We came out of this OK. We lost most the profit we made 3 days ago; however, that was house money. We survived Yellen and The Fed's debacle. Bonds went down, stocks went down, gold went down, and their credibility went down. What are they doing?! We are now perfectly positioned in gold. Let's hope there is no more blood - It's OUR money now.
Actually, the bullish technical charts are still intact. The bullish chart for bonds and gold are still intact. There are no confirmed breakdowns in bonds or gold. We are close though. What's a trader to do? Buy stocks? No. Growth may slow. Buy Bonds? No. Not according to the media. The bond bull market is dead. Buy gold? No. Rates are going up.
The markets are totally confused. We aren't confused, we just may be wrong;)
Rates can still go lower- I can't believe The Fed would just crush all the foreign governments holdings in bonds without a chance to clear some of their inventory. Why would they crush their own inventory? Rates are going lower in the Short-term
Gold is still a good bet here if rates are going down,
If it doesn't play out this way, maybe it's better to sit on the side lines for a bit.
