Margin requirements

Margin requirements for silver were lowered last week. The Fed will eventually have to print more money to boost the economy. Silver is down $.99 today. FNMA is down 2 to 3% today. NASDAQ is down 1 and 1/2% due to Europe and China concerns. Mahendra has been innacurate in Silver price predictions. I think we should wait to buy silver on margin until mid May or at least early May.

5:30pm:  FNMA closed at $.285 down .35% and AGNC is up .31% at $30.715.  NASDAQ is down 1% so FNMA is showing some strength so when the market goes up there should be a gain. SLV closed at $29.97 and silver Kitco is at $30.85 at 5:36pm.

Song to Mr president

http://youtu.be/32I6nk8hBGE

Interest rates down

The 30 year fixed is 3.88% down from 3.98%.  The 15 year is 3.11% which is a record low. 9:35 am thurs.

hammer candle on FNMA

Charts are from Etrade.

Yersterday there was a tug of war between buyers and sellers. Today a bullish trend may be in place. Despite the market being down over 1 1/2% FNMA closed up a little to $.27. there was even someone trying to sell 1,608,800 shares at .27 starting around 2:00 pm.The RSI and Stockastics are also pretty well used up as well. I think this is bullish for FNMA;  it may have hit its low yesterday.

My predictions of the markets

the second half of April will be better than the first half, I think silver and FNMA will do better. Interest rates are down a little with long term rates at 3.99% now.The second half of the year will be better than the first half.