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The other shoe what is it? Actually, there are several “other” shoes getting ready to drop. Today we saw one of them… Did you check out the Treasury Auction today? What happened on those 5 year notes. They didn’t sell all they offered in simple terms. This is a huge week of financing for the Treasury and they had a shortfall and were only able to sell $39 billion; the bid to cover ratio was 1.92 the weakest in almost a year. Yields (the tail) were well above expectations with the yield rising to a 4 week high of 2.66%.
In turn the stock market dropped 26 points to close at 9071 DJI. Slipping ever closer to falling beneath 9000. Analyst’s however are stating the the DJI came back up after much deeper losses which is bullish. Hmm… Could there be another round of fabricated unemployment numbers tomorrow? This market is being heavily manipulated and is try to suck in investors to the upside so that BAM!, another Crash and there goes another chunk of our savings down the drain. Be aware, watch the remaining Treasury auction, keep your stop loss points very close. Remember there is a little bit of room to the upside to make a nice head and shoulders.
Alas, poor Gold today down another $12 today. Good news for smart investors, time to buy more. Believe it or not the rally start is about 1 to 1/2 months away, maybe much sooner. Oil did it’s retracement today and will start heading back to $70 barrel. Keep accumulating in both Precious Metals and Oil stocks junior and mid tier producers. Our time is coming very soon.
In the coming days I will put together/report my portfolio fav’s and publish them so you can check them out for yourself. Stay tuned, subscribe to the blog or follow me on Twitter to be the first to know.
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Good Investing! – jschulmansr
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Nothing in today’s post should be considered as an offer to buy or sell any securities or other investments; it is presented for informational purposes only. As a good investor, consult your Investment Advisor/s, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investing decisions and/or investments. – jschulmansr