TLT tilts. We buy silver (SLV, AGQ)

Posted on Sep 03, 2010 by in Letters

http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=207054001

Jim Rogers couldn't have called this better.  TBT which we bought is the short of this.  Based on this action it could go a lot lower.

Meanwhile smarty pants sold his silver and had to buy it back today.  Remains to be seen which was the good trade.  We are very suspicious, and think the gold will be held in the trading range -- silver?  who knows?  But the chart says be long.

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