10 Year Treasury

The good news for those inclined to be bullish on gold is that prices are approaching the lower part of that trading range.

"Apologies for the extended silence as I was travelling in Asia. I will be back later with a broad update on markets as there is a lot to talk about. Quickly first in fixed income we have a potential evening star in formation. As can be seen on the 30-minute chart we are leaning on channel support, and a close below 117-19+ would validate the candle-stick pattern at the daily level. There is little divergence in the indicators but if this rally was a correction within the bear trend then it is often-times the case that the market reverses without much warning. 118-10 is the major resistance above, and 117-03 should be support here in the short-term. As long as 118-10 is not violated we keep an eye on the long term support at 114-01 now." - Nic Lenoir