Sunday, July 17, 2011

Something Is Up ...

SGS is Short (as of close of 7/12/2011)
RTS 20110713 Short Portfolio (Bench Mark)

My Long Term Portfolio

Friday was an interesting day.  While indices were kept in a narrow range for the most of the day, Big Money was busy buying energy and energy service companies indiscriminately.  I think Big Money expects oil to go significantly higher.  Maybe Big Money thinks that the Fed is going to bring out QE-III shortly after the debt ceiling issue is resolved, causing further devaluation of our dollar against commodities, specially oil and precious metals.

Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.