The good folks over at Canada’s Business News Network asked me to drop by this morning to chat about some of my favorite markets. I’m not a huge fan of initiating long positions in the major US stock market averages up here, I prefer bonds from a good risk/reward perspective. In terms of precious metals, I think it really depends on your objectives and time horizon. Structurally I think Gold still has problems, but short-term this rally might have a little more room. We also discussed Natural Gas and US Dollars vs Canadian Dollars.
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Technical Tuesday: Bull on Bonds (BNN)
Tags: $UNG $NG_F $SPY $TSX.CA $EWC $USDCAD $FXC $GLD $GC_F $TLT $ZB_F $ZN_F $TNX