Is that a breakout? Time will tell(click to enlarge)
Hell, there’s something very strange going on when Berkshire Hathaway CDS’s are running at +415bps. Also, take a close look at the three month T-Bill at 0.07% yield. The last time that squeeze happened was the day gold shot up $100 (and I mentioned the reasons why in this post).
So, your humble blogger has bot some of that paper that says I own some of that yellow metal. Trading position only. And I don’t wanna put the mojo hex on but I’m already 1% on the trade ex-comms….just hoping that JAG decides to join in the fun (BTW, I didn’t add to my JAG yesterday…too chicken).
DYODD, dude.