Short update

Not much to report this week as nothing has changed. My expectations that the dollar will continue to weaken remain which means the stock market, gold, oil and other commodities should continue to show strength. With the Fed creating money out of thin air at a dizzying pace and showering it on the banks it has to go somewhere. Below is the chart of the dollar index which shows a slight uptick last week put poses no threat to the moving average line.

The next chart is DDM which is the proxy for the Dow. Again not much movement.

Here is the chart of DIG which is the proxy for the oil and gas industry. As you can see it's downturn matches the uptick in the dollar index. 

The next chart I follow is TBT which is a short of the 20 year treasury market. In theory as the dollar weakens the price of treasuries should drop pushing up yields. This fund is an inverse fund which means that as the price of bonds weakens it goes up. As you can see the little uptick in the dollar caused this one to go down. I hope I don't get whipsawed again.

Here is my favorite chart right now which is GDX which is the proxy for the Gold mining companies. I think this one has real potential for a home run. Chart below.

The last chart is of the model portfolio. Not much change here but we are off a little from last week.

Symbol/Name	Price*	Change	Last Trade	Gain/Loss (USD)	Shares	Price Paid	Purchase Date	Gain/Loss (USD)	% Change	% Port	Value (USD)
DDM:US ($) ProShares Ultra Dow30	75.35	-0.27	09/21	-27.00	100	66.00	07/07/2012	+935.00	+14.17	38.25	7,535.00
DIG:US ($) ProShares Ultra Oil & Gas	50.57	+0.20	09/21	+20.00	100	41.00	07/07/2012	+957.00	+23.34	25.67	5,057.00
GDX:US ($) Market Vectors Gold Miners ETF	54.81	+0.45	09/21	+45.00	100	44.50	07/27/2012	+1,031.00	+23.17	27.82	5,481.00
TBT:US ($) ProShares UltraShort 20+ Year Treasury	16.28	-0.03	09/21	-3.00	100	15.78	09/10/2012	+50.00	+3.17	8.26	1,628.00
Totals				+35.00				+2,973.00	+17.77		19,701.00