Did I mention X.....US Steel is trying to go up.
Thursday, January 12, 2012
Long bond smackdown.
A few minutes ago the U.S. Treasury concluded todays auction of long term government bonds. There was poor demand and the UST sold off sharply. It is my view that the long bond market is set to go down. The trade MAY resemble that of the gold market from a few weeks back. In other words the chart shows the potential for a lot of selling below here.
The fund to buy as/if this develops is TBT.
Always scale in and control your losses......
Did I mention X.....US Steel is trying to go up.
Bon Appetite
Did I mention X.....US Steel is trying to go up.
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