The New CS Board

[Stockmine]

Hi Don,

I'm not knowledgeable about bonds myselves. I know that you know more than I do. What did you meant by looking attractive now? Are you talking about TNX(10 yr note)?? If so, it has been popping up a couple of days now. I was lucky enough to pick up some bear +20 yrs(TBT) yesterday (which has a similar movement of TNX).

Also, I remembered you traded GLD. It seems to me that gold is in a bottoming process. What do you think?

Thanks for a your advice as always.


dww10063
Sunday, June 03, 2012 10:26:46 PM
Re: Stockmine post# 2240
Post # of 2318

Hi Stockmine. I have to admit I'm clueless about bonds at this point, and am out of them except in my diversified PRPFX and PRWCX positions, which are 50% hedged by S&P short positions. The yield curve is surprisingly steep, so if you believe as many do that a recession is likely, bonds should still have some play, esp on the long end. Rates look like TNX is trying to turn up while Tbills are trying to turn down. If this divergence continues it would strongly favor a recovery in commodities. Mostly cash and waiting for direction looks very attractive right now. Best, Don