Tuesday, June 2, 2009

One bull

Generally speaking a rising 200 day moving average is a pretty reliable sign of a bull market most of the time. Right now the only 200 day moving averages that are rising and probably in bull markets are gold, silver and miners.

China is on the verge of turning the 200 DMA higher.

With the Fed clearly on the path to hyperinflation I think I know where I want to have my money invested.