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Risk plunges while oil, USTs, and JPY surge on safe haven bid as the revolution is being televised

naufalsanaullah's picture




 

Original piece here.

20110131

 

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Sun, 01/30/2011 - 23:55 | 919277 chump666
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short stocks, UST/USD bid.

Egypt/Dubai could spark a flash crash

Mon, 01/31/2011 - 00:13 | 919312 topcallingtroll
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Gosh. what do you know?  The troll will eventually be recognized for the cognescenti that he really is. I even beat TD to it, twice now.  Three times if you include the deflation call, silver and pm top, and stock market top and sentiment shift..I even beat that dastardly robo and his neat article... Now that we are at the inflection point keep in mind that oil won't hold up for long.  The riots will be over fairly soon and oil won't be able to catch a bid.  the suez canal won't close,  the saudi monarchy won't fall, and in fact they will turn the spigots wide open for a few months.  I don't think you have a lot of time in oil, unless things really do spin out of control and it doesn't appear that way at the moment.

PMs are a little tougher to call right now.   The chinese have really messed things up with that call for more gold and silver in their reserves.  they are truly the fly in the ointment right now.  Still smarting from what JPM and other speculators did to them at the last oil top and with iron ore, copper, etc.  Pissed people do crazy unpredictable things.... My magic eight ball keeps saying ask again later.  However I am going to go out on a limb here and say the double top (it was kinda double toppish) is in for silver but we aren't going to see a test of the 200 dma like I hoped. Gold and silver meander trendless for a couple more months.

Mon, 01/31/2011 - 00:40 | 919355 RockyRacoon
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I'd suggest you not play Russian roulette.

Mon, 01/31/2011 - 01:01 | 919400 gwar5
gwar5's picture

With the world on fire safe havens are a good place to be. I still like precious metals.

If gold is good enough for President/dictator Ben Ali of Tunisia, it's good enough for me!

Bonds and Derivatives are so 2010's.

Mon, 01/31/2011 - 06:42 | 919636 Sudden Debt
Sudden Debt's picture

Very good and convincing points!!

+10 :-)

Tue, 02/01/2011 - 05:49 | 923080 Mr Sceptical
Mr Sceptical's picture

Seems like a lot of those fx trades are being smashed beyond the stop losses.... And I was stupid enough to follow them :-(

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