Bond Guru Jeff Gundlach
Spoiler alert:
“Don’t Expect Treasury Rates To Rise”
bullish gold
“China is really vulnerable for a substantial economic setback”
Not so bullish crude
“Junk bonds are no longer rich—they were once overvalued. They are just a little bit cheap, and probably on their way to really cheap [due to low crude].”
Likes India not for short term, but for a generation to come http://www.etf.com/sections/features-an ... nopaging=1
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Crude oil consolidated 4 days below $48, patience paying well. $40 is still immediate/intermediate target after 44.2 gets crushed. $33.2 still too extreme for now
Crude Oil inventory reports showed continuing build. Production increased. Still seeing those words, highest level for this week in over 80 years. Some would say Goldman has unloaded their positions, or gone short as they have now issued a sell for the next three months.
pullback indeed, now hard to call, need see more bars. I'm hungry, will be back.
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Chart as of yesterday’s close
WTIC and BRENT are getting closer to their long-term 2009 bottom
The 2009 bottom on WTIC was 33.55. Crude futures are intraday currently 44.87 and knocking on that double/triple bottom. Likely breakdown this time
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.