBT completely, but in the low $50s, not the $60s.

i'm also bearish on pretty much anything - look to november and march for what i see coming in the short to short medium term term.

yes, they are printing trillions, but their 5 buddies that are getting all the money aren't spending it or lending it and won't do so for some time.

that leaves a collapsing economy and a collapsing living standard for the people of the united states. lots of goods chasing less money leads to one scenario.

i'm long rwm and looking to add more inverse ETFs once we break the 878.8 support level and i'll play some trading money if we go up and tap the the 200 day MA (betting on the short side).

i look forward to the day that i get to load up on silver and gold at much lower prices - maybe less than $750 per ounce.
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