Tuesday, November 30, 2004

Confirmation

Today 30 year bond prices went below the neckline confirming the head and shoulders topping pattern of the bonds. Look for continueing rising mortgage rates and forclosures on people with variable rate mortgages on their houses.
http://futures.tradingcharts.com/chart/TR/C4
Rising interest rates? Expect rising gold and silver prices. You probably will not hear about bond prices from me for quite a while. They should just head down.

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