MND
Short

ISM - ARE WE HEADED FOR RECESSION ??

ISM:MAN_PMI   ISM Manufacturing Index
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TO MY MIND WE ARE AT AN INFLEXION POINT IN THE BUSINESS CYCLE. THE CURRENT CYCLE IS MATURE AND IT LOOKS PROBABLE A CONTRACTION COULD BE ON THE WAY.

REMEMBER BAD THINGS HAPPEN IN A RECESSION; SO LONG GOLD AND SHORT US EQUITIES SEEM A REASONABLE STANCE TO ME AS EARNINGS WILL GET SQUEEZED IF THE BUSINESS CYCLE CONTINUES TO CONTRACT TOWARDS 46 / 47.
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