"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 27 mins Cryptos Resist Social Media Crackdown
  • 1 hour The Death Of Dodd-Frank
  • 2 hours Bitcoin Bounces Back Ahead Of G20 Meeting
  • 3 hours Trump's Trade War Nears Boiling Point
  • 5 hours Will April Be A Turning Point For Precious Metals?
  • 6 hours Economic Pressures Weigh On Banks And Borrowers
  • 8 hours U.S. Political Uncertainty Keeps Stock Markets On Edge
  • 23 hours Gold: The Religion Of Currency
  • 2 days Economists Polarized On Trump’s Tariff Plan
  • 3 days Why Are Investors Overlooking Gold Stocks?
  • 3 days The App That Democratized Trading Is Now Worth $5B
  • 3 days Super-Cycles: Why Gold Is Set For A Breakout
  • 3 days U.S. Sanctions Russia For Election Meddling And Cyberattacks
  • 3 days Snap Shares Tank Over ‘Slap Rihanna’ Campaign
  • 3 days How Low Can Bitcoin Go?
  • 3 days Amazon’s Japan HQ Raided In Anti-Monopoly Push
  • 3 days Is Barrick Gold Close To Finding A Bottom?
  • 4 days Morgan Stanley’s Top 10 Short-Term Stock Picks
  • 4 days China: The Land Of The Ultra-Rich
  • 4 days Alibaba Soars On Reports Of China Listing
Economists Polarized On Trump’s Tariff Plan

Economists Polarized On Trump’s Tariff Plan

Economists are polarized on Trump’s…

Is the Top Finally In For US 30 Year Bonds?

After hitting my long awaited target, the reversal we have seen over the past 12 months strongly suggests a multi-decade top is now in for bonds.

US Treasury Bond Chart 1
Larger Image

Looking at the internal structure of bonds, I suspect it's close to a decent bounce, so those that are short bonds (or long TBT) probably want to move your stops lower, as a decent bounce for wave 4 of [3] can see 137, that's a nasty move if you get short the lows.

Getting short near the lows is a dangerous method, as most times it tends to reverse and squeeze the bears that are late to the party.

In order to change the complexion of the decline, the bulls would need a move above 142; any bounce that stays below 137.50 (especially if a weak looking corrective advance) is a sell.

US Treasury Bond Chart 2
Larger Image

Long term it sure looks like a major high in place, so target the 100.00 area.

US Treasury Bond Chart 3
Larger Image


Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter