Chart usGOLD   Chart usSILVER  
 
Food for thought
We are all equal before the law, but not before those appointed to apply it
Stanislaw J. Lec  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1310.126.30
Silver 20.750.21
Platinum 1482.50-0.75
Palladium 882.805.05
WORLD MARKETS
DOWJONES 1698326
NASDAQ 4445-5
NIKKEI 1561889
ASX 558111
CAC 40 4333-11
DAX 9577-21
HUI 2432
XAU 1021
CURRENCIES (€)
AUS $ 1.4299
CAN $ 1.4521
US $ 1.3438
GBP (£) 0.7908
Sw Fr 1.2148
YEN 136.9510
CURRENCIES ($)
AUS $ 1.0641
CAN $ 1.0807
Euro 0.7442
GBP (£) 0.5885
Sw Fr 0.9040
YEN 101.9110
RATIOS & INDEXES
Gold / Silver63.14
Gold / Oil12.90
Dowjones / Gold12.96
COMMODITIES
Copper 3.24-0.01
WTI Oil 101.55-0.12
Nat. Gas 3.760.00
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
For T-Bonds, a Crucial Test of Support Looms
Published : January 22nd, 2013
442 words - Reading time : 1 - 1 minutes
( 5 votes, 1/5 ) Print article
 
    Comments    
Tweet




Are T-Bond futures breaking down? It’s important that we get it right, since, if they are and market forces are about to lay bare the biggest financial shell game in history, we want to be watching from the sidelines when the inevitable panic erupts. From a technical standpoint, the key number to watch is 143^29, a “Hidden Pivot” derived from our proprietary runes. If this support were to fail we would infer that the selloff had significantly further to go, presumably to at least 141^09, before bulls would have a chance of reversing the tide. By then, however, it could be too late to calm the herd. Interest rates on the long bond would be up by about 25 basis points, to around 3.25 percent, and although that would still be shy of the 3.50 peak recorded last spring, it could suffice to unsettle equity markets and squash a a delicate uptick in real estate that has relied on massive infusions of credit created out of thin air by the Federal Reserve. At the very least, it would give pause to share buyers who have so far gotten 2013 off to a rousing start.


To be sure, T-Bonds have pulled out of tail spins before. Early in 2011, they reversed a nasty decline that had threatened to derail the banking system’s recovery from the Great Financial Crash. And they did so again later that year, saving the day for a mortgage market that might easily have relapsed. This time, however, although T-Bond futures are not in a steep decline, weakness has persisted since summer. Because of this, the markets are in poor shape to withstand whatever shenanigans Obama and the Democrats attempt to pull in lifting the debt ceiling. In fact, the carelessness with which the subject is being debated on Capitol Hill could itself be the catalyst that finally causes T-bonds to “revolt” as buyers other than the Fed itself desert the Treasury’s auctions. We should all want to be long gold and silver when that day finally arrives, as it inevitably must.

Whatever happens, we’ll be watching the charts closely when the March T-Bond contract comes down to 143^29, an occurrence that we would rate as all but certain over the next 2-3 weeks. A breach of that “hidden” support by more than two or three ticks — or still worse, a close beneath it — would be warning of worse to come.

 Click here for a no-risk trial subscription to Rick’s Picks that will give you access to our analysis in real time, as well as to a 24/7 chat room that draws experienced traders from around the world.

 

Tweet
Rate :Average note :1 (5 votes)View Top rated
Previous article by
Rick Ackerman
All articles by
Rick Ackerman
Next article by
Rick Ackerman
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, a daily trading newsletter and intraday advisory packed with detailed strategies, fresh ideas and plain old horse sense.
Rick Ackerman ArchiveWebsite
Most recent articles by Rick Ackerman
7/28/2014
7/21/2014
7/14/2014
7/7/2014
6/30/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer