"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

Friday, June 15, 2012

Bond auctions & TLT

This week's US Treasury bond auctions have resulted in a little bounce for TLT.  I believe this thing is making a top off of over bought conditions.  I also believe the deflation story may be topping out.  But in the very short term people could pile drive back into the long bond depending upon what kind of dynamics come out of the Greek vote.  Maybe a double top coming on the long bond?
















http://www.biiwii.blogspot.com
http://www.biiwii.com

Subscribe to NFTRH or
Subscribe to the free eLetter

No comments:

Post a Comment