June 8, 2009 – My comments are the same as the last letter. With each passing day, December’s top in prices (i.e., low in yields) looks more and more certain.
I don’t recommend that traders chase the T-note lower. I do not though have any specific recommendations at the moment as to when to enter on the short side of this market. So for now, I recommend that traders stay on the sidelines.
My objective is to share with you my views on gold, which in recent decades has become one of the world’s most misunderstood asset classes. This low level of knowledge about gold creates a wonderful opportunity and competitive edge to everyone who truly understands gold and money.