The best North American currency is the Canadian dollar.
The best continental currency is the Swiss Franc.
Regards, Jim Sinclair
This is bad...really really bad...
10 Year Treasury Yield Rises to 4 Percent For First Time Since June 2009 (click here for yields)
Bond Buyers Demand Record Downgrade Protection- Bloomberg
US Bonds Midday CIGA Eric
US bonds, TLT, have already breached the swing low on pretty decent volume just after midday. Ignore the headline spin on bonds and equities, a breach of this low, which is also the straight line neckline from June 2009 is no small matter.
Last week’s COT data (10- and 30-year) illustrated big inflows to protect this zone. If this line in the sand cannot hold, a new lower line will be conceded and the neckline will have failed. Very The market’s reaction to an identifiable technical top could be difficult for even the spinsters to contain.
With that said, I expect this zone to be heavily defended as the technical implication of a break are huge. Failure after a critical support despite intensified efforts will reveal the severity of the technical damage. A point that will not be missed by the trading sharks that will show no mercy.
US Long Bonds ETF (TLT)
More…
Speeding Toward the Currency Graveyard
http://www.uncommonwisdomdaily.com/speeding-toward-the-currency-graveyard-9109?FIELD9=4
Gold - Ready to Roar
Debtor Nation
Voting with their feet: "Atlas Shrugged" taxes blow up in Maryland's face.
Marc Faber and Mish Shedlock on Inflation, Deflation, Doom and the End of Civilization.
Water bills go up in down economy as usage drops.
Health Plan May Hobble Economic Recovery
Harrisburg, Pennsylvania May Miss Debt Payment; Go Into Chapter 9 Bankruptcy
Speeding "Cushion" May Dwindle Due to Recession
the security of the national food supply is being compromised.
Christopher Barker: Is your safe haven a house of cards?
Peter Brimelow: Gold price suppression suspicion now mainstream
"People put up with the devils they know. They do not look for a lifeboat when they hear the ship's hull scrape the iceberg. They assume that it will be business as usual. Then, one fine day, it isn't." - Dr. Gary North
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