LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
Here's How to Tell Whether Bond Mania Is Out of Gas

By: Rick Ackerman, Rick's Picks

 -- Published: Monday, 19 August 2019 | Print  | Disqus 

Are rates on the Ten-Year Note finally bottoming? Quite possibly, according to technical indicators that we monitor closely. T-Notes touched a low last week of 1.47% after plummeting almost relentlessly from 3.49% last November.  GDP was running at around 3% back then, and almost no one other than a few hardcore deflationists, your editor among them, saw rates on the Ten-Year falling below 2%.  Now, however, given the look of the charts, it would be wise to prepare for a possible rate rebound, even if it proves to be temporary.

By our runes, a bounce from these levels would be logical because last week’s low occurred almost precisely at a Hidden Pivot target first aired here some time ago. It was one of a series of lows forecast by Rick’s Picks in 2019. The chart shows how rates bounced last Thursday from within 0.02 points of the 1.47% target. The Hidden Pivot support whence the bounce occurred clearly worked, but that doesn’t necessarily mean it will hold indefinitely. In fact, given the clarity of the pattern associated with the support, if TNX were to decisively breach it in the next few days, that would strongly imply rates are headed significantly lower in the weeks and months ahead.

Belated Boldness

Meanwhile, some of Wall Street’s best and brightest, having missed the huge rally in Treasurys, which produced capital gains of 15% or more for the few who saw it coming, are now venturing boldly forth to proclaim it is over. Some Investors Are Betting the Flight to Bonds Is Overdone was how The Wall Street Journal headlined their belated change of heart. We’re inclined to bet with them for the time being, albeit with less bravado, shorting Treasurys and going long on yields. But to repeat: If TNX, which tracks rates on the Ten-Year, were to close below our 1.47% target for a couple of days or trade decisively below it intraday in the next week or so, we’d take our bet off the table, pronto.
| Digg This Article
 -- Published: Monday, 19 August 2019 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com 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 GoldSeek.com. 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


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC 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 GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.