Loading ...Something strange going on, I see some green PMs over here. Some kind of rotation started going on, maybe USD starting to roll over. It peaked with high volume 9/27. The past 3-4 trading days may have been a simple bounce. Same deal with the 10 year rate.
May start dropping. The rates may have started climbing on their own, (bond sales by investors) naturally, but the Fed may be following rates higher and acting like or making believe they are in control of everything, which they are not imo. They WERE fighting a deflation.
May be a good time to short Oil via SCO, and maybe I’ll sell the TZA up 13% $248 from 10/4 for me, and double my long Silver AGQ down 10% $248. Strange how they are both washing each other out today. “Target practice” LOL.
Semiconductor short up 10% today. Its down about 99% past 5 years but gaining volume since January. Same with short techs up 5% and growing volume since Jan. There must be millions of very disappointed long term bulls that just kept plowing new funds into those shares. They are all getting the classic PMs treatment for a change.
FYI I just did it. Sold the winner TZA doubled the AGQ loser. Just trying to guess what the heavy margined futures gamblers are betting/voting prices, its a joke out there. People buying and selling NOTHING at all but a short term opinion. Doubling the shares make a 10% loss into a 5% loss. That huge Silver jump on 10/3 was probably futures gambles covering shorts and making their losses bigger on themselves. Booking losses.