IKN

a plague o both your houses

Chart of the day is…………

….this FCX / PCU ratio chart from yesterday’s post (linked right here).

This because I had a lot of feedback about the post and its implications. It seems there are other market wonks out there who, like your junkie Otto, can’t pull themselves away from the market on the day of rest.

Gold is doing nicely this morning and the base metals recovering a couple of ticks, too. Makes for a brighter scenario than late last week, for sure. Will the Obama plan put the dollar under pressure? Hmmm…quite possible…let’s see how it pans out.

As a recap and for the record (as somebody asked in the morning mailbag), I’m long JAG and DMM.to right now with the rest in cash. Both those stock positions are fairly small. I’m looking to add DMM.to on weakness. But frankly, you shouldn’t be following me around like a sheep trying to trade what I trade. DYODD, dude…chances are you’re much a much better market timer than I am.

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