Fool’s gold and fool’s euro…

Posted on Oct 13, 2011 by in Letters

Jim Rogers said one time that people envied his ability to catch the top of markets.  What they didn't know he said was the 7 or 8 tries he made to do that.  Color us Jim Rogers.  On this thin chart pattern (broken trendline, broken horizontal line by a hair) we shorted the TLT by buying TBT.    As we keep saying a fortune is going to be made short bonds, and we are going to squander a small fortune trying to catch the top.

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