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Mascoutah, Illinois | In my opinion where folks can end up having their thesis incorrect is the dollar. We have been in a ten year downtrend in the dollar while gold has been in a ten year uptrend. No trend continues on forever as we are starting to see natural gas finding a bid over the past week. Earnings continue to be strong for companies in the stock market and housing appears to be finding a bottom. I would not be suprised to see the whoosh out of the bond market with the dollar moving higher in the next twelve months as the United States economy continues putting up 2-3.5% GDP. I am of the opinion we see WTI print $75.00 or lower in 2013. Is the economy robust? No. But steady as she goes is sometimes the best medicine. | |
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SX12 looks like the ultimate short
