Cut lose the DBA/GRU/RJA today--nice run although wish it had been about 10x more. Put in some orders for GDXJ in case we take the big gold dump--we shall see.
Will add back to tlt-s this evening.<<
Holding on to the TBF/RYJUX here--expect <105 on TLT at some point in the next 10 weeks--Benron made a point to say rates could go lower--he also said sub prime was no big deal and commodity prices were transitory. He also claims to fly choopers although have never seen it.