Ground--<<BTW, I'm getting ready to reverse positions and short the 30 year bonds. Not quite yet, but getting close.>> I don't follow bonds, is shorting a bond the same as shorting an equity? What is your take on the following--
The Privateer suggests --
Watch the Treasury long bond yield. When it stops falling, that will be the indication that some people are thinking that maybe the future isn't certain after all. When that happens, Gold will be ready and waiting. (From Jan. 9 commentary)
Throughout the Asian crisis, and especially since the larger economies of Hong Kong, Korea, and Japan itself were caught up in it, the "flight to quality" has all landed squarely on the U.S. Dollar
and its preferred instrument, interest-bearing U.S. Treasury debt paper. As long as that was occurring, Gold was the forgotten alternative. Now, with the first signs that the ardor for Treasury
debt is abating, Gold has staged its biggest weekly rise since the Asian crisis hit Korea at the end of September, when the yield on long-term Treasury debt started falling in earnest.
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