There are important ramifications for the potential end of the weak dollar. With the positive employment number this morning, gold goes from a long to a short and must be sold.
Oh I know the boys at my barbershop…true to the core paranoid gold bugs will never sell.
The short bond trade might now be ideal and we’re considering an investment stake in the “TBT” which is getting jiggy on the employment data. The “TBT is considered a long trade and acceptable to IRA’s but the TBT moves inverse to the price action of the 20 year Treasury Bond.
Be careful out there.