Newcastle, Sunday 15 October Price movements noted in this article are weekly not daily Gold 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
Newcastle, Saturday 7 October Price movements noted in this article are weekly not daily Higher 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,
Newcastle, Saturday 30 September Price movements noted in this article are weekly not daily The 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,
Newcastle, Saturday 23 September Price movements noted in this article are weekly not daily Caution 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%
Newcastle, Saturday xx Price movements noted in this article are weekly not daily It’s 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.
St Ives, Saturday 9 September Price movements noted in this article are weekly not daily Not 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,
Newcastle, Saturday 2 September Price movements noted in this article are weekly not daily Oil 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
Newcastle, Saturday 26 August Price movements noted in this article are weekly not daily Nothing 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
Newcastle, Saturday 19 August Price movements noted in this article are weekly not daily No 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
Newcastle, Saturday 12 August Price movements noted in this article are weekly not daily Nothing 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
Newcastle, Saturday 5 August Price movements noted in this article are weekly not daily Watch 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
Newcastle, Saturday 29 July Price movements noted in this article are weekly not daily The 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
Newcastle, Saturday 22 July Price movements noted in this article are weekly not daily Nothing 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)
Newcastle, Saturday 15 July Price movements noted in this article are weekly not daily The 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
Newcastle, Saturday 8 Jul 2023 Price movements noted in this article are weekly not daily That 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
Newcastle, Saturday 1 July Price movements noted in this article are weekly not daily The 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
Newcastle, Saturday 24 June Price movements noted in this article are weekly not daily We 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
Newcastle, Saturday 17 June Price movements noted in this article are weekly not daily Main 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
St Ives, Saturday 10 June Price movements noted in this article are weekly not daily Nothing 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%,
Newcastle, Saturday 3 June 2023 Price movements noted in this article are weekly not daily When 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)
Newcastle, Saturday 27 May 2023 Price movements noted in this article are weekly not daily Weak 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
Newcastle, Saturday 20 May Price movements noted in this article are weekly not daily Bond 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
Newcastle, Saturday 13 May Price movements noted in this article are weekly not daily Have 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
Newcastle, Sunday 7 May 2023 Price movements noted in this article are weekly not daily Publishing 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
Newcastle, Sunday 30 April Price movements noted in this article are weekly not daily My 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
Newcastle, Saturday 22 April Price movements noted in this article are weekly not daily A 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
Newcastle, Saturday 15 Apr 2023 Price movements noted in this article are weekly not daily The stock market rally continues, and the rally in BTC. Government bondsThe T-Bond price series to which I have access for my Metastock charts ($130.71 down $3.38, wkly, daily) (back adjusted) pulled back from that significant resistance at $135 which
Newcastle, Saturday 8 April Price movements noted in this article are weekly not daily Oil prices have broken their downtrend but the iron ore price failed to break through. Government bondsThe price of the T-Bond whose data I have access to ($134.09 up $2.94, wkly, daily) is nearing significant resistance at around $135 on back-adjusted
Newcastle, Saturday 1 April Price movements noted in this article are weekly not daily The S&P500 has broken out again. I have moved from cautious to neutral. Government bondsThe T-Bond price ($131.15 down $1.18, wkly, daily) continues to consolidate below significant resistance at $133-134. And of course the 30-year T-Bond yield (3.69% up 0.45%, wkly,
Newcastle, Saturday 25 March Price movements noted in this article are weekly not daily Have written a shortened version this week because I am travelling. Government bondsThe T-Bond price ($132.34 down $0.38, wkly, daily) has still not broken through the resistance shown by the dotted line on the daily chart. Fiat currenciesThe USD index (103.12
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