Buy (TBT) Time to Short Treasuries

In Stock Movers on November 5, 2009 at 1:51 am

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.

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.