SC, Watching TEVA over the past weeks, I was thinking of your affinity for bottom plays, and was about to mention the stock to you again, and then today it got slammed an additional 15% (!) Wow, what else can go wrong with that stock?
They finally found a new CEO, who looks solid, but now Mylan's generic version of TEVA's big MS drug Copaxone was approved early, so the problems continue for TEVA..
Are you still holding any stocks? I've gradually been adding to gold/silver as funds become available. Chart-wise it's still too early to short, according to 'the rules' (since the uptrend is still intact), but the time for HDGE could be approaching. The recent big move in the Russell 2000 small caps might suggest a blow off top, but trying to call a market top has been so futile I figure it's better to wait for the charts to begin deteriorating.
Rickards says the consensus for a Fed tightening in December is incorrect, and the Fed will instead have to back off in 2018 due to the weakening economy. He then sees the dollar weakening and gold rising. He also sees a shooting war with N Korea likely within 6-8 months, and the Petrodollar system is in deep trouble, so gold makes a lot of sense.
Fwiw, my dad thinks China will remove Kim Jung-un, which will prevent the need for a shooting war. Let's hope so..
Hope you got thru the hurricanes OK :o)
