Hindenburg Research doesn't like this 2nd news release anymore than the 1st last week.      cgw

Nice pop of PRED since last week.       

reported good earnings

great earnings & forecast

Any news on PRED recent weakest (after great run) & big drop today?

SDS call options interest jumps to new 2 year high - Schaeffer investment research        cwintemute

Yes trade with US & job numbers but golds are correcting after recent run up & banks hesistant after BNS recent refinancing, others to follow!!

I'm in this AM also. Matt thinks slv is overbought & 60 minute slow sto 60 over 20. My target is 20 day = $23.4. Also watch the 2 open gaps in slv. Good luck to us all.

REE breaking above $14 on volume      

Have a great week many thanks for your hard work & great calls for us,  cw

Very interesting article in Kitco.com commentaries - loomimg financial holocaust by Clive Maund, May 31st. Bottom line Major Wave B up (bear market rally) is complete.

Employee charged is a she who helped create the CDO. And a large hedge fund Paulson & Co played a significant role in the process.

Thanks Matt great call on weekend. Senario sounds very reasonable & your presentation is crystal clear

Also check out the excellent article titled Dubai Financial Nuke by Clive Maund who is a regular contributer on Kitco.com.             

I'm glad he filmed it so I won't have to go. I assume where the video stopped is where he fell?

There is an interesting article in the Schaeffer's Investment Resaerch - Monday Morning outlook about the option activity in this ETF (proprietary data from the exchanges) & their conclusions about these aptions. FWIW  c wintemute

Other news today on GENZ. This AM GS put GENZ on its conviction sell list & at 14.31 PM the company lowered its 2nd Q earnings & 2009 forecast & is scrapping contaminated material in its Boston.

If the stock market tops, then people will buy bonds so TBT will go down again. I'm out this AM & hope to rebuy below $50, that's the plan.        c wintemute

Looks to me that with the fairly successful sales of the 10 & 30 year bonds this week that the interest senstive stocks like the real estate & utilities are rallying a little now. Sold some SRS & hope to rebuy near the previous lows when/if the markets complete a higher 5 of wave 5. Anyways that's the plan.

Thanks, me too for redoing your update which is so relevant to the ongoings of the markets in these turbulent times.