There will be no big option default like Sybil predicts. If options default, the shorts won't work either. Fiat money means the game will continue.
They will in days be scrambling to buy back the silver they didn't own but sold! Don't sell unless it hits $40--and then sell only a little because it is going to $80 at least!! Holter & Rickards & Sinclair are the experts!
Sentiment: Strong Buy
SQUEEZE EM HARD!!!!!!! $20 Friday?? Higher? What happens if more than 32 million ounces are demanded for delivery? Over 180 million ounces have been contracted for! This could be real interesting :) Read Holter & Rickards on these matters.
And Gross isn't the only one cautious on bonds. James Grant, the respected long tome editor of "Grant's Interest Rate Observer" is even more bearish on bonds than Gross. Grant has been at this game for more than 40 years, first as the bond columnist for Barron's and then writing his own letter. Probably the most astute bond man there is.
Read the latest Barron's, cover story, interview with Bill Gross. "10 year on the way to 3.5%"
3.5% 10 year on the way, probably 4.5% long bond. TLT could lose 40% of its price, easily.
Once great city no longer great.
I don't see how this leaves anything.
Then why would Barron's give Gross the latest cover story? Barron's has respect for his influence to predict rates.
Vulcan mind meld. V
Fyb, start giving "thumbs up" to skiidady to encourage posts. Like rewarding a dog with a treat when he does a trick right.
Best to use a 10 day moving average of skiidady posts--that works best.
It sometimes is a day or two early.
My lure worked. Keep posting my boy.