Thursday, June 17, 2010

Higher Order

"It's the bottom of the ninth. The score is tied. It's time for the big one."
--Goose (Top Gun)

The most bullish chart thru my lens right now is gold. Classic cup and handle look w/ the yellow metal knock-knock-knocking on all time highs.


The fundamental/structural explanation behind this action is easy to grasp. Governments around the world are monetizing debt. And more money printing appears eminent. Pepple want to convert their 'worth less' paper money into a store of value.

For five thousand years, the go-to store of value has been gold.

I've reinitiated a position in GLD w/ intent of adding more. Have also been building a position in SLV.

positions in GLD, SLV

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