Everything's Working (for now)

Silver's working that's for sure.  Some, not all, SIVR hit the stop early today and we're out at 28.12.  We've had this portion of SIVR since Sep 1, 2010 and the gain was 45%.  Despite the partial sale, I'm glad we still own SIVR.  Here's the chart from stockcharts.com.

We've been lightening up on bonds and moving to shorter term bonds.  That also seems to be working.  Bond prices have been falling for a month and today was especially weak.  Google "bond prices" and you'll find nearly every hit attributes the bond price drop to "positive signs of job growth".  Exactly the same words across the entire internet.  I don't doubt the rationale, but given the uniformity of analysis, I keep envisioning a little old man hidden in a room somewhere issuing proclamations that every media outlet turns into a headline.  Our one Whim, a hedge against falling bond prices using triple short treasury bear fund TMV, which for months was in a death spiral, is beginning to do its job.

To round out the day we put in a limit order for additional shares of EWC.  Presently we're underweight non US equities and REITs.  EWC had the best chart so we put in a bid ignoring recent concerns the Canadian economy is slowing.  Maybe it's that one little old man in a room manipulating public perceptions again.  On a more positive note, Peter Grandich explains here why he favors the Canadian economy.