Gold, Oil and Bonds

Good morning. So Chrysler is giving us employee discounts, zero percent financing AND cash back. Wow. Fiat which is bleeding, losing money( canceled their dividend) will take a stake. With NO money down. How incredibly "nice" of them. Why should they put down cash and get skin in the game when we, the taxpayer has already done so? Interesting times.

Here are a few names to watch for the week. I will have more ideas as they develop over on twitter. Longs are in gold and energy, and staying short the bonds looks interesting.

Gold in Them Thar Hills

I've looked over many charts today, and the ones that keep popping up as bullish are the gold stocks. I never was a gold bug, but I have traded DZZ which is the double short gold etf. The chart to the left is for DGP, the double long etf for gold. Just an fyi.

Commodities

Well my commodity rollover theory lasted for about a week and things are ramping up again big time. I was lucky enough to make money in that window while it was open on the short side, but it now looks higher, at least for now. I now think oil could run to $120, not right away,but the range I had predicted for oil at $100-110 could easily be $110-120 now. I am also thinking of getting long PCU, even though I loved it as a short a couple of weeks ago. I like it as a long if it can break out over $120. It could measure to $132-135. Keep in mind it is very volatile, but that is the level I will be watching with great interest. I am also looking at gold again as a long but this time I would play it via DGP which is ultra long(2x the move) etf