Greetings to the proletariat...
The March ten year futures, (ZN), continue to have staunch technical support for a further drop in yields. All bets are off and we'll have a trend change if the March futures close below 120-26....Within a easy eagle put...
...Then it's 'Port des Mortes' for the treasury market as yields will scream to significantly higher yields over the next several months....BUT - for now, the trend is still for higher note & bond prices unless these levels are violated on a daily closing basis.
A couple of 'ticklers'.... The HYG etf, a close below 82.59 changes it to a confirmed bear trend for high yield, ( read TOXIC), paper. Not that far away...and that WILL drag the treasury market lower. No flight to 'quality', the world players now know that US treasury paper is a fiat ponzi scheme...
...the ten year futures monthly chart will soon gasp its final breath...And it sure looks like it is about to serve up a very bearish pattern for ten year note prices going forward.
....Gold and Silver have just put together a few VERY bullish days back to
back...why ? Strong volume has accompanied these recent price advances in gold and silver. " Passat " ( watch out ).
Glad to be in America.
Marte'
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