Wednesday, September 14, 2011


12:54 am (Hawaii) Clive Maund sees silver on the verge of a plunge, though he offers nothing beyond technicals. Good enough for him, not for me. I'm not touching paper silver here, but I am watching for a dip. But Maund has already echoed what a lot of people expected with a decline in the Euro: a rise in the US Dollar. If that means, as he predicts, a rise in Treasuries, that fits the recipe, doesn't it? After all, Obama is long Treasuries.

Might take a closer look at UUP (long dollar ETF) this week for a brief, quick trade, though I still lean toward FAZ long term. No positions, all cash, but watching.

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