Chart update GLD GDX CDE SPY TLT Naz 100

SPY broke below 200 day SMA and could have a short squeeze bounce to 133. GLD huge volume up day in anticipation of more QE or whatever acronym they dream up, Gold miners GDX may have bottomed, CDE perking up again.  CDE digs the silver out of the ground for 6 bucks and sells it to you for 28, nice biz!  During the great depression the gold miners were the only stocks that went up (and went up a lot) Nasdaq 100 is still holding the 2007 breakout (because of AAPL), the only “bright side.”

Update on the great “bond market breakdown” or should we say breakdown to the downside and fake out.  This is a textbook example where what everyone thinks is usually wrong and why you should never loose more than 1% of capital on ANY trade!  The 10 year bond now will pay you 1.5% for 10 years, great investment.  In Switzerland and Germany you actually pay the government to lend them your money or lend at 0%.  Interesting times.

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