Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Gain Roughly 2% After Fed
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 3 21 2018
By: Ira Epstein

SSR Mining begins drilling at Eagles Plains (TSX-V: EPL) Fisher Gold Property
By: Nicholas LePan,

JPMorgan's Domination of COMEX Silver
By: Craig Hemke

Can Central Banks Manage the Deflation of an Everything Bubble?
By: Graham Summers

No, gold leased from central banks doesn't always have to be returned
By: Chris Powell

Why the Worlds Central Banks hold Gold In their Own Words
By: Ronan Manly

WATCH OUT BELOW: Dow Jones Index Next Stop 19,000
By: Steve St. Angelo

Additional Signs for PMs Amid Increasing FOMC Tension
By: Przemyslaw Radomski, CFA

Credit Concerns In U.S. Growing As LIBOR OIS Surges to 2009 High
By: GoldCore


GoldSeek Web

TMV : 3X Leveraged Short on Treasury Bonds

 -- Published: Wednesday, 10 January 2018 | Print  | Disqus 

By Rambus

TMV is a 3 X short the TLT 20 year treasure bond etf. This trade is based on the TLT. For well over three years now the TLT has been building out what looks like a massive H&S top with the top of the right shoulder now in play. Im going to take an initial position and buy 250 shares of TMV, 3 X short the TLT, and buy 250 shares at the market at 18.83 with the sell/stop on a daily close below the right shoulder low on the daily chart for the TMV at 17.35. Im anticipating the the right shoulder high on the TLT will be the ultimate high. There will be several more entry points if this trades starts to workout.

A second buy point would be on the breakout above the neckline on the daily chart for the TMV. A third buy point would be on a breakout above the double bottom trendline.

Below is the weekly chart for the TMV. The more conservative members may want to wait for the breakout above the double bottom trendline and the 30 week ema.

Below is a one year daily chart for the TLT which shows the possible double top right shoulder high that well looked at on the weekly chart. Reverse symmetry may suggest we could see a small bounce off of the neckline as the 200 day ma is also intersecting the neckline.

This next chart is a weekly look at the TLT which puts everything in perspective. There is some nice symmetry forming on this 3 plus year H&S top where both the left and right shoulder highs formed at the same high. This chart also shows you why Im willing to take an initial position up here toward the possible right shoulder high.

The long term monthly chart for the TLT is showing a possible classic H&S top building out. Ive shown you many cases that a H&S pattern can buildout with the left shoulder and head forming inside of a wedge pattern, in this case the 5 year 5 point bearish rising wedge with the right shoulder forming on the backtest to the underside of the bottom rail. TLT has fallen just shy of a complete backtest to the bottom rail, but in this case it looks close enough. As you can see my entry point is very early if this very large H&S top plays out. There will be several more good entry points if things start playing as these charts are suggesting. We basically have two separate reversal patterns forming in the same location.


| Digg This Article
 -- Published: Wednesday, 10 January 2018 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2017 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.