Sunday, 8 May 2011
Bullish on Gold, Bearish on Bond
Two new signals based on the latest Commitments of Traders data from the CFTC: bullish for gold taking effect on Monday's open of trading and bearish for the 30-year Treasury bond, also to take effect Monday. See my just-updated latest signals table for all the gory details based on Friday's COT report. All other signals remain the same: bearish for the S&P 500, bullish for the BKX U.S. Bank Index and the Nikkei and cash for crude oil and natural gas. Good luck this week!