The Year is drawing to a close. I wanted to take step back and look at where things stand since 2008.
Generally speaking, relative to 2008, things are still good. Relative to 2008 this is what we are trending now.
USD neutral, looking weak
Gold Miners mixed, leaning weak
Gold looking mixed, leaning weak
S&P 500 - Trending middle of up range since 2008
TYX - US 30 year interest rates on verge of trend change up.
If we are to believe these indicators, 2013 is not going to be fun.
I need to think on this, and possible lessen positions....again.
To the charts!