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November 5, 2009 / Jeb

Buy (TBT) Time to Short Treasuries

Treasuries have been showing major signs of weakness for some time.  The fear of the consequence of low interest rates which results in inflation is terrifying investors.  There is a flight to precious metals now globally in which we are now seeing a true secular bull leg up for the gold and silver markets which will take us short term to Gold $1300.

I am also buying TBT which is a short treasury etf to hedge against massive inflation in the next few years.  I wrote a note when to sell TBT in June. Now I am moving back in at much cheaper prices as it is demonstrating a clear inverse head and shoulders bottom.  TBT

Notice our stop loss sell point and our buy point here.  Look at the bullish price volume on the right shoulder.  There could be a measured short term move up to $54.

 

 

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One Comment

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  1. BioDoc / Nov 5 2009 3:26 am

    Great article on MarketWatch about the Treasury bubble that is about to burst.
    http://tinyurl.com/yjb6hfv

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