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Ten Year Yields Monthly Time And Price Structure

Mon, 15 Jun 2009 22:10:36 GMT

I found an interesting series of patterns in the 10-Year (TNX) Treasury Yields that I thought I would share with you. Let’s look at the Monthly chart and see these equal moves and then see the confluence Fibonacci that’s setting up right now. (click for full image at Chart.ly) What should jump off the chart at you is the three symmetrical or equal moves that have filled out since 1994. The three blue vertical lines represent the distance from one low to the next low and the red horizontal line represents the horizontal distance from low to low. What’s strange is that we see three equal moves over the last 15 year[More...]

Flation Debate

Wed, 10 Jun 2009 20:26:53 GMT

A ton of discussion is going on regarding inflation and deflation. I understand the inflationistas arguments and I respect them all it is just that some confuse symptoms with the illness. For me the heart of the issue lies with the simple fact that the credit losses are overwhelming the ability of the Fed and Treasury to paper them over with money. One can slice and dice the argument any way you want but the water (losses) are coming into the boat faster that the Treasury can bail (print money). Forget getting into all the mind numbing arguments regarding the velocity of money, (fractional reserve lending) which is moot because those qualified to borrow are not stupid enough to do it and those that desperately need the money, well one would have to be a complete moron to lend to many of them, even if your money stash was stolen ! Hey you would need to behave like Countrywide or Golden West or Citigroup but I[More...]

SPX 925 Strikes Again

Mon, 08 Jun 2009 21:16:09 GMT

Last week I highlighed the SPX 925 level as having acted as previous resistance for the market, but that now that the market was nicely above that level, it should act as support the first time it was tested. That worked well last week for a bounce, and lo and behold today it appears to have worked again. The SPX traded down to 926 this morning, before an afternoon rally pushed the index all the way back into positive territory. I think very few investors were playing for the late bounce today. I get several market updates each morning, and most of them were calling for a correction, especially after Friday's downward reversal. But this market has been continually frustrating for the bears, as well as those underinvested and looking for a larger pullback to use to put cash to work. Here is a summary of today's action: A late recovery[More...]

S&P 500 Turns Positive For The Year

Mon, 04 May 2009 21:46:47 GMT

The S&P 500 rallied hard today, outpacing the Nasdaq, and managed to close above its year-end 2008 levels (903.25). That puts the index in positive territory for the year (+0.44%) for the first time since Jan. 8th. Here is a quick summary of today's action: Wall Street extended recent gains, driving the S&P 500 above 900 and allowing the index to wipe out its loss for the year. Better-than-expected economic reports and positive analyst comments were the catalysts for the advance. March pending home sales posted their first back-to-back increase in almost a year, while construction spending ended a sixth month slide. Commodity producers rallied as China’s manufacturing expanded for the first time in nine months and the price of oil hit a five-week high. Intel led the[More...]

Stocks Enjoy Biggest Rally Since November Bottom

Tue, 10 Mar 2009 21:32:00 GMT

I have been saying I thought a big rally was out there, but I did not expect such a big one-day rally. The +6.4% gain in the S&p 500 is the biggest since last November. The bank index surged +15.6%, while big GE bounced back +20%. And volume was very strong today, indicating conviction behind the move. Here is a quick summary on the day: Bank of America and General Electric were the most actively traded stocks on the Big Board. Bank of America was up 1.04 at 4.79. GE gained 1.46 to 8.87. Comments from a key congressman kept the party going in the afternoon. Barney Frank, chairman of the House Financial Services Committee, called for accounting and trading rule changes that could decrease market volatility and allow companies to value assets differently. The Dow soared 379 points to close at 6926. NYSE[More...]

The Next Bubble To Pop Is?

Mon, 09 Mar 2009 17:34:04 GMT

You may be surprised to learn we're in the midst of one of the greatest financial bubbles in history, in U.S long-term government bonds. This bubble isn't motivated by greed, but by fear.[More...]

On The Edge of The Abyss

Fri, 30 Jan 2009 13:25:00 GMT

So you recently saw my short-term and intermediate-term targets and the rationale for them. Today you're going to see my warning - to The Administration, to anyone who will listen, which, it appears, is nobody. If nobody "in power" wants to hear it at least the people deserve to be warned so you know what can happen if poor decisions are made. You're getting this on a "one night" delay; it was a major feature of my nightly video last evening on the forum..... but better late than never, and I[More...]

Monday’s Market Recap (1/5/08)

Tue, 06 Jan 2009 03:45:00 GMT

Markets were down on Monday to begin the first full trading week of the year. The Dow Jones Industrial Average was lower by 81 points, and closed the day at 8,952 points. The Nasdaq composite index fell 4 points, and finished with 1,628 points, while the S&P 500 index was down 4 points as well, and finished at 927 points. The Russell 2000 index showed a loss of less than 1 point, and closed at 505 points. Bond prices were lower as the yield on the 10-year Treasury note went up to 2.46%, and the yield on the three-month T-bill went up to 0.08%. International markets were higher as Britain’s FTSE 100 added 0.39% and Japan’s Nikkei 225 added 2.07%. Oil prices rose $2.47 and settled at $48.81 per barrel as tensions grow everyday in Gaza.[More...]

Wednesdy’s Market Recap (12/31/08)

Thu, 01 Jan 2009 01:27:00 GMT

The past year will be remembered as one of the worst years for Wall Street, but it did end on a positive note. All three major U.S. indexes ended higher, each gaining over 1% on Wednesday. The Dow Jones industrial average added 108 points, and finished the trading day and the year at 8,776 points. The index has lost 33.8% since the beginning of 2008, proving to be the worst year for the Dow since 1931. The Nasdaq composite index was up 26 points, and closed with 1,557 points. On the year, the Nasdaq has been down[More...]

The Idiocy of Bernanke's Bubbles And CNBS

Wed, 17 Dec 2008 16:42:00 GMT

Expanding on yesterday afternoon's Ticker..... First, let's look at the TNX, which is the 10 year Treasury yield; we'll do two charts, the first being the 20 year Weekly: [More...]

Tanzanian Royalty Chairman Completes $1.5 Million Private Placement

Wed, 15 Apr 2009 19:42:00 GMT

Tanzanian Royalty Exploration Corporation announces that the $1,500,000 private placement with Mr. James E. Sinclair announced April 10, 2009 has closed. Mr. Sinclair purchased 248,139 common shares at a purchase price of $6.045 per share.[More...]

Tanzanian Royalty CEO Provides Clarification On Recent Article in Barron’s

Mon, 13 Apr 2009 12:34:00 GMT

This weekend the Barron’s online website carried an article about the Company that portrayed it in a less than favorable light.[More...]

Tanzanian Royalty Chairman to Provide $1.5 Million Private Placement

Fri, 10 Apr 2009 22:01:00 GMT

Tanzanian Royalty Exploration Corporation announces that Mr. James E. Sinclair has agreed to provide $1,500,000 by way of a private placement with the proceeds being applied to general working capital. Mr. Sinclair has agreed to purchase 248,139 common shares at a purchase price of $6.045 per share for proceeds totaling $1,500,000. The price reflects the greater of the closing price on the Toronto Stock Exchange of the Company’s shares on March 26, 2009 of $5.95 and the 5-day weighted average trading price for the five consecutive trading days ended March 26, 2009 of $6.045. If the closing price on the Toronto Stock Exchange of the Company’s shares on the date of closing is greater than the above, the share price and number of shares to be issued will be adjusted to reflect the higher price.[More...]