Monday, June 27, 2016

Kamikaze Bonds: The 10-Year Yield Goes Into a Death Dive

Here's an update of a chart that I've posted from time to time. Originally I had a much shorter time frame; I had to extend the time frame to find the next level of support.

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(Updated chart)

If that support breaks, our financial system is seriously working without a net. Look out below.

Gold higher again today. I took three rounds of gains in one of my publications on Friday. Maybe a bit too early? But you know what's wrong with 100%+ gains? Nothing!

Don't be greedy.

That said, I still have other positions in place to ride this next wave higher. And my intermediate-term target on gold remains $1,519. So if you're playing this in anything but short-term, just sit back and enjoy the ride. It could be wild!

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