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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: pogbull who wrote (5098)7/16/2003 12:00:06 PM
From: Jim Willie CB  Read Replies (3) of 5423
 
we now have critical juncture in USTBonds and USTNotes
the TENS yield just shot above its 200day MovAvg
this is hugely significant
note the rise above the trendline, which must be drawn by your eye

finance.yahoo.com^TNX&d=c&k=c1&a=v&p=s&t=2y&l=on&z=m&q=l

also, the USDollar has run up against to upper rail to its trend channel
check it out
stockcharts.com[h,a]daclyyay[df][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G

bonds have fed stocks for a couple months lately
stocks have anticipated a hefty rise in earnings and a 2ndHalf Recovery

I doubt either earnings or the recovery will be much to write mom at home about
my expectoration is for TENS yield to be steady in the 3.9-4.1% for a few months
this would complete a Head & Shoulders rising pattern on rates
then by spring, we will see rising TENS yield to the 4.5-4.8% range
which will kill real estate's so-called bull market, which is nothing more than a Fed-induced bubble

the risk already incurred is the halt of the refi movement
real estate will probably stall in a big way here

/ jim
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