With some mega-bearish breakouts being threatened, this is how quickly we could see panic in major markets.
WARNING: Danger In Major Markets
April 25 (King World News) – The following is from Andrew Adams at Raymond James: Well, It Happened – We have written in recent days about the market’s fascination with the 3% level in the 10-Year U.S. Treasury, and yesterday, the threshold was breached for the first time since the start of 2014. The 10-Year didn’t stay up there for long, however, as it almost immediately pulled back and traded below 3% for the rest of the day. Now, the whole 3.00-3.05% zone could act as some resistance, but the prevailing trend does seems to suggest that it’s only a matter of time before the yield pushes higher.
BREAKOUT: Breach Of Key 3% Level On US 10-Year Now Unfolding!
Is a Future Date With Long-Term Resistance Inevitable? – If the 10-Year U.S. Treasury does push above near-term resistance…
IMPORTANT:
KWN receives so many emails from its global readers and listeners about which high-quality mining companies they should invest in, and as a result we have added another remarkable company to the list. This is one of the greatest gold opportunities in U.S. history and you can take a look at this remarkable company and listen to the just-released fantastic interview with the man who runs it by CLICKING HERE OR BELOW
Sponsored
If the 10-Year U.S. Treasury does push above near-term resistance in the 3.00-3.05% zone, there probably won’t be much else standing in its way until the very long-term resistance line that has capped rates going back to the early 1980s (solid red line in chart below).
Early 1980s Descending Trendline Is Last Line Of Defense For Bond Bulls!
And Finally…
Top Citi Analyst Tom Fitzpatrick’s US Dollar Chart
Dollar Troubles Bullish For Gold & Silver
Fitzpatrick noted strong resistance in the “91.90-92.60 range,” and also warned that the next catalyst for a downside acceleration in the US dollar will take place when the “87.80 – 88.70” level is breached. This would of course be extremely bullish for gold, silver and the high-quality shares of company’s that mine the metals.
ALSO RELEASED: One Of The Greats Discusses The Mid-$1,300s Battle In Gold, Miners And The Stock Market Plunge CLICK HERE TO READ.
© 2018 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
