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"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
Monday, May 14, 2012
30 year yield monthly (the continuum)
Here on the verge of a potential deflation issue, let us not forget the stoked up inflation bulls that were running rampant 1 year ago as Bill Gross undertook his famous T bond short and the TYX banged the limiting EMA 100 (red line) and reversed. Let us sit here in our respective versions of pain, guardedness, euphoria or what have you and remember that the worm always turns.
It turned away from the rampaging inflation herd last year. We are now headed toward the time when Bob Prechter gets to be right again. Just another wash, rinse, repeat cycle along the continuum.