***** Next Master the Markets Foundation Course 1.5 days - Sept 14-15, 2009. Call Dolly at 03 4252 4149 to enroll ! ***** The Importance of Being A "Honest" Trader :-) martin_tf_wong@hotmail.com: 9:51 am - Flash Alert by Bill Wermine.

Monday, May 25, 2009

9:51 am - Flash Alert by Bill Wermine.

Dear Traders,

"When the most respected voice in bond markets, Bill Gross of PIMCO, says that the US Treasury is going to lose its AAA status "eventually", we have a bombshell, which may have been too enormous to be readily absorbed by the markets. This is the world's risk-free investment. "
John Percival, Currency Bulletin London

Reduce all US Dollar positions. For cash accounts switch to SGD/ RM and AUD and gold.

This has not been discounted fully in my opinion. There are still many US Dollar bulls in denial.
I have been subscribing to Currency Bulletin for the last 15 years. His service is a contrarian service that is highly profitable and right a high percentage of the time.

Most of his subscribers are hedge funds and banks.

Do not think too much or hesitate,
Bill

No comments: