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on the eve of a critical market...01-29-2019


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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