Another Reason Not To Sell Bonds…Yet As I penned last weekend: “If the market corrects, OR the economy hits a speed bump, OR something happens in the Eurozone, OR…OR…OR…the covering of short positions in bonds will cause an extremely fast drop in yields. Sure, anything can happen. If yields on the 10-year Treasury break above 3% it […]
Another Reason Not To Sell Bonds…Yet As I penned last weekend: “If the market corrects, OR the economy hits a speed bump, OR something happens in the Eurozone, OR…OR…OR…the covering of short positions in bonds will cause an extremely fast drop in yields. Sure, anything can happen. If yields on the 10-year Treasury break above 3% it […]
Market Road Maps, TNX Road Map
TNX has recently broken from a long term weekly pattern (blue s/r, wedge pattern resistance) and we are currently watching the degree of pull back. There is potential for a drop back to the larger weekly pattern to retest the s/r that has been broken out of. An initial break of 2.3 offers potential opportunity […]
Market Road Maps, TNX Road Map
WEEKLY View: A long term descending wedge pattern can be seen coming from the left of the chart; this has recently been violently broken through: the lift can be seen to reach significant pattern resistance. The last few weeks have seen the market fall off slightly from the recently made high, dropping back in to […]
“War of Words” Between Fed and Trump Administration Is Now Underway! USD DOWN > BONDS UP > YIELD DOWN (Cheaper Dollar Means Bonds Cost More in $$ and the Yield is Less) WAR OF WORDS BEGINS WEAKENS $$:Trump (WSJ Interview) and Mnuchin (Confirmation Testimony) Indicate they fell Dollar is PRESENTLY too high. STRENGTHENS $$: Yellen […]
GRANT WILLIAMS: PRESENTATION TO MINES & MONEY CONFERENCE IN LONDON – OIL, US DOLLAR & GOLD In December, Grant Williams, author of “Things That Make You Go Hmm…” offered the most comprehensive analysis yet of the rise and inevitable fall of the petrodollar (and implicitly US hegemony). In the following presentation, from Mines & Money […]
