Fool’s gold. Chinese stocks.

• Post author:WHC Bassetti
• Post published:June 21, 2010
• Post category:Letters
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Charts like this inflict us with incredible ennui.  It looks like a breakout, with a gap and volume and the breakout bar is a black candle that might be interpreted…

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Dow black cloud. Silver lining. (Gold lining?)

• Post author:WHC Bassetti
• Post published:June 7, 2010
• Post category:Letters
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Actually, maybe it's a gold lining.  While the Dow was deteriorating gold was contributing to account equity -- as was silver.  Both could probably stand add-ons to the position.  You…

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Chin UUP and go for the GLD.

• Post author:WHC Bassetti
• Post published:May 13, 2010
• Post category:Letters
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UUP -- as we have previously noted is the long side of the euro trade, although other currencies are involved.  We have pretty much been long for months, and it…

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Was that a truck that hit us? No just a computer glitch. GLD and $INDU.

• Post author:WHC Bassetti
• Post published:May 11, 2010
• Post category:Letters
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As we expected Monday brought a vigorous bounce from the chaos of last week.  Tuesday, today, results in a neutral day.  We may well see another attempt to take the…

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Explaining the hedge trade SPXU and GLD

• Post author:WHC Bassetti
• Post published:May 1, 2010
• Post category:Letters / Uncategorized
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Friday we put on a partial hedge as an inept response to the present market.  We'll probably get egg on our face and be proven impatient again.  But here is…

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