THE BOND MARKET IS NOT BEING FOOLED BY “2017 TRUMP CROSS CURRENTS” Long Term US Treasury Yields have been is an unrelenting downward trend since Paul Volcker was Fed Chairman in the early ’80’s. This trend is not about to be reversed because there is simply no other solution to the US debt problem. The Federal […]
GRANT WILLIAMS: THE DEATH OF THE PETRODOLLAR, AND WHAT COMES AFTER! The story begins in the 1970s when Henry Kissinger and Richard Nixon struck a deal with the House of Saud — a deal which gave birth to the petrodollar system. The terms were simple The Saudis agreed to ONLY accept U.S. Dollars in return […]
A TIGHTER YEN – GOLD CORRELATION HAS EMERGED This became an increasingly tighter correlation after the ECB, BOJ & BOE Began Injecting $200B/Mo. With the “Trump Rally” it has become an “Extreme Correlation”!
Gold Stocks’ Strong New Up-leg SOURCE: Adam Hamilton February 10, 2017 Gold stocks are on fire this year, powering higher in market-dominating performance. This is a massive reversal from their dark fourth quarter, with 6/7ths of those losses already erased. But this strong new up-leg still remains young and small by historical standards. Gold stocks’ recent […]
“Head And Shoulders” Showing In Many Treasury Charts In his latest slidepack, BofA’s chief technician Paul Ciana sees nothing but head & shoulder reversal patterns in virtually every currency pair and rate chart: i.e., the unwind of “Trump trade.” As he writes in a just released note, “many US dollar and euro crosses, US rates, US […]
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 […]
“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 […]
FACEBOOK AT CRITICAL SUPPORT – NEEDS TO FIND FIRMER SUPPORT – TREND CHANNEL SUPPORT AT $104
