Newcastle, Saturday 11 NovemberPrice movements noted in this article are weekly not dailyBitcoin is the most interesting right now of all of the markets covered.Government bondsThe T-Bond price in the series to which I have access for my Metastock charts ($113.37 down $0.28, wkly, daily) (back-adjusted) has provided more evidence that perhaps the immediate downtrend … Read more
Newcastle, Saturday 4 NovemberPrice movements noted in this article are weekly not dailyThere were important reversals this week in the USD, T-Bond prices and US equities.Government bondsThe T-Bond price in the series to which I have access for my Metastock charts ($113.65 up $4.16, wkly, daily) (back-adjusted) has rallied sharply to touch the bottom of … Read more
Newcastle, Saturday 28 OctoberPrice movements noted in this article are weekly not dailyBitcoin has broken out.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($109.50 up $1.03, wkly, daily) (back-adjusted) remains in its downtrend.Fiat currenciesThe USD index (106.56 up 0.40 pts, wkly, daily) broke its steep 3-mth uptrend in the … Read more
Newcastle, Saturday 21 OctoberPrice movements noted in this article are weekly not dailyThe outlook for equity markets appears poor. But hard currencies gold and bitcoin look good.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($108.47 down $4.31, wkly, daily) (back-adjusted) fell heavily again this week. Consequently the yield went … Read more
Newcastle, Sunday 15 OctoberPrice movements noted in this article are weekly not dailyGold and oil have soared on the declaration of war in the Middle East but in both cases I am not yet sure whether their rallies are ready to continue.Government bondsThe T-Bond price in the series to which I have access for my … Read more
Newcastle, Saturday 7 OctoberPrice movements noted in this article are weekly not dailyHigher bond yields, the higher USD and economic uncertainty are dampening commodity prices and equities. Bitcoin is the only bright spark at present.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($110.47 down $3.31, mthly, wkly, daily) (back-adjusted) … Read more
Newcastle, Saturday 30 SeptemberPrice movements noted in this article are weekly not dailyThe rise in bond yields and in the USD, and their negative effect on gold and commodity prices, are the main features at present.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($113.781 down $1.125, wkly, daily) (back-adjusted) … Read more
Newcastle, Saturday 23 SeptemberPrice movements noted in this article are weekly not dailyCaution rules.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($116.90 down $1.69, wkly, daily) (back-adjusted) hit a new multi-year low this week. Consequently bond yields rose; the yield of the longer-dated 30-yr T-Bond (4.52% up 0.11%, mthly, … Read more
Newcastle, Saturday xxPrice movements noted in this article are weekly not dailyItâs been oil, uranium and iron ore for the last few weeks. Hopefully others will join in.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($118.59 down $0.97, wkly, daily) (back-adjusted) remains in its consolidation zone. But the yield … Read more
St Ives, Saturday 9 SeptemberPrice movements noted in this article are weekly not dailyNot much joy as yet.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($119.56 down $0.78, wkly, daily) (back-adjusted) was stable within its long-term downtrend.Fiat currenciesThe USD index (105.09 up 0.85 pts, wkly, daily) continued its rally.Against … Read more
Newcastle, Saturday 2 SeptemberPrice movements noted in this article are weekly not dailyOil prices have broken their downtrends. Iron ore has broken out too. Other commodities are on the verge of doing so. Could this be the start of the next bull market in commodities?Government bondsThe T-Bond price series to which I have access for … Read more
Newcastle, Saturday 26 AugustPrice movements noted in this article are weekly not dailyNothing of much note to report this week.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($119.75 up $0.53, wkly, daily) (back-adjusted) broke down through the low seen in October but then rallied to close slightly higher over … Read more
Newcastle, Saturday 19 AugustPrice movements noted in this article are weekly not dailyNo joy in hard currencies nor in commodities.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($119.21 down $1.53, wkly, daily) (back-adjusted) has fallen further to match the low seen in October last year. A bounce from here … Read more
Newcastle, Saturday 12 AugustPrice movements noted in this article are weekly not dailyNothing of much note this week.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($120.75 down $1.25, wkly, daily) (back-adjusted) rallied earlier in the week then fell back. The downtrend is intact.The yield of the longer-dated 30-yr TBond … Read more
Newcastle, Saturday 5 AugustPrice movements noted in this article are weekly not dailyWatch out below for iron ore?Government bondsThe T-Bond price series to which I have access for my Metastock charts ($122.00 down $2.25, wkly, daily) (back-adjusted) fell sharply earlier in the week before staging a partial recovery on Friday. The trend remains down.The yield … Read more
Newcastle, Saturday 29 JulyPrice movements noted in this article are weekly not dailyThe big news is that oil prices have cut their downtrend lines.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($124.25 down $2.13, wkly, daily) (back-adjusted) continues to look negative. The yield of the longer-dated 30-yr T-Bond (4.03% … Read more
Newcastle, Saturday 22 JulyPrice movements noted in this article are weekly not dailyNothing much of note this week.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($26.38 down $0.06, wkly, daily) (back-adjusted) continues to look negative. The yield of the longer-dated 30-yr T-Bond (3.9% even, wkly, daily) remains in uptrend.Fiat … Read more
Newcastle, Saturday 15 JulyPrice movements noted in this article are weekly not dailyThe fall in the USD and the consequent strength in the AUD is the main feature this week.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($126.44 up $2.69, wkly, daily) (back-adjusted) rallied back up to resistance. I … Read more
Newcastle, Saturday 8 Jul 2023Price movements noted in this article are weekly not dailyThat new high in the US market turned out to be a furphy, so all bets are off.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($123.75 down $3.16, wkly, daily) (back-adjusted) has clearly broken its 7-months … Read more
Newcastle, Saturday 1 JulyPrice movements noted in this article are weekly not dailyThe S&P500 on Friday made a new high in this bear market rally or new bull market or whatever it turns out to be. That is significant.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($126.91 down $1.00, … Read more
Newcastle, Saturday 24 JunePrice movements noted in this article are weekly not dailyWe are in another equities correction.Meanwhile gold and bitcoin are moving in opposite directions, so to get back in sync gold will have to rise or bitcoin fall. Perhaps the latter.Government bondsThe T-Bond price series to which I have access for my Metastock … Read more
Newcastle, Saturday 17 JunePrice movements noted in this article are weekly not dailyMain features are the continuing strength in equity markets and the rally in the AUD.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($127.34 down $0.16, wkly, daily) (back-adjusted) is still holding onto the support afforded by a … Read more
St Ives, Saturday 10 JunePrice movements noted in this article are weekly not dailyNothing of major significance this week.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($127.50 down $0.44, wkly, daily) (back adjusted) held above support. The yield of the longer-dated 30-yr TBond (3.89% up 0.05%, wkly, daily) remains … Read more
Newcastle, Saturday 3 June 2023Price movements noted in this article are weekly not dailyWhen is a bear market rally no longer a bear market rally? When it breaks through to an all time high.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($127.94 up $2.03, wkly, daily) (back adjusted) bounced … Read more
Newcastle, Saturday 27 May 2023Price movements noted in this article are weekly not dailyWeak commodities, weak AUD. And is the S&P500 going to break out next week?Government bondsThe T-Bond price series to which I have access for my Metastock charts ($125.62 down $1.53, wkly, daily) (back adjusted) continued its fall. It is now in the … Read more
Newcastle, Saturday 20 MayPrice movements noted in this article are weekly not dailyBond yields are still rising, most commodities are still falling, but global equity markets look promising.Government bondsThe T-Bond price in the futures series to which I have access for my Metastock charts ($127.15 down $3.56, wkly, daily) (back adjusted) pulled back sharply. It … Read more
Newcastle, Saturday 13 MayPrice movements noted in this article are weekly not dailyHave lithium and rare earths turned?Government bondsThe T-Bond price series to which I have access for my Metastock charts ($130.72 down $0.25, wkly, daily) (back adjusted) continues to mark time within its long term downtrend.The yield of the longer-dated 30-yr T-Bond (3.78% up … Read more
Newcastle, Sunday 7 May 2023Price movements noted in this article are weekly not dailyPublishing this a day late because I was watching the coronation on BBC.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($130.96 down $0.69, wkly, daily) (back adjusted) scarcely changed in price. It has been marking time … Read more
Newcastle, Sunday 30 AprilPrice movements noted in this article are weekly not dailyMy caution last week on equity markets was misplaced in the short term.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($131.66 up $1.75, wkly, daily) (back-adjusted) rallied a little. It is arguably still in long-term downtrend.The yield … Read more
Newcastle, Saturday 22 AprilPrice movements noted in this article are weekly not dailyA degree of caution is warranted.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($129.90 down $0.81, wkly, daily) (back-adjusted) fell back a touch.Fiat currenciesThe USD index (101.82 up 0.27 pts, wkly, daily) held above the support at … Read more