Sunday, February 08, 2009

Treasuries TLT - why it is The Bubble and why it is bursting. TYX, TNX, FVX, DXY, GDX, HUI, XAU


Tonight it looks like we are in a positive mode and everything is going up, we are pulling this chart for a change.
Nothing to add here to the picture.
Casualties are to follow: first US Dollar to break down and then FED to become technically insolvent. All those rushed into "Safe Heaven" play are sitting on a huge for a bond market losses, surprise for a lot of players will be that they will never come back until maturity in a new Bear market for Treasuries. If we are right in our suspicion that all those Cayman buyers of Treasuries are hiding FED agents among them, picture of Deterioration is FRIGHTENING.
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