The worst of the Dubai news in indeed behind us. Look for the U.S. Stock Market to work higher and Friday’s employment report could be a pleasant surprise (and/or be spun that way). I’m now watching for an opportunity to dust off my bear suit so stay tuned.
Going short the U.S. bond market could become as attractive to me as shorting the stock market was in late 2007. Stay especially tuned in on this.
Gold is consolidating nicely. The lows of Friday near $1,130 appear to be the risk to the downside but as it’s been for quite some time, the surprises should continue to be only to the upside.
Silver appears to be getting ready to lead again.
On Major Moves, Grandich has been very right and not only saved many investors fortunes, but expanded them dramatically. On November 3, 2007 at the MoneyTalks Survival Conference, Peter Grandich of the Grandich Letter warned that “an unprecedented economic tsunami will hit American beginning in 2008”. Peter advised publicly to short the US market two days from the top in October, 2007 and stayed short until the last week of October, 2008. He began to buy stocks in March 7th, 2009. He also bought oil and oil related investments near the lows after the dive from $147.
….go to visit Peter’s Website.