The markets were mostly down today. Oil was up and some of my oil and gas shares were up.
I had a few shorts thar I closed out and added a few more shorts before the close, mostly industrials. CAT ,I shorted that too.
I closed out my platinum ETF too, made over 1% on it.
Today I sold a lot of my small caps because I think they will continue to sell off.
I think software shares will continue to rally a long with commodity stuff. Gas, Weit ect. Sprott has nuclear stuff, I cant remember the the ticker, but its yellow cake.
I dont think the war with Russia or Iran willstop anytime soon.
The Chinese continue to but oil from the Middle East, and oil is now priced in the 90s.
So I continue to think markets will sell off and when the inflation numbers come out and inflation ticks higher I expect bonds to sell off. So expect higher interest rates.
I still dont think the Fed will raise rates but if they do, soon after they may lower them faster than people think.
Either way expect higher volatility.
The US Doller didnt really rally much, so I expect the USD to go lower over time.
The Canadian Dollar keeps rallying against the USD despite trade sanctions and trade frictions.
The Mexican Peso and Colombian Peso are up against the US Dollar too.
Thats it for now. Thanks for reading
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