Thursday, March 25, 2010

TLT

I have some orders in for $88.70 and $88.50. The .30 cent dividend gets paid at the end of this month.

I think that yesterdays market action was extremely odd. When i looked at the market in the morning, bonds were down, gold was down, dollar up, and market down. I couldn't make a whole lot out of it. Technically the market looks weak but i have been saying that for 6 months. Tops are way harder than bottoms.

Also i think government is about to raise interest rates.

I am not living in the united states right now and have little impact from media coverage. It has been nice not hearing the idiots on cnbc anymore.

The strong dollar does matter and we are entering an era of stagflation. Just make sure you can stay in the game long enough to purchase GDX, USO, GLD, and SLV. When the dollar starts topping these funds could triple or double in value.

2 comments:

  1. It looks like your orders have filled.

    Tanner

    ReplyDelete
  2. Finally UNG got a boost. Let's hope it sticks.

    ReplyDelete