TBT…Metals

This is for all investors and Traders..

I am buying a 30% position in the TBT with an intra-day stop just below today’s low.

Very long term investors who have been involved,Long the Metals ETF’s, should take your money ( sell the GLD & SLV) with a 4 P.M. NYC close below 1874 in the Gold.

If the U.S. Dollar gains further traction from these levels the metals will likely lose a bit of their shine.

http://yrah53.wordpress.com/2011/08/28/impress/#more-1108. This is worth a re-read…Yra’s comments from Sunday 8/28, where he called for a short in the Euro.

At the time yours truly was unconvinced, mainly due to the price action in EUR/CHF. The SNB,at least for now, just ended that game last night.

This entry was posted in Archive and tagged , , , , , , , , . Bookmark the permalink.