GREY:ALXDF - Post by User
Post by
goldopportunityon Jan 11, 2015 5:18pm
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Post# 23307528
What to look for next week...
What to look for next week...1) the closing yield on the 10-year treasury -- specifically, will it continue to stay under 2.0%, or could it even break thru its 12-mo. low of 1.86? This interests me the most as it's ferocity to the downside was relatively greater than october's downward move in the yield. I can't help but wonder if the fed really intends to raise interest rates by the timeline its leading the market to believe (mid-year thereabouts). Imo, the 10-yr. is signalling that the u.s. dollar's meteoric rise is running into some major resistance just ahead.
2) the US$ dollar -- if you look at the ratio chart between the usd and 10-year treasury you can see why I think the usd is running on fumes, with up gaps aplenty that need filling.
2) the closing prices on the xau, hui and gdxj -- will they stay above their respective 50dma as they did each session last week? Last week was the first time since late august that these 3 gold indices closed above their 50. The gold stox are very much interest rate sensitive, so if the 10-yr. treasury does break to the downside you can bet that all quality gold instruments will rise.
So next week we may see the continunation of some emerging trends. Count on increased volatility. And don't forget that paper money equals debt. Jmvho.
As for azx, it looks like this coming week we'll see the sp at least get up to C$0.050, with a downside risk of C$0.040. As I've mentioned before, I very much like the strategic offer azx management has made to mgr. Steady as she goes. Jmvho.
goldopportunity